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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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It’s a pretty amazing thing if a simple checklist can save so many lives in ICU. The conversation about whether this is a market failure or not is also interesting.

1:18 pm | leave a comment

A very interesting study done by Media Matters that shows the tilt of the Sunday morning pundit shows. You may not watch them, but the reporters you do read and watch probably do. This is how “conventional wisdom” gets created. One note: I haven’t read the full report, but the tilt in general wasn’t as bad to me in the aggregate. Some of the specific discrepancies were egregious, but the graphs that Drum and others had up didn’t strike me as terrible until the Bush admin started. Considering they’re in power, well, they’d be on the show more, right? The interesting numbers come when the government folks are taken out. Pundits, the color commentators of the Sunday shows, tilted heavily to the right. Again, this is all from preliminary reports. I’ll be reading the full report soon.

10:57 am | leave a comment