Friday, February 17, 2006

Outsourcing our Security now.....

Lawmakers Urge Greater Review of UAE Firm's Deal to Run Six U.S. Ports
Friday, February 17, 2006
By Sharon Kehnemui Liss
STORES

WASHINGTON — Questioning the United Arab Emirates' track record in the War on Terror, seven U.S. lawmakers said Thursday they want a committee led by Treasury Secretary John Snow to thoroughly review a deal that would let a UAE-based firm run six major U.S. ports.
"We're calling for the full six-week investigation. It's a serious investigation and the reason why this is critical is while maybe there's nothing wrong with this company, how do we know they're not infiltrated?" asked Sen. Chuck Schumer, D-N.Y. "The United Arab Emirates has had people involved in terrorism. In fact, some of its financial institutions laundered the money for the (Sept, 11) terrorists. And to just blithely go ahead and treat this as another economic transaction is all wrong."
Currently, London-based Peninsular and Oriental Steam Navigation Co., the fourth largest port operator in the world, runs the six ports. But the $6.8 million sale of P&O to UAE-owned Dubai Ports World (DPW) would effectively turn over North American operations to the government-owned company in Dubai.
If the approval is unchallenged, Dubai Ports World would run the ports of New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
On Monday, the U.S. Committee on Foreign Investment in the United States (CFIUS), chaired by Snow, approved the P&O sale. The committee conducted a 30-day review, according to lawmakers

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