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China Reportedly Hacked Chamber Of Commerce : NPR - 0 views

  • That's called social engineering and it's a widely used technique, especially by Chinese hackers.
  • ou say Chinese hackers and there's been a lot of reports about cyber espionage stemming from China. What's going on here? GJELTEN: You know, Lynn, all the cyber security people we talked to say there's just a ton of cyber espionage coming out of China these days. Hackers are stealing technological secrets, trade secrets, computer code, design plans, you name it. The security people say it's like a vacuum cleaner approach. They just suck up everything they find.
  • But what's behind this is that China wants to catch up to the west. Now, they don't have the business environment to support innovation. You don't see the Chinese equivalent of companies like IBM or Google or Apple popping up there, so rather than develop their own ideas and technology, they just steal it. That's the background here. At least, that's what we hear from U.S. intelligence officials and security people. NEARY: And the Chinese government's not acknowledging any role in this attack on the chamber of commerce? GJELTEN: They say there's no evidence, but cyber security people who have investigated other intrusions blamed on China say it's pretty easy to tie them back there and it's hard to see how the government would not be involved in some way, given the way China works. Chamber officials say they have no doubt that this intrusion did come from China.
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The big questions for 2012 - FT.com - 0 views

  • With America gazing inward, some will look to China for money and leadership. This began visibly to happen in 2011, when European officials ended an EU summit by jetting straight off to Beijing, in a humiliatingly unsuccessful effort to drum up Chinese interest in buying more European debt.
  • But the leadership of China’s Communist party will also spend much of the year jostling for position. While the identities of the new president and prime minister are widely assumed to be known – with Xi Jinping and Li Keqiang slated respectively for those positions – the slots just below the top two are up for grabs. China’s urge to concentrate on domestic affairs will be accentuated by a growing nervousness about political and economic instability at home.
  • and growing social unrest in China’s manufacturing heartlands
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  • But it will also ensure China has little energy to devote to elaborate international co-operation.
  • Economic inequality: Peaceful acceptance of deep differentials is coming to an end
  • The big debate of 2012 will be over the role of government in the economy,
  • Public v private: The state starts to run out of time on how big it should be
  • Although this sounds like an economic issue, it is really about politics.
  • Headlines such as this recent one in the Los Angeles Times – “Six Walmart heirs are wealthier than US’ entire bottom 30 per cent” – epitomise the new mood. Such scrutiny of the lives and deeds of the “1 per cent” will become obsessive.
  • Yet there is compelling evidence that high inequality is also bad for a nation’s health: it leads to higher political instability and more violence and it hurts competitiveness and growth.
  • Social unrest: Technology to power rolling disruption to outright revolution
  • In Russia, shame among educated classes that Vladimir Putin is just the latest tsar, combined with growing economic desperation and corruption in rural areas, makes another Russian Revolution plausible if not probable. And I would not be surprised to see mass protests in several central Asian countries, in Pakistan, again in Iran, in Algeria, Mexico, Venezuela or Cuba.
  • The difference from traditional technology is speed, scale and resilience. The immediacy, apparent veracity and emotional power of words and images that are instantly transmitted to thousands and then millions of people can transform existing currents of dissent into a raging flood
  • This year, elections will take place in the US, France, Russia, Taiwan, Mexico, Egypt and South Korea. China will also change leadership.
  • Energy: Fuel’s decisive shift in supply will boost security – at a price
  • Energy efficiency in the advanced countries has risen sharply, implying that their demand has peaked, and vast, commercially exploitable discoveries of oil and gas – especially gas – have been made in politically stable areas, including in the US. This suggests that in future gas will account for a much larger proportion of world energy supply. While these developments are positive for geopolitical stability, they may pose difficulties for the climate.
  • This is positive because gas is much cleaner than coal.
  • This means it will reclaim its role as the world’s biggest energy producer and, incredibly, become a net energy exporter.
  • Even in 2040, respected forecasts now envision that fossil fuels will still supply 80 per cent of the world’s energy needs.
  • However, energy security and national security for much of the world will be improved, as the influence of rogue oil states diminishes.
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Monroe360.com - Miss lawmakers approve 3 job creation proposals - 0 views

  • Miss. lawmakers approve 3 job-creation proposals
  • Gov. Phil Bryant,
  • "The reason we're coming here, and I'm going to be frank, is the Mississippi farm boys and the farm girls," Correnti said. "I wouldn't trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American."
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  • to make silicon metal for use in automotive parts, consumer electronics and energy products, including solar panels. Developers said the Calisolar project — sought by Ohio, among others — should create 951 jobs with an average annual salary of $45,000, plus benefits.
  • Calisolar, based in Sunnyvale, Calif.
  • lawmakers approved just over $175 million in bonds
  • $75.25 million for the Calisolar project
  • MDA executives said the bond request for the Calisolar project includes a $59.5 million loan for equipment and a building that would be owned by Lowndes County and leased by the company. The package also has an $11.25 million grant for infrastructure such as roads and utility lines and $4.5 million to help train employees at the plant.
  • MDA said the rebates will cost the state $15 million over 10 years.
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Steel chief hits out at US-China plant critics - FT.com - 0 views

  • plan to build a steel plant in the US partly funded by one of China’s biggest steel companies has hit out at his critics, saying that objections to the scheme are a “ploy” by established US companies to block fair competition.
  • John Correnti, chief executive and part owner of Steel Development, which intends to construct a $168m plant in Amory, Mississippi, with the aid of investment by state-owned Anshan Iron & Steel, dismissed as “ludicrous” a claim by a group of US congressmen that the involvement of a Chinese company could potentially damage US national security.
  • Mr Correnti’s project in Mississippi – which he says is part of a bigger $2bn scheme to build a total of four steel plants in undisclosed locations US-wide – comes at a difficult time for the country’s steel industry which was severely affected by the 2008-09 economic crisis and is recovering only slowly.
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  • It also exacerbates tensions between the US and China.
  • Parts of the US business community are concerned at what they regard as a “mercantilist” approach to industry by Beijing, under which the country is said to use levers such as the undervalued renminbi to help Chinese companies.
  • Tom Danjczek, president of the Steel Manufacturers Association, a trade group, which represents most of the large mini-mill companies, said his members “particularly objected” to the presence in Mr Correnti’s investment group of Anshan. That was on the grounds that the company benefited from Beijing’s assistance, in the form “of easy access to government loans and an artificially low currency”. State-owned Anshan benefited from such government help in a way that was denied to its competitors in the US, he said. In a letter sent in July to Tim Geithner, US Treasury secretary, a group of Congressmen representing steel producing districts claimed the planned involvement of Anshan in the Amory project could threaten US national security.
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