Who Am I?
- I served in the US Navy from 2002-08; four of those years were as a Nuclear Propulsion Operator aboard an aircraft carrier. I engage in political activism in various Democratic circles when I am able to. I have a cat, and I am an uncle.
All opinions that I express are my own and do not reflect the views of any organization that I represent.
Sunday, May 9, 2010
WALL STREET: ALPHABET REVIEW
I am sure everyone heard about the sudden tumble that Wall Street took on Thursday.
There is concern about the Greek economy and the potential fallout it could have between the US and countries that have the Euro as a currency. Also concerns about the Greek economy have had an impact on the UK Elections that I have been following intently.
Apparently, here is what caused that 15 minute one thousand point tumble: A trader with Proctor & Gamble punched in $16 Billion instead of $16 Million.
Apparently colleges that have business undergrad programs need to incorporate a semester course toward teaching the alphabet.
Let's review shall we of the difference of ONE letter.
One MILLION = A 1 followed by SIX zeros = 1,000,000 = 1 x 106
One BILLION = A 1 followed by NINE zeros = 1,000,000,000 = 1 x 109
A BILLION is 1000 times LARGER than a MILLION.
1,000,000,000/1,000,000 = (1 x 109) / (1 x 106) = 1,000 = 1 x 103
A MILLION is 1000 times SMALLER than a BILLION.
1,000,000 /1,000,000,000 = (1 x 106) / (1 x 109) = 0.001 = 1 x 10-3
Just in case you don't understand the difference between the letters B and M, here is a review.
This is the letter B.
This is the letter M.
Still don't understand?
B.B. King and some fellow Muppets can help explain the letter B.
And this clever Law and Order spoof can help explain the letter M.
Captain Jean-Luc Picard displays very well where these letters are located in the alphabet.
I mean….. REALLY?!?