Seen on the street in Kyiv.

Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

“The Mob takes the Fifth. If you’re innocent, why are you taking the Fifth Amendment?” -- The TOFF *

"Foreign Relations Boil Down to Two Things: Talking With People or Killing Them." -- Unknown

“Speed is a poor substitute for accuracy.” -- Real, no-shit, fortune from a fortune cookie

"If you believe that you are talking to G-d, you can justify anything.” — my Dad

"Colt .45s; putting bad guys in the ground since 1873." -- Unknown

"Stay Strapped or Get Clapped." -- probably not Mr. Rogers

"The Dildo of Karma rarely comes lubed." -- Unknown

"Eck!" -- George the Cat

* "TOFF" = Treasonous Orange Fat Fuck, A/K/A Dolt-45,
A/K/A Commandante (or Cadet) Bone Spurs,
A/K/A El Caudillo de Mar-a-Lago, A/K/A the Asset., A/K/A P01135809

Tuesday, August 6, 2013

If You Sup With the Devil, Use a Long-Handled Spoon

That would seem to also apply to doing business with the Chinese.
A Chinese energy firm offered big money and access to women to entice an engineer at a U.S. company to launch a cyber raid on his employer, stealing sensitive computer codes and “thereby cheating (the firm) … out of more than $800 million,” according to newly unsealed court documents and internal messages and emails obtained by NBC News.

Federal prosecutors call the alleged cyber theft from American Superconductor (AMSC) in Devens, Mass., one of the most brazen cases yet of Chinese economic espionage in the United States. The techniques the Chinese used to rob the company of three quarters of its revenue, half its workforce, and more than $1 billion in market value were straight out of a “spy novel,” the firm's CEO said in an interview with NBC News.
I don't know why this came as such a big surprise to AMSC. Intellectual property theft is what the Chinese do. Any business partnership with the Chinese government a Chinese company will last so long as it takes them to steal the crown jewels of the foreign company.

Why do you think that the Russians refused to sell their newest navalized fighter to China? They knew that the Chinese would take it apart, reverse engineer the thing and then make their own. If you google "Chinese theft", the first suggestion they have is "Chinese theft of intellectual property". They steal hundreds of billions of dollars worth of the stuff each year.

I feel bad for AMSC, but crimus, were they all chowderheads? Didn't they know that their Chinese "partners" would do whatever it took to rob them blind?

Sinovel should be banned from selling its products in this country. The Obama Administration should forget about Snowden and pressure other countries to ban them, as well.

3 comments:

Eck! said...

Humph! The NSA with all their monitoring missed this one too.

I was wondering what happened when to them when I noticed their parking lot got real open like.

Bed/Fleas!

The New York Crank said...

I'm waiting for the ultimate screwup – when the right wing crazies decide to privatize our intelligence gathering the way they do security in war zones, prisons, and other ciritcal matters...and farm the work out to a Chinese company.

Or is that already happening?

Very crankily yours,
The New York Crank

Phoenician said...

Uh-huh. So an up-and-coming world power decides to steal intellectual property from established mature powers to catch up?

http://www.bloomberg.com/news/2013-02-01/piracy-and-fraud-propelled-the-u-s-industrial-revolution.html

I'm sure my lack of sympathy is only temporary...