Free Republic

LITTLE ROCK, Ark. (News release)- Chairman Yafu Qiu (pronounced “Chew”) and leaders of Shandong Ruyi Technology Group (Ruyi) today joined Arkansas Governor Asa Hutchinson and local officials at the State Capitol to announce that the company will invest $410 million in the former Sanyo manufacturing facility in Forrest City, Arkansas. Ruyi, headquartered in Shandong Province, China, will create up to 800 new jobs at the facility, where Arkansas cotton will be spun into yarn for textile use. This is Ruyi’s first facility to locate in North America. “Ruyi Group, as the largest textile manufacturer in China, has been expanding globally,”...

People smarter than me are saying it so it must be true: Fannie Mae and Freddie Mac are socialist institutions nursing at the teat of government. They are privately owned companies backed by our tax dollars, which encourages the "capitalists" running them to take imprudent risks. Here's an excerpt by Terence Corcoran's article in Canada's National Post. ...turns out not to be rampant capitalism but out of control back-door socialism.There is nothing free market about the two American mortgage backers, hybrid institutions created by the U.S. government to support mortgages and make home buying easier and more affordable for Americans....