US ports deal madness

chron.com: A Dubai company's offer to delay taking control of terminal operations at six U.S. ports, combined with aggressive White House lobbying, has tempered a rush by congressional GOP leaders for quick action next week to block the $6.8 billion transaction that has triggered a political furor.

Speaker Dennis Hastert, R-Ill., is set to meet Tuesday with House GOP leaders to discuss the chamber's next move, while aides to Senate Majority Leader Bill Frist, R-Tenn., said he will wait to be briefed by the company before taking a stand.

Hastert and Frist both had issued strong statements of concern about national security in the wake of Dubai Ports World's acquisition of the London-based Peninsular and Oriental Steam Navigation Co. and its terminal operations at six major U.S. ports in New York, New Jersey, Philadelphia, Baltimore, Miami and New Orleans. Read more

db: Of course it should go without saying that we are delighted to observe this latest problem unfold for Bush ... but really, it is utter bollocks isn't it? The American psychosis is getting worse - when does the boycott of US based Arab businesses commence? And Kristallnacht? Blame it on the prez.