Saturday, October 31, 2009

US - A Third World Country?

Since WWII US has been a major exporter of technology to less developed countries often financed by US Export Import Bank.

How times have changed.

In today's Wall Street Journal (Oct 30, 2009) I cannot for some reasons access there is this story:
..."A Chinese wind turbine company, with financing help from Beijing, has struck a deal to be the exclusive supplier to one of the largest wind farm developments in the US.

The 36,000 acre development in West Texas would receive $1.5 billion in financing through Export-Import Bak of China."...

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