WikiLeaks Cable: NASDAQ Folded To Chinese Pressure

jjp9999 writes "A WikiLeaks cable reveals that the NASDAQ folded to pressure from the Chinese regime and kicked out a U.S.-based Chinese TV network, NTD TV. The Chinese Communist Party has been trying to block this station for years now, since it's one of the few major Chinese media that refuses to censor its content. Although they're blocked in Mainland China, they broadcast in with satellites. The timing of the incident aligns well with other actions launched by the CCP against the TV station. They used to broadcast into China through French satellite company Eutelsat, but their connection was cut. Reporters Without Borders investigated and found the Chinese regime was behind it. They now use a Taiwanese satellite."

Why quoting third-party reports?

[Anonymous Coward]

Original cable here:http://wikileaks.org/cable/2007/01/07BEIJING621.html#

Re:Stop selling debt to China

[Anonymous Coward]

But he's unelectable. And a kook. I'm not sure WHY he's either of those things

Because his economic notions are sheer fantasy? Because he would gut government services in pursuit of his fantasy libertarian tiny government?

From wiki [wikipedia.org]

eliminate 5 cabinet-level agencies (Education, Interior, Commerce, Energy, and Housing and Urban Development)
privatize the Federal Aviation Administration and the TSA
cut the federal workforce by 10%
cut funding (down from 2006 levels) for the
Food and Drug Administration by 40%
Centers for Disease Control by 20%
Department of Homeland Security by 20%
National Institutes of Health by 20%
Environmental Protection Agency by 30%
Substance Abuse and Mental Health Services Administration by 20%
cut the Department of Defense budget by total 15%; eliminate all foreign war funding
freeze funding for most other federal agencies at 2006 levels
eliminate all foreign aid
eliminate international drug programs
substantially reduce foreign travel
eliminate international organizations and commissions
administer Medicaid and other joint federal-state social welfare programs (SCHIP, food stamps, etc) through block-grant funding mechanisms to the states
Revenue Changes
cut the top corporate tax rate to 15% (down from 35%)
allow companies to repatriate capital without additional taxation
permanently extend the Bush administration tax cuts
eliminate capital gains and dividends taxes
eliminate estate and gift taxes
end taxes on personal savings
sell federal lands and other federal assets
Other Economic and Regulatory Measures
repeal the new healthcare law ("Obamacare") as well as the Dodd-Frank and Sarbanes-Oxley financial services and banking regulations
cancel certain "onerous" regulations instituted under executive order by previous presidents
conduct a full audit of the Federal Reserve
seek competing currency legislation "to strengthen the dollar and stabilize inflation"

If he made all of these changes he would probably leave a broken shell with no social programs, unregulated industry, and leave the US even more xenophobic and assholish than they are now, and with no tax revenue left because he's given the rich and the corporations a pass on paying them.

He's only slightly less crazy than the guys in armed militias, and anybody who believes his changes would make for a stronger nation has bought into the Libertarian tripe that says the free market is the highest moral ideal.

What he proposes sounds good to him and his base, but it's largely fantasy that simply won't work the way he believes it will ... this isn't sound economic theory, it's a religion.

I don't doubt that he sincerely believes it all, but I have no belief whatsoever that he would do anything other than wreak havoc.

Re:Stop selling debt to China

[cpu6502]

Wow.
You are the perfect example of somone who has been programmed by the media.

(1) You are bigoted against creationists? Christians, Jews, Muslims, and Hindus? Wiow. (2) And no he's not a racist. Here's video to prove it - http://youtu.be/i3EADdr-5AY [youtu.be]

(3) >>>kill off all social programs

"We made a promise to our citizens to provide Medicare and Social Security, and we must honor that promise. I will make no cuts to those benefits, though people 25 and younger will have the option to opt-out. The cuts will be made through offering early retirement to government workers and soldiers. 1 trillion dollars cut by 2014/" - Ron Paul at his Budget Meeting

Re:Stop selling debt to China

[geekoid]

1) This alone shows how fucking ignorant you are. Congress can override a veto

2) He could do that, be the results would be really, really, fucking bad. If the pull out isn't done in a way that leaves an established power, even more people will die under the following religious extremist the fill the power vacuum.

3) Yes, letting corporations run with even less regulation, that would be fucking genius. Everythign else about the party is just smoke and mirrors. Look at their record.

Re:What about the bank docs?

[SydShamino]

Around the time the cables were released, Assange said Wikileaks were about to release a tranche of documents implicating a certain US bank in shenanigans. What happened to those?

They were destroyed by a former WikiLeaks employee who left with them, then destroyed the key. Yes, somehow there wasn't a backup of the documents or key (or at least one of the two).

http://www.rawstory.com/rs/2011/08/22/some-of-wikileaks-bank-of-america-files-destroyed-by-former-spokesman/ [rawstory.com]

Whatever Bank of America did, they got away with it.

Re:Stop selling debt to China

[Thaelon]

Iceland threw off their bankers, threw some in jail, and are finally free.