A fanatic is one who can't change his mind and won't change the subject - Winston Churchill
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Another US outfit leaves China
THERE ARE SIGNS that some US companies finally are losing patience with the glorious People's Republic of China.
We saw Google exit the country with some fanfare this week and there are rumours that Dell is considering shifting to India, although that's something it has denied.
Now Go Daddy, the world's largest domain name registration company, has said that it will cease registering websites in China.
According to the Washington Post, this follows China's introduction of retroactive rules that require applicants to provide extensive personal data, including photographs of themselves.
The outfit thinks that this is an effort by China to increase monitoring and surveillance of website content and could put individuals who register their sites with the firm at risk.
China's insistence on censorship and control over information is now starting to get silly and many foreign firms are beginning to see it as a serious barrier to trade.
The Go Daddy Group told a US congressional committee on China that it is concerned about the motives behind the increased level of registrant verification being required.
China was the first country to retroactively seek additional verification and documentation of registrants, a spokesperson told US Senators. µ
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They should just block internet access to china, until china can work on proper terms.
They don't deserve internet having stupid rules, and stupid sensorship.
Anyways most of my spam comes from china, so another reason to block them until the country grows up.
America started out as a republic a long time ago but it has long been subverged into a democracy with mob rule and emperors (commander in chief??) ruling together with the aristocracy. Of course it is still a milion times better then China's version of government.
But governments/companies dont leave a country because of adversity (Iraq??) when there is money to be made. So what is the REAL reason they are leaving?....
One new power station per week or whatever statistic indicates an economy that is growing, but is not very established with respect to the size of the population. It doesn't mean it's a healthy economy either, especially if it has to subsidize its export economy by purchasing bonds from other countries.
Oh, and that's very cute assigning blame to Greenspan in hindsight, especially after an afternoon read from the oh-so-reputable Wikipedia. I'm sure if Greenspan knew then what we know now, there would have been other decisions made. Of course that goes for all idiots signing up for variable rate mortgages, lawmakers requiring lending to people with bad credit/no credit, the overseas debt purchasers, and everyone else too. A recession is probably least of what was deserved for encouraging that level of stupidity in the markets, and yet for some reason we keep bailing out these failures.
A Republic, not a Democracy is what is best suited to govern nations. Democracy only leads to mob rule...and, unfortunately, the US has led its people to believe they live in a Democracy when their Founding Father established a Republic.
1 new power station per week. That's a booming economy. We have a recession.
Our recession is from Alan Greenspan lowering the US Federal Bank rate in 2000, advising people to take out tracker mortgages, then he hiked the rates up in 2004.
Time magazine put Alan Greenspan #3 in it's list of people who are responsible for the global recession and banking meltdown.
Alan Greenspan did his university paper on this exact thing, causing a housing boom, then bust and sinking the economy. He tried to have all copies of this work destroyed, but 1 remained.
At least that's what it says on Wikipedia, see for yourselves ;-)
The banks will be as greedy and crazy as the rules allow. Our politicians and civil servants create these rules and monitor the trading. If they are not up to the job, or they turn a blind eye, then they should be dismissed/sued/imprisoned.
It amazes me that anyone in the West would even think of doing business with a communist country. Can they possibly be surprised when the communists start acting like...well, communists?
They are NOT a free people....NOT a democracy where anyone has a say...NOT a safe place to go or to do business with. Forget that at your peril.
Period.