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| US Treasury to report on foreign takeover bids |
| 2006-12-30 |
| WASHINGTON - The US Treasury Department will report to Congress by the end of February whether it thinks any foreign interests are trying to acquire US companies that possess ‘critical technologies’ needed for national defence. The White House announced on Friday the Treasury will do the study, required under the Defence Production Act, and said it will be submitted to Congress in both classified and unclassified versions. The unclassified version is to be made public. A White House official said the report, officially titled Report to Congress on Foreign Acquisition of and Espionage Activities Against US Critical Technology Companies, was last submitted to Congress in 1994. The issue of why the report had not been seen since then arose earlier this year amid a controversy over Dubai Ports World taking over management of six major US ports by acquiring Britain’s Peninsular & Oriental Steam Navigation Co. |
| Posted by:Steve White |
| #12 The balance of payments may be coming home to roost. Ship so many $ overseas, and don't be surprised when furriners buy property here with the same $. |
| Posted by: Anguper Hupomosing9418 2006-12-30 22:22 |
| #11 ahhh oxymoron slipped by the moron. I get it :-) |
| Posted by: Frank G 2006-12-30 22:07 |
| #10 I think the Spemble was referring to the term "freeway" applied to a toll road. |
| Posted by: Jackal 2006-12-30 21:49 |
| #9 same as toll roads elsewhere. The Co. came up with the funds to design/permit/build it in return for the ability to toll it...if they hadn't, it wouldn't be built. Works for me |
| Posted by: Frank G 2006-12-30 21:41 |
| #8 toll- freeway Only in Caliphornia. |
| Posted by: Nimble Spemble 2006-12-30 21:26 |
| #7 #1 Reputation. |
| Posted by: gromgoru 2006-12-30 20:29 |
| #6 We have a new toll- freeway in San Diego (under construction) which has been heavily subsidizd by an Aussie company, one who will collect tolls for IIRC 30 yrs. I'm OK with that |
| Posted by: Frank G 2006-12-30 20:07 |
| #5 I imagine it will be, from now on. The big players like working with new information, and dislike not getting it ongoing. And once the computer program has been set up, it's easy enough to publish. |
| Posted by: trailing wife 2006-12-30 17:32 |
| #4 More importantly, why the hell isn't this done annually? |
| Posted by: Mike N. 2006-12-30 17:27 |
| #3 Why is this any of Treasury's business? They're the one with the information. Companies have to report to the Treasury Department whenever there's any large-scale foreign investment in their companies. |
| Posted by: Old Patriot 2006-12-30 17:21 |
| #2 It makes my skin crawl learning about how other countries are buying up parts of our country, a little at a time. Don't other countries own alot of the roads back east I read somewhere? |
| Posted by: Jan from work 2006-12-30 16:42 |
| #1 Why is this any of Treasury's business? I would expect the logical agency to be the FBI. |
| Posted by: Redneck Jim 2006-12-30 09:54 |