Econ 101: May 1, 2013

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.

  • Workers will rally across the world for better pay and working conditions to mark May Day today. [USA Today]
  • President Obama will today nominate former Rep. Mel Watt to head the Federal Housing Finance Administration, which oversees mortgage giants Fannie Mae and Freddie Mac. [Politico]
  • The Senate Environment and Public Works Committee will investigate the Texas fertilizer plant explosion. [Reuters]
  • Top Democrats are rejecting Republican calls to link a debt ceiling increase to comprehensive tax reform. [The Hill]
  • American and international banks are renewing their fight against regulatory efforts to rein in risky derivatives trading. [New York Times]
  • Home prices rose at their fastest pace in seven years in February. [Reuters]
  • A hacked tweet that caused a brief market meltdown highlights the need to rein in high-speed trading, a top regulator said. [Wall Street Journal]