Smartphones have to be made someplace, and that place is China. In just five years, a company names Xiaomi (which means “little rice” in Mandarin) has grown into the most valuable startup ever, becoming the third largest manufacturer of smartphones, behind only Samsung and Apple. China is now both the world’s largest producer and consumer of a little …
Fannie Mae and Freddie Mac were created by Congress to serve the American Dream of homeownership. By the end of the century, they had become extremely profitable and powerful companies, instrumental in putting millions of Americans in their homes. So why does the government now want them dead?In 2008, the U.S. Treasury put Fannie and Freddie into a …