Dubai Dubai-Doo

From Holden:

Strangers in the night, exchanging contracts

The Dubai firm that won Bush administration backing to run six U.S. ports has at least two ties to the White House.

One is Treasury Secretary John Snow, whose department heads the federal panel that signed off on the $6.8 billion sale of an English company to government-owned Dubai Ports World – giving it control of Manhattan’s cruise ship terminal and Newark’s container port.

Snow was chairman of the CSX rail firm that sold its own international port operations to DP World for $1.15 billion in 2004, the year after Snow left for President Bush’s cabinet.

The other connection is David Sanborn, who runs DP World’s European and Latin American operations and who was tapped by Bush last month to head the U.S. Maritime Administration.

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Snow’s Treasury Department runs the Committee on Foreign Investment in the U.S., which includes 11 other agencies.

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The New York Daily News has learned that lawmakers also want to know if a detailed 45-day investigation should have been conducted instead of one that lasted no more than 25 days.

According to a 1993 congressional measure, the longer review is mandated when the company is owned by a foreign government and the purchase “could result in control of a person engaged in interstate commerce in the U.S. that could affect the national security of the U.S.”