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NEW WORLD DISORDER
Chinese have ownership in U.S. cargo monitors
Firm tied to communist regime involved in deal to set up high-tech sensors
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Posted: December 07, 2006
1:00 am Eastern
By Jerome R. Corsi
© 2008 WorldNetDaily.com
A Chinese company with close ties to the communist government owns 49 percent of the Lockheed Martin subsidiary that is negotiating a contract with the North American SuperCorridor Coalition, Inc. – the Dallas-based trade association – to place cargo monitoring sensors along as superhighway stretching from Mexico to Canada.
China's Hutchinson Port Holdings entered into a $50 million joint venture in 2005 with Savi Technology, a Lockheed Martin wholly-owned subsidiary, to form a new company called Savi Networks LLC. Savi Technology owns 51 percent and Hutchinson Port Holdings, a wholly-owned subsidiary of the Chinese holding company Hutchinson Whampoa Limited, holds the rest.
Lockheed Martin spokeswoman Leslie Holoweiko confirmed to WND that Savi Networks LLC is the company named in the contract currently being negotiated with NASCO to provide cargo sensors all along the NASCO I-35 super-corridor. If successfully negotiated, the contract would appear to give Hutchinson Holdings operational involvement all along the emerging I-35 NAFTA superhighway. Hutchinson Holdings also operates the port at L?zaro C?rdenas, Mexico.
(Story continues
Chinese have ownership in U.S. cargo monitors
Foreign Ownership of Toll Roads
Wednesday, May 28, 2008 7:32 AM
By: Paul M. Weyrich
The Reason Foundation estimates that states of the Union are facing a $9 billion a year shortfall to deal with infrastructure, mainly roads.
Governors aren’t sure what to do about the problem. The public is intolerant when it comes to raising taxes. From the public’s point of view, tolls are taxes, so raising tolls is also politically radioactive. As a consequence, more and more governors are turning to so-called private/public investments.
The latest to turn to this “solution” is Pennsylvania’s Gov. Edward G. (Ed) Rendell. At least he has been popular. But what of his announcement that the Albertis Group of Spain was the winner of major competition to lease portions of the Pennsylvania Turnpike? The multiyear lease could bring in as much as $18 billion, depending on how much of the turnpike is leased.
It would appear that the public does not like private interests leasing infrastructure. When the leasing agent is from a foreign country the opposition goes off the charts. When the National Surface Transportation Policy and Revenue Study Commission, upon which I served, took up the question of private/public investments the recommendation only passed when commissioners agreed that no foreign government or private consortium should be the leasing agent.
In other words, if states are to make a deal let it be with fellow Americans and not a foreign country.
Newsmax.com - Foreign Ownership of Toll Roads
So?
Americans don't want to raise taxes, yet we need to upgrade their infrastructure. Since we're not willing to pay for what's needed ourselves, we sell it off to others.
But that's what the American economy has become. This country needs $700 billion in foreign capital each year just to cover its balance of payments. We are a debt-ridden economy and aren't willing to pay for our own consumption. So we sell off the family silverware to pay for our indulgences.