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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Wow, so what does this mean for all the sports deals, the competing public radio networks, etc? And prices? Hmmm.
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July 26th, 2008 at 11:21 am
The part I found astounding was that NAB and local, land-based broadcasters/associations were protesting this. They understand this is no different than private clubs, right? You have to PAY to get these services. These are not offered for free. Neither company was making money. They weren’t close! The closest XM came was ONLY losing 13 million in a quarter, and Sirius was worse.
I was watching a commentary show on PBS (I don’t remember which one), and they were saying of the 50 major markets in America, only five cities have more than 4 major companies that own the top 10 radio stations in those markets. Let’s use this area for example: in the NY area, there are only 4 companies that own the largest and most listened to 10 stations in the region. Yet, the NAB and other lobbying agents are NOWHERE to be found on this issue.
(Author’s note: I believe the FCC has largely become a puppet agency. I find it regularly doesn’t live up to its mandate, fails to do what is truly in the public interest by being subservient to the companies it supposedly regulates, and has allowed politics to regularly interfere with its decision making process. I’m not naive enough to believe it is an agency that is autonomous of politics, but frankly, I find myself regularly disappointed by the decisions it makes or doesn’t.)