Thursday, March 09, 2006
There's a lot of coverage (see Junkyard Blog, here, for "Dubai Yields") of the United Emirate's decision to divest itself of its American holdings. What no one seems to be paying attention to is that the deal violates our agreement with Israel not to do business with companies that are owned by states which embargo trade with Israel.
The UAE has been doing just that for a long time: Israel is not on their list of trade buddies.
So, here we have just one more oversight of that Committee in charge of vetting foreign investments in this country.
What is wrong with Washington? Never mind -- that list is too long. Better question: what is it doing right lately?
As for DPW's decision to get out of Dodge: while late is better than never, they lost some advantage in waiting so long. It must have been a lucrative deal for them to try to wait it out...wouldn't you love to know the real story?
Hey, somebody, call Claudia Rosett; put her on this sorry mess.
Posted by Dymphna at 3/09/2006 04:49:00 PM