In this editorial by Richard Smith (13 July, pp 54-5), we managed to mangle a currency conversion. In the second sentence of the third paragraph, $119bn is £76bn (exchange rate at time of writing this correction), not £158bn, which is patently wrong, even with the recent shifting exchange rates. We should also have followed our policy, in place since 1 January 2002, of including a conversion to euros (which would be €121bn).
