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.
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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.
I can't wait for the ED-209 much longer.
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
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