According to Agence France Presse, Finance Minister Tendai Biti told reporters in Harare today that that’s the amount that was left after the government paid its civil servants last week.
“The government finances are in paralysis state at the present moment,” he said. “We are failing to meet our targets.”
Ummmmm … that is incredibly scary.
(Source: onionlike)
One thing they could do is buy their way into Hollywood. Think about it for a second. Today, Apple could literally buy Time Warner ($38 billion market cap), Viacom ($29 billion), and Dreamworks ($1.6 billion) combined, and still have $30 billion left over. If it waits a few more quarters it could snap up News Corp ($49 billion) as well. Only Disney, which is worth $70 billion, would take a while longer to save up for.
But it is very unlikely Apple would just snap up all the major media companies. It would be a post-acquisition mess, not to mention the antitrust issues it would raise. No, all Apple needs to do is take a few billion dollars of that cash and start licensing the rights to stream first-run TV shows and movies. It could easily compete with cable. It needs to compete with cable if it truly wants to build a TV replacement.
Food for thought: When you have that much money on hand, you can actually think of crazy things like this. Actually, we have a better idea: Spend some of that money improving your factory standards, Apple.
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