OUT OF THE FRYING PAN: Philly River Docks Safely Out Of Hands Of Soft-On-Evil-Doers DUBAI PORTS, But Now At The Mercy Of The Truly Merciless, An INSURANCE COMPANY

Dubai Ports World is selling ports operations in New Jersey, New York, Philadelphia and four other U.S. cities to AIG Global Investment group.

Dubai’s planned takeover of major U.S. port operations ignited a political firestorm earlier this year. Critics cited the United Arab Emirate’s history as an operational and financial base for the Nine-Eleven hijackers. The government supported the Taliban before the attacks.

The company announced the deal Monday. The U.S. operations at six major U.S. seaports in New York/New Jersey, Philadelphia, Baltimore, Miami, Tampa and New Orleans were approximately valued at $700 million, but DP World did not disclose the sales price.

MYFOX: A Three Card Monty of GLOBALIZATION, TERROR, and GREED