When the December 2013 unemployment rate came out on January 10, some news sources were glad to see that it decreased to 6.7% from 7%. Sounds good, right? In reality, it doesn’t explain everything. Actually, it hardly explains anything. That number only captures people who are still in the job market, who are also still actively searching for a job. So when you hear “unemployment rate,” feel suspicious. Who doesn’t it include?
In this episode 485, NPR’s Planet Money talked about expected earnings for each college major. They based their discussion on Georgetown Professor Caravelli’s study. There’s lots of useful, detailed data included for each college major. But does this information give us the whole picture?
NPR Planet Money episode 482 asks why the US keeps sending weapons to Egypt. We continue to give Egypt $1.5 billion a year, $1.3 billion of which goes to the Egyptian military. Policy proponents say this money comes back to the US, since Egypt spends this money on American weapons.
What does the shutdown mean to the average American? Besides all the political drama and childishness between Republicans and Democrats, what does the average person actually know? What do they think about our debt ceiling and how much do they care?
Several days into the government shutdown, it’s obvious many politicians are out of touch with reality. They seemingly live in a bubble where they don’t realize how their decisions might affect reality. Sure, they’re using it as a bargaining chip…