Trillion Is The New Billion

Posted By Ben Goulding, 22 July, 2009 | permalink

Is anyone able to fully comprehend what $1 trillion really is? Mint.com have put together a nice video to help.

No longer is government spending talked about in terms of a mere ten digits. With the recent flurry of government spending, we are going to need another three zeros to make sense of it all. One trillion dollars is a number that few people can comprehend, let alone your standard nine digit calculator. So what does one trillion dollars look like?


(Youtube Link)

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Pepper Spray In ATMs To Stop Criminals

Posted By Ben Goulding, 19 July, 2009 | permalink

Cash machine criminals have become a big problem for South Africa. The number of cash machines blown up with explosives has risen from 54 in 2006, to nearly 500 last year. This problem needs to be solved. Deploy more police onto the streets perhaps, or how about increase surveillance? Well South African officials had a much better idea…they decided to squirt the criminals with pepper-spray, directly from inside the cash machine.

ATM. Image: delhinybank

ATM. Image: delhinybank

Cameras are used to detect whether someone is tampering with the card slots. If they are, another machine releases pepper spray to stun the criminal while police response teams race to the scene.

“But the mechanism backfired in one incident last week when pepper spray was inadvertently inhaled by three technicians who required treatment from paramedics.”

At present, only a few ATMs are using the technology, however if the scheme is successful it will be expanded to cash machines around the country.

What are your opinions on this? Is it too extreme or is it what’s needed to try to stop ever growing numbers of cash machine criminals?

Link

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The Words “I Love You” Are Worth £163,424

Posted By Ben Goulding, 13 July, 2009 | permalink

Value Of Love. Image: persistentillusionFor some it may be priceless, however a new study has found that hearing the words “I Love You” has a monetary value of £163,424 ($264,665).

Researchers in the UK asked 1,000 people to to rate their top 50 life events and experiences that made them happy and compare them with the pleasure they would get from winning the lottery. Overall this gave a value to the words “I Love You” of £163,424.

Good health had the highest monetary value of £180,105, having children totaled £123,592, whilst spending time with friends was worth £63,256. Surprisingly eating chocolate was worth £9,000 more than having a meal.

Is it really possible to put a monetary value on such events? Different individuals, different wealths and different priorities surely make it impossible. Could you really put a price on your health or on your children? I would have thought they would be priceless, no?

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A Spectrum Of U.S. Consumer Spending

Posted By Ben Goulding, 11 July, 2009 | permalink

US Consumer Spending. Image: visualeconomics

The image illustrates consumer spending as of April 2009.

It’s interesting to see that only 7 out of the 12.4 percent of income spent on food is for food at home. Is this a sign of lavish lifestyles or is it the root cause of the obesity problems we have in the US. Read into it what you will.

[Via Visual Economics]

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