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February 19, 2007
Let's not be too proud of ourselves
The Conglomerate's Lisa Fairfax notes that the Chinese government has handed a death sentence to a businessman who apparently was running a sort of Ponzi scheme making wine, tea and medical potions from black ants, which are widely believed in China to have medicinal value in the treatment of such ailments as arthritis.
On the other hand, the U.S. government goes after two businessmen who pioneered the enormously valuable risk management of natural gas prices for producers and industrial consumers and prosecutes one to death and sentences the other to an effective life sentence.
Who would have ever imagined that Russian government would look the most reasonable in its sentencing of alleged business wrongdoers?
Posted by Tom at February 19, 2007 4:15 AM
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