TITLE

FROM THE WIRE

PUB. DATE
May 2009
SOURCE
Las Vegas Business Press (10712186);5/11/2009, Vol. 26 Issue 19, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44335505

 

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