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Mayor Richard Daley today brushed off attempts by police union leaders to blame his administration for officers not getting better raises in a new five-year contract, exemplifying the struggles between unions and employers. In this case, they are dealing with the government

This article talks about how the Congress of South African Trade Unions has pledged full support for SAMWU's 130 000 municipal workers who have been on a national protected strike from 12 April 2010. Trade unions, if powerful and well organized, and if many workers belong to them, can have devastating consequences on the economy if they go on strike.

This article is an example of the effects unions can have on company policy

The dispute between British Airways' management and the Unite trade union, which is over working conditions and pay freezes, intensified over the weekend after the two sides disagreed about the effectiveness of the strike. This article is relevant to this week's topic because if the strike consists and the firm must agree to defrost its pay-freeze and increase real wage, that would result in a cost-push inflation caused by pressure from trade union.

This article from the Wall Street Journal describes the economic problems faced by Greece and the effect on the European Union because of the 2007-09 financial crisis. It was recently revealed that the last government of Greece left a huge amount of hidden debt, hidden with the help of Goldman Sachs. The Greek economy has since moved into a recession.

This article is about epresentatives from 12 South American countries signing an agreement to create a political and economic bloc modelled on the European Union.

This article talks about President Obama's recent actions to crack down on pollution and harmful emissions in the United States. It talks about Obama's use of pollution permits to encourage a decrease in emissions for electronic utilities and factories. Essentially, Obama wants to use the market for pollution permits to protect climate and develop greener technology.

The British Airway has decided to lay-off the number of staff on long-haul flights and freeze their pay for this year. The aim of this reduction in cost is to save 62.5million euros to help cope with a fall in demand, volatile fuel prices, and increased competition against low-cost airline firms. This article is relevant to Week 25 topic because this is an example of demand-deficient unemployment where potential supply for labor exceeds the actual demand for these labors.