Gongol.com Archives: January 2009
Brian Gongol

January 19, 2009

Water News Iowa DNR offers grants to improve rural water

News It's not a sovereign-wealth fund buying the New York Times, but it's close
A report has it that Carlos Slim, a Mexican billionaire and one of the five wealthiest people in the world, is in talks with the New York Times Company about a special financing package that could keep the company alive. Foreign wealth will be used to acquire American media assets, and whether that turns out to be good or bad in the long run depends on too many factors to reasonably forecast at this point. But if you were a sovereign power with lots of money in the bank, and you saw an opportunity to buy a severely distressed asset that just happens to influence public opinion in the world's only superpower, wouldn't you?

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