The sheik behind the port deal (its about the global economy stupid)

[rodeodance]

http://www.chicagotribune.com/news/nationworld/chi-0602260433feb26,1,479377.story?coll=chi-news-hed&ctrack=1&cset=true

The sheik behind the port deal

Economists, international experts say the backlash is rooted in anxiety that the U.S. is losing its top spot in the global economy, not in fear of terrorism

By Susan Chandler and Stephen Franklin, Tribune staff reporters. Tribune reporters Ameet Sachdev, Thomas A. Corfman, Becky Yerak, James P. Miller and Mike Hughlett, and The Associated Press contribute
Published February 26, 2006

He is an acclaimed poet. He is a world-class equestrian who favors endurance racing. He is an ardent believer in economic development from a country with close U.S. ties, a man who has built amazing hotels, shopping centers and office towers, transforming his tiny city-state into an international finance center and playground for jet-setters.

With his existing investments in U.S. hotels, Sun Belt apartments and health-care facilities, Dubai ruler Sheik Mohammed bin Rashid al-Maktoum doesn't seem like the kind of foreign investor who would create a political uproar on Capitol Hill. But a proposed $6.8 billion deal by a state-owned Dubai company to take over operations at six U.S. ports has done exactly that.

Those who oppose the deal say they are concerned about U.S. security.

In fact, the Homeland Security Department objected at first to the deal and relented only when the company, Dubai Ports World, later agreed to security restrictions........

[leftchick]

1. cute isn't he?

[havocmom]

2. What exactly does 'global economy' mean?

Besides: Rich guys and corporations do what they damn well want. National laws, security issues, local resource ownership, worker protection and environmental regulations which get in their way are null and void.

Seems odd that the US party which was loudest in their proclamations for states' rights are the biggest promoters in policy which destroys NATION rights! How does the enabling of the few to control the world fit in with the alleged 'Democracy is on the march!' meme?