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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A new research paper finds that it would only take 165 SMS messages per second in one cell to disrupt voice communication in that cell. Bruce Schneier and Prof. Ed Felten have good summaries.
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