I'd be sympathetic if the union focused solely on higher compensation.
Earlier this week, Scott Carson, the president of Boeing Commercial Airplanes, told company managers the aircraft maker was willing to hold discussions "when the union focuses on its critical few priorities, and only then can we begin to narrow the wide gap in our positions".
The basic theory of why fiscal policy has an important stabilisation role in a monetary union focuses on domestic demand management: since monetary policy cannot be tailored to national economies, fiscal policy needs to keep aggregate demand on track, in both directions.Mr Koo's argument extends to other consequences of monetary union.
The World Science Festival panel in the Great Hall at Cooper Union focused mostly on improvised music, especially the intuitive art of jazz, trying to address the question of what is actually happening when a musician spontaneously creates melodies, harmonies and rhythms that have never been played before.
It also explains how Robert Richardson, the director of a 14-person Correspondence Unit that responds to letters, e-mails and 311 calls addressed to Mayor Michael R. Bloomberg, was allowed to teach a course at Cooper Union focused on Wittgenstein, the Austrian philosopher.
In its publicity campaign for a large raise, the teachers' union focuses not on the fact that its members -- whose salaries range from $31,900 to $70,000 -- want more money, but on a higher-minded argument, that a large raise will be good for the schools and the 1.2 million students.
With talk of a possible rate hike in China, Alan Greenspan's comments on U.S. inflation and an expanding European Union focusing on itself, the S&P 500 stock index notched its second consecutive down month.
Today's installment of Imperfect Union focuses on the U.S. Supreme Court, one of many major institutions whose approval, respect and standing with the public is at record lows.
