January 20, 2008

Our view on sovereign wealth funds: When nations amass dollars, the fault lies in ourselves (USATODAY.com via Yahoo! News)

These days it seems as if just about every profit-challenged U.S. company is rushing hat-in-hand to the Persian Gulf, China or other parts of the world looking for investors. Those investors are often foreign governments that have created gargantuan funds to invest the dollars they’ve accumulated by exporting oil, electronics and other products to the USA.

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    ORLANDO — Darrell Bachmann is gambling the golf industry gets the point.

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