Winner sues Colorado lottery for millions over fixed jackpot

MSN AP ^

[Pontiac]

`The Government calculates inflation based on the prices of a very limited group of goods and services

During the Obama administration they changed that list to eliminate things pushed the inflation rate up.

I cant recall what they are at the moment.

[Toddsterpatriot]

Let me know if you find/remember them. Thanks.

[Pontiac]

Start with this

http://www.freerepublic.com/focus/f-news/3455440/posts

[rb22982]

Looks like he’s more than seeking enough for interest. The “lost money” is $1.6 million ($2.4 - the $0.8 he received) and he’s asking for $4.0 million. He’s assuming 8% return annually to get to $4 million. (1.6 * 1.08^12 = 4)

[Robert DeLong]

I doubt his speculation wasted anymore space then your nasty response. It even compelled me to respond wasting even more space, and to ask you this question.

[Gay State Conservative]

If the name was John or Mary Smith I'd say "bravo,sue the bums!".But with a name like that.....

And yes,just to clear up any confusion I am "islamophobic".

[Holdem Or Foldem]

The last 10 years inflation has been 18.4%.

Try this inflation calculator

http://www.usinflationcalculator.com/

It uses government CPI data.

[CurlyDave]

...A correction for inflation should also be calculated.

Interest rates have not kept up with inflation.

Interest rates pre and post judgement are set by law and in most states are much higher than bank interest rates. mortgage interest rates or T-bill rates. He is going to do OK on that angle.

[CurlyDave]

...And don’t use the inflation rates published during the Obama administration.

Those numbers were falsified to make Obama’s government look good and to keep the SS inflation adjustment low...

There is significant racism in suppression of the SS inflation adjustment. Statistically, whites live longer than blacks, and are therefore more impacted by this chicanery.

[Toddsterpatriot]

Thanks.

Between 2010 and now, the Burrito Index has logged a 30% increase, more than triple the officially registered 10% drop in purchasing power over the same time.

If all he buys are burritos, his personal inflation rate 2010-2016 is 4.47%.

The cost of a regular taco was $1.25 in 2010. By official standards, it should cost a dime more. Oops—it’s now $2 each, a 60% increase, six times the official rate.

If all he buys are tacos, his personal inflation rate 2010-2016 is 8.15%.

The cost of a Vietnamese-style sandwich (banh mi) at our favorite Chinatown deli has jumped from $1.50 in 2001 to $2 in 2004 to $3.50 in 2016.  That $1.50 increase since 2004 is a 75% jump, roughly triple the official 27% reduction in purchasing power.

If all he buys are banh mi, his personal inflation rate 2004-2016 is 4.77%.

University of California at Davis: 2004 in-state tuition $5,684  2015 in state tuition $13,951 

If all he buys is UCD tuition, his personal inflation rate 2004-2016 is 7.77%. If all he buys is gold, his personal inflation rate 2012-2017 is -6.5%. If all he buys is crude oil, his personal inflation rate 2008-2017 is -9.5%.

Official inflation also assumes that consumers will actively substitute a cheaper alternative for whatever is soaring in price.

CPI measures price changes in relation to the goods people actually purchase. Not everyone buys his burritos or goes to UCD. If steak increases a lot, people spend less on it. Their "consumption basket" will shift.

If US sanctions hit Russian vodka imports, Hillary's personal consumption basket will include less vodka and more gin.

Picking a few items that rose faster than the 2% official rate doesn't mean the real rate is 4.47% because....burritos.

Thanks for the link.

[Toddsterpatriot]

Thanks. That’s 1.7% a year.