Why Is the Consumer Price Index Controversial?

-The U.S. Bureau of Labor Statistics (BLS) produces the Consumer Price Index (CPI). The monthly publication of this number is the most widely watched and used measure of the nation's inflation rate.

From an investor's perspective, the CPI, as a proxy for inflation, is an important component used to estimate the total return on an investment or portfolio of investments.

Nevertheless, there has been debate for some years about whether the CPI overstates or understates inflation, how it is measured, and whether it is an appropriate proxy for inflation. Economists do not agree on how inflation should be measured.

https://www.investopedia.com/articles/07/consumerpriceindex.asp

8-Year-Old Boy Shot In The Head While Looking At Christmas Lights – Here’s Why You Didn’t Hear About This From The Mainstream Media

Zack Bannister (8) was checking out all the Christmas lights with his mom last week in Lawton, Oklahoma.

Jullian Phillips ambushed them and shot him in the head, critically injuring the 8-year-old boy.

You didn’t hear about this story because it didn’t fit the narrative.

https://www.usasupreme.com/8-year-old-boy-shot-in-the-head-while-looking-at-christmas-lights-heres-why-you-didnt-hear-about-this-from-the-mainstream-media/

Russia, China completely abandon US dollar in bilateral trade, says Russian PM

Russia and China have completely abandoned the use of Western currencies, including US Dollar, in their bilateral trade, said Russian Prime Minister Mikhail Mishustin on Tuesday (Dec 19).

While speaking during a meeting with his Chinese counterpart Li Qiang in Beijing, Mishustin said nearly all payments were being carried out in Rubles and Yuan.

The Russian PM is on a two-day visit to the Chinese capital.

https://www.wionews.com/world/russia-china-completely-abandon-us-dollar-in-bilateral-trade-says-russian-pm-671667

Scoop: Warner Bros. Discovery in talks to merge with Paramount Global

Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish on Tuesday in New York City to discuss a possible merger, Axios has learned from multiple sources.

Why it matters: The combination would create a news and entertainment behemoth that would likely trigger further industry consolidation.

https://www.axios.com/2023/12/20/warner-bros-paramount-merger-discovery-streaming