Google is using its vast database of web shopping data to construct the ‘Google Price Index’ – a daily measure of inflation that could one day provide an alternative to official statistics.
The work by Google’s chief economist, Hal Varian, highlights how economic data can be gathered far more rapidly using online sources. The official Consumer Price Index data are collected by hand from shops, and only published monthly with a time lag of several weeks.
I’m still trying to recover from the shock of reading that the Consumer Price Index is collected BY [FREAKING] HAND from shops and “…with a time lag of several weeks”.
This is why Government needs to get out of everything that’s not purely a government function (e.g. law enforcement, judicial, military). This is stupefyingly shocking to me.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aoH46HzIlk5w
/in Neat Tech & Newshttp://noir.bloomberg.com/apps…
/in tweetshttp://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aoH46HzIlk5w http://post.ly/13nzF
Save $100! T-mobile G2 now only $99 from Amazon
/in Neat Tech & NewsIf you’ve been waiting for the G2, Amazon is giving you all the excuse you need to pick up this badboy.
Save $100! T-mobile G2 now onl…
/in tweetsSave $100! T-mobile G2 now only $99 from Amazon http://post.ly/13fr8
T-Mobile makes Wi-Fi calling on Android official
/in Neat Tech & NewsI continue to be impressed on how Tmobile is innovating. I thought they were going to be out to lunch a while ago, but it’s good to see they are fighting for their market share.
T-Mobile makes Wi-Fi calling o…
/in tweetsT-Mobile makes Wi-Fi calling on Android official http://post.ly/13fof
Google to calculate price index, aiming to replace stone tablet methods currently in use
/in Neat Tech & NewsI’m still trying to recover from the shock of reading that the Consumer Price Index is collected BY [FREAKING] HAND from shops and “…with a time lag of several weeks”.
This is why Government needs to get out of everything that’s not purely a government function (e.g. law enforcement, judicial, military). This is stupefyingly shocking to me.
Google to calculate price inde…
/in tweetsGoogle to calculate price index, aiming to replace stone tablet methods currently in use http://post.ly/13fTU
Why Windows Phone 7 Will Make Android Look Chaotic | Gadget Lab | Wired.com
/in Neat Tech & NewsAs much as I’ve become a Google fanboy, Microsoft is still, well, MICROSOFT. It’s good to see them making a very serious stab at the mobile market. They will not go down without a serious fight. If anyone can take back their market share, it’s Microsoft.
Why Windows Phone 7 Will Make …
/in tweetsWhy Windows Phone 7 Will Make Android Look Chaotic | Gadget Lab | Wired.com http://post.ly/13fMV