http://www.hereinreality.com/likashing.htmlExcerpt:
Li Ka-shing: New Ruler of the Information Superhighway
Global Crossing, Enron's evil twin, is about to be "rescued" by a Chinese billionaire with ties to the People's Liberation Army.
Why not? He already controls the Panama Canal. Will it threaten national security to have a Chinese company controlling the fiber-optic network our defense department uses to communicate and store data?
That's something we should be asking.
In 1999, several Republicans on Capitol Hill were worried about the fact that the Panama Canal had fallen into the hands of the Chinese. After almost 100 years of US control of this vital port for moving goods and troops around the world, the time had come to withdraw our troops and give the canal back to Panama. By that time, Panama had already leased the ports at both ends of the canal to a Hong Kong company owned by Chinese billionaire Li Ka-shing in a deal many considered to be underhanded.
By that time, too, control of Hong Kong was returned from the British government to the People's Republic of China, making the Li Ka-shing's company a Chinese company.
It made Trent Lott and a few others nervous, as it had in 1997 when Hutchison-Whampoa, Li Ka-shing's company, originally sought to control the ports. That year Lott wrote a letter to Secretary of Defense William Cohen saying, "U.S. naval ships will be at the mercy of Chinese-controlled pilots and could even be denied passage through the Panama Canal by Hutchinson, an arm of the People's Liberation Army." Moreover, "the Chinese Communist Party will gain an intelligence information advantage...."
Nancy Dorn Lott and Congressman Dana Rohrabacher (R-CA) fought vocally against the lease of the ports, but Li Ka-shing had one important thing going for him, a lobbyist named Nancy Dorn from Texas. This seasoned foreign agent had been a Defense Department official under Ronald Reagan and was Assistant Secretary of the Army (Civil) under George Bush, Sr. Her responsibilities included matters associated with the Panama Canal Commission With Li's bankroll and Nancy's experience, she easily convinced Congress that Hutchison-Whampoa would be no threat to commerce or national security and the company secured a 25-year renewable lease.
Incidentally, Nancy Dorn now holds the job of Deputy Director of the Office of Management and Budget, appointed by President Bush in December and confirmed in February. Her job responsibilities are "the preparation, management and administration of the federal budget."