Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession.
And as several major firms report impressive earnings this week, the money continues to flow into firms coffers. If corporations are sitting on so much money, why arent they hiring more workers?
Source:
http://progressivenation.us/2010/07/15/corporations-profiting-sitting-on-cash-and-not-hiring/
Stocks rallied Monday after European officials approved a nearly $1 trillion rescue plan to contain the debt crisis in troubled nations and stabilize the euro.
Source:
http://money.cnn.com/2010/05/10/markets/markets_newyork/
ATHENS -- European finance ministers threw a trillion-dollar protective wall around the euro on Sunday, approving an emergency loan program meant to ensure than no other governments come under the same market assault that nearly pushed Greece to a default.
Source:
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/09/AR2010050901146.html?hpid=topnews
As we officially enter the zettabyte era, we leave behind last year's 800 exabyte-mark (a quintillion bytes, or 18 zeroes), blow past the petabyte (a quadrillion, or 15 zeroes), and trounce the terabyte (a trillion, or 12 zeroes).
Source:
http://www.livescience.com/technology/Zettabytes-Global-Data-Overload-100504.html
