Link: http://www.counterpunch.org/ginsburg12242009.html

Tis the season to be jolly, especially if you are a US corporation full up with cash. And many are. Cash reserves at US companies are at a 40-year high, with companies averaging 10 percent of market value in cash deposits or T-bills. In the health care and tech sectors, that cash reserve number is a whopping 20 percent. (All in all, a good season for the health care industry, where stocks are expected to take off as impediments to profiteering disappear—there is nothing in any of the pending health proposals to slow galloping costs.) Google CEO Eric Schmidt was effusive about his company coffers on an analyst call this week: “We love cash.”