Ports Deal to Close by Monday?
A Bush official claims that the Dubai ports deal will close Friday or Monday, despite a 45-day review by the U.S. government. Uhhh, can anyone help us figure this one out? It seems ludicrous, but then again, so was Bush's immediate response to Sept. 11.Reuters
:
WASHINGTON – Dubai Ports World’s $6.85 billion acquisition of Britain’s P&O will close on Friday or Monday, despite an additional 45-day review by the U.S. government in response to security concerns, a U.S. Treasury Department official said on Thursday.
“My understanding is that the deal will not close today,” Deputy Treasury Secretary Robert Kimmitt told a Senate panel. “Although they had announced March 2 as the closing date … that deal will not now close until tomorrow or Monday.”
Truthdig says: Uhhh, can anyone help us figure this one out? It seems ludicrous, but then again, so was Bush’s immediate response to Sept. 11.
Dig, Root, GrowThis year, we’re all on shaky ground, and the need for independent journalism has never been greater. A new administration is openly attacking free press — and the stakes couldn’t be higher.
Your support is more than a donation. It helps us dig deeper into hidden truths, root out corruption and misinformation, and grow an informed, resilient community.
Independent journalism like Truthdig doesn't just report the news — it helps cultivate a better future.
Your tax-deductible gift powers fearless reporting and uncompromising analysis. Together, we can protect democracy and expose the stories that must be told.
This spring, stand with our journalists.
Dig. Root. Grow. Cultivate a better future.
Donate today.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.