Journalists love numbers and every end of tax season they have a field day reporting a whole lot of data that in our minds should be the same thing, but aren’t. Why is income not equal to GDP per capita (per capita = per person)? What is the difference between income and wealth? GDP represents everything that happens on an economic level in your … [Read more...] about Tax season and the statistics keep coming
Let’s blame inflation… or do we blame somebody for inflation… either way, inflation is the bad guy… Right?
Investopedia defines inflation as ‘the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some period of time. The rise in the general level of prices, … [Read more...] about Let’s blame inflation… or do we blame somebody for inflation… either way, inflation is the bad guy… Right?
Another fine day of not using algebra…
How many memes do we have which go something like “Another day where I didn’t use algebra.”? Actually, you do. Every day. Numerous times. The world is trying to get rid of plastic bags, so we all have our trusted cloth bags that we schlep to the shops. We keep one or two bags in our cars, but when we have to do the big shop, … [Read more...] about Another fine day of not using algebra…
The kissing cousins of music and math
We have all learned about our left and right brain. The theory goes that If you are more analytical and methodical in your thinking you are left-brain dominant, whilst if you are more creative, you are right-brain dominant. This does not mean that left-brain dominant people do not have a right brain, but the trick is in how to use it to enhance the … [Read more...] about The kissing cousins of music and math
How long is this going to take me?
With more people being vaccinated around the world, we slowly see people planning holidays and trips to theme parks. My biggest bugbear with theme parks has always been the wait – and the price elasticity of tuna sandwiches, but that is another conversation. The wait becomes even more painful when you are visiting the park with young children. Theme … [Read more...] about How long is this going to take me?