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Ref. : Local Newsbriefs
Ref. : Letters to the editor
03.05 Open Letter to Congressman Bart Stupak
Video National Health Care Systems In Other Countries
03.20 The Death of American Populism
03.18 Pressure Drop: Brave Sir Dennis Ran Away
03.12 Slick Barry and the $100-Billion Medicaid/Medicare Fraud Claim
03.09 Kill Bill: Death to Obamacare!
03.09 Obama’s Rhetoric May Be “Fiery,” But His Health Care Reform Is Still Lukewarm
03.17 CNN Scrapes Bottom of Right-Wing Barrel With Erickson Hire
03.16 WPost Blames Obama First, on Israel
03.16 Letter to the New York Times' Editor: Stovepiping To Persia
03.12 Cud and Complicity: Burying the Alternatives to Empire's Dominion
03.11 NYT and the ACORN Hoax
03.05 Sorry, Rove, Bush Did Lie About Iraq
03.03 It's Snow News
03.03 The Woeful Washington Post
Ref. : The Daily Howler
02.26 America's Supremes: Court Over Constitution
03.11 Power Rangers: Policing the System With the "Fightin' Progressives"
03.09 Thinking About Countings
03.07 Unnatural Acts: Breaking the Fever of Militarism
02.25 Future Shock: A Better World Beyond the Imperium
03.19 Israel's Troubling Tilt Toward Apartheid
03.18 The Lawfare Project's Anti-Democratic Agenda
03.16 America's Secret Prisons
03.13 Palestinian Dispossession in East Jerusalem
03.12 Israeli Settlement Expansions Continue
03.11 Brutalizing Palestinian Children
03.08 The Russell Tribunal on Palestine: Barcelona Session
03.05 Targeting Israeli Apartheid
03.01 America's Permanent War Agenda
02.25 Global Sweatshop Wage Slavery
03.19 The Growing Movement For Publicly-Owned Banks
03.19 America's "Houdini Recovery" under IMF-Type Austerity
03.14 The Crisis in America's Telecommunications Network
03.09 The Business of Water: Privatizing An Essential Resource
03.05 Is the Recovery Real?
03.04 IMF-Style Austerity Measures come to America: What “Fiscal Responsibility” Means To You
03.04 Barry C. Lynn's "Cornered: The New Monopoly Capitalism and Economics of Destruction"
03.01 Thinking About Fees
03.15 Peace Process Hypocrisy: Stillborn from Inception
03.03 Muslim Disunity
03.02 Funding Israeli Militarism, Belligerence and Occupation
02.26 Iran Captures a 'Good' Terrorist
COMMENTARY:
Bush Approves Sale of US Military Parts Suppliers to UAE Government
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."
"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 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."
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This story was published on May 1, 2006.
