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In the context of the minimum wage debate, pretty much everyone agrees that this kind of response — "capital substitution," to use the technical term — is to be expected.
In response, Capital said that, in the absence of an indicative offer from Simon, it continued to "believe that it is not appropriate to provide SPG with the non-public due diligence information it has requested".
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But this is as much a response to capital outflows as it is to the slowdown in growth.
Banks set up their off-balance sheet vehicles in response to capital rules.It is the same story with the spike in food and fuel prices over the past year.
He had brought them to London with him in 1987, when he played a summer residency at the gay club Heaven to a mixed response: the capital's clubs were still largely soundtracked by hip-hop and funk.
On Wednesday, when The New York Post reported on its Web site that Mayor Michael R. Bloomberg planned to ban all passenger cars in Manhattan, the mayor's press secretary posted a Twitter response in capital letters, "NOT CORRECT".
It also includes stories on the first round of Peru's presidential election, Colombia's response to capital inflows, the acquittal in Texas of an alleged Cuban terrorist and maternity leave in Chile.
In Europe, the growth of the cooperative movement begun in Germany in the 19th century as a response to capital shortage and farm indebtedness brought satisfactory solutions to problems of distribution of products from farmer to processor.
In response to capital flight, the government has imposed tough currency controls.
The response from capital will be brutal: Money will flow to places like China, Europe and India — and U.S. jobs will go with it.
After briefly reviewing some of these developments, the course will focus on assessing several likely policy responses: taxing capital and top-income earners, the safety net and redistribution, and place-based policies that aim to address spatial disparities in opportunity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com