#113841 - 10/18/03 02:11 PM
A question of loot
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Carpal Tunnel
Registered: 09/28/00
Posts: 2888
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I recently read an article in the Journal the Montréal about a Québec/Canadian pharmaceutical chain (Jean Coutu) who was interested in buying a U.S. chain (Eckerds) for an amount written as 5G $.
I had absolutely NO idea what the G meant so I looked it up. I found out something quite interesting thing that I though you guys would be interested in. PLUS, I want to ask something to our overseas friends.
French and English use the same terms to describe several specific money amounts but some identical terms mean different amounts. Here is the list
French………………English……………….amount
Mille………………..thousand………………1,000
Million……………...million…………………1,000,000
Milliard…………….billion………………….1,000,000,000
Billion………………trillion…………………1,000,000,000,000
Trillion……………..quadrillion……………...1,000,000,000,000,000
Quatrillion………..quintillion…………….1,000,000,000,000,000,000
To our overseas friends…what terms do you use?
Oh, and the G, it stands for giga which stands for milliard/billion.
k = mille/thousand
M = million
G = milliard/billion
T = billion/trillion
P = trillion/quadrillion
E = quatrillion/quintillion
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#113843 - 10/18/03 07:25 PM
Re: A question of loot
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Carpal Tunnel
Registered: 09/28/00
Posts: 2888
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Me too. That's why I knew I had to look it up. 5g (five grand) was definitely not enough for Eckerds.
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#113845 - 10/19/03 09:24 AM
Re: A question of loot
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Carpal Tunnel
Registered: 01/18/01
Posts: 13858
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During the Depression, when Prohibition made gangsters rich, they used slang "grand" for a thousand dollar bill.
So "G" was short for "grand".
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#113847 - 10/19/03 08:33 PM
Re: A question of loot
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Carpal Tunnel
Registered: 09/28/00
Posts: 2888
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They're talking about Eckerds in the U.S. We don't have that chain here. Jean Coutu wants to expand their U.S. business after having tremendous success with the Brooks chain.
I don't think they have enough loot to buy up Walgreens - yet.
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#113848 - 10/19/03 08:41 PM
Re: A question of loot
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Carpal Tunnel
Registered: 09/28/00
Posts: 2888
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I know what you mean WWH and FS. We're just so used to the G standing for a grand/$1,000. but it is really meant to stand for a billion U.S.
My hubby - a chartered accounted - got me the list of accurate terms.
They are in capital letters. I'll skip the French versions to avoid confusion:
K = kilo = thousand dollars
M = mega = million
G = giga = billion
T = tera = trillion
P = peta = quadrillion
E = exa = quintillion
Even though G was the correct term to use in the article, I can't imagine why they would have used it since I, and everybody I asked, had no idea what they were saying.
Isn't the point of a newspaper to put across information. If they write in language that people don't understand, what is the use?
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#113849 - 10/20/03 01:30 AM
Re: A question of loot
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Carpal Tunnel
Registered: 04/09/00
Posts: 3065
Loc: Jakarta
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Bel, until certain people who shall remain nameless, but live to the South of you, got in on the act, English and French agreed.
thousand 10^3
million 10^6
thousand million 10^9
billion 10^12
trillion 10^15 etc.
However, now those-who-shall-not-be-named have confused matters so that nobody knows what billion means anymore.
Bingley
_________________________
Bingley
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#113850 - 10/22/03 09:45 PM
Re: A question of loot
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Carpal Tunnel
Registered: 09/28/00
Posts: 2888
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Aye andt it is very confusing here in Canada since English Canada has adopted the U.S. variation and French Canada stayed with the first.
So here in bilingual Montréal, Québec, we have both variations being bandied about.
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