Although it happened back in September, 2011, it appears many American taxpayers are unaware that General Motors struck a deal in Shanghai wherein the company has agreed to develop an electric vehicle (EV) platform with its longtime Chinese partner SAIC.
What else was included in this deal? GM has agreed to effectively move all future EV development to China. It could also mean that production of the vehicle itself will be moved overseas.
The agreement is the result of the Chinese government coercing foreign automakers into giving Chinese companies the EV technology they lack, according to an Associated Press report. Unsurprisingly, some U.S. lawmakers have voiced concerns that the deal is little more than a “shake down” from the Chinese to get GM’s Volt secrets. GM has denied reports that it will hand over the intellectual property underlying the Volt.
GM Vice Chairman Steve Girsky, in a conference call from Shanghai, said that neither SAIC nor the Chinese government have demanded Volt technology but that any future EV developments would, of course, draw on GM’s Volt “experience and technology,” according to a USA Today report first published in September, 2011.
CONTINUED:http://www.theblaze.com/stories/after-receiving-bailout-gm-may-move-volt-production-to-china/
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
Thursday, January 5, 2012
Wednesday, November 9, 2011
‘Made in China’: U.S. Military Finding Fake Chinese Electronics in Gear At Alarming Rate
‘Made in China’: U.S. Military Finding Fake Chinese Electronics in Gear At Alarming Rate
Posted on November 9, 2011
The U.S. Senate Armed Services Committee has found that counterfeit electronic parts are finding their way into the U.S. military supply chain at an alarming rate.
The Senate released a report that claims that on 1,800 separate occasions, the U.S. military or contractors have purchased electronics materials for defense systems that were either fake or poorly recycled.
In some cases, defective chips made their way into critical U.S. weapons and navigation systems. The examples could provide a serious wake-up call to defense contractors and others involved in the military supply chain. In one instance highlighted by the Senate report, it was pointed out that, on September 8th, the defense contractor Raytheon notified the Navy of the following:
“Counterfeit transistors had been found on a night vision or FLIR system used on the Navy’s SH-60B helicopters. If the FLIR system were to fail, the Navy said the helicopter would be unable to conduct surface warfare missions using Hellfire missiles.”
CONTINUE READING ON THE BLAZE:
http://www.theblaze.com/stories/made-in-china-u-s-military-finding-fake-chinese-electronics-in-gear-at-alarming-rate/
Posted on November 9, 2011
The U.S. Senate Armed Services Committee has found that counterfeit electronic parts are finding their way into the U.S. military supply chain at an alarming rate.
The Senate released a report that claims that on 1,800 separate occasions, the U.S. military or contractors have purchased electronics materials for defense systems that were either fake or poorly recycled.
In some cases, defective chips made their way into critical U.S. weapons and navigation systems. The examples could provide a serious wake-up call to defense contractors and others involved in the military supply chain. In one instance highlighted by the Senate report, it was pointed out that, on September 8th, the defense contractor Raytheon notified the Navy of the following:
“Counterfeit transistors had been found on a night vision or FLIR system used on the Navy’s SH-60B helicopters. If the FLIR system were to fail, the Navy said the helicopter would be unable to conduct surface warfare missions using Hellfire missiles.”
CONTINUE READING ON THE BLAZE:
http://www.theblaze.com/stories/made-in-china-u-s-military-finding-fake-chinese-electronics-in-gear-at-alarming-rate/
Monday, September 12, 2011
Who Will Benefit, America or China? Canada's Oil Sands Are A Jobs Gusher
Jared Law, September 12, 2011
Canada's oil sands don't just create U.S. jobs and help reduce our reliance on extra-continental foreign oil nations. They also present the opportunity to lock up a critical oil resource, keeping it from being shipped to China. After all, can we expect Canada to refuse to develop their massive oil sands resources just because the Obama Regime wants to waste hundreds of $billions on 'green' jobs that hurt the economy?
CONTINUED: http://www.the912project.us/forum/topic/show?id=2881797%3ATopic%3A2382129&xgs=1&xg_source=msg_share_topic
REFERENCE ARTICLE: WSJ--Canada's Oil Sands Are a Jobs Gusher
http://online.wsj.com/article/SB10001424053111904836104576560933917369412.html?mod=opinion_newsreel
Canada's oil sands don't just create U.S. jobs and help reduce our reliance on extra-continental foreign oil nations. They also present the opportunity to lock up a critical oil resource, keeping it from being shipped to China. After all, can we expect Canada to refuse to develop their massive oil sands resources just because the Obama Regime wants to waste hundreds of $billions on 'green' jobs that hurt the economy?
CONTINUED: http://www.the912project.us/forum/topic/show?id=2881797%3ATopic%3A2382129&xgs=1&xg_source=msg_share_topic
REFERENCE ARTICLE: WSJ--Canada's Oil Sands Are a Jobs Gusher
http://online.wsj.com/article/SB10001424053111904836104576560933917369412.html?mod=opinion_newsreel
Saturday, December 11, 2010
China #1, United States #2?
25 Facts That Prove The Transition Is Really Happening
On a recent episode of The Office, Michael Scott spent much of the show bemoaning the fact that China could soon become the number one economic superpower. Of course by the end of the episode everyone had concluded that the United States would continue to be number one indefinitely, but in the real world things are not so simple. Sadly, the cold, hard facts reveal that China is on the rise and the United States is experiencing a dramatic economic decline. The world is changing and China is projected to become the largest economy in the world at some point during the next decade. Americans have been taught from birth that "the U.S. is number one", but the transition is really happening. China is passing the United States even in quite a few high tech industries and in many areas of scientific research. The numbers that you are going to read below are absolutely staggering. It is getting really hard to deny that the Chinese are wiping the floor with us economically. In fact, they are beating us so badly that it is hard to put into words.
Of course our leaders are saying all the right things. During the State of the Union address last January, Barack Obama defiantly declared the following to the rest of the world....
"I do not accept second place for the United States of America."
Well, Barack Obama may not be willing to "accept" it, but that doesn't mean that it is not happening. China is becoming an absolute powerhouse. Of course that would never have happened if we had not opened up trade with them.
We have essentially merged our economy with China's over the past couple of decades. Now, if you walk into just about any store and start examining the products you will notice that far more of them are made in China than are made in the United States.
But most Americans still do not take China seriously. Most Americans still view China as being vastly inferior to the United States. Most Americans do not consider China to be an economic or a military threat at all.
Unfortunately, Americans have become so dumbed-down that only about 70 percent of them can even find China on a map.
The truth is that the world is radically changing. The truth is that China has become a world class rival of the United States. The truth is that the United States had better wake up fast if it wants to stay "number one".
The following are 25 facts that prove that China is rapidly becoming the number one economic superpower on the globe....
#1 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China's share had soared to 20 percent.
#2 The United States had been the leading consumer of energy on the globe for about 100 years, but this past summer China took over the number one spot.
#3 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.
#4 Between 2000 and 2009, America's trade deficit with China skyrocketed nearly 300 percent.
#5 Over the past 15 years, China has moved up from 14th place to 2nd place in the world in published scientific research articles.
#6 Apple iPhones are manufactured in China by workers making about 293 dollars a month (and that was after a big raise).
#7 In 2009, the United States ranked dead last of the 40 nations examined by the Information Technology & Innovation Foundation when it came to "change" in "global innovation-based competitiveness" over the previous ten years.
#8 According to one recent study, China could become the global leader in patent filings by next year.
#9 Today, China controls over 90 percent of the total global supply of rare earth elements.
#10 According to a disturbing new study by the Economic Policy Institute, if the trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
#11 China is now the number one producer in the world of wind and solar power.
#12 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#13 Russia and China have announced that they have decided to quit using the U.S. dollar and instead start using their own national currencies when trading with each other.
#14 China now possesses the fastest supercomputer on the entire globe.
#15 In 2008, 1.2 billion cellphones were sold around the world. So how many of those cellphones were manufactured inside the United States? Zero.
#16 Today, the United States spends about $3.90 on Chinese goods for every $1 that China spends on goods from the United States.
#17 Now, close to half of all the graduate science students enrolled at colleges and universities in the United States are foreigners.
#18 China now has the world's fastest train and the world's biggest high-speed rail network.
#19 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
#20 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.
#21 Over the past several decades, China has been able to accumulate approximately $2.5 trillion in foreign currency reserves, and the U.S. government now owes them close to 900 billion dollars.
#22 Since 2001, over 42,000 U.S. factories have closed down for good.
#23 In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. In the month of August alone, the U.S. trade deficit with China was over 28 billion dollars.
#24 According to author Clyde Prestowitz, China's number one export to the U.S. is computer equipment.
#25 In 2010, the number one U.S. export to China is "scrap and trash".
So, in light of all of these statistics, is there anyone out there who still denies that the United States is in serious danger of being surpassed by China?
Sadly, the United States may not even hold on to the "number 2" spot for long. In fact, the economy of India is now projected to become larger than the U.S. economy by the year 2050.
Once upon a time, America was the most dominant economic power on the globe by such a margin that it was not even worth talking about who was in second place.
But those days are long gone.
Now we live in a nation that is rapidly becoming a post-industrial wasteland while the rest of the world catches up to us and passes us.
So is there any hope of turning all this around?
Is the decline of America inevitable?
http://beforeitsnews.com/story/298/654/China_1,_United_States_2_25_Facts_That_Prove_The_Transition_Is_Really_Happening.html
On a recent episode of The Office, Michael Scott spent much of the show bemoaning the fact that China could soon become the number one economic superpower. Of course by the end of the episode everyone had concluded that the United States would continue to be number one indefinitely, but in the real world things are not so simple. Sadly, the cold, hard facts reveal that China is on the rise and the United States is experiencing a dramatic economic decline. The world is changing and China is projected to become the largest economy in the world at some point during the next decade. Americans have been taught from birth that "the U.S. is number one", but the transition is really happening. China is passing the United States even in quite a few high tech industries and in many areas of scientific research. The numbers that you are going to read below are absolutely staggering. It is getting really hard to deny that the Chinese are wiping the floor with us economically. In fact, they are beating us so badly that it is hard to put into words.
Of course our leaders are saying all the right things. During the State of the Union address last January, Barack Obama defiantly declared the following to the rest of the world....
"I do not accept second place for the United States of America."
Well, Barack Obama may not be willing to "accept" it, but that doesn't mean that it is not happening. China is becoming an absolute powerhouse. Of course that would never have happened if we had not opened up trade with them.
We have essentially merged our economy with China's over the past couple of decades. Now, if you walk into just about any store and start examining the products you will notice that far more of them are made in China than are made in the United States.
But most Americans still do not take China seriously. Most Americans still view China as being vastly inferior to the United States. Most Americans do not consider China to be an economic or a military threat at all.
Unfortunately, Americans have become so dumbed-down that only about 70 percent of them can even find China on a map.
The truth is that the world is radically changing. The truth is that China has become a world class rival of the United States. The truth is that the United States had better wake up fast if it wants to stay "number one".
The following are 25 facts that prove that China is rapidly becoming the number one economic superpower on the globe....
#1 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China's share had soared to 20 percent.
#2 The United States had been the leading consumer of energy on the globe for about 100 years, but this past summer China took over the number one spot.
#3 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.
#4 Between 2000 and 2009, America's trade deficit with China skyrocketed nearly 300 percent.
#5 Over the past 15 years, China has moved up from 14th place to 2nd place in the world in published scientific research articles.
#6 Apple iPhones are manufactured in China by workers making about 293 dollars a month (and that was after a big raise).
#7 In 2009, the United States ranked dead last of the 40 nations examined by the Information Technology & Innovation Foundation when it came to "change" in "global innovation-based competitiveness" over the previous ten years.
#8 According to one recent study, China could become the global leader in patent filings by next year.
#9 Today, China controls over 90 percent of the total global supply of rare earth elements.
#10 According to a disturbing new study by the Economic Policy Institute, if the trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
#11 China is now the number one producer in the world of wind and solar power.
#12 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#13 Russia and China have announced that they have decided to quit using the U.S. dollar and instead start using their own national currencies when trading with each other.
#14 China now possesses the fastest supercomputer on the entire globe.
#15 In 2008, 1.2 billion cellphones were sold around the world. So how many of those cellphones were manufactured inside the United States? Zero.
#16 Today, the United States spends about $3.90 on Chinese goods for every $1 that China spends on goods from the United States.
#17 Now, close to half of all the graduate science students enrolled at colleges and universities in the United States are foreigners.
#18 China now has the world's fastest train and the world's biggest high-speed rail network.
#19 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
#20 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.
#21 Over the past several decades, China has been able to accumulate approximately $2.5 trillion in foreign currency reserves, and the U.S. government now owes them close to 900 billion dollars.
#22 Since 2001, over 42,000 U.S. factories have closed down for good.
#23 In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. In the month of August alone, the U.S. trade deficit with China was over 28 billion dollars.
#24 According to author Clyde Prestowitz, China's number one export to the U.S. is computer equipment.
#25 In 2010, the number one U.S. export to China is "scrap and trash".
So, in light of all of these statistics, is there anyone out there who still denies that the United States is in serious danger of being surpassed by China?
Sadly, the United States may not even hold on to the "number 2" spot for long. In fact, the economy of India is now projected to become larger than the U.S. economy by the year 2050.
Once upon a time, America was the most dominant economic power on the globe by such a margin that it was not even worth talking about who was in second place.
But those days are long gone.
Now we live in a nation that is rapidly becoming a post-industrial wasteland while the rest of the world catches up to us and passes us.
So is there any hope of turning all this around?
Is the decline of America inevitable?
http://beforeitsnews.com/story/298/654/China_1,_United_States_2_25_Facts_That_Prove_The_Transition_Is_Really_Happening.html
Friday, November 12, 2010
H.R. 4646 Debt Free America Act
H.R. 4646: Debt Free America Act--2/23/2010--Introduced.
Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument.
Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.
This financial transactions bill H.R. 4646 Debt Free America Act has been introduced to the 111th Congress, referred to committees, and is scheduled to be voted on in late November before the new congress takes a seat in January. It is designed to eliminate the federal income tax within 7 years. Maybe it would be a good way to change the way we pay taxes to our government but, then again, maybe not. Unlike the FairTax proposal H.R. 25, we may not be given much time to evaluate it for ourselves.
Read the short summary at the link below. We should ask questions and pay attention. You can also read the overview and the full text by clicking on the right side of the site.
http://www.govtrack.us/congress/bill.xpd?bill=h111-4646&tab=summary
The bill has been referred to the following committees for immediate consideration:
House Ways and Means
House Budget
House Rules
House Appropriations
Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument.
Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.
This financial transactions bill H.R. 4646 Debt Free America Act has been introduced to the 111th Congress, referred to committees, and is scheduled to be voted on in late November before the new congress takes a seat in January. It is designed to eliminate the federal income tax within 7 years. Maybe it would be a good way to change the way we pay taxes to our government but, then again, maybe not. Unlike the FairTax proposal H.R. 25, we may not be given much time to evaluate it for ourselves.
Read the short summary at the link below. We should ask questions and pay attention. You can also read the overview and the full text by clicking on the right side of the site.
http://www.govtrack.us/congress/bill.xpd?bill=h111-4646&tab=summary
The bill has been referred to the following committees for immediate consideration:
House Ways and Means
House Budget
House Rules
House Appropriations
Monday, September 27, 2010
China rises and rises, yet still gets foreign aid
Why the heck are we sending $2.5 billion in foreign aid per year to China?
ASSOCIATED PRESS: China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world’s second largest economy. Yet it gets more than $2.5 billion a year in foreign government aid — and taxpayers and lawmakers in donor countries are increasingly asking why.
With the global economic slowdown crimping government budgets, many countries are finding such generosity politically and economically untenable. China says it’s still a developing country in need of aid, while some critics argue that the money should go to poorer countries in Africa and elsewhere.
Germany and Britain have moved in recent months to reduce or phase out aid. Japan, long China’s biggest donor, halted new low-interest loans in 2008.
“People in the U.K. or people in the West see the kind of flawless expenditure on the Olympics and the (Shanghai) Expo and it’s really difficult to get them to think the U.K. should still be giving aid to China,” said Adrian Davis, head of the British government aid agency in Beijing, which plans to wrap up its projects in China by March.
“I don’t think you will have conventional aid to China from anybody, really, after about the next three to five years,” he said.
Read more here: http://www.google.com/hostednews/ap/article/ALeqM5jakwiNM-7WB2c19UhDcSfl7ypJrQD9IFCBLO0
ASSOCIATED PRESS: China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world’s second largest economy. Yet it gets more than $2.5 billion a year in foreign government aid — and taxpayers and lawmakers in donor countries are increasingly asking why.
With the global economic slowdown crimping government budgets, many countries are finding such generosity politically and economically untenable. China says it’s still a developing country in need of aid, while some critics argue that the money should go to poorer countries in Africa and elsewhere.
Germany and Britain have moved in recent months to reduce or phase out aid. Japan, long China’s biggest donor, halted new low-interest loans in 2008.
“People in the U.K. or people in the West see the kind of flawless expenditure on the Olympics and the (Shanghai) Expo and it’s really difficult to get them to think the U.K. should still be giving aid to China,” said Adrian Davis, head of the British government aid agency in Beijing, which plans to wrap up its projects in China by March.
“I don’t think you will have conventional aid to China from anybody, really, after about the next three to five years,” he said.
Read more here: http://www.google.com/hostednews/ap/article/ALeqM5jakwiNM-7WB2c19UhDcSfl7ypJrQD9IFCBLO0
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