(current-posix-second)
Returns an rational number representing the current second of the Posix epoch, which began on 00:00:00 on 1 January 1970, Coordinated Universal Time but excludes all leap seconds. Implementations SHOULD return a value that:
If the implementation cannot provide the time when current-posix-seconds is called (either temporarily or permanently), it MUST return #f.
Assuming the number of leap seconds between 1972 and 2011 was typical (not necessarily a safe assumption), there is about a 1 in 10-8 probability that a computation of elapsed time made by calling this procedure twice will be off by 1.
See TimeAdvancedCowan.
See TimePeriodsCowan.
See TimeFormattingCowan.