A state-owned business from the United Arab Emirates is negotiating the takeover of Britain's P&O, which is running various US ports. The deal is OK-ed by the President, but there is now a movement to prevent this citing national security. Legislation is being introduced by Senators Clinton and Menendez aiming at "preventing FOREIGN governments from acquring US port operations". What I do not understand is why Britain is not considered a foreign government since P&O has being running various US port operations, but the United Arab Emirates is! Are we biased? What if P&O is taken over by a German or French company? Is that accepted, but not by an Arab, Chinese or Indian company? Do anybody knows where the line is drawn? So little of the cargo coming in through US ports are examined, so does it really matter?
http://business.guardian.co.uk/story/0,,1713400,00.html.