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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Apple Holds More Cash than USA

Posted On 29 Jul 2011

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.

International credit rating agencies have threatened to downgrade the national debt for the first time in the nation’s history if Washington does not 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.

Source: Yahoo news

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