In June of 2011, the U.S. government had an operating cash balance of $73.8 billion, while Apple boasted a whopping $76.2 billion in cash reserves.
This was four years ago and I assume it's no longer true, probably because Apple has reduced its cash reserves, and the U.S. has reduced its deficit, shifting the balance.
Even though it's old news now, I thought it was an interesting commentary on what the digital revolution has wrought: The most valuable U. S. corporation -- and the most valuable product worldwide (the iPhone) -- did not exist a generation ago.
Prime Minister David Cameron paid tribute to Queen Elizabeth II, saying "Over the last 63 years, Her Majesty has been a rock of stability in a world of constant change and her selfless sense of service and duty has earned admiration not only in Britain, but right across the globe."
Reuters News Service reports that "she is fairly blase about the milestone,
believing it represents little more than the fact she has lived for a