Brian Gongol
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Lots of people share the blame for setting financial markets on fire -- but Jack Bogle, who has long been an advocate for fiduciary responsibility, suggests that an excellent buying opportunity is at hand for long-term investors
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$12.9 billion in debt; $7.6 billion in assets. It's deeply saddening. The company went into an employee stock-ownership plan only a year ago, and unlike other employee-owned newspaper companies like the Omaha World-Herald group (which claims very strong revenues this year), the Tribune Co. appears to be unable to survive the new media era intact after 161 years in business.
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It appears to halve the incidence of malaria infection in children, which is magnificent news, considering that malaria is one of the top killers of children worldwide. Combined with mosquito nets and DDT (yes, the same DDT that was banned in the US), a vaccine could dramatically improve the prospects for children in poor countries.
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