Newsweek’s Daniel Gross explains the Consumer Price Index (here’s the official BLS site) in a very simple video. I could do without the goofy sound effects, but it’s a good, 2 minute explanation of how the government tracks inflation.
Per David Simon’s Berkeley talk, though, the video doesn’t go into why this matters. Perhaps they’ll cover that in the next installment of the Economics 101 series.
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The singer of one of Heidi’s favorite songs, It’s Raining Men, died on September 16th. From the article:
Izora Rhodes Armstead, who sang the 1980’s dance club hit “It’s Raining Men” as one half of the Weather Girls, has died. Her age was unknown.
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