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Comments by YACCS
Friday, February 17, 2006

Cash money rules all

I'm tryin to get paid, fool. I don't
care where the money comes from

Despite Fears, a Dubai Company Will Help Run Ports in New York

Published: February 17, 2006

The Bush administration dismissed the security concerns of local officials yesterday and restated its approval of a deal that will give a company based in Dubai a major role in operating ports in and around New York City.

Representatives of the White House and the Treasury Department said they had given their approval for Dubai Ports World to do business in the United States after a rigorous review. The decision, they said, was final.

Dubai Ports World is buying the British company that currently operates the cruise-ship terminal on the West Side of Manhattan, one of the biggest cargo terminals in New York Harbor, and terminals in Philadelphia, Baltimore and other big ports.

Several lawmakers, including Representative Peter T. King of Long Island, who is chairman of the House Homeland Security Committee, and Senator Charles E. Schumer, have criticized the administration for its approval of the deal, saying it was done too quickly and without enough scrutiny of the ramifications for security at American ports.

"In the post-9/11 world, there should have been a presumption against this company," said Mr. King, a Republican. He added that people in the intelligence community had told him they had concerns about how the company operated the port of Dubai, one of the United Arab Emirates.

"I'm going to be pushing as hard as I can to slow this down." Mr. King said.

Mr. Schumer said that he was concerned that the company could be infiltrated by terrorists with designs on exploiting the vulnerability of American ports. He noted that the Sept. 11 attacks were financed in part by money that passed through banks in the United Arab Emirates

Arab doesn't necessarily mean security risk. But in this case, this seems real risky. Gee, I wonder why Congress wasn't consulted.

posted by Steve @ 3:32:00 PM

3:32:00 PM

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