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January 19, 2005
Comparing a dollar then to a dollar now
I came across this nice calculator at the Economic History Services site. The thing I learned is that there isn't one answer to the question "How much is $100 from 1960 worth today?" From the site:In 2003, $100.00 from 1960 is worth:
$621.65 using the Consumer Price Index$502.09 using the GDP deflator
$761.26 using the unskilled wage
$1,297.73 using the GDP per capita
$2,086.61 using the relative share of GDP
Posted by eubie at 7:36 PM permalink
The life of two stories
Two stories from ACBJ's print editions this week lived on across the web. "N&R looks to break tradition with Web changes" in The Business Journal of the Greater Triad Area reported on changes to the daily newspapers to allow more interaction between the newsroom and readers. The story drew was noted by Greensboro, N.C. bloggers, including Ed Cone. Greensboro bloggers are gaining a reputation as a developing city for citizen journalism. No surprise that the bloggers did not like that the Friday print-edition story was not posted on the web until Monday.
Rainforest founder plots big return in The Business Journal (Minneapolis/St. Paul) was a big hit on sites such mugglenet.com, The Leaky Cauldron with the mention that a restaurant chain based on the Harry Potter character was being considered. It was big news for a few hours, but then the story was debunked and others by Rawlings agency. The main source of The Business Journal's story retracted his earlier statements that he had spoken with J.K. Rowling, author of the Harry Potter series, about opening a theme restaurant based on the character. He also said he does not hold rights to use the character's name.
Posted by eubie at 7:25 PM permalink
Looking at the numbers
The Wall Street Journal launched a new column The Numbers Guy -- "a new column on the way numbers and statistics are used – and abused – in the news, business and politics." First column was about how deadly is bird flu?
I couldn't help wondering if Crichton's State of Fear served to help launch the column. Here's a NY Times profile of Crichton and the book. Crichton's web site has speeches he's given in recent years.
Posted by eubie at 10:09 AM permalink