Down the drain ....
The proverbial bank-run on Wall Street's Bear Sterns is putt-
ing China's USD 1 billion investment on ice. More likely than
not, CITIC will be holding a ginormous empty bag. With Black-
stone's continued decline in share price, the final price tag
is more likely to be USD 3 billion. An amount that China's en
-vironmental protection agency said is needed, for water, and
sewage treatment plants for the Three Gorge Dam watershed, to
ensure safe and drinkable water.
For countless millions who call the area home ....
Regards,
Albert K. Fung
La Brisas/Valle de Guadalupe, Baja California, Mexico.
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