Tag Archives: middle class

Economic Hemorrhage vs. Bailout Band-aid

Center of Concern

I’m having a difficult time deciding how I feel about the “bailout package.” I thought about what I would have done yesterday if I were a member of Congress. I decided I probably wouldn’t have voted for the bailout package either. To me it seems like a band-aid made for a paper cut that is trying to fit over a gaping wound that is a hundred times the size of a paper cut. Maybe this band-aid is the wrong shape and size. Maybe it’s not even a band-aid that we need.

By: Stephanie Heishman
Continue reading Economic Hemorrhage vs. Bailout Band-aid

Food Crisis Reverses Middle Class Trend in Latin America

New America Media

The food crisis in Latin America is eroding the spending power of the new middle class, and with it, their optimism in the future of the region’s economy. In Latin America, the global food crisis has done more than just trigger protests and force governments to scramble for stopgap solutions. The crisis has begun to reverse the most positive regional trend of recent years: the decline of poverty and the nascent emergence of a new middle class. Continue reading Food Crisis Reverses Middle Class Trend in Latin America