May 2009
Las Vegas Business Press (10712186);5/11/2009, Vol. 26 Issue 19, pP15
This section offers news briefs on the business sector in the U.S. as of May 11, 2009. An estimated 491,000 workers were terminated in April, showing a smaller number from what was forecasted, and the fewest since October 2008. According to research analyst Richard Bove, it is not advisable to force banks to boost their capital amidst a recession because it may delay recovery. Federal Reserve chairman Ben Bernanke says that a relapse in the country's financial system will undermine a forecast of slow recovery for 2009.


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