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 look at the latest Virgin Group entry into the US air travel market.
The war on privacy | Economist.com
THE demands of security frequently square up against the desire for personal liberty. Most recently, on May 30th, the weighty matter seemed to rest on the scales of the European Court of Justice, Europe’s highest court. At issue was an existing European Union agreement to provide American officials with many personal details of airline passengers who cross the Atlantic. The Americans want the data for the sake of public safety. But some European politicians complain that the demands are so great they might even break strict European privacy laws. In fact, the court objected to the transfer of data on a legal point and did not consider, in this instance, the issue of passengers’ privacy rights.
