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Leading Economic Indicators

News of the Weird by Chuck Shepherd

By News of the Weird by Chuck Shepherd

Published June 5, 2015

Leading Economic Indicators

In the face of jokes about proliferating airline charges, the British economy line easyJet added another fee recently. If easyJet, on its own, cancels a flight, it charges a fee of 10 British pounds (about $15) to notify third parties. The airline said that even though its own decision created the issue, it must nonetheless cover its costs to provide cancellation notices to passengers who miss connections or who need to provide verification to collect on private travel-interruption insurance. [Daily Mail (London), 4-21-2015]

Is This a Great Country or What? Counting only the pool of bonus money (not regular salaries), employees of New York securities industries in 2014 earned roughly twice as much as the total income paid to all employees in the United States who worked full time at the federal minimum wage ($7.25 an hour). (The statistic, from a report by the Institute for Policy Studies and reinforced by a University of Michigan professor using figures from the New York State Comptroller and the Bureau of Labor Statistics, was featured in a March New York Times analysis.) [New York Times, 3-13-2015]

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