Submitted by Michael McLean
It was a beautiful spring-like day in January for the first meeting and luncheon of the New Year held at the Crowne Plaza Hotel in Nashua on January 21, 2006. 140 members and guests were treated to a delicious meal put on by the outstanding staff of the hotel. Everyone raved about the food and the service! We were pleased to have our own chapter member, past president and MOAA National Director Col R. Bancroft McKittrick, USMC (Ret.) who gave us a fascinating and very informative presentation on Non-Lethal Weapons Development. Everyone thoroughly enjoyed the entire day! We were joined by three first time members: John and Anne Rogers of Weare and William Wright of Concord.
U.S. National Security and Economy
The recent sale of a British company to a United Arab Emirates company to operate and provide security at various U.S. East Coast ports is just the latest in a long series of acquisitions of U.S. corporations and operations by foreign companies.
On the U.S. West Coast the largest container terminal at the Port of Los Angeles is operated by APM Terminals, a subsidiary of Maersk, a Danish company. A second con-
tainer terminal in Los Angeles is operated by Yusen Terminal, Inc., a subsidiary of Nippon Yusen Kaisha, a Japanese company. Additional container terminals are operated by Yang Ming Line and China Shipping. Hanjin shipping is also involved with West Coast container terminals.
Foreign companies have purchased numerous U.S. corporations or controlling interests in recent years and this continues unabated. Daimler Benz, a German company, owns Chrysler Corporation, BAE, a British company, owns electronic warfare plants in the U.S. The list goes on and on. Now a British company, National Grid PLC, is proposing to purchase KeySpan Corp. Who will be next – Raytheon, General Dynamics, Microsoft, IBM, Google, Yahoo?
This country has to protect the jobs of our workers, the viability of our industries and our national security by significantly restricting foreign ownership of U.S. corporations. No foreign ownership should be allowed for sensitive companies and operations. Foreign ownership of non-sensitive U.S. companies and operations should be limited to 49% of the voting stock of the company.
Our economy and national security have to be safeguarded against foreign interests that can possibly be detrimental and harmful to this country.
Donald A. Moskowitz
Page 1 | Page 2 | Page 3 | Page 4