Greek soldier
03-10-2006, 08:51 AM
By Rupert Cornwell in Washington
Published: 10 March 2006
In a stinging reverse to President George Bush, an Arab-owned company has bowed to overwhelming opposition in Congress and dropped its plan, previously strongly backed by the White House, to run six major US ports.
The announcement by Dubai Ports World (DPW) came hours after top Congressional Republican leaders told Mr Bush yesterday that the deal was heading for certain defeat in the House of Representatives and the Senate.
The private meeting took place almost at the very moment that the White House spokesman Scott McClellan was reiterating that the President would veto any bill that barred the take-over - where management of the ports would pass from Britain's P&0 into the hands of DPW, controlled by the government of the United Arab Emirates.
Continues... (http://news.independent.co.uk/world/americas/article350373.ece)
"Daddy, what is called that?"
"Protectionism, my boy. Something that Americans accuse Europe for..."
Published: 10 March 2006
In a stinging reverse to President George Bush, an Arab-owned company has bowed to overwhelming opposition in Congress and dropped its plan, previously strongly backed by the White House, to run six major US ports.
The announcement by Dubai Ports World (DPW) came hours after top Congressional Republican leaders told Mr Bush yesterday that the deal was heading for certain defeat in the House of Representatives and the Senate.
The private meeting took place almost at the very moment that the White House spokesman Scott McClellan was reiterating that the President would veto any bill that barred the take-over - where management of the ports would pass from Britain's P&0 into the hands of DPW, controlled by the government of the United Arab Emirates.
Continues... (http://news.independent.co.uk/world/americas/article350373.ece)
"Daddy, what is called that?"
"Protectionism, my boy. Something that Americans accuse Europe for..."