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Old 02-20-2006, 01:31 PM   #1
 
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Default Major US Ports Controlled by Arabs?

How do you feel about key US ports being "controlled by Arabs"?

Excerpt from an Associated Press story posted 2/20/06
Quote:
By WILL LESTER, Associated Press Writer
Mon Feb 20, 10:28 AM ET



WASHINGTON - Members of Congress and the Bush administration are at odds over whether security is compromised by an Arab company's takeover of operations at six major American seaports.

Some lawmakers expressed concern Sunday that the safeguards are insufficient to thwart infiltration of the vital facilities by terrorists.

At issue is the purchase last week of London-based Peninsular and Oriental Steam Navigation Co., by Dubai Ports World, a state-owned business in the United Arab Emirates, or UAE. Peninsular and Oriental runs major commercial operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.

Homeland Security Secretary Michael Chertoff defended the U.S. security review of DP World in various television interviews Sunday.

"We make sure there are assurances in place, in general, sufficient to satisfy us that the deal is appropriate from a national security standpoint," Chertoff told ABC's "This Week."

The government typically builds in "certain conditions or requirements that the company has to agree to make sure we address the national security concerns," he said on NBC's "Meet the Press," but added that details were classified.

Rep. Peter King (news, bio, voting record), R-N.Y., chairman of the House Homeland Security Committee, said later he wasn't as sure.

"I'm aware of the conditions and they relate entirely to how the company carries out its procedures, but it doesn't go to who they hire, or how they hire people," King told The Associated Press.

"They're better than nothing, but to me they don't address the underlying conditions, which is how are they going to guard against things like infiltration by al-Qaida or someone else? How are they going to guard against corruption?" King said.

Critics have cited the UAE's history as an operational and financial base for the hijackers who carried out the attacks of Sept. 11, 2001. In addition, they contend the UAE was an important transfer point for shipments of smuggled nuclear components sent to Iran, North Korea and Libya by a Pakistani scientist.
Full article text: http://tinyurl.com/q5ny9
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Old 02-20-2006, 08:38 PM   #2
 
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Oh. What a marvelous idea.

Our own country's ports being controlled by any other country or outside organization is a horrendous idea. If this is going to happen, we'll need an extra checkpoint so no terrorist activity goes on.
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Old 02-20-2006, 09:02 PM   #3
 
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I saw this today on the news and was appalled. Not because they are Arabic, but because we are allowing another country to control our ports.
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Old 02-20-2006, 09:11 PM   #4
 
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But it's ok to allow other countries to buy the Fed's immense debt...hmmm...
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Old 02-20-2006, 09:21 PM   #5
 
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Quote:
Originally Posted by Cherish
But it's ok to allow other countries to buy the Fed's immense debt...hmmm...
I don't think that's okay, either.
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Old 02-20-2006, 09:28 PM   #6
 
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Quote:
Originally Posted by tantrum
Quote:
Originally Posted by Cherish
But it's ok to allow other countries to buy the Fed's immense debt...hmmm...
I don't think that's okay, either.
So what would you have the Fed do?

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Foreign holdings of U.S. Treasury securities now total $1.75 trillion. This accounts for approximately 41% of debt owed by the public. Some examples of foreign holdings include:

Japan $668 billion
China $217 billion
Caribbean Banking Centers $72 billion
OPEC Nations $48 billion

Foreign holdings of U.S. debt has increased $740 billion from January 2001 through May 2004. Examples of foreign holdings increased during that period include:

Japan + $356 billion
China + $116 billion
Caribbean Banking Centers + $41 billion
In fact, 70% of the 2003 federal deficit was borrowed from foreign investors.
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Old 02-21-2006, 02:10 PM   #7
 
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Quote:
Originally Posted by Cherish
But it's ok to allow other countries to buy the Fed's immense debt...hmmm...
Debt is not the same thing as controlling who and what enters U.S. territory from a foreign territory.

Money and resources are one thing, but allowing a foreign entity to control your borders is assinine.
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Old 02-21-2006, 02:19 PM   #8
 
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Quote:
Originally Posted by Lucille
Quote:
Originally Posted by Cherish
But it's ok to allow other countries to buy the Fed's immense debt...hmmm...
Debt is not the same thing as controlling who and what enters U.S. territory from a foreign territory.

Money and resources are one thing, but allowing a foreign entity to control your borders is assinine.
Quote:
At issue is the purchase last week of London-based Peninsular and Oriental Steam Navigation Co., by Dubai Ports World, a state-owned business in the United Arab Emirates, or UAE. Peninsular and Oriental runs major commercial operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
They bought a company based in London which runs certain border operations. The US can switch operators if it feels paranoid enough about it.

When other countries own that much of the US treasury's instruments (and that's without looking at other holdings), that's a form of control... the kind that's not so easy to get out from under.
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Old 02-21-2006, 05:27 PM   #9
 
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Quote:
Originally Posted by Cherish
Quote:
Originally Posted by Lucille
Quote:
Originally Posted by Cherish
But it's ok to allow other countries to buy the Fed's immense debt...hmmm...
Debt is not the same thing as controlling who and what enters U.S. territory from a foreign territory.

Money and resources are one thing, but allowing a foreign entity to control your borders is assinine.
Quote:
At issue is the purchase last week of London-based Peninsular and Oriental Steam Navigation Co., by Dubai Ports World, a state-owned business in the United Arab Emirates, or UAE. Peninsular and Oriental runs major commercial operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
They bought a company based in London which runs certain border operations. The US can switch operators if it feels paranoid enough about it.

When other countries own that much of the US treasury's instruments (and that's without looking at other holdings), that's a form of control... the kind that's not so easy to get out from under.
It's a form of control, but it is not physical control. Ports are physical control.
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Old 02-21-2006, 08:46 PM   #10
 
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You can bring a country to its knees by carefully manipulating its economy, if you have enough control.

Let me take this in another direction by painting 2 fictitious scenarios...

Say instead of the above, 2 things were to happen.

1. A Canadian company bought that London company.
2. japan sells all its US holdings to a wealthy Arab nation.

Which would make the headlines and why?
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Old 02-22-2006, 07:25 AM   #11
 
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Quote:
Originally Posted by Cherish
You can bring a country to its knees by carefully manipulating its economy, if you have enough control.

Let me take this in another direction by painting 2 fictitious scenarios...

Say instead of the above, 2 things were to happen.

1. A Canadian company bought that London company.
2. japan sells all its US holdings to a wealthy Arab nation.

Which would make the headlines and why?
You can harm a country with economic control. But you cannot INVADE it. The two are not comparable. Look, we limit foreign ownership of ****ing radio stations, but we're going to let a foreign entity own our ports? I don't care what country owns or is buying it, it should not happen. Why don't we turn over security at the White House and Capitol to a foreign entity too? To put this in context, I'm horrified that a foreign entity already has an ownership interest in port control. Certain things should not be permitted to be owned or controlled by foreign entities, no matter how friendly. Our ports is one of those things.

Are both economic and physical control by foreign entities bad ideas? Certainly. But just because both are bad ideas doesn't mean we should let one of them happen.
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Old 02-23-2006, 12:48 PM   #12
 
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right now, i don't have a problem with it but in my gutt i don't like the idea at all. it would be bad for the administration if they change the deal now.
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Old 03-06-2006, 07:21 AM   #13
 
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I am sure everyone has heard that the deal is delayed 45 days for further study.
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Old 03-14-2006, 08:27 AM   #14
 
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It is old news that since my last update the ports deal has failed. Debate over.
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Old 04-15-2006, 12:18 PM   #15
 
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Quote:
Originally Posted by =~ohura~=
It is old news that since my last update the ports deal has failed. Debate over.
probably for the best
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