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Collected web clippings, ramblings, and scribblings from me to you.

Monday: August 1, 2011

The fine print on the debt deal according to The New York Times.The fine print on the debt deal according to The New York Times.

The bill, in short, is not likely to have profound effect on the recovery in the near-term. It should be noted, of course, that the recovery still has plenty of its own problems, and that fiscal policy in 2012 will tend to be contractionary on the whole as the last vestiges of the 2009 stimulus roll off the budget and as the payroll tax cuts agreed to for 2011 expire. But that would be true even if a 'clean' debt ceiling increase had been adopted with no changes to fiscal policy.

Posted to Weekdaily filed in Politics @ 2:05 PM | Tags (7) | fine | print | debt | deal | nytimes | nyt | politics |  | Discuss (0) |  | facebook | twitter | 4 Clicks | Posted by Vin


Friday: July 29, 2011

Apple has more cash on hand than the United States government.Apple has more cash on hand than the United States government.

Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June. In other words, the world's largest tech company has more cash than the world's largest sovereign government. That's because Apple collects more money than it spends, while the U.S. government does not.

 

Posted to Weekdaily filed in Apple @ 2:58 PM | Tags (8) | apple | billions | cash | ceiling | debt | government | tech | united states |  | Discuss (0) |  | facebook | twitter | 8 Clicks | Posted by Vin


Wednesday: March 17, 2010

Blockbuster would like you to know that they may be going bankrupt in the near future.Blockbuster would like you to know that they may be going bankrupt in the near future.

'Our level of indebtedness may make it more difficult for us to pay our debts as they become due and more necessary for us to divert our cash flow from operations to debt service payments,' the company said in its filing.

Posted to Weekdaily filed in FYI @ 1:55 PM | Tags (11) | blockbuster | video | bankrupt | debt | sec | filing | cash | flow | payments | rentals | netflix |  | Discuss (0) |  | facebook | twitter | 32 Clicks | Posted by Vin


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