Hi there, !
Today Thu 11/29/2012 Wed 11/28/2012 Tue 11/27/2012 Mon 11/26/2012 Sun 11/25/2012 Sat 11/24/2012 Fri 11/23/2012 Archives
Rantburg
308688 articles and 1195277 comments are archived on Rantburg.

Today: 56 articles and 124 comments as of 22:57.
Post a news link    Post your own article   
Area: WoT Operations    WoT Background    Non-WoT        Politix    Posting Order WoT Research
Syrian Rebels Claim Capture of Helicopter Base Near Damascus
Today's Headlines
Headline Comments [Views]
Page 4: Opinion
0 [229] 
3 19:15 Barbara [260] 
10 00:01 JosephMendiola [262] 
Page 1: WoT Operations
0 [259]
0 [283]
1 11:59 GolfBravoUSMC [1679]
2 21:51 Mullah Richard [279]
2 13:27 tu3031 [274]
0 [467]
0 [256]
0 [250]
1 08:56 Threater Flusoper9823 [282]
0 [324]
0 [253]
1 22:17 JosephMendiola [311]
2 22:48 JosephMendiola [363]
0 [245]
0 [331]
1 01:17 gromky [275]
0 [312]
11 22:20 rammer [292]
0 [244]
1 11:28 Ebbang Uluque6305 [275]
0 [333]
0 [258]
0 [247]
Page 2: WoT Background
0 [308]
7 11:14 Besoeker [248]
0 [228]
0 [236]
3 13:26 tu3031 [246]
0 [242]
0 [228]
9 22:44 rammer [342]
1 22:32 Pappy [262]
0 [222]
0 [439]
0 [258]
2 09:34 Besoeker [254]
0 [311]
1 02:50 tu3031 [239]
16 19:13 Barbara [342]
Page 3: Non-WoT
3 17:53 Large Darling of the Antelope3345 [248]
9 22:56 rammer [287]
2 12:34 Steve White [258]
0 [228]
6 17:29 Shipman [264]
2 09:06 Besoeker [249]
0 [228]
3 11:56 Procopius2k [257]
0 [234]
4 10:47 Zhang Fei [248]
7 23:32 trailing wife [272]
Page 6: Politix
8 19:10 Barbara [260]
1 21:53 Mullah Richard [267]
5 22:17 Mullah Richard [255]
Great White North
Proposed takeover of Calgary-based oil and gas producer Nexen by China¬'s state-owned oil giant C
(November 23, 2012) The proposed takeover of Calgary-based oil and gas producer Nexen by China¬'s state-owned oil giant CNOOC should be nixed by the Canadian government, says Probe International¬'s Patricia Adams. As instruments of the Communist Party, China¬'s state-owned enterprises (SOEs) are undisciplined by markets or the rule of law. Without subsidies, their rate of return on equity is negative. It would be impossible to stop them from distorting the Canadian economy, so Canada should just say no to CNOOC.

The Canadian government will soon decide whether to let China¬'s state-owned oil giant CNOOC buy Nexen Inc., the Calgary-based oil and gas producer. A survey released this week shows that 72% of Canadians oppose the prospect of this Chinese Communist Party-led enterprise operating in Canada, with good reason.

China¬'s state-owned enterprises (SOEs) are controlled by the Chinese Communist Party and their role is political ¬-- to keep the Communist party in power. They receive subsidized financing from state-owned banks that receive subsidized savings from captive Chinese citizens who are not allowed to invest their money freely, as we in the West can. SOEs typically receive other subsidies and privileges such as free land, monopoly control over their markets, expedited licences, and exemptions from the need to meet environmental and other standards. In China, a country where the rule of law languishes, China¬'s SOEs get away with pretty much anything, often at the expense of a bribe to a local official.

Though many are in awe of China¬'s ¬"rise,¬" it is a Potemkin village of misallocated capital that, at its root, depends on the suppression of consumer, labour, environmental, and investor rights. Fisher Investments calls it ¬"crony communism.¬"

That is why researchers at the Transition Institute, a Beijing-based think-tank, want Chinese SOEs privatized and forced to operate according to market discipline and the rule of law, and not by political favour. They are not alone. The Chinese economist, Mao Yushi, the recent winner of the Milton Friedman Prize for Advancing Liberty, calculated that China¬'s state-owned sector received 7.5 trillion yuan ($1.2-trillion) in subsidies between 2001 and 2009, without which they would have realized a negative average return on equity of 6.3%. The World Bank argues that China¬'s SOEs represent a problem for China and is calling for their reform into real market-disciplined institutions, not ones that operate by dint of Communist party favours.

Thanks to their status as the ¬"special children¬" of the Communist party, Chinese SOEs have become flush with cash at the expense of Chinese citizens, who must overpay for everyday products, who must endure the destruction of their environment and the seizure of their land, and who suffer the suppression of their right to sue to defend themselves. Waving cash obtained through such unethical means, Chinese SOEs are now on a shopping spree around the world for investments such as Nexen.

CNOOC¬'s proposed takeover of Nexen can¬'t go ahead until the government of Canada approves the $15-billion purchase under the Investment Canada Act, something it can only do if the takeover is likely to be of net benefit to Canada and not injurious to our national security.

The act requires foreign investors to adhere to our standards of free and fair enterprise, and to be accountable under the law. But Chinese SOEs do not ordinarily operate by our standards. They are notoriously secretive, they have inefficient cost structures and low productivity, and it would be virtually impossible to stop them from distorting the Canadian economic environment. Should a political issue arise between Canada and China, the SOEs would necessarily do the bidding of their owners ¬-- the Chinese government.

Should a Chinese SOE make money by virtue of its Canadian investments, it will indirectly strengthen its master, the Chinese Communist Party, in its control over ordinary Chinese citizens. If a SOE loses money by its Canadian investments, it will directly hurt ordinary Chinese consumers and taxpayers, who will need to make up the shortfall.

Because of these disbenefits to the Chinese citizenry, reformers in China want the SOEs reformed in much the same way the West has reformed so many of our own SOEs ¬-- by privatizing them, as Canada did with Petro-Canada and the U.K. did with British Petroleum. Because of the dubious economic benefit to the Canadian economy from renationalizing key parts of our economy ¬-- and with the national being a foreign dictatorship to boot ¬-- the government of Canada should simply say no.
Nexen Inc.is an upstream oil and gas company developing energy resources in the UK North Sea, offshore West Africa, the Gulf of Mexico and Western Canada. Nexen has three principal businesses: conventional oil and gas, oil sands and shale gas.
Posted by: Alaska Paul || 11/26/2012 21:10 || Comments || Link || E-Mail|| [229 views] Top||


Home Front: Politix
The Communists have won in America - Pravda
Posted by: Anguper Hupomosing9418 || 11/26/2012 00:00 || Comments || Link || E-Mail|| [262 views] Top||

#1  LOL Anguper! some choice citations

Recently, Obama has been re-elected for a 2nd term by an illiterate society.

liberalism is a psychosis

He [O] is a Communist without question promoting the Communist Manifesto without calling it so How shrewd he is in America. His cult of personality mesmerizes those who cannot go beyond their ignorance. They will continue to follow him like those fools who still praise Lenin and Stalin in Russia. Obama's fools and Stalin's fools share the same drink of illusion..
Posted by: g(r)omgoru || 11/26/2012 0:42 Comments || Top||

#2  So if soviet communism was the tragedy, is obamunism the farce? I hope so...
Posted by: M. Murcek || 11/26/2012 7:50 Comments || Top||

#3  I'm reminded of the Russian joke.

The news is rarely the truth, and the truth is rarely the news.

Pravda meaning truth.
Posted by: phil_b || 11/26/2012 8:47 Comments || Top||

#4  In other education related news, Russian farmers astounded as seeds germinate and take root.
Posted by: Besoeker || 11/26/2012 8:55 Comments || Top||

#5  Obama's fools and Stalin's fools share the same drink of illusion.

That's the KoolAid, right?
Posted by: Ebbang Uluque6305 || 11/26/2012 11:56 Comments || Top||

#6  My favorite comment:

"The Communists have won in America with Obama but failed miserably in Russia with Zyuganov who only received 17% of the vote."

Al
Posted by: Frozen Al || 11/26/2012 11:59 Comments || Top||

#7  Bye bye Miss American Pie! You know the song you hippies. Sing it!
Posted by: Ebbang Uluque6305 || 11/26/2012 12:07 Comments || Top||

#8  #3: Pravda meaning truth.

And Izvestia means news. It's a neat little joke.
Posted by: MW || 11/26/2012 17:28 Comments || Top||

#9  Lest we fergit, 1990's NET + CLINTONISM > FASCISM = merely "LIMITED COMMUNISM/
TOTALITARIANISM/GLOBALISM".

The US-n-only-the-US, i.e. the Nation = Govt-State that is the "tip of the spear" in setting up post-9-11 OWG-NWO, is the also the only one that has to be "restrained/controlled", correct?

The US-n-only-the-US is the only one that H-A-S or M-U-S-T "ABSORB/TOLERATE" A MAJOR NUKE-WMD TERROR OR OTHER MILITARY STRIKE, WID ITS CORRESPONDING MASS CASUALTIES = PHYSICAL DESTRUCTION, ETC. + N-O-T RESPOND WID MILITARY FORCE, CORRECT?
Posted by: JosephMendiola || 11/26/2012 18:46 Comments || Top||

#10  E.G. TOPIX > [Korea Herald] OBAMA NEEDS NEW STARTEGY ON NORTH KOREA TO OFFSET FAILED DE NUCLEARIZATION EFFORTS: EXPERT [Larry Miksch of Washington-based CSIS Think-tank].

* SAME > DEMOCRACY LET [traditionalist/
fundamentalist] AMERICA DOWN. Despite his election President-reelect Obama does not appear to represent the interests of many millions of Americans.

ARTIC > US Voters whom voted + helped re-elect Obama tended to come from Coastal Megacities long-used to Govt-led benefits = employment programs, OBAMA + OTHER US POLITICIANS MAY COME UNDER DEADLY/MORTAL RISK.

* SAME > CALL FOR IMMEDIATE/URGENT ACTION AT CLIMATE TALKS IN DOHA | WAVER OF [United/International] RESOLVE TO RISE TO CHALLENGE TO CAUSE GLOBAL CATASTROPHE, WORLD LEADERS WARNED.

* SAME > WORLD NATIONS STAND BEFORE CLIMATE "FISCAL CLIFF".

And Other to possibly lead to ...

* FREEREPUBLIC > WHY BARACK OBAMA WILL BE THE LAST PRESIDENT OF THE "UNITED" STATES.

2014.

* CHINA DAILY FORUM > [AmericanRepublic Manifestum.blogspot] AMERICAN MILITARY TO SUPPORT AMERICAN REPUBLIC REVOLT 2013.

* DEFENCE.PK/FORUMS > REVEALED: HOW THE US PLANNED TO BLOW UP THE MOON WID A NUCLEAR BOMB TO WIN COLD WAR BRAGGING RIGHTS OVER THE SOVIET UNION, to intimidate the post-Sputnik CPSU + Soviet Union.

Lessons from 1959 for desired non-elected future OWG-NWO + the Threat vee "the Global Govts-Perts Consensus is that there is no Global Govts-Perts Consensus".

D *** NG IT - SEE, I TOLD YA DIDN'T I, IFF WE DESTROY THE SUN [Moon] WE'LL SAVE THE EARTH, ESPEC FROM GWCC [Russkis]!

["FAMILY GUY" PATRIARCH + PROUD IRISHMAN PETER GRIFFIN LOOKING GRIMACINGLY = CONQUERERINGLY AT THE SUN[Moon] here].

The Sun shall surrender iff Peter has to destroy the Earth to do it!
Posted by: JosephMendiola || 11/27/2012 0:01 Comments || Top||


Israel-Palestine-Jordan
How the World Saved Hamas 20 Years Ago
Posted by: tipper || 11/26/2012 06:54 || Comments || Link || E-Mail|| [260 views] Top||

#1  What does the rest of the world have against the Juice, anyway?
Posted by: Bobby || 11/26/2012 11:48 Comments || Top||

#2  They are twinkie killers and don't like bacon.
Posted by: Shipman || 11/26/2012 17:31 Comments || Top||

#3  The fact that they ARE the Juice, Bobby. >:-(
Posted by: Barbara || 11/26/2012 19:15 Comments || Top||



Bookmark
E-Mail Me

The Classics
The O Club
Rantburg Store
Comments Spam
The Bloids
The Never-ending Story
Thugburg
RSS Links
Gulf War I
The Way We Were
Bio
Sink Trap

Alzheimer's Association
Day by Day
Counterterrorism
Hair Through the Ages


On Sale now!


A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.

Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing the drug and gang related violence in Mexico.

Chris gives us Mexican press dispatches of drug and gang war violence over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has dominated Mexico for six years.
Click here for more information

Meet the Mods
In no particular order...
Steve White
Seafarious
Pappy
lotp
Scooter McGruder
john frum
tu3031
badanov
sherry
ryuge
GolfBravoUSMC
Bright Pebbles
trailing wife
Gloria
Fred

Two weeks of WOT
Mon 2012-11-26
  Syrian Rebels Claim Capture of Helicopter Base Near Damascus
Sun 2012-11-25
  Thousands of anti-Morsi protesters spend the night in Egypt's Tahrir square
Sat 2012-11-24
  7 People Killed in Pakistan Shiite Procession
Fri 2012-11-23
  IDF, Shin Bet Arrest 55 Terror Operatives In West Bank
Thu 2012-11-22
  Mashaal: I accept a Palestinian state on '67 borders
Wed 2012-11-21
  'Bomb blast' on bus in Tel Aviv
Tue 2012-11-20
  Female Suicide Boomer Targets Qazi
Mon 2012-11-19
  Israeli Strikes Kill 21 Palestinians, Gaza Rockets Wound 10 Israelis
Sun 2012-11-18
  Israeli air strikes pound Gaza as death toll hits 38
Sat 2012-11-17
   Israel air strikes hit Hamas HQ
Fri 2012-11-16
  Israel Warns of Escalation After Tel Aviv Missile Firing
Thu 2012-11-15
  Gaza missiles fired at Tel Aviv
Wed 2012-11-14
  France recognizes rebel coalition as legitimate rulers of Syria
Tue 2012-11-13
  Jamaat, Shibir go berserk in Bangla
Mon 2012-11-12
  Govt. Soldiers shoot it out in Mogadishu

Better than the average link...



Rantburg was assembled from recycled algorithms in the United States of America. No trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
54.234.2.94
Paypal:
WoT Operations (23)    WoT Background (16)    Non-WoT (11)    (0)    Politix (3)