Our altered spending patterns seem to be to blame for the pandemic’s inaccurate inflation statistics. According to the Economics Report, UK institutions are reporting a lower inflation rate than projected after the start of lockdowns. It suggested that this is because the apparel, footwear, and transportation sectors were misrepresented in the statistics; by being assigned a greater spending rate consistent with pre-pandemic levels, they brought down inflation owing to their post-pandemic negative inflation rates. Read full article here
Why Do Modern Pop Songs Have So Many Credited Writers?
The music industry has changed dramatically over the last few decades – with the number of songwriters credited on number one hits more than doubling. This is due to a combination of factors, including money, the computer and a changing definition of what songwriting is. For example, if The Beatles’ classic “I Feel Fine” was released today, it would likely have four writers credited instead of two, due to the influence of producers, samples and interpolations. With the rise of lawsuits, artists now preemptively add songwriter credits to their songs, even if the similarities between their song and the source material are coincidental. It all goes to show that the music industry is becoming more complex and competitive. Read full article here