More like Sucks Net!!!111
So, I guess China’s bought a lot of their industrial infrastructure hardware from Siemens. I’ve worked on the computers that Siemens uses to operate their industrial equipment and I know first-hand that it has no business being connected to any kind of computer network. As of 2007 the Germany’s GE was still shipping computers using pre-SP1 copies of Windows XP Pro. And even if you wanted to you weren’t really supposed to patch them – or install any kind of anti-virus software on there.
A lot of news media will show close-ups of computer keyboards or a screen full of source code in an attempt to use a graphic to display visual imagery of computer malware. This is amusing.
In an attempt to be equally amusing I’m including this animated GIF of a quasi-famous prairie dog.
More on Physorg.
It appears the Peoples Republic of China is displeased with Google.
The LA Time reports that the Google corporate executive site on some servers redirects to a Chinese webpage.
Other Google properties that seem to be affected include the guest-facing side of Google Analytics.
I guess it makes sense because. It was just this sort of shenanigans that got Google mad in the first place.
Oh, China! You think you’re soooooo tough, don’t you?
(In case you can’t tell I’m rooting for Stanford on this one).
The official news outlet of the Communist Party of China is doing its best to counter with a little PR attack. They are pointing out that Google can’t complain about complying with censorship requests of its host government because it willing does so when it filters out neo-Nazi results from its German sites.
Obviously, this is a little different from colluding with an oppressive regime to expose political dissidents.
As it moves to bolster its middle class, China looks as if it may, for the first time in nearly a quarter century, incur a deficit with its US trade partner.
Chinese shares fell Tuesday as investors unloaded bank and property shares amid forecasts for a trade deficit in March that have raised uncertainties over the economic recovery.
via China shares fall on forecast of trade deficit in March, led by banks and developers | Markets | Market News | Canadian Business Online.
But China has a history of taking debt off its books and burying it, which should prompt us to poke and prod its numbers. If we go back to the last time China cooked the national books big time, during the Asian currency crisis of 1997, we can get an idea of where its debt might be hidden now.
via Jim Jubak: Is China broke? Hidden debt burdens Asia giant – MSN Money.
Saudi Arabia’s oil exports to the US last year sank below 1m barrels a day for the first time in two decades just as China’s purchases climbed above that level, highlighting a shift in the geopolitics of oil from west to east.
via FT.com / Global Economy – China taps more Saudi crude than US.
We don’t know what happened yesterday, but two seismic monitoring stations some 1300 miles apart both reported an 8.6 earthquake in China. Maybe it was a weapons test.
via Did An 8.6 Quake Hit China?.
Below its 200-day moving average the EUR has breached the floodgates. To what or to where is the million dollar question. The fear that Greece’s budget deficit woes cannot be contained and possibly filter throughout the region has unnerved investors and increased risk aversion actions. The US sub-prime debacle started this way, small, ballooned and morphed within the banking industry. Even the European finance ministers have increased the heat on the Greek government to step up its budget-cutting efforts. With Chinese’s bourses falling for a third consecutive day after news that regulators have told banks to restrict further lending has, by default, increased the demand to own the world’s ‘reserve currency’ the dollar for surety reasons. We are back to buying dollars and wearing diamonds for the time being at least.
via China Chokes Credit while EUR plummets | OANDA Forex Blog.
China, which roiled global markets early today after signaling another move to tighten bank lending, will be center stage again tonight with a slew of economic data.
The question is whether the numbers will be so strong that the government will feel compelled to take additional steps to brake the economy and deflate potential asset bubbles.
With the sustainability of the global economic recovery still in doubt, a marked slowdown in China would be unwelcome in much of the world — and particularly to suppliers of raw materials and other commodities.
via Markets brace for reports on China’s economy | Money & Company | Los Angeles Times.