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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I didn’t get a chance to post this before, but it’s a pretty significant story, I think. Fanzter’s Facebook app, OneThing, leverages EC2 and S3. You can hit the link below or check out TechCrunch’s take.
Interesting question. Curious what the comments will be like…
