Proletariat Steak

A little noticed aspect of the fiscal cliff deal between congressional Republicans and the White House involved the establishment of a new way to calculate the federal inflation rate. Now we will have the so-called “chained consumer price index.” The chained CPI literally assumes that, as products increase in price, we don’t have to actually counts them as having increased in price because consumers can replace those more expensive items with cheaper substitutes. This allows the government to claim that inflation is lower or nonexistent, thus denying recipients of Social Security and other federal entitlement programs their right to a cost of living increase.

Drone Spam

U.S. researchers took up the Department of Homeland Security on its $1000 dare to try to hack into a military drone plane–€”and succeeded. What happens if Russian hackers get into one?

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