The Detroit Federation of Teachers, which enjoys rich pay packages (corrected for purchasing power, Michigan teachers are the best paid in the nation, reported the Mackinac Center for Policy Policy), would do the UAW proud.

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But he says he is confident that those first faltering mistakes have been corrected, and believes the power of Tolkien's original story will ultimately carry the show.

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Because of inflation, over the past decade these NIH dollars actually lost about 20 percent of their purchasing power even before sequestration, at the same time as the federal budget grew by 56 percent in inflation corrected terms.

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In different ways, each of these examples appears to point to the same, welcome conclusion: that the imbalance in corporate power of the late 1990s, when many bosses were allowed to behave like absolute monarchs, has been corrected.

ECONOMIST: Corporate governance in America