Blogging has been off lately – yeah, of course, the holidays, right?
That hasn’t been too bad…but the touch of pneumonia has been another story.
Things are on the upswing…and hopefully will continue to be so.
Monthly Archives: December 2007
More Holiday Cheer!
Crisis may make 1929 look a ‘walk in the park’
This piece from The London Telegraph’s ace reporter/commentator Ambrose Evans-Pritchard will do nothing to calm your economic nerves, but then again, it looks more and more like it’s time to be as alarmed as we have sense to be. This is only the latest in a series of unsettling observations on the current state of the financial system.
As the credit paralysis stretches through its fifth month, a chorus of economists has begun to warn that the world’s central banks are fighting the wrong war, and perhaps risk a policy error of epochal proportions.
“Liquidity doesn’t do anything in this situation,” says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression. “It cannot deal with the underlying fear that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue,” she adds.
But wait…there’s more:
York (UK) professor Peter Spencer, chief economist for the ITEM Club, says the global authorities have just weeks to get this right, or trigger disaster. “The central banks are rapidly losing control. By not cutting interest rates nearly far enough or fast enough, they are allowing the money markets to dictate policy. We are long past worrying about moral hazard,” he says. “They still have another couple of months before this starts imploding. Things are very unstable and can move incredibly fast. I don’t think the central banks are going to make a major policy error, but if they do, this could make 1929 look like a walk in the park,” he adds.
and more:
“The kind of upheaval observed in the international money markets over the past few months has never been witnessed in history,” says Thomas Jordan, a Swiss central bank governor.
Not only is this article well worth noting…the accompanying comments in the Telegraph are too. This one, unfortunately seems to succinctly summarize the situation:
“The Central Bank’s choices are simple: let the banks fail or let the money fail. A US 1929 style depression or a German 1922 style hyperinflation.”
Merry Christmas!
WSJ: The importance of a strong Navy
This relates to our current and future circumstances, as well as to an earlier posting concerning the sad decline of the Royal Navy.
On Dec. 16, 1907, the 16 battleships of the U.S. Atlantic Fleet sailed from Hampton Roads, Va., on a 43,000-mile journey around the world. The occasion was immediately understood as Teddy Roosevelt’s way of declaring that the United States, already an economic superpower, was also a military one. Unnoticed by most Americans, this past Sunday marked its centennial.
There is an enduring, bipartisan strain in American politics (think Ron Paul and Dennis Kucinich) that wishes to forgo the military role. As wonderfully recounted by Jim Rasenberger in “America 1908,” the voyage of the Great White Fleet, as it was popularly known, was energetically opposed by members of Congress, who sought to cut off its funding when it was halfway around the world. Sound familiar?
Even as many in Congress (and elsewhere) would like to repeal the need for us to be actively engaged and capable of militarily maintaining our proper interests in the world, nothing in our history has repealed the truths noted by Adm. A.T. Mahan and which were known to T.R. as we built and deployed the White Fleet.
Whatever the procurement problems or tactical issues, a supremely powerful Navy is not a luxury the U.S. can safely dispense with. In September, ships of the People’s Liberation Army Navy made their first-ever port calls in Germany, France, Britain and Italy, and Chinese admirals are frequent guests on American warships. “The Chinese Great White Fleet is not too far off on the horizon,” says a senior Navy official in a recent conversation.
China’s current rise, like America’s a century ago, is not something anyone can stop. It can be steered. Making sure our vision for the Navy stays true to Teddy Roosevelt’s is one way of ensuring the Chinese don’t make the mistake of steering it our way.
We ignore our history and current situation at our mortal peril.
Intel Report Status
Washington’s bureaucratic establishment contradicted iteself with the much ballyhooed N.I.E. (National Intel. Estimate) concerning Iran’s nuclear status. The Chief was, and is of the opinion that said report constituted prima facie evidence of treason within a bureaucracy out to politically emasculate the administration policies at all cost – including that of harm to the national security of the United States, by rendering aid and comfort to a self-proclaimed enemy of the United States: the government of Mahmoud Ahmadinejad.
Now comes said Ahmadinejad giving HIS evaluation of the report.
Iran’s president said on Sunday the publication of a U.S. intelligence report saying Iran had halted a nuclear weapons program in 2003 amounted to a “declaration of surrender” by Washington in its row with Tehran.
Now, what part of “aid and comfort” is so hard to understand?
Meanwhile, the validity of the N.I.E. itself may well have minimal credibility.
An exiled opposition group, the National Council of Resistance of Iran (NCRI), last week said Iran shut down its nuclear weapons program in 2003 but said restarted it a year later, dispersing equipment to thwart international inspectors.
This does NOT give the Chief a warm glow, other than heartburn.
Bankers: Recession in the Offing
Morgan Stanley issues full US recession alert
Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a “perfect storm” for consumers as the housing slump spreads.
In a report “Recession Coming” released today, the bank’s US team said the credit crunch had started to inflict serious damage on US companies. “Slipping sales and tightening credit are pushing companies into liquidation mode, especially in motor vehicles,” it said.
Avast! Batten down the hatches!
Clean up our act, or more inflation? Inflation wins!
Bank of England and Fed act to ease crisis
The Bank of England this afternoon announced it is clubbing together with its fellow central banks to conduct a major rescue operation for the world’s stricken money markets. In an unprecedented move, the Bank said it and the Federal Reserve, the Bank of Canada, the European Central Bank and the Swiss National Bank were taking measures to “address elevated pressures in short-term funding markets.”
It comes amid growing concern for the fate of the money markets and stock markets in London and New York, after interest rate cuts by the Fed and the Bank’s Monetary Policy Committee failed to improve the increasingly negative mood
Heaven fordid that BANKERS should have to lose any money!
Study: Global Climate Unlinked from CO2
Sun, Not Man, Main Cause of Climate Change, New Study Says
The Chief has been following the science on this for some time. In spite of the scientific mantle assumed by the IPCC, its much-ballyhooed major “scientific” paper cited ad nauseum by AlGor and others selectively ignored science that ran counter to its pre-determined and politically driven summary conclusions.
While being certainly significant and welcome, this paper is only the latest in a series of scientific studies that rather thoroughly debunk the connection between CO2 and global warming.
According to a new study on global warming, climate scientists at the University of Rochester, the University of Alabama, and the University of Virginia found that the climate change models based on human influence do not match observed warming.
That is contrary to the views held by former Vice President Al Gore, who accepted the Nobel Prize on Monday along with the U.N.’s Intergovernmental Panel on Climate Change (IPCC) and who thinks that climate change is largely caused by human action….
The new report, which challenges the claims of Gore and the IPCC, was published in the December 2007 issue of the International Journal of Climatology of the Royal Meteorological Society.
The report was written by David Douglass at the University of Rochester, John Christy at the University of Alabama, and Benjamin Pearson and S. Fred Singer at the University of Virginia.
Throw another log on the fire.
SanFran Nan: “I’ll be good…later.”
Pelosi vows more civil approach  next year
Sort of brings to mind the sinner’s prayer: “Make me good, Lord, just not quite yet.”
Religion Becomes Bigger “Non-issue” in GOP Race
A couple of items out on this today, firstly concerning Huckabee performing a good demonstration of Orwellian double-speak.
Huckabee Questions Mormons’ Belief
One has got to assign credit where credit is due. In this case, Huckabee Finn floats a statement that, “Shucks, gee-whiz, I don’t know nuttin’ about Romney’s religion…but ain’t they the ones that say…?” as he then procedes to bring up the issue, while simultaneously saying that he’s not doing so.
Republican presidential hopeful Mike Huckabee, an ordained Southern Baptist minister, asks in an upcoming article, “Don’t Mormons believe that Jesus and the devil are brothers?”
The article, to be published in Sunday’s New York Times Magazine, says Huckabee asked the question after saying he believes Mormonism is a religion but doesn’t know much about it. His rival Mitt Romney, the former Massachusetts governor, is a member of the Mormon church, which is known officially as the Church of Jesus Christ of Latter-day Saints.
The authoritative Encyclopedia of Mormonism, published in 1992, does not refer to Jesus and Satan as brothers. It speaks of Jesus as the son of God and of Satan as a fallen angel, which is a Biblical account. A spokeswoman for the Church of Jesus Christ of Latter-day Saints said Huckabee’s question is usually raised by those who wish to smear the Mormon faith rather than clarify doctrine.
“We believe, as other Christians believe and as Paul wrote, that God is the father of all,” said the spokeswoman, Kim Farah. “That means that all beings were created by God and are his spirit children. Christ, on the other hand, was the only begotten in the flesh and we worship him as the son of God and the savior of mankind. Satan is the exact opposite of who Christ is and what he stands for.”
Romney spokesman Kevin Madden said Romney will not debate candidates on their faith or question their faith. “For those who want to know how Governor Romney’s faith informs his values, they can look at how he lives his life and how he has raised his family,” Madden said.
It would be incorrect to deny that the former Arkie Governor has no political character…it would be more accurately said that the political character he does have is that of a weasel.
Predictably (under the circumstances) enough, Romney refuses to take this with no reply.
Romney: Attacks on Religion Go Too Far
Republican Mitt Romney, amid questions about his faith raised by rival Mike Huckabee, said Wednesday that comparing political records on the stump and through the airwaves is legitimate for presidential contenders, but “attacking someone’s religion is really going too far.”
In an article to be published Sunday in the New York Times, the front-running Huckabee, an ordained Southern Baptist minister, asks, “Don’t Mormons believe that Jesus and the devil are brothers?”
Romney, vying to become the first Mormon elected president, refused to answer that question during an interview Wednesday, saying church leaders in Salt Lake City had already addressed the topic. “But I think attacking someone’s religion is really going too far. It’s just not the American way, and I think people will reject that,” Romney told NBC’s “Today” show.
Asked if he believed Huckabee was speaking in a coded language to evangelicals, Romney praised his rival as a “good man trying to do the best he can,” but he added, “I don’t believe that the people of this country are going to choose a person based on their faith and what church they go to.”
As you may be able to tell from some of the Chief’s remarks here, Romney is being overly generous to the former Arkansas governor,
GOP Wins Off-year Elections
Republicans Retain 2 Vacant House Seats
While it would be foolish to attach too much significance to this, it HAS to be a real disappointment to SanFranNan Pelosi and her fellow House Donks.
Republicans maintained control of both congressional seats that were up for grabs in special elections Tuesday in Ohio and Virginia, disappointing Democrats who had hoped to extend their gains in the House.
In Ohio, a state representative defeated a Democrat making her third run for the seat. And in Virginia, a first-term state legislator easily won.
Hopefully a sign of things to come!
NATIONAL REVIEW Speaks up on GOP Race
After getting the nod from the American Conservative Union’s David Keene last week, National Review signs onto the Romney candidacy, signaling his acceptance by what is arguably the heart of the conservative establishment.
Many conservatives are finding it difficult to pick a presidential candidate. Each of the men running for the Republican nomination has strengths, and none has everything  all the traits, all the positions  we are looking for. Equally conservative analysts can reach, and have reached, different judgments in this matter. There are fine conservatives supporting each of these Republicans.
Our guiding principle has always been to select the most conservative viable candidate. In our judgment, that candidate is Mitt Romney, the former governor of Massachusetts
The endorsement goes on with NR’s literate style to go into more detail – stuff not really new to the Chief – but IMHO welcome to see, especially considering the quality of the source.
They conclude:
More than the other primary candidates, Romney has President Bush’s virtues and avoids his flaws. His moral positions, and his instincts on taxes and foreign policy, are the same. But he is less inclined to federal activism, less tolerant of overspending, better able to defend conservative positions in debate, and more likely to demand performance from his subordinates. A winning combination, by our lights. In this most fluid and unpredictable Republican field, we vote for Mitt Romney.
The Chief concurs.
NBC to US Troops’ Support: F-off!
NBC Refuses to Run Support the Troops Ads During Holidays
A conservative organization known as Freedom’s Watch has had its advertisements rejected by NBC.
What was the heinous content of these ads?
A show of support and thanks to America’s troops serving around the world during the holidays.
Additional early reporting on this here.
ChiComs Going for new Rope-a-Dope
Pentagon eyes China nuke talks
The Pentagon this week proposed holding a strategic nuclear “dialogue” with China, as Chinese military officials asked that Congress lift its guidelines banning military exchanges with Beijing on nuclear operations.
Defense officials said yesterday that the Chinese military’s request to end the 1999 “Smith guidelines” was made during the two days of meetings between U.S. and Chinese defense and military officials that ended Tuesday.
Hmmmm. Let’s see. maybe we should do this…after all, haven’t the ChiComs been nice lately?
Officials familiar with the talks said they also included a discussion of China’s refusal to permit the U.S. aircraft carrier Kitty Hawk from docking in Hong Kong for a long-planned Thanksgiving port call.
Oh. Never mind.
If we go for this one, it’ll only prove that something in the Pentagon water turns brains to mush, and we’ll once again take on the role of Charlie Brown trying to kick the football being held by Lucy.
Oz P.M. Flips on Enviro Policy
Kevin Rudd recoils from climate change pledge
Prime Minister Kevin Rudd last night did an about-face on deep cuts to greenhouse gas emissions, days after Australia’s delegation backed the plan at the climate talks in Bali.
A government representative at the talks this week said Australia backed a 25-40 per cent cut on 1990 emission levels by 2020.
But after warnings it would lead to huge rises in electricity prices, Mr Rudd said the Government would not support the target.
Dang! What’s a pol to do? Another case of mugging by that evil thuggish reality.
Homeland Security? WHAT Homeland Security?
Iraqi officers go missing in U.S.
Here’s another heartwarming tale from cloud-cuckoo land:
Numerous Iraqi military and law-enforcement officials brought to the U.S. as part of special intelligence and training programs have run away and are seeking asylum in this country or disappeared altogether, The Washington Times has learned.
Huh?
Army officials yesterday confirmed that five Iraqi military personnel whom the Army had been training disappeared between 2005 and 2007. They did not know how many other Iraqis sponsored by the Air Force, Marine Corps and Navy may have done the same.
“Nothing that this command is aware of would suggest that any of those students who departed from their training or returned back to Iraq pose any threat to the United States,” said Harvey Perritt, civilian spokesman for U.S. Army Training and Doctrine Command (TRADOC), which oversees all the schools the Army has in the continental U.S.
OK. So there is nothing “that would suggest that any of those…pose any threat to the US.”
Reassured? Don’t be!
“We don”t know the reasons why they elected not to return to Iraq,” he [Perritt] said.
Uh…Mr. Perritt (or is he really Parrot?)…point of order here: if you don’t know their reasons for taking it on the lam, then how can you say there’s no threat? (Darned ole pesky logic raising it’s ugly head again out of turn!)
On the other hand…maybe his assumption is that they can read a newspaper…and it it works for the Mexicans…why not for them, so what’s the big deal? A valid point? Are YOU willing to bet on it? The Chief isn’t.
Extension of Corporate Ability to Sell-out US Sought by Admin.
Justice, DHS ‘still object’ to CFIUS order
National security and trade officials are deadlocked over provisions of a draft White House order aimed at bolstering the security aspects of the Committee on Foreign Investment in the United States, The Washington Times has learned.
The interagency dispute over a draft executive order on the Treasury Department-led committee, known as CFIUS, took place during several interagency meetings over the past two months, but differences on the wording and authority remain unresolved, according to officials close to the debate who spoke on the condition of anonymity.
So what’s the argument about, really?
However, the official said that the National Security Council staff are ready to push ahead with the current order despite the objections from security officials and members of Congress from both parties.
Additionally, several members of Congress have asked for briefings on the executive order but have been put off by the White House, the officials said.
At issue are the law’s implementing regulations, which critics in the administration say will limit the authority that national security agencies had to order “mitigation agreements” designed to curtail national-security threats from proposed foreign acquisitions of U.S. companies. Under the draft order, the Treasury secretary will have more power to resolve disputes when before the committee, while the White House National Security Council staff gets more authority in the appeals process.
In other words, these administration moonbat internationalist corporate lackeys want to smooth the path for a continuing program of literally and figuratively sellling out the US to the ChiComs, with minimal regard to the US’s own national security.
What’s the solution?
Rope. Tree. Traitors. Some assembly required.
Romney Testifies for God and Country
The Chief saw an evening replay of Gov. Mitt Romney’s statement today concerning faith and politics.
IMHO it was one of the best political addresses since the days of the Gipper himself.
Romney Vows to Serve ‘The Common Cause’
His campaign at a crossroads, Republican Mitt Romney said Thursday his Mormon faith should neither help nor hinder his quest for the White House and vowed to serve the interests of the nation, not the church, if elected president.
“When I place my hand on the Bible and take the oath of office, that oath becomes my highest promise to God,” Romney said in a speech that explicitly recalled remarks John F. Kennedy made in 1960 in an effort to quell anti-Catholic bias.
There are plenty of descriptions of the Governor’s remarks, in the above noted article, as well as many others. Pat Buchanan however, goes considerably farther with his impression, which is more in keeping with the Chief’s above noted evaluation:
If Mitt Romney wins the Republican nomination, it will be due in large measure to his splendid and moving defense of his faith and beliefs delivered today at the George Bush Presidential Library.
The address was courageous in a way John F. Kennedy’s speech to the Baptist ministers was not. Kennedy went to Houston to assure the ministers he agreed with them on virtually every issue where they differed with the Catholic agenda and that his faith would not affect any decision he made as president. He called himself “the Democratic Party’s candidate for president who happens also to be a Catholic.” It was like saying: “I happen to be left-handed. I can’t help it.”
Romney did not truckle. He did not suggest that his faith was irrelevant to the formation of his political philosophy. While declaring, “I will serve no one religion, no one group, no one cause and no one interest,” he did not back away an inch from his Mormon faith.
Going on, Buchanan isn’t afraid of expressing a strongly positive response:
Romney understands that while the First Amendment proscribes the establishment of religion, it guarantees the free expression of all religions, even in the public school. Supreme Court, take note. “I will not separate us from the God who gave us liberty,” said Romney.
This was a tour de force, and it was delivered before perhaps the largest audience Romney will have for any speech before the January caucuses and primaries. It will be the subject of editorials and columns in coming weeks. And it is hard to see how Romney does not benefit hugely from what was a quintessentially “American” address.
With this speech, Romney has thrown on the defensive his main rival in Iowa, Mike Huckabee, the Christians’ candidate who, when asked if Mormonism is a cult, left the impression it might well be.
The issues of religious tolerance, what it means to be a Christian in politics and of secularism versus traditionalism are all now out on the table, and will likely be the social-moral issues on which the race turns between now and January.
To this writer, Romney is on unassailable grounds. Nor is he hurt by the fact that his wife and five children testify eloquently that he is a man of principles who lives by them.
Amen.
Naval News from Across the Pond
British Site Supports R.N. Buildup & Maintenance
The Chief’s posting concerning the current sad state of the UK Royal Navy (no doubt affecting the rest of the British military also) attracted a thoughtful comment from a recently minted website over there called SAVE THE ROYAL NAVY.
Albeit a very sad day indeed when some from the Sceptered Isles find it necessary to proclaim such a need, their site looks like an excellent source of information on the British Front of the long standing struggle against the moonbat sentiments that “all we need is love” to just get along with each other and sing Kumbayah.
The Chief subscribes more to the statement of Lord Charles Beresford: “Battleships are cheaper than battles.”
Anyway, if you’re interested in the state of things over there, this looks to be a good source to check out concerning the state of the Royal Navy in its fight to survive more of the current EngSoc regime.
Venezuelan Musssolini Slapped Upside the Head by Vote
Hugo Chavez’s president-for-life bid defeated
Frankly this one took the Chief by surprise. Not the feelings of the people of Venezuela, but the admission by the Chavez regime that they actually lost the vote.
President Hugo Chavez was narrowly defeated today in a referendum on his wish to run for re-election as President of Venezuela indefinitely.
Voters said “no” by 51 per cent to 49 per cent to reforms that would have, among other things, freed him from presidential term limits, scrapped the autonomy of the central bank and given him control over foreign currency reserves, swelled by soaring oil revenues.
One has to fear that Chavez, like Dracula, will be back for another try…but for now at least, the news is better.
Savage in Islamofascists’ Cross-hairs
A number of items concerning efforts of CAIR (Congress on American Islamic Relations of Angry Islamic Radicals) to destroy and eliminate radio talker Michael Savage’s ‘Savage Nation” program because of Savage’s outspoken highlighting of the efforts and ways of the Islamofascists to impose Sharia on the world through all means necessary…including any available force.
Islamists Target Michael Savage
Americans don’t have to look to Sudan to see Islamic fanaticism and extremism in action. The Council on American Islamic Relations (CAIR) is trying to destroy the Savage Nation radio show featuring Michael Savage. Having forced the firing of radio host Michael Graham from WMAL in Washington, D.C., CAIR is trying to force independent conservative Michael Savage off the air nationally by intimidating his advertisers. Officially, CAIR claims its mission includes encouraging “dialogue.†But this is a big lie.
This so-called “dialogue†is a one-way street. CAIR has found Savage “guilty†of having an “anti-Islam†bias in the same way that a British teacher was jailed and expelled from Sudan for naming a teddy bear Mohammed.
We had better wake up fast. “They’re applying Sharia law here,†says Bill Warner of the Center for the Study of Political Islam. “In the United States we’re getting Sharia law by the inch. Islam cannot be criticized. It is a sin against Allah. What Savage has done is a grievous sin against Allah, Mohammed and Islam. They are not making this up. CAIR has no choice here. As a real Muslim, they must condemn anyone who criticizes Islam.â€Â
There’s more, well worth reading.
Nationally syndicated radio host Michael Savage has filed a lawsuit against CAIR, the Counsel on American-Islamic Relations, charging that the Muslim group has misused copyright material from his show.
The group, which identifies itself as the nation’s leading watchdog group protecting the rights of Muslims, has used clips of Savage’s radio show to raise funds and to get supporters to demand Savage’s sponsors cease advertising on his “Savage Nation†broadcasts….In the suit he alleges that instead of being what it claims to be  a civil rights organization  it is actually a political organization “designed to advance a political agenda that is directly opposed to the existence of a free society that includes respect and dignity for all people and all religions.
If CAIR is able to continue its program unhindered, it’ll be no good for us at all. Savage’s website (linked above) will be the definitive spot for tracking the course of these procedings…and will continue to link to other sources concerning this also. The Chief considers this one to be well worth watching.
Royal Navy Taking on Water
Navy would struggle to fight a war – report
As a former naval person, the Chief is saddened to see this, and is concerned over some evident declines in our own naval forces, especially in the face of the ChiCom drive towards a 600 ship fleet of their own.
The Royal Navy can no longer fight a major war because of years of underÂÂfunding and cutbacks, a leaked Whitehall report has revealed. With an “under-resourced” fleet composed of “ageing and operationally defective ships”, the Navy would struggle even to repeat its role in the Iraq war and is now “far more vulnerable to unexpected shocks”, the top-level Ministry of Defence document says.
The report was ordered by Des Browne, the Defence Secretary, who had intended to use it to “counter criticism” on the state of the Navy in the media and from opposition parties.
At least that was the plan…but it looks like the Brownian EngSoc regime got mugged by reality instead:
But in a damning conclusion, the report states: “The current material state of the fleet is not good; the Royal Navy would be challenged to mount a medium-scale operation in accordance with current policy against a technologically capable adversary.”
Key findings of Royal Navy report
• Funding shortfall is “eroding” Navy’s fighting capability
• Fleet is “ageing” and ever more “thinly stretched”
• Anti-submarine capability is now below a “prudent minimum level”
• Royal Marines’ ability to conduct amphibious operations is being “eroded”
• Too many ships are putting to sea with “operational defects”
• Navy’s ability to “deliver influence at strategic level” is under threat
• Navy vulnerable to unexpected shocks compared with 20 years ago
• In 1987 35 ships patrolled UK waters, compared with just 10 today
• New aircraft carriers “provide significant global and military leverage”
• Navy’s modern ships are more capable and cost-effective
Admittedly the last two points are hopeful, but there’s far too much that’s not for an island nation (or its friends) to feel comfortable with the current state of affairs.
Report: Nix on 3Com + ChiCom Funny Business
Intelligence report hits China deal
More blowback via Bill Gertz in the D.C. Times to the proposed merger of 3Com into a ChiCom “business”:
U.S. intelligence agencies informed a Treasury Department-led review committee recently that a merger between 3Com and a Chinese company would threaten U.S. national security, The Washington Times has learned.
Bush administration intelligence officials said the Office of the Director of National Intelligence (DNI) recently submitted a required threat assessment to the Committee on Foreign Investment in the United States, known as CFIUS, which is conducting a 30-day investigation of the proposed deal between 3Com and China’s Huawei Technologies.
The assessment, which is classified, described the deal as posing a “threat” to U.S. national security, according to officials familiar with the document.
Another maladroit attempt, with even more of a problem than the late, unlamented Dubai ports deal.