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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So, I just noticed it is possible that Arizona (or the Dodgers) could make the playoffs, but have the 8th best record in the National League (behind the Mets, Philly, Florida, Cubs, Milwaukee, St. Louis, and Houston). Right now, Arizona has a “one-game” lead over Houston and is tied with Florida, but it seems possible that by the end of the season Arizona could end up ranked 8 out of 16 out of all National League teams and win the West!!
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