Arab Port Deal Distorted for Political Gain (tags)
Recently, 8,600 U.S. companies have been taken over by foreign ownership, while 20 percent of all U.S. assets are held by foreigners. The politicians were silent. Now, a United Arab Emirates’ enterprise will soon be operating stevedoring companies in six U.S. ports, including Baltimore’s. Its Mayor, Martin O’Malley, almost broke a blood vessel complaining. However, he didn’t say a word while the preceding British outfit was doing the work. Go figure!