Econ 101: May 1, 2012

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • The 99 Percent Movement has planned global protests today to mark International Workers Day. [Bloomberg]
  • House Financial Services Chairman Spencer Bachus (R-AL) did not commit insider trading violations, an ethics probe found. [Reuters]
  • German leaders remain committed to austerity even as European countries continue to re-enter recessions. [Wall Street Journal]
  • BP’s profit fell 18.5 percent in the first quarter as it paid off claims related to the 2010 Gulf oil spill. [New York Times]
  • General Motors’ next CEO could be its first female chief executive. [Reuters]
  • The number of American families renting homes hit a 15-year high in the first quarter. [Housing Wire]
  • New York pension fund leaders plan to challenge Wal-Mart directors over the company’s bribery scandal at the next shareholder meeting. [New York Times]
  • More than 20 percent of adults ages 25 to 34 now live with their parents, the highest level since the 1950s. [Washington Post]