Skip to comments.How China Steals Our Secrets ( Greatest Transfer Of Wealth in History)
Posted on 04/03/2012 4:52:17 PM PDT by Dallas59
FOR the last two months, senior government officials and private-sector experts have paraded before Congress and described in alarming terms a silent threat: cyberattacks carried out by foreign governments. Robert S. Mueller III, the director of the F.B.I., said cyberattacks would soon replace terrorism as the agencys No. 1 concern as foreign hackers, particularly from China, penetrate American firms computers and steal huge amounts of valuable data and intellectual property.
(Excerpt) Read more at nytimes.com ...
Most important post of the week, in my opinion.
Ahhh, I think it’s the FED that is involved in “The Greatest Teansfer of Wealth in History” This could come in second though.
IIRC it was the CEO of Fellowes shredders who has pulled back from China, saying that the move to China was a great mistake due to intellectual property theft.
NO cheers, unfortunately.
I sense another Executive order in the works....
Excerpt from article:
Yet the same Congress that has heard all of this disturbing testimony is mired in disagreements about a proposed cybersecurity bill (http://www.govtrack.us/congress/bills/112/s2105/text) that does little to address the problem of Chinese cyberespionage. The bill, which would establish noncompulsory industry cybersecurity standards, is bogged down in ideological disputes. Senator John McCain, who dismissed it as a form of unnecessary regulation, has proposed an alternative bill (http://commerce.senate.gov/public/?a=Files.Serve&File_id=e1244f6d-24ac-44b0-872e-61e1ce6509e6) that fails to address the inadequate cyberdefenses of companies running the nations critical infrastructure. Since Congress appears unable and unwilling to address the threat, the executive branch must do something to stop it.
If Congress will not act to protect Americas companies from Chinese cyberthreats, President Obama must.
We also accept thousands of their students into our universities and teach them everything we know. How many americans are frantically applying to the excellent ivy league schools in china? Hahaha. For americans there's no benefit, there's nothing to gain or learn from studying in china, as their schools are crap anyway. The chinese have everything to gain from coming to study in America or Canada. And, in the case of chinese graduate students, their education is paid for by americans. This is a one-sided relationship where china gets all the benefits. We benefit nothing from having tens of thousands of chinese foreign students (many of whom have fake transcripts) in our countries.