Tuesday, March 12, 2013

Why Doesn't The New York Times Expose Carlos Slim?

The New York Times, in its persistent fight for the poor and downtrodden, exposes rapacious lenders who foist unaffordable mortgages on naïve families, shines light on polluters, climate change deniers, and oil spillers, spins pitiful tales of hungry children and uninsured families denied medical care, documents the plight of illegal aliens separated from families and exploited by evil employers, exposes Big Oil and Big Pharma's unwillingness to pay their 'fair share,' and even discloses the misdeeds of non-unionized Walmart in Mexico. After all, the Times must protect Mexican consumers from low prices.

The Times is also an arbiter of what is in the public interest. From the Iran cyber attacks to WikiLeaks, the Times decides which national secrets to expose, even if it puts American allies at risk. No wonder, the "Grey Lady" is regarded as America's newspaper of record.

Although the Times declares itself beyond reproach in the era of Murdoch klatsch journalism, it exempts its second largest shareholder (and lender of last resort), Mexico's Carlos Slim, from its motto: "printing all the news that's fit to print."

go to realclearmarkets.com

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