China Is Asshoe

Inside Europe’s First National Security Seizure of a Chinese-Owned Chip-Maker;

The Dutch government has released court documents detailing the explosive national-security seizure of a Chinese-owned semiconductor firm, revealing that CEO Zhang Xuezheng fired senior European executives, transferred treasury powers to individuals “with no clear role,” and conducted more than $100 million in suspect financial transactions with Chinese-linked entities.

The disclosures, issued by the Amsterdam Court of Appeal, explain the intervention announced by the Dutch government—its first use of the Goods Availability Act, a Cold War-era national-security law—to seize control of Nexperia, a chip manufacturer headquartered in Nijmegen. The filings show that Dutch regulators and judges acted in response to a pattern of governance failures, conflicts of interest involving Zhang’s Chinese affiliates, and escalating U.S. export-control measures targeting Nexperia’s Shanghai-listed parent, Wingtech Technology Co.

According to the court, tensions inside Nexperia intensified in early September 2025. On September 4, Zhang revoked the banking mandates of the company’s Chief Financial Officer, Group Treasurer, and a senior financial officer, and reassigned them to individuals lacking treasury experience, including one person who was not employed by Nexperia. The following day, the company’s Chief Legal Officer raised formal objections, warning that the new arrangements departed from accepted corporate-governance standards.

I know, I find it hard to believe as well.

Cockroach Infestation?

It’s not a great sign when the mainstream financial media starts to pick up on news items concerning lending fraud. It makes you wonder how deep the rot really is.

CEO Jamie Dimon offered a mea culpa and a warning Tuesday when discussing the losses his bank experienced from the downfall of subprime auto lender Tricolor Holdings, saying, “It is not our finest moment” and “when you see one cockroach, there’s probably more.”

But the fall of Tricolor and a larger bankruptcy of auto parts supplier First Brands have captured attention on Wall Street, and investors are looking for signs that credit among commercial customers is weakening.

 

He Admires His Basic Dictatorship

Juno News;

Prime Minister Mark Carney’s plan to let the Canada Revenue Agency automatically file millions of Canadians’ tax returns is facing backlash from the Canadian Taxpayers Federation, which says the month-long consultation preceding the rollout was a “sham” designed to rubber-stamp a power grab by bureaucrats.

The CRA’s consultation ran for only one month, from September 9 to October 9, ending just a day before Carney’s announcement on Friday. The consultation sought online feedback from individuals and organizations about expanding “automatic tax filing” services.

The government says the program, starting in 2026, will help up to 5.5 million low-income Canadians receive benefits they’re missing, such as the GST/HST credit and Canada Child Benefit.

Critics, however, say Ottawa’s timeline shows the outcome was pre-determined.

“Carney plans to give CRA more power with automatic tax filing,” said Canadian Taxpayers Federation’s Federal Director Franco Terrazzano. “Trusting the taxman to do your return is like trusting your dog to protect your burger. CRA acting as both tax filer and tax collector is a serious conflict of interest.”

Terrazzano mocked the idea that meaningful input was possible within hours of the consultation closing. “There’s no way bureaucrats pulled an all-nighter reading through thousands of submissions before sending Carney out to make an announcement the next morning,” he said. “Asking Canadians for their opinion and then ignoring them isn’t a good look. This was a sham consultation.”

The federation argues the plan will give unprecedented control to the same agency responsible for collecting taxes. “The CRA can barely answer the phone, so Carney shouldn’t be giving those bureaucrats more busy work,” Terrazzano said. “The CRA is a bloated mess, and Carney should be cutting the cost of bureaucracy, not scheming up ways to give it more power over taxpayers.”

Related bloated mess.

End Stage Socialism

Daniel Allott;

Rolling blackouts. A worthless currency. A once-mighty industry on life support. Doctors, engineers and students leaving in droves in search of a future. That all sounds like Venezuela, but I’m talking about Cuba.

As Venezuela’s crisis deepens, another — quieter but just as dangerous — is unfolding just 90 miles from Florida. The drama may be smaller, but the danger is real. If Venezuela is wobbling, Cuba is starting to fall.

On Sept. 10, Cuba’s entire electrical grid failed, plunging nearly 10 million people into darkness. It was the island’s fourth nationwide blackout in less than a year. Even before that, much of the country was losing power for half the day. Officials blamed machinery; Cubans blamed the system.

The country’s energy network has become a patchwork of corroded plants and emergency repairs. Over the past 14 months, it has suffered a dozen nationwide outages. Years of neglect and the burning of high-sulfur crude have crippled its power stations. As U.S. sanctions tighten on Nicolás Maduro, Venezuela’s ability to keep its ally supplied with oil has withered.

Fuel shipments from Venezuela — Havana’s economic lifeline for two decades — now fluctuate wildly, sometimes dropping below 10,000 barrels a day before rebounding. Russia and Mexico have stepped in with emergency cargoes, but neither offers stability. Without steady deliveries, plants sputter and nights become suffocating. In some towns, residents cook by candlelight, charge phones at work, and sleep on rooftops to escape the heat.

Tuesday On Turtle Island

The Democratic Party’s America:   Victor Davis Hanson – The pieces of Trump’s peace.  And W.W. 2

Conman Carney’s Canada:  Education in Doug Ford’s Ontario.  Birth tourism.  Carney’s migrants.

Stories You Won’t Find At Carney’s CBC:   Paul Joseph Watson – Leftist discovers diversity.  The Eco-nutters.  Arsonists and vandals.   The socialist roots of fascism.

Your morning meme.     A cartoon.    And at the Bee.

The Epitome of Hypocrisy

Liberal hypocrisy never fails to amaze me. Apparently the Woke mind NOW believes your home is your sanctuary from law enforcement, but not from criminals.

FYI, US law enforcement do not require a warrant when in hot pursuit.

Circling The Drain

Another green fad is close to biting the dust.

Beyond Meat Inc. tumbled the most since the company went public in 2019 after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders.

The stock sank as much as 58% to 84.5 cents on Monday, its worst-ever intraday decline. The shares had already fallen 47% this year through Friday.

 

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