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  1. #1 Arab states lost $2,500 billion to global crisis 
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    Kuwait's foreign minister says that Arab countries have lost $2,500 billion in the last four months because of the global financial crisis.

    Sheik Mohammed Al Sabah says oil-rich Gulf states have postponed or canceled 60 percent of their development projects due to the meltdown. He didn't provide details or elaborate on the figure.

    He spoke to reporters Friday ahead of an Arab Economic Summit in Kuwait City.

    Heads of state of 22 Arab countries will discuss the effect of the crisis on their economies when they meet Monday and Tuesday in Kuwait.

    (In the US, a "billion" is a thousand-million (9 zeroes) while in various European countries, a "billion" is a million-million (12 zeroes))

    http://www.newsvine.com/_news/2009/0...-global-crisis
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    So which "billion" is it, and why not use "trillion"?
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    Quote Originally Posted by megimoo View Post
    Kuwait's foreign minister says that Arab countries have lost $2,500 billion in the last four months because of the global financial crisis.

    Sheik Mohammed Al Sabah says oil-rich Gulf states have postponed or canceled 60 percent of their development projects due to the meltdown. He didn't provide details or elaborate on the figure.

    He spoke to reporters Friday ahead of an Arab Economic Summit in Kuwait City.

    Heads of state of 22 Arab countries will discuss the effect of the crisis on their economies when they meet Monday and Tuesday in Kuwait.

    (In the US, a "billion" is a thousand-million (9 zeroes) while in various European countries, a "billion" is a million-million (12 zeroes))

    http://www.newsvine.com/_news/2009/0...-global-crisis
    It is best to speak the language of the native population... 2.5 Trillion.

    I believe in Christianity as I believe that the sun has risen: not only because I see it, but because by it I see everything else.
    C. S. Lewis
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    Quote Originally Posted by FlaGator View Post
    It is best to speak the language of the native population... 2.5 Trillion.
    In the UK and Kuwait it's thousands of billions not Trillion .A UK Trillion is a billion billion And the native language of the post was spoken .

    (In the US, a "billion" is a thousand-million (9 zeroes) while in various European countries, a "billion" is a million-million (12 zeroes) and a UK or Kuwait trillion is billion billion (18 zeroes)

    ................................Here read the original piece !

    Arab states lost $2,500 billion to global crisis
    The Associated PressPublished: January 16, 2009

    KUWAIT CITY: Kuwait's foreign minister says that Arab countries have lost $2,500 billion in the last four months because of the global financial crisis.
    Sheik Mohammed Al Sabah says oil-rich Gulf states have postponed or canceled 60 percent of their development projects due to the meltdown. He didn't provide details or elaborate on the figure.He spoke to reporters Friday ahead of an Arab Economic Summit in Kuwait City.Heads of state of 22 Arab countries will discuss the effect of the crisis on their economies when they meet Monday and Tuesday in Kuwait.
    http://www.iht.com/articles/ap/2009/...own-Losses.php

    ..................................................


    "billion": a U.K. view
    by Mark Israel

    The U.S. and traditional British names for large numbers are as
    follows:

    U.S. Traditional British
    10^6 million million
    10^9 billion thousand million or milliard
    10^12 trillion billion
    10^15 quadrillion thousand billion
    10^18 quintillion trillion
    10^21 sextillion thousand trillion
    10^24 septillion quadrillion
    10^27 octillion thousand quadrillion
    10^30 nonillion quintillion
    10^33 decillion thousand quintillion
    10^36 undecillion sextillion
    10^39 duodecillion thousand sextillion
    10^42 tredecillion septillion
    10^45 quattuordecillion thousand septillion
    10^48 quindecillion octillion
    10^51 sexdecillion thousand octillion
    10^54 septendecillion nonillion
    10^57 octodecillion thousand nonillion
    10^60 novemdecillion decillion
    10^63 vigintillion thousand decillion
    . .
    . .
    . .
    10^303 centillion
    . .
    . .
    . .
    10^600 centillion

    The word "billion" has existed in France since the 15th century.
    Opinions differ as to its initial meaning: one possibility is that
    it meant 10^12 to mathematicians and 10^9 to others. The first
    use in England recorded in the OED is by Locke in 1690: the
    quotation clearly shows that for Locke it meant 10^12. This
    remained the standard British meaning until the middle of the 20th
    century. Early in the 18th century, French arithmeticians revised
    its meaning to 10^9, and the U.S., acquiring the word directly from
    the French, took this meaning also.

    French has the word "milliard", also meaning 10^9, which had
    largely displaced "billion" by the beginning of the 20th century.
    ("Milliard" is given in English dictionaries, though most of the few
    people who know it would think of it as a French word.) By 1948,
    the use of large numbers in the sciences and the declining value of
    the franc led the French Weights and Measures conference to
    recommend the return of "billion" to its original meaning of 10^12.
    This became official policy in 1961. For more information on
    international usage, see
    <http://www.worldwidewords.org/articles/numbers.htm>.

    By this time, the British had been introduced to the U.S.
    meaning. MEU warns us that the usages differ; MEU2 (1965) suggests:
    "Since billion in our sense is useless except to astronomers, it
    is a pity that we do not conform [to the U.S. meaning]". The
    British Government took this advice in 1974, when Prime Minister
    Harold Wilson announced to the House of Commons that the meaning
    of "billion" in papers concerning Government statistics would
    thenceforth be 10^9, in conformity with U.S. usage.

    Despite this, the U.S. meaning is still rare outside journalism
    and finance, its introduction having served merely to create
    confusion. Throughout the U.K., a common response to the question
    "What do you understand by 'a billion'?" would be: "Well, I mean a
    million million, but I often don't know what other people mean."
    Few schoolchildren are confident of the meaning, though, again,
    10^12 seems to be preferred. Many well-educated adults, aware of
    both meanings, either avoid the term altogether or use it only in
    the unambiguous phrases "English billion" and "American billion".
    English-speaking South Africans, Australians, and New Zealanders
    are similarly reluctant to use a term that has become ambiguous.

    Scientists have long preferred to express numbers in figures
    rather than in words, so it is easy to avoid "billion" in contexts
    where precision is required. The plural is still used freely with
    the colloquial meaning of "a very large number".

    Publications consulted:

    OED, Editions 1 and 2.
    Robert, Dictionnaire historique de la langue francaise.
    P Pamart, "A propos d'une reforme des mesures legales", in "Vie et
    Langage", (125)1962, pp 435-437.
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    Power CUer FlaGator's Avatar
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    Quote Originally Posted by megimoo View Post
    [SIZE="3"]In the UK and Kuwait it's thousands of billions not Trillion .A UK Trillion is a billion billion And the native language of the post was spoken .

    (In the US, a "billion" is a thousand-million (9 zeroes) while in various European countries, a "billion" is a million-million (12 zeroes) and a UK or Kuwait trillion is billion billion (18 zeroes)
    But I don't live in either the UK or Kuwait :)

    I believe in Christianity as I believe that the sun has risen: not only because I see it, but because by it I see everything else.
    C. S. Lewis
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  6. #6  
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    Quote Originally Posted by FlaGator View Post
    But I don't live in either the UK or Kuwait :)
    email the AP for a speciqal edition just for you !
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