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

"Too many white people" in Pittsburgh says government official
2015-07-31 2:14
According to Abby Wilson, the deputy director of the Department of Health’s Bureau of Public Policy and Community Relations in Allegheny County, there are too many White people in Pittsburgh. She left Pittsburgh to work in South Africa and then study in the Netherlands, but now that she’s back, she wants to change it. “My two main gripes (about Pittsburgh) are: too ...
Judge blocks group from releasing more Planned Parenthood videos
2015-07-31 2:35
The pro-life group behind a series of undercover Planned Parenthood videos accused the bioservice firm StemExpress late Wednesday of trying to “cover up this illegal baby parts trade” after the company obtained a court order blocking the release of footage. The Los Angeles Superior Court issued a temporary injunction Tuesday stopping the Center for Medical Progress from releasing any video showing ...
US Fish & Wildlife Service Investigating Killing Of Cecil The Lion
2015-07-31 2:18
The U.S. Fish and Wildlife Service announced that the agency is investigating the killing of Cecil the Lion, saying it will “go where facts lead.” The agency made the announcement via Twitter Thursday. Also Thursday, the Eden Prairie Police Department said that, while they will be stepping up neighborhood monitoring, they will not be providing personal protection for the dentist who killed ...
Dispute over bounced check caused brutal Hollywood shotgun killing: Cops
2015-07-31 2:40
Carrie Melvin, an aspiring Hollywood production assistant, was strolling with her boyfriend not far from Sunset Boulevard on the evening of July 5 when someone murdered her with a shotgun. Police have now arrested a suspect, Ezeoma Obioha, 31, and say his motivation was likely a dispute over a bounced check worth just a few hundred dollars. A Los Angeles ...
California Drought Could Wipe Cities Off Map If Their Water Runs Out
2015-07-31 2:28
The epicenter of California’s drought crisis is in the Central Valley, where there are growing fears the drought could wipe entire towns off of the map. Wells are going dry, jobs are harder to come by and families are already moving, either to different states or even Mexico in search of work. Before visiting Tulare County, a place where wells have gone ...
More News »