The Big Story – Communists looking to drones for espionage, war, and sales: An American report sent to the Taipei Times details Zhongnanhai’s interest in the unmanned aerial vehicles (UAVs) for “for intelligence, surveillance and reconnaissance and military communication relay.” That’s not all: “likely it is developing and operating UAVs for electronic warfare and lethal missions as well.” The report even predicts that the CCP “could become a key UAV proliferator, particularly to developing countries.”
Perhaps this is a good time to mention that the Chinese Communist Party has been making deals with al Qaeda, Iran, Saddam Hussein, and the Taliban – all in blatant attempts to limit American power and influence. Then there’s the Communists’ Korean colony, where the Viceroy is handing out Mein Kampf as inspiration (New York Post).
What happens when they can offer their anti-American allies, satellites, and partners drones?
Smithfield shareholder says Shuanghui buyout is too cheap, as firm lays off 122 workers: Starboard Value, an investment firm based in New York and owner of 5.7% of Smithfield’s shares, panned the sellout to Shuanghui in a letter sent to Smithfield’s Board (AP via Washington Post). Starboard “estimated the company’s value at $9 billion to $10.8 billion, or about $44 to $55 per share” – well above the $34 per share that Shuanghui is paying. Smithfield’s shareholders have yet to approve the deal; the Committee on Foreign Investment in the United States must also weigh in. Meanwhile, Smithfield’s promise that jobs will be protected in the buyout took a hit with a 122-person layoff notice (Virginia Workforce Network).
For his part, Smithfield boss Larry Pope had high praise for the Chinese Communist regime: “government helps industry move forward” (Virginia Pilot via MENAFN). Apparently, Pope did not comment on how such corporatism has led to a slew of problems with food safety – including with suitor Shuanghui.
Other American-related news: The debate as to whether Edward Snowden was a spy or a dupe continues, with “dupe” taking the lead (National Review and Epoch Times). The editors of National Review weigh in on NYU, Chen, and the Long Arm of Lawlessness. California signs an anti-global-warming deal with Shenzhen (Weekly Standard).
Corruption news: A cadre in Nanjing blows nearly half a million dollars in taxpayer money for online gaming (Epoch Times). In Guangzhou, an archaeological site that could go back 3,000 is bulldozed for a railroad; the construction firm just happens to be led by a leading cadre in Hong Kong (Epoch Times).