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 Justice Departmane yesterday “sued to block AT&T’s $39 billion pursuit of T-Mobile, saying the deal would leave consumers with fewer choices and higher bills for mobile phone service that has become ‘indispensable’ to the way Americans live and do business.” [Washington Post]
- A solar panel manufacturer “that served as a showcase for the Obama administration’s effort to create jobs in clean technology shut down Wednesday, leaving 1,100 people out of work and taxpayers obligated for $535 million in federal loans.” [Washington Post]
- “Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing,” which involves banks approving foreclosure documents without reviewing them. [CNBC]
- “A national infrastructure bank that would entice private investors into road and rail projects could be a major part of the jobs package” that President Obama plans to unveil next week. [Associated Press]
- According to a new survey, “the vast majority of Americans say labor unions raise wages and better working conditions…Yet despite those benefits, Americans have almost never disliked [unions] more.” [Huffington Post]
- The credit rating agency Standard & Poor’s “is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it assigns the U.S. government.” [Bloomberg]
- The stock of “one out of every 10 companies in the S&P 500 index — including stalwarts like Apple and JPMorgan Chase — is now cheaper than during the 2008-2009 market meltdown.” [Reuters]
- The Education Department has made it easier for “school districts that want to reduce special education spending from one year to the next [to do so] without restoring what was cut.” [Education Week]
- Records show that “about twice as many public school teachers [in Wisconsin] decided to hang it up in the first half of this year as in each of the past two full years, part of a mass exit of public employees” that has followed the passage of Gov. Scott Walker’s controversial collective bargaining restrictions. [Associated Press]
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