INTELLIGENCER NEW ERA

An article “SDL boosts employees’ salaries” states that administrators average wages will increase will by 2.4% and teachers by 4.1% this year.

WATCHDOG: Without  commenting on the merits, we note that the rate of deflation over the past year has been 2.2% to date, thus bringing the real (as opposed to nominal) increases to 4.4% and 6.1% respectively. Not bad for a year of deep recession.