Tag Archives | U.S.

Gaza’s Kids Seek A Voice Amidst the Chaos


Abby Zimet writes at Common Dreams:

A severe winter storm dubbed Huda this week brought ever more suffering to the long-suffering residents of Gaza, especially the over 100,000 people left homeless by last summer’s Israeli assault – an assault whose aftermath former UN special rapporteur Richard Falk has just declared “catastrophic…a form of massive state terror directed at the entire population of Gaza.” The storm, added to existing hardships in Gaza, has prompted Palestinian authorities to declare a state of emergency.

Huda unleashed heavy cold rains that caused widespread flooding, brutal winds and hail in Gaza, along with snow and even colder temperatures for Palestinian refugees in Syria and Lebanon. With a still-blockaded Gaza having received less than 2 percent of an estimated 5 million tons of materials needed to rebuild, between 100,000 and 170,000 Gazans still lack adequate shelter and live huddled in tents, rubble or half-demolished homes. They also lack power – because Gaza’s sole power station was bombed by Israel last summer – and fuel, because the Israeli-Egyptian blockade continues.

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Is Apple Holding More Cash Than The U.S.?

Photo: TheIronLion

Photo: TheIronLion

Do US companies have more money than the US government? Recent financial figures show that Apple does. Via BBC News:

Apple now has more cash to spend than the United States government.

Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).

Apple’s most recent financial results put its reserves at $76.4bn (£46.9bn).

The US House of Representatives is due to vote on a bill to raise the country’s debt ceiling, allowing it to borrow more money to cover spending commitments.

If it fails to extend the current limit of $14.3 trillion (£8.7tn) dollars, the federal government could find itself struggling to make payments, and risks the loss of its AAA credit rating.

[Continues at BBC News]

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