Audio Mises Wire - The Fallacy of “Measuring” Inflation

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.

Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

Up First from NPR - Texas Storm Toll, Trump’s Foreign Policy, Supreme Court Allows Federal Layoffs

Rescue and recovery efforts trudged on for a fifth day after devastating floods hit central Texas, President Trump hosted Israeli Prime Minister Netanyahu at the White House as they worked to make a Gaza deal, and the Supreme Court is allowing the Trump administration to move forward with plans to lay off hundreds of thousands of federal employees.

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Today's episode of Up First was edited by Alfredo Carbajal, Dana Farrington, Krishnadev Calamur, Janaya Williams and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Zo van Ginhoven. And our technical director is Carleigh Strange
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Marketplace All-in-One - Are we “flying blind” into peak hurricane season?

The National Weather Service lost some 600 positions early in the second Trump administration, through early retirements and layoffs. Now the agency says it’s working to fill some “mission-critical” roles. Meanwhile, the Trump administration has also proposed cutting the greater NOAA budget by more than 25% next year.


A rising chorus of meteorologists and climate experts warn that efforts to shrink the federal workforce and downplay global warming could compromise accurate weather forecasts and climate monitoring.

The Intelligence from The Economist - Sprawl of duty: Trump’s tariff drama

Once again President Donald Trump extended the deadline for spine-stiffening tariffs to go into effect on trading partners. We look at the effects of all the uncertainty. Brazil once dominated the world of football; we ask where it went wrong and assess the route to a comeback. And England’s historic obsession with trim, green lawns is fading (except at Wimbledon). 


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WSJ What’s News - Trump Calls Out Putin Over Ukraine

A.M. Edition for July 9. As Russia intensifies its assault on Ukraine, President Trump is losing his patience with Vladimir Putin. Journal correspondent Matthew Luxmoore says the president is now considering sending an additional patriot missile system to Kyiv. Plus, the Trump administration is moving to ban Chinese buyers from purchasing U.S. farmland over national security concerns. And interest groups are spending big on television advertising in West Palm Beach, Florida in a bid to capture President Trump’s attention. Luke Vargas hosts.


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Headlines From The Times - Supreme Court Backs Trump Layoffs, L.A. Targets Evictions, Meta Hires Apple Exec, California Aid at Risk

The Supreme Court allows Trump to move forward with mass federal layoffs, while L.A. cracks down on “renovictions” to protect tenants. In tech, Meta poaches a top AI executive from Apple. Governor Newsom demands long-term disaster aid as a new lawsuit threatens funding for Latino and low-income college students. And Amazon’s Prime Day sees slower sales and fewer discounts amid rising tariffs.

The Daily - Trump’s Top Aides Spread the Epstein Conspiracy. Now They Are Trying to Kill It.

For months, President Trump and Attorney General Pam Bondi suggested that they would expose the hidden, potentially sinister truth about Jeffrey Epstein’s death in 2019.

But over the past few days, the Trump administrationWhite House decided to shut down has poured cold water on the conspiracy theories surrounding the financier.

Glenn Thrush, who covers the Justice Department for The Times, explains what happened.

Guest: Glenn Thrush, who reports on the Justice Department for The New York Times.

Background reading: 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Photo: Pete Marovich for The New York Times

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Start Here - Why “Flash Flood Alley” Never Got a Warning System

An ABC News investigation reveals years of discussions by Texas officials about flood warnings systems that were never purchased. The Transportation Security Administration announces the end of shoe checks in security lines. And the State Department claims someone has been contacting foreign governments on Signal, while impersonating Marco Rubio. 


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Everything Everywhere Daily - Fabergé Eggs

In 1885, the Russian Tsar Alexander III commissioned an Easter gift for his wife.

It was a rather unusual gift. He asked one of the finest goldsmiths in the country to create a jeweled egg.

However, it wasn’t just to be an expensive bauble. Inside the egg was to be another exquisite surprise. 

This began a tradition that would last for over 30 years and resulted in some of the finest and most valuable decorative works of art in the world.

Learn about Fabergé Eggs, their creation, and the stories behind them on this episode of Everything Everywhere Daily.

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