Posts

OMG! Why did the Oxford English Dictionary include OMG?

Image
Because the OED tries to reflect the language as spoken and written. English is as Richard Lederer pointed out 'the most democratic language in history'.  To learn about the process by which words are selected see this interview with the OED editor. Oxford Dictionary of English Concise Oxford English Dictionary: 11th Edition Revised 2008 Shorter Oxford English Dictionary: Sixth Edition

How do children learn language?

Image
Child Language: Acquisition and Development

What is mission creep?

Image
Mission creep is when an original plan or objective is progressively widened by events on the ground. Significantly the phrase has military origin Originating in Somalia in 1993, the modern term “mission creep” became part of official U.S. Army vocabulary a decade late r. Field Manual 3-07, Stability Operations and Support Operations (February 2003) acknowledges two types of mission creep. The first occurs when “the unit receives shifting guidance or a change in mission for which the unit is not properly configured or resourced.” Lewis and Clark  In other words you start with a limited objective but this expands to the point where it is no longer clear. This phrase has also been used to describe non-military matters - financial regulation, for example . The Dictionary of Military Terms

Where does the word 'dude' come from?

Image
The King of the Dudes (1888) dude,  now perhaps most familiar as a slang term with a wide range of uses (including use as an all-purpose interjection for expressing approval:  "Dude!" ) Read more:   The use of 'dude' to describe a male person is becoming increasingly universal amongst young English speakers. Its origins are disputed but certainly date  back a little further than Dude, Where's my Car? (2000).  According to the American Heritage Dictionary: Originally it was applied to fancy-dressed city folk who went out west on vacation. In this usage it first appears in the 1870s.   Dude makes an appearance in and in Mark Twain's  A Connecticut Yankee in King Arthur's Court  (1889) and  pops up in the letters of that unlikely hipster P.G Woodhouse  ('the only English characters the American public would read about were exaggerated dudes ' )   The word maintained its cult status, appearing in two classic rock songs  'All the

What is a Ponzi scheme?

Image
Texas Governor Rick Perry caused some controversy in recent Republican Presidential Debat by referring to the US social security system as a Ponzi scheme. Here's what he was alluding to: A Ponzi or pyramid scheme attracts investors by offering very high and consistent profits. In reality these 'profits' do not exist - early investors are paid with the money contributed by later ones. The original Charles Ponzi (1882 -1949) was not the first to run a pyramid scheme, but the collapse of his Boston-based financial fund in 1921 became an international scandal. All Ponzi schemes are eventually destroyed by the thing that sustains them: confidence. While the scheme is successful there does not appear to be a problem. The infamous Madoff fund prospered for decades until the financial crisis of 2008. It was when investors tried to withdraw their capital that the fraud was revealed. The use of the term Ponzi Scheme is no longer restricted to describing direct financial f

What is 'black swan' theory?

Image
Nassim Taleb's The Black Swan (2007)puts forward the theory that the most important events are usually impossible to predict. The title refers to the fact that all swans were believed to be white - until a black one was discovered. This unpredictability is particularly important in relation to finance. A trader can calculate what he thinks is likely to happen in the market, taking into account known contingencies. What can't be predicted is what Donald Rumsfeld called - 'the unknown unknowns', There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know. Former US Defense Secretary Donald Rumsfeld on February 12, 2002 Taleb puts it like this The events that impact on our lives most are impossible to predict. After they occur we find rationalisations for them but we should accept