Free Republic

European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy. "We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners. In the latest large deal aided by a weak dollar, Commerce Bancorp, which is based in Cherry Hill, New Jersey, agreed Tuesday to be acquired by Toronto-Dominion Bank of Canada in a cash-and-shares deal...

Forty years ago today, several days of race riots began in Detroit. On July 23, 1967, Black Panthers and assorted other Black extremists (with White hippies and far-leftists backing and encouraging them) eventually wrote their political epitaphs with it (though their movement unfortunately died a long, slow death--far past its time, if there ever was a time). But they robbed and killed Detroit--and a significant portion of Black America with it. Black Panthers and their radical allies, supported by a thousands of Black Detroiters, rioted for days, starting fires and destroying the city. They wanted more power in the city....