CNN's lead story this evening had to do with what was misleadingly referred to as "Arab-controled" port security. Boy, what a photo-op. Pols from both parties are competing to have their muggs on the evening news as they pontificate about terrorism, security and such. Statue of Liberty in the background, already. Gimme a break.
No reader of this blog will accuse me of being pro-administration, but in this case the boss is probably right. I have been reading another blog that has earned more credibility in my eyes than, in this case, the U.S. Congress. (That's not too hard, come to think of it considering some of the duplicitous moves to their credit.) Aqoul is a group blog made up of some very savy people who apparently pay the rent by dealing with businesses in North Africa and the Middle East. To each his own. I love the fine print posted here...
Finally: none of the comrade authors here at 'Aqoul have any direct interest in DPW, nor are any of the comrade authors agents of or associated with DPW or P&O. The present author, "The Lounsbury" is in fact a businessman involved in MENA region affaires, but does not work in the transport sector and has never been directly involved with DPW or any of its affiliates. The sole interest of 'Aqoul's comrade authors is in free markets, liberal economics, and fighting the gross ignorance that characterises so much Western commentary about the MENA region (and to an extent, vice versa).Please take a moment to read what The Lounsbury says about the newsbite du jour. Take a look at a few sober realities as ticked off by someone who seems to know...
***The transaction is private, P&O is being bought out as a private entity.
***DPW is a corporation, not a government agency.
***The US ports “coming under control” of DPW with the P&O acquisition are private assets (management leases of port assets with local authorities).
***The control of security will remain with US Gov authorities and Port staffing will be American (obviously).
***DPW / P&O is not the sole owner of the all ports in question. NY/NJ is only 50 percent owned in a joint-venture with P. Møller-Mærsk (formerly Royal P&O Nedlloyd, branded as Mærsk ) on a 30-year lease with the Port Authority of New York and New Jersey to operate the 180-acre container terminal in Port Newark, New Jersey; Miama is a joint-venture as well.
***Despite much loose guilt by association talk, no UAE or Dubai governmental involvement has ever been shown with respect al-Qaeda/anti-Western activities.
The comments are an interesting thread as well. There's more, but that's enough to make me want to change the channel and look for some real news. Maybe like who's gonna be the next American Idol or something important.
For sheer entertainment, tune in to this other post on the same topic and follow the comments thread.
The opening scene is a visit to chez Pamela Leavey. A sweet, high-minded neolib keeping an eye on the neocons is certain that where there is bipartisan smoke there must be a fire. Little did she suspect a nest of folks whose day jobs are at or near the scene of the fire don't have the same take on the matter as anyone here in North America, Left or Right.
Despite a couple of (failed) efforts at civility the whole thread fades to a mud-wrestling scene. Better than WWF...or American Idol,