Posted on 07/06/2018 5:15:21 PM PDT by SpeedyInTexas
A federal judge has ordered China's largest wind-turbine firm, Sinovel, to pay $59 million for stealing trade secrets from a Massachusetts-based technology company. Last January, Sinovel was found guilty of stealing trade secrets in federal criminal court in Madison, Wis. The company paid an Austria-based employee of American Superconductor Corp. to steal its source code for software that powered wind turbines.
(Excerpt) Read more at npr.org ...
And yet, some FRers think the US is wrong for the trade war...
Goldman Sachs will “strongly” protest any punitive judgements against China.
Goldman Sachs will win. The House always wins..!!
Chinese stealing US technology??!!
REPUBLICANS: CUT OFF THE SUM’BITCHES FROM OUR MARKETS!!
DEMOCRATS: OH, IT’S JUST FREE TRADE!! DON’T YOU DARE TRY TO ENFORCE TRADE LAWS!!
The wind was free and they broke it.
Only 59 million, no royalties on products they keep selling with the stolen software, no stop using the stolen code.
Golden Sacks isn’t doing well these days.
Goldman Sachs, Morgan Stanley left out of the rally in bank stocks after Fed stress test blunder
https://www.cnbc.com/2018/06/28/goldman-sachs-morgan-stanley-keep-dividends-andbuybacks-unchanged-af.html
They are too big to fail, but not too big to get hurt. They bet on the wrong horses last year.
“US company lost 1 billion in stock market value (and 700 jobs gone) and only gets $59 million compensation.”
IF the Chicoms pay. BIG doubt here.
They also made a settlement that includes licensing of the product.
Still, the cheaters won big time IMO too.
The Banks hosed up the energy markets.
Every Market Participant thought they were the smartest people in the room.
Kinda like Enron.
I’ll say it again, the Chinese economy has been based entirely on fraud and theft of intellectual property for thousands of years. Whatever it took to make the quota assigned to you by your prefecture’s warlord, whether it was stealing somebody else’s product and calling it your own, or adding Y amount of filler to your X amount of product so you could say that you’ve produced X+Y amount of product, that’s what you did. It’s always their first inclination, because it’s more or less in their genes now.
Oh fer ....... billy jeff GAVE everything to ‘em for campaign cash 20 years ago !
You bet. They're part of the problem and are afraid they might personally lose a few bucks. Too bad.
The era of, "Profits regardless of consequences" is coming to an end.
There are a (lot) of “republicans” who are 100% sold out to China.
100%.
Both parties have been selling us out, for the last generation and a half.
Yep - we do have our batch of "those who make one scratch one's head" types here...most are more concerned with personal inconveniences than making things right - no different than the "Gimme gimme gimme that free stuff" Dems they claim to be different than.
Is “Sinovel” Mandarin for “rains burning parts from on high”?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.