Wordsmith.org: the magic of words

Wordsmith Talk

About Us | What's New | Search | Site Map | Contact Us  

Page 1 of 2 1 2 >
Topic Options
#113841 - 10/18/03 02:11 PM A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
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



Top
#113842 - 10/18/03 07:14 PM Re: A question of loot
Father Steve Offline
Carpal Tunnel

Registered: 09/06/00
Posts: 2788
Loc: Seattle, Washington, USA
And here I thought that a "G" referred to a thousand dollars, as in "Give me a couple of G's and I'll plug this guy's yap." That's how they used to talk in the movies.


Top
#113843 - 10/18/03 07:25 PM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
Me too. That's why I knew I had to look it up. 5g (five grand) was definitely not enough for Eckerds.


Top
#113844 - 10/19/03 02:11 AM Re: A question of loot
consuelo Offline
Carpal Tunnel

Registered: 06/11/01
Posts: 2636
Loc: Caribbean
Was that just the Eckerds in Canada, or the whole shootin' match? Heck, if they wanted to buy Walgreens, I'd sell it to them for 1G. Of course they'd have to find me to get their money back when they found out that SIMC does not stand for "Substitute Investment Management Chairman"


Top
#113845 - 10/19/03 09:24 AM Re: A question of loot
wwh Offline
Carpal Tunnel

Registered: 01/18/01
Posts: 13858
During the Depression, when Prohibition made gangsters rich, they used slang "grand" for a thousand dollar bill.
So "G" was short for "grand".


Top
#113846 - 10/19/03 09:28 AM Re: A question of loot
Father Steve Offline
Carpal Tunnel

Registered: 09/06/00
Posts: 2788
Loc: Seattle, Washington, USA
Exactly. Tough guys like Edward Grand Robinson used it.


Top
#113847 - 10/19/03 08:33 PM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
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.


Top
#113848 - 10/19/03 08:41 PM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
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?




Top
#113849 - 10/20/03 01:30 AM Re: A question of loot
Bingley Offline
Carpal Tunnel

Registered: 04/09/00
Posts: 3065
Loc: Jakarta
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

Top
#113850 - 10/22/03 09:45 PM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
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.


Top
#113851 - 10/23/03 07:01 AM Re: A question of loot
Faldage Offline
Carpal Tunnel

Registered: 12/01/00
Posts: 13803
The advantage of using G for 10^9 is that it *isn't ambiguous {unless you consider the meaning G(rand)=1000 ambiguity}.


Top
#113852 - 10/23/03 10:22 AM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
But using G is only useful if people know what it means.

I'm thinking they should put the full meaning in parentheses until people recognise the term. Nobody I asked knew what it meant...well, only Hubby the Chartered accountant did.

If you're going to report on news, shouldn't you report in a way that the people understand your message?


Top
#113853 - 10/23/03 10:27 AM Re: A question of loot
Faldage Offline
Carpal Tunnel

Registered: 12/01/00
Posts: 13803
It's pretty common in computer terminology. How big's your hard drive?


Top
#113854 - 10/23/03 10:46 AM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
Dunno. Is my hard drive in that beige box sitting beside my desk? oooo, or which hard drive are you talking about? woo-woo

All kidding aside though, if I ask any of the folks (exept I.T. guy, bien entendu) what a giga(byte) meant they'd have no clue apart from it is a big file that make it possible to make your computer go faster. And the link between that and money is non-existant.


Top
#113855 - 10/23/03 07:14 PM Re: A question of loot
Zed Offline
Pooh-Bah

Registered: 08/27/02
Posts: 2154
Loc: British Columbia, Canada
bel, I personally would never bandy a billion in any variation. And as for a big file that make it possible to make your computer go faster. And the link between that and money is non-existant. Have you checked out the prices in computer stores recently?


Top
#113856 - 10/23/03 10:02 PM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
Oof, you're right there. I have to get a laptop for work (well, I'm on the third try in a month actually) and we're up to some 3,000$.


Top
#113857 - 10/24/03 07:03 AM Re: A question of loot
Faldage Offline
Carpal Tunnel

Registered: 12/01/00
Posts: 13803
we're up to some 3,000$.

Hey, another two thou and you'll can buy you an Eckerds..


Top
#113858 - 10/24/03 01:24 PM Re: A question of loot
belMarduk Offline
Carpal Tunnel

Registered: 09/28/00
Posts: 2891
...can buy you an Eckerds

Faldage, did you take journalism classes...you shimmied us back to the starting point in a turn of a phrase - Just like they teach you. I give you an A


Top
Page 1 of 2 1 2 >

Moderator:  Jackie 
Forum Stats
8738 Members
16 Forums
13806 Topics
215117 Posts

Max Online: 3341 @ 12/09/11 02:15 PM
Newest Members
KatieC, ashishsum, ackcat, mayne, Yesurbius
8738 Registered Users
Who's Online
2 registered (wofahulicodoc, 1 invisible), 18 Guests and 2 Spiders online.
Key: Admin, Global Mod, Mod
Top Posters (30 Days)
LukeJavan8 96
endymion6 89
wofahulicodoc 79
A C Bowden 42
Tromboniator 5
jenny jenny 3
May 3
FoFong 3
LadyReader 2
KatieC 1
Top Posters
wwh 13858
Faldage 13803
Jackie 11609
tsuwm 10522
Buffalo Shrdlu 7210
AnnaStrophic 6511
LukeJavan8 6485
Wordwind 6296
of troy 5400
BranShea 5282

Disclaimer: Wordsmith.org is not responsible for views expressed on this site. Use of this forum is at your own risk and liability - you agree to hold Wordsmith.org and its associates harmless as a condition of using it.

Home | Today's Word | Yesterday's Word | Subscribe | FAQ | Archives | Search | Feedback
Wordsmith Talk | Wordsmith Chat

© 2014 Wordsmith