| Topic: |
Politics > Politics-USA |
| User: |
"Tuttles Almanac" |
| Date: |
18 Mar 2006 10:10:36 PM |
| Object: |
Neil Bush's Fall From Grace |
China's Grace Semiconductor Seeks Debt Repayment Delay on Loss
http://www.bloomberg.com/apps/news?pid=10000080&sid=aOlneCfEMN80&refer=asia
March 17 (Bloomberg)- Grace Semiconductor Manufacturing Corp.,
a Chinese chipmaker co-founded by a son of former
President Jiang Zemin, is seeking to delay payment on
$680 million of loans after failing to turn a profit.
``Grace needs more than government connections to succeed
because they're in an international business and
competition is fierce,'' said Betty Lin, a Taipei-based
analyst at IDC Holdings Ltd., a technology consultancy.
Grace, founded in 2000, has invested $1.63 billion to build
two semiconductor plants, only one of which is in production.
Neil Bush, U.S. President George W. Bush's brother,
was given a $2 million, five-year contract as a director
and adviser of Grace in 2002.
___________________________________________________________
No surprise.
Brother George's oil company 'Arbusto' couldn't turn a profit either.
.
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| User: "Tazmanian Devil" |
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| Title: Re: Neil Bush's Fall From Grace |
18 Mar 2006 11:27:26 PM |
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"Tuttle's Almanac" <Harry.Tuttle@brazil.plumbing.gov> wrote in message
news:121pmds5vult6e5@corp.supernews.com...
China's Grace Semiconductor Seeks Debt Repayment Delay on Loss
http://www.bloomberg.com/apps/news?pid=10000080&sid=aOlneCfEMN80&refer=asia
March 17 (Bloomberg)- Grace Semiconductor Manufacturing Corp.,
a Chinese chipmaker co-founded by a son of former
President Jiang Zemin, is seeking to delay payment on
$680 million of loans after failing to turn a profit.
``Grace needs more than government connections to succeed
because they're in an international business and
competition is fierce,'' said Betty Lin, a Taipei-based
analyst at IDC Holdings Ltd., a technology consultancy.
Grace, founded in 2000, has invested $1.63 billion to build
two semiconductor plants, only one of which is in production.
Neil Bush, U.S. President George W. Bush's brother,
was given a $2 million, five-year contract as a director
and adviser of Grace in 2002.
___________________________________________________________
No surprise.
Brother George's oil company 'Arbusto' couldn't turn a profit either.
Don't forget the Silverado Savings and Loan scandal and the subsequent
taxpayer bailout.
http://www.informationclearinghouse.info/article3330.htm
The Bush family's total cost to America in money, lives, and respect is
incalculable.
Let's crate the whole clan up and ship them to the Philipines, or somewhere
(at their own expense, this time).
We just can't afford 'em anymore.
.
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| User: "Rich Travsky " |
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| Title: Neil Bush Trashing Another Company Re: Neil Bush's Fall From Grace |
19 Mar 2006 11:51:29 PM |
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Tuttle's Almanac wrote:
China's Grace Semiconductor Seeks Debt Repayment Delay on Loss
http://www.bloomberg.com/apps/news?pid=10000080&sid=aOlneCfEMN80&refer=asia
March 17 (Bloomberg)- Grace Semiconductor Manufacturing Corp.,
a Chinese chipmaker co-founded by a son of former
President Jiang Zemin, is seeking to delay payment on
$680 million of loans after failing to turn a profit.
``Grace needs more than government connections to succeed
because they're in an international business and
competition is fierce,'' said Betty Lin, a Taipei-based
analyst at IDC Holdings Ltd., a technology consultancy.
Grace, founded in 2000, has invested $1.63 billion to build
two semiconductor plants, only one of which is in production.
Neil Bush, U.S. President George W. Bush's brother,
was given a $2 million, five-year contract as a director
and adviser of Grace in 2002.
___________________________________________________________
No surprise.
Brother George's oil company 'Arbusto' couldn't turn a profit either.
.
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| User: "Cognitus" |
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| Title: Re: Neil Bush's Fall From Grace |
19 Mar 2006 12:53:29 AM |
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Tuttle's Almanac wrote:
China's Grace Semiconductor Seeks Debt Repayment Delay on Loss
http://www.bloomberg.com/apps/news?pid=10000080&sid=aOlneCfEMN80&refer=asia
March 17 (Bloomberg)- Grace Semiconductor Manufacturing Corp.,
a Chinese chipmaker co-founded by a son of former
President Jiang Zemin, is seeking to delay payment on
$680 million of loans after failing to turn a profit.
Neil Bush, U.S. President George W. Bush's brother,
was given a $2 million, five-year contract as a director
and adviser of Grace in 2002.
___________________________________________________________
No surprise.
Brother George's oil company 'Arbusto' couldn't turn a profit either.
They should have known better....
After all Neil was director at Silverado S&L in Denver which crashed
sticking
the taxpayers with about 2 Billiion.
His own JNB? oil company flopped. He kept it afloat for about 4
years
with contributions from land developers who needed Silverado money and
in return contributed to JNB from which Neil drew a $100,000 annual
salary despite the fact that it never pumped a drop of oill.
No wonder it went broke; Neil was concentrating on screwing
under-age whores in Asia.....
.
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| User: "E A R T H L I N G" |
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| Title: Re: Neil Bush's Fall From Grace |
19 Mar 2006 02:09:44 AM |
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"Cognitus" <Cognitus44@hotmail.com> wrote in message
news:1142751209.155740.74860@i39g2000cwa.googlegroups.com...
Tuttle's Almanac wrote:
China's Grace Semiconductor Seeks Debt Repayment Delay on Loss
http://www.bloomberg.com/apps/news?pid=10000080&sid=aOlneCfEMN80&refer=asia
March 17 (Bloomberg)- Grace Semiconductor Manufacturing Corp.,
a Chinese chipmaker co-founded by a son of former
President Jiang Zemin, is seeking to delay payment on
$680 million of loans after failing to turn a profit.
Neil Bush, U.S. President George W. Bush's brother,
was given a $2 million, five-year contract as a director
and adviser of Grace in 2002.
___________________________________________________________
No surprise.
Brother George's oil company 'Arbusto' couldn't turn a profit either.
They should have known better....
After all Neil was director at Silverado S&L in Denver which crashed
sticking
the taxpayers with about 2 Billiion.
His own JNB? oil company flopped. He kept it afloat for about 4
years
with contributions from land developers who needed Silverado money and
in return contributed to JNB from which Neil drew a $100,000 annual
salary despite the fact that it never pumped a drop of oill.
No wonder it went broke; Neil was concentrating on screwing
under-age whores in Asia.....
Weren't they Filipino girley-boys?
.
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