Apple has more cash than the US federal government
2011-07-31 0:00

By Chris Moody | TheTicket


Who’s ready for iAmerica?

As the BBC has reported, the software company Apple has more cash on hand than the United States federal government, according to the company’s financial records.

Apple’s quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.

The feds could probably learn a thing or two from Apple’s success. Congress remains embroiled in a debate over spending and whether the federal government, which currently owes trillions in debt, should be allowed to borrow even more. International credit rating agencies have threatened to downgrade the national debt for the first time in the nation’s history if Washington doesn’t come up with a solution to lift the $14.3 trillion debt ceiling while implementing a concrete plan to get the nation’s financial house in order.

Meanwhile, Apple’s financial report shows that the company’s profits, even through the last recession, are booming.

Article from: news.yahoo.com




Related Articles
The United States of Apple
High Fascism
Social Engineering for the Coming Technofascist World
The Original Tea Party was not Anti-Government but Anti-Corporation
Socialism vs Corporatism, by Ron Paul
The "Hi Tech" Corporate Police State: "Reengineering" the Internet ... for Persistent Surveillance
Canada is a Corporation Under UK Queen
Watch Out: The World Bank Is Quietly Funding a Massive Corporate Water Grab
How Disney Magic and the Corporate Media Shape Youth Identity in the Digital Age
British Monarchy is a corporation / US is a Corporation not a Country
The Corporation (Video)
Corporatism - Wikipedia
Anonymous hacker group hits Apple, publishes data
Apple new Big Bro by developing patent to auto-disable iPhone cameras at concerts (and police or govt abuse incidents?)
Apple’s Jobs shows off "spaceship" headquarters plan
Apple slammed over iPhone, iPad location tracking


Latest News from our Front Page

Capture the Flag: Rebels & Rainbows
2015-07-02 5:24
The White House turned into a rainbow as the Supreme Court declared same-sex marriage legal nationwide, bypassing state sovereignty. While the country is wooed with rainbow magic, have they now forgiven the government of their many trespasses? How concerned are they about human rights, while removing the Confederate flag in the south? Tearing down one symbol and lifting up another ...
Facebook looks to reduce white share of staff
2015-07-02 3:52
Facebook CEO Mark Zuckerberg has voiced a desire to transform the demographics of Facebook's employee base to better echo the company's billion-plus international users. However, Facebook's most recent diversity report revealed that white men continue to have a claim on positions at Facebook. The online social networking service claims that diversity is central to the company's mission, observing &"Our work is producing ...
New DOJ Statistics on Race and Violent Crime
2015-07-02 2:36
Numbers finally include Hispanics as an offender category. Heather Mac Donald of the Manhattan Institute has just published a table of statistics on race and violent crime that she received from the Department of Justice. For the first time in figures of this kind, DOJ has treated Hispanics as a separate category rather than lumping them in with whites. These data cover all ...
Fanning the Flames of Another Black Church Arson Hoax
2015-07-02 0:57
America is still reeling from the horrific Charleston, S.C., massacre at Emanuel African Methodist Episcopal Church that claimed the lives of nine innocent people. The last thing the community and our country need are hysterical journalists compounding the pain with inflammatory reporting on an unsubstantiated “epidemic” of black church arsons. On Monday, a Baltimore Sun lead editorial decried “a series of mysterious ...
Cold War Redux: Do you want to fight in World War Three?
2015-07-02 0:04
The rhetoric coming of Washington is pushing us dangerously close to a world changing scenario. In the following episode of CrossTalk, Peter Lavelle discusses the way Russia and Putin are being framed by Western governments and mainstream media with guests including Chris Hedges. The dangers of ignoring historical context when reporting ‘news’ is examined, along with the pure ‘imperial hubris’ of ...
More News »