links for 2009-05-12

• Be wary of global governance standards - Lucian Bebchuk
• China cuts lending amid asset bubble fears - FT
• Confused American liberals and conservatives need to get out more - Easterly
• Stress tests unleash fee bonanza - FT Alphaville
• Bernanke Encouraged by Banks’ Plans, Seeks Self-Tests - Bloomberg.com
• Federal Expenditures on Infants and Toddlers in 2007 - Urban Institute
• Obama on Health Reform: The Dog That Didn't Bark - Robert Reich's Blog
• Is conspicuous consumption dead? - News N Economics
• Rig counts still falling - FT Alphaville