Coming to America - 'change' like you can't imagine ...
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The embattled New York Times Co., trying to wriggle out from under a pile of debt as advertising revenue dries up, is talking to Mexican billionaire Carlos Slim about making a sizeable cash investment in the company.
Slim, said to be the world's second-richest person with $60 billion, bought a 6.4 percent common share stake in the Times Co. in September for about $118 million, but is interested in gaining a larger share of the company, according to a report last night in The Wall Street Journal.
The 68-year-old telecommunications tycoon is said to be discussing a large purchase of preferred shares. The talks are ongoing and may fall apart, as they probably would need the consent of the Sulzberger family, including publisher Arthur Sulzberger, who control the media powerhouse through its ownership of preferred shares. El Linko
The problem with having the best nation on Earth is that everybody wants a piece of it. The problem with capitalism is that everything is for sale at some price. The problem with democracy is that everyone - even the morons - has a vote. The solution to all of those problems is ethical leadership with real authority and experience - the rarest of all commodities - something we sure ain't got right now ...
... and doesn't appear to be in our immediate future.
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