Jul 241 hour ago
The BBC reports on the shocking rate of inflation in Zimbabwe and the huge numbers of zeros on the country’s currency.
The counting of zeros had already become a nightmare for bankers and shoppers before the introduction of the new note - which at the time of writing would buy about two loaves of bread.
So far this year, the country ravaged by hyperinflation has been forced to print 100-million, 250-million and 500-million notes in rapid succession. All of them are now almost worthless.
It has become common now for Zimbabweans to talk of their daily expenses in trillions (one trillion has 12 zeros).
There so sign of this inflation slowing down. Official rates are now quoted at 2,200,000% but independent estimates put that number closer to 20 million percent. What I find historically fascinating is that Zimbabwe holds neither the world record for the highest inflation rate nor the largest denomination bank note. The RBZ issued a $100 billion note just last week. On the topic of historical hyper-inflation, Wikipedia says:
Hungary went through its worst inflation in modern history in 1945-46. Before 1945, the highest denomination was 1,000 pengő. By the end of 1945, it was 10,000,000 pengő. The highest denomination in mid-1946 was 100,000,000,000,000,000,000 pengő. The rate of inflation was 4.19 quintillion (4.19 x 1018) percent.
No comments | Filed Under: africa, money, news, world, zimbabwe
Jul 222 days ago, around lunchtime
“The Modern Toilet”, a restaurant so popular that it now has several locations in Taiwan and China. You sit on toilets, you eat out of mini toilets, everything is toilet-themed — including the menu. Look at the pictures for “The Number Two.”
via The Matador Pulse.
No comments | Filed Under: links, quirky
Jul 222 days ago, in the early morning
From The Traveler’s Notebook:
If your next flight is short, you might want to consider taking a train instead. Besides cutting out the long lines at security, you can also relax in more spacious cabins, use your cell phone and laptop (many even have power outlets) and avoid ear popping cabin air pressurization.
No comments | Filed Under: environment, travel
Jul 222 days ago, in the early morning
Photos of Mike Tyson’s abandoned mansion. What an odd house. Half of it is bathrooms & an indoor pool and looks like it was designed by Homer Simpson.
via Kottke.
No comments | Filed Under: links, people, photography
Jul 213 days ago, in the early evening
The forthcoming Wordpress app for iPhone and iPod Touch:
Introducing the first Open Source app that lets you write posts, upload photos, and edit your WordPress blog directly from your iPhone or iPod Touch. With support for both WordPress.com and self-hosted WordPress (2.5.1 or higher), users of all experience levels can get going in just seconds.
via TUAW.
No comments | Filed Under: apple, blogging, links, wordpress