Arab Owned American Ports?

Today's Op-Ed in the Washington Times

reports that New York, New Jersey, Baltimore and three others -- are about to become the property of the United Arab Emirates.

Excerpt:

The U.S. Committee on Foreign Investment, a Treasury Department-dominated group which reviews foreign investments, allows such purchases. The committee approved a $6.8 billion transaction between the ports' current British owners and Dubai Ports World, a government-owned United Arab Emirates firm. The United Arab Emirates was home to Marwan al-Shehhi, a September 11 hijacker; the country is a transit point for al Qaeda, including several other September 11 hijackers; al Qaeda's financing activities have involved the UAE; al Qaeda finds sympathizers there with ease, as it does in other Arab countries.

and......

We should be improving port security in an age of terrorism, not outsourcing decisions to the highest bidder. The ports are thought to be the country's weakest homeland-security link, with good reason. Only a fraction of the nation's maritime cargoes are inspected.