Steve Jobs is now more liquid than Uncle Sam.Well, Steve Jobs knows how to run a business, too.
While it’s highly unlikely that President Barack Obama is looking to ask the founder and chief executive of Apple Inc. for a loan, it became a fact as of Thursday afternoon — the world’s largest technology company now has more cash on hand than the most powerful democracy on Earth has spending room.
As Republicans and Democrats continue to work towards a compromise to the country’s debt ceiling crisis, the U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion.
Meanwhile, Apple currently boasts a cash reserve of US$75.876-billion, as of its most recent quarterly earnings report at the end of June...
One day you wash up on the beach, wet and naked. Another day you wash back out. In between, the scenery changes constantly.
Friday, July 29, 2011
Steve Jobs Richer than Uncle Sam
U.S. balance now less than Apple cash
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