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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.

(via @newsweek, Newsweek’s Twitter feed)

2:42 pm | leave a comment
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Glenn Grenwald highlights these four paragraphs from a NYT article covering the release of the new National Intelligence Estimate:

A stark assessment of terrorism trends by American intelligence agencies has found that the American invasion and occupation of Iraq has helped spawn a new generation of Islamic radicalism and that the overall terrorist threat has grown since the Sept. 11 attacks.

The classified National Intelligence Estimate attributes a more direct role to the Iraq war in fueling radicalism than that presented either in recent White House documents or in a report released Wednesday by the House Intelligence Committee, according to several officials in Washington involved in preparing the assessment or who have read the final document.

The intelligence estimate, completed in April, is the first formal appraisal of global terrorism by United States intelligence agencies since the Iraq war began, and represents a consensus view of the 16 disparate spy services inside government. Titled “Trends in Global Terrorism: Implications for the United States,’’ it asserts that Islamic radicalism, rather than being in retreat, has metastasized and spread across the globe.

The report “says that the Iraq war has made the overall terrorism problem worse,” said one American intelligence official.

I agree with Greenwald: This should get turned into a commercial and should be the only commercial run nationally by the DSCC and DCCC.

Hopefully, we’ll see some ads from Ned Lamont about this since Joe Lieberman doesn’t have a problem with how the war is being conducted.

Update: In case you’re not familiar with what NIE’s represent, here is Wikipedia’s entry and an entry from SourceWatch.

5:59 pm | leave a comment

I wish he would get called out on these things by, say, the press. Those damn liberally biased reporters never seem to challenge the liberal Preside… oh, hmm, wait a minute….

10:37 pm | leave a comment