Greek unions walked off the job yesterday, grounding flights, halting buses, and shutting down the port. Alex Tabarrok notes this as an example of sticky wages, and adds "The story also illustrates how aggregate demand shocks can generate aggregate supply shocks." Paging Lord Keynes . . .
Honeybees contribute more than $15 billion to the U.S. economy. A short documentary considers how desperate beekeepers are trying to keep their hives alive.