Long term marketable securities are NOT cash. Comparing an entire company's nest egg with an operating cash balance of a government treasury is misleading, especially given their different functions. Apple has only about $28 billion in cash and cash equivalents and short term investmentsanyway.
I meant that I don't think anything will change in combat operations.
I don't either, but I mean in terms of long-haul consequences. It seems like this intervention is quickly losing political structure and turning into yet another open-ended committment. And maybe fears of that happening will make some think twice about not killing or actively targeting Gaddafi himself.
Log in to comment