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Microsoft payout tilts the scales in US | |
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| Time: 10:57 EST/15:57 GMT | News Source: E-Mail | Posted By: Todd Richardson | ||
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Microsoft's $32.6 billion (R195.6 billion) special dividend payment last month raised US personal income and probably worsened the fourth-quarter current account deficit, said the commerce department. About $24 billion of the payment will be recorded as personal dividend income in December, for an annual rate of $288 billion, the department's bureau of economic analysis said at the weekend. That's enough to boost total US personal income by 2.9 percent in the month, according to Bloomberg data. | ||
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| #1 By 23275 (68.17.42.38) at 1/25/2005 11:59:14 PM |
| MS's contribution to the global economy through direct and even more so, indirect means, would be far harder to measure. Their contribution to how business in the service sector has been enhanced is very significant and the fact that they have such a diversity amongst the many languages used in global business is seldom recognized. |
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