UAE PORT DEAL TIMELINE!!!
The following timeline maps out the series of events leading up to the purchase of the British firm P&O by the United Arab Emerates (UAE) - based DP world:
September 21, 2005 - The United Arab Emirates sends $100 million in aid to the United States to help the victims of Hurricane Katrina, four weeks before the ports deal.
October 2005 - London-based P&O is approached with a buyout offer, does not disclose suitor
November 29, 2005 - P&O announces agreement to be bought by DP World International for $5.7 billion
January 2006 - PSA (Port of Singapore Authority) International offers contesting bid for P&O
January 26, 2006 - DP World outbids Port of Singapore for P&O
February 10, 2006 - Port of Singapore drops out of bidding for P&O
February 10, 2006 - DP World wins P&O with bid of $6.8 billion
February 15, 2006 - Bipartisan group of lawmakers from House and Senate call on administration to open broader review of Dubai Ports deal
February 17, 2006 - Sens. Hillary Clinton, D-New York, and Robert Menendez, D-New Jersey, announce plan to introduce legislation blocking sale.
February 18, 2006 - Rep. Frank LoBiondo, R-New Jersey, promises legislation to require U.S. citizenship of port security officials
February 19, 2006 - Homeland Security Secretary Michael Chertoff defends the deal
February 21, 2006 - Senate Majority Leader Bill Frist, R-Tennessee, and House Speaker Dennis Hastert, R-Illinois, among lawmakers calling for the administration to stop the deal; Frist promises legislation
February 21, 2006 - President Bush vows veto of any legislation blocking deal
February 23, 2006 - DP World and the White House agree to delay the ports deal, to give the president more time to convince members of Congress there is no threat to national security
March 2, 2006 - Britain's High Court tentatively approves DP World's takeover of Britain's P&O, giving the company the rights to run operations at six key U.S. ports
March 6, 2006 - London High Court refuses appeal by U.S. ports operator Eller & Co. over the DP World takeover of P&O
March 6, 2006 - Congressman Peter King, R-New York, sends new compromise proposal to the White House. It suggests DP World sub-contract operations of the ports to U.S. companies.
March 7, 2006 - Sultan Bin Sulayem, Chairman of DP world, told CNN's Wolf Blitzer that he was absolutely confident that the deal would go through!
It seems this deal was underway for quite awhile before WE got wind of it!!
Kind of makes you wonder what else is going on behind our backs!!!
***On a side note: Did you know that 80% of US port operations are conducted by foreign companys??....Funny how none of us, "we the people", seemed to know that until this UAE deal came to light!!!
And LESS than 5% of ALL cargo containers are inspected upon entry into US ports!!!..... Scarey thought ain't it!!!!!
***Also note that all this started AFTER the UAE gave $100 million to the Katrina fund (which is more than all other countries contributed all together).
I think we are being bought and paid for!!!.
September 21, 2005 - The United Arab Emirates sends $100 million in aid to the United States to help the victims of Hurricane Katrina, four weeks before the ports deal.
October 2005 - London-based P&O is approached with a buyout offer, does not disclose suitor
November 29, 2005 - P&O announces agreement to be bought by DP World International for $5.7 billion
January 2006 - PSA (Port of Singapore Authority) International offers contesting bid for P&O
January 26, 2006 - DP World outbids Port of Singapore for P&O
February 10, 2006 - Port of Singapore drops out of bidding for P&O
February 10, 2006 - DP World wins P&O with bid of $6.8 billion
February 15, 2006 - Bipartisan group of lawmakers from House and Senate call on administration to open broader review of Dubai Ports deal
February 17, 2006 - Sens. Hillary Clinton, D-New York, and Robert Menendez, D-New Jersey, announce plan to introduce legislation blocking sale.
February 18, 2006 - Rep. Frank LoBiondo, R-New Jersey, promises legislation to require U.S. citizenship of port security officials
February 19, 2006 - Homeland Security Secretary Michael Chertoff defends the deal
February 21, 2006 - Senate Majority Leader Bill Frist, R-Tennessee, and House Speaker Dennis Hastert, R-Illinois, among lawmakers calling for the administration to stop the deal; Frist promises legislation
February 21, 2006 - President Bush vows veto of any legislation blocking deal
February 23, 2006 - DP World and the White House agree to delay the ports deal, to give the president more time to convince members of Congress there is no threat to national security
March 2, 2006 - Britain's High Court tentatively approves DP World's takeover of Britain's P&O, giving the company the rights to run operations at six key U.S. ports
March 6, 2006 - London High Court refuses appeal by U.S. ports operator Eller & Co. over the DP World takeover of P&O
March 6, 2006 - Congressman Peter King, R-New York, sends new compromise proposal to the White House. It suggests DP World sub-contract operations of the ports to U.S. companies.
March 7, 2006 - Sultan Bin Sulayem, Chairman of DP world, told CNN's Wolf Blitzer that he was absolutely confident that the deal would go through!
It seems this deal was underway for quite awhile before WE got wind of it!!
Kind of makes you wonder what else is going on behind our backs!!!
***On a side note: Did you know that 80% of US port operations are conducted by foreign companys??....Funny how none of us, "we the people", seemed to know that until this UAE deal came to light!!!
And LESS than 5% of ALL cargo containers are inspected upon entry into US ports!!!..... Scarey thought ain't it!!!!!
***Also note that all this started AFTER the UAE gave $100 million to the Katrina fund (which is more than all other countries contributed all together).
I think we are being bought and paid for!!!.
posted by loki at 4:02 PM
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