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![]() "thunder" wrote in message ... On Tue, 21 Feb 2006 09:22:59 -0800, chuckgould.chuck wrote: The Bush family has a long history of being extremely, (and extremely profitably) involved in financial dealings with powerful mideastern and Arab interests While I question Arab ownership of port operations, more importantly, I question *any* foreign ownership of port operations. While Arab ownership is new, the foreign ownership is not. These ports have been run by British based P&O for years. If you need a memory refresher, as I did, P&O was involved with the Herald of Free Enterprise disaster. The resultant coroner's inquest charged P&O with "corporate manslaughter" and the public inquiry stated that P&O possessed a "disease of sloppiness" that permeated the companies hierarchy. That's the company that has been in charge of our port "security". God help us. http://en.wikipedia.org/wiki/Peninsu...gation_Company P&O was not in charge of Port Security. they leased the port facilities. The Security is still under the CG. May not be good security, but the foreign company is not the security. Do not think it is wise to give a major money making operation to a foreign company to run. Especially one paid for by the USA. Worst one was Port of Long Beach naval yards. Leased to COSCO China Overseas company. An arm of the Chinese military. And the administration in charge at the time leased it for about $245 million over the length of the contract with the provisos that the Government would put $235 million in to upgrades. Nice deal if you can get it. |
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