I still remember when I encountered this and nobody else in the office knew about it either. We speculated about broken CPUs and compilers until somebody found a newsgroup post that explained everything. Makes me wonder why we haven't switched to a better floating point model in the last decades. It will probably be slower but a lot of problems could be avoided.
There is no "better floating point model" because floating point will always be floating point. Fixed point always has been and always will be an option if you don't like the exponential notation.
Not really. It would be really cool if fixed point number storage were an option... but I'm not aware of any popular language that provides it as a built-in primitive along with int and float, just as easy to use and choose as floats themselves.
Yes probably every language has libraries somewhere that let you do it where you have to learn a lot of function call names.
But it would be pretty cool to have a language with it built-in, e.g. for base-10 seven digits followed by two decimals:
fixed(7,2) i;
i = 395.25;
i += 0.01;
And obviously supporting any desired base between 2 and 16. Someone please let me know if there is such primitive-level support in any mainstream language!