Monday, March 12, 2007

Halliburton yes, DPW no?

Halliburton just announced they were moving their CEO to Dubai, effectively making it a Dubai-based company. Of course, congress whipped itself up in to a frenzy about how they were trying to cheat America and escape taxes. However, missed in the point was the pure prejudice shown to Dubai Ports Worldwide. Halliburton has contracts with the military, and has fairly tight involvement with 'critical' US installations. DPW had merely purchased the contract to operate shipping terminals from another foreign company. However, in the end, both are 'Dubai-based companies'. If it is a security risk for a Dubai-based company to unload ships, I'd imagine it would be an even bigger risk for them to actually feed the troops.

It would be nice if the US actually supported free-trade in action, instead of stifling it whenever it seems it can win political favor. However, that may be asking too much. Maybe this Halliburton thing will help convince the pontificaters that Dubai can actually house some legitimate world companies. Nah, that may be stretching it, too. Perhaps all we can hope for is just a conclusion that any company that hires Cheney as CEO may just be shrewdly maximizing things for its own benefit.

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