I’m reading Franklin Foer’s How Soccer Explains the World right now which is actually a pretty good read. Sports often offer a telling insight into a culture, and Foer is a great storyteller. Coincidently, the ESPN E-Ticket this week is about women’s basketball in Russia where Sue Bird and Diana Taurasi are playing in the winters between WNBA seasons. They are getting paid 5-10 times what they make in the WNBA, have a free house, drivers, cooks, the whole nine yards. While both are born in the States, they play under an Israeli and Italian passport respectively, since Russian clubs have to have a minimum of Russian and European players. It’s a fascinating article.
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sujal
11/24/2008
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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