January 2, 2009
The credit crisis erased $14 trillion (McKeef 2008-12-31) from world stock markets in 2008. Where does $14 trillion in world stock markets go? How can that much capital disappear from the market? The infamous year 2008 will be known in the future as the year that fundamental concepts in the moral mathematics of the market were forever changed. This credit crisis was the worst since the Great Depression of the 1930s but its ramifications may be even deeper.
How can we visualize a billion dollars? How much more difficult is it to imagine a trillion dollars?
The most recent wiki entry (2009-01-01) describes how any attempt to visualize numbers higher than a million is complicated because there are too systems of numeric names and the difference between the two scales grows as numbers get larger. Million is the same in both scales, but the long-scale billion is a thousand times larger than the short-scale billion, the long-scale trillion is a million times larger than the short-scale trillion. The short scale system is used in the US and a long scale system is used in the UK. The short scale system of numeric names means every new term greater than million is 1,000 times the previous term: “billion” means “a thousand millions” (109), “trillion” means “a thousand billions” (1012), and so on. Long scale refers to a system of numeric names in which every new term greater than million is 1,000,000 times the previous term: “billion” means “a million millions” (1012), “trillion” means “a million billions” (1018). (wiki).”
6 zeros = 1 million, a thousand thousands or (106)1, 000, 000
8 zeros = a hundred million (108) 100, 000, 000 this image
9 zeros = 1 billion in the short scale system used in the US = a thousand millions or (109) or 1,000,000,000
12 zeros = 1 trillion in the short scale system used in the US = “a thousand billions (1012) or 1,000,000,000,000
12 zeros = 1 billion in the long scale system used in the UK: 1,000,000,000,000
18 zeros = 1 trillion in the long scale system used in the UK is a million billions (1018) or 1,000,000,000,000,000,00
1,000,000 6 zeros = 1 million, a thousand thousands or (106)1, 000, 000
“World stock markets ended on an uptick for the year on Wednesday, after some bourses registered their worst annual losses in history. Global stocks as measured by the MSCI world index ended up 0.76 percent for the day and posted their first monthly gain in seven months, but lost 43.36 percent for the year. About $14 trillion (9.6 trillion pounds) in market capitalisation was erased from world stock markets in 2008 in the wake of the worst credit crisis since the Great Depression of the 1930s. “It has been a shocking year, hardly anything was spared in the carnage,” said Michael Heffernan, strategist at Austock Group in Australia. U.S. stocks edged up on Wednesday and saw their first monthly gain in five months, but the year has been the worst for Wall Street stocks since the Great Depression (McKeef 2008-12-31).”
June 17, 2007
Fraser Los (2007) reviewed recent publications by two “religious insiders with long political memories.” He describes Bill Moyer and Garry Wills as sober thinkers with mature experience. Yet they are both stating the urgency to revisit the issue of separating church and state. Debates between secular humanism and religions have been going on for decades but they have taken a strange and serious turn according to Moyer and Wills.
Wills (2006) is concerned with the most conservative fringes of evangelical Christians and Catholics who have aligned themselves politically under the Bush administration to promote extreme views on “education, the environment, the family, gun control and regulation of any kind (Los 2007).” Moyer (2004, 2006) primarily focuses his concern on the concept of the Rapture, a bizarre belief of fundamentalist evangelicals, who believe in literal, temporal and physical salvation and damnation. In their most extreme form this allows them to justify unsustainable ecological behaviour because divine intervention will protect them regardless of their environmental actions.
“As difficult as it is, however, for journalists to fashion a readable narrative for complex issues without depressing our readers and viewers, there is an even harder challenge – to pierce the ideology that governs official policy today. One of the biggest changes in politics in my lifetime is that the delusional is no longer marginal. It has come in from the fringe, to sit in the seat of power in the oval office and in Congress. For the first time in our history, ideology and theology hold a monopoly of power in Washington. Theology asserts propositions that cannot be proven true; ideologues hold stoutly to a world view despite being contradicted by what is generally accepted as reality. When ideology and theology couple, their offspring are not always bad but they are always blind. And there is the danger: voters and politicians alike, oblivious to the facts (Moyers 2004).
Monbiot, author and columnist for the London Guardian, published Manifesto for a New World Order (2004) which unsettled the concept of the new world order as proposed by the first President Bush in which he envisioned the future of the United States after the collapse of the socialist camp. Monbiot (2003, 2004) described how in order to understand the US attitude towards the Middle East you have to understand politics in Texas. Monbiot’s work has been compared to that of Nobel Prize-winning economist Joseph E.Stiglitz, who published Globalisation and its Discontents (2002). Whereas Stiglitz is described as a disillusioned academic, Monbiot is described as a cool-headed revolutionary who calls for action (Morag 2003).
Where does this leave moderate civil religions according to Moyers, Monbiot and Wills?
Fraser, Morag. 2003. “Review of The Age of Consent: A Manifesto for a New World Order.“ July 12.
Los, Fraser. 2007. “God and Government.” Alternative Journal. 33:1:36-7.
Monbiot, George. 2003. Manifesto for a New World Order. Flamingo.
Monbiot, George. 2004. “Apocalypse Please. ” The Guardian. April 20.
Monbiot, George. 2004. “Religion of the Rich.” The Guardian. November 9.
Monbiot, George. 2005. “My heroes are driven by God, but I’m glad my society isn’t.” The Guardian. October 11.
Moyers, Bill. 2004. “On Receiving Harvard Med’s Global Environment Citizen Award.”t r u t h o u t | Perspective. December 1.
Moyers, Bill. 2006. Welcome to Doomsday. New York: New York Review Books.
Stiglitz, Joseph E. 2002. Globalisation and its Discontents. Penguin.
Wills, Garry. 2006. Bush’s Fringe Government. New York: New York Review Books.
Ubiquitous computing and the cyberworld panopticon. How your indelible digital traces can be used against you. Andrew Feldmar, 66, a Vancouver psychotherapist used LSD 30 years ago and published his story. He has not used illegal drugs since but after a US/CA Customs web search found his story online in summer of 2006, he can no longer enter the US.
Feldmar said, “I should warn people that the electronic footprint you leave on the Net will be used against you. It cannot be erased.”
For more on ubiquitous computing and the politics on pervasive computing, see Galloway 2007.
Galloway, Anne. 2007. “Shepherding the politics of pervasive computing, Part I.” >> Purse Lip Square Jaw. May 3.
Liptak, Adam. 2007. “Web searches at U.S. border bring scrutiny to new level.” International Herald Tribune. May 14.
February 2, 2007 in Paris 10th session of the Intergovernmental Panel on Climate Change (IPCC) agreed on a succinct, accurate report from an enormous body of observations of all parts of the climate system by 2,500 scientists. What are we going to do about it? Will politicians and policy makers be able to face up to unconcerned uber wealthy CEOs?
The 10th session of the Intergovernmental Panel on Climate Change (IPCC) provides a succinct, accurate report gleaned by 2 500 scientists from more than 130 nations from an enormous body of observations of all parts of the climate system for over a decade based on hard science. Based on their combined authority, we can now say with 90% certitude that climate change is man-made. Extreme weather events such as tropical cyclones, hurricanes, heat waves and ice storms will increase, the earth’s temperature will rise, glacieirs will continue to melt. Before February 2, 2007 the debate was public, “Is climate change linked to human activity?” While individuals still have a major role to play, the question can no longer be avoided by politicians and public policy makers, “What are we going to do about climate change?”
- 10th Session of IPCC Working Group I
- Climate Change 2007: The Physical Science Basis
- U.S bosses out of step on climate change
- UN climate report paints bleak picture
- Final Report: Humans Caused Global Warming
- New Warnings on Climate Change
See also Nobel Prize nominee Sheila Watt-Cloutier on “The Right to be Cold”
Flynn-Burhoe, Maureen. 2007. Final Report of the Intergovernmental Panel on Climate Change (IPCC).
http://docs.google.com/View?docid=ddp3qxmz_89rqp57p . Google Docs. First uploaded February 2, 2007 to Digg and Papergirls Speechless. Last updated February 3, 2007. Creative Commons Copyright License 2.5 BY-NC-SA February 2, 2007.