By Patrick J. Buchanan

With reports circulating of its imminent demise, The New York Times announced in January that it had found a white knight.

Sort of. For the knight in question, who already owns 6 percent of the sinking Times and was investing $250 million in notes carrying 14 percent interest, was Carlos Slim. Reputedly the richest man in the world, taking the title from Bill Gates in 2007, Carlos is not so highly regarded in his own country.