Dubai Ports World sold the port contracts for an undisclosed sum to AIG Global Investment Group, a New York-based asset management company with $683 billion in assets but no experience in port operations. The new owner said it plans to run the ports of New York/New Jersey, Philadelphia, Baltimore, Miami, Tampa and New Orleans at arms length and will make no changes in day-to-day operations.
"The people who are running the ports now will continue to run them," said AIG spokesman Chris Winans.
Isn't that funny? The same people runnin the ports will continue to do so in the future!
WSJ can jumped on to the blogs bandwagon. Here are the new WSJ blogs:
My favorite Washington Wire:
Political Insight and Analysis From The Wall Street Journal’s Capital Bureau Market Beat is growing on me slowly: WSJ.com on market-moving news and analyzing interesting trends and numbers I hardly read the Law Blog: law and business and the business of law. I have outsourced reading the Holiday Sales News Tracker (a seasonal blog?) to Barry Ritholtz of the Big Picture. The most recent addition to the WSJ blogs is Juggle: choices and tradeoffs people make as they juggle work and family
You don't need subscription to the journal to access these blogs. Enjoy!
"You will see more such moves as costs in India keep rising," said Kunal Sangoi, an analyst at Mumbai-based brokerage Edelweiss Capital. Satyam plans to recruit Malaysian graduates for the center, to be set up in Cyberjaya, about 31 miles south of Kuala Lumpur.
I think that we should all watch out for trends coming out of Vietnam also.
I don't know. I started reading Brad's blog a little over two years ago. I must have praised his posts every now and then, including advice such as "Read Brad Setser everyday"! Here is another example of writing that keeps taking me back to Brad's blog. Brad is undoubtedly one of the best bloggers out there, and I truly appreciate his efforts.