RUTHFULLY YOURS

https://www.nationalreview.com/corner/china-continues-crackdown-on-companies/

The Chinese Communist Party has tightened its grip over its political and economic system in a number of high-profile moves. From silencing those who mention Taiwan’s independence to quashing Hong Kong’s independence, the CCP is aggressively targeting people and institutions that it deems a threat. A new Bloomberg report finds that the Communist Party will be closing a legal loophole that benefitted Chinese tech companies. This change has worried U.S. investors and politicians who are rightly concerned about whether China is stable enough to invest in.  

The China Securities Regulatory Commission is amending a rule that mandates companies get approval from the Chinese government to list their companies in the U.S. or Hong Kong. Before, tech companies were able to maneuver around this rule by setting up companies offshore. This loophole has been quite lucrative for Chinese firms, which have raised over $75 billion in first-time share offerings in the United States. Despite the financial success of companies that have used this loophole, Bloomberg reports,

The proposed change is the first indication of how Beijing plans to implement a crackdown on overseas listings flagged by the country’s State Council on Tuesday. Closer oversight would plug a gap that’s been used for two decades by technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. to attract foreign capital and list offshore, potentially thwarting the ambitions of firms like ByteDance Ltd. contemplating going public outside the mainland.

Since the American and Chinese economies are increasingly intertwined, this is not only a problem for Chinese consumers. CNBC reported that the $2 trillion Chinese tech market has been a major object of American investment. This means that any volatility in the Chinese market can deeply affect our own economy. Politicians are becoming more aware of this issue. The Financial Times reported that Marco Rubio said,

“American investors still have no insight into the company’s [DiDi, a Chinese ride-sharing app] financial strength because the Chinese Communist party blocks US regulators from reviewing the books,” Rubio said. “That puts the investments of American retirees at risk and funnels desperately needed US dollars into Beijing.”

All of this volatility is projected to have a negative effect on the Chinese economy because regulating companies hurts growth and stifles innovation. Xi Jinping’s attacks on his own country’s firms show the dangers of a socialized economy. More important, it should serve as a warning to American investors who heavily invest in foreign, state-run economies. America can’t stop the Chinese Communist Party’s authoritarianism from hurting its own economy, and American investors should be careful tying their financial success to China’s benevolence.

https://www.theepochtimes.com/more-than-500-chinese-stem-students-denied-visa-to-the-us_3890384.html

More than 500 Chinese STEM students’ visa applications to study at major American universities were recently rejected by the U.S. government over security concerns, Chinese media reported. The news sparked debate on Chinese social media and netizens claim that most of the student visa applicants are from Chinese universities that have ties to the Chinese military.

On July 7, Chinese state-run newspaper China Daily reported that at least 500 Chinese students who are majored in STEM (science, technology, engineering, and mathematics) were denied visas by the U.S. Embassy and Consulates on the grounds of violating Section 212(f) of the U.S. Immigration and Nationality Act and Presidential Proclamation 10043.

Section 212(f) gives the U.S. president the power to deny entry of aliens or non-U.S. nationals who are deemed detrimental to the interests of the United States. Based on that statute, former President Donald Trump issued Proclamation 10043 on May 29, 2020, titled “Suspension of Entry as Nonimmigrants of Certain Students and Researchers From the People’s Republic of China,” in response to China’s technological theft through its researchers and students studying at American universities and research institutes.

According to China Daily, the visa applicants are all graduate students who have been accepted by American universities—including Harvard University, Yale University, University of California at Berkeley, Massachusetts Institute of Technology, and Johns Hopkins University—to study for a doctoral or master’s degree in the United States. Most of them are studying engineering, computer science, machinery, chemistry, materials science, biomedicine, and other science programs.

After their visa applications were rejected, more than 500 Chinese STEM students co-signed a letter that circulated on Chinese social media, asking the U.S. government to resolve the so-called “discrimination and suppression” of Chinese students.

https://www.frontpagemag.com/fpm/2021/07/india-muslim-politician-demands-all-deputy-chief-ashlyn-davis/

Adding to his party’s list of bizarre demands, Syed Asim Waqar, leader of the Islamic political party All India Majlis-e-Ittehad-ul-Muslimeen, has asked all states to appoint Muslims as Deputy Chief Ministers (CM). The Muslim leader has skillfully made this demand just before the Uttar Pradesh State elections, to polarize the electorate.

Waqar asserts that other political parties, such as the secular Congress and the socialist Samajwadi Party, must put forward their views on this issue. Waqar has expressed disappointment in politicians who approach the Muslims for votes but grow apprehensive when Muslims demand a Muslim Deputy CM. He complained that the Muslims were not given the promised 12% representation in 2012, and proclaimed, “We will definitely snatch away the Deputy CM post from them. You will have to make a Muslim the deputy CM of the state.” He also claimed that it’s only a matter of time before political parties agree to give the Deputy CM position to the Muslims. That this democratic post should be reserved for Muslims only is a fanciful idea that abolishes the very principles of democracy and secularism on which India is predicated.

Anyhow, what we must ponder is this: why is it that after 70 years of independence, a Muslim politician wants a special privilege for Muslims in a democratic state? It is not because India has denied them participation in the federal structure.

The Islamic rule in India that lasted for several centuries was marked by large-scale religious conversions and orchestrated mass massacres. When the British decided to leave, the man who became the founder of Pakistan, Muhammad Ali Jinnah, demanded an Islamic country for his people, and his demand was met. Unlike the Hindus, who were forced to leave the Islamic provinces of Pakistan and East Pakistan (present-day Bangladesh), a large number of Muslims chose not to relocate to Pakistan, and stayed back in India with assurances of safety and equality extended by the leaders who were leading the country at that time.

Muslims in India, from the genesis of its democracy, were appointed to key positions in the government. India’s first-ever Education Minister was Maulana Abul Kalam Azad, who was born in Makkah. He was home-schooled and self-taught. The Indian education system doesn’t recognize these concepts, but cordially extended the education ministry to a Maulana whose proficiency was in Islamic studies, the Quran, the Hadith, and Sharia. He had also learned other contemporary subjects from tutors hired by his parents. This should explain why the Islamic invasion in India has been glorified in school textbooks and invaders been introduced as great emperors.

Eminent Muslim personalities have been voted into the highest office of India, that is, the President’s office, multiple times; Zakir Hussain, Fakhruddin Ali Ahmed, and A. P. J. Abdul Kalam have served as President, and Mohammad Hidayatullah served as acting President for a limited time as well.

https://www.frontpagemag.com/fpm/2021/07/anni-cyrus-video-my-horrific-plight-under-sharia-frontpagemagcom/

This new Glazov Gang episode features Anni Cyrus, an artist, the producer of The Glazov Gang, the founder of Live Up To Freedom and National Director of American Truth Project.

[Learn more about how Anni has joined Mike Lindell in his fight for freedom and also about her new Etsy Channel.]

Anni shares her Horrific Plight Under Sharia Slavery, unveiling the true roots of Islamic child marriage.

Don’t miss it!

https://www.frontpagemag.com/fpm/2021/07/india-public-school-organizes-summer-camp-promote-ashlyn-davis/

A shocking and communally charged invitation put out by a Moradabad school has come under scrutiny and led to tremendous public fury in India, except, of course, among the Muslims. The Delhi Public Global School had set up a summer camp for students aged 8-15, intending to impart Islamic education online. The school also created a website to further this purpose. The colorful pamphlet posted on the school’s official site featured the image of the Ka’ba, along with a green structure resembling a mosque, accompanied by the text, “How to Adopt Islamic Values in Personal Life.” The subjects listed on the agenda to be discussed in the summer camp were, among others, “What is Islam?,” “How to understand Qura’an,” and “Responsibility of a Muslim.” It was supposed to be a two-day schedule with the sessions lasting three hours each.

The poster triggered massive outrage on social media. We must emphasize that the Delhi Public Global School is not a madrassa running on Islamic principles. It is affiliated with the Central Board of Secondary Education, which is a national level board of education under the purview of the Union government of India. Various Hindu groups have alleged that the school is attempting to change the mindset of pupils from non-Muslim families, so that they will embrace Islam. The fact that the Moradabad school is focusing on students in the developing years of their lives, a time when they have malleable minds and are easily indoctrinated, supports the allegations brought by the Hindu groups.

The Hindu groups, led by Vishwa Hindu Parishad (World Hindu Council, VHP) and the Akhil Bharatiya Vidyarthi Parishad (All Indian Student Council, ABVP) have strenuously objected to the “attempts at Islamization” of the English medium school. “This type of religious education for kids coming from other faiths is targeted towards changing their beliefs and converting them to Islam,” said ABVP representative Sachin Singh. The VHP, on the other hand, has warned the management that it would launch a social media campaign against the school.

Responding to the massive indignation, School Manager Mansoor Siddiqui (a Muslim) explained, “We had picked up these subjects to draw in Muslim students for the summer camp and inculcate nationalistic values in them. We had no intention of hurting anyone’s religious sentiments or promoting religious conversion.” The school management supported its decision to consider these religiously motivated topics by noting that over 90% of students in their school hailed from Muslim families.

https://www.politico.com/news/2021/07/04/massive-ransomware-attack-498089

BOSTON — Cybersecurity teams worked feverishly Sunday to stem the impact of the single biggest global ransomware attack on record, with some details emerging about how the Russia-linked gang responsible breached the company whose software was the conduit.

An affiliate of the notorious REvil gang, best known for extorting $11 million from the meat-processor JBS after a Memorial Day attack, infected thousands of victims in at least 17 countries on Friday, largely through firms that remotely manage IT infrastructure for multiple customers, cybersecurity researchers said. They reported ransom demands of up to $5 million.

The FBI said in a statement Sunday that it was investigating the attack along with the federal Cybersecurity and Infrastructure Security Agency, though “the scale of this incident may make it so that we are unable to respond to each victim individually.”

President Joe Biden suggested Saturday the U.S. would respond if it was determined that the Kremlin is at all involved. He said he had asked the intelligence community for a “deep dive” on what happened.

The attack comes less than a month after Biden pressed Russian President Vladimir Putin to stop providing safe haven to REvil and other ransomware gangs whose unrelenting extortionary attacks the U.S. deems a national security threat.

A broad array of businesses and public agencies were hit by the latest attack, apparently on all continents, including in financial services, travel and leisure and the public sector — though few large companies, the cybersecurity firm Sophos reported. Ransomware criminals break into networks and sow malware that cripples networks on activation by scrambling all their data. Victims get a decoder key when they pay up.

The Swedish grocery chain Coop said most of its 800 stores would be closed for a second day Sunday because their cash register software supplier was crippled. A Swedish pharmacy chain, gas station chain, the state railway and public broadcaster SVT were also hit.

https://www.gatestoneinstitute.org/17489/erdogan-miscalculation-air-power

Turkey is still blackmailing the U.S. (and NATO allies) that it may opt for a Russian fighter jet, the Su-57, for instance, in case it feels threatened by the lack of a new generation fighter aircraft. This is bluffing.

Turkish Air Force generals know too well that switching from NATO-standard aircraft to Russian ones after 70 years is not like changing your American car in favor of a Japanese one. Building a new operational structure, modifying air bases, new repair, service and maintenance systems will be too costly, time consuming and technologically difficult.

Erdoğan’s top officials are undermining themselves when they try to convince the public that Turkey’s local defense industry is making miracles in fighter jet technology.

In the meantime, fearing further U.S. sanctions, Turkey has suspended plans to activate the S-400 surface-to-air missile system…. This means Ankara paid a good $2.5 billion to Moscow for a system that it probably will never activate.

“This is a sale. We received our money. The Turks can ride the missiles to go to the beach or to carry potatoes with them. It’s not our concern.” — Aleksey Yerhov, Russia’s ambassador to Ankara, mocking Turkey’s reluctance to activate the S-400 surface-to-air missile system, onedio.com, July 6, 2020.

One of the hottest issues in the 50-minute discussion between Turkish President Recep Tayyip Erdoğan and U.S. President Joe Biden during the NATO summit of June 14 was NATO member Turkey’s acquisition of the Russian-made S-400 long-range air defense system and subsequent U.S. sanctions, including expelling Turkey from the U.S.-led multinational consortium that builds the F-35 fifth-generation fighter jet. Unsurprisingly, the meeting ended without a solution. That is bad news for the Turkish Air Force (TuAF).

For more than a decade, Turkey’s military top brass planned future air power capabilities based on the assumption that they would be receiving at least 100 F-35s starting in the 2020s. The TuAF operates squadrons of fourth-generation U.S.-built F-16s and older F-4s in its operations against separatist Kurdish militants in Turkey’s southeast as well as in northern Iraq and Syria. Turkey first began acquiring the F-16s from the U.S. in late 1980s and has locally produced the iconic fighter jet under license, being one of the five countries to locally produce the aircraft. Today, TuAF has a total of 270 F-16C/D aircraft in its inventory, all of them Block 30/40/50 models. Most of those aircraft will have to be phased out within the next 10 to 15 years, depending on their upgrades. Whether Congress will allow the sale of fighter jet parts and servicing for upgrades is another question mark.