Chinese investors are buying up Detroit
Real estate buyers are snapping up dozens of properties, often sight unseen. Where else can you buy a 2-story home in the US for $39?
And it was bad news -- the city's July 18 bankruptcy filing -- that triggered renewed interest. "While the bankruptcy is viewed as a bad thing elsewhere, it raised the exposure level of Detroit's real estate market in China," says Evonne Xu, a Michigan attorney catering to Chinese purchasers. Middle Kingdom, meet Motown.
- Money Everywhere But Not Enough to Borrow
- A China Triangle: Bitcoin, Baidu and Beijing
- One-Child Change Doesn't Avert Demographic Collapse
Well, Detroit had its chance to corner the Automotive Industry all the way up to the 80's, the place was booming most of the time. But instead Corporate Greed + Greedy Unions gave that away on a Silver Platter to the Japanese,Koreans, and now the Chinese too.
And now it's coming back full-circle. Wow.
40 years of big local government, unions and a progressive liberal agenda. What did you liberals think was going to happen? It is always the same, the unions and progressive liberals get control and business the educated and the wealthy just leave, leaving the progressive liberals to wallow in there own unprogressive and destructive agenda.
Ask Greece, Italy, Spain, Portugal and the UK how well the unions and progressive liberals has worked out for them!
Now that the unions and progressive liberals have control of most of the government and we have 17 trillion in debt , We have false job numbers and low labor participation rate , What do you think is going to happen to the US if we allow the progressive socialist liberals to keep control of your government?
With much consideration and emotional discussion, the House of Representatives approved NAFTA on November 17, 1993, 234-200. The agreement's supporters included 132 Republicans and 102 Democrats. NAFTA passed the Senate 61-38. Senate supporters were 34 Republicans and 27 Democrats. Clinton signed it into law on December 8, 1993; it went into effect on January 1, 1994. Clinton, while signing the NAFTA bill, stated that "NAFTA means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement."
Clinton and the Congress could have stopped it, but they did not.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market is doing pretty much what it was expected to do today in front of the FOMC decision (i.e. nothing). The major indices are little changed as traders wait anxiously for the Fed's latest directive and updated economic projections.
Everyone is waiting to see if the "considerable time" language is maintained in the directive after Wall Street Journal Fed watcher, Jon Hilsenrath, suggested yesterday it could be.
Mr. Hilsenrath's article ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'