The Washington Post (July 5)
2010/ 07/ 06 by jd in Global News
The 500 largest nonfinancial companies in America have amassed cash totaling $1.8 trillion on their balance sheets. This is the highest amount (normalized or otherwise) in nearly half a century. Fareed Zakaria, Editor of Newsweek, says the key to getting the U.S. economy rolling again is getting companies to start spending this money on investments, such as plants, in the real economy.
Tags: Balance sheet, Cash, Economy, U.S.
The Wall Street Journal (July 4)
2010/ 07/ 06 by jd in Global News
The Wall Street Journal supports Naoto Kan’s pledge to lower the corporate tax rate from 40% to about 25%, but questions the wisdom of increasing the consumption tax to 10% while Japan’s economy continues on a deflationary trajectory.
