February 12, 2006
THIS DOESN'T SOUND like much of a Homeland Security triumph:
The city's ports, considered a major target of terrorists, are about to be taken over by a firm based in the United Arab Emirates, a country with financial links to the Sept. 11 hijackers.
Dubai Ports World is set to complete a $6.8 billion deal to purchase Peninsular and Oriental Steam Navigation Co., a London company that already runs commercial port operations in New York, New Jersey, Baltimore, New Orleans and Miami.
Color me unimpressed.