Wednesday, August 23, 2006
The Shrinking Value of the Dollar
The Shrinking Value of the Dollar The Shrinking Value of the Dollar
The CPI inflation calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used. In 2002, for example, it took $17.89 to buy what $1 bought in 1913. Note that in 1920, it cost $2.02, and declined in 1925 and through the 1930s, illustrating the effect of the Great Depression, when prices slumped. Prices did not pass $2 again until 1950.
The CPI inflation calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used. In 2002, for example, it took $17.89 to buy what $1 bought in 1913. Note that in 1920, it cost $2.02, and declined in 1925 and through the 1930s, illustrating the effect of the Great Depression, when prices slumped. Prices did not pass $2 again until 1950.
Tuesday, August 22, 2006
CHIP our troops...
: "A Florida company wants to get under the skin of 1.4 million U.S. servicemen and women.
VeriChip Corp, based in Delray Beach, Fla., and described by the D.C. Examiner as 'one of the most aggressive marketers of radio frequency identification chips,' is hoping to convince the Pentagon to allow them to insert the chips, known as RFID(Radio Frequency Identification) chips under the skin of the right arms of U.S. servicemen and servicewomen to enable them to scan an arm and obtain that person’s identity and medical history. The chips would replace the legendary metal dog tags that have been worn by U.S. military personnel since 1906."
VeriChip Corp, based in Delray Beach, Fla., and described by the D.C. Examiner as 'one of the most aggressive marketers of radio frequency identification chips,' is hoping to convince the Pentagon to allow them to insert the chips, known as RFID(Radio Frequency Identification) chips under the skin of the right arms of U.S. servicemen and servicewomen to enable them to scan an arm and obtain that person’s identity and medical history. The chips would replace the legendary metal dog tags that have been worn by U.S. military personnel since 1906."
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