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The information sent to me from inside UCAN includes emails between board members. One asks another if the deal is essentially money laundering. The other questions that description. Replies the first, “It doesn’t smell right.”

The two board members agree that Shames did not discuss the matter with the board before signing the contract, and that was a mistake.

Shames, Navarro, and Autry refuse to answer questions.

The subject matter is controversial. Many if not most economists would not get too tough with China. Trade wars bring international instability. China holds 26 percent of United States Treasury debt held by foreigners. Moreover, Nucor may have a tough time claiming that it is being wounded by Chinese competition. China is the world’s largest steel producer but consumes most of it domestically; American companies fear the excess will be exported at cheap prices. Nucor’s revenues zoomed 42 percent last year and should rise 28 percent this year, according to Standard & Poor’s.

I believe UCAN, which collects money from the public, and Navarro, a respected scholar, have a duty to come clean on this matter.

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Comments

clockerbob Aug. 24, 2011 @ 11:08 a.m.

The company, China Construction America, has won contracts on major public works projects, including the Tappan Zee and Alexander Hamilton Bridges, the No. 7 subway line extension and the $91 million Metro-North Railroad station at Yankee Stadium. .... In one of the largest loans by a single lender in the city since 2008, the Bank of China lent $800 million late last year to refinance a building on Park Avenue housing JPMorgan Chase and Major League Baseball….The Bank of China recently agreed to lend more than $250 million to refinance an office tower at 3 Columbus Circle. The economic chasm between (our banker) CHINA and USA is widening. How many global trade deals or mineral resources (Mines-1 in Afghan & oil wells -2 IN Iraq) has China brokered for while we've been debating our budget? iF YOU'LL NOTE IN THE DEBT CEILING DISPUTE THE ONLY THING THAT BOTH the Republicans and Democrats agree on is that we will pay the interest on our national debt to China before we pay social security, Medicare, our armed forces etc.Meanwhile, on the "morning joe" tv show a guest lifts a coffee cup and reads from the bottom made in china. then says cups and caps are all china makes.

<p>www.clockerbob.com

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Don Bauder Aug. 24, 2011 @ 12:44 p.m.

Navarro's opinions on China are legitimate ones. I wouldn't handle the situation as he and Nucor would, but his conclusions are well-grounded. China is indeed a mercantilist nation. Other countries, are, too, particularly emerging ones. The questions I raised in this article are about the means by which the movie is being financed. I do not know why the money moved from Nucor to UCAN and thence to the production company. Neither Navarro nor Shames will answer any of my questions. Best, Don Bauder

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Dennis Aug. 24, 2011 @ 1:03 p.m.

China is flooding the US with substandard products claiming to be stainless steel. I have several expensive knife sets & other kitchen utensils made from chinese stainless steel. Every one of them has in a very short time developed pits and rust spots. American companies such as Revere Ware now have their products made in China with substandard materials and continue to charge high prices for the products.

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Don Bauder Aug. 24, 2011 @ 3:12 p.m.

There is no question that China is flooding the nation with substandard and often dangerous products. There is no question China is keeping its currency artificially depressed. It pays very low wages and ignores the environment. The competition is unfair. The question is whether we want to launch a trade war with China. History shows us that trade wars depress the world economy. If Navarro's documentary poignantly dramatizes China's mercantilism, he and his sponsor Nucor will have provided our nation a service. I want to know about the flow of money. Why did it go from Nucor to UCAN to the movie's producer? Does Navarro own the production company? Best, Don Bauder

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SurfPuppy619 Aug. 24, 2011 @ 4:57 p.m.

There are only 2 news shows I would recommend on TV -Dylan ratigan and Judge Naplitano's Freedom Watch.

Lou Dobbs is close too.

Navaro is on the money. ANYONE with any business sense knows China is ripping us off, and has been for years with th ehelp of Bush type Presidents and a bought and paid for congress who allows it.

This is ALL YOU NEED TO KNOW, this video was 100% on the money and true 20 years ago-and nothing has changed. Watch it, learn, help save America;

. http://www.youtube.com/watch?v=Rkgx1C... .

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Don Bauder Aug. 24, 2011 @ 6:21 p.m.

No argument. China is ripping us -- and other countries -- off. Best, Don Bauder

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hibob Aug. 24, 2011 @ 10:46 p.m.

Sigh. "Come to good, stay to do well ..."

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Don Bauder Aug. 25, 2011 @ 7:17 a.m.

Some are cocking an eyebrow at nonprofits. Best, Don Bauder

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Twister Aug. 29, 2011 @ 2:41 p.m.

"Rat again?" Are you kidding? Is this a comic-book world or NOT? That CAN'T be his real name!

Twister

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Twister Aug. 29, 2011 @ 2:44 p.m.

"Dere's a (or x-billon) sucka(s) borned ever minuet."

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Don Bauder Aug. 29, 2011 @ 8:26 p.m.

Every minuet? There are wonderful minuets in so many symphonies -- particularly those by Mozart. Best, Don Bauder

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Twister Aug. 29, 2011 @ 8:35 p.m.

Dey dans not, neider du dey spin, yet . . .

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Twister Aug. 29, 2011 @ 2:56 p.m.

"'Twill be interesting to see who gets canned at UCAN. Do I smell a WT suit?

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Don Bauder Aug. 29, 2011 @ 8:28 p.m.

There are many unhappy workers at UCAN and some are playing the role of whistleblower. If UCAN merges into TURN, there will be some bloodletting, surely. There may be plenty even if there is no merger. Best, Don Bauder

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Twister Aug. 29, 2011 @ 3:02 p.m.

Sunset. As in power links? As in the end is near, as in the twilight zone? Shadows? Sunlight? Transparency? Who knows what potboilers lurk in the hearts of men . . .?

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Don Bauder Aug. 29, 2011 @ 8:29 p.m.

Those who write potboilers are on the prowl for such material. Best, Don Bauder

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Don Bauder Aug. 29, 2011 @ 8:36 p.m.

Full moon and well-stocked arms? Best, Don Bauder

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