Showing posts sorted by relevance for query Cash. Sort by date Show all posts
Showing posts sorted by relevance for query Cash. Sort by date Show all posts

Saturday, November 28, 2020

Cash

Cash (pronounced kash)

(1) Money in the form of coins or banknotes, historically that issued by a government or a bank or other financial institution operating with the approval of a government.

(2) Money or an equivalent paid at the time of making a purchase.

(3) Immediate payment, in full or part, for goods or services, even if not paid in physical cash (ie as distinct from the various forms of time (delayed) payment).

(4) To give or obtain cash for a check, money order, bill of exchange etc.

(5) In some games of cards, (1) to win (a trick) by leading an assured winner or (2) to lead (an assured winner) in order to win a trick.

(6) Any of several low-denomination coins of China, Vietnam, India, and the Dutch East Indies (modern-day Indonesia), especially the Chinese copper coin.

1590–1600: From the Portuguese caixa, from the Tamil காசு (kācu) (a copper coin), from the Sanskrit kara (a weight (of precious metal such as silver or gold)).  There was also the sixteenth century Old Italian cassa (money box) from the Latin capsa (case).  Variation of cash appear in many languages including the Japanese: キャッシュ (kyasshu), the Serbo-Croatian (kȅš & ке̏ш) the Romanian cash and the Swedish cash.

Cashable is an adjective, cashability & cashableness are nouns.  The noun plural is cash (except for the proper noun; the surname’s plural being Cashes).  The homophone of cash is cache, often mispronounced as kaache although cache’s adoption as a technical term in computing has led some to suggest kaache should be the use in the industry with kash for all other purposes and there’s much support for the view which does make sense, even if, given the specificity of the context, confusion is unlikely.  The verb cashier (and the related cashiering & cashiered) is (1) the simple past tense and past participle of cashier and (2) the apparently curious term for the dismissal of a military officer, cashiered in this context from the Dutch casseren & kasseren, from the Old French casser (to break (up)).  During a ceremonial cashiering, the break of his link with the military was sometimes symbolized dramatically by literally breaking the officer’s sword (which had in advance been partly sawn through).   

The surname appears to be an American variant of Case, the records indicating it was first adopted by in the US by German immigrants named Kirch and Kirsch, an example of the Anglicization of names once a common of those migrating to the English-speaking world.  In rare cases it has been used a male given name, often as a second name reflecting the mother’s maiden name.  A cashier (person in charge of money), dates from the 1590s, from the French caissier (treasurer), from caisse (money box), the immediate source of the English word perhaps the Middle Dutch kassier.

Lindsay Lohan themed cash.  Unfortunately, these Lohanic notes are not issued by the US Federal Reserve and thus neither legal tender nor readily convertible (at least at face-value) to other currencies.  However, Lindsay Lohan is dabbling in the embroynic world of the NFT (non fungible token) which may evolve to have some influence on the development of how cash is stored and exchanged (if not valued).   

In idiomatic use, cashing-in one’s chips means literally to take one’s winnings and leave the casino but is also used to mean “to die” whereas cashing-up is a technical term from business referring to the end-of-day audit & balancing procedures.  A moneybags (ie bags full of cash) is someone (usually conspicuously) rich.  A cash-cow is a product or service which dependably provides the owner or operator a lucrative profit.  A cash-crop (agricultural product grown to sell for profit) is attested from 1831 and was distinct from one with some other primary purpose (such as for self-sustenance or stock-feed).  A cash-back is a trick in advertising and a form of discount.  The phrase cold, hard cash is another way of emphasizing the primacy of money.  A cash-book (which historically were physical ledgers but most are now electronic) was a transactional register.  To cash was “to convert (a cheque (the US check) or other bill of exchange) to cash", known since 1811 as a variation of the noun and the now-extinct encash from 1865 was also used as a piece of specialized jargon meaning exactly the same thing; it was replaced as required by cashed & cashing.  The cash-box (also called money-box), dating from the 1590s, was (and remains) a box for the safe-keeping physical cash and was from the sixteenth century French caisse (money box), from the Provençal caissa or the Italian cassa, from the Anglo-Norman & Old French casse (money box), from the Latin capsa (box, case) ultimately from capiō (I take, I seize, I receive), from the primitive Indo-European kehp- (to grasp) (which also led to the Spanish caja (box); the original sense was literally the wooden or metal box by the eighteenth century, the secondary sense of the money began to run is parallel before, for most purposes, becoming the sole meaning.  To cash in is to profit from something, applying it one's advantage.  A cash-register, dating from 1875, was historically a mechanical device used to record transactions and issue receipts, such machines now mostly electronic and increasingly linked to centralized (even international) databases; in Jewish humorous use, a cash-register was “a Jewish piano”.  Cash-flow (which surprisingly seems to date only from 1954) refers to a specific characteristic of business and means the periodic accumulation of disposable revenue to permit the operations always to meet its obligations and continue trading; it’s not directly related to long-term profitability in that something with a good cash-flow can continue indefinitely while only breaking even while a profitable concern with a poorly managed cash-flow can flounder.  In commerce, use is common such as cash-and-carry, cash account, cash-only, discount for cash etc although transaction handling costs have affected the last: where once it was common for businesses to offer a discount to customers paying with physical cash (sometimes because it offered the possibility of a hidden (ie un-taxed) transaction, it’s now not uncommon for a fee to be imposed, reflecting the difference in processing costs for weightless (electronic) payments compared with the physical (notes & coins).  In criminal slang, "cash" is said to be a euphemism for “to do away with, to kill” the word "disband" also carrying this meaning and both “cash” and “disband” are reputed to be used on the dark web as code by those offering contract killing although such things are hard to verify and may be an internet myth. Cash on delivery (COD) dates from 1859 and was an invention of American commerce designed to encourage sales from businesses previously unknown to the individual consumer.  Cashless (often as cashless-society or cashless transaction) refers usually to the elimination of physical money (ie notes and coins), something sought by many bureaucrats for various reasons although of concern to civil libertarians.

According to anthropologists, the word cash (money and all that) is really derived from the word kash, a beer brewed in Ancient Egypt which was used to pay workers (including the builders of the Great Pyramids).  Stone cutters, slaves, architects, and even public officials were often paid (at least in part) with beer, two containers of kash often set as the minimum wage for an Egyptian laborer’s day of work.  At the time, there was quite a brewing industry, the Egyptians known to be distributing at least six varieties of beer by 3,000 BC and there is evidence it played a part in the social conventions of the age: in some circumstances if a man offered a lady a sip of his beer, they could be held to be betrothed so dating could be minefield for those who’d drunk too much.

The traditions associated with kash spread.  In Mesopotamia, tavern owners found guilty of overcharging patrons for beer could be sentenced to death by drowning in the Tigris or Euphrates rivers (depending on where the establishment was located) although most punishments were apparently commuted to fines.  The Ancient Babylonians, serious about beer making, to regulate quality decreed that any commercial beer maker who sold unfit beer was to be drowned in that very impure libation although no records exist which confirm how many were actually suck in their own dodgy brew.  The most attractive Babylonian tale (although not one all historians accept) is that more happily, a bride’s father would supply all the “honey" kash (a form of kash to which honey and sweet herbs were added) the groom could drink for one month after the wedding.  Because the calendar was lunar based, this month was referred to as the “honey moon”.

Saturday, July 8, 2023

Sling

Sling (pronounced sling)

(1) A (sometimes improvised) device for hurling stones or other missiles, constructed typically by the use of a short strap with a long string at each end, operated by placing the missile in the strap, and, holding the ends of the strings in one hand, whirling the instrument around in a circle and releasing one of the strings to discharge the missile; often called a slingshot (or sling-shot).

(2) A bandage used to suspend or support an injured part of the body, most commonly in an arrangement suspended from the neck to support an injured arm or hand.

(3) A strap, band, or the like, forming a loop by which something is suspended or carried, as a strap attached to a rifle and passed over the shoulder.

(4) As sling-back, a design used for woman’s shoes which uses an exposed, usually thin strap which wraps around the ankle.

(5) A rope, chain, net, etc, used for hoisting freight or other items or for holding them while being hoisted.

(6) An act or instance of slinging.

(7) In nautical use, a chain or halyard for supporting a hoisting yard (an in the plural (as slings), the area of a hoisting yard to which such chains are attached; the middle of a hoisting yard.

(8) To throw, cast, or hurl; fling, as from the hand.

(9) To place in or secure with a sling to raise or lower; to raise, lower, etc by such means; to hang by a sling or place so as to swing loosely.

(10) To suspend.

(11) An iced alcoholic drink, typically containing gin, water, sugar, and lemon or lime juice.

(12) In mountaineering, a loop of rope or tape used for support in belays, abseils, etc.

(13) A young or infant spider, such as one raised in captivity or those in labs used in scientific or industrial research (a shortening of s(pider)ling).

(14) In the sport of badminton, carrying the shuttle on the face of the racquet rather than hitting it cleaning (penalized as a foul).

1175–1225: From the Middle English noun slynge (hand-held implement for throwing stones) & verb slyngen (past tense slong, past participle slungen & slongen) (to knock down" using a sling (and by the mid-thirteenth century “to throw, hurl, fling, especially if using a sling), probably from the Old Norse slyngja & slyngva (to hurl, to fling), from the Proto-Germanic slingwaną (to worm, twist) which was cognate with the Middle Low German slinge (a sling), the Old High German slingan and the Old English slingan (to wind, twist) and etymologists speculate that while the Middle English noun may be derived from the verb, the sense of “strap, hoist” may be of distinct (an uncertain) origin.  The Old English slingan (to wind, twist) came from the same source and comparable European forms include the German schlingen (to swing, wind, twist), the Old Frisian slinge, the Middle Dutch slinge and the Danish and Norwegian slynge, from the primitive Indo-European slenk (to turn, twist) which may be compared with the Welsh llyngyr (worms, maggots), the Lithuanian sliñkti (to crawl like a snake) and the Latvian slìkt (to sink).  The Oxford English Dictionary (OED) approved the past tense slung but not slang.  Sling is a noun & verb, slinger is a noun, slinging & slung are verbs and slinged is a verb & adjective; the noun plural is slings.

The notion of the verb was doubtlessly that of the missile being twisted and twirled before it is released and the stone or piece of metal hurled was by the late fourteenth century known as a sling-stone, the older English word for which was lithere, from the Old English liþere (related to leather), the connection being the strips of tanned animal hide used in slings.  Etymologists note the likely influence of Low German cognates in the sense development in English, the use to describe a “loop for lifting or carrying heavy objects” documented since the early fourteenth century and the “leather shoulder strap for a musket or other long-arm” was in use by at least 1711.  As pieces of fabric used to support injured arms, there evidence of use dating back thousands of years but such things seem formally to have been called slings only after the 1720s, the earlier medical word in Middle English for a “sling or supporting loop used in treating dislocations”, although there was also the early fifteenth century stremb & suspensorie, from the Medieval Latin stremba.  The slingshot (also sling-shot or hand-catapult) dates from 1849 and although it seems likely to have previously been in oral use, it’s not documented as a verb until 1969.  The slung-shot, first recorded in 1848, was a rock wrapped in a sling, used as a weapon by the criminal class and those living in rough neighborhoods.

Separamadu Lasith Malinga (b 1983), a Sri Lankan cricketer and right-arm fast bowler who was known as "Slinga Malinga" because of his unusual delivery, often referred to as a "sling action".

As a battlefield weapon, the sling is ancient and has endured (often in improvised form) to this day because it’s simple, reliable and can readily be fashioned from whatever falls to hand.  As projectiles, rocks can be lethal if delivered with force and in many environments (include urban), ammunition is effectively limitless.  In Antiquity, the armies of Greece, Rome & Carthage all had units of slingers attached to their infantry formations and used continued into the sixteenth century when the first grenades were developed.  There’s a political aspect too, the Palestinian resistance fighters gaining notably more international sympathy when they restricted their weapons to stones and slings rather than guns and bombs.  The sweetened, flavored liquor drink known as the sling was a creation of US English, dating from 1792, the origin mysterious although it may have been from the notion of “throwing back” a drink or linked with the German schlingen (to swallow).  In the nineteenth century, it was used also as a verb in the sense “to drink slings”.  The noun gun-slinger, although now associated with the Hollywood version of the nineteenth century American west, is documented only since 1916 and sling hash was US slang for a waiter or waitress, especially one employed at a lunch counter or cheap restaurant. In Australian slang a sling was a (1) a part of one’s wages paid in physical cash, thereby avoiding taxation and (2) that part of a business’s turnover not entered in the transactional record, again as a form of tax evasion.  It picked up- on the earlier use of sling to mean “to sell, peddle, or distribute something (often drugs, sex etc) illicitly, e.g. drugs, sex, etc.).  A rare variation was undersling (to sell with an implication of illegality) and that presumably was for emphasis, being a blend of “under the table” and “sling”.

Lindsay Lohan in open-toed slingbacks, New York City, April 2006.

Slingback shoes are so-named for the distinctive ankle strap which crosses around the back and sides of the ankle and heel.  In this it’s a style distinct from a conventional arrangement in which a strap completely encircles the ankle.  Produced in a variety of heel heights and in open & closed-toe styles, most slingbacks are made with a low vamp little different from those with enclosed heels.  In a sense, the slingback shoe is related to the many types of sandal but is almost always more formal.  To accommodate different ankle sizes, slingback straps are almost always of adjustable length, typically with a buckle and such is the design that it’s rarely necessary for the wearer to re-buckle after the first fitting.  In that sense, slingbacks are effectively slip-ons.

Two Singapore Slings.

The Singapore sling cocktail said to have been invented in 1915, by a bartender at Raffles Hotel’s (named after Sir Stamford Raffles (1781–1826), a colonial official who under the Raj was a notable figure in the early development of Singapore) Long Bar.  Selling sometimes a thousand a day during the peak season, the current price of a Singapore sling (including taxes) is SGD$46 (US$34) so the Long Bar’s cash flow is usually positive.  The unusual story of its origin is also a tale of one of the Far East’s early contributions to women’s rights because although the European men in the Long Bar coped with the heat & humidity with gin & tonics or whisky & sodas, they didn’t approve of women drinking alcohol in public places so they were served iced teas or fruit juices.  However, although it’s not recorded where it was a product of feminist agitation or local initiative, a bartender created a drink visually indistinguishable from the fruit juices usually served but which was actually a cocktail infused with gin, cherry liqueur & grenadine, the latter chosen for the pinkish-red hue it produced, something said to lend it some “feminine appeal”.  Thus was born the Singapore Sling which, more than a century later remains a symbol of the city-state although there have been many variations over the years including the addition of ingredients such as lime, pineapple juice, Cointreau or Benedictine liqueur.

The Singapore Sling Chicane in its original form (left) and before & after (2012-2013, right).

Conducted on a street circuit the Singapore Grand Prix was added to the Formula One (F1) calendar in 2008 and is notable as the first ever night time Grand Prix, a wise move in the equatorial zone.  Although regarded as one of the more challenging of the street circuits, the city-state had previously staged motor-racing events and they were conducted on an a narrow and treacherous course called the Thomson Road Grand Prix circuit, created overnight from public roads which offered almost no run-off areas and featured monsoon drains, bus stops, and lampposts, all dangerously close to the racing line which itself was marked by the oil trails left by the cars, trucks and buses which usually percolated around.  More than one driver called the circuit the “most dangerous in the world”.  The racing however was good, the original Grand Prix on the course run in 1961 under Formula Libre rules (much more interesting than the current, dull Formula One cars) and the events between 1966-1973 were usually Formula Two (F2) events but by 1973 Singapore had developed to such an extent the organization was just too disruptive and the safety concerns about Thomson Road were not merely theoretical because there had been injuries and deaths.  However, in 2008 the Marina Bay Street Circuit was designed and despite being regarded as “difficult”, it conformed to all modern safety requirements.  Notably, it contained 23 corners, more than any other on the calendar and by far the most famous was turn 10 which attracted such interest it was divided by analysts into 3 smaller turns (10a, 10b, & 10c).  The corner was called the Singapore Sling Chicane.

Lindsay Lohan, 2009 Singapore Grand Prix.

It was well-named because between turns 9 & 10, F1 cars were travelling at around 170 mph (273 km/h) and the Singapore Sling was defined with raised kerbing which, it hit at speed would literally launch a car into the air if the driver varied by less than an inch (25 mm) from the ideal line.  One driver called them “little tortoises that would wreck the car if you get something wrong” and after many complaints from various drivers the height of the kerbing was reduced.  However, that only reduced the danger they posed and crashes continued so in 2010 Turn 10 was modified but there were still airborne adventures and broken cars still littered the chicane at every event.  Physicists even ran the number through one of the super-computers used usually to model the climate or simulate thermo-nuclear weapons and determined that if a F1 machine hit “a tortoise” at racing speed, it was guaranteed to hit the wall.  Accordingly, in 2013 Turn 10 became just a left-handed turn instead of the left / right / left format of the notorious Singapore Sling Chicane.  That in itself was unusual because the Fédération Internationale de l'Automobile (the FIA; the International Automobile Federation which is international sport’s dopiest regulatory body) has for decades adored chicanes to the point of fetishism, such is their desire to make racing as slow and processional as possible.  In recent seasons however, F1 has become so predictably processional, there have been calls to bring back the Singapore Sling Chicane and given nobody has come up with a better suggestion to make the competition interesting, it may be worth considering.  Of course, they could change the rules relating to the cars and the adoption of large capacity hydrogen-burning internal combustion engines would be a good start. 

Saturday, August 8, 2026

Hikikomori

Hikikomori (pronounced hic-hee-kee-koh-moh-ree)

(1) A mode of behaviour in which an individual becomes a recluse from society, typically remaining isolated, sometimes for decades, in a single room at home.

(2) An individual exhibiting this behaviour for a sustained period.

1990s: From the Japanese noun 引きこもり or 引き籠もり (hikikomori), (literally “pulling inward; being confined”), from the verb hikikomoru (引きこもる).  The construct was 引く (hiku) (to pull, to draw back, to withdraw) + 籠る or こもる (komoru) (to shut oneself away; to remain secluded; to stay inside).  So, the literal translation is something like “to withdraw and remain shut in” but, used to mean “one who has withdrawn into seclusion”, the more common verbal shorthand is “shut in” (in the sense of “acute social withdrawal” or something in that vein).  Although once regarded as a uniquely Japanese phenomenon, it’s not now thought culturally specific, that perception a product of the condition and its extent first being widely documented in Japanese publications.  In Japan, the usual clipping is hikki.  Hikikomori is a noun; the noun plural is plural hikikomori or hikikomoris.

The element komoru is not recent; historically it referred not only to people but also generally to the concept of “being shut away or enclosed” or natural features such as a mountain at times when it was encircled by clouds or a land mass visible only at low tide (a tidal island or tombolo (a sand bar or path of dirt that connects this land to the coastline when the tide falls)).  More typically however it was use of individuals opting for whatever reason to “remain indoors” (such as those who, for religious reasons, might retreat to a mountain hermitage, either for a period of contemplation (that might last a lifetime) or to escape a society they had come to view as in some way “unsatisfactory”.  The concept of hikikomori is different in that those “afflicted” are not deemed to be motivated by a religious calling or philosophical position but instead “suffering” a visceral reaction to the condition of society or their life, manifesting as an urge to retreat from the outside world to a “safe” enclosed space.  This aligns with the modern use in psychiatry.

So use of the verb hikikomoru goes back generations but the noun hikikomori came into use only in the 1990s when the psychiatric sense was popularized in the book Shakaiteki Hikikomori: Owaranai Shishunki (Social Withdrawal: Adolescence Without End, 1998) by Japanese psychiatrist Dr Tamaki Saitō san (b 1961).  For reasons both structural and historic, it’s rare for concepts in psychiatry to have origins in Japan so hikikomori enjoys an unusual place in modern nosology (the characteristics or scientific understanding of a specific disease).  Internationally however, hikikomori “caught on” and became part of the standard jargon; that was not because there was any particular interest in categorizing uniquely Japanese phenomena but because clinicians in other places had for some time been aware the behaviour was not uncommon in their countries.  The Western media soon took an interest in hikikomoru because editors knew stories about “disaffected adolescents locking themselves in their bedrooms for years” would be good productive clickbait, readers likely to be attracted by tales of troubled geniuses or depressed emos.

The companion terms are the English language acronym NEET (Not in Employment, Education or Training) and the Japanese オタク (Otaku).  Otaku (best translated as “geek” or “nerd”, reflecting the bias in use towards computers or other tech) emerged from fandom community associated with Macross (a Japanese science fiction mecha anime media franchise), the use derived from お宅 (otaku) (you), from the honorific form (taku) (home), thus the notion of Macross being “your home” (ie one’s natural environment”).  From the Macross obsessives, use extended to “obsessive interest in something” (especially (and often exclusively) Japanese anime or manga).  While originally a derogatory term, fandom communities “reclaimed” otaku as a self-descriptor although it does continue to be applied disparagingly.  In the West, it tends to be neutral, used to refer to anyone with a strong interest (obsessive or not) in anime or manga.  NEET is applied not to all those “unemployed” but only those thought apathetic or who exhibit the characteristics of a hikikomori but in sub-groups, the play on words with the English “neat” (in the sense “excellent, desirable; interesting; cool”) prevails.

Mental Health Daily's choice of an image capturing the hikikomori experience.

The hikikomori came to be known as “the lost generation” and that it was a thing identified in the 1990s and celebrated (in a sense, that can be the right word) in Dr Saitō san’s 1998 book is interesting because it was the 1990s that came to be known as “the lost decade”).  Although there were of course the inevitable fluctuations in the growth curve, over the 40 years between 1949-1989, the trend for the Japanese economy in most indicative measures (GDP (gross domestic product), GNP (gross national product), RPP (relative purchasing power), AMWE (average male weekly earning), corporate profits, exports, trade surplus etc) tended upwards and while, given the country’s paucity of natural resources, that was an achievement in some ways even more remarkable than the Wirtschaftswunder (“economic miracle”) witnessed in the FRG (Bundesrepublik Deutschland (Federal Republic of Germany; the old West Germany, 1949-1990) over the same period, the stellar performance was not without consequences and some of those consequences triggered reactions.  The strength of Japanese economy was by the 1980s producing notable distortions in the world’s production and trading systems and that of course affected currencies, as aspect of the international system distorted still further by this happening at a time when currencies weren’t allowed to “float” to the extent now familiar, governments and central banks (in some places, for this purpose, the distinction between the two institutions not significant) sometimes literally “setting the rate” by fiat.  All this required trips to Tokyo by the US Treasury Secretary to negotiate the devaluation of the US dollar and it was in the 1970s & 1980s the deindustrialization of the US economy really began, later forces such as automation, computing, the CCP (Chinese Communist Party) proving most adept at capitalism and AI (artificial intelligence) being building blocks in what continues to evolve as the “new model”.  US politicians of course responded to this by inducing Japan, the FRG and others running substantial trade surpluses with the US to shift some production to the US and that to some extent reduced the imbalances but, factories and assembly lines in the 1980s not being what they were a generation earlier, US employment levels or incomes certainly weren't restored.

The Japanese economy continued to flourish and the fear in the US was often expressed as “Japan taking over the world”.  That this might be done by the use of Japanese money was a thought bad enough but to add insult to injury, much of the money was in US dollars gained by Americans paying Japanese companies for the sort of stuff once manufactured in their now shuttered factories.  Against that threat, the world’s most potent military (a chunk of which was allocated to the defense of Japan) and an impressive arsenal of thermo-nuclear weapons able to be delivered anywhere on the planet was not a great deal of help.  What was a help was economic reality because by 1989 one part of the Japanese economy had developed into a disproportionately large bubble; at this bubble’s peak, the notional value of Tokyo real estate market was greater than the entire continental US.  Although obviously not something that could have been realized in the “real world” (ie had every piece of real estate in Tokyo been offered for sale at its nominal valuation), the numbers were indicative of one of economic history’s most notable imbalances.  In a kind of national hubris (an exuberance as “irrational” as anything seen since the Dutch “tulip bubble”), the combination of extreme over-confidence by speculators and ultra-loose credit policies by lenders had resulted in land values in Japanese cities (Tokyo the most extreme example) coming to be decoupled from economic reality (and, because of the “extrapolation effect” by which especially the value of commercial floor-space was calculated within markets), ultimately, basic mathematical reality too.

Hikikomore by 1gorman on Deviant Art.

An (extreme) example of a similar disconnection from reality would be Donald Trump (b 1946; POTUS 2017-2021 and since 2025) applying the metrics and methods of valuation (that for decades have served him well) to news cosmologists had used their new “big telescopes” to discover a “perfect Earth-like” planet (one of the so-called exoplanets (any planet located outside of our solar system)) a “mere” hundred light-years distant.  Obviously, this planet (or at least what it was a century ago). with an ideal climate, ample resources, stable geology etc, would contain much desirable real estate so the valuations attached to this unspoiled paradise would’ in other circumstances, be high.  There might be some uncertainly if it couldn’t be determined if the place had inhabitants (on Earth such folk have proved troublesome in land-grabs) but that’s just something speculators have to “factor in”.  The problem however is that however desirable might be the exoplanet’s lands and seas, they’re a “stranded asset” because of the distance from Earth; we cannot contemplate travelling a single light-year, let alone a hundred.

Safely tucked up: Lindsay Lohan in Hikikomori mode.

So distance can be an intrusive reality, “stranding an asset”.  That’s what the math in 1989 did to Japanese real estate values, the extrapolated numbers meaning floor space in office buildings became at once “the most expensive on the planet” and unrealizable as convertible into cash; the asset became stranded in its bubble.  Still, the frothy days of 1989 must trigger a warm glow of nostalgia among the few able to take their profits and “exit” before the crash of 1990.  When the “bubble burst”, the effects were profound because, unlike the Dutch “tulip bubble” now understood to have had relatively little long-term effect on the wider economy of the Netherlands, in Japan, the crash in the real estate market trigged a cascade of consequences affecting the stock market, over-exposed banks and the wider economy.  In retrospect, that it was a bubble seems so obvious but then, in retrospect, much often does: In 1989, the cumulative value of the Japanese property market was four times that of the US (the latter with more than twice the population and 25 times the land mass); metropolitan Tokyo alone was worth more than the entire continental US and the 1.15 km2 grounds of the Imperial Palace were valued at up to US$5.1 trillion (greater than the entire state of California).  So assets can become “stranded” in a number of ways but the concept is much the same: Whatever may appear the “book value”, if this number can never be translated to “real” economic value (not necessarily cash), that asset is stranded.  The Gaza strip is less distant from New York’s Trump Tower than the desirable real estate on an exoplanet a hundred light away but, with a population tiresomely showing no wish to go somewhere else so sea-front resorts can be built, it may as well be as distant.

Four episodes of Welcome to the N.H.K. (note the “Parental Warning” advisor stickers).

Among the most intriguing of the anime projects was Welcome to the N.H.K., based on a series of novellas by Tatsuhiko Takimoto san (b 1978).  Featuring a very anime-friendly cast of characters (with all that implies), as might be expected in a work about hikikomori, the text explored issues such as social isolation, depression, anxiety and existential dread but the novelty was the appearance of the mysterious N.H.K. (Nihon Hikikomori Kyoukai (Japan Hikikomori Association), a Masonic-like institution responsible for the increasing number of recluses “shut up” in their bedrooms.  The hook is the tale is that the N.H.K. is the shadowy creation of NHK (Nippon Hōsō Kyōkai (Japan Broadcasting Corporation)), the national public broadcaster.

What came to be called “Japan's Lost Decade” of the 1990s was marked severe economic stagnation, a “banking crisis” (bad loans left sitting on the books as if there was a prospect of repayment), a stock market collapse and deflation.  Between 1989-1991 the Nikkei 225 prime index would slump from near 39,000 to around 6,600 and in an era when many governments were fretting about apparently “entrenched” inflation, in Tokyo, what was being observed was deflation.  Central bankers at least know how to “fix” inflation (they engineer a recession), but deflation is a fabulous beast that convinces people not to spend because they know the same commodity will next week likely be cheaper; like the inverse process in an inflation-ridden state, deflation “feeds on itself” in a spiralling “feedback loop”.  Solutions proved elusive.  While central banks fighting inflation could continue raising interest rates until the pain of spending became too much for consumers, the concept of “negative interest rates” (ie one has to pay the bank to store one’s money) was of limited utility because savers’ “work arounds” to evade this would likely make the situation worse before it induced them to open the purse-strings.  Pulling the textbook off the shelf, after blowing off the dust, Japanese governments embarked on “fiscal stimulus programmes” that (with borrowed money) sustained banks continuing to loan to anyway insolvent borrowers, this creating both “zombie banks and “zombie companies”; institutions “not alive yet not quite dead”.  If anything is likely to stifle efficient resource reallocation in an economy, it’s having “zombies at scale”.  In a quirk of the uniqueness of the Japanese economy however, although government debt is now somewhere between 210-240% of GDP (the methods of calculation can vary) this is said “not to be a problem” because so much of the debt is in Yen and locally held (a benefit of all that saving induced by living in deflationary times).  Like the US government debt of US$40 trillion odd (120-135% of GDP), it may take some time before it’s confirmed whether or not these numbers are “a problem”.


Why I Became a Hikikomori (Shut-In), SillyPau explains.  Now we know.

All this happened in conjunction with GDP consistently under 1% and an aging population (a demographic trend that had become structural and continues to this day) and while those “salary men” in employment tended to remain so (although suffering “career stagnation”), the young, despite graduates being the most educated in history, faced what was dubbed the shūshoku hyōgaki (employment ice age), the jobs available for most being low paid, unstable and often non-permanent.  For a generation brought up with high expectations and a sense of unlimited possibilities, it was an unpleasant welcome to the new decade that would come to be called “the lost decade” and even that proved optimistic; by early in the twenty-first century the use had been updated to “lost decades” as the sluggishness persisted.  While it had come to be understood things were not going back to what they were in the happy days of 1989 (because what then was “was not real”), the young in particular still longed for something better.

Some continued their longing and some “just gave up”.  It was in the 1990s the “lost decade” produced the “lost generation” that came to be called the hikikomori, withdrawing from a society that seemed to offer little other than a dreary, meaningless existence.  By becoming recluses hardly ever leaving their bedrooms, maybe that was just another form of meaningless dreariness but at least it was on their terms and lent life some sense of “control”, illusory though that may have been.  According to Japanese researchers, the number of hikikomori had by 2024 grown to over a million and the phenomenon has, on a smaller scale, been noticed in other countries.  In Japan, having a million-odd modern-day hermits sitting in their bedrooms refusing to face the outside world remains unlikely to do much to stimulate the economy or the rapidly declining birth-rate.  Indeed, in mid-2026, the Ministry of Internal Affairs and Communications disclosed the population of domestic citizens had for the first time fallen below 120 million, a 0.76% decrease from the previous year; with 670,467 births against 1,593,475 deaths, deaths are outpacing births by more than two to one.

If something is happening in Japan, there will be anime documenting it in every aspect.  Titles include ReLIFE (2016), Recovery of an MMO Junkie (2017) and the ominous sounding Forbidden Deductions (2023).

Some have argued there is an element of technological determinism is all this.  Whether or not one chooses to label it “internet addiction”, there’s no doubt the ecosystem of the web and apps (especially hyper-realistic gaming) had made it possible as never before to lead a kind of fulfilling life without ever leaving one's bedroom.  With accommodating parents (an ample supply found in Japan) and a good internet connection, the bedroom can become one’s universe, a place without the awfulness one know lies beyond one’s four walls.  There is nothing new about those who either cannot cope with or have no wish to deal with the demands of modern society retreating to the margins but, for the first time in history, it has become possible for these recluses to exist in a rich, diverse, entertaining world that is wholly virtualized; relationships and even love affairs able to be conducted with AI (artificial intelligence) bots.  Because of the dynamics of the ways these bots can be constructed, many users (and by, implication, many hikikomori) probably find these relationships more satisfactory than anything experienced with one with a creature of flesh and blood; in many ways, for the tech industry, the COVID-19 pandemic was a “perfect storm”, contributing to some finding social isolation as “normalized”. The Japanese Government acknowledges hikikomori exists and defines it as something affecting people who have stayed at home for at least six months.

Hikikomori is discussed in the APA’s (American Psychiatric Association) DSM (Diagnostic and Statistical Manual of Mental Disorders) but not as a distinct mental disorder. Instead, it’s listed as a behavioral or psychosocial phenomenon that may occur in association with a variety of psychiatric conditions (and even, in some cases, without any diagnosable mental disorder).  In other words, the DSM treats hikikomori as a symptom rather than a pathology.  That would make sense to clinicians (if not all behavioural sociologists) and in DSM-5-TR (2022), hikikomori is mentioned in the section dealing with “Cultural Concepts of Distress”, the characteristics including (1) marked social withdrawal, (2) remaining at home (often confined to one room) for at least six months and (3) an association with significant functional impairment.  So, in the DSM, hikikomori is not classified as a separate diagnosis and clinicians are encouraged to consider whether the withdrawal is better explained by disorders such as: (1) autism spectrum disorder, (2) major depressive disorder, (3) schizophrenia spectrum disorders, (4) social anxiety disorder, (5) avoidant personality disorder or (6) OCD (obsessive-compulsive disorder).  If a patient seems not a good fit for any of those, helpfully, the DSM includes (7) other psychiatric illnesses and presumably, that cohort will be thought diagnostically the most interesting.  It would not be surprising if the profession settles on an acceptance of hikikomori as something transdiagnostic, a behavioral endpoint that can arise from various causes.

The Hikikomori: The Girl Who Couldn't Go Outside (2022) by Mark Vrankovich.

There is much thematic variation in hikikomori literature, ranging from the hopeful to the nihilistic.  There are also redemption tales.  In The Hikikomori: The Girl Who Couldn't Go Outside, Miko Nishimura san is a hikikomori who has become convinced she is the most insignificant person in Japan.  Crippled by anxiety, she never leaves her bedroom, occupying just about every waking moment playing racing games (she’s a most modern girl) on her computer.  However, a crisis ensues when the batteries in her wireless mouse die during a time when her parents are absent.  It’s made clear not many things could induce Miko san to leave the house but not being able to continue her gaming was such a rare  circumstance.  Miko san should of course have had spare batteries to hand (or, better still, used a wired mouse needing no batteries) but what’s done is done and can’t be undone and she knew she was compelled to make the terrifying trip to the shop to buy new batteries. As courageously she ventures forth, what unfolds is a tale intertwining contemporary Japanese culture, ancient magic powers and the finding of love.

Although in the west there’s a long tradition of “the recluse” (from the briefly installed Celestine V (circa 1212-1296; pope Jul-Dec 1294) to the film star Greta Garbo (1905–1990) and the multi-faceted Howard Hughes (1905–1976)) when in 1998 Dr Saitō san published his book, it seemed in the West fashionable to see hikikomori as something culturally specific, an example of one of the tradition-bound syndromes that delight writers who regard “Japanese weirdness” as the last acceptable form of the “orientalism” that was for decades a standard paradigm of academic and popular analysis of stuff east of Suez.  It’s still claimed (though increasingly unconvincingly) there are many of these “Japanese” syndromes relating to fields such as education, employment the family and attitude to psychiatric treatment but the modern view is that in these matters, between Japan and other cultures (certainly in East Asia), there are as many similarities as differences.  It has also become clear hikikomori–like behaviour exists in clinically significant numbers in a number of countries including South Korea, China, Hong Kong, Singapore, Spain, Italy, France, New Zealand, Canada, the US, Australia, the UK, Brazil and India.  Despite that, it is still most associated with Japan because it was there first identified (a la the “Spanish flu” process of 1919) but there’s no doubt the conjunction of the nation’s “lost decades” and the subsequent overlays of (1) the internet, (2) social media, (3) the COVID-19 pandemic and (4) consumer-packaged AI algorithms that made possible “life-like virtual relationships” created economic and social conditions that made the phenomenon both more prevalent and visible.

Monday, April 26, 2021

Float

Float (pronounced floht)

(1) To rest, move or remain on the surface of a liquid (to be buoyant; to be supported by a liquid of greater density, such that part (of the object or substance) remains above the surface) or in the air.

(2) By metaphor, to move lightly and gracefully.

(3) By metaphor, information or items circulating.

(4) Figuratively, to vacillate (often followed by between).

(5) As applied to currencies, to be allowed freely to fluctuate in the foreign-exchange market instead of being exchanged at a fixed or managed rate.

(6) In the administration of interest rates, periodically to change according to money-market conditions.

(7) In the equities markets, the offering of previously privately held stock on public boards; an offering of shares in a company (or units in a trust) to members of the public, normally followed by a listing on a stock exchange.

(8) In the bond markets, an offering.

(9) In theatre, to lay down (a flat), usually by bracing the bottom edge of the frame with the foot and allowing the rest to fall slowly to the floor.

(10) An inflated bag to sustain a person in water; life preserver.

(11) In plumbing, in certain types of tanks, cisterns etc, a device, as a hollow ball, that through its buoyancy automatically regulates the level, supply, or outlet of a liquid.

(12) In nautical jargon, a floating platform attached to a wharf, bank, or the like, and used as a landing; any kind of buoyancy device.

(13) In aeronautics, a hollow, boat-like structure under the wing or fuselage of a seaplane or flying boat, keeping it afloat in water (aircraft so equipped sometimes called “float planes”).

(14) In angling, a piece of cork or other material for supporting a baited line in the water and indicating by its movements when a fish bites.

(15) In zoology, an inflated organ that supports an animal in the water; the gas-filled sac, bag or body of a siphonophore; a pneumatophore.

(16) A vehicle bearing a display, usually an elaborate tableau, in a parade or procession.

(17) In banking, uncollected checks and commercial paper in process of transfer from bank to bank; funds committed to be paid but not yet charged against the account.

(18) In metal-working, a single-cut file (a kind of rasp) of moderate smoothness.

(19) In interior decorating, a flat tool for spreading and smoothing plaster or stucco.

(20) In stonemasonry, a tool for polishing marble.

(21) In weaving and knitting, a length of yarn that extends over several rows or stitches without being interworked.

(22) In commerce, a sum of physical cash used to provide change for the till at the start of a day's business.

(23) In geology and mining, loose fragments of rock, ore, etc that have been moved from one place to another by the action of wind, water etc.

(24) To cause something to be suspended in a liquid of greater density.

(25) To move in a particular direction with the liquid in which one is floating (as in “floating downstream” etc).

(26) In aviation, to remain airborne, without touching down, for an excessive length of time during landing, due to excessive airspeed during the landing flare.

(27) To promote an idea for discussion or consideration.

(28) As expression indicating the viability of an idea (as in “it’ll never float”, conveying the same sense as “it’ll never fly”).

(29) In computer (graphics, word processing etc), to cause an element within a document to “float” above or beside others; on web pages, a visual style in which styled elements float above or beside others.

(30) In UK use, a small (often electric) vehicle used for local deliveries, especially in the term “milk float” (and historically, the now obsolete “coal float”).

(31) In trade, to allow a price to be determined by the markets as opposed to by rule.

(32) In insurance, premiums taken in but not yet paid out.

(33) In computer programming, as floating-point number, a way of representing real numbers (ie numbers with fractions or decimal points) in a binary format

(34) A soft beverage with a scoop of ice-cream floating in it.

(35) In poker, a manoeuvre in which a player calls on the flop or turn with a weak hand, with the intention of bluffing after a subsequent community card.

(36) In knitting, one of the loose ends of yarn on an unfinished work.

(37) In transport, a car carrier or car transporter truck or truck-and-trailer combination; a lowboy trailer.

(38) In bartending, the technique of layering of liquid or ingredients on the top of a drink.

(39) In electrical engineering, as “float voltage”, an external electric potential required to keep a battery fully charged

(40) In zoology, the collective noun for crocodiles (the alternative being “bask”).

(41) In automotive engineering, as “floating axle”, a type of rear axle used mostly in heavy-duty vehicles where the axle shafts are not directly attached to the differential housing or the vehicle chassis but instead supported by bearings housed in the wheel hubs.

Pre 1000: From the Middle English floten, from the Old English flotian (to float), from the Proto-Germanic flutōną (to float), from the primitive Indo-European plewd- & plew- (to float, swim, fly).  It was cognate with the Saterland Frisian flotje (to float), the West Frisian flotsje (to float), the Dutch vlotten (to float), the German flötzen & flößen (to float), the Swedish flotta (to float), the Lithuanian plaukti, the Middle Low German vloten & vlotten (to float, swim), the Middle Dutch vloten, the Old Norse flota, the Icelandic fljóta, the Old English flēotan (to float, swim), the Ancient Greek πλέω (pléō), the Lithuanian plaukti, the Russian пла́вать (plávatʹ) and the Latin plaustrum (wagon, cart).  It was akin to the Old English flēotan & Old Saxon flotōn (root of fleet).  The meaning “to drift about, passively to hover" emerged circa 1300 while the transitive sense of “to lift up, to cause to float (of water etc)” didn’t come into use for another 300-odd years and the notion of “set (something) afloat” was actually originally figurative (originally of financial matters) and noted since 1778.  Float was long apparently restricted to stuff in the water and didn’t come into use to refer to things in the air until the 1630s, this extending to “hover dimly before the eyes” by at least 1775.   In medicine, the term “floating rib” was first used in 1802, so called because the anterior ends are not connected to the rest.  The Proto-Germanic form was flutojanan, from the primitive Indo-European pleu (to flow) which endures in modern use as pluvial.

Etymologists have concluded the noun was effectively a merger in the Middle English of three related Old English nouns: flota (boat, fleet), flote (troop, flock) & flot (body of water, sea), all from the same source as the verb.  The early senses were the now-mostly-obsolete ones of the Old English words: the early twelfth century “state of floating"”, the mid thirteenth century “swimming”, the slightly later “a fleet of ships; a company or troop” & the early fourteenth century “stream or river”.  From circa 1300 it has entered the language of fishermen to describe the attachments used to add buoyancy to fishing lines or nets and some decades later it meant also “raft”.  The meaning “a platform on wheels used for displays in parades etc” dates from 1888 and developed either from the manner they percolated down a street on from the vague resemblance to flat-bottomed boat which had been so described since the 1550s.  The type of fountain drink, topped with a scoop of ice cream was first sold in 1915.

The noun floater (one who or that which floats) dates from 1717 as was the agent noun from the verb.  From 1847 it was used in political slang to describe an independent voter (and in those days with the implication their vote might be “for sale”), something similar to the modern “swinging voter”.  By 1859 it referred to “one who frequently changes place of residence or employment” and after 1890 was part of US law enforcement slang meaning “dead body found in the water”.  The noun flotation dates from 1765, the spelling influenced by the French flotaison.  The adverb afloat was a direct descendent from the Old English aflote.  In idiomatic use, it was the boxer Muhammad Ali (1942–2016) who made famous the phrase “float like a butterfly; sting like a bee” and “whatever floats your boat” conveys the idea that individuals should be free to pursue that which they enjoy without being judged by others.  To “float someone’s boat” is to appeal to them in some way.  Float is a noun & verb, floater is a noun, floated is a verb, floating is a noun, verb & adjective and floaty is a noun & adjective; the noun plural is floats.

Lindsay Lohan floating in the Aegean, June 2022.

In the modern age, currencies began to be floated in the early 1970s after the collapse of the Bretton Woods system (1944) under which most major currencies were fixed in relation to the US dollar (which was fixed to gold at a rate of US$35 per ounce).  That didn’t mean the exchange rates were static but the values were set by governments (in processes called devaluation & revaluation) rather than the spot market and those movements could be dramatic: In September 1949, the UK (Labour) government devalued Sterling 30.5% against the US dollar (US$4.03 to 2.80).  The Bretton Woods system worked well (certainly for developed nations like the US, the UK, Japan, Canada, Australia, New Zealand and much of western Europe) in the particular (and historically unusual) circumstances of the post-war years but by the late 1960s, with the US government's having effectively printed a vast supply of dollars to finance expensive programs like the Vietnam War, the nuclear arms build-up, the “Great Society” and the space programme, and social programs, surplus dollars rapidly built up in foreign central banks and increasingly these were being shipped back to the US to be exchanged for physical gold bars.  In 1971, the Nixon administration (1969-1974) responded to the problem of their dwindling gold reserves by suspending the convertibility, effectively ending the Bretton Woods system and making floating exchange probably inevitable, the trend beginning when Japan floated the Yen in 1973.

A Bloomberg chart tracking the effect of shifting the US dollar from its link with gold to a fiat currency.  Due to this and other factors (notably the oil price), in the 1970s, the bills of the 1960s were paid.

Others however moved more slowly, many adopting the tactic of the Australian government which as late as 1983 was still running what was known as a “managed float”, an arrangement whereby the prime-minister, the treasurer and the head of the treasury periodically would meet and, using a “a basket of currencies”, set the value of the Australian dollar against the greenback and the other currencies (the so-called “cross-rates”).  Now, most major Western nations have floating currencies although there is sometimes some “management” of the “float” by the mechanism of central banks intervening by buying or selling.  The capacity for this approach to be significant is however not as influential as once it was because the numbers in the forex (foreign exchange) markets are huge, dwarfing the trade in commodities bonds or equities; given the volumes, movements of even fractions of a cent can mean overnight profits or losses in the millions.  Because some "floats" are not exactly "free floats" in which the market operates independently, there remains some suspicion that mechanisms such as "currency pegs" (there are a remarkable variety of pegs) and other methods of fine tuning can mean there are those in dark little corners of the forex world who can benefit from these manipulations.  Nobody seem prepared to suggest there's "insider trading" in the conventional sense of the term but there are some traders who appear to be better informed that others.