rodeodance
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Fri Mar-10-06 05:12 PM
Response to Original message |
| 16. and now the Dem bill is on hold i the Senate. |
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........ The takeover plan was disclosed last month, setting off a political firestorm in the United States even though the company's U.S. operations were only a small part of the global transaction. Dubai Ports valued its rival's American operations at less than 10 percent of the nearly $7 billion total purchase.
Republicans denounced the plan, furious that they had learned about it from news reports and not the White House. They cited concerns over a company run by a foreign government overseeing operations at U.S. ports already vulnerable to terrorist attacks.
Democrats also pledged to halt the takeover and clamored for a vote in the Senate. They sought to gain political advantage from the controversy by trying to narrow a polling gap with the GOP on issues of national security.
After the company's announcement Thursday, the Senate indefinitely postponed a vote on a Democratic move to block the deal.
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