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10.17 Could carbon-capture technology be a silver bullet to stop climate change?

10.17 So many animals will go extinct in the next 50 years that it will take Earth at least 3 million years to recover, a study has found

10.16 Can We Go Electric Before It’s Too Late?

10.16 'I leave the car at home': how free buses are revolutionising one French city [with electric or hydrogen buses the cities can be much less polluted and cleaner with far fewer cars]

10.16 Why Public Transportation Works Better Outside the U.S.

10.16 Scottish Power shifts to 100% wind generation after £700m Drax sale

10.16 Australia should be 'exporting sunshine, not coal', economist Jeffrey Sachs tells Q&A

10.15 'It'll change back': Trump says climate change not a hoax, but denies lasting impact [1:10 video; comfortable in his willful ignorance and denial, catastropic effects will be sooner and greater for doing nothing]

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10.16 The Growth of Sinclair’s Conservative Media Empire [Distorting news and issues "analysis" almost completely where cable and Internet are least available]

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10.18 Are You Kidding Me?' Outrage as Democrats Push 'Incremental Steps' Over Bold Agenda Needed to Save Planet from Climate Catastrophe [Neoliberals still control Democratic Party leadership...]

10.18 Republicans are ramming through more judges — by holding hearings when everyone is out of town

10.18 Trump says selling weapons to Saudi Arabia will create a lot of jobs. That’s not true.

10.18 Republicans were supposed to run on their tax cuts. Instead, they’re running away from them.

10.18 The new Republican midterm strategy is to copy Democratic ideas

10.18 Beto O’Rourke shows Democrats how to talk about climate change

10.18 The Democrats’ Incredible Shrinking Message

10.18 'Lives Hang in the Balance': 21 Days Before Midterms, McConnell Admits GOP Still Salivating to Gut Medicare and Social Security

10.17 Republican lawmakers react to the IPCC report – ‘we have scientists’ too!

10.16 The biggest political problem in America, explained in one chart

10.16 GOP plan to get Americans off food stamps puts 4 million children and seniors at risk [What would Jesus say?]

10.15  3,121 desperate journeys  Exposing a week of chaos under Trump's zero tolerance

10.15 We need tax police – and they should go after the likes of Donald Trump [growing the mafia-state; to the extent allowed all tax evaded results in additional debt or taxes on honest citizens]

10.14 Goodbye, Political Spin, Hello Blatant Lies

10.14 NEARLY EVERY MEMBER OF THE CONGRESSIONAL PROGRESSIVE CAUCUS STILL TAKES CORPORATE PAC MONEY

10.13 With Campaign Only 'Powered by People,' Beto O'Rourke Shatters All-Time Senate Fundraising Record With $38 Million Haul [nullifying Citizens United—that empowers corporations and the super-rich—with a pledged commitment returns democracy powered by the people!]

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10.18 Is Fraud Part of the Trump Organization’s Business Model? [Obviously!]

High Crimes?

10.18 Nicaragua used 'weapons of war' to kill protesters, says Amnesty International [why refugee immigrants rightly see jail in the US as an improvement]

10.18 How We Can End the Saudis’ War in Yemen [There is NO EXCUSE for War Crimes]

10.12 Israel’s Illegal Blockade of Palestinian Civilians in Gaza has doubled Unemployment to 50% [5:51 video]

10.12 Trump Says Murder Shouldn’t Stop Saudi Weapon Sales Because ‘We Have Jobs’ [Morals and laws be damned! Trump grows his mafia-state for patron and personal profit]

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10.17 Britain fell for a neoliberal con trick – even the IMF says so

10.11 Climate change will make the next global crash the worst

International & Futurism

10.18 Audio Offers Gruesome Details of Jamal Khashoggi Killing, Turkish Official Says

10.18 Khashoggi Is The Tip Of The Bloody Iceberg: 10 More Reasons to Cut the US-Saudi Alliance

10.17 US-China tensions soar as 'new cold war' heats up [the world needs mutually-beneficial moral friendships among nations, not high-risk emotional outbursts]

10.17 US-China tensions soar as 'new cold war' heats up

10.17 Jamal Khashoggi: gory reports of killing emerge as Pompeo meets Erdogan [What explains Trump's opinion and behavior?]

10.16 Our leaders are destroying our future. Wentworth must be a referendum on climate change

10.16 Tax evasion: blacklist of 21 countries with 'golden passport' schemes published [mafia-states are increasing and growing, threatening financial health of non-mafia states where tax evaded becomes additional debt or taxes on honest citizens]

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  Bush Approves Sale of US Military Parts Suppliers to UAE Government

COMMENTARY:

Bush Approves Sale of US Military Parts Suppliers to UAE Government

by Chip Yost
Dubai International Capital LLC (which is owned by the UAE) lists both the Carlyle Group and Kravis Roberts & Co. (KKR) as co-investments.
Outgoing White House Press Secretary Scott "Scottie" McClellan announced Friday that George W. Bush approved the sale of 9 US defense-related production plants to Dubai International Capital, owned by the government of the United Arab Emirates, in a $1.24 billion takeover of the British firm Doncasters Group Ltd. Among the plants sold is the sole supplier of turbine fan parts for the US military's Abrams tank fans.

Since "...the plants make turbine blades for tanks and aircraft, the deal was reviewed by the Committee on Foreign Investment in the U.S., which sent it on to Bush for a decision, a step used only when the potential security risks or political considerations are particularly acute," according to CBS' Market Watch. "...One official who was briefed on the Doncasters transaction said there would be provisions in the agreement protecting American military secrets. But it was unclear whether that would satisfy Congressional objections."

While reporting on the Dubai Ports deal, CBS News political analyst Gloria Borger noted that the Committee on Foreign Investments (CFIUS), "is not run by high-level cabinet members listed on its Web site. Instead they usually rubber-stamp decisions made by staffers."

"The committee almost never met, and when it deliberated it was usually at a fairly low bureaucratic level," Richard Perle said. Perle, who has worked for the Reagan, Clinton and both Bush administrations added, "I think it's a bit of a joke."

"The formal CFIUS review is not the most important element in the approval process. CFIUS does not require unanimity among all the agencies involved, but a disputed decision to approve a sale would be escalated to the cabinet level or to the President for appeal....In 1993, Congress amended Exon-Florio to require foreign, government-controlled companies to obtain CFIUS approval before acquiring U.S. companies when the foreign purchaser is 'controlled by or acting on behalf of a foreign government' and the acquisition 'could result in control of a person engaged in interstate commerce in the U.S. that could affect the national security of the United States."

Established in 2004, Dubai International Capital LLC. [DIC] is a Dubai-based international investment company owned by the government of the United Arab Emirates that primarily focuses on private equity. The deal was originally announced by DIC.

Dubai International Capital LLC lists both the Carlyle Group and Kravis Roberts & Co. (KKR) as co-investments.

George H.W. Bush (41), former U.S. President, was a Senior Advisor to the Carlyle Asia Advisory Board from April 1998 to October 2003, almost two years after his son took office.

Among its various military projects, the Carlyle Group is, through its various investments, a major contractor for the US Missile Defense System, which has been expedited by the Bush Administration prior to its being fully tested. The system is the single costliest defense budget item for the current budget year.
George W. Bush (43) was on the board of directors from 1990-1992 of a Carlyle investment gone bad (Caterair), which was later sold at a loss. Then as Governor of Texas, Bush appointed several persons to the board of Texas teachers' pension funds, which later decided to invest $100 million dollars of public money in the Carlyle Group.

Among the Carlyle Group notables are: current Secretary of the Treasury and chairman of CFIUS John W. Snow; former Secretary of State Colin Powell; and former Secretary of State and 2000 Bush campaign advisor James Baker III.

According to Doncasters, "This investment follows a series of strategic, value-driven investments by DIC"--Dubai International Capital – including "a US$1 billion investment in DaimlerChrysler."


Chip Yost is a progressive activist who can be read daily on Chip's blog.

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Copyright © 2006 The Baltimore Chronicle. All rights reserved.

Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.

This story was published on May 1, 2006.

 

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