Comments

  1. Reply
    Joe
    Posted 14 years ago

    Karl – I think in Ireland / UK / USA you will find that a billion is a thousand million – ie 9 zeros not 12.

    Regards
    Still a lot of money though !!

  2. Reply
    karl deeter
    Posted 14 years ago

    Hi Joe and also @andyeire and @lisa_pereira

    I stand corrected on one hand and not on another, you see, a billion can be either the ‘long scale’ version (multiply a number by itself) or the short scale (where it is in increments of 000′).

    12 zeros is the long scale version which I mentioned and is in fact WRONG when dealing with the bailout figures which are all in the short scale amounts where 1 billion = 1,000,000,000

    The figures on timelines – seconds minutes etc. are all accurate using the short scale, then I diverged (and don’t remember why) to the long scale on the bit about earning the minimum wage. So my figures are both wrong and right, or right and wrong depending on which scale you apply.

    The main thing though, is that one way or another our banking bailout is VERY VERY expensive!

    Anyway, I am glad to see that I won’t get away with being anything less than entirely diligent on the sums, I appreciate ya dropping by and hope y’all come back soon!
    cheers
    karl

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