Free Republic

As the corporate media continues to largely ignore the Biden family corruption scandal, The Federalist Senior Editor Mollie Hemingway is asking why foreign companies paid the Biden family in the first place.“It’s the ultimate question of this entire thing,” Hemingway said. “The brother of the president-elect, the son of the president-elect, and maybe even some other family members were getting a lot of money and it’s not clear what they were getting the money for.”“We do know from some of these documents that they were trading on their family name. They were pretty clear that what they had to offer...

For decades, the United States has been a centerpiece of the global economy. Even in the aftermath of the Great Recession, foreign businesses have looked to the U.S. for investment opportunities and talent. According to a recent study from the Brookings Institution, 5% of American employees, or more than 5.6 million people, worked for foreign-owned businesses as of 2011. Foreign direct investment — an investment by a foreign company either through acquisition of an existing business or by starting new company-owned operations — is a critical part of many metro area economies. In the Bridgeport, Connecticut metro area as many...

Beijing wants to diversify out of U.S. debt and it will have plenty of cash to make acquisitions. From 2007 through the first half of this year, Chinese buyers—state, private and in between—acquired 400 companies located outside of the country. The acquisitions span a wide range: mining companies in Australia, Vietnam and South America; oil and gas companies in Africa and the Middle East; banking, financial services and insurance companies in Europe; and electronics, telecommunications and lab testing companies in the U.S. The total cost? $86 billion. That may sound like a big number, but in fact it's relatively small....

Nearly half of the $2.4 billion in federal grant money awarded Wednesday to stimulate the U.S. economy and boost the production of hybrid and electric vehicles went to six companies with ties to places as far away as Russia, China, South Korea and France. President Obama announced the grants during a visit to Indiana and said the funds would create domestic jobs and instigate more "green" manufacturing in the United States. But because so few American companies have the necessary technology, much of the money will initially go toward manufacturing electric vehicle batteries overseas. Three grants went to General Motors...

U.S. says any foreign firms breaking American law will be sanctioned WASHINGTON, Aug. 8 (Yonhap) -- The United States will sanction any foreign companies that break American law just as it would U.S. companies, a State Department spokesman said Tuesday in response to protests by foreign governments. Department spokesman Sean McCormack said there are "conspiracy theorists" who claim different reasons for sanctions announced Friday against seven entities accused of transferring missile or weapons-of-mass-destruction (WMD) material to Iran.

A String of Auctions Gets Canceled By Alex Fak Staff Writer A string of auctions for oil and gas development licenses have been canceled to prevent foreign companies from bidding, an official in the Natural Resources Ministry said.The cancellations appear to constitute a de facto widening of the ban on bids by non-Russian-controlled companies, contradicting recent assurances from Natural Resources Minister Yury Trutnev and other ministers. The latest cases also highlight uncertainties faced by foreign natural resource companies as the State Duma prepares to debate a long-anticipated bill on restricting foreigners' access to subsoil resources.Among the auctions canceled are those...