Monday, March 12, 2007

Halliburton And Dubai

As you all know by now, Halliburton is moving to Dubai. Soon an Arab Based Corporation will be paid billions to support US troops in a war against Arabs.

I looked for negative commentary on the CNN web site and didn't find any. I did find an article entitled, Halliburton opening Dubai headquarters.

David Lesar says, "At this point in time we clearly see there are greater opportunities in the Eastern Hemisphere than the Western Hemisphere." Well no duh! They've already sucked the US dry. All parasites leave a dead host.

And lets not forget that there are no extradition treaties between Dubai and the US.

Add in this little comment, "In contrast, a slide in natural gas prices in the United States has prompted investor concern that oil and gas companies might cut back on spending in North America.", and we can see the writing on the wall.

The Carlyle Group moved to Dubai in November 2006. KBR is rumored to have moved to the Carribean.

I think its clear now that if you're rich, there are better places to be than in the US. If you're doing international business the place to be is in the Arab World. Western Nations are not as good as Arab nations.

In the US over the last few years, we've lost DOW, DuPont, and many others. We're seeing the meltdown of the lending and mortgage industry happening before our very eyes. Without debt based casino style financing industries, the US doesn't have a lot going for it. GM and Ford are even now swirling the toilet bowl.

I wonder how long people will continue to shout that we have the best country ever? At this point, I'm not seeing it. And clearly, most international corporations don't want to do business here either. Business travelers now rate the US as one of the worst nations in the world to meet for shows and conferences because of extreme hassles at our airports and the fear that they will be taken away to be tortured. So European, Asian and Middle Eastern cities are now becoming the favored places to meet, even for US businesses. People no longer come to us, we have to go to them. In other news , travel for tourism in the US is down 17%. Who wants their vacation interrupted by a secret flight into Libya to be tortured for six months?

In my search, I did find articles on the CNN web site telling me what wonderful places there were to visit in the United Arab Emigrates. Evidently, Dubai and the surrounding cities are heavenly places. CNN is in love.

There is some criticism of Halliburton moving to Dubai, but I expect it to calm a bit. What;s the big deal in paying out gigantic military contracts to an Arab Corporation to aid us in killing Arabs? Why does it matter? They can keep records on all of our US Servicemen just as easily on computers in the Arab world as at home. Folks that need to can still access those records over the Internet, right? Why shouldn't Arabs be given full access to our military service records? Why shouldn't Arabs know intimate details of our logistical operations in Iraq, Afghanistan and soon, Iran?

7 Comments:

At 4:44 AM, Blogger Mike said...

US tax dollars pay for open-bid contracts. And the company on the receiving end of such contracts moves to a location where they can avoid paying US taxes.

Welcome to America, Version 0.7.

 
At 8:43 AM, Blogger FlyingMonkeyWarrior said...

I think Halliburton's rent will go up commiserate with the money they got from us the taxpayers. Glad someone can afford a new office in Dubai in the midst of a Real Estate Peak bubble.

 
At 10:11 AM, Blogger Mort said...

Helliburton just named a new CEO, Michael Jackson, what a thriller. Ha ha.

 
At 9:38 PM, Blogger confusedforeigner said...

Dubai is a fabulous city and you can get a sharp US$ to Euro coversion rate to boot.

Always thinking ahead those guys.

 
At 5:16 PM, Blogger Mort said...

PPT

 
At 10:19 AM, Anonymous Bailey said...

You have such interesting posts...

like i suggested on clusterfuck nation, hasn't london already replaced new york as the financial capital?

Do you not think it has a great deal to do, not only with the FCC and SEC, but with the litigious disease that's crippled our country?

I've called a few friends in the states in the last coupla days as i'm going on another business trip to seattle next month...one friend in phoenix, one from my hometown in seattle and i asked them about the mortgage meltdown, both suggesting it's just a correction and most of the speculation and mortgage stuff occuring on east coast.......

it just feels like there are so many shifts, economic outside of social, that are occuring under the radar....

just curious....

 
At 12:09 PM, Blogger Weaseldog said...

Thanks Bailey.

The 'litigious disease' you refer to, I would characterize as a symptom.

The US corporate world has been at war with small business for decades. They lobby Congress to pass onerous laws, that only a corporation with departments of people dedicated to compliance can keep up with.

Paperwork, tax, secret subsidies, backdoor deals and tax abatements all serve to help huge international corporate entities destroy small businesses. The mountains of paperwork and money spent lobbying are a trivial expense for large corporations, but will bankrupt smaller corporations.

Ross Perot for instance here in Texas, was involved years back in a scandal with Jim Hightower where Jim passed an amendment to some other legislation, making Ross Perot's properties tax free zones.

Thats quite a governmnet sanctioned advantage, when your business doesn't have to pay taxes, but your smaller competitors do.

And to get to litigation... Large corporations employ salaried attorneys who need work to do. If they can be put to work destroying competitors through frivolous litigation, then the corporation may see a nt profit in pursuing that path.

Republicans talk a big talk on such practices, but their constituents use frivolous litigation practices as part of their business model. Republicans are not going to vote it away.

 

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