AOL Money & Finance

TheDailyBeast posts

Feed

A billion? A trillion? What's the difference?

Writing on TheDailyBeast (where I also have a column), Christopher Buckley points out an interesting correction from The Wall Street Journal:

The U.S. budget deficit is projected to total $1.2 trillion this year. A page-one World-Wide news summary in some editions Jan. 8 incorrectly put the figure at $1.2 billion.

Oops! The difference is only a factor of 1,000 but once you get over the $700 billion mark, does it really even matter? And since we're just going to be printing the money anyway -- we certainly don't have it sitting around -- and foisting the bill on future generations, who cares?

But that got me thinking: How many other brilliant newspaper errors have there been? It turns out that there's an entire website devoted to them. Log-on to Regret The Error and check out their best corrections of 2008. The best correction of the year goes to The Daily Mail:

In articles published on 23 and 26 May 2008, we gave the impression that Mr Gest had contracted a sexually transmitted infection and alleged that he had Liza Minnelli's dog killed without her knowledge. This was wrong. David Gest has never had a sexually transmitted infection and did not have Ms Minnelli's dog killed. We apologise to Mr Gest for any embarrassment caused.

Continue reading A billion? A trillion? What's the difference?

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 27, 2009: 04:30 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance