In the latest demonstration of the absurdity of defamation laws, radio show host Alex Jones has been ordered to pay $965 million to people who didn’t like things Jones said about the 2012 Sandy Hook massacre in Newtown, Connecticut.
It is not possible to establish the conditions of the economy by just inspecting the data as a whole, according to many economists. What is required, instead, is to break the data into its key components, which supposedly will enable economists to identify the true state of the economy.
According to popular thinking, data that is observed over time—labelled as time series—is driven by four components, these are:
The US Bureau of Labor Statistics released new Producer Price Index (PPI) data today, and it’s more bad news for both business owners and consumers.
The PPI is a measure of prices at the production phase of goods and services, and is often an indicator of where consumer prices are headed. Prior to 1978, the index was known as the Wholesale Price Index.
According to the establishment survey of employment, released last week by the Bureau of Labor Statistics, total employment increased, month over month, by 263,000 jobs.
