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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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A bribery allegation given under oath implicating the longest serving Republican Senator? Page A10. Some random dude who gave some money to Hilary Clinton? Page A1. Conclusion: Ted Stevens is less relevant than I thought. Or, the Republicans have some weird hold over the media.

12:32 pm | leave a comment

Sen Ted Stevens (R-AK) had his home raided. TPM Muckracker is tracking the story, and the video above will give you an overview of the brewing scandal that’s about a month old.

10:36 pm | leave a comment

I almost feel bad for him, except he’s truly one of the spoiled brats of the Senate:

The word is spreading: The Internet is not a big truck. It’s “a series of tubes.”

Two weeks ago Senator Ted Stevens, a Republican from Alaska, shared this information at a Senate committee hearing to explain why he voted against an amendment aimed at ensuring that traffic on the Internet be delivered equally, an idea known as “net neutrality.”

12:56 pm | leave a comment