Category: Economics

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The Japanese Turn Junk into Jobs in Auburn

(THE CONTEXT: Foreign investment in the United States is burgeoning, while public consciousness of this perennial phenomenon has been raised by the prospect of Middle Eastern oil money buying large pieces of American corporations and real estate. The traditional investors in the U.S. have been

A Grantville Family Portrait by Tom Friday (c. 1910)

An Agreed-upon Tale of Two Families

“It was gravely stated to them…that they were all, when they arrived at the cotton mill, to be transformed into ladies and gentlemen; that they would be fed on roast beef and plum pudding, be allowed to ride their master’s horses, and have silver watches

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Foreign-Government Ownership: An Insidious Threat

(THE CONTEXT: Foreign investment in the United States is burgeoning, while public consciousness of this perennial phenomenon has been raised by the prospect of Middle Eastern oil money buying large pieces of American corporations and real estate. The traditional investors in the U.S. have been

Family of William and Farina Gregg. James, age 8, at center. Copied from an ambrotype taken in 1845.

Manufacturing Princes

“The real ruling class could not be put in question, so they were seen as temporarily absent, or as the good old people succeeded by the bad new people — themselves succeeding themselves. We have heard this sad song for many centuries now, a seductive

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Alexander Hamilton —The Founding Father With The Ulterior Motive

Even before there was a Constitution, there was foreign investment in the United States. At the very beginning, like any new and emerging nation, this was a land of great potential and little cash. The men on Wall Street, then as now, were hungry for