To the Point
Stock Market Soars: Should You Care?
Soaring stock markets and a boom in housing construction are good news but, with high unemployment and declining home ownership, is the wealth failing to trickle down?
By Warren Olney • • 51m ListenSoaring stock markets and a boom in housing construction are good news for the economy but, with high unemployment and declining home ownership, is the wealth failing to trickle down? We hear conflicting opinions. Also, Iraqi cities are ripped by sectarian violence, stoked by Syria's civil war. On Reporters Notebook, Yahoo is old news in the Internet story, now paying $1.1 billion for upstart Tumblr. Will Tumblr make Yahoo hip? Will they make money?
Banner image: Evan Leeson
In this episode
3 storiesIraqi Cities Ripped by Sectarian Violence, Stoked by Syrian War
In the worst sectarian violence in five years, Shia neighborhoods in Iraq were hit by a series of car bombs today. At least 60 people were killed and some 200 were wounded. Los Angeles Times reporter Ned Parker was in Baghdad two weeks ago.
Read the story8 minThe Paradox of Rising Indicators in a Troubled Economy
In 2009, the Dow Jones Industrial Average bottomed out at 6,500. Since then, it's more than doubled, with another record closing last week at 15,354. Standard & Poor's and other market indexes are also setting records and housing construction is showing signs of a restoration.
Read the story34 minYahoo Buys Tumblr for $1.1 billion
Yahoo is an Internet pioneer that's faded in popularity, and Marissa Mayer defected from Google with the promise of bringing Yahoo up to date. Yesterday, the Yahoo board agreed to her purchase of Tumblr for $1.1 billion. The big question is whether the new and the old will integrate well enough to make money.
Read the story9 min
