Example of articles relating to market failure From WSJ December 29, 2005
	
1.	Perez, E. 2005. Delta Pilots Clear Interim Wage Cuts. Wall Street 	Journal  (Eastern Edition),  p. A.2, December 29. Retrieved January 31, 	2006 from Wall Street Journal database.
      The Air Line Pilots Association said the interim agreement with Delta 
      won approval by 58% to 42% among rank-and-file pilots who voted. The deal 
gives the two sides until the end of March to reach a long- term agreement on wage concessions, after which a three-person arbitration panel could decide whether Delta can dump the pilots' collective-bargaining contract and impose terms.
      
In autumn 2004, the Delta pilots union approved a 33% wage cut as part of 
      $1 billion in annual givebacks, while nonunion workers had a 10% pay cut 
      imposed on them, in a bid to help the company avert a bankruptcy-court 
      filing. Delta filed for Chapter 11 on Sept. 14, and, after failing to 
      reach a new deal with the union, asked the U.S. bankruptcy court to allow 
      it to dump its pilots contract and impose new pay cuts, as it had done 
      with its nonunion workers.
      
2.	Lee, J.L. and P. Glader.  2005.  Baotou Iron Holds Talks to Sell Stake To 	Mittal Steel. Wall Street Journal  (Eastern Edition),  p. B.2, December 	29. Retrieved January 31, 2006 from Wall Street Journal database.           	Although Valin produces 8.5 million metric tons of steel a year, more 
      than Baotou at present, a stake in Baotou could fetch a higher price than 
      Valin did because of its raw-material assets and because the values of 
      steel companies have risen dramatically in recent months. Last week, 
      Luxembourg-based Arcelor upped its bid for Canadian steelmaker Dofasco 
      Inc. to US$4.2 billion.
      
Sridhar Krishnamoorthy, country manager of Mittal Steel China, said Mittal Steel has "looked at" another Chinese steelmaker, Kunming Iron & Steel Group, but hasn't made any progress beyond that. "There were some reports that we were doing a JV [joint venture] and all that, but that's not true," he said.

3.	Emshwiller, J.R. and J.M. Biers.2005.  Enron Prosecutors Gain New Ally; 	Causey Plea May Offer Look Into Top Officers' Actions Before Company's 	Collapse. Wall Street Journal  (Eastern Edition), p. A.3, December 29.  	Retrieved January 31, 2006 from Wall Street Journal database.
       In Houston yesterday, Mr. Causey pleaded guilty before U.S. District 
      Judge Sim Lake to one count of securities fraud in connection with his 
      work at Enron, which collapsed into bankruptcy proceedings in December 
      2001. Under the plea agreement the Justice Department's Enron Task Force 
      prosecutors and Mr. Causey's attorneys would seek a seven-year prison 
sentence for him. However, prosecutors could recommend a reduction to five years if Mr. Causey provides "truthful, complete, and accurate 
      information" in the federal Enron investigation, the agreement added. Mr. 
      Causey also agreed to forfeit $1.25 million to the government.
      Mr. Causey's help to the government would almost certainly involve 
      information about what his two former bosses, Mr. [Kenneth Lay] and Mr. 
[Jeffrey Skilling], knew about the financial and business affairs of Enron prior to its collapse. In his plea agreement, Mr. Causey admitted that he "conspired with members of Enron's senior management to make false and 
      misleading statements" about the company's financial condition. The 
      government has charged Messrs. Skilling and Lay with lying to the public 
      about the company's condition and helping to orchestrate transactions to 
      hide Enron's mounting problems. Messrs. Skilling and Lay have pleaded not 
      guilty to the charges.

4.	Lieber, R.  2005.  Home & Family -- Cranky Consumer: The Dirt on Green 	Housecleaners. Wall Street Journal  (Eastern Edition),  p. D.5, December 	29.  Retrieved January 31, 2006 from Wall Street Journal database.
      Perry Phillips, the executive director of the Association of 
Residential Cleaning Professionals says that the green-cleaning concept is particularly hot on the West Coast, where he figures that up to 50% of 
      companies do some sort of "natural" cleaning. "It's definitely the buzz n 
      the industry right now," he says.
      
We found most of the home-cleaning services in the major cities where 
      sales of organic and natural products tend to be much higher than the 
      national average. In Los Angeles, we used a local franchise of a national 
      chain with a "healthy touch" cleaning program that uses environmentally 
      "preferable" products. In New York, meanwhile, we sprang for the full 
      "spring cleaning" package from a local outfit that burns essential oils 
      while cleaning and leaves organic chocolate on the pillow.
      
Deanna Hains, ZENhome's owner, says she is aware that large, new windows 
      may be harder to handle for smaller, female cleaners, and that she might 
      adjust staffing on her spring-cleaning crews. "We're a new company, and 
      we're learning and trying to make this as five-star a service as 
      possible," she says.

5.	Nakamichi, T.  2005.  Japanese Economic Data Show Recovery on Track. Wall 	Street Journal (Eastern Edition),  p. A.9, December 29. Retrieved January 	31, 2006 from Wall Street Journal database.
      "Overall, those data mean that Japan is sure to emerge from deflation 
      soon," said Koji Fukaya, chief economic researcher at Bank of 
      Tokyo-Mitsubishi, referring to the persistent decline in prices that has 
      for years weighed on the country's economy. "Domestic demand is 
      maintaining strength, and production is picking up steadily. Japan's 
      economic uptrend remains firm, although the pace of its growth has been 
      not brisk, but incremental."

6.	Wall Street Journal(Eastern Edition),  .  2005.  Austrian Airlines: Age-Bias Lawsuit Is Settled With Ex-Worker For $500,000, p. A.5, December 29.  Retrieved January 31, 2006 from Wall Street Journal database. 
      The Equal Employment Opportunity Commission said Austrian Airlines 
      has agreed to pay $500,000 to settle an age-discrimination lawsuit.
    
7.	Wall Street Journal(Eastern Edition).  2005.  Bird-Flu Stock Scams Take 	Wing,  p. D.2, December 29. Retrieved January 31, 2006 from Wall Street 	Journal database.
     "This is an age-old pump-and-dump scheme with a brand-new disguise," 
      said John Gannon, NASD vice president of Investor Education. 
      "Unfortunately, fraudsters are quick to exploit every new crisis or 
      catastrophe to peddle their get-rich-quick scams to unsuspecting 
      investors."

8.	Wall Street Journal(Eastern Edition).  2005.  Bristol-Myers Squibb Co.: 	New Cancer Drug's Application Seeks Priority Review by FDA, p. D.7, 	December 29. Retrieved 	January 31, 2006 from Wall Street Journal 	Database.
      Bristol-Myers Squibb Co. said it completed an application to the Food 
      and Drug Administration for approval of a new cancer drug.
      
9.	Wall Street Journal(Eastern Edition).  2005.  Probe Finds No Evidence of Tailored Stem Cells, p. B.4, December 29. Retrieved January 31, 2006 from Wall Street Journal database.
      "The panel couldn't find stem cells that match patients' DNA 
      regarding the 2005 paper and it believes that [Hwang Woo Suk]'s team 
      didn't secure scientific data to prove that [stem cells] were made," Dr. 
      [Roe Jung Hye] said.