One of the less reported stories is finally getting some more press. The privatization of things that used to be done by the Army hasn’t necessarily worked out so well. The shoddy workmanship and the deaths described in these articles are the result of setting up a contracting office that has no teeth to actually enforce regulations because of political interference from the administration. One more way this administration has failed to support the troops.
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sujal
11/24/2008
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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