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 number of people in college thought I might be Hispanic, so her experiences don’t surprise me that much. I totally understand being taken aback by that mistake though, since I usually feel like my Indianness is almost too obvious.
For what it’s worth, my sister is in Lima and she felt the quake. She’s fine though and we were able to talk via Skype. Times like these, you wish all computers came with cameras. While she could see us and the fact that we were safe at home, it would’ve been nice to see her.
They just had an aftershock (literally 2 minutes ago, while we were on Skype), so I suspect they’re going to have a fun evening down there. I’m more worried about the tsunami warnings, but at least her current place isn’t on the beach.
My sister is a scholar in this program. Looks interesting. Be safe, Sural!
