Once Valued at $125B, Yahoo's Web Assets To Be Sold To Verizon For $4.83B, Companies Confirm 206
The reports were spot on. Verizon Communications on Monday announced that it plans to purchase Yahoo's Web assets for a sum of $4.83 billion in cash. The multi-billion dollars deal will get Verizon Yahoo's core internet business and some real estate. The announcement also marks a remarkable fall for the Silicon Valley web pioneer, which once had a market capitalization of more than $125 billion. For Verizon, the deal adds another piece to the mammoth digital media and advertising empire it owns. The deal is expected to close early 2017. CNBC reports: The transaction is seen boosting Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well as other assets such as search, mail, messenger and real estate. It also marks the end of Yahoo as an operating company, leaving it only as the owner of a 35.5 percent stake in Yahoo Japan, as well as its 15 percent interest in Chinese e-commerce company Alibaba. In December, Yahoo scrapped plans to spin off its Alibaba stake after investors worried about whether that transaction could have been carried out on a tax-free basis. It instead decided to explore a sale of its core assets, spurred on by activist hedge fund Starboard Value. Forbes has called it one of the "saddest $5B deals in tech history."Yahoo CEO Marissa Mayer, who was expected to leave -- or get fired -- said she intends to stay. "For me personally, I'm planning to stay," Mayer said in a note on Yahoo's Tumblr page. "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter."
Verizon is smart to do this. (Score:5, Funny)
There is nothing sweeter than those juicy Geocities page views. That's the crown jewel as far as I'm concerned.
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Summary is jacked (Score:5, Insightful)
In short, the deal doesn't include Alibaba shares, which are the lion's share of Yahoo!'s value. So, mentioning the $125B value in the summary, not clarifying what the deal is, but saying the deal is for $5B, is ...pretty typical for a Slashdot summary.
Re:Summary is jacked (Score:5, Interesting)
I thought the $125 billion evaluation was of its core business back around the year 2000 or so, and predated the Alibaba investment. So the core business was valued at $125 billion, now the core business is valued around $5 billion. Neither number includes Alibaba.
Re: Verizon is smart to do this. (Score:5, Insightful)
Yahoo is fifteen year old irrelevant garbage. Their search engine is junk and just littered with ads. They aren't worth 4.3 thousand let alone billion. Their site looks like a 1998 Netscape demo.
Re: Verizon is smart to do this. (Score:5, Funny)
Ah. I'd assumed Verizon were getting paid to take them.
Re: Verizon is smart to do this. (Score:5, Informative)
I'm actually worried about what will happen to Yahoo Finance and their free API - I imagine a LOT of sites draw from it in some way (I'm working on one as I write this for instance).
So, there definitely is some value in there.
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^ This.
Proof:
Yahoo homepage vs Google homepage history [imgur.com]
--
Slashtard / Redditard, noun, Someone too immature / ignorant / stupid to understand the down-vote is NOT "I disagree" but rather "this post adds nothing interesting to the discussion."
Re: Verizon is smart to do this. (Score:4, Informative)
Yahoo is still the 5th most visited site in the world....
http://www.alexa.com/siteinfo/... [alexa.com]
Re: Verizon is smart to do this. (Score:2)
Flickr is all I'm concerned about. Other than that, Yahoo is valueless to me.
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Found Joe the Plumber!
Really Meyers thinks she is staying? (Score:5, Insightful)
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It is SOP for the CEO of an acquired company to stick around for about 18 months to ease the transition. It would be a really bad sign if she wasn't planning to stick around. The kind of sign that would hurt verizon's share price.
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Lol. You are such a retard. Yahoo was in the shitter long before she showed up. Her failure to bail out a ship that had been sinking for over a decade means nothing more than she took on a herculean task beyond her ability.
Yes it was in the shitter, That is why they hired her for an insane amount of money to pull it out of the shitter. She failed completely and utterly.
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A seven-figure salary for a company that big is huge?
Re:Really Meyers thinks she is staying? (Score:5, Funny)
"For me personally, I'm planning to stay," Mayer said in a note on Yahoo's Tumblr page. "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter."
Presumably she means Chapter 11.
Re: Really Meyers thinks she is staying? (Score:3, Insightful)
I'm sure the participation trophy CEO will be just fine. All the people who actually work there whose lives got ruined are another story but in the US workers are irrelevant anyway to most people including other workers.
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I'm sure the participation trophy CEO will be just fine. All the people who actually work there whose lives got ruined are another story but in the US workers are irrelevant anyway to most people including other workers.
She probably worked something into the sale that gives her a guaranteed position at the company for a fixed term. This is very common, I have never seen a company acquired without such a deal for the executives who wanted it. And it's a pretty cushy gig, too. You get paid to watch someone else run the company while you cash checks.
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You're right, she should go, having added no value. But I'm sure she negotiated a sweet deal with stakeholders as part of the overall package. /.)
(BTW, this is not an anti-fem rant; plenty of good female and bad male bosses out there, and while I'm here let me extend a hearty "fuck you" to all the SJWs trying to ruin
Back on topic, quite what she means by "It's important to me to see Yahoo into its next chapter..." one can only speculate.
Selling the remaining minority interests they have? That'll be done b
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If you quit, do you still get your golden parachute? Or is that only available if you're forced out?
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Depends on the parachute, but it isn't unusual as part of the deal that if the board wants one sticks around exactly as long as desired and then acts like one left of ones own free will.
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She will stay exactly long enough for her golden parachute to deploy, then she will D.B. Cooper the place.
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Yahoo was on its way down, but she put the peddle to the floor and accelerated it into oblivion.
She didn't do any worse than the previous four CEOs to be honest.
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You mean the break peddle?
More likely "brake pedal". Unless you mean "break the company, then peddle it to somebody."
wait, what? (Score:5, Insightful)
Where did Verizon find 5 billion in *cash*?? Inside the mattress??
Re:wait, what? (Score:4, Informative)
They just hiked rates on their plans and are kicking their less profitable customers out. They haven't invested in new technology or speed increases for decades only begrudgingly implementing 3G speeds and then marketing it as 4G.
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They probably financed with that bullshit forced sale of another router email they sent out last week. "Buy a new garbage router from us, or we'll start tacking on a monthly fee for the privilege of continuing to pass through our old one to your actual, good router."
Fuck you, Verizon.
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They sold their FiOS business to Frontier Communications for billions.
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It's an expression like "film at 11" even though news stations haven't done film in decades. However, $5B in actual cash is a huge volume, a lot more than a mattress. I'm thinking the book by Bernie Rhodes "DB Cooper, the Real McCoy" talking about Richard McCoy who hijacked, jumped with $500K from a 727 but was caught few days later. His M.O. was very similar to the previous hijack by "Dan Cooper." When Richard arrived home he found it quite difficult to hide $500K, not much time to dig a deep hole or find
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mod this guy hysterical, Sealy mattresses are a foot and a half thick!
Re: wait, what? (Score:2, Insightful)
Bullshit. What you meant to say is that corporations might actually have to pay taxes to the nation that enables them to work internationally in the first place. We guard their overseas assets with our military, threaten any leaders of countries who think their assets should benefit their people, and generally allow them to externalize costs and internalize profits.
Corporations need to be made to behave and pay their own expenses. That they're not being made to is why the world is fucked.
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Yea... no.
Besides you act as if the US is the only nation. It will not matter if the US allows it if other nations don't since it is between nations.
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no, money is infinite, it's generated and stored as numbers on an electronic ledger. Cash is the foldy stuff.
Marissa Mayer can't leave (Score:1)
Mayer has made herself unemployable by running this company further into the ground. Obviously she is going to stay until someone gives her enough money to quit, where else would she go? Perhaps a bid for republican nomi... oh...
Think of the deck hands (Score:1)
I love Yahoo, and I believe in all of you.
Ah, the old "take their eyes off the ball" trick. Don't look the Captain as the ship goes down -- think of all the deck hands who worked so hard.
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She's made millions and doesn't need to work. Perhaps she could go and work on being a positive parenting role model instead?
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Yahoo went the other way, they got fatter by buying 50+ startup companies and trying to fold them into Yahoo (Tumblr for 1B)
Re:Marissa Mayer can't leave (Score:5, Interesting)
Twitter should be the next one to watch. They've only got around $550m in assets and just blew $200m on a tech company to fold into theirs, that of course led to a very small stock bump of around $1.25/share, which is already declining. Keep in mind they're burning through around $125m yearly in losses. Anyone want to take a bet who will buy them up? I can't think of any company that would, especially with the self-imposed trashing of their own brand they've been going on for the last year.
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Next chapter (Score:3, Funny)
"It's important to me to see Yahoo into its next chapter."
I guess she means Chapter 11...
Verizon slogan (Score:2)
been using yahoo mail since inception (Score:1)
Rats. Now I will most likely have to switch. Based on my regular interactions with Verizon, I have very high confidence they will LEC the performance of the mail infrastructure.
I care too (Score:1, Insightful)
2. Marissa Mayer's salary is $117 million over 5 years; $36.6 million for first six months.
3. For that sort of money I'd love and offer to stick around because "It's important to me" too.
4. "It's important to me to see Yahoo into its next chapter." That would be Chapter 11, Amirte?
Chapter of death (Score:2)
It's important to me to see Yahoo into its next chapter
Well I guess someone has to see it into death :P
Saddest = Nokia (Score:5, Interesting)
Melissa will get a big bonus most likely paid by the new owners, because they'll have paid her a bonus to encourage her to do the deal.
Very similar to the deal Elop got for gutting Nokia, locking it into a Microsoft world where it was doomed to fail and yet he got a big fat bonus (paid from the *merged* company, i.e. from Microsoft) for doing the deed.
To me Nokia was far sadder, it went from the top slot in the smartphone industry to virtually bankrupt in the space of one obviously malicious CEO. Whereas Yahoo was vapour valuation to less vapour in one obviously incompetent CEO.
http://communities-dominate.blogs.com/brands/2012/07/the-sun-tzu-of-nokisoftian-microkia-mirror-mirror-on-the-wall-whose-the-baddest-of-them-all-waterloo.html
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To me Nokia was far sadder, it went from the top slot in the smartphone industry to virtually bankrupt in the space of one obviously malicious CEO. Whereas Yahoo was vapour valuation to less vapour in one obviously incompetent CEO.
And incompetent board. Don't forget the leadership before Elop was horrendously lacking. Sure Elop might well have been a Trojan Horse, but the only reason he could do what he did was because Nokia were in such a pisspoor state by the time he arrived. They'd squandered their lead and were so far behind the times, it's plausible that Windows Phone was their only option. A terrible one, but the chances of Meego having any chance in 2010 after iOS and Android had been running riot for 3 years was pretty slim.
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Don't confuse Nokia handsets with Nokia. Nokia itself is alive and well and had about $25 billion in revenue last year. The handset business was spun off to Microsoft because Microsoft was willing to write a big check. Making money on handsets is pretty hard if you don't have either a walled garden store (Apple) or make the actual components like processors, memory, screens (Samsung). Otherwise margins are very thin relative to Nokia's actual network products aimed at carriers.
Pray tell, what assets? (Score:2)
Near as I can tell, the only significant asset would be the personal information, AKA the email address and associated data. Is there anything else of unique value in Yahoo? What could the assets be?
Anyway, I had been hoping that Yahoo would get desperate enough to fix their email system to try to avoid this sad ending. Nomad said "I shall effect repair", but his EQ was much higher than mine and I can't persuade anyone of any solutions, even when they are intuitively obvious to the most casual observer.
One of the oldest sites on the internet (Score:2, Informative)
Maybe you young'ns can't remember, but I remember when you had to access Yahoo by an IP address (since DNS wasn't a thing then), and then all it really was, was a directory of links to other sites that existed. No such thing as a search engine back then.
The founders capitalized on that, and at one point, Yahoo was the biggest, best thing on the world wide web. Then they decided that the "portal" thing was the way to go, and after that, it was kinda downhill from there.
And then Google came and ate their lunc
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Maybe you young'ns can't remember, but I remember when you had to access Yahoo by an IP address (since DNS wasn't a thing then), and then all it really was, was a directory of links to other sites that existed. No such thing as a search engine back then.
The founders capitalized on that, and at one point, Yahoo was the biggest, best thing on the world wide web. Then they decided that the "portal" thing was the way to go, and after that, it was kinda downhill from there.
And then Google came and ate their lunch, and after that were a series of terrible CEOs that didn't understand the company at all (probably because there was no cohesive strategy to understand -- they grew too rapidly at the start for that).
Bye Bye Yahoo. You were great for a little while in the early days, and I appreciated what you did for the web. But I don't think you were ever meant to be a commercial venture, and essentially that was your downfall.
More like DNS wasnt a thing in whatever world you lived in... DNS (early mid 80's) was in use far before HTTP (late 80s/early 90's) existed. The yahoo/lycos/ask jeeves sites (mid 90's) didn't exist until after HTTP was more widely used.
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Maybe you young'ns can't remember, but I remember when you had to access Yahoo by an IP address (since DNS wasn't a thing then)
Hard to say, would guess you are either an unemployed IT staffer or an IT Director.
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Maybe you young'ns can't remember, but I remember when you had to access Yahoo by an IP address (since DNS wasn't a thing then), and then all it really was, was a directory of links to other sites that existed. No such thing as a search engine back then.
The founders capitalized on that, and at one point, Yahoo was the biggest, best thing on the world wide web. Then they decided that the "portal" thing was the way to go, and after that, it was kinda downhill from there.
And then Google came and ate their lunch, and after that were a series of terrible CEOs that didn't understand the company at all (probably because there was no cohesive strategy to understand -- they grew too rapidly at the start for that).
Bye Bye Yahoo. You were great for a little while in the early days, and I appreciated what you did for the web. But I don't think you were ever meant to be a commercial venture, and essentially that was your downfall.
I remember everything you said except the "access Yahoo by an IP address" (or that "DNS wasn't a thing then").
All of this has happened before (Score:3)
Yahoo foundered because their core web search was built on people hand-picking what should be the best results for a search term. I remember trying to find a decent c
Marrisa? (Score:2)
Is Marrissa selling her assets?
Yahoo bought to bolster AOL (Score:2)
What's the plan here? (Score:3)
So Verizon bought AOL, and now they're buying Yahoo. What's next? Are they going to buy Compuserve, Prodigy, Lycos, or Excite?
But really, what's the plan here? I find it a little frightening that Verizon's strategy seems to be to acquire whatever large content sources they can get their hands on. They (and Comcast) have given some indications that they'd like to leverage their control over infrastructure to push their own content and services.
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AOL had already bought the consumer-facing side of CompuServe back in 1998. The networking side went to WorldCom. Both AOL and WorldCom are part of Verizon now.
SBC (now called AT&T) bought Prodigy in 2001. Ybrant bought Lycos. Excite.com is owned by IAC.
Real news. Uncompetitive company has billions. (Score:2)
AOL (Score:2)
WOW! So now Verizon owns both AOL AND Yahoo... The 1990's called. They want their technology back!
Though likely the most valuable assets were the 15 percent interest in Chinese e-commerce company Alibaba, what's left of the Yahoo user base, and the real estate (which was probably all purchased at the height of Yahoo's value)...
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Re:thats (Score:5, Interesting)
1) Fiorina has not declared bankruptcy.
2) HP did not declare bankruptcy under Fiorina.
3) Hillary Clinton has not had to declare bankruptcy.
Meanwhile, Trump has had four bankruptcies and is the subject of multiple class action suits over the scam that was Trump University.
If the only choice is between a disaster that doesn't bankrupt the country and an apocalypse that does, I'll take the disaster.
Re:thats (Score:5, Insightful)
Fact is neither Clinton nor Trump have ever declared personal bankruptcy.
Yes at least 4 businesses owned/run by Donald Trump have filed bankruptcy, and likely a few more.
http://www.rollingstone.com/po... [rollingstone.com]
But have you bothered to look up how many businesses Trump owns and/or runs? The answer is over 500. That's a whole lot of successes for relatively few failures. Even conservatively, 95% of his businesses were/are successful.
http://qz.com/461688/a-list-of... [qz.com]
So your choice is really; Some loud mouth bozo with a 95% success rate in running businesses of all types, or a useless puppet with not a single success in her life.
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But have you bothered to look up how many businesses Trump owns and/or runs? The answer is over 500.
"Owns" and "runs" are two very different things, as are "bought a going concern", "rescued a failing business" and "started something from scratch". If the ones that went bankrupt where the ones he started and ran personally, and the others were just ones he owns a stake in but doesn't have much to do with the day-to-day operation of...
I'm just sayin', I don't actually have the figures or anything.
It's also worth looking at the number of other transactions that have failed, like real-estate purchases that l
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>But have you bothered to look up how many businesses Trump owns and/or runs? The answer is over 500. That's a whole lot of successes for relatively few failures. Even conservatively, 95% of his businesses were/are successful.
Interesting statistic. I'd like to see some further analysis done on it though (yeah I'm not going to be the one to do it). "trump" is a branding enterprise. I'd say that list has a very loose definition of "runs". You really think one person can run 500 businesses effectively? That's just enough time to tell each of them "gimme lower cost and MOAR profit" once a quarter. I'm qualified for that!
My guess is for 99% of it, trump probably walked into (or phoned into...yeah just realized he loves to literally p
Re:thats (Score:5, Insightful)
So, I'm not planning on voting for Trump and would prefer that no one did, but I'd have to ask, of those businesses that Trump went bankrupt on, perhaps all four of them were phone-ins too?
The business world does have ups and downs, and if you're a major player you're going to have them. Even Warren Buffett has the occasional bankruptcy in one or two of his holdings.
So, I think I agree that using something like the four bankruptcies (which in this case were Chapter 11 reorganizations, not liquidations), against Trump is magnifying a certain expected level of failure or error into a big deal. If he really does have 500 investments, then is four bankruptcies actually a big deal?
I actually think Trump needs to be taken very seriously as someone who knows exactly what they are doing, and I'd probably vote for Clinton if I didn't think she'd only make the problem worse. And that's a big deal, because I think the Democratic party platform is divisive and pandering, just like the Republican party platform, they just have fewer rednecks. Electing her is going to keep the pressure cooker from exploding one more term or two, but that just means the explosion is going to be even greater when she's done. She has nothing to help with this current situation, and the DNC mails only show the level of tone-deafness that her and the rest of the Democratic party are experiencing.
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In business, bankruptcy isn't just another tool. It's a way to screw people over, to get out of inconvenient obligations, and leave lots of people asking where their money went.
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According to most analysis, if Trump had just put the money he got from his father in an S&P 500 Index fund, he would have seen greater returns.
http://www.moneytalksnews.com/... [moneytalksnews.com]
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or a useless puppet with not a single success in her life.
No. She did manage to get fired from the Watergate investigation for gross incompetence. Also to marry a successful man to pull her career along. To be fair.
No always bad either. (Score:2)
No to defend Trump, but this was always something that bugged me. It seemed the media liked the soundbite more than the actual facts. Bankruptcy isn't really all that uncommon in business, and in many cases all it is just a way to protect yourself (corporation) from creditors, while you restructure and realign the business into a more successful one. Not all of them as I understand it lead to a sell off of all assets and dissolution of everything. In addition to all that, as you say Trump has had more than
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1) Fiorina has not declared bankruptcy. 2) HP did not declare bankruptcy under Fiorina. 3) Hillary Clinton has not had to declare bankruptcy.
Meanwhile, Trump has had four bankruptcies and is the subject of multiple class action suits over the scam that was Trump University.
If the only choice is between a disaster that doesn't bankrupt the country and an apocalypse that does, I'll take the disaster.
Agreed. It is the height of dumbshittedness for males to point to any female top executive that has failed or is failing and declare that is some sort of proof that females cannot lead or are otherwise unsuited because of their gender.
Certainly Yahoo's problems were well in place before Mayer ever showed up.
Fiorina is a bad CEO, as witnessed by her trying to make her way as a political candidate, where many of her traits that caused problems at HP have shown up, which is an inability to alter course o
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Meanwhile, Trump has had four bankruptcies and is the subject of multiple class action suits over the scam that was Trump University.
Multiple is a bit of an understatement 3500 would be more accurate http://www.usatoday.com/story/... [usatoday.com]
Wasn't Bill Clinton raked over the coals by the Reps. for having just one!
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Meanwhile, Trump has had four bankruptcies and is the subject of multiple class action suits over the scam that was Trump University.
Multiple is a bit of an understatement 3500 would be more accurate http://www.usatoday.com/story/... [usatoday.com]
Wasn't Bill Clinton raked over the coals by the Reps. for having just one!
Of the 3500 lawsuits mentioned in the USA today article, Trump was the plaintiff in 1900 and the defendant in 1450. I say 'was' because the number of current open civil suits is 50.
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3) Hillary Clinton has not had to declare bankruptcy
That's like saying that I've never declared bankruptcy. I haven't, but I've never actually run a major business, and neither has she.
And Fiorina, while probably preferable to Trump, was someone who thought that losing a Senatorial election meant that now she was qualified to run for a Presidential contest as well. It was like she had this script in her head about
1. Run HP successfully
2. Win Senate Election
3. Become President
And no one bothered to mention to her that she hadn't actually accomplished either
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What lawsuits? The "Clinton University" was (is?) basically a program where they get prominent people to speak at real universities. There's no tuition.
Trump University scammed people into paying tuition for what they though were going to be classes that would give them useful business skills. This is very similar to other for-profit university scams.
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If your "university" courses are all about pitching the next level course where the *real* secrets are, at a higher fee, you may be enrolled in a scam. Actually, if it alleges to sell secrets at all.
Re: thats (Score:2)
Earlier. Silver certificates.
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consistent, self-made millionaire
ROFLMFAO
Trump's father left an estate valued somewhere between $100 and $300 million when he died. Trump won't say how much he inherited (and he sure as hell isn't releasing his tax forms, despite demanding them from Obama), but he took over his father's business and most likely got the majority of the inheritance along with it. Trump is exactly the opposite of a "self made millionaire."
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Oh, sure. Next you'll tell us that Sam Branson, Allegra Versace, and Athina Onassis didn't work for every penny either?!? Do you have any idea how hard it is to ride horses? DO YOU???
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I'm not an anti-Trump astroturfer. I'm anti-Trump for my own reasons and don't charge a penny for it. He'd be a disaster if elected to public office.
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You know which President as far back as I can remember (and that's a long time, sonny, now get off my lawn) got an actual balanced budget? Some guy named Clinton. If we're talking about keeping the US solvent, I favor Clintons.
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We are subsidizing Obamacare for almost everyone.
The middle class (taxpayers) are subsidizing Obamacare for the poor, while the rich are opting out because they can afford to. Which is why over 10% still haven't signed up. They're part of the middle class, and they can afford rent or insurance but not both.
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Re:Selling for $5B is sexist (Score:5, Interesting)
Wow! A whole 10%! What a disaster...oh by the way, you were subsidizing the poors healthcare anyway. Where do you think it came from? The magic fairy tree?
For all of the bluff and bluster of the anti-Romneycare folks, the USA was in a positive feedback loop of the poorest using emergency rooms as basic healthcare - the most expensive healthcare in the world. The costs were passed up the foodchain, and as you note, subsidized by us via larger insurance premiums. What was happening was as the premiums were increasing the people who were increasingly unable to afford healthcare was increasing, which was moving more to the emergency room model of healthcare, which was then charged upwards .......
The health insurance system in use was going to die in a few years, and we would have ended up with the weirdest Universal healthcare system imaginable.
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This was, interestingly, a Reagan initiative: the law that hospital emergency rooms cannot turn away patients simply because they cannot pay. (Reagan was not quite as heartlessly libertarian as he is now portrayed.)
This was the single most expensive government-imposed healthcare mandate ever passed in the US. Obamacare (or, as you call it with some accuracy, Romneycare) is more or less just a tweak to try to ameliorate some of the side effects of that law.
True. The problem of course, is that very often the traits that make for a good physician are not those that make for a good social conservative. Doctors do have a tendency to want to treat sick people.
My guess if that the emergency room initiative hadn't gone through, that Doctors Without Borders would have most of it's operations inside the US, as we would need it.
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For free? No, for cold, hard cash. A doctor still works in his self interest. Don't kid yourself, we all have to eat. You just want to eat on someone else's dime.
Oh so very clever, to take may statement and say that I'm saying that Doctors work for nothing.
That is so incredibly weak, most trolls wouldn't think of it.
This is going to be shocking, so cover the kids ears.
Not everyone adheres to the concept of I don't give a fuck unless I'm getting wealthy, and if you don't pay me, you can FOAD. Some people are actually nice to others without being paid for it. That doesn't mean they don't want paid, it just means that they don't connect the two.
And don't for
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I know one. She once complained to me that she lost money on Medicare patients (her overhead was larger than what Medicare would pay - I'm not sure she's all that good at running a business), but she treated them anyway.
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Show me ONE doctor who doesn't adhere to the concept of I don't give a fuck unless I'm making money.
Ask and ye shall receive: http://www.doctorswithoutborde... [doctorswit...orders.org]
You are confusing altruistic people with your own personal selfishness, my dear Coward.
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The reason most of the healthcare costs are the way they are because of what we used to lovingly call hillarycare.
Jeebuz christa on a pogo stick. Your post is just like people blaming President Obama for world war 2 Thanks for playing, I have no need to read any posts that blame the healthcare Issues on a person who didn't have a gaddamned thing to do with them.
Now get bact to infowars, because next you'll tell us that the Clintons, th eO'bamas, and FDR have time machine where they go back in time to make certain things are all fucked up
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And... how is it doing now? The poorest people I know are still getting no health care for themselves-- their employers give them fewer than 33 hours so that they don't have to subsidize it-- and you can't pay for even the cheapest plans on $30,000. At least their kids are on CHIP.
Obamacare has been given enough time to have results, and all it's done is tax the middle and lower class. Obamacare is a failure.
First off, there is no doubt that Obamacare sucks. Then you have to ask yourself why.
It's a bastardized system, this Romneycare, that tries to apply greed to a system that shouldn't be run by greed.
Any system that requires profit via healthcare is doomed to failure by it's very nature. When you need higher profits the next quarter, and when you can profit largely be making expenditures go away, it simply isn't going to work.
I'm a firm believer that there are some things in this world that show how
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Greed is OK if funneled correctly and controlled. Greed is understandable and direct.
In fact, simple greed works better than than altruism, as altruism is often just uncontrolled greed masquerading as goodness.
For example, who would you trust more: the guy who offers to mow your lawn for $20, or the guy who tells you he'll do it because "he just wants to help".
Without knowing either person, you'd trust the $20 guy more. His motivation is obvious.
Keep in mind I said Controlled. Uncontrolled greed is a blight
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Also, due to political pressure, the ACA was set up to not allow downward pressure on the profits of insurance companies or pharmaceutical companies. I don't think that it's the profit model that's at fault here, since we've all got to allocate resources somehow, it's the looting model that sucks.
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> ...the poorest using emergency rooms as basic healthcare - the most expensive healthcare in the world.
TRUE! Here we are in the emergency room, my wife had fallen & hurt her back- and cannot feel her legs and is incontinent. We're talking spinal injury here. Who gets to go before us? Little Jimmy being coached by mom to cough, so they can 'get some sort of physical' needed by the next morning at school. The cough was to legitimize their visit. Yeah we were there 8 hrs, and the spinal operation is forthcoming but thank god Jimmy got some Robotussen and a clean bill of health for school.
> ...the poorest using emergency rooms as basic healthcare - the most expensive healthcare in the world.
TRUE! Here we are in the emergency room, my wife had fallen & hurt her back- and cannot feel her legs and is incontinent. We're talking spinal injury here. Who gets to go before us? Little Jimmy being coached by mom to cough, so they can 'get some sort of physical' needed by the next morning at school. The cough was to legitimize their visit. Yeah we were there 8 hrs, and the spinal operation is forthcoming but thank god Jimmy got some Robotussen and a clean bill of health for school.
During the runup to my father's death, we had the experience of a few visits to the ER. And yes, there were people there who were not suffering from anything a general practitioner couldn't provide. But as the doctor said when I queried him - "There are no other choices for them." No doubt we all want our loved ones to receive the best of treatment and as quickly as possible. Unfortunately, to extremely loosely paraphrase Donald Rumsfeld: "You Use the Healthcare You Have---not The Healthcare You Might Want
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Get a little older and you'll see it too, unless you're one of those absurd "new=beautiful" idiots.
Hell, My yahoo email account dates WAAAAAAY back, and I still use it as primary for many things.