Home › Forums › Financial Markets/Economics › OT: Chinese spying (any economic impact?)
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April 3, 2008 at 10:22 AM #12342April 3, 2008 at 10:54 AM #180528CoronitaParticipant
don't know. …But after Wen Ho Lee's incident with the Gov in which a "mishanding" of documents became a espionage case and smear campaign by the Fed to make an "example" of him, I vowed NEVER to work for a defense company or any company that requires handling top secret military/energy stuff.
http://en.wikipedia.org/wiki/Wen_Ho_Lee
I don't care how bad the economy is. It started out as a boycott among a group of people back at the time, but it's more of a "I don't want to be ever be falsely accused of spying, just because I look and talk chinese" thing.
Not to mention that defense companies pay is typically crap and run often run by big bureacrats. I have a friend that is a director level guy at a big defense company that constantly talks about how his crappy hours, the crappy games he has to play, and hearing him talk about his comps- I'd have to say it does sound pretty crappy. I sort of feel sorry for him- i know folks 2 levels below him that don't have to deal with actually running a department that from a compensation perspective are more or less equivalent.
As far as China is concerned, you really can't play hardball with someone that more or less functions as your banker that you borrow from. I hear all the rhetoric about "getting tough on china", as clinton seems to like to throw around a bit. Uh, it's sort of a problem when just about every thing you buy at walmart and everywhere else from china, and when you have a country that artificially pegs their currency to the USD. Doesn't matter how much USD devalues, the Won is still more/less pegged to the dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
April 3, 2008 at 10:54 AM #180617CoronitaParticipantdon't know. …But after Wen Ho Lee's incident with the Gov in which a "mishanding" of documents became a espionage case and smear campaign by the Fed to make an "example" of him, I vowed NEVER to work for a defense company or any company that requires handling top secret military/energy stuff.
http://en.wikipedia.org/wiki/Wen_Ho_Lee
I don't care how bad the economy is. It started out as a boycott among a group of people back at the time, but it's more of a "I don't want to be ever be falsely accused of spying, just because I look and talk chinese" thing.
Not to mention that defense companies pay is typically crap and run often run by big bureacrats. I have a friend that is a director level guy at a big defense company that constantly talks about how his crappy hours, the crappy games he has to play, and hearing him talk about his comps- I'd have to say it does sound pretty crappy. I sort of feel sorry for him- i know folks 2 levels below him that don't have to deal with actually running a department that from a compensation perspective are more or less equivalent.
As far as China is concerned, you really can't play hardball with someone that more or less functions as your banker that you borrow from. I hear all the rhetoric about "getting tough on china", as clinton seems to like to throw around a bit. Uh, it's sort of a problem when just about every thing you buy at walmart and everywhere else from china, and when you have a country that artificially pegs their currency to the USD. Doesn't matter how much USD devalues, the Won is still more/less pegged to the dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
April 3, 2008 at 10:54 AM #180540CoronitaParticipantdon't know. …But after Wen Ho Lee's incident with the Gov in which a "mishanding" of documents became a espionage case and smear campaign by the Fed to make an "example" of him, I vowed NEVER to work for a defense company or any company that requires handling top secret military/energy stuff.
http://en.wikipedia.org/wiki/Wen_Ho_Lee
I don't care how bad the economy is. It started out as a boycott among a group of people back at the time, but it's more of a "I don't want to be ever be falsely accused of spying, just because I look and talk chinese" thing.
Not to mention that defense companies pay is typically crap and run often run by big bureacrats. I have a friend that is a director level guy at a big defense company that constantly talks about how his crappy hours, the crappy games he has to play, and hearing him talk about his comps- I'd have to say it does sound pretty crappy. I sort of feel sorry for him- i know folks 2 levels below him that don't have to deal with actually running a department that from a compensation perspective are more or less equivalent.
As far as China is concerned, you really can't play hardball with someone that more or less functions as your banker that you borrow from. I hear all the rhetoric about "getting tough on china", as clinton seems to like to throw around a bit. Uh, it's sort of a problem when just about every thing you buy at walmart and everywhere else from china, and when you have a country that artificially pegs their currency to the USD. Doesn't matter how much USD devalues, the Won is still more/less pegged to the dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
April 3, 2008 at 10:54 AM #180524CoronitaParticipantdon't know. …But after Wen Ho Lee's incident with the Gov in which a "mishanding" of documents became a espionage case and smear campaign by the Fed to make an "example" of him, I vowed NEVER to work for a defense company or any company that requires handling top secret military/energy stuff.
http://en.wikipedia.org/wiki/Wen_Ho_Lee
I don't care how bad the economy is. It started out as a boycott among a group of people back at the time, but it's more of a "I don't want to be ever be falsely accused of spying, just because I look and talk chinese" thing.
Not to mention that defense companies pay is typically crap and run often run by big bureacrats. I have a friend that is a director level guy at a big defense company that constantly talks about how his crappy hours, the crappy games he has to play, and hearing him talk about his comps- I'd have to say it does sound pretty crappy. I sort of feel sorry for him- i know folks 2 levels below him that don't have to deal with actually running a department that from a compensation perspective are more or less equivalent.
As far as China is concerned, you really can't play hardball with someone that more or less functions as your banker that you borrow from. I hear all the rhetoric about "getting tough on china", as clinton seems to like to throw around a bit. Uh, it's sort of a problem when just about every thing you buy at walmart and everywhere else from china, and when you have a country that artificially pegs their currency to the USD. Doesn't matter how much USD devalues, the Won is still more/less pegged to the dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
April 3, 2008 at 10:54 AM #180157CoronitaParticipantdon't know. …But after Wen Ho Lee's incident with the Gov in which a "mishanding" of documents became a espionage case and smear campaign by the Fed to make an "example" of him, I vowed NEVER to work for a defense company or any company that requires handling top secret military/energy stuff.
http://en.wikipedia.org/wiki/Wen_Ho_Lee
I don't care how bad the economy is. It started out as a boycott among a group of people back at the time, but it's more of a "I don't want to be ever be falsely accused of spying, just because I look and talk chinese" thing.
Not to mention that defense companies pay is typically crap and run often run by big bureacrats. I have a friend that is a director level guy at a big defense company that constantly talks about how his crappy hours, the crappy games he has to play, and hearing him talk about his comps- I'd have to say it does sound pretty crappy. I sort of feel sorry for him- i know folks 2 levels below him that don't have to deal with actually running a department that from a compensation perspective are more or less equivalent.
As far as China is concerned, you really can't play hardball with someone that more or less functions as your banker that you borrow from. I hear all the rhetoric about "getting tough on china", as clinton seems to like to throw around a bit. Uh, it's sort of a problem when just about every thing you buy at walmart and everywhere else from china, and when you have a country that artificially pegs their currency to the USD. Doesn't matter how much USD devalues, the Won is still more/less pegged to the dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
April 3, 2008 at 11:49 AM #180652ArtyParticipantYou should worry more about Chinese-American academics moving back to China developing their own technologies. As for economic impacts, there will be none because I think CCP is such a smooth operator minus some stupid knee jerk reactions i.e. it should let foreign news stay in Tibet. Better yet try to have them killed by Tibetans (you see even if the rioters won’t kill them; you can always pay some other Tibetans to do it ๐ฟ ).
April 3, 2008 at 11:49 AM #180191ArtyParticipantYou should worry more about Chinese-American academics moving back to China developing their own technologies. As for economic impacts, there will be none because I think CCP is such a smooth operator minus some stupid knee jerk reactions i.e. it should let foreign news stay in Tibet. Better yet try to have them killed by Tibetans (you see even if the rioters won’t kill them; you can always pay some other Tibetans to do it ๐ฟ ).
April 3, 2008 at 11:49 AM #180559ArtyParticipantYou should worry more about Chinese-American academics moving back to China developing their own technologies. As for economic impacts, there will be none because I think CCP is such a smooth operator minus some stupid knee jerk reactions i.e. it should let foreign news stay in Tibet. Better yet try to have them killed by Tibetans (you see even if the rioters won’t kill them; you can always pay some other Tibetans to do it ๐ฟ ).
April 3, 2008 at 11:49 AM #180563ArtyParticipantYou should worry more about Chinese-American academics moving back to China developing their own technologies. As for economic impacts, there will be none because I think CCP is such a smooth operator minus some stupid knee jerk reactions i.e. it should let foreign news stay in Tibet. Better yet try to have them killed by Tibetans (you see even if the rioters won’t kill them; you can always pay some other Tibetans to do it ๐ฟ ).
April 3, 2008 at 11:49 AM #180577ArtyParticipantYou should worry more about Chinese-American academics moving back to China developing their own technologies. As for economic impacts, there will be none because I think CCP is such a smooth operator minus some stupid knee jerk reactions i.e. it should let foreign news stay in Tibet. Better yet try to have them killed by Tibetans (you see even if the rioters won’t kill them; you can always pay some other Tibetans to do it ๐ฟ ).
April 3, 2008 at 12:32 PM #180672AecetiaParticipantNot bad idea to support the Dalai Lamaia and this country by not buying anything Chinese. I gave up French wine awhile back to teach them a lesson. There are some nice domestic wines. It just takes discipline and we probably all could do with less stuff. I have relented on the French wine and do enjoy Veuve now and again.
April 3, 2008 at 12:32 PM #180210AecetiaParticipantNot bad idea to support the Dalai Lamaia and this country by not buying anything Chinese. I gave up French wine awhile back to teach them a lesson. There are some nice domestic wines. It just takes discipline and we probably all could do with less stuff. I have relented on the French wine and do enjoy Veuve now and again.
April 3, 2008 at 12:32 PM #180579AecetiaParticipantNot bad idea to support the Dalai Lamaia and this country by not buying anything Chinese. I gave up French wine awhile back to teach them a lesson. There are some nice domestic wines. It just takes discipline and we probably all could do with less stuff. I have relented on the French wine and do enjoy Veuve now and again.
April 3, 2008 at 12:32 PM #180583AecetiaParticipantNot bad idea to support the Dalai Lamaia and this country by not buying anything Chinese. I gave up French wine awhile back to teach them a lesson. There are some nice domestic wines. It just takes discipline and we probably all could do with less stuff. I have relented on the French wine and do enjoy Veuve now and again.
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