Dubai Giving Up Ports Bid?

(Via ThinkProgress)

CBS has breaking news that Sen. John Warner (R-VA) "says a Dubai-owned company has decided to give up its management stake in some U.S. ports".

CNN further reports that "Dubai Ports World has agreed to turn over all of its operations at U.S. ports to a United States entity" and that "the reason is 'to preserve' the strong relationship between the United Arab Emirates and the United States." Hmmmm. The U.S. entity isn't Halliburton, is it? We'll have to wait and see.

Well, kudos to you, Congress. You stood up to the President and won.

Now... about that domestic spying....

[Update: There is some concern over the meaning of the Dubai statement.]