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US Lawmakers Urge AT&T To Cut Commercial Ties With Huawei and Oppose China Mobile Citing National Security Concerns (reuters.com)
U.S. lawmakers are urging AT&T, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies and oppose plans by telecom operator China Mobile to enter the U.S. market because of national security concerns, two congressional aides told Reuters. From the report: The warning comes after the administration of U.S. President Donald Trump took a harder line on policies initiated by his predecessor Barack Obama on issues ranging from Beijing's role in restraining North Korea to Chinese efforts to acquire U.S. strategic industries. Earlier this month, AT&T was forced to scrap a plan to offer its customers Huawei handsets after some members of Congress lobbied against the idea with federal regulators, sources told Reuters. The U.S. government has also blocked a string of Chinese acquisitions over national security concerns, including Ant Financial's proposed purchase of U.S. money transfer company MoneyGram International.
The only thing you can do with federal debt instruments is sell them at a discount (take a loss) or not buy any more. Its not on-demand debt and the Treasury has a schedule when it pays out so who owns existing debt doesn't really matter in terms of security.
The US's political inability to live within its means is a "national security" problem caused 100% by our congresscritters, not the Chinese or anyone else external.
All the phones are made in China anyway so what is the difference whose name is on it?
So this basically translates to: "The Chinese are spying on American citizens?!? THAT'S OUR FUCKING JOB!"
This is the classic example of americans insisting they can have guns, and butter, at an equal rate. Schrodingers China has existed in this country for forty years now. Its simultaneously a valued and trusted trade partner in american consumer capitalism, and the scourge of modern capitalism in its communist defiance of the almighty dollar.
Nikita Khrushchev once said: "Communism will dance on the grave of the capitalist and we will sell you the rope you use to hang yourself." These days China has become more of a capitalist dictatorship. It still goes through the party motions of communism and allegiance but the unions are meaningless banners and the equality is a dream long since dead by the sino soviet split. American recognizes this, but its political apparatus after decades of deregulation and acuiescence to powerful multinational businesses like AT&T --which owe no allegiance to a single nation anymore-- is toothless to do anything more than sternly plead with the company to alter its course of business.
Good people go to bed earlier.
No, what they're afraid of is that Huawei phones can be broken into by someone else.
US national security in the IT space is shot to hell, and most of it is the NSA's fault, with Intel a close second. China just needs to stand back and watch...
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
No, what they're afraid of is that Huawei phones can be broken into by someone else.
and yet the idiots don't fear apple phones being broken into by someone else
Doesn't China own most of American debt? How's that NOT a national security issue?
No, this is a myth. They only own about 5.5% of it and only 19% ($1.2 of $6.3 trillion) of the overall foreign-owned debt. To put it into perspective Japan also owns about 5.4%.
I browse on +1 so AC's need not respond, I won't see it.
I'm not at all sure that all your assertions are correct. It's possible, however, but partially because China has a larger population than anyone else. But it's worth remembering that the US imprisons a greater percentage of it's population than anyone else.
I think we've pushed this "anyone can grow up to be president" thing too far.
what will be left after you're done?
The rest of the world will be left.