The `New York Times'' Mexican Billionaire Connection Revisited: Part 5

New York Times Owner and Philip Morris International Director Slim’s Special Economic Interests

In a Mar. 18, 2009 article that was posted on the CounterPunch website, John Ross indicated what the special economic interests of New York Times Owner Slim were in 2009:

“The big guns of Slim’s empire are Telmex, the Mexican phone monopoly that charges higher rates than any other such enterprise in the wide world, with which he was gifted in an excess of crony capitalism by the reviled ex-president Carlos Salinas, and American Mobil – the Mexican tycoon’s cell phone companies dominate 70% of the Latin American market. Also in the Slim portfolio: Inbursa banks; Carso Construction; Prodigy Internet (Mexico’s top provider); the Sanborn’s restaurant and department store chain; double digit chunks of Sears and Saks Fifth Avenue; the Mixup record store chain; El Globo, the nation’s top pan dulce outlet; "La Cigarera", his tobacco cartel in Nayarit state; and....the Historic Center of Mexico City…Now Carlos Slim owns up to 160 buildings in the old quarter and dominates rental property….Slim built his empire on corporate cannibalism…”.

(end of part 5)