On 6 Nov 2010 at 18:29, Rick Froman wrote:

> I know there is a discrepancy between American and British accounting for 
> billions but, in the system native
> to Harvard U. (and as announced on the linked page below), Harvard has a 
> $27.6B endowment. .

This has always been a source of confusion for me, but at last 
Wikipedia appears to have sorted me out (see entry under "long 
and short scales").

Britain, the USA, Canada and most English-speaking countries 
are all on the same page nowadays, in which 1 billion = 1 
followed by nine zeros. This is the "short scale". The only 
exception seems to be Quebec (isn't it always) where in French 
1 billion = 1 followed by 12 zeros (the "long scale").  I didn't 
know that. 

So I guess if you win a billion dollars in a lottery up here, you 
should ask for it in French. 

Stephen.


--------------------------------------------
Stephen L. Black, Ph.D.          
Professor of Psychology, Emeritus   
Bishop's University
Sherbrooke, Quebec, Canada               
e-mail:  sblack at ubishops.ca
---------------------------------------------

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