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K Street Lobbyists Carry Water for OPEC
Disclosure filings indicate massive spending on lobbying by oil-rich countries. As a trading bloc, The Organization of the Petroleum Exporting Countries is one of the world's most powerful.... Since mid-2003, OPEC members will have spent at least $13.3 million in lobbying the U.S. federal government and currying favor with the American public... Source
According to the website Economy in Crisis, "Foreign ownership refers to ownership of assets of a particular industry by foreign controlled domestic U.S. Corporations (FDC) 50% or more owned by a foreign entity."
By that definition, the percentage of foreign ownership as of 2002 by industrial sector was as follows:
* Sound recording industries - 97%
* Commodity contracts dealing and brokerage - 79%
* Motion picture and sound recording industries - 75%
* Metal ore mining - 65%
* Motion picture and video industries - 64%
* Wineries and distilleries - 64%
* Database, directory, and other publishers - 63%
* Book publishers - 63%
* Cement, concrete, lime, and gypsum product - 62%
* Engine, turbine and power transmission equipment - 57%
* Rubber product - 53%
* Nonmetallic mineral product manufacturing - 53%
* Plastics and rubber products manufacturing - 52%
* Plastics product - 51%
* Other insurance related activities - 51%
* Boiler, tank, and shipping container - 50%
* Glass and glass product - 48%
* Coal mining - 48%
* Sugar and confectionery product - 48%
* Nonmetallic mineral mining and quarrying - 47%
* Advertising and related services - 41%
* Pharmaceutical and medicine - 40%
* Clay, refractory, and other nonmetallic mineral products - 40%
* Securities brokerage - 38%
* Other general purpose machinery - 37%
* Audio and video equipment mfg and reproducing magnetic and optical media -
[and on and on]
The Department of Homeland Security reports that up to 80% of our ports are operated by foreign companies. Foreigners are buying and operating US bridges and toll roads. Sale of the Birmingham Water Works to a French company was under consideration, but fortunately did not go through as foreign sales have in several US cities...
Foreign ownership of U.S. assets amounted to 33% of U.S. GDP in 1990. Today it is valued at over 70% of U.S. GDP. Foreigners own $2 trillion (19% of U.S. GDP) more in U.S. assets that the U.S. holds of theirs. Foreign ownership of the U.S. Treasury market is over 30%, over 23% of the corporate bond market, and 13% of the U.S. equity market. (Statistics courtesy of Bridgewater, Dec 13, 2002.) Source
Why Does the WTO Want My Water?
Up for grabs at the negotiating table is worldwide privatization and deregulation of public energy and water utilities, postal services, higher education and state alcohol distribution controls; a new right for foreign firms to obtain U.S. Small Business Administration loans; elimination of a list of specific U.S. state laws about land use, professional licensing and consumer protections, and extreme deregulation of private-sector service industries such as insurance, banking, mutual funds and securities. Source
BEIJING — A special Chinese tour group is heading to the United States later this month to go bargain hunting for houses at foreclosure prices....
Hunting for businesses, employees, too
Cash-rich China, whose purchases of U.S. Treasury notes help prop up the federal government, is looking to recession-stricken America for more than just houses at the right price.
Chinese companies are on the ground looking for U.S. firms on the skids... They're looking for people, too.
"We are aware of a number of Chinese strategic players who are interested in acquiring distressed U.S. assets in a number of industries,"... www.usatoday.com...
C. 406. PRESUMPTION:
In any action to enforce the requirements of the food safety law, the connection with interstate commerce required for jurisdiction shall be presumed to exist - HR875
Originally posted by DontTreadOnMe
reply to post by aleon1018
Just to be clear, GM is changing the way it runs itself.
Instead of GM World Headquarters in Detroit, it will know have GM Headquarters for North America in Detroit, and GM in China will be for therest of the world...at least that is how I am reading it.
Originally posted by SLAYER69
Jul. 31 - The United States will soon allow more high-tech exports to China as part of the issues agreed upon during the recently concluded China-U.S. Strategic and Economic Dialogue this week.
“The U.S. pledged to facilitate exports of high-technology products from the U.S. to China,” Vice-Premier Wang Qishan told China Daily adding that the dialogue was a “full success.”
Well Ladies and Gentlemen here we go again....
It's one of the last cards we have to play and we are just about to give it away. The Chinese will simply take the items or technology and Back/Reverse engineer it and wammo a new Christmas gift item. You know for a fact that once this starts we will see very cheap items showing up on our shelves that could have been made here.
Just yet another example of TPTB looking out for our best interests.
BEIJING (Reuters) - Chinese banks' non-performing loan (NPL) ratio could start to rise in two to three years as some of the flood of loans extended in the first half of this year start to turn sour, an industry official said on Tuesday.
Yang Zaiping, executive vice president of the China Banking Association, also said at the Reuters China Investment Summit that he hoped new rules governing banks' capital would be implemented in a gradual way. Those rules would exclude from banks' capital base the subordinated bonds sold to other banks.
Heeding Beijing's call to step up lending in support of the economy, Chinese banks granted a record 7.4 trillion yuan ($1.08 trillion) in new loans in the first six months of the year, or about one-quarter of the country's annual gross domestic product.
Much of that credit was given out based on relatively lax criteria, presenting the possibility of a rise in the NPL ratio as some of those investments go bad, said Yang.