Mar 10 2006
But it is also likely to keep the heat on a simmering belief abroad that U.S. markets can sometimes be more trouble than they’re worth, economists and foreign trade experts said Thursday.
“People are making decisions to invest elsewhere than in the U.S.,” said Rachel Bronson, a Mideast expert at the Council on Foreign Relations. “Gulf money is being invested in Europe and Asia. This furthers that trend.”
In the wake of last year’s uproar over Chinese interest in Unocal and Maytag, companies from controversial countries may be inclined to search for less complicated investments when deciding where to park their assets. And in a global economy, there are plenty of options.
To some that may be a reasonable tradeoff if scrutiny of such deals enhances national security. But economists said if too much money drifts away from U.S. investments, economic security could be at stake.
We are all poorer econimcally, morally and with regard to security.Â And now I find myself agreeing with Andrew Sullivan:
Well, they’ve set an absurd precedent; now they’ll have to live with it. The Pentagon has another major contract with another Dubai-owned company, Inchcape Shipping Services (ISS).
Note to Andrew: Ownership in ISS and DPW converge at the top in The UAE.Â Andrew notes:
Michelle Malkin, it’s time for another conniption.
True, shouldn’t someone be yelling “the Arabs are coming, the Arabs are coming”?