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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (47479)	6/16/1999 11:50:00 AM
From: MythMan	Read Replies (2) \| Respond to of 86076

>>Everyone with half a brain << Slips by those with less....

To: IceShark who wrote (47479)	6/16/1999 11:53:00 AM
From: BGR	Respond to of 86076

Not to mention frustrating POS poot holders ... as for repeating foregone conclusions - it's like shaving in the morning you know, makes this thread feel more like home. Edit: Is gold again down a buck today?

To: IceShark who wrote (47479)	6/16/1999 12:26:00 PM
From: bill meehan	Read Replies (1) \| Respond to of 86076

Got standards? Apparently not at the BLS. -------------------------------------------------------------------------------- 06/16 10:47A (DJ) DJ US GAO Urges Review Of BLS Substitution Decisions In CPI Story 2890 (G/CNG, N/DJN, N/DJWI, N/ECO, N/EMI, P/DEC, P/DWV, R/US, R/NME) WASHINGTON (Dow Jones)--A new report found "no evidence" to indicate whether errors or inconsistencies in decisions by Bureau of Labor Statistics commodity analysts or the lack of comprehensive review of those decisions has had a material effect on the calculation of the Consumer Price Index. The General Accounting Office said in the report that "we are not suggesting that the CPI is inaccurate." But GAO also said prior BLS studies "have noted that the decision-making process was susceptible to producing errors and inconsistencies," and said this has not been remedied by sustained corrective action. "To help ensure that the CPI is protected from potential effects of errors and/or inconsistencies resulting from commodity analysts' substitution decision-making, we recommend that the Commissioner of BLS evaluate, on a periodic basis, the degree of consistency and accuracy in analysts' substitution determinations and the resulting effects on the CPI," said GAO, a Congressional watchdog agency. In the process of computing the CPI every month, BLS commodity analysts review the substitutions that price takers make each month for items they can't find. GAO said substitutions "are not inconsequential because BLS has determined that they can have a significant impact on CPI." GAO said that "by the very nature of the differences that can exist between