Yahoo Disappoints[?]
So I'm reading through business stories on CNN and what headline should appear but ""Yahoo disappoints, to cut jobs"
But Yahoo only disappointed Wall Street analysts. It didn't disappoint anyone else. The company saw its profits jump 10% over last year. That's double-digit growth.
And so what is the company doing to react to the fact that investors' expectations were on the high end of the company's estimate?
They are going to lay off 1,000 people! It's absurd. And do you have any idea of how many more houses could go into foreclosure due to unemployment?
Wall Street is just making its created housing crisis hurt more people and have an even larger effect on the economy. The so-marketed "American Dream" was/is being promised while it rending it apart.
And the effect? Some from very dangerous countries, and others not so, are buying us up. And we are shilling it out as if we can actually meet any of the obligations we're getting ourselves into.
And the government wants to just put more of its obligations to us into the hands of businesses that can be bought up like what is happening now. And then it's the obligation of these other countries and their investment banks, and when they decide they don't want the obligations either as they have their own, who will be the first to take the hit? The citizens of the USA or the citizens we will be sold to maintain?
As you're reading this on a now-Google product, isn't it ironic that this is a reason for Yahoo's struggles?
