Econ 101: October 6, 2011

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.

  • Apple Inc. chairman and co-founder Steve Jobs passed away yesterday at the age of 56. [Wall Street Journal]
  • Regulators plan to vote next week on a draft version of the Volcker Rule, “the latest step toward reining in risk-taking on Wall Street in the aftermath of the financial crisis.” [New York Times]
  • The 99 Percent Movement is slated to come to Washington today for a protest in Freedom Plaza. [Washington Post]
  • Democratic members of Congress “have begun to embrace the Occupy Wall Street protests as they spread to Washington on Thursday, with some likening the movement to a Tea Party of the left.” [The Hill]
  • Fannie Mae and Freddie Mac’s “policy against debt forgiveness, or principal reduction, has blocked widespread use of what many have come to believe is an indispensable tool for fixing the housing problem.” [New York Times]
  • A new study from the Brooking Institution finds that “reduced income is likely to be permanent for workers who become unemployed during an economic downturn.” [CNN Money]
  • The National Labor Relations Board yesterday “postponed the start date of a rule requiring employers to post a notice informing workers of their rights to join a union.” [Wall Street Journal]
  • The House Ways and Means Committee yesterday “strongly backed deals with South Korea, Colombia and Panama, setting them on course for expected final approval.” [Reuters]