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FOR SALE- UNITED STATES OF AMERICA

A

Anonymous

Guest
Yesterday at the coffee shop and the waterhole the talk was of the guy Paul Harvey was talking about--that had put his country of Belgium up for sale on E-Bay, because of the huge debt they were accumulating (another fine failure of the EU)...

Now today they were all wondering if GW was putting up
Code:
FOR SALE--United States of America
signs all over China and the Arab world :???:
I argued against that idea- saying he was too busy putting up
Code:
CHEAP HELP WANTED-No one Refused
signs along the Mexican border and helping the Mexican government hand out videos and pamphlets showing them how to sneak across :wink: :lol: :( :( :mad:

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HOMELAND INSECURITY
Dubai buys 20% of Nasdaq
Arab ownership of U.S. stock exchange raises flag in Congress
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Posted: September 20, 2007
4:14 p.m. Eastern


By Jerome R. Corsi
© 2007 WorldNetDaily.com



In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress.

As a result of the transaction, Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world.


The transaction is being made through Borse Dubai, a holding company 100-percent owned by the government of the Emirate of Dubai and controlled by Mohammed bin Rashid al-Maktoum, the head of the Dubai ruling family.


According to its website, Borse Dubai was created Aug. 6 as the holding company for Dubai Financial Market and Dubai International Financial Exchange in a move to consolidate the Dubai government's two stock exchanges "as well as current investments in other exchanges, expanding Dubai's position as a global capital market hub."



The announcement set off a firestorm of criticism in Washington, prompting President Bush to comment today in a news conference, "We're going to take a good look at it, as to whether or not it has any national security implications involved in the transaction. I'm comfortable with the process to go forward."

On July 26, Bush signed into law the Foreign Investment and National Security Act of 2007, a law passed after last year's controversy over the effort by Dubai Ports World to acquire London-based Peninsular & Oriental Steam Navigation, an international ports operating firm that would have given Dubai control of operations in up to 22 U.S. ports.

The Foreign Investment and National Security Act of 2007 was passed to strengthen the examination requirements of the Committee on Foreign Investment in the United States, or CFIUS, a highly secretive bureaucratic panel constituted by the Treasury Department to pass verdict on the national security implications of foreign investments in the U.S.

In a letter today, Sen. Charles Schumer, D-N.Y., urged Treasury Secretary Henry M. Paulson to conduct the Borse Dubai CFIUS review under the standards imposed by the Foreign Investment and National Security Act of 2007, even though most of the requirements of the new law do not take effect until later this fall.

Schumer chairs the Joint Economic Committee, composed of 10 members each from the Senate and House of Representatives.

"Nasdaq is not just any exchange, but one of the world's largest," Schumer wrote Paulson. "With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market."

Schumer's letter posed five specific questions for Paulson:


What national security concerns are raised by allowing a foreign government to own U.S. financial exchanges?

Specifically, with respect to Dubai, are there national security concerns about this particular country's influence or control over a U.S. exchange?

U.S. exchanges are a critical asset to our national economic infrastructure. What implications would foreign government control or influence have on our economic security?

U.S. economic security depends on continued competitiveness in a global financial market. What impact will this transaction have on U.S. financial competitiveness?

If national and economic security concerns can be satisfied, should restrictions be placed on this transaction to limit Dubai's control and influence over U.S. exchanges?
The Department of the Treasury could not be reached for immediate comment.
 
A

Anonymous

Guest
Dubai bought 2 aircraft companies from Carlyle
Arab government-controlled aerospace firm owns repairer of jet engines


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Posted: September 21, 2007
2:14 p.m. Eastern


By Jerome R. Corsi
© 2007 WorldNetDaily.com


Sheik Ahmad bin Saeed al Maktoum, head of the Dubai ruling family
Dubai Aerospace Enterprise, a company controlled by the government of Dubai, has purchased two aviation companies from the Carlyle Group, the Washington-based private investment consortium with close financial ties to the Bush family and former officials of the administrations of President George H.W. Bush and President Reagan, including former Secretary of State James Baker.


According to Bloomberg and Reuters, the buyout transaction last month, valued at $1.5 billion, involved Dubai Aerospace acquiring the Arizona-based Landmark Aviation, a company that repairs jet engines, and the Canadian company Standard Aero Holdings, Inc., which repairs military and private jet engines.

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=57768
 

Brad S

Well-known member
The brain trust at the coffee shop knows the SEC pretty much tells an exchange what color of wall paper to hang, right?
 
A

Anonymous

Guest
While the US taxpayer doles out more and goes futher in debt to fund the neocons nation building in Iraq--our world neighbors buy up the country :( :( :mad: :mad:

Weak Dollar Allows Foreigners to Snap Up U.S. Firms

Tuesday, October 16, 2007 10:24 AM

By: Dan Weil

Bargain-hunting foreigners are snapping up U.S. companies at a record pace as the weak dollar, a growing trade imbalance and spiking oil prices spark a raid on America’s corporate assets.


Through September, foreign firms have spent $276 billion to acquire U.S. businesses, according to Thomson Financial. At that rate, the 2007 total will easily surpass 2000’s record of $325 billion in foreign buy-outs.


With the dollar at a record low against most major foreign currencies, and with a robust economy abroad, “It’s a fire sale for companies in Europe, Canada, Australia and some emerging markets that want to buy in the U.S.,” says David Gilmore, a partner at consulting firm Foreign Exchange Analytics in Essex, Conn.


The biggest deals over the past two years include:


• French telecommunications equipment maker Alcatel’s $13.4 billion takeover of Lucent, of Bedminster, N.J.

• The U.K’s National Grid buyout of New York’s KeySpan for $11.8 billion

• Saudi Basic Industries’ $11.6 billion purchase of GE Plastics of Pittsfield Mass.


Earlier this month, Canada’s Toronto-Dominion Bank announced an $8.5 billion deal to acquire Commerce Bank of Cherry Hill, N.J.


The trend not only raises national security red flags but has also sparked concerns that U.S. assets--and associated investment returns--are increasingly falling into foreign hands, experts say.

http://www.newsmax.com/newsfront/foreign_US_buyouts/2007/10/16/41254.html
 
A

Anonymous

Guest
They reported on CNN today that there is a law/rule requiring Government Agencies to source US product first -- but as usual Homeland Security didn't let no little matter like a law/rule stand in there way--Cherkoff just issued a waiver to buy Chinese :roll: :mad: :mad: :mad:

Send more of our taxdollars to China :mad: :mad: :mad:

Frankly, I spend more time worrying about whether or not the United States can survive the remaining 15 months of his ebbing presidency.
Lou Dobbs


U.S-Mexico border fence has Chinese-made parts
From wire and staff reports
Friday, October 19, 2007


WASHINGTON -- Members of Congress' steel caucus said they were alarmed to learn that pipes made in China have been used in the construction of the U.S.-Mexico border fence.

U.S. Rep. Phil English, R-Erie, said Thursday at a Capitol Hill news conference that he found out about it when he was given a photo apparently taken in San Luis, Ariz., that shows black piping used as a fence post with "China" written on it in white letters.

English said one of his staff members confirmed the authenticity of the photo with Department of Homeland Security officials.

The use of a Chinese product instead of American-made material sends the wrong message to American workers and could threaten U.S. economic security, caucus members said.

A Western Pennsylvania company, Wheatland Tube in Mercer County, could make the same type of pipe, said one member.
"It's outrageous, it's offensive, it's totally unacceptable -- it's ludicrous," said Rep. Jason Altmire, D-McCandless. "We have a company right here in the 4th Congressional District ... that can make this pipe."

English, co-chairman of the Congressional Steel Caucus, said that by allowing Chinese imports to replace American production on a huge public works project, the Department of Homeland Security has "dropped a pipe bomb into the public work sites all over America."

"By converting this fence into a Great Wall of China, the Washington bureaucrats have undercut the living standards of workers throughout America, using their own tax dollars," he said. "This is the ultimate travesty for working families in communities that have seen their factories and jobs flee to China while Washington has ignored the laws already on the books to protect them."


Republican Rep. Tim Murphy of Upper St. Clair, another member of the caucus, questioned why American-made steel isn't being used to protect the country's borders.

"China has been supplying weapons to our enemies in the war on terror and allegedly launched a cyber attack this summer against the Pentagon," he said. "This is a slap in the face to American steelworkers and a threat to our own economic security."
http://www.pittsburghlive.com/x/pittsburghtrib/business/s_533432.html
 
A

Anonymous

Guest
Congress is holding hearings on the sweatshop labor Walmart/Mattel/etal use in China...The CEO of Mattel makes 5,400 times the average wage of their average worker that they get to make the unsafe toys they peddle to US consumers..... :( :mad: :mad:
 

Mike

Well-known member
GE Plastics was bought out a few months ago by, get this, a Saudi Arabian company.

Bad part to me was, they had to get approval from the EU (European Commision) to do so. :???:
 
A

Anonymous

Guest
Abu Dhabi's Mubadala Acquires Stake in Advanced Micro

By Ian King and Jason Kelly

Nov. 16 (Bloomberg) -- The Abu Dhabi government bought an 8.1 percent stake in chipmaker Advanced Micro Devices Inc. for $622 million as a surge in oil prices drives a flurry of purchases by Middle Eastern investors.

Mubadala Development Co., an investment firm owned by the government, paid $12.70 a share for 49 million new shares, Advanced Micro said today. The company filed with U.S. regulators yesterday to sell as much as $700 million in new stock.

Institutions such as Mubadala are snapping up stocks worldwide and bypassing private-equity firms to make direct investments with the windfall revenue from rising oil prices. So- called sovereign wealth funds, through which governments buy equities and other assets, will more than triple to $7.9 trillion by 2011, Merrill Lynch & Co. economists wrote in a report last month.
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Earlier Investments

Mubadala agreed in September to buy a 7.5 percent stake in Carlyle Group, the Washington-based private-equity firm, for $1.35 billion. Mubadala's investments also include stakes in Ferrari SpA and Swiss aircraft-maintenance company SR Technics.

Dubai International Capital LLC is buying a 9.9 percent stake in New York-based hedge fund Och-Ziff Capital Management Group LLC for $1.26 billion. The firm, an arm of the Dubai government, has spent more than $10 billion since 2004 buying stakes in companies including India's ICICI Bank Ltd., European Aeronautic, Defence & Space Co. and HSBC Holdings Plc.

Abu Dhabi is the capital of the United Arab Emirates and owner of almost 10 percent of the world's oil reserves. Neighboring Qatar bought 20 percent of London Stock Exchange Group Plc. in September.

Advanced Micro will use the proceeds for general corporate purposes. The company said it received $608 million in proceeds after reimbursing Mubadala for about $14.6 million of expenses.

full story:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVdmf5jmuBjY&refer=home
 
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