...A blind legal activist who fled house arrest in his Chinese village is under the protection of American officials, overseas activists said Saturday, putting the U.S. in a difficult position days ahead of a visit by Secretary of State Hillary Rodham Clinton.
Chen Guangcheng, who has exposed forced abortions and sterilizations in villages as a result of China's one-child policy, escaped a week ago from his guarded home in Shandong province in eastern China. Chinese-based activists say he was driven away by supporters and then handed over to others who brought him to Beijing.
have read many articles on H.R. 3606 recently signed into law by
President Barack Obama. And
a lot of people crying foul, corruption etc. Most
commentators feel, or fear, or predict, that H.R 3606 (that has many
articles, provisions, paragraphs, and amendments to protect the
investors), including Reopening American Capital Markets to Emerging,
Access to Capital for Job Creators, Crowdfunding, Small Company
Capital Formation, Private Company Flexibility and Growth, Capital is going to let fraudsters, and Wall Street, run amoc, and
have a huge payday and bonuses at the expense of the savings and
resources of the average American investor.(
Yes, Virginia, the Giant Squid was praying and begging for H.R.
In the cases of the GROUPON ipo I have noticed much less blogposts
and tweets and tears and web activity. GROUPON has been accused of
accounting practices that misrepresented its financial position to
investors of the initial public offering. GROUPON's
stock price the last 52 weeks dived from $ 31.14
to $ 11.02 !!!!!
current market value on Friday April 27, 2012 was $ 7,549,075,925.
It used to be close to 20,000,000,000 USD. Guess who's missing the
13,000,000,000 USD ?
businesses need capital to expand. Instead of going the angel
investor way start-ups
can now look for financing up to 1M USD through an intermediary and
make the offering public, straight to the investors, through the web. Let's say that H.R. 3606 is
abused and out of 1.000 investment offers an outrageous, unthinkable
50% are scams run by fraudsters (1.000 X 50% X 1.000.000=500.000.000
USD). If that pure science fiction ratio (fraudsters 50% to legit
50%) materializes the money that the investors stand to lose are
peanuts compared to the devaluation of the stock of GROUPON.But
the rest of the legit start-ups are going to create more jobs than
before unlike much-hyped ...”castles
in the sand”.
America needs more innovators with access to capital, more job
creators not people losing their homes and standing in the
a few months time, I sincerely hope that lots of people are going to
wish that H.R. 3606 became a reality the first year of the Obama