Word: standardism
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...1920s, but in their day, they were quite the celebrities, even giving false names when traveling by ocean liner in order to dodge the press. These were the men who - in the wake of WW I and the economic destruction it wrought - returned the world to the gold standard, used interest rates to bolster the value of currencies and let stock speculation run rampant. In short, they helped lay the groundwork for the Great Depression. In Lords of Finance: The Bankers Who Broke the World, investment manager Liaquat Ahamed tells the story of these men - a tale with plenty...
...bankers of the time is that you read their letters to each other, and they really were very worried in a way; I don't think Greenspan was worried enough two years ago. But they had these intellectual blinders on and basically were so rigidly tied to the gold standard that they had almost given up almost all degrees of freedom. They didn't do anything but agonize...
...Snow! Unable to travel to sunnier climes? Boston's stylish boutique Colonnade Hotel gives you a reason to embrace winter's deep freeze with the "Frosty Fridays" package. For a two-night weekend stay, you'll pay the standard rate of $295 for Saturday, but your Friday room rate will be whatever the temperature was that night at 5 p.m. The package also includes two tickets and skate rentals to Frog Pond on Boston Common, or a tour on the Old Town Trolley. Warm up with complimentary hot chocolate for two at the hotel's brasserie. Through March; includes parking...
...could truly appreciate the global slowdown until the invention of the atomic clock, which uses the oscillation frequencies of atoms such as cesium, hydrogen or rubidium to mark the passage of time. According to Andrew Novick, an engineer with the time and frequency division of the National Institute of Standards and Technology (NIST), there exist three types of atomic clocks: primary standard clocks, which are state-of-the-art instruments owned by only a handful of nations, such as Germany, Britain and the U.S. (there's one at NIST); smaller, rack-mounted commercially available versions that can cost as much...
Those who can't wait to see 2008 come to a close will have to endure an extra second - literally. On Dec. 31, just before 7 p.m. Eastern time, a leap second will be added to atomic clocks around the world to realign Coordinated Universal Time (UTC), the international standard for atomic clocks, with Earth's rotational period. The reason for the intermittent mismatch between these two measurements lies not with the clocks but with the movement of the planet, which is decelerating at an average rate of two milliseconds...