Related topics: recession
Calendar year
hideGenerally speaking, a calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day. By convention, a calendar year consists of a natural number of days. To reconcile the calendar year with an astronomical cycle (which could not possibly be reckoned in a whole number of days), certain years contain extra days. Through further insertion of non-day units of time, the calendar year can be further synchronized; however, these extra units of time are not considered part of the calendar.
The Gregorian year begins on January 1 and ends on December 31 with a length of 365 days in an ordinary year and 366 days in a leap year giving an average length of 365.2425 days. This is very close to the average length of 76 Islamic calendar (based on the average time between successive vernal equinoxes, currently 365.2424 days and increasing marginally). Other formula-based calendars can have lengths which are further out of step with the solar cycle, for example, the Julian calendar had an average length of 365.25 days, and the Hebrew calendar has an average length of 365.2468 days.
The astronomer's mean tropical year which is averaged over equinoxes and solstices is currently 365.24219 days, slightly shorter than the average length of the year in most calendars, but astronomer's value changes over time, so William Herschel's suggested correction to the Gregorian calendar may become unnecessary by the year 4000.
For more information about Calendar year, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with fourth quarter
Asia Pacific PC sales down five pct in first quarter: report
Apr 20, 2009 |
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Sales of personal computers in the Asia Pacific region excluding Japan fell five percent in the first quarter from the previous year as a global economic slump hurt demand, a report said Monday.
Semiconductor revenue down 5 pct in 2008
Apr 08, 2009 |
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Worldwide semiconductor revenue fell by more than five percent last year and could face a "far worse" decline this year, market research firm Gartner Inc. reported on Wednesday.
Research in Motion posts higher 4Q profit, sales
Apr 03, 2009 |
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(AP) -- Shares of BlackBerry maker Research in Motion Ltd. soared more than 20 percent in after-hours trading Thursday after the company said its profit jumped in its fiscal fourth quarter, surpassing analysts' expectations. ...
Global crisis hits smartphone sales
Mar 12, 2009 |
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Worldwide sales of hi-tech "smartphones" grew at their slowest pace yet in the fourth quarter of 2008 as the financial crisis hit demand, a research firm said Thursday.
Mobile phone sales up six pct in 2008, 4th qtr weak
Mar 03, 2009 |
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Mobile phone sales grew by six percent in 2008 over the previous year but fell nearly five percent in the fourth quarter as the global economy weakened, market research firm Gartner said on Tuesday.
A year after Microsoft buyout offer made, Yahoo struggles to define itself
Feb 02, 2009 |
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Soon after he was named chief executive of Yahoo, Jerry Yang turned to Steve Jobs for advice.


