2012 statistics

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2012 statistics
2012 statistics
can someone PLEASE explain or summarize this paragraph for me?


A pay dispute between Alberta's teachers and the provincial government will go to arbitration in January, the Alberta Teachers' Association said Monday.

A one per cent hike in teachers' pay based on a Statistics Canada index is to be considered by an arbitrator. (CBC)
The dispute centres on pay raises in the teachers' five-year contract that are tied to the national average earnings index.

Last year, that index was calculated at 4.85 per cent for 2008-09. But in March, Statistics Canada changed the method it used to calculate the index, and came up with the new figure of 5.99 per cent.

That increase of just over one per cent would put an extra $23 million into the payroll for Alberta's 43,000 teachers. The province has said it wants to stick to the lower number.
The teachers' contact runs through 2012. The arbitration hearing is set for Jan. 23-24, with a decision expected some time in February, Henderson said.

Sure. Basically, the government uses a standard formula to determine teacher raises (based on the national average earnings index). One piece of the formula, the index, changed this year, and now the teachers and the government are arguing over whether to use the old index number or the new one. The difference is about $23 million, or 1% of the teachers total pay.



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BACHELOR IN APPLIED STATISTICS BATCH 2012

Are Medals More Important ?


Gordon Brown's pledge to inject more money to help GB win more Medals at 2012 Olympics (were talking many Millions £ !) is sick when there are people such as me struggling, unemployed, (and yes I am trying to get work and was employed 33 years) now drastically trying to sell my home before it is taken from me the price of which I have already reduced by £30k in past 6 months, are medals really more important. I think not. Good luck to all other potential repossession statistics.

i understand that he wants GB to do well because it is the host nation but wasting money on stupid medals is pointless.That money could be put to much better use. The USA and China will win way more medals anyway.

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