Thursday, February 23, 2006

You Can't Make This Stuff Up ...

The Bush administration signed off on transferring control of six U.S. ports to a United Arab Emirates-owned firm, Dubai Ports World, after it was approved by the Committee on Foreign Investment in the United States, reports the Philadelphia Inquirer.

The interagency committee is headed by Treasury Secretary John Snow. The New York Daily News notes that Snow's former employer, the CSX rail firm, sold its own international port operations in 2004 to -- you guessed it -- Dubai Ports World.

Of course, Snow had already joined the Bush Administration when the CSX-Dubai Ports deal was done. "I learned of this transaction probably the same way that members of the Senate did -- by reading about it in the newspapers," he told reporters yesterday.

Still, should the connection between Snow and Dubai Ports be ignored?

"It always raises flags" when administration officials have ties to a firm, Rep. Vito Fossella (R-NY) told the Daily News.

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