building on Flickr.
Forget Google Glass, Android Wear, Smartwatches or contact lenses that give you night vision. Instead let’s talk about the awesomeness that is this 17th century Chinese abacus ring. It’s wearable tech from the Qing Dynasty, perhaps the world’s oldest smart ring.
Measuring a mere 1.2 centimeter-long by 0.7 centimeter-wide, the miniature abacus is a fully functional counting tool, but it’s so tiny that using it requires an equally dainty tool, such as a pin, to manipulate the beads, which are each less than one millimeter long."However, this is no problem for this abacus’s primary user—the ancient Chinese lady, for she only needs to pick one from her many hairpins."
oh my god ancient chinese ladies knew where it was at
17th Century wearable tech: an abacus ring!
Last week’s National Balance Sheet Accounts indicate that the amount of cash held by private non-financial corporations in Canada soared from $591 billion in the third quarter of 2013 to $626 billion in the fourth quarter of 2013. Corporate Canada’s accumulated stock of cash now exceeds the federal government’s accumulated deficit, which was $612 billion at the end of 2013.
Corporate Canada’s cash stash had been on track to exceed $600 billion at the start of 2013, but Statistics Canada narrowed its definition of “total currency and deposits.” Even under the new definition, this hoard of dead money surpassed the $600-billion mark by the end of 2013.
The corporate sector’s aggressive accumulation of cash helps to explain the lack of investment and employment growth. It also strengthens the case for reversing corporate tax cuts to fund needed investments in public services and infrastructure. If corporate Canada will not invest its dead money, the government should resuscitate some of it.