Why an important inflation measure leaves out borrowing costs
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 May 2024
⏱️ 9 minutes
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Summary
The consumer price index comes out later this morning. It’s designed to measure inflation but ignores one of the biggest categories of price increases hitting consumers: the cost of borrowing money. We’ll unpack why that’s the case. Also, a bipartisan group of Senators wants the federal government to spend $30 billion to address artificial intelligence development. Then, school districts face tough choices as pandemic funding ends
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Transcript
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| 0:16.9 | We need you now. One generous marketplace fan, Dr. Joe Rush from Florida, is offering to match the next $50,000 in donations to marketplace. And every single gift gets us closer to a critically important May fundraising goal. Give right now and double your impact. |
| 0:19.0 | Thanks to this generous match. |
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| 0:24.0 | My name is Lee Hawkins. |
| 0:28.0 | I've been a journalist for over 25 years. On my new podcast, What Happened in Alabama, |
| 0:37.0 | I get answers to some of the hardest questions about how things came to be for many black Americans and the truth that must come |
| 0:45.3 | before any reconciliation can happen. I investigate my family history, my upbringing |
| 0:51.8 | in Minnesota, and my father's painful nightmares about growing up in Alabama. |
| 0:57.0 | What happened in Alabama is a new series confronting the cycles of trauma for myself, my family, and for many black Americans. |
| 1:06.0 | Listen now. Is 30 billion enough to make AI AOK? I'm David Brancaccio in New York a bipartisan group of senators today released |
| 1:25.6 | recommendations for developing and regulating artificial intelligence. They want the federal |
| 1:30.6 | government to spend about 30 billion dollars over three years on |
| 1:34.4 | shaping technology that could bring great bounty but could also cause great harm |
| 1:39.7 | marketplace as Nova Safo is here with more. |
| 1:42.2 | Yeah these group of senators includes Marketplace's Novosafo is here with more. |
| 1:42.8 | Yeah, these group of senators includes Democratic majority leader Chuck Schumer. |
| 1:46.6 | They say China is outpacing the US in responding to developments in artificial intelligence |
| 1:51.6 | technologies and the US must speed up its |
| 1:54.3 | response. They also want to catch up to the European Union which earlier this year, as we know, |
| 1:59.1 | enacted sweeping new AI safeguards, especially for use in arenas such as medicine, infrastructure, and |
| 2:04.5 | policing. |
| 2:05.6 | So the recommendations from the Senators, it's a 33-page report, David, with broad brush strokes. |
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