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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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Wow. This actually is going to happen without a coup?

Random aside: I love listening to the BBC World Service when I drive home from work late at night. It’s easily the BEST news broadcast on the air today. During the recent Pakistani elections, they were the only service I saw or listened to that had correspondents in country leading up to the elections. The coverage was excellent and really offered insight into they whys and wherefores of the Pakistani elections.

12:34 am | leave a comment

Good summary of the situation in Pakistan.

8:54 pm | leave a comment

With the state of work being the way it is (busy, busy, busy) and the holidays being what they are (busy, busy, busy), this is the only comment I’ll make on the items covered in the linked post: This is a big deal, bigger than many Americans will realize. When you look at how the world perceives us as a nation, understand the background here. We brought her back into Pakistan. We pinned hopes of a renewed, democratic Pakistan on her party. People over there are at least vaguely aware of this, and undoubtedly more aware of this than we are over here.

Watch this stuff closely. History may look back at this as an important moment.

5:11 pm | leave a comment

This is not good…

10:49 am | leave a comment