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US Government Probes Huawei and ZTE
judgecorp writes "Two leading Chinese telecoms companies, Huawei and ZTE, are under investigation for possible spying in the U.S. A government committee says the companies may be stealing U.S. economic secrets, and use of their equipment might open U.S. infrastructure to espionage."
The US economy is actually working great. You might be under the false impression that you're one of the people it's intended to work for. But the people who have 10,000 times your income couldn't be happier.
Yeah, but every single country in the world does this. Including the USA (the USA is actually one of the worst, it's not even government level stuff, it's handing Airbus secrets to Boeing so they can compete, stuff like that).
Why all the stories about Chinese spying...? It's just more smoke and mirrors to give the population something to focus on other than the government's failure.
No sig today...
The People's Republic of China is a totalitarian state and most of its "private industry" is a facade for their civilian government or military. They routinely get caught with massive espionage operations in other countries. Whatever good that can from theoretically lower prices are negated by everything else that'll come with their increased role.
Even if the federal government so thoroughly separated itself from the telecommunication system that the NSA spy scandal was not even remotely possible, letting China get its tentacles deeper into our country's workings is asking for a lot of trouble. If in time they establish a backbone connection to Asia, you can bet your ass their spy agencies will be tapping it harder than a keg of top grade beer at a college party.
That USA do this does not means that they must allow the Chinese to do it, vice versa is true too, spying is not something that follows reciprocity
No. The frequency by which China can be indicated in espionage is a tell of the size of their collection eforts.... MASSIVE.
You hear about espionage on their part every couple weeks. Nearly every espionage related incident originates from the same source. It is reckless to assume its because they have poor tradecraft and get caught. A better and more real assumption is that the freq of esp. Being caught is a tell of the overall size.
He might have 10 million in assets, but if he has 10.25 million in liabilities than "on paper" he's in the hole a quarter million bucks.
The whole "worth a lot on paper" idiom generally refers to people who actually are worth a lot, but have no liquid cash. Typically, they can get liquidity by selling a few assets... presumably well below market value, since the assets aren't all that liquid... but he'll still end up way ahead of zero. WAY AHEAD.
Your friend sounds like he's bankrupt on paper, but in practice is ahead of most bankrupt people because at least there is a chance his investments will turn around and pull him back into the black.