Word: medians
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...relatively small class of people like doctors, engineers, accountants and financial planners, who can expect to do well by providing highly compensated services to a variety of employers. David Hill, 65, a former chief information systems officer for General Motors, has joined with 17 other onetime auto-industry executives (median salary before leaving their jobs: $300,000) to form a top-of-the-line international consulting group. "In the future," says Hill, "loyalty and devotion are going to be not to a Hughes or Boeing or even an industry, but to a particular profession or skill. It takes a high...
...county, where the median family income is $46,700 a year, is home to a successful Asian-American community of doctors, engineers, teachers and small businessmen. The Tays, Chinese immigrants from Singapore, used the profits from Dr. Alfred Tay's medical practice to custom-build their 8,000-sq.-ft. home in an exclusive section of the city of Orange and to provide costly luxuries for their son and daughter. Stuart was a former Boy Scout, an academic standout at Foothill High School, and a founder of an Asian-culture club who hoped to attend a top-ranked college next...
...stereotype says they've suddenly made it in this country. Proponents of this view are quick to point out that as a group, Asian-Americans have a higher median income level than any other group...
...particular concern, according to Knowles, is the future of financial aid. A growing gap between college tuition costs and median family incomes, a decrease in governmental loans and grants and heightened scholarship competition among universities are some of the most serious dilemmas facing the Faculty, he said...
...size, however, is one of GM's greatest burdens. Because of arrogance and inertia, GM has fallen out of touch with its customers. Except for products of GM's Saturn and Pontiac divisions, young drivers increasingly spurn the company's cars for Japanese makes or other U.S. models. The median ages for buyers of GM's bread-and-butter midsize lines are 45 for Chevrolet, 55 for Oldsmobile and 60 for Buick. By contrast, the ages of U.S. buyers of Japanese cars range from 35 to 40. GM has foundered while the more nimble Ford and Chrysler, which had long...