Monday, March 20, 2006

No Chance

If you thought the DP World ports deal was met with skepticism, wait until you hear about this. Dubai International Capital LLC is attempting to buy Doncasters Group Ltd. What does DGL produce? From Bloomberg:

Revenue from Doncasters' nine U.S. plants, which make parts for tanks and military aircraft, account for about 40 percent of total sales.

I think this might catch the attention of more than a few low level hacks at the The Committee on Foreign Investment in the United States. This deal has absolutely no chance of going forward.

2 comments:

JD said...

Even while in France, Phlip keeps me informed.

There are some sweet protests happening in the major cities around the country. We saw a huge gang of students fighting the police in Paris. Vive la France.

See all of you in a couple of weeks. Unles I decide to stay....

Anonymous said...

nothing can be done about this problem. We would have to have changed direction a generation ago as it will take at least that long to change society to the neccessary extent. A major paradime shift is neccessary in the world economy that would lead to a major world depression. Citys like New York run on cheap energy and would become ghost towns. The country side cannot accomidate the population so most would die of famine and exposure. Whether we changed direction 30 years ago or ten years from now or do nothing the result will be the same.