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Biden bars US investment in Chinese companies linked to surveillance

The new order is designed to bar U.S. investments in Chinese companies that produce or deploy surveillance technology used to repress individuals such as Muslim majority Uyghurs in Xinjiang and activists in Hong Kong or others throughout the world. The order lists 59 Chinese firms that are subject to the prohibitions, but the White House said that it would update the list “as appropriate,” meaning more companies could be added to it. The order takes effect on Aug. 2, approximately two months from the date that Biden signed it. ADVERTISEMENT “This E.O. allows the United States to prohibit – in a targeted and scoped manner – U.S. investments in Chinese companies that undermine the security or democratic values of the United States and our allies,” said a White House fact sheet accompanying the order.

2:00PM Water Cooler 3/30/2021 | naked capitalism

2:00PM Water Cooler 3/30/2021 | naked capitalism
nakedcapitalism.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nakedcapitalism.com Daily Mail and Mail on Sunday newspapers.

China ranked worst for biometric data usage, lack of safeguards cited concerned [details]

UK Probing 200 Scientists for Passing Research Work to China The Chinese Communist Party s algorithmic surveillance system – filtering, collecting, and analyzing staggering volumes of data flowing across the internet and justifying controls in the name of national security and social stability – is not new to the ears. Such experiments with digital surveillance pose a grave threat to the freedom of expression as well as other human rights issue and the Chinese are increasingly becoming concerned of it. Based on the collection and handling of such a vast array of data, with a lack of safeguards over its usage being cited by civic authorities, a UK-based technology firm, Comparitech, has ranked China as the world s worst offender mishandling the biometric data and even protecting them.

Latin American Countries Must Not Allow Huawei to Develop Their 5G Networks

Toggle open close Like in many regions of the world, countries in Latin America are considering foreign vendors to develop their fifth-generation (5G) wireless technology. Some countries, such as Uruguay, have already launched minor 5G projects and will begin auctioning off their 5G spectrums in 2021. Unlike previous modernizations, 5G represents a seismic technologic evolution. While the increased speeds will provide new opportunities for economic and social development, the interconnectedness and expedited data transfers also present fundamental vulnerabilities. In 2021, a number of Latin America’s leading economies, including Brazil, Colombia, and Mexico, are scheduled to auction off their 5G spectrums. Huawei despite bans in various countries due to its work on behalf of the Chinese Communist Party (CCP) remains a top contender. Allowing Huawei, and by extension the CCP, to develop Latin America’s 5G infrastructure would leave the region subservient to a regime with a prove

Biden s Inaugural Team Returns Donation from Ex-Senator Who Registered as Foreign Agent for Chinese Firm

(Photo : Larry French/Getty Images for SiriusXM) Biden s Inaugural Committee Will Return $500 Donation Former Senator Barbara Boxer donated an amount of $500 for the inauguration of President-elect Joe Biden. But the inaugural committee decided to return her donation after they found out that she registered as a foreign agent for a Chinese surveillance firm. According to a report in Axios, the firm was accused of abetting the country s mass internment of Uighur Muslims. This shows that the incoming administration will try to balance its sweeping ethics commitments with K Street s efforts to enlist high-profile Democrats to advance clients interests in Biden s Washington.

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