Skip to comments.Chinese Tycoon Wants to Buy The New York Times
Posted on 01/03/2014 9:04:30 PM PST by PROCON
(CNSNews.com) The New York Times Company says its not for sale, but a high-profile Chinese businessman and philanthropist eager to buy what he views as the worlds most influential newspaper plans to fly to New York City this week to push ahead with his bid.
Chen Guangbiao on Wednesday told the Global Times, a Chinese Communist Party-affiliated paper, that he has a meeting scheduled Friday with a city firm specializing in mergers and acquisitions, followed by dinner on Sunday with a middle-level leader from the Times.
(Excerpt) Read more at cnsnews.com ...
The NYSlimes loves communists, might be a great merger.
They have a lot of fish to wrap in China.
I’m in. As long as they promise to print that fish wrap in Chinese.
I thought the ChiComs already owned them.
It would probably make the editorial slant a bit less leftist. After all, there is something like free markets in China. They know about entrepreneurialism in China. Not so much in NYC. Hong Kong, for example.
China does not have a free market. They have limits and barriers against foreign products. Only a handful of US films are allowed to be shown there annually. Their economy is really export based with the Chinese army and government owning 49% of a lot of their corporations.
Marriage made in heaven
I don’t know about you, but I’m all for NEW YOLK CHINAMAN TIMES!
The Peoples Republic of China, is the world’s largest Communist regime.
The Grey Lady morphs into the Lady in Red. Delicious!
I (and many here) wish only a handful of US films were allowed to be shown here annually.
No need to remind me. I visited there once back in 1981. I saw their commie state up close and personal. The Chinese are filthy (not personally); they were back then; and will probably the same 1000 years from now.
Being commie is bad enough but do they have to live in such filth? Well, cleanliness costs money and to tell you the truth their filth offends me more than their politics.
What does filth have to do with Communism? In fact, neither China nor Korea are Communist states any more. Maybe in the name only, but they definitily don’t follow the Marxist ideology of the past or of the present. (There is a great Youtube video by a North Korea researcher living in South Korea, who explains North Korea, its state, and tells that they are not Communist in any shape of form.) It is unfortunate and ignorant that on this forum ‘Communist’ is anything that the poster dislikes. Examples from above - the Pope is supposedly ‘pure Marxism’, according to a radio blabbermouth. Obama can be said to follow the Marxist ideology, as it exists now in the Western academia.
Not sure if I completely agree with that characterization, it could be you ended up in a dirty area.
On China’s behalf, I would say the country is very crowded, and very ancient. Thousands of years, of a huge number of people all packed together, look different than a relatively young country with a rich background.
What I am most concerned about is, that businesses in China don’t build or support America. All the businesses which go to China become minority players there.
Everything gets taken over, by China. All of it.
We need to bring back businesses, and compete from here.
I’m so against China buying American businesses. I say let their dollars rot until they are willing to use them to buy U.S. trade goods, not our businesses.
However, this is the slimes. I see no downside to this.
Had a friend that went over there for a month. Was really excited to go. Came back completely grossed out because of hygiene issues. He said he saw restaurants take bowls used by customers dump the contents and reuse the bowls for new customers without washing them.
China still has plenty of state run firms. It was a state run firm that took over Smithfield meats last year.
US has state run transit systems in every city. Want more?
Now it can only be an improvement.
The old gray whore?
Here is the harsh reality for all you entreprenurial capitalists out there lurking. China is a mecca of manufacturing and industry, unencumbered by the suffocating diktats of Washington DC. If you have a plastic gizmo to make, China is the place to make it. Money seeks its level just like water, and that’s the reality we’ve been dealt.
To be eventually taken over and made by Chinese.
That is what is happening. Everything made in China, is in the process of being incorporated into the nation.
And not as imports.
That is the big problem right now.
America is not competing. We are selling out.
Imagine all the Rs becoming Ls and vice velsa in the new New Yolk Times, what’s not to rike?
My example was a pork producer. Transit doesn't even come close to that.
They are state owned or regulated not federal. And there have always been certain industries like utilities and mass transit that require huge infrastructure investments that necessarily limit competition and therefore are either highly regulated or state run. How many sets of rail tracks do you want in your city?
In China, you can get a pair of scissors, a chair, and a piece of plywood painted with the characters for “haircuts, $5” and put it on the sidewalk and people will line up to have their hair cut. And it’s legal. In America, you need a cosmetology license and a business license and sales tax license and who knows what else, or you will be shut down. (Ask kids selling lemonade about this.)
Furthermore, in China, in a tent where many vendors assemble to form a sort of flea-market type atmosphere, the tax collector might come through demanding The State’s share of the proceeds. The vendors can assemble together, lift the man up by his elbows, and eject him from the tent, without getting shot or charged with felony attack on a government agent. I dare anyone to try something like that here without either or both of the aforementioned things happening.
A friend of mine traveled to China to see how things were first hand, these were from his report.
I rike youl rogic, illefutabre!
I hear you, and I don’t like it either, but there is a dubious payback mechanism. China is now a world leader in cancer and birth defects.
The economic model you are referring to obliquely, but don’t mention by name is called fascism.
Most hospitals are not government owned. Only VA hospitals are government owned. Hospitals are highly regulated, but that's because the government errs on the side of prevention and every once in a while someone does something stupid, criminal, or criminally stupid that causes more regulation. And government doesn't see that the combined weight of the regulation is itself criminally stupid.
Fanny Mae was government owned. But it had a unique economic purpose. By using the full faith and credit of the U.S. government to back mortgages, it could attract funds cheaper. Thus making it easier for people to afford homes and helping the economy by boosting the construction industry and all the other associated with home ownership.
The government doesn't control pork producers through regulation. At best they have some safety regulations to protect workers and to make sure the pork is fit to eat
GM, the government owned the majority of shares for 4 months, before dropping to a 25% ownership. 18 months later they were down to 19% ownership. And government sold it's remaining shares last month (Dec 2013). So no, GM was only breifly government owned, and while you and I may dissagree with the way the court handled GM, the fact is that GM filed bankruptcy and asked the government for a bailout and put itself at the mercy of both.
Seriously, the claim that government is controlling everything is blatantly false.
You got it, but we have to remember that these models change and improve (?), while we lack good comparisons and have to revert to some 1930s nomenclature. That’s one reason why the Marxists dismiss Conservatives’ objections, they (the Marxists), have moved forward, developed, they are not Soviets any more needing to control every little barber shop by owning it, no they can control it by passing the ADA, and forcing it to build a wheelchair ramp (are you against helping the disabled you reactionary meanie?) when it wants to repaint the store (the generous grandfather clause is what I’m talking about.) Obama is a modern Marxist, I believe. I don’t think the Chinese follow any Marxist ideas old or new any more.
Fascism is the unholy marriage between big business and big government, plain and simple. Not outright ownership, but control. Let the captains of industry make their profits, but with political strings attached.
I'll have what you're drinking....
I never claimed that government owned everything. I claim that government controls much, and I can testify to that as an employee of a private company which had to spend significant resource to satisfy government requirements. Heard of the Sarbanes-Oxley legislation? And I claim that differences between the Chinese government owning some pork producer and the US government owning "shares" of GM and loaning money to Solyndra, are insignificant, in that they only reflect different conditions, which exist not only between the US and China in similar things, but between the US and Great Britain and other countries as well, but they amount to pretty much the same thing, from the point of view that Milton Friedman might have taken.
I had many long conversations in the past couple of years with a Chinese economist visiting a US university, and he was surprised many times to learn how and to what extent the US government controlled American companies and mandated their behaviour, while I was surprised how the Chinese government was not as advanced in its mechanisms of control.
Maybe you need to keep your lame attempts at humor to yourself. As an American with an Asian background I've ahead to listen to racist punks all my life tell the same tired jackass jokes about Asian accents, slanted eyes, etc....
Asian, huh? OH sorry, are you from Israel, Turkey, East of the Urals Russia?
Is commie capitalist an oxymoron.?...
“The Grey Lady morphs into the Lady in Red. Delicious!”
A red dress is a lot sexier than a grey burka!
Wait, why would the Chinese buy the Times? Thomas Friedman already works for the for free.
I read somewhere that this ‘tycoon’ made his fortune on ‘bird cages’, which makes the NYSlime a sound investment to compliment his bird cage business.