In Google We Trust: Why an internet company can borrow billions for a century

This morning, I woke up to a stunning report that Google is gearing up to sell a 100-year bond. That follows a similar move in early November, when Google issued a 50-year bond.Investors are giving this company billions and are willing to wait up to a century to get it back. In contrast, the US government usually borrows money for a maximum of 30 years. And the interest rates Google is paying are not that much more than what the US Treasury pays. For the 50-year bond, Google paid about 1 percentage point ...