London Olympics... Financial Burden.. Way Past Its Sell By Date

[JimOttley]

Financial UK instituitions still use the UK Billion, not the US one, the computers the traders use automatically convert so the actual trading is all done in the same units in micro-land.

So when Alistair Darling says we had a budget deficit of 90 Billion in April and forecasts 180 Billion or whatever the horrific number is, what units is he using

Personally I've not seen or heard a financial report in the UK that used the British billion, pretty much ever.

Jim

[Ayjay]

So when Alistair Darling says we had a budget deficit of 90 Billion in April and forecasts 180 Billion or whatever the horrific number is, what units is he using

Personally I've not seen or heard a financial report in the UK that used the British billion, pretty much ever.

Jim

Mathmatically one billion is 10 raised to the power 9. or, 1000,000,000..

So just what is a Brit billion..??

AJ

[JimOttley]

Mathmatically one billion is 10 raised to the power 9. or, 1000,000,000..

So just what is a Brit billion..??

AJ

How old are you?

10 to the power 12 as I pointed out above. (correction I implied it above)

one million million

It used to bug me as a young adult in the 1980's but not anymore I am pretty relaxed about most things these days

jim

[Ayjay]

How old are you?

10 to the power 12 as I pointed out above.

one million million

It used to bug me as a young adult in the 1980's but not anymore I am pretty relaxed about most things these days

jim

Are you sure..???

http://en.wikipedia.org/wiki/1000000000_(number)

I will accept your gracious apology in your next post.. Or any links to any other definition past or present...

AJ

[JimOttley]

Are you sure..???

http://en.wikipedia.org/wiki/1000000000_(number)

I will accept your gracious apology in your next post.. Or any links to any other definition past or present...

AJ

AJ sir, that was not even a wiki page it was a placeholder for an error

Boss found a good reference, most kids from the 60's or earlier would recognise the british billion, even young Gary knew about it.

Personaly I am sad to see it's decline but what the heck, we get to use big number names the US way

Let's just hope that US trillion does not become a familiar number of pounds on the news

I'm on a cellphone btw which is why my replies are a bit slow.

Jim

[Ayjay]

AJ sir, that was not even a wiki page it was a placeholder for an error

Boss found a good reference, most kids from the 60's or earlier would recognise the british billion, even young Gary knew about it.

Personaly I am sad to see it's decline but what the heck, we get to use big number names the US way

Let's just hope that US trillion does not become a familiar number of pounds on the news

I'm on a cellphone btw which is why my replies are a bit slow.

Jim

Thanks for taking time out to reply... I suppose that the upside to this is that the terminology has been standardised thus eliminating potential confusion..

Regards

AJ