Walter Rhett: Jobs Are Losing the Race

[DemocratsForProgress]

Step away from the shards of glass that litter politics as Republicans have tried to shatter the President’s image. Step over the desolate landscape of unemployment that could end tomorrow with bipartisan effort in Congress. Step up and send the message: end the blame. Fix the country. Jobs now! Housing now! Healthcare now! Let all America stand before the bar of justice. Let’s take the corporate cases first.

The facts: Yahoo bought Tumblr. It paid $1.1 billion. In cash.

Background: Yahoo was supposed to be an internet company on the ropes; its current CEO, the Stanford-educated daughter of a Wisconsin engineer and an art teacher, 37-year-old former Google vice president (employee 20) Marissa Meyer is the company’s fifth CEO in five years! One hedge fund recently dumped 4.7 million shares, zeroing out its investment. But Yahoo’s current market capitalization is $27.78 billion dollars, on a profit-to-earnings (P/E) ratio of under 8, a positive sign for investors: it makes a dollar profit for every eight dollars it brings in.

And just last week, Yahoo won a huge victory in a Mexican court. A judgment against the company for $2.75 billion was overturned—and reduced to $172,500...

More at: http://www.democratsforprogress.com/2013/05/22/jobs-are-losing-the-race/