ChittahChattah Quickies

  • [from Dan_Soltzberg] Book review: In the Loop – Knitting Now [we make money not art] – [Another form of handheld diversion – knitting. No chargers or connections necessary. Check out Mark Newport’s wonderful superhero pix halfway down the page.] In the Loop shows the different aspects of contemporary knitting practice and transforms our understanding of knitting away from retro hobby to mainstream craft and artform.
  • [from steve_portigal] An Evolution In The Data Collected By Economists [ABC News] – [Recalling the adage "You manage what you measure"] The US is deluged with economic data, yet figures cannot conclusively answer even the most fundamental questions. A handful of data-loving economists are pushing for alternative measures to provide a clearer picture of how well the economy is working. No one is talking about jettisoning the GDP, the broadest measure of the nation's economic output. By combining that information with deeper understanding of how people live, work and feel, officials hope to identify economic trouble spots more quickly and make better policy decisions. Two new sets of statistics are due to be launched next year. The Labor Department is working on an enhanced time use study to track what Americans do all day and how they feel about those activities, a project that draws on Krueger's academic research. The Commerce Department is planning a new poverty metric it hopes will provide a more up-to-date measure of which groups are struggling to meet basic needs.

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