Mar 10 2006

More Damage A-Port

Published by at 12:15 pm under All General Discussions,UAE-DPW

The outlook on what we lost-won looks worse with each passing hour. From Mac Ranger we have this post-port realization:

But it is also likely to keep the heat on a simmering belief abroad that U.S. markets can sometimes be more trouble than they’re worth, economists and foreign trade experts said Thursday.

“People are making decisions to invest elsewhere than in the U.S.,” said Rachel Bronson, a Mideast expert at the Council on Foreign Relations. “Gulf money is being invested in Europe and Asia. This furthers that trend.”

In the wake of last year’s uproar over Chinese interest in Unocal and Maytag, companies from controversial countries may be inclined to search for less complicated investments when deciding where to park their assets. And in a global economy, there are plenty of options.

To some that may be a reasonable tradeoff if scrutiny of such deals enhances national security. But economists said if too much money drifts away from U.S. investments, economic security could be at stake.

We are all poorer econimcally, morally and with regard to security.  And now I find myself agreeing with Andrew Sullivan:

Well, they’ve set an absurd precedent; now they’ll have to live with it. The Pentagon has another major contract with another Dubai-owned company, Inchcape Shipping Services (ISS).

Note to Andrew: Ownership in ISS and DPW converge at the top in The UAE.  Andrew notes:

Michelle Malkin, it’s time for another conniption.

True, shouldn’t someone be yelling “the Arabs are coming, the Arabs are coming”?

5 responses so far

5 Responses to “More Damage A-Port”

  1. Seixon says:

    Time to round up the Chinese as well. Right?

    Pshh. This was never a real issue, and they will definitely not be consistent by going after other deals/actors. Someone should make a stink about that though. Could make a nice campaign commercial this fall.

  2. HaroldHutchison says:

    And keep in mind, two Chinese generals threatened the United States with nuclear weapons.

    Did anyone in the UAE’s military do so?

  3. Retired Spook says:

    Too bad you don’t have a bigger megaphone, Harold. That is an excellent point.

  4. HaroldHutchison says:

    Maybe… but maybe I can work with those who have bigger megaphones.

  5. Bill Faith says:

    Harold, I believe you have enough name recognition already to establish a fairly repectable reader base on your own blog if you ever get the urge. If you don’t want to hassle with the details of having your own place I’m sure I’m not the only one who’d be glad to take you aboard as a guest blogger entitled to post whatever you want, whenever you want, without prior approval .