Thursday, May 6, 2010

Gift to Canada: The Alberta Investment Corporation to provide the financing for Torstar's purchase of Canwest's newspapers

Canada's newspaper disclosure monopoly saves upwards of a million a week by borrowing from locals
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Huge off balance sheet must for the Alberta Investment Corporation, that there be democracy, and a free, fair press; scores by making a secure bond investment, and a scores by protecting the newspapers from being used by lenders to own and attach artificially high interest rates, and money losing swaps to.

Economic goals of the Alberta Investment Management Corporation. (Crown Corporation that manages royalties and investment funds for the Province of Alberta.) Seen as a M4 corporation. Multigenerational investing, a macro holding company. As important as specific savings, is the safety and health of the nation. M4 corporations must takes advantage of opportunities, like financing Canada's newspapers. Benefits following generations of nation.

Canada's newspaper costs increased with FairFax financing abroad at high interest rates with currency/interest swaps. Best interest of the nation to have the newspaper creditors Canadian based. Covenant that the newspaper corporation owning the newspapers, is restricted from adding more debt.