The Incredibly Shrinking American Middle Class
By Karin Kamp – National Change – Published: Sunday 22 September 2013
Median earnings are a key indicator of how the middle class is doing.
A typical American household made about $51,017 in 2012, according to new figures out from the Census Bureau this week. That number may sound familiar to anyone who remembers George H. W. Bush’s first year as president or Michael Jackson in his prime. That’s because household income in 2012 is similar to what it was in 1989 (but back then it was actually higher: you had an extra $600 or so to spend compared to today).
One scapegoat does not fix LIAT or Caribbean Airlines – Commentary
Some might believe that, for the second time in only three years, Captain Ian Brunton has been made a scapegoat by the board of directors of a Caribbean airline company – fired as CEO of Caribbean Airlines Limited in late 2010 and, last week, he resigned as CEO of LIAT.
Indisputably, the overall operation of LIAT has continued to be disastrous during the last four months but so has the marketing / PR / communications function and yet the senior management there appears unchanged going forward. More importantly, the chairman, Jean Holder, and the LIAT board — which has authorised the strategy, business plan, operating budget and bank loans underlying the recent chaos and financial uncertainty – also appear unchanged going forward. [Read more]
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