Article
Bank notes and a cheque

Rogue trading?

The dangers of trading derivatives have been well-known ever since they were catapulted into the public eye by the spectacular losses of Nick Leeson and Barings Bank. John Dickson explains what derivatives are, and how they can be both risky, and used to reduce risk.

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PLUS WINS a Webby!

At the Webby Awards - the Oscars for the internet - held last week, Plus magazine was officially named as the best science site on the web.
Article
Tesselating diamonds

From quasicrystals to Kleenex

This pattern with kite-shaped tiles can be extended to cover any area, but however big we make it, the pattern never repeats itself. Alison Boyle investigates aperiodic tilings, which have had unexpected applications in describing new crystal structures.

Article
grey, red and green tesselating squares

On the dissecting table

Bill Casselman writes about the intriguing amateur mathematician Henry Perigal, who took his elegant proof of Pythagoras' Theorem literally to his grave - by having it carved on his tombstone.

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Millennial wobbles

The Millennium Bridge across the Thames opened in June 2000 and was subsequently closed two days later because of the now-famous "wobbles". Given that, at any instant, two thousand people were suspended above a very dangerous river, this presented a serious problem.
Article

Death and statistics

Actuarial science began as the place where two branches of mathematics meet: compound interest and observed mortality statistics. Financial planning for the future is therefore rooted firmly in the past. John Webb takes us through some of the mathematics involved, introducing us to some of the colourful characters who led the way.
Article
Mosaic of a face

Fishy business

'Of the myriad strategems I employ to avoid useful work, the one I most enjoy is to envision how scientists of earlier eras would have made use of modern computers.' John L. Casti tells us how today's mathematicians are using computers to carry on the work of turn-of-the-century polymath d'Arcy Wentworth Thompson, who showed how mathematical functions could be applied to the shape of one organism to continuously transform it into other, physically similar organisms.

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Faster than light

Scientists at the NEC Research Institute in Princeton have carried out an experiment in which a pulse of light appeared to emerge from a cloud of gas before it even entered.
Article
barcode with take a break written above

Take a break

There are many errors that can occur when numbers are written, printed or transferred in any manner. Luckily, there are schemes in place to detect, and in some cases even correct, such errors almost immediately. Emily Dixon takes a break and discovers that codes are not just for sleuths.

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Lensing helps see in the dark

Earlier this year, a group of scientists at Bell Labs announced that they had succeeded in observing the effects of "dark matter" - invisible matter that can be detected only by its gravitational effects.