Many Americans are betting their retirement and pensions on the stock market. China now has companies listed in the American Stock Market and being Chinese, they may do things different-they have a different definition of morals, ethics and cheating. More than 20% of all Chinese companies listed in the USA stock exchange have been accused of fraud.
I say kudos to them, we dont really need our hard earned money do we? This is pretty scary and if we allow it, then we are fools and deserve it.
China does not play by the same rules, check your portfolio, talk to your brokers….
excerpt:
“More than 20 of the Chinese companies listed on the United State’s exchanges have been accused of fraud, China Business News reported Monday.
About 80 percent of Chinese companies listed on the US market meet the nation’s standards, but 10-20 percent of the firms provided false information, the report said, citing Stephen Paul Monticelli, president of Mosaic Investments LLC, a San Francisco-based company that has invested in Chinese firms over the past five years.”
China’s Hack Addiction- CCTV Hacks a Scene From Top Gun
Posted by wtdevflnt on January 31, 2011
In an attempt to build her credibility around the world, CCTV has allegedly shanzai’ed some footage from the movie Top Gun and claim it as their own. How sad is it when you have to hack fighter scenes from the 80′s….
Click the link to see the video, how hilarious…
from here
On Jan. 23, China’s state broadcaster, CCTV, ran a story about an air force training exercise that contained some suspicious footage.
Around the segment’s one minute 12 seconds mark (see above), as the China-U.S.-oriented blog Ministry of Tofu pointed out, “the way a target was hit by the air-to-air missile fired by a J-10 fighter aircraft and exploded looks almost identical to a cinema scene from the Hollywood film Top Gun.”
Viewers were led to believe that what they were seeing was a live fire exercise. But according to Ministry of Tofu: “A net user who went by the name “刘毅” (Liu Yi) pointed out that the jet that the J-10 ‘hit’ is an F-5, a US fighter jet. In Top Gun, what the leading actor Tom Cruise pilots an F-14 to bring down is exactly an F-5. Looking at the screenshots juxtaposition, one cannot fail to find that even flame, smoke and the way the splinters fly look the same.”
Not convinced? The Wall Street Journal’s China Real Time Report put the videos side-by-side.
http://s.wsj.net/media/swf/main.swf
The seemingly doctored footage has been removed from CCTV’s website. But Real Time China Report notes that Chinese media has in the past been caught red-handed lifting fictional U.S. material in news reports.
“In 2002, the popular Beijing Evening News tabloid translated and published as genuine a satirical news article by The Onion about U.S. Congress threatening to leave Washington D.C. unless the city built them a new building with a retractable roof,” writes Josh Chin. “Five years later, the state-run Xinhua news agency infamously used an x-ray image of Homer Simpson’s head to illustrate a story about the discovery of a genetic link to multiple sclerosis.”
CCTV has declined to comment in media reports.
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