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Monday 1 August 2011

A sign of the times? The basis of a complaint (thanks Alex)

Complaint type: BBC News
Location: England
What is your complaint about: BBC News Online
Address of the page: http://www.bbc.co.uk/news/technology-14340470
Complaint category: Factual Error or Inaccuracy
Complaint summary: Incompetent reporting
Full complaint: Your article says: '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.' However 'cash' and 'reserves' are two very different things. Cash is the liquid assets you hold whereas reserves is the accounting estimate of what would be left to shareholders if a company is wound up. The US government has about 6 times as much 'cash' as Apple. Do the BBC not have economics experts who understand such concepts or does the BBC not care about facts?
Receive a reply: Yes
Contacted us before: Yes
Complaint related to previous contact: No
Title: Mr
First name: NotaSheep
Surname: MaybeaGoat
Email address: notasheepmaybeagoat@gmail.com
Under 13: No

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