More on Dubai

This is from Lou Dobbs program:

DOBBS: President Bush's family and members of the Bush administration have
long-standing business connections with the United Arab Emirates, and those
connections are raising new concerns and questions tonight in some quarters
about why the president is defying his very own party leadership and his
party in defending the Dubai port deal.
CHRISTINE ROMANS: The oil-rich United Arab Emirates is a major investor in
The Carlyle Group, the private equity investment firm where President Bush's
father once served as senior adviser and is a who's who of former high-level
government officials. Just last year, Dubai International Capital, a
government-backed buyout firm, invested in an $8 billion Carlyle fund.

Another family connection, the president's brother, Neil Bush, has
reportedly received funding for his educational software company from the
UAE investors. A call to his company was not returned.

Then there is the cabinet connection. Treasury Secretary John Snow was
chairman of railroad company CSX/. After he left the company for the White
House, CSX sold its international port operations to Dubai Ports World for
more than a billion dollars.

In Connecticut today, Snow told reporters he had no knowledge of that CSX
sale. "I learned of this transaction probably the same way members of the
Senate did, by reading about it in the newspapers."

Another administration connection, President Bush chose a Dubai Ports World
executive to head the U.S. Maritime Administration. David Sanborn, the
former director of Dubai Ports' European and Latin American operations, he
was tapped just last month to lead the agency that oversees U.S. port
operations.
--
Sue -- Firefighter mom -- Still Rabid UW Dawg Fan!
(to reply send to medlawtrans@xxxxxxxxxxx)


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