Faced with a 20% drop in ‘premium’ travel as compared to a year ago, some airlines (Qantas, BA) have started cutting back on their first-class fanciness. Some (Emirates, Air France, Lufthansa) find the idea “unthinkable”. Yet those airlines who continue to invest in first-class travel might be making the smarter move: they’re hoping these passengers will stay loyal when the economy bounces back. Which is not such a bad idea, considering the fact that first-class passengers are the ones keeping the airlines afloat. (Uh, aloft?)
Bill Moyers produced an excellent segment on media consolidation and its disproportionate impact on minorities. African Americans and Hispanics account for over a quarter of the population, but own just 33 of the nation’s 1,350 television stations, and only 6% of radio stations. According to Melody Spann-Cooper, owner of Chicago’s only black-owned radio station:
Radio has moved from being in the business of empowering and educating people to Wall Street, to making money. And that’s not the big corporate conglomerates, you know, that’s not their fault. They were allowed to do this.