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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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I hadn’t realized just how bad the pollution was in Beijing. Having been there once, it was fairly unremarkable to me (L.A. but slightly worse), but I remember my sister saying that we got lucky because it rained every morning we were there and that cleans up the air and the city.

4:46 pm | leave a comment

Goose, gander? Pot, Kettle? Ah, the metaphors abound…

the only thing to add is that it’s sad, truly disappointing that we cannot distinguish ourselves from the actions of a Communist oligarchy that tortures in their prisons and spies on it’s own citizens and tourists.

9:25 am | leave a comment

Pretty funny little event. With ESPN picking up NASCAR next year, I’ve started working on my NASCAR education today.

2:06 am | leave a comment

For professional athletes, success is measurable and definite. When you or I ask whether we’re successful, we have to first define what makes us successful. Athletes know. Not only do they know, their goals are definite, clearly marked, and measurable by all of us. For Michelle Kwan and other Olympians, that goal is Olympic gold. Sadly, she’s probably never going to reach it.

Kwan will have to learn to live without achieving her life’s goal, something she has worked hard her whole life for. I can’t really imagine what that feels like. Most of us get to look back and realize a dream has ended. Athletes get to see it happen, see the scores, and then talk about it with the world.

11:00 am | 6 comments