Interesting Readings for May 7, 2010

Pratap Bhanu Mehta in the Indian Express on the problems of getting to an effective State.

Can the courts help get us out of the mess that is Indian labour law? A report in the Indian Express says that the courts are inclined towards penalising striking workers of Indian Railways for the pain they . . . → Read More: Interesting Readings for May 7, 2010

The ECB sticks to its Playbook …

… and markets unwind [1] (click for better viewing)

It thus appears that those hoping that that the market turmoil would be confined to Europe were proven wrong today as global stocks entered a veritable rout most likely triggered by the lack of any sort of meaningful action by . . . → Read More: The ECB sticks to its Playbook …

Economic Events on May 7, 2010

At 8:30 AM EDT the Employment Situation report for April will be announced, and the consensus for non-farm payrolls is an increase of 200,000 jobs compared to a gain of 162,000 in March, the consensus for the unemployment rate is that it will decrease by 0.1% to 9.6%, the consensus average hourly earnings rate . . . → Read More: Economic Events on May 7, 2010