Overzealous lending not just in U.S.

Freedom New Mexico The announcement that Dubai World, the state-owned investment/development arm of the emirate of Dubai on the Persian Gulf, wants to postpone payment on some $60 billion in debt by six months sent immediate shock waves through the world financial system last week. But markets recovered Friday and Monday, suggesting that while Dubai’s […]

Protectionist measure hinders investment

By Freedom Newspapers Whenever Congress passes something unanimously you can be sure it is either entirely innocuous or utterly stupid and harmful. In the case of a bill the House passed 423-0, to give the government broader powers to review foreign investments in certain kinds of U.S. industries and facilities, it is the latter. The […]

Port deal should be scrutinized, not dismissed

Freedom Newspapers At first glance it looks just like what South Carolina Republican Sen. Lindsey Graham called it: an “unbelievably tone-deaf politically” decision. The Committee on Foreign Investment in the U.S., a government interagency panel, signs off on allowing a company owned by the government of Dubai, second-largest of the seven United Arab Emirates, to […]