Dubai Ports World Agrees to Delay Ports Takeover

[kerrygoddess]

Dubai Ports World Agrees to Delay Ports Takeover
February 23rd, 2006 @ 9:23 pm

{snip}
Dubai Ports World has offered to delay “part of its $6.8 billion takeover of most operations at six U.S. ports” to give the Bush administration more time to try convince skeptical lawmakers and the American public that the deal poses no security risks, as the Bush administration claims. Earlier today Karl Rove hinted in an interview with Fox News that Bush might “accept a slight delay in implementing” the takeover. This let’s him off the hook for making his own decision…

{snip}
The announcement of the delay did not appease all of the deal’s critics. Senator Chuck Schumer who was among the first to speak out against the deal said, “If the president were to voluntarily institute the review and delay the contract that would obviate the need for our legislation, but a simple cooling-off period will not allay our concerns.”

MORE & LINKS - http://blog.thedemocraticdaily.com/?p=2045

[tuvor]

1. Obviously, Karl's fax got through to DPW.