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" ... But this simple idea does shrink the disparities to a fraction of what they were. It has the potential for broad, bipartisan support: it empowers local communities to determine their own education priorities while using federal funds to address wealth disparities and improve public schools. And perhaps by giving school communities more funds to directly finance what they see as their children’s most pressing priorities, it will strengthen community-school relationships, be a tangible reminder – with new examples each year — of how federal taxes improve people’s day-to-day lives, and lead to better school experiences and more thriving schools. There is ample evidence that more engaged parent bodies and communities lead to higher educational attainment, which leads to increased earnings and greater income equality. ... "
" ... Kroenlein said, “When the pandemic happened, rather than shrink away from our verbal commitment to these organizations, we doubled down and started identifying how we could help them in these unprecedented times.” ... "
" ... Now if Roku’s revenues grow 3x, the P/S multiple will shrink to one-third its current level, assuming the stock price stays the same, correct? But that’s what Roku investors are betting will not happen! If revenues expand 3x over the next few years, instead of the P/S shrinking from around 23x presently to less than 8x, a scenario where the P/S metric falls more modestly, perhaps to about 12x looks more likely. For context, rival Amazon trades at close to 5x. One might assume that Roku will trade ahead of Amazon considering that it’s likely earlier in the growth cycle. This would lead to growth in Roku’s stock price by about 50% a real possibility in the next five years, taking its market cap to about $60 billion. ... "
" ... Now if earnings grow 4x, the P/E multiple will shrink to 1/4th its current level, assuming the stock price stays the same. But that’s exactly what Etsy’s investors are betting will not happen! If earnings expand fourfold over the next few years, instead of the P/E shrinking from around 140x now to about 35x, a scenario where the P/E metric falls more modestly to about 100x looks more likely. For context, the broader online retail sector traded at a forward multiple of about 86x, while e-commerce bellwether Amazon trades at over 150x. One might assume that Etsy will trade closer to these levels. This would make a roughly 3x growth in Etsy’s stock price a real possibility in the coming years. ... "
" ... President Trump saw his margin over Biden shrink fast in the state over the past day as mail-in ballots, which skew disproportionately Democratic, were tallied. ... "