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Petrochemical –

n. – [petro(leum) + chemical] a chemical derived ultimately from petroleum or natural gas, as ethylene glycol, the paraffin and aromatic hydrocarbons, etc.

– petrochemisty

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Petrolatum –

n. – a greasy, jellylike substance consisting of a mixture of semisolid hydrocarbons obtained from petroleum: it is used as a base for ointments, in leather dressing, etc.

Petroleum –

n. – an oily, flammable liquid solution of hydrocarbons, yellowish-green to black in color, occurring naturally in the rock strata of certain geological formations:  when fractionally distilled, it yields paraffin, fuel oil, kerosine, naptha, gasoline, benzine, etc. (kerosene and benzene? or benzine?, my note)

(from )

Webster’s New World Dictionary, Second College Edition, 1970

pp. 1065

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Also found here – on pp. 687

Hydrocarbon –

n. – any compound containing only hydrogen and carbon:  benzene and methane are hydrocarbons

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Benzine –

n. – [benz(oic) + ine, originally applied to BENZENE]

a mixture of hydrocarbons, a colorless, flammable liquid, obtained in the fractional distillation of petroleum and used as a motor fuel and as a solvent for fats and oils in dry cleaning, etc. : in chemistry, called ligroin

Benzene –

n. – [benz(oic) + -ene]

a clear, inflammable, poisonous, aromatic liquid, C6H6 – obtained by scrubbing coal gas with oil and by the fractional distillation of coal tar:  it is used as a solvent for fats and in making lacquers, varnishes, many dyes, and other organic compounds.

Methane –

n. – [meth(yl) + -ane]

a colorless, odorless, flammable gaseous hydrocarbon, CH4

present in natural gas and formed by the decomposition of vegetable matter, as in marshes and mines, or produced artificially by heating carbon monoxide and hydrogen over a nickel catalyst:

it is used as a fuel, a source of carbon black, etc.

***

(Also here – )

Louisiana –

[Fr. La Louisianne, name for the Mississippi valley, after Louis XIV]

Southern State of the U.S., on the Gulf of Mexico:  admitted 1812;  48,523 square miles;

pop. 3,257,000 (slightly more now, my note);  capital – Baton Rouge;  abbrev.  LA., La.

Louisianian, Louisianan

Louisiana Purchase –

land bought by the U.S. from France in 1803 for $15,000,000

it extended from the Mississippi to the Rocky Mountains & from the Gulf of Mexico to Canada

(from signity – Louis)

8.  Louis XIV

of France (1638 – 1715); King of France (1643 – 1715):

his reign encompassed a period of flourishing Fr. Culture:

son of prec. – Louis XIII

(1601 – 43); king of France (1610 – 43):  son of Henry IV

– also from the Webster’s New World Dictionary, 2nd College Ed., 1970

*****

My Note –

and on the way by –

from the Encyclopedia Britannica, 1978; vol. 9, pp. 366

Entry – Indian Subcontinent, History of the

Slave status was honourable for talented individuals whose origins were outside the ruling group. It has been observed that a slave was a better investment than a son, whose claim was not based upon proved efficiency. Yet, slaves with high qualifications could get out of control, and often slaves or former slaves controlled their masters as much as they were controlled by them.

The beneficial results for the sultanate of this type of political interaction were that some men of talent had room to rise within the system and thus were less tempted to tear it down and the responsibilities of government tended to rest in the hands of capable men, whether or not they were the actual rulers. (from above that passage – )  . . . the institution of slavery provided a nucleus of well-trained and loyal military followers for important political figures; indeed one of the principal objects of this form of slavery was to train specialists in warfare and government, . . . whose first loyalty would be to their masters.

Ha – found it.

Hmmmm……

my note, cd

***

from pp. 264 – 265 in the same volume – Encyclopedia Britannica, 1978

Entry – Income and Employment Theory

The foregoing discussion has made two accounting statements involving income.

First, income generated (Y) equals the value of consumption goods output (C*) plus the value of investment goods output (I):  Y  =  C*  +  I

(except that the C figure does not use an asterisk but rather a character and the equals sign should be three lines, not two, my note)

Second, the consumption goods expenditures (C#*) plus savings (S) equal income disposal:  Y  =   C#*  +  S.

(also with three line equal sign)

Both equalities hold simply because of the way that the variables are defined in the national income accounts. They hold true, moreover, whatever the actual level of income happens to be.

Such equalities, which are true simply by definition, are called identities (and are marked as such by using the sign  =   [with three lines instead of the two as shown here, my note] instead of the usual equality sign.)

Another accounting convention may be noted here.

Investment (I) is defined to include any discrepancy between consumer goods produced and consumer goods sold.

(etc.)

{a good passage to read in its entirety some time, very enlightening – my note,} – }cricketdiane{

In some ways, what we have now – has just been a different form of slavery.

from pp. 262

“The theory of income and employment has as its central concern the problems of economic instability, flutuations in output, employment and prices.”

Entry – Income and Employment Theory

My Note –

The value capacity comparison unit that has been the standard for all this time – since about the 1940s  – has been not the dollar – but petroleum.

Then the comparative values start to make sense whether it is in the price of a housing unit, a loaf of bread, a business start-up capital range or anything of an asundry other variety of components in our economy.

There was a time in which it was discussed that the value of the dollar and every other currency would be pegged to the barrel or drum of oil, but it was discarded for the complexity of installing it across all the systems of every revenue stream and tabulation in the world. It was nonetheless the value peg that was in use both at the time and before that time, and now.

Consumption and wages are something else again. And, in this system that we have been using – they resemble more of the dynamics of intentional slavery of a slightly different form that a realistic and proportional relationship to the other components of the economic features and values.

– cricketdiane

***

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http://cam.switch.ch/

ne for a walk while it is still light outside – back in awhile – cd

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