11 November 2010

Big money with Corporates

 

Biggest corporate coffers


The 20 companies with the highest cash balances, as of the middle of 2010.

Cisco Systems, Inc. $39.9 billion
Microsoft Corp. $36.8 billion
Google Inc. $30.1 billion
Oracle Corp. $23.6 billion
Ford Motor Co. $21.9 billion
Pfizer Inc. $19.3 billion
Johnson & Johnson $18.9 billion
Intel Corp. $18.3 billion
Hewlett-Packard Co. $14.7 billion
Amgen Inc. $14.5 billion
Exxon Mobil Corp. $13.3 billion
General Electric Co. $12.9 billion
Dell Inc. $12.4 billion
IBM $12.2 billion
Wal-Mart Stores, Inc. $10.2 billion
Coca-Cola Co. $10.2 billion
Merck & Co., Inc. $9.9 billion
Chevron Corp. $9.4 billion
News Corp. $8.7 billion
Boeing Co. $8.7 billion

Source:Moody's Investor Service

06 November 2010

What's so Obama about it

 

Indian press is going ga ga over a visit of the US President to India. I am not sure what he is coming here for, first of all. Indians probably don’t give much value to the boss of USA anymore as was before. Well he is a bigger celebrity, probably that’s all that i can think of

The President of US, is bandied about as the most powerful man on Earth…but Forbes does not think like that anymore in their recent powerful people list. So that means, Barack Obama is now one notch lesser with his power. Why is his visit then made up so much ?

The US President is thought to have great power in making Pakistan tow its line, may be because Pakistan survives on the many millions of dollars that go there as aid from the US. These aid we all know are send in the garb of them being the US’s Chief ally in the war against terror and that all this money is not just cash, but also solid fire-power like fighter planes and other military machines. But still everyone including the Americans know very well, the Pakistani soil breeds terrorism into India… So why is a President who supports this terror indirectly attracting so much attention here in India ?

Mr Obama delivered a plain speech at Mumbai sometime back and it was again another bland one, … given that the place was where the major 26/11 terror attack happened, he made no mention to put some pressure on Pakistani sponsored terrorism.

I thought Obama meant ‘ Change ‘ … So What’s so Obama about this visit ?

Snippet…..

News articles say that this visit is to put some personal pressure to the impending  $12bn defense spending that India is taking up, so that India makes these purchases from the US. That’s what makes me laugh…. for getting such a big deal the Obama administration is supposedly spending about 600 Cr Rupees a day for his stay & security arrangements here in India. On a 3 day stay, that would be about 1800 Cr Rupees. [ i am not bothering to convert it into USD ].