Word: ported
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...World. Clinton has described the U.A.E. as a model Middle East government and in 2002 gave two speeches in Dubai, pulling in $450,000. Nor is the Bush Administration unfamiliar with DP World. Critics grouse that Treasury Secretary John Snow's former company, transportation giant CSX, sold its international port operations to DP World in 2004, for $1.15 billion. Dubai also works with the Carlyle Group, the Washington-based investment firm stocked with former government insiders...
...confusion, some councils in Sydney share centrally compiled lists of applicants; a similar scheme will soon be tried in Victoria. But where shortages exist, they're often dire, particularly for babies and toddlers, who need more intensive - and expensive - care than older children. In the Melbourne bayside municipality of Port Phillip, 1,935 children are on the waiting list for care, says Rebecca Bartel, co-covenor of Childcare Access in Port Phillip, a voluble parents' campaign to highlight shortages in the area. The local council has offered to provide about 120 new places, far fewer than parents had hoped...
When Dubai Ports World won shareholder approval to acquire one of Vancouver's busiest port facilities last month, nobody in Canada blinked. In fact, the proposed acquisition of the Centerm container terminal seemed to some Canadians like a match made in maritime heaven. "DP World is one of the globe's major port operators," says Anne McMullin of the Vancouver Port Authority, where the 28-hectare terminal is located. "It's a real vote of confidence in our port...
...firestorm could end up hurting Canadian pocketbooks. If DP is forced to back away from its U.S. commitments, the Vancouver deal could be lost in the shuffle, says Darcy Clarkson, ceo of P&O Ports Canada Inc., which would prefer to continue operating the Vancouver terminal under Dubai's ownership. Notes Clarkson: "It shouldn't happen, but it's a source of anxiety." And that's not the only reason for worry. "We need to be concerned if the U.S. Congress decides, as a result of this, to review port security across North America," says Colin Robertson, an official...
...Secretary, which is mandated under U.S. law governing foreign investments. U.S. critics say the oversight process paid insufficient attention to the security implications of the transaction and failed to keep Congress informed. But the Canadian process was even lower key. Transport Canada officials met with executives of P&O Ports Canada Inc. after being notified of the deal last month, but only to check whether the new owners would honor the company's existing security plan. Under Canadian regulations, a new port-terminal owner is not required to submit to security checks unless there are operational changes, such...