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1+2^{-2}-\left(\frac{1}{2}\right)^{-3}-\left(-2008\right)^{0}
Calculate -\frac{3}{7} to the power of 0 and get 1.
1+\frac{1}{4}-\left(\frac{1}{2}\right)^{-3}-\left(-2008\right)^{0}
Calculate 2 to the power of -2 and get \frac{1}{4}.
\frac{5}{4}-\left(\frac{1}{2}\right)^{-3}-\left(-2008\right)^{0}
Add 1 and \frac{1}{4} to get \frac{5}{4}.
\frac{5}{4}-8-\left(-2008\right)^{0}
Calculate \frac{1}{2} to the power of -3 and get 8.
-\frac{27}{4}-\left(-2008\right)^{0}
Subtract 8 from \frac{5}{4} to get -\frac{27}{4}.
-\frac{27}{4}-1
Calculate -2008 to the power of 0 and get 1.
-\frac{31}{4}
Subtract 1 from -\frac{27}{4} to get -\frac{31}{4}.