Sale of a Stock Exchange

Good idea?

The Chicago Stock Exchange wants to sell itself to Chongqing Casin Enterprise Group, a Chinese conglomerate whose parent is CHX Holdings Inc.  Never mind that this would be a camel’s nose of the People’s Republic of China into our financial system and expose it to PRC hacking, disruption, theft, etc, etc, etc.

Fortunately, a collection of Congressmen persuaded the SEC to indefinitely delay the sale and purchase.  Unfortunately, the deal hasn’t been killed altogether.

Casin…says it is independent of the Chinese government.

Of course it is. In a nation that is increasing its autocratic control over its economy and the businesses in it.  Sure.

Contra such blandishments, there aren’t any businesses in the PRC that aren’t under government control, whether those businesses are owned by the government or the CPC or operate outside formal ownership: mainland Chinese businesses have government apparatchiks, “advisors,” and CPC monitors in their management staffs.

CHX…says its policies will prevent confidential data from being shared with the new Chinese owners.

And we believe them. In a nation that rules by law instead of being a nation under rule of law, a nation that changes its laws for the convenience of those persons in power, CHX would never alter—or simply ignore—”policy;” it would never steal confidential data.

Sure.

No, not a good idea.  Not this time.  Not this buyer.  Not a good idea at all.

Another Cynical Mueller Leak

Special counsel Robert Mueller is examining what role, if any, former national security adviser Mike Flynn may have played in a private effort to obtain Hillary Clinton’s emails from Russian hackers, according to people familiar with the matter.

It’s becoming increasingly crystalline that, whatever purpose Special Counsel Robert Mueller has in his “investigation,” it’s a dishonest one.  That’s the only reason that occurs to me for his careful string of “leaks” to the public, of which this is only the latest.

Investigators working for Mr Mueller have been conducting interviews and collecting information as they seek to determine whether Mr Flynn was involved in Mr Smith’s effort, and if his son, Michael G Flynn, and the consulting firm Flynn Intel Group had a role, the people said.

There’s just no reason for these leaks to be occurring, and they could not be, in their number or in the length of the ongoing stream of them, without Mueller’s active approval.

And this especially potentially damaging leak:

US officials with knowledge of the intelligence said investigators also have examined reports from intelligence agencies that describe Russian hackers discussing how to obtain emails from Mrs Clinton’s server and then transmit them to Mr Flynn via an intermediary.

While it’s easy enough for thinking persons to speculate that such intelligence agency reports exist, the fact of their existence is likely classified.  While it’s easy enough, also, for thinking persons to draw conclusions of their own consistent with what these leaked intel reports appear to claim, the reports’ contents and conclusions, even in general terms, likely are classified, also.  How is this sort of information being leaked?  Why is Mueller allowing it?

Peter Carr, a spokesperson for the special counsel, declined to comment.

Of course he did.  If Mueller or any of his team spoke on the record, they’d be unable to release as much “information” regarding this ongoing investigation.

We’ll See

In an unprecedented move against North Korea, China on Monday issued an order to carry out the United Nations sanctions imposed on the rogue regime earlier this month.

Of course, in the days immediately following the first meeting between President Donald Trump and the People’s Republic of China President Xi Jinping, just after Trump’s inauguration, the PRC acted like it was going to start honoring then-existing sanctions against northern Korea.

That turned out to be just an act.  Is the present “order” serious, or is it just another empty gesture?

We’ll see, indeed.

A Disingenuous Protest

The PRC is upset over a US Navy ship sailing innocently in international waters.

The USS John S. McCain sailed within six nautical miles of Mischief Reef in the disputed Spratly Islands on Thursday as part of a “freedom of navigation operation,” US officials told news agencies.

Geng Shuang, the PRC’s Foreign Ministry Deputy Director General (Department of Information, Ministry of Foreign Affairs) claimed that the McCain’s passage

severely undermines China’s sovereignty and security.

This is disingenuous: the PRC has no sovereignty or security concerns involving the Spratlys (or any other part of the South China Sea, come to that).  Any sovereignty question involves only Malaysia, the Philippines, Taiwan, and Vietnam, the claimants to the group.

Foolishness

German Chancellor Angel Merkel is fully engaged.

Germany will very intensively take part in the options for resolution that are not military….

Her alternative?

I see the need for enduring work at the UN Security Council…as well as tight cooperation between the countries involved, especially the US and China.

Because that’s worked so well in the past.  The UN resolutions have stopped northern Korea from building nuclear weapons and developing the means to deliver them?  Nope.  Not over the decades they’ve been tried.  The PRC has worked so closely with us to curb the PRC’s dog?  Nope.  The PRC is one of the biggest violators of UN sanctions, and even now they’re doing nothing material.

At best, Merkel is breathtakingly naïve.  Unfortunately, to closely paraphrase then-French President Jacques Chirac from a surprisingly related venue:

It is not really responsible behavior. It is not well brought-up behavior. [She] missed a good opportunity to keep quiet.