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 karṣa (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”.

Wednesday, October 21, 2026

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 (often as “floating around” or “floating about”).

(4) Figuratively, to vacillate (often as “floating between’).

(5) As applied to currencies, to be allowed freely to fluctuate in the forex (foreign-exchange) markets instead of trading 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 (now famous as the IPO (initial public offering)).

(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; lifebuoy).

(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 to be 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, helicopter 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 extending over several rows or stitches without being interworked.

(22) In commerce, a sum of physical cash (stored usually in a safe, cash-box or cash-register (till), used to allow cashiers to provide change to customers.  What’s “in the till” at the end of a day’s trading is (minus the float), the day’s revenue.

(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 computing applications (graphics, word processing etc), a visual effect in which an element within a document appears 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 one set by a trader.

(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 originally figurative (of financial matters), documented since 1778.  In the literal sense, float seems long mostly to have been restricted to stuff in the water and didn’t generally come 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 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 or from the vague resemblance to flat-bottomed boats  & barges (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 the verb's agent noun.

The last of the Imperial “land yachts”: 1975 Imperial Le Baron Four-Door Hardtop.  The best way to describe the driving experience was to imagine a yacht in a calm sea, proceeding effortless along in a good breeze, the sense being of “floating” atop the road.

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.  The word often is used figuratively, the "land yachts" of the 1960s & 1970s (the huge Cadillacs, Lincolns, Imperials and such) were said to "float along the freeways" with their occupants isolated in an well-upholstered, air-conditioned ecosystem; there's since been nothing quite like them.  To “float someone’s boat” is to appeal to them in some way, the variant “whatever floats your boat” used to indicate a “live and let live” tolerance of the proclivities of others.  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.

Pie floaters: Despite a name suggesting specificity, pie floaters may be served with pie “floating” atop soup (left) or “submerged” beneath (right).

In the barbarian nation of Australia, a “pie floater” is a traditional beef meat pie (made allegedly with a flaky pastry crust and rich gravy but experiences may vary, especially in gas (petrol) stations (“servos” in the local vernacular)) served in a thick, bright green pea soup.  The original tradition appears to have been to place pie upside-down with soup poured over but, in the more than hundred years since, there have been variations on the theme, most obviously those served with pie atop soup, leaving much of the shell visible.  Optional additions include mashed potato, S&P (salt & pepper), Worcestershire sauce, a splash of malt vinegar and, of course, that standard Australian additive, tomato sauce (ketchup).  The credit for the floater’s creation is granted to the South Australian capital Adelaide (historically unusual in not being first settled by convicts) and there is evidence examples were on sale as early as the 1890s; by at least 1903 it was a standard menu item in the city’s “pie carts” and in 2003, the state government listed the pie floater as a “South Australian Heritage Icon”.  Some have suggested the appeal of the dish may lie deep in the human collective subconscious, evoking the “primordial soup” in which life on planet Earth either began or first flourished but not too much should be made of that.

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 set in value against the US dollar (fixed to gold at a rate of US$35 per ounce, a number still with roots in the days of Sir Isaac Newton (1642–1727)).  That didn’t mean exchange rates were static because 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 Party government of Clement Attlee (1883–1967; UK prime minister 1945-1951) devalued Sterling 30.5% against the US dollar (US$4.03 to 2.80), a shift long overdue.  Why the UK government in the post-war years made the same mistake (over-valuing Sterling against the US$) as it did in 1925 when it re-adopted the gold standard has proved a rich vein mined by economists and political scientists.

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 having effectively printed a vast supply of dollars to finance expensive programs like the Vietnam War, an expanded nuclear arsenal, Lyndon Johnson's (LBJ, 1908–1973; VPOTUS 1961-1963 and POTUS 1963-1969) “Great Society” and the space programme, rapidly, surplus dollars had built up in the holdings of foreign central banks and increasingly these were being shipped back to the US to be exchanged for physical gold bars, central bankers as well-schooled as any in the implications of "supply & demand".  In 1971, Richard Nixon's (1913-1994; VPOTUS 1953-1961 and POTUS 1969-1974) administration responded to the problem of dwindling gold reserves by suspending convertibility, effectively ending the Bretton Woods system and making the shift to floating exchange rates probably inevitable, the trend beginning when in 1973 Japan floated the Yen.  What Nixon did was formalize the US dollar as a "fiat currency", the money issued by the US Treasury acknowledged to have no intrinsic value (unlike a coin minted from a precious or semi-precious metal) with the "perceived value" based on people's faith in the government decree of the state declaring the paper notes (and their various non-physical expressions) as legal tender for all debts and taxes.

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”, a mechanism in which the prime minister, treasurer and head of the treasury periodically would meet and, using a “a basket of currencies”, set the value of the Australian dollar against the greenback (US$) 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 device of central bank intervention (buying to raise; selling to lower).  The capacity for this approach to be significant is however not as influential as once it was because the numbers in the forex 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 suspicion mechanisms such as "currency pegs" (there are a remarkable variety of pegs) and other methods of "fine tuning" can mean there are those in murky little corners of the forex world who benefit from these manipulations.  Nobody seem prepared to suggest there's "insider trading" in the conventional sense of the term but there are dark mutterings of some traders appearing better informed than others. 

Sunday, August 4, 2024

Parmesan

Parmesan (pronounced pahr-muh-zahn, pahr-muh-zan, pahr-muh-zuhn; pahr-muh-zahn, or pahr-muh-zan).

(1) Of or from Parma, in northern Italy.

(2) A hard, dry variety of Italian cheese made from skim milk, often grated and sprinkled over pasta dishes and soups.  It’s known also as Parmesan cheese and it appears with and without the initial capital.

(3) By extension, a similar cheese produced in places other than Parma.

(4) In slang, money in the sense of physical cash.

1510–1520: From the Middle French parmesan, from the Italian parmigiano (of Parma; pertaining to Parma), from an earlier Vulgar Latin parmēsānus, a restructuring of the Classical Latin parmēnsis (from Parma).  Parma is a province of Italy’s Emilia-Romagna region, the locality name thought to be of Etruscan origin.  In the Romance languages the related forms include the Italian parmigiano, the Catalan parmesà, the Portuguese parmesão, the Sicilian parmisanu and the Spanish parmesano.  Parmesan is a noun and parmesany & parmeasnlike (also as parmesan-like) is an adjective; the noun plural is parmesans.  An initial capital is always used with the proper noun (except sometimes in advertizing).

The real parmesan: Parmigiano Reggiano, cut from a wheel.

Within the European Union (EU), the cheese called Parmigiano Reggiano has been granted legal protection (a la hermitage, champagne, cognac etc) as a protected designation of origin (PDO) although around the world, “parmesan” is widely used as a generic term for similar cheeses.  The PDO cheese Parmigiano Reggiano, made only from cow’s milk and salt, is produced in “wheels” which take at least two years to mature, each wheel sealed with a unique identity tag recording the dairy farm and the month in which it was laid down to “cure”.  It may be apocryphal but industry folklore is that when food critics and chefs were asked in a survey which they would choose if ordered to live in a world with only one cheese, most answered: Parmigiano Reggiano.  Eating cheese can be part of a healthy diet, but it depends on the type and amount consumed.   Cheese is a good source of protein, is rich in calcium and contains vitamins such as B12 and A but it tends also to be high in saturated fat, is calorie-dense and usually has a high sodium (salt) content.  One noted advantage of parmesan is it’s naturally low in lactose, making it easier to digest for people with lactose intolerance.

Wheels of parmesan and other wheels

Italian artistic gymnast Signorina Giorgia Villa with wheels of cheese, Parmigiano Reggiano promotional photo-shoot, 2022.

Many consumers buy their parmesan in pre-grated packs or in a powered form so may not have been aware it is, in its original form, a wheel.  That was until the publication of a set of photographs of Signorina Giorgia Villa (b 2003), an Italian artistic gymnast and member of her country’s team at the 2024 Paris Olympics.  Signorina Villa is a brand ambassador for Parmigiano Reggiano and the images from her 2022 photo-shoot featured her posing with the now famous wheels, the promotion’s original caption being: “Always together with my best friend @parmigianoreggiano, ready to start again and face new challenges!”

Wheels of cheese in cheese storehouse.

Wheels of cheese can weigh more than 40 kg (90 lb) and during the maturation process they are stored in warehouses, usually on shelves.  In August 2023, Giacomo Chiapparini, (1949-2023) from Romano di Lombardia, was killed when a shelf broke in his cheese store, the falling wheels of cheese crushing him.  According to the police report, the event was triggered by a SPF (single point of failure) in a high shelf, the weight of the dislodged wheels creating a “domino effect”, bringing down thousands of wheels on the unfortunate victim.  A spokesman for the Lombardy Fire Department which attended the scene reported emergency staff “had to move the wheels of cheese and the shelves by hand”, adding it “took about twelve hours” to find the deceased.  The wheels were of grana padano, a hard cheese that resembles parmesan, some 25,000 of which were in storage and Signor Chiapparini had been checking on the ripening wheels, the highest of which sat on metal shelves 10 metres (33 feet) tall.

Wheels on storage racks; as can be imagined, “brushing & turning” is a task needing specialized equipment and adherence to safety protocols.

The numbers are uncertain because not all are registered but estimates put the value of the Parmesan stored in Italy’s cheese vaults between US$700-800 million and, since the 1950s, the stored product has been used as collateral against bank loans; as a financial instrument, stored Parmesan uniquely is suited to fund the unique cash-flow needs of Italian dairy farmers because it’s all in the timing.  Most of a farmer’s costs in producing a wheel of cheese have to be spent up to the point of storage but, by law, Parmesan must age for a minimum of twelve months before it can reach the market, thus creating a “revenue gap” farmers fund with loans, the stored wheels of cheese held as the the bank’s collateral.  Structurally, the arrangement can be handled either by the wheels being transported to secure, climate-controlled warehouses owned and operated by the banks (contractors engaged to perform the regular “brushing & turning”) or remaining in the care of the producer, blockchain technology now used to “pledge the wheels”.  Either way, in unison, as the physical cheese matures, so does the loan.  It’s thus analogous with a lender holding title deeds to land while a mortgage is repaid but, when a bank is in possession of physical cheese, that’s obviously rather different to holding a piece of paper.  Outsourcing the care of the cheese for the critical twelve months also has the advantage of reducing the cost because the banks co-own vast facilities, meaning the unit cost of “brushing & turning” is lowered.  For decades, the system has worked well but climate change is now affecting the industry, heatwaves and increasing energy costs in Europe changing the economics of maintaining the artificial environment within the parameters (temperature 18o Celsius (64.4o Fahrenheit) & humidity 82%) required to prevent spoilage.  Also affected are the cows; in hotter weather, they expend more energy to cool their bodies, reducing both the quality & quantity of the milk.

The wheel of cheese and art: La persistència de la memòria.

La persistència de la memòria (The Persistence of Memory) is Salvador Dalí’s (1904-1989) most reproduced and best-known painting.   Completed in 1931 and first exhibited in 1932, since 1934 it’s hung in New York’s MoMA (Museum of Modern Art) and in popular culture, the work is often referred to as the more evocative “Melting Clocks”.  Despite the gushing of some critics, surrealism's intellectual undercoating was patchy, some of the latter output being openly imitative but with Dalí, critics seemed often ready to find something.  His "theory of softness and hardness" has been called "central to his artistic thinking" at the time The Persistence of Memory was painted and some suggested the flaccidity of the watches is an allusion to Albert Einstein's (1879-1955) theory of special relativity (1905), a surreal pondering of the implications of relativity on our once-fixed notions of time and space.  Dalí was earthier, claiming the flaccidity of the clocks was inspired not by Einstein but by imagining a wheel of camembert cheese melting in the Catalan sun, although in Conquest of the Irrational (1935) he did write:  Conquest of the Irrational (1935): “The famous soft watches are nothing else than the tender, extravagant, solitary paranoiac-critical camembert of time and space.”

Lindsay Lohan in Miami, Florida, clothes by Amiparism (AMI), Interview magazine photo-shoot, December 2022.  

The car is a Jaguar XJS convertible with the factory-fitted BBS basketweave (or lattice) wheels.  The BBS wheels appealed on the XJS (1975-1996 and originally XJ-S) when the last version was released in 1991, sometime after the company had been absorbed by the Ford Motor Company (FoMoCo).  There were a number of detail changes for the final run, the most notable being the enlargement in 1992 of the V12 engine from 5.3 litres (326 cubic inches) to 6.0 (366), coupled with the latest (four-speed) version of the General Motors (GM) Turbo-Hydramatic 400 which, (as a three-speed), dated from 1963.  No XJ-S with a manual transmission was built after 1976 and the 352 produced existed only because Jaguar had some 400 in their warehouse which had been intended for the Series 3 E-Types (XKE, 1971-1974).

Remarkably for a brand which has a reputation for quality and expertise in design as well as an enviable record in top-line competition, Germany’s BBS Autotechnik GmbH in July 2024 declared insolvency, the second time this has been done in the last year and the fifth time since 2007.  To borrow a phrase, one bankruptcy is unfortunate; five in the last 17 years suggests carelessness.  Analysts have suggested a number of factors have contributed to the troubled corporate history and some did note the recent practice of BBS being passed between private equity firms shouldn’t be ignored (apparently private equity firms have techniques which make bankruptcies profitable) but there were also questionable marketing practices.  What has long puzzled the supply chain is that despite BBS having one of the industry’s most desirable back-catalogues with many older designs enjoying a resurgence of popularity, that market is being supplied by other manufacturers blatantly copying the BBS originals which the company has made no attempt to re-introduce.  There was also the curious matter of “BBS Unlimited”, one of engineering’s weirdest niches: a design of a single wheel which can be fitted to a variety of cars, all wheels shipped with a 5×117.5 mm bolt pattern (used by nothing on planet Earth), necessitating the fitting of a special BBS adapter.  Rarely has a non-existent problem so assiduously been fixed.  The BBS name has such a cachet that analysts expect the German operation to survive in some form (BBS in the US & Japan unaffected by what’s happening in Europe) and the suspicion is the current problems are likely linked to the rising interest rates which have seen a number of leveraged buy-outs by private equity firms flounder: in the same week BBS’s predicament was announced, the seat maker Recaro also entered bankruptcy.

Philip Ruddock Water Playground, Dundas Park, Dundas Valley, NSW, Australia.  Politicians are remembered for many things.

Ever since a former Australian minister for immigration (the Liberal Party’s Philip Ruddock (b 1943; Minister for Immigration and Multicultural and Indigenous Affairs 1996-2003) asserted that the country's indigenous peoples “didn’t invent the wheel”, it’s been repeated as a racist trope in far-right (a misleading term but the one in popular use) gatherings and their social medial channels, often with the claim indigenous Australians were the only culture on Earth not to invent (or discover) what is humanity’s simplest machine and the one which underpinned or made possible progress in a number of fields.  However, a number of cultures did not independently develop the wheel including several in Sub-Saharan Africa, a number of the Pacific Islands and those living in the pre-Columbian Americas (although in the latter wheels were used in toys, just not for transportation or tasks such as lifting).  Anthropologists suggest that cultures which didn’t develop the wheel usually had no need for such a device, lacked the large domesticated animals needed to pull wheeled vehicles or lived in an environment which made the use of wheeled carts or trolleys impractical (dense forests, mountainous terrain etc).

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.