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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: AK2004 who wrote (276345)2/24/2006 12:26:23 AM
From: Jim McMannis  Respond to of 1572551
 
UAE Company Agrees to Delay Ports Takeover By LIZ SIDOTI, Associated Press Writer
1 hour, 26 minutes ago

WASHINGTON - A United Arab Emirates company offered Thursday to delay part of its $6.8 billion takeover of most operations at six U.S. ports to give the Bush administration more time to convince skeptical lawmakers the deal poses no security risks.

The surprise announcement relieves some pressure from a standoff between President Bush and the Republican-controlled Congress, which has threatened to block the deal because of the UAE's purported ties to terrorism.

Under the offer coordinated with the White House, Dubai Ports World said it will agree not to exercise control or influence the management over U.S. ports pending further talks with the Bush administration and Congress. It did not indicate how long it will wait for these discussions to take place.

The company said it will move forward with other parts of the deal affecting the rest of the world.

"It is not only unreasonable but also impractical to suggest that the closing of this entire global transaction should be delayed," Dubai Ports said in a statement.

"The reaction in the United States has occurred in no other country in the world," the company's chief operating officer, Ted Bilkey, said in a statement. "We need to understand the concerns of the people in the U.S. who are worried about this transaction and make sure that they are addressed to the benefit of all parties. Security is everybody's business."

The announcement came as the political furor persisted over the deal, which was supposed to be completed in early March. Concerned about national security implications, Democrats pushed Thursday for a new 45-day investigation into the business transaction.

The delay did not appease some of the deal's harshest critics.

"If the president were to voluntarily institute the review and delay the contract that would obviate the need for our legislation, but a simple cooling-off period will not allay our concerns," said Sen. Charles Schumer (news, bio, voting record), D-N.Y.



To: AK2004 who wrote (276345)2/24/2006 3:58:32 PM
From: tejek  Read Replies (2) | Respond to of 1572551
 
Nobel Laureates Join Call to End Iraq Occupation

Niko Kyriakou
OneWorld US
Fri., Feb. 24, 2006

SAN FRANCISCO, Feb 24 (OneWorld) - Three Nobel laureates are throwing their weight behind an international coalition in demanding the withdrawal of U.S. troops from Iraq and calling on the public to protest the occupation by taking part in nonviolent lawbreaking at U.S. military bases.

Joining the Global Call to Action coalition are Northern Ireland's Mairead Corrigan Maguire, who shared the 1976 peace prize, Britain's Harold Pinter, who won the 2005 literature prize, and Argentina's Adolfo Perez Esquivel, winner of the 1980 literature prize.

continued.............

us.oneworld.net