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...when the stock traded at $43, just after posting the highest operating income in its history. The stock now trades around $12. Yahoo's market value has dropped to $17 billion. Its value now is about the same as trash hauling firm Waste Management (WMI). In the last quarter, the portal company had an operating loss of $278 million. With goodwill and restructuring charges taken out, Yahoo would have made a modest profit. The sales are not likely to get better...

Author: /time Magazine | Title: Why Yahoo! Doesn't Matter Anymore | 2/23/2009 | See Source »

...daily newspapers in Philadelphia have also filed for Chapter 11. There have been rumors, almost certainly untrue, that The New York Times (NYT) will run low on funds to pay its debt. In the case of The Times it has valuable assets to sell, but its situation deteriorates each quarter. By most estimates, its second largest property, The Boston Globe, loses $1 million a week...

Author: /time Magazine | Title: Does the News Industry Deserve a Bailout? | 2/23/2009 | See Source »

...Indeed, one of the most perverse consequences of an obsession with service is the wedge it drives between the servers and the served. In one particularly obtuse plan, the Obama administration intends to ensure that at least a quarter of federal work-study funds will support public service programs, “instead of jobs in dining halls and libraries.” That way, low-paid immigrants can take the dining-hall jobs from which the enlightened students have been liberated, and then the students can be paid to write policy papers and hold up posters in solidarity...

Author: By Garrett G.D. Nelson | Title: Beyond Service | 2/23/2009 | See Source »

...votes determined the margin of victory in Virginia or Indiana? And the Super Bowl - would 100 million people watch it if the halftime show were virtually the whole show and, at the end, John Madden said, "The Steelers won," instead of, "This was the closest, wildest, most thrilling fourth quarter in NFL freakin' history...

Author: /time Magazine | Title: How to Fix the Oscars: Make the Votes Public | 2/22/2009 | See Source »

...widow! Because that’s how folks think of you: not as a dead mean’s fiancé, but a widow.”“I barely even knew him.”“Did you know I wanted to leave a quarter of an hour ago? Did you hear me say that yesterday?”“Yes.”“Well, you have one minute, Winifred.”It would have been fine—his slamming the door and all—but that...

Author: By Nathan D. Johnson, CONTRIBUTING WRITER | Title: Featured Fiction | 2/20/2009 | See Source »

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