Friday, June 7, 2013

NYC East Village Apartments Go for $10 in Former Mars Bar Building

http://news.yahoo.com/nyc-east-village-apartments-10-former-mars-bar-184500432.html
In New York City, $10 can get you four subway rides, three slices of pizza, five cups of coffee, or lunch for a day or two. There's no way, however, that it can get you a home in Manhattan, where the average cost of renting an apartment is $3,418 a month. Or can it?
Jupiter 21 is a newly built 12-story, 65-unit residential development at 21 E. First St. in the East Village. Thanks to BFC Partners, the developers of Jupiter 21, nine residents are now owners of units that could easily be rented out for thousands a month, and all it cost them was $10 each, some patience, and finding a temporary living space for a couple of years.
BFC wanted to get rid of the apartments above the now demolished legendary Mars Bar, and in return, long-time residents displaced by construction were the lucky few to get the $10 deal. The apartments were also purchased tax-free. As part of the deal, residents can't resell the apartments for a profit, but they can rent them out. The agreement was made a couple of years ago.
Joseph Ferrara of BFC said, "If it wasn't for the existing residents that were living in a very dilapidated building prior to us constructing Jupiter 21, we would never have a project at this location. We felt we owed it to them to replace their home with a brand new, modern apartment in a building that is being well-received into the community. We hope the existing and new residents thrive in their new environments and enjoy all the amenities that Jupiter 21 has to offer."
Jupiter 21 has a garden, washers and dryers, hardwood floors, a rooftop lounge, and oversized windows. Studios and one- and two-bedroom apartments are available from $3,000 to $10,000 a month. The name -- Jupiter 21 -- pays homage to the Mars Bar, as "Jupiter follows Mars," said Donald Capoccia, principal and founder of BFC.
TD Bank has also signed a lease with BFC and will occupy a 4,212-square-foot space beneath the apartment floors of Jupiter 21. It's also said that there's a second 4,456-square-foot retail space that may be occupied, as it's believed that "BFC Partners reached an agreement with the Mars Bar crew." Altogether, the building has two commercial condominiums on the ground level, 52 market-rate rental units, and 13 affordable residential condominium units.

Photos: Inside The $10 East Village Apartments

Recently our photographer Sam Horine dropped by what we've been calling "the $10 apartments" in the East Village to capture these images that could feed our real estate envy for years. Some background: a couple of years ago developer BFC Partners made a sweetheart deal with tenants of the building that housed Mars Bar, promising them $10, tax free apartments in the brand new development, and now the tenants are preparing to move in to their shiny new units. We recently talked to BFC's Donald Capoccia about the 12-story building, known as Jupiter 21 (yes, it's a nod to Mars Bar), about the sweet deal.
quoteapt0413.jpg Capoccia told us the tenants did not get to choose their own units, but "the inclusionary units are larger than the market-rate units. I think everybody was in agreement as to which apartment they were going to get in advance. We designed the building with the tenants, basically." The units we saw, and that you'll see in these photos, were a one-bedroom and a studio.
It isn't often that you hear of a developer tearing down a tenement and offering old residents such an amazing deal on a new living space, so what moved Capoccia to do just that? "They were existing tenants. They were on the site. In 2000, I was approached by a tenant in this building at 1117 Second Avenue. I knew her, Ellen Stewart, she was the founder of La Mama Theater.
"She had received a letter from the City of New York telling them they were putting this building into what they called the Asset Sales Program, and that they would sell the building to the tenants. It would cost the $650,000. They did not have the resources and we partnered with them. Part of the deal was that we were going to renovate, demolish or construct a new building within which each one of these tenants was going to get a unit for a nominal cost. So that's how this happened."
Capoccia isn't new to the neighborhood, he's had a hand in transforming the East Village since the 1980s, and says he has "pioneered mixed-income housing with the City in various forms—projects where we came up with the financing scenarios that became programmatic, programs that the city has... And it's going to be an even greater challenge over the next couple years to build affordable housing. Our strategy is no different today than it was thirty years ago. Which is, finding undervalued properties in overlooked neighborhoods where we feel there's an opportunity to make change."
As for the latest neighborhood: Staten Island—"We've been doing mixed income and affordable housing in Staten Island for three or four years, and it's been very well-received and very successful. So it's a hunt for undervalued and overlooked opportunities." And in the future, he hopes to develop in Queens, "the only borough we haven't built in."
With Rebecca Fishbein
Contact the author of this article or email tips@gothamist.com with further questions, comments or tips.

Chinese supercomputer destroys speed record and will get much faster

Tianhe-2 hits 31 petaflops with 90 percent of the machine turned on.

Lights on the Tianhe-2 supercomputer change color depending on the power load.
A Chinese supercomputer known as Tianhe-2 has been measured at speeds of 30.65 petaflops, or 74 percent faster than the current holder of the world's-fastest-supercomputer title.
The speed is remarkable partly because the Intel-based Tianhe-2 (also known as Milkyway-2) wasn't even running at full capacity during testing. A five-hour Linpack test using 14,336 out of 16,000 compute nodes, or 90 percent of the machine, clocked in at the aforementioned 30.65 petaflops. (A petaflop is one quadrillion floating point operations per second, or a million billion.) Linpack benchmarks are used to rank the Top 500 supercomputers in the world. The Top 500 list's current champion is Titan, a US system that hit 17.59 petaflops. Tianhe-2 achieved 1.935 gigaflops per watt, which is slightly less efficient than Titan's 2.143 gigaflops per watt.
Tianhe-2's numbers were revealed this week in a paper by University of Tennessee professor Jack Dongarra, who created the Linpack benchmarks and helps compile the bi-annual Top 500 list. Dongarra's paper doesn't say whether Tianhe-2's Linpack measurement was officially submitted for inclusion in the Top 500 list. Ars has asked him if the measurement will put Tianhe-2 on top when the next list is released, but we haven't heard back yet. In any case, the new Top 500 rankings will be unveiled on June 17.
Scheduled to arrive in the National Supercomputer Center in Guangzhou before the end of this year, Tianhe-2 is being assembled and tested at China's National University for Defense Technology (NUDT). Once operational, Tianhe-2 "will provide an open platform for research and education and provide high performance computing service for southern China," Dongarra wrote.
Tianhe-2 is built with Intel Ivy Bridge and Xeon Phi processors. "There are 32,000 Intel Ivy Bridge Xeon sockets and 48,000 Xeon Phi boards for a total of 3,120,000 cores," Dongarra wrote. It has storage of 12.4PB and memory totaling 1.4PB. NUDT built its own proprietary interconnect which Dongarra describes as "an optoelectronics hybrid transport technology" that "uses a fat tree topology with 13 switches each of 576 ports at the top level." Tianhe-2 runs Kylin Linux.
Tianhe-2 has a theoretical peak performance of 54.9 petaflops. Measurements for the Top 500 list always fall somewhat short of theoretical peaks, but Tianhe-2 could certainly improve on its score of 30.65 petaflops if it ran Linpack across the entire system.
Tianhe-2 is the follow-up to Tianhe-1, which was #1 in the world in November 2010 and ranked eighth in the most recent list, with a speed of 2.57 petaflops.

President Obama 'Welcomes' The Debate On Surveillance That He's Avoided For Years Until It Was Forced Upon Him

from the that's-not-welcoming-it dept

President Obama's incredibly weak response to the revelations this week of widespread data collection of pretty much everything by the NSA is to say that he "welcomes" the debate. But, of course, he hasn't actually welcomed the debate at all, because people have tried to bring that debate to him for years, and he's brushed them off:
When it comes to surveillance, Obama has as president shown no sign of really wanting to have a robust debate. For years, Sens. Ron Wyden (D-Ore.), Mark Udall (D-Colo.) and former Sen. Russ Feingold (D-Wis.) have been pleading with the administration to disclose more information about call-tracking tactics that they suggested would shock many Americans.

The administration largely rebuffed those calls. Only after the leak Wednesday of a four-page “top secret” court order indicating that millions of Americans’ phone calls were tracked on a daily basis did officials begin to confirm the program’s details.

But Obama could have chosen at any time to disclose the data-sifting program, or even its rough outlines. That fact leaves critics unimpressed with his latest round of let’s-talk-it-over.
In other words, he's not "welcoming" the debate at all. The debate is happening with or without him, and when he had the chance to "welcome" the debate, he didn't. Now, it appears, he's trying to appear willing "to talk" about something that's now gone way beyond the stage where "welcoming the debate" is sufficient.

If anything, his helps explain why over-aggressive secrecy is such a stupid government policy. If they had been open about this and there had been public discussions earlier, and people were free to express their concerns, and the government could explain its position, then the discussion would have been different, and more interesting. But having all this information denied by government officials for years, only to come out via a leak just looks so much worse.

Update: So around the time this post went up, President Obama actually spoke directly about all of this. He focused on a non-issue, however: about how they're not listening to everyone's phone calls. Except that was clear from the beginning. It was always said that it was just the data -- but it's a hell of a lot of data: who you called, when you called, how long you spoke to them. That's data that most people feel should be private. After that, he said this:
Now, with respect to the Internet and emails, this does not apply to U.S. citizens, and it does not apply to people living in the United States. And again, in this instance, not only is Congress fully apprised of it, but what is also true is that the FISA Court has to authorize it.
But that's not entirely accurate, since it seems pretty clear that there was access to data that included US citizens, so long as the claim was that the investigation (not necessarily any of the parties) targeted non-US persons.

He repeatedly points out that Congress and the FISA Court have repeatedly known and authorized all of this -- which could be read as throwing Congress a bit under the bus (not that they don't deserve it):
So in summary, what you’ve got is two programs that were originally authorized by Congress, have been repeatedly authorized by Congress. Bipartisan majorities have approved them. Congress is continually briefed on how these are conducted. There are a whole range of safeguards involved. And federal judges are overseeing the entire program throughout. And we’re also setting up — we’ve also set up an audit process when I came into office to make sure that we’re, after the fact, making absolutely certain that all the safeguards are being properly observed.
But that doesn't help. It just raises more questions about who Congress really represents, and whether or not "the public" is included.

The President does suggest that he might be open to reconsidering some of this, but also explains why he failed to live up to his promise to stop warrantless wiretapping:
But I think it’s important for everybody to understand, and I think the American people understand, that there are some trade-offs involved. You know, I came in with a healthy skepticism about these programs. My team evaluated them. We scrubbed them thoroughly. We actually expanded some of the oversight, increased some of the safeguards. But my assessment and my team’s assessment was that they help us prevent terrorist attacks. And the modest encroachments on privacy that are involved in getting phone numbers or duration without a name attached and not looking at content — that on, you know, net, it was worth us doing.

That’s — some other folks may have a different assessment of that. But I think it’s important to recognize that you can’t have a hundred percent security and also then have a hundred percent privacy and zero inconvenience. You know, we’re going to have to make some choices as a society.
He was also asked how he felt about it being leaked, and said he wasn't happy about it, given that it was secret for a reason -- but then uses the opportunity to throw Congress under the bus again:
That’s why these things are classified.

But that’s also why we’ve set up congressional oversight. These are the folks you all vote for as your representative in Congress, and they’re being fully briefed on these programs.

And if in fact there was — there were abuses taking place, presumably, those members of Congress could raise those issues very aggressively. They’re empowered to do so.
Congress: your ball.

Occupy Your Home: Confronting Smart Meter Toxification                       http://memoryholeblog.com/2013/06/07/occupy-your-home-struggling-aganst-smart-meter-toxification/#more-4723

An overwhelming majority of US and Canadian citizens are entirely unaware that an especially dangerous device has been attached to their homes. While installation of “smart meters” across North America has continued apace since 2009 the health effects such devices pose have yet to be fully realized. Left unaddressed the broad use and continued deployment of such equipment will almost certainly influence human health for many generations to come.
On May 22 my household received a “Notification Letter” from Florida Power and Light (FPL) stating the company’s intent to replace our existing analog meter with a new device equipped to communicate with other such meters in the utility’s wireless “mesh network.”{1] According to FPL we are among roughly 20,000 of Florida homes that have rejected the new digital device in lieu of an analog model.[2] The letter carries the industry’s familiar line–that the “meter upgrade” is intended to “provide you with more information so you can take more control over your energy use and monthly bills” while more readily “identify[ing]” and resolving power outages.

The correspondence came as quite a surprise since in late 2011 after explaining to FPL the health-related consequences of such electro-pollution and expressing concerns for my family’s well-being, the company agreed to remove the “smart meter” and replace it with one that does not emit such energy. This was done only after conducting my own investigation, providing the company with substantial medical research documenting the negative health effects of RF microwave radiation, and threatening legal action.[3]
FPL was in fact much more reasonable in addressing my concerns than was the Florida Public Service Commission, whose legal counsel informed me flatly that the body had no authority over smart meter deployment and referred me to the Federal Communications Commission.[4] Only after submitting a public records request to the agency did I discover that the information Commission members accepted to evaluate the safety of such equipment in terms of human health consisted largely of smart meter manufacturer and utility boilerplate, including a FPL “PowerPoint”-like presentation seemingly pitched to a fifth grade audience.
Upon receiving FPL’s May 22 letter I took a few hours to write a response to the company’s president, taking care to outline my past communication with them, the concerns I have over the device’s potentially negative effects on my family’s health, and the fact that they recognized and fulfilled my opt out request almost two years ago. A few days after sending my letter off, the executive’s assistant called to inform us the notification letter was likely the result of a computer glitch and should have never been sent.
The foremost danger of smart meters is that they are designed to communicate with each other by emitting substantial and frequent bursts of radio frequency (RF) microwave pollution several thousand times per day–a cumulative burden on one’s genetic and biological makeup that children and the elderly are especially vulnerable to given their respective developing and degenerative conditions. Yet the documented health effects are something FPL never voluntarily told me about, and your power utility will likely not tell you.
For example, FPL spokeswoman Elaine Hinsdale disingenuously remarked that smart meters’ radio frequencies are akin “to those in a garage-door opener and hundreds of times less than emission limits set by the Federal Communications Commission.” According to Hinsdale, “You’d have to stand right next to the smart-meter for more than a year to equal the radio-frequency exposure of a 15-minute cellphone call … Once we talk to our customers and explain how it will repair power outages faster and safer, they understand.”[5] In 2011 when I contacted FPL via telephone to inquire on the overall safety of the devices I was similarly told that RF radiation is emitted only “a few times per day.”
Yet other sources I consulted observed that such emissions are much more frequent. I thus purchased a German-made Gigahertz Solution HF35C Elektrosmog Analyzer and did my own measurements. To my surprise I found that FPL’s meter was emitting RF bursts in excess of 2,000 microwatts per square meter at a distance of five feet several times every thirty seconds to one minute. This pulsing radiation was detected in varying degrees of intensity elsewhere throughout the home and may have at least partially explained the common symptoms of electro-hypersensitivity I was experiencing.
If the US public was served by a more honest and diligent press smart meters and RF radiation in general would not endanger public health to the extent they do today. This is particularly the case since a multitude of scientific studies exist that point to the deleterious health effects of RF energy exposure–especially in children and the elderly. Such information is intentionally overlooked by power utilities and little-if-any acknowledgement of negative health effects appear in any of the vacuous paraphernalia they provide their customers–and state regulators–promoting the meters.
When I pressed FPL representatives on what studies the company had conducted on smart meter safety they sent me a privately commissioned 2011 report, Florida Power and Light Advanced Meter Infrastructure & Distribution Automation RF Exposure Survey, produced by an obscure Arlington Virginia firm called Site Safe.[6] The study’s findings assert that one receives almost the equivalent amount of RF radiation standing one meter away from a smart meter as they would within the immediate vicinity of a cell phone tower–an especially alarming observation!
However, the research’s overall flaw and deceptive nature lies in the absence of suitable methodological parameters for examining how smart meters pulse lesser amounts of such microwave radiation throughout the home up to 190,000 times per day. Germany’s Standard Building Biology Measurements of 2008 caution that specifically in terms of human health “pulsed signals [are] to be taken more seriously than continuous ones.” When I contacted the author of the Site Safe study via telephone and email to evaluate his credentials for authoring such a study, he refused to provide me with any information that might confirm such training and expertise.
In May 2011 the World Health Organization’s International Agency for Research on Cancer classified RF as a Class 2B carcinogen. This means that caution should be applied because exposure to RF and EMF may cause cancer.[7] Given such an admission power utilities should be exercising the precautionary principal lest they further endanger human health with the continued wide-scale deployment of smart meters. FPL and the broader power industry have produced no compelling scientific evidence to date that even tentatively confirms the safety of smart meters. With this in mind, and in terms specifically related to human health, the power industry writ large is executing a transparently dangerous and criminal fraud against the US public.
A half century ago tobacco and asbestos were known menaces to health and over the long term exposure to these substances culminated in a variety of cancers and other terminal diseases compelling the government to intervene on the public’s behalf. The credible scientific evidence suggests the same holds true for exposure to RF microwave radiation. In fact, government and academic research dating to the 1960s points to the potential health dangers of sustained RF and EMF exposure. While the Food and Drug Administration, the Federal Communications Commission, and the American Cancer Society claim that RF and EMF pose no health risks, their conclusions are based on dubious and outdated studies often funded by the telecommunications industry itself.
Current independent scientific and medical research paints an entirely different picture. For example, in 2012 the American Academy of Environmental Medicine generated a list of 86 scientific studies and bibliographies on the health effects of EMF, RF and  extremely low frequency (ELF) microwave radiation dating to 1971.[8] Referencing this literature, in January 2012 the AAEM Board issued a public statement to the California Public Utilities Commission expressing its concern over smart meter installations across the state. “[E]xisting FCC guidelines for RF safety that have been used to justify installation of ‘smart meters’ only look at thermal tissue damage and are obsolete,” the Board observed,
since many modern studies [such as those used by the FCC] show metabolic and genomic damage from RF and ELF exposures below the level of intensity which heats tissues … More modern literature shows medically and biologically significant effects of RF and ELF at lower energy densities. These effects accumulate over time, which is an important consideration given the chronic nature of exposure from “smart meters”. The current medical literature raises credible questions about genetic and cellular effects, hormonal effects, male fertility, blood/brain barrier damage and increased risk of certain types of cancers from RF or ELF levels similar to those emitted from “smart meters”. Children are placed at particular risk for altered brain development, and impaired learning and behavior. Further, EMF/RF adds synergistic effects to the damage observed from a range of toxic chemicals. Given the widespread, chronic, and essentially inescapable ELF/RF exposure of everyone living near a “smart meter”, the Board of the American Academy of Environmental Medicine finds it unacceptable from a public health standpoint to implement this technology until these serious medical concerns are resolved.[9]
Along these lines in 2007 and again in 2012 the BioInitiative Working Group, an international body of academic scientists, medical doctors and public health professionals released a comprehensive review of over 2000 scientific studies and reviews, concluding that RF and EMF exposure can contribute to childhood leukemia and lay the groundwork for a variety of adult cancers.
Aside from long term adverse health effects, smart meters also pose more immediate safety and privacy concerns. The equipment has not been inspected by and thus does not meet  the protocols of the internationally recognized authority on consumer appliance safety standards, Underwriters Laboratory, a potential violation of numerous state and local municipal codes. Careless installation or the limited integrity of smart meter engineering and design have been pointed to as the possible cause of house fires. “We have encountered an unusual amount of fire incidents involving smart meters,” an Ontario Fire Marshal explains to the Vancouver Sun. “New meters may have defects that cause electrical failures (or they may be caused by) careless installation during a changeover.”[10]
Finally, the collection and uncertain wireless transmission of intimate data related to a family’s domestic power usage and everyday life encompassed in residential occupancy also serve as a potential basis for the violation of protections from illegal search and seizure guaranteed under the Fourth Amendment to the US Constitution. This lifestyle-related information relayed throughout the mesh network via RF microwave may be easily “hacked” and the broader network attacked by any number of third parties, including criminals and terrorists. Such data may also be easily accessed by police or other government agencies that would otherwise need a warrant and probable cause to access such information. Utility customers should remind power companies that they do not consent to any personal data related to electrical usage and living patterns aggregated and sold to third parties, including marketers, appliance manufacturers, or data analyst subcontractors.
Already RF is involuntarily yielded to through the ubiquitous radiation emitted from local area networks (“Wi-Fi”) in places of employment and public areas. This is compounded by the voluntary exposure to RF through close quarter cell phone and household Wi-Fi use. With the combined financial and advertising power of the telecommunications service and wireless-manufacturing industries the research clearly pointing to the harmful health effects of RF remains to a large degree unknown. Given their wide scale use and around-the-clock activity, smart meters complete the circle of what is now ceaseless RF bombardment; their broad deployment anticipates a not-too-distant future when they will engage with “smart” appliances within the home, further disseminating such radiation while arbitrarily exerting power over everyday energy use and unlawfully collecting vital and likely profitable data on behavior and lifestyle.
-JFT
Notes

[1] Florida Power and Light Smart Meter Installation Notification Form Letter, May 22, 2013. (PDF)
[2] Doreen Hemlock, “Some FP&L Users Reject Smart Meters in Their Homes [sic],” South Florida Sun-Sentinel, April 26, 2013.
[3] James F. Tracy to Florida Power and Light September 18, 2011, (PDF), James F. Tracy to Florida Power and Light, November 9, 2011. (PDF)
[4] Jennifer Crawford for the Florida Public Service Commission to James F. Tracy, September 30, 2011. (PDF). The PSC is now forging a policy for Florida FPL customers to “opt out” of a smart meter for an additional charge. Hemlock, “Some FP&L Users.”
[5] Hemlock, “Some FP&L Users.”
[6] Matthew J. Butcher, Florida Power and Light Advanced Meter Infrastructure & Distribution Automation RF Exposure Survey, Arlington Virginia: Site Safe, June 10, 2011.
[7] “World Health Organization International Agency for Research on Cancer Classifies RF-EMF Fields as Possibly Carcinogenic to Humans,” [Press Release], May 31, 2011, (PDF)
[8]  See also American Association of Environmental Medicine EMF-RF Reference List (PDF). See also American Association of Environmental Medicine April 12, 2012 Press Advisory (PDF).
[9] American Academy of Environmental Medicine to California Public Utilities Commission, January 19, 2012 (PDF)
[10] Scott Simpson, “Ontario Fire Marshall Says Faulty Base Plates Could Be the Cause, Similar to Mission Blaze,” Vancouver Sun, August 7, 2012. Available at stopsmartmetersbc.ca
See related post: Wireless Technology and the Accelerated Toxification of America

Obamacare Death Panel Ghoul Kathleen Sebelius Denies Transplant To Ailing Child


Obamacare Death Panel Ghoul Kathleen Sebelius Denies Transplant To Ailing Child

Health and Human Services Secretary Kathleen Sebelius rebuffed an appeal from Rep. Lou Barletta on behalf of a girl who needs a lung transplant but can’t get one because of a federal regulation that prevents her from qualifying for a transplant.
obama-obamacare-death-panel-kathleen-sebelius
“Please, suspend the rules until we look at this policy,” Barletta, a Pennsylvania Republican, asked Sebelius during a House hearing Tuesday on behalf of Sarah Murnaghan, a 10-year-old girl who needs a lung transplant. She can’t qualify for an adult lung transplant until the age of 12, according to federal regulations, but Sebelius has the authority to waive that rule on her behalf. The pediatric lungs for which she currently qualifies aren’t available.
“I would suggest, sir, that, again, this is an incredibly agonizing situation where someone lives and someone dies,” Sebelius replied. “The medical evidence and the transplant doctors who are making the rule — and have had the rule in place since 2005 making a delineation between pediatric and adult lungs, because lungs are different that other organs — that it’s based on the survivability [chances].”
Barletta countered that medical professionals think Murneghan could survive an adult lung transplant. During the exchange, he also said that the girl has three to five weeks to live.
Sebelius reminded Barletta that 40 people in Pennsylvania are on the “highest acuity list” for lung transplants. source – Washington Examiner

NSA PRISM program taps in to user data of Apple, Google and others

• Top secret PRISM program claims direct access to servers of firms including Google, Skype and Yahoo
• Companies deny any knowledge of program in operation since 2007
Prism
A slide depicting the top-secret PRISM program
The National Security Agency has obtained direct access to the systems of Google, Facebook, Apple and other US internet giants, according to a top secret document obtained by the Guardian.
The NSA access is part of a previously undisclosed program called PRISM, which allows officials to collect material including search history, the content of emails, file transfers and live chats, the document says.
The Guardian has verified the authenticity of the document, a 41-slide PowerPoint presentation – classified as top secret with no distribution to foreign allies – which was apparently used to train intelligence operatives on the capabilities of the program. The document claims "collection directly from the servers" of major US service providers.
Although the presentation claims the program is run with the assistance of the companies, all those who responded to a Guardian request for comment on Thursday denied knowledge of any such program.
In a statement, Google said: "Google cares deeply about the security of our users' data. We disclose user data to government in accordance with the law, and we review all such requests carefully. From time to time, people allege that we have created a government 'back door' into our systems, but Google does not have a back door for the government to access private user data."
Several senior tech executives insisted that they had no knowledge of PRISM or of any similar scheme. They said they would never have been involved in such a program. "If they are doing this, they are doing it without our knowledge," one said.
An Apple spokesman said it had "never heard" of PRISM.
The NSA access was enabled by changes to US surveillance law introduced under President Bush and renewed under Obama in December 2012.
Prism The program facilitates extensive, in-depth surveillance on live communications and stored information. The law allows for the targeting of any customers of participating firms who live outside the US, or those Americans whose communications include people outside the US.
It also opens the possibility of communications made entirely within the US being collected without warrants.
Disclosure of the PRISM program follows a leak to the Guardian on Wednesday of a top-secret court order compelling telecoms provider Verizon to turn over the telephone records of millions of US customers.
The participation of the internet companies in PRISM will add to the debate, ignited by the Verizon revelation, about the scale of surveillance by the intelligence services. Unlike the collection of those call records, this surveillance can include the content of communications and not just the metadata.
Some of the world's largest internet brands are claimed to be part of the information-sharing program since its introduction in 2007. Microsoft – which is currently running an advertising campaign with the slogan "Your privacy is our priority" – was the first, with collection beginning in December 2007.
It was followed by Yahoo in 2008; Google, Facebook and PalTalk in 2009; YouTube in 2010; Skype and AOL in 2011; and finally Apple, which joined the program in 2012. The program is continuing to expand, with other providers due to come online.
Collectively, the companies cover the vast majority of online email, search, video and communications networks.
Prism
The extent and nature of the data collected from each company varies.
Companies are legally obliged to comply with requests for users' communications under US law, but the PRISM program allows the intelligence services direct access to the companies' servers. The NSA document notes the operations have "assistance of communications providers in the US".
The revelation also supports concerns raised by several US senators during the renewal of the Fisa Amendments Act in December 2012, who warned about the scale of surveillance the law might enable, and shortcomings in the safeguards it introduces.
When the FAA was first enacted, defenders of the statute argued that a significant check on abuse would be the NSA's inability to obtain electronic communications without the consent of the telecom and internet companies that control the data. But the PRISM program renders that consent unnecessary, as it allows the agency to directly and unilaterally seize the communications off the companies' servers.
A chart prepared by the NSA, contained within the top-secret document obtained by the Guardian, underscores the breadth of the data it is able to obtain: email, video and voice chat, videos, photos, voice-over-IP (Skype, for example) chats, file transfers, social networking details, and more.
PRISM slide crop
The document is recent, dating to April 2013. Such a leak is extremely rare in the history of the NSA, which prides itself on maintaining a high level of secrecy.
The PRISM program allows the NSA, the world's largest surveillance organisation, to obtain targeted communications without having to request them from the service providers and without having to obtain individual court orders.
With this program, the NSA is able to reach directly into the servers of the participating companies and obtain both stored communications as well as perform real-time collection on targeted users.
The presentation claims PRISM was introduced to overcome what the NSA regarded as shortcomings of Fisa warrants in tracking suspected foreign terrorists. It noted that the US has a "home-field advantage" due to housing much of the internet's architecture. But the presentation claimed "Fisa constraints restricted our home-field advantage" because Fisa required individual warrants and confirmations that both the sender and receiver of a communication were outside the US.
"Fisa was broken because it provided privacy protections to people who were not entitled to them," the presentation claimed. "It took a Fisa court order to collect on foreigners overseas who were communicating with other foreigners overseas simply because the government was collecting off a wire in the United States. There were too many email accounts to be practical to seek Fisas for all."
The new measures introduced in the FAA redefines "electronic surveillance" to exclude anyone "reasonably believed" to be outside the USA – a technical change which reduces the bar to initiating surveillance.
The act also gives the director of national intelligence and the attorney general power to permit obtaining intelligence information, and indemnifies internet companies against any actions arising as a result of co-operating with authorities' requests.
In short, where previously the NSA needed individual authorisations, and confirmation that all parties were outside the USA, they now need only reasonable suspicion that one of the parties was outside the country at the time of the records were collected by the NSA.
The document also shows the FBI acts as an intermediary between other agencies and the tech companies, and stresses its reliance on the participation of US internet firms, claiming "access is 100% dependent on ISP provisioning".
In the document, the NSA hails the PRISM program as "one of the most valuable, unique and productive accesses for NSA".
It boasts of what it calls "strong growth" in its use of the PRISM program to obtain communications. The document highlights the number of obtained communications increased in 2012 by 248% for Skype – leading the notes to remark there was "exponential growth in Skype reporting; looks like the word is getting out about our capability against Skype". There was also a 131% increase in requests for Facebook data, and 63% for Google.
The NSA document indicates that it is planning to add Dropbox as a PRISM provider. The agency also seeks, in its words, to "expand collection services from existing providers".
The revelations echo fears raised on the Senate floor last year during the expedited debate on the renewal of the FAA powers which underpin the PRISM program, which occurred just days before the act expired.
Senator Christopher Coons of Delaware specifically warned that the secrecy surrounding the various surveillance programs meant there was no way to know if safeguards within the act were working.
"The problem is: we here in the Senate and the citizens we represent don't know how well any of these safeguards actually work," he said.
"The law doesn't forbid purely domestic information from being collected. We know that at least one Fisa court has ruled that the surveillance program violated the law. Why? Those who know can't say and average Americans can't know."
Other senators also raised concerns. Senator Ron Wyden of Oregon attempted, without success, to find out any information on how many phone calls or emails had been intercepted under the program.
When the law was enacted, defenders of the FAA argued that a significant check on abuse would be the NSA's inability to obtain electronic communications without the consent of the telecom and internet companies that control the data. But the PRISM program renders that consent unnecessary, as it allows the agency to directly and unilaterally seize the communications off the companies' servers.
When the NSA reviews a communication it believes merits further investigation, it issues what it calls a "report". According to the NSA, "over 2,000 PRISM-based reports" are now issued every month. There were 24,005 in 2012, a 27% increase on the previous year.
In total, more than 77,000 intelligence reports have cited the PRISM program.
Jameel Jaffer, director of the ACLU's Center for Democracy, that it was astonishing the NSA would even ask technology companies to grant direct access to user data.
"It's shocking enough just that the NSA is asking companies to do this," he said. "The NSA is part of the military. The military has been granted unprecedented access to civilian communications.
"This is unprecedented militarisation of domestic communications infrastructure. That's profoundly troubling to anyone who is concerned about that separation."
A senior administration official said in a statement: "The Guardian and Washington Post articles refer to collection of communications pursuant to Section 702 of the Foreign Intelligence Surveillance Act. This law does not allow the targeting of any US citizen or of any person located within the United States.
"The program is subject to oversight by the Foreign Intelligence Surveillance Court, the Executive Branch, and Congress. It involves extensive procedures, specifically approved by the court, to ensure that only non-US persons outside the US are targeted, and that minimize the acquisition, retention and dissemination of incidentally acquired information about US persons.
"This program was recently reauthorized by Congress after extensive hearings and debate.
"Information collected under this program is among the most important and valuable intelligence information we collect, and is used to protect our nation from a wide variety of threats.
"The Government may only use Section 702 to acquire foreign intelligence information, which is specifically, and narrowly, defined in the Foreign Intelligence Surveillance Act. This requirement applies across the board, regardless of the nationality of the target."
Additional reporting by James Ball and Dominic Rushe

Spy state shock: Gmail, Yahoo Mail, Facebook, Skype, AOL, Apple all secretly sharing private user communications with NSA

naturalnews.com

Originally published June 7 2013facebook

Spy state shock: Gmail, Yahoo Mail, Facebook, Skype, AOL, Apple all secretly sharing private user communications with NSA

by Mike Adams, the Health Ranger, NaturalNews Editor

(NaturalNews) In a week that has already been rocked by one explosive government spy scandal involving the NSA scooping up phone call data and geographic locations of Verizon customers, another scandalous discovery has just erupted that's sure to "wake up" millions of Americans who have been living in denial.

"The National Security Agency and the FBI are tapping directly into the central servers of nine leading U.S. Internet companies, extracting audio, video, photographs, e-mails, documents and connection logs that enable analysts to track a person’s movements and contacts over time," reports the Washington Post in an explosive investigative article.

Top secret documents obtained by the Washington Post show that nearly all the top internet services -- Microsoft Hotmail, Google Gmail, Yahoo Mail, Facebook, Skype, AOL, Apple, Youtube and PalTalk -- are all sharing ALL your user communications with the federal government. Dropbox is reportedly "coming soon."

As the Washington Post explains:

Through a top-secret program authorized by federal judges working under the Foreign Intelligence Surveillance Act (FISA), the U.S. intelligence community can gain access to the servers of nine Internet companies for a wide range of digital data. Documents describing the previously undisclosed program, obtained by The Washington Post, show the breadth of U.S. electronic surveillance capabilities in the wake of a widely publicized controversy over warrantless wiretapping of U.S. domestic telephone communications in 2005.

The types of data these services allow the government to surveil include emails, audio chats, video chats, text chats, photos, usernames, passwords, file transfers, VoIP sessions and much more. Users of Google Drive will be shocked to learn that the NSA has full access to all their private files stored on Google Drive. In effect, these services take every communication initiated by their users and turn it over to the NSA. All these internet services are operating in conspiracy with a criminal government that believes there are absolutely no limits to its power and that it can spy and snoop on all Americans.

When you are calling friends on your iPhone, or chatting over Skype, or emailing someone on Gmail or Yahoo Mail, everything you type, speak, attach or send is being systematically siphoned up, databased and tracked by the U.S. government.

This is all revealed in "PRISM slide #4," which was leaked to the Washington Post. Here's the slide image, just in case it gets yanked from WashPo:



Timeline of betrayal

The collection of private user data under the PRISM program began on September 11, 2007, with Microsoft (Hotmail) turning over private emails. Every Hotmail email sent since 2007 has been surveiled and tracked by the NSA.

Here are the dates of "activation" when the NSA began collecting private user data from internet service providers:

• September, 2007 - Microsoft / Hotmail
• March, 2008 - Yahoo Mail
• January, 2009 - Google Gmail
• June, 2009 - Facebook
• December, 2009 - Paltalk
• September, 2010 - YouTube
• February, 2011 - Skype
• March, 2011 - AOL
• October, 2012 - Apple

This is detailed in "PRISM slide #5" shown below:



Total bust for any remaining trust in cloud computing

Beyond all the astonishing implications of this discovery which merit a full discussion separate from this article, this revelation is bound to shatter any remaining trust in so-called "cloud computing."

Anyone and everyone using Google applications that store files online -- or using online file backup or storage services -- must now assume the NSA is capturing and scanning all their files. The internet police state is operating in full force, and absolutely nothing is safe from its prying eyes... not even your photos and private files.

And while many people were aware that services like Google and Yahoo were scanning their emails in order to show them related advertising on other websites they surf, virtually no one believed that Microsoft, Google, Yahoo and AOL were systematically turning over all their private emails to the government.

That very idea, in fact, was called a "conspiracy theory" until this very day. Anyone who suggested this was taking place -- like Alex Jones -- was branded a loon. (Will the media now apologize to him for warning of this exact thing? I doubt it...)

But now it's all confirmed. The government isn't just reaching down your pants at the airport; it's reaching into your private phone calls, emails, bank account activities, family photos, online storage files, Skype chats, Skype calls and everything else.

The Bush-Obama surveillance nightmare

This police state surveillance nightmare was started by Bush but continued by Obama. Ron Fournier has penned an excellent article on this very topic, entitled Welcome to the Bush-Obama White House: They're Spying on Us.

These revelations are so shocking that even the New York Times is starting to awaken to the reality of the police state, saying the Obama administration "...has now lost all credibility on this issue" and following that up with, "Mr. Obama is proving the truism that the executive will use any power it is given and very likely abuse it."

The NYT goes on to call the Patriot Act "reckless in its assignment of unnecessary and overbroad surveillance powers."

It's right about that, of course. And it brings up an inconvenient fact that many Republicans have forgotten: All this police state surveillance expansion was started in the Bush era. It was all "legalized" in the frenzied aftermath of 9/11, which now completely explains why rogue elements working within the government plotted the 9/11 attacks and allowed them to be carried out by standing down defense forces which could have prevented it.

The real purpose of the Bush-era Patriot Act

The entire purpose of 9/11 was to thrust Americans into a state of irrational fear so that they would support even the most insane, draconian, police state laws such as the Patriot Act. Republicans were beating their war drums and cheering the passage of this law!

Now, of course, they incorrectly blame Obama for the police state. But Obama is only half to blame: he didn't start these activities but he sure continued them. And in some ways, Obama found new opportunities to exploit and abuse government power beyond what even Bush could have imagined. The due of Bush + Obama is an absolute train wreck of criminality, spookiness and the abandonment of all rights and protections for the People.

Everybody is to blame for this. Bush supporters let this happen and Obama supporters let it ride. All along, neither party demanded the government limit its powers and abide by the Constitution. Only Ron Paul and a few libertarians carried that torch for the last 12 years, but they were shouted down by the establishment media which pretended the police state didn't exist at all.

So don't expect any miracles to occur when talking about dismantling this police state nightmare that smacks of North Korea: both political parties are huge believers in government abuse of power and the use of government to dominate, intimidate, censor, oppress, track and surveil innocent Americans. In fact, their entire power base depends on this.

Because if Americans were free to openly share ideas without fear of intimidation, they might discuss truly revolutionary ideas like eliminating the IRS, arresting all the war criminals in the U.S. Senate, or even marching on the White House and throwing the gangsters out of office.

Read more about PRISM and government spying:
http://www.breitbart.com/Big-Government/2013/06/06/NSA-ability-spy-Am...
http://www.washingtonpost.com/wp-srv/special/politics/prism-collectio...
http://www.washingtonpost.com/investigations/us-intelligence-mining-d...
http://www.nytimes.com/2013/06/07/opinion/president-obamas-dragnet.ht...
http://www.nationaljournal.com/politics/welcome-to-the-bush-obama-whi...




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Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

The United States - A Colony Of ChinaAre you ready for a future where China will employ millions of American workers and dominate thousands of small communities all over the United States?  Such a future would be unimaginable to many Americans, but the truth is that it is already starting to happen.  Chinese acquisition of U.S. businesses set a new all-time record last year, and it is on pace to absolutely shatter that record this year.  Meanwhile, China is voraciously gobbling up real estate and is establishing economic beachheads all over America.  If China continues to build economic power inside the United States, it will eventually become the dominant economic force in thousands of small communities all over the nation.  Just think about what the Smithfield Foods acquisition alone will mean.  Smithfield Foods is the largest pork producer and processor in the world.  It has facilities in 26 U.S. states and it employs tens of thousands of Americans.  It directly owns 460 farms and has contracts with approximately 2,100 others.  But now a Chinese company has bought it for $4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.  If you don't think that this is important, you haven't been paying much attention to what has been going on in the world.  Thanks in part to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend.  They are only just starting to exercise their economic muscles.
And it is important to keep in mind that there is often not much of a difference between "the Chinese government" and "Chinese corporations".  In 2011, 43 percent of all profits in China were produced by companies that the Chinese government had a controlling interest in.  Americans are accustomed to thinking of "government" and "business" as being separate things, but in China they are often one and the same.  Even when there is a separation in ownership, the reality is that no major Chinese corporation is going to go against the authority and guidance of the Chinese government.  The relationship between government and business in China is much different than it is in the United States.
Over the past several years, Chinese companies have become increasingly aggressive.  Last year a Chinese company spent $2.6 billion to purchase AMC entertainment - one of the largest movie theater chains in the United States.  Now that Chinese company controls more movie ticket sales than anyone else in the world.  At the time, that was the largest acquisition of a U.S. firm by a Chinese company, but now the Smithfield Foods deal has greatly surpassed that.
But China is not just relying on acquisitions to expand its economic power.  The truth is that "economic beachheads" are being established all over America.  For example, Golden Dragon Precise Copper Tube Group, Inc. recently broke ground on a $100 million plant in Thomasville, Alabama.  I am sure that many of the residents of Thomasville, Alabama will be glad to have jobs, but it will also become yet another community that will now be heavily dependent on communist China.
And guess where else Chinese companies are putting down roots?
Detroit.
Yes, the poster child for the deindustrialization of America is being invaded by the Chinese.  The following comes from a recent CNBC article...
Dozens of companies from China are putting down roots in Detroit, part of the country's steady push into the American auto industry.
Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.
If you recently purchased an "American-made vehicle", there is a really good chance that it has Chinese parts in it.
In fact, it is becoming harder and harder to get auto parts that are actually made in America by American companies.  A lot of those companies are dying off.  One example of this is a battery maker that had received $132 million from the federal government that was recently gobbled up by a huge Chinese corporation...
Industry analysts are hard-pressed to put a number on the Chinese suppliers operating in the United States. "We simply don't know how many there are," said David Andrea, an official with the Original Equipment Suppliers Association, a trade organization for auto parts makers.
In one of the more prominent deals, the Wanxiang Group bought most of the assets of the battery maker A123 Systems, which filed for bankruptcy last year despite receiving $132 million of $249 million in federal grants to build two factories in Michigan.
Congressional Republicans criticized the deal, saying A123's technology could support military applications in China. Still, the buyout was approved this year by the Committee on Foreign Investment in the United States, a federal government panel.
China seems particularly interested in acquiring energy resources in the United States.  For example, did you know that China is actually mining for coal in the mountains of Tennessee?
Guizhou Gouchuang Energy Holdings Group spent 616 million dollars to acquire Triple H Coal Co. in Jacksboro, Tennessee.  At the time, that acquisition really didn't make much news, but now a group of conservatives in Tennessee is trying to stop the Chinese from blowing up their mountains and taking their coal.  The following is from a Wall Street Journal article back in March...
The Tennessee Conservative Union began airing an ad Tuesday that says lawmakers have failed to protect the state's scenic mountains and are allowing the "Chinese to destroy our mountains and take our coal…the same folks who hold our debt."
But when it comes to our energy resources, China has been most interested in our oil and natural gas.  It is a complete and total mystery why the federal government would allow China to buy up our precious domestic sources of energy, but it is happening.  The following is a list of some of the oil and natural gas deals that China has been involved in during the last few years that was compiled by the Wall Street Journal...
Colorado: Cnooc gained a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming in a $1.27 billion pact with Chesapeake Energy Corp.
Louisiana: Sinopec has a one-third interest in 265,000 acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.
Michigan: Sinopec gained a one-third interest in 350,000 acres in a larger $2.5 billion deal with Devon Energy.
Ohio: Sinopec acquired a one-third stake in Devon Energy’s 235,000 Utica Shale acres in a larger $2.5 billion deal.
Oklahoma: Sinopec has a one-third interest in 215,000 acres in a broader $2.5 billion deal with Devon Energy.
Texas: Cnooc acquired a one-third interest in Chesapeake Energy’s 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.
Wyoming: Cnooc has a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming after a $1.27 billion pact with Chesapeake Energy. Sinopec gained a one-third interest in Devon Energy’s 320,000 acres as part of a larger $2.5 billion deal.
Gulf of Mexico: Cnooc Ltd. separately acquired minority stakes in some of Statoil ASA’s leases as well as six of Nexen Inc.’s deep-water wells.
How could we be so stupid?
Sadly, as our politicians endlessly bicker China just continues to aggressively push ahead.
And pretty soon China may want to build entire cities in the United States just like they have been doing in other countries.  According to Bloomberg, right now China is actually building a city larger than Manhattan just outside of the capital of Belarus...
China is building an entire city in the forests near the Belarusian capital Minsk to create a manufacturing springboard between the European Union and Russia.
Belarusian President Aleksandr Lukashenko allotted an area 40 percent larger than Manhattan around Minsk’s international airport for the $5 billion development, which will include enough housing to accommodate 155,000 people, according to Chinese and Belarusian officials.
And this is actually already happening on a much smaller scale in this country.  For example, as I have written about previously, a Chinese company known as "Sino-Michigan Properties LLC" has purchased 200 acres of land near the little town of Milan, Michigan.  Their stated goal is to construct a "China City" that has artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.
In other cases, large chunks of real estate in the middle of major U.S. cities are being gobbled up by Chinese "investors".  Just check out what a Fortune article from a while back says has been happening in Toledo, Ohio...
In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city's Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.
Are you starting to get the picture?
China is on the rise and America is in decline.  If you doubt this, just read the following list of facts which comes from one of my previous articles entitled "40 Ways That China Is Beating America"...
#1 As I mentioned above, when you total up all imports and exports of goods, China is now the number one trading nation on the entire planet.
#2 During 2012, we sold about 110 billion dollars worth of stuff to the Chinese, but they sold about 425 billion dollars worth of stuff to us.  That was the largest trade deficit that one nation has had with another nation in the history of the world.
#3 Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.
#4 China now has the largest new car market in the entire world.
#5 China has more foreign currency reserves than anyone else on the planet.
#6 China is the number one gold producer in the world.
#7 China is also the number one gold importer in the world.
#8 The uniforms for the U.S. Olympic team were made in China.
#9 85 percent of all artificial Christmas trees are made in China.
#10 The new World Trade Center tower is going to include glass that has been imported from China.
#11 The new Martin Luther King memorial on the National Mall was made in China.
#12 One of the reasons it is so hard to export stuff to China is because of their tariffs.  According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.
#13 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.
#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#15 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
#16 Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.
#17 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.
#18 China now produces more than twice as many automobiles as the United States does.
#19 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.
#20 After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government.  The price for entering into many of these “joint ventures” was a transfer of “state of the art technology” from General Motors to the communist Chinese.
#21 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.
#22 The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.
#23 China’s number one export to the U.S. is computer equipment, but the number one U.S. export to China is “scrap and trash”.
#24 The U.S. trade deficit with China is now more than 30 times larger than it was back in 1990.
#25 China now consumes more energy than the United States does.
#26 China is now the leading manufacturer of goods in the entire world.
#27 China uses more cement than the rest of the world combined.
#28 China is now the number one producer of wind and solar power on the entire globe.
#29 There are more pigs in China than in the next 43 pork producing nations combined.
#30 Today, China produces nearly twice as much beer as the United States does.
#31 Right now, China is producing more than three times as much coal as the United States does.
#33 China now produces 11 times as much steel as the United States does.
#34 China produces more than 90 percent of the global supply of rare earth elements.
#35 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.
#36 A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.
#37 15 years ago, China was 14th in the world in published scientific research articles.  But now, China is expected to pass the United States and become number one very shortly.
#38 China now awards more doctoral degrees in engineering each year than the United States does.
#39 The average household debt load in the United States is 136% of average household income.  In China, the average household debt load is 17% of average household income.
#40 The Chinese have begun to buy up huge amounts of U.S. real estate.  In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011.
And what we have seen so far may just be the tip of the iceberg as far as Chinese "investment" in U.S. real estate is concerned.  The following is a brief excerpt from a Bloomberg article that was posted just last week...
China is studying the possibility of investing a portion of its $3.4 trillion in foreign-exchange reserves in U.S. real estate, said two people with direct knowledge of the situation.
The State Administration of Foreign Exchange began the study after seeing signs of a recovery in the U.S. property market, said the people, who asked not to be identified as they weren’t authorized to speak publicly about the matter. China may acquire properties, invest in real estate funds or buy stakes in property companies, they said. The safety of the investments will be the top priority, said the people, who didn’t elaborate on a timetable or other details.
So what can we do about all of this?
Unfortunately, not a whole lot.  Both major political parties seem to be fully convinced that merging our economy with the economy of communist China is a great idea.  I would not expect major changes in our policies regarding China any time soon.
For now, I will just leave you with one piece of advice...
Learn to speak Chinese.  You might need it someday.
Is China Going To Dominate America?
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