*** This article will appear in the next issue of the Mendota Beacon ***
Good morning, class. Today’s one question pop quiz deals with the topic of port security and the bid for a United Arab Emirates company to purchase the British company that currently operates six United States ports. The question is; what does this deal have to do with
There is no question that the case involving the $6.8 billion takeover of London-based port-operator Peninsular & Oriental Steam Navigation Co. (P&O) by state-owned Dubai Ports World (DPW) has aroused a vitriolic reaction from both sides of the aisle. The opponents of this deal are saying that it puts unnecessary risk on port security in a time when our number one priority is the safety of American airports and shipping ports. Supporters of the deal, led by President Bush, argue conversely that the DPW-operated ports would run just as smoothly and safely as the same ports have under P&O operation. More recently, the tide of the debate has shifted to a matter of whether or not this administration knows what it is agreeing to in the deal, and thus the takeover has been delayed at the request of DPW corporate brass.
What one must understand is the extreme patience that DPW has shown through this whole process. The takeover of P&O will transfer operation of ports not only in the
Let us quickly analyze the role played by the
It is really quite simple;