Wednesday, September 3, 2008

Oil Rich SWF's Now Want Your Movie Money

Not content to profit when you fill up at the gas pump, foreign government owned sovereign wealth funds want to make more money off the American consumer. The oil rich government of Abu Dhabi in the United Arab Emirates invested in movie and video game deal with Warner Brothers. That came about the same time another arm purchased 7.5% of The Carlyle Group, a huge private equity underwriter (PEU).

Consider this scenario sometime in the future:

Your family flies on vacation, on the newly released Boeing 787 Dreamliner, partially built by Vought Aircraft Industries. Then you rent a car from Hertz. After freshening up with the hotel's complimentary Philosophy products, the family decides to do dinner and movie. "Shorts", the new family-friendly adventure film just came out. After a nice meal, the kids spy a Baskin-Robbins. You treat them to a sundae. The movie is a hit, partly because of the large Dr. Pepper you purchased.

After taking the kids back to the hotel, the adults are ready for some gambling at Harrah's. After enriching the house, the tired couple is ready for some shuteye on their hotel's fine bed, provided by Mattress Giant. The next day, Dad has to check in at work. He does so via his laptop, housed in a Targus bag. He has to make his way through the computer's security system, using a fingerprint ID. The hotel's wireless system provides the means.

After a wonderful vacation, the kids foot dragging means not enough time to gas up the rental. Hertz gets to make an extra buck with their exorbitant gas charges. Back home you brag about the fun you had, as you head to Home Depot.

Meanwhile The Carlyle Group and United Arab Emirate SWF's brag about the money they made off you...