links for 2009-05-07
"U.S. Secretary of State Hillary Clinton expressed regret for any loss of life as Afghan President Hamid Karzai ordered an investigation Wednesday following allegations that more than 30 civilians died in a U.S.-led bombing."
"The US private sector shed 491,000 jobs in April, according to a survey of business employment, a sign that while job losses remain high, the freefall may be slowing.
Results from the monthly ADP Employer Services survey, which tracks private non-farm payroll employment, were better than expected and its lowest estimate of monthly job losses since October. The revised figure for March showed 708,000 jobs lost."
"US financial stocks soared on Wednesday as investors expressed relief the capital shortfalls identified by the government’s “stress tests” at large banks such as Citigroup and Bank of America were not as big as some had feared.
The bank rally occurred as news of the capital needs of the 19 banks involved in the tests leaked out during the day, ahead of the official release of the results on Thursday."
"How many fiscal disruptions over the last thirty years have been urban/property led? Why does this particular one takes the form it does? In what ways does this fits into a Marxist theory of urbanization under capitalism?"