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-- Posted Friday, 15 January 2010 | Digg This Article | | Source: GoldSeek.com
Rick’s Picks Friday, January 15, 2009 “Phenomenally accurate forecasts” Google is showing some spine in standing up to China, although, to hear the Chinese tell it, a home-grown company was already beating the Mountain View, CA-based search-engine firm at its own game in China. We wish Google well, since the Chinese have been playing hardball lately with the kind of troublemakers who value human rights more than, not merely business, but their own lives. Over the protests of the U.S. and the rest of the free world, China made a show of sentencing dissident writer Liu Xiaobo to 11 years of hard labor. We wouldn’t put it past them to plot murder against nettlesome Google developers working in China, since a show trial could easily backfire. That’s how China’s Russian comrades have silenced those who spread supposedly subversive ideas. They don’t even go to the trouble of making it look like the victim was hit by a bus. Will the Chinese prove to be even worse than the Russians in the human rights category? We won’t know until after they’ve delivered the coup de grace to the U.S. in business and finance. When they no longer have to play ball with us, that’s when we’ll find out what they’re really made of. Denials, Always Google’s doubts about remaining in China were prompted by a sophisticated hacker attack in mid-December that could only have been orchestrated by the government. Hackers broke into the G-mail accounts of Chinese human-rights activists, drawing the interest of U.S. intelligence agencies. In the past, the Chinese have denied any responsibility for such attacks against foreign entities. At press time, however, no Chinese spokesman had surfaced to repeat this lie. But Google appears serious about withdrawing its business from China. “We recognize that this may well mean having to shut down Google.cn, and potentially our offices in China,” said the company’s chief legal officer, David Drummond. Since China is not going to give an inch on censorship, it would appear that Google is committed to exiting. *** Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. There is a substantial risk of loss in futures and option trading, and even experts can, and sometimes do, lose their proverbial shirts. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers’ initials will be used unless express written permission has been granted to the contrary. All Contents © 2010, Rick Ackerman. All Rights Reserved. www.rickackerman.com
-- Posted Friday, 15 January 2010 | Digg This Article | Source: GoldSeek.com
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