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Econ 101: October 7, 2011

By Pat Garofalo on October 7, 2011 at 8:00 am

"Econ 101: October 7, 2011"

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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.

  • President Obama “is scheduled to confer today with U.S. Senate Democratic leaders on a strategy for getting a vote” on his $447 billion jobs plan. [Bloomberg]
  • According to new data from the Census Bureau, “the percentage of Americans who owned their homes has seen its biggest decline since the Great Depression.” [CNN Money]
  • Germany and France are reportedly split “over how to strengthen shaky European banks and fight financial market contagion to prepare for a possible Greek default.” [Reuters]
  • House Democrats are calling on President Obama to replace Edward DeMarco, acting director of the Federal Housing Finance Agency, saying he “isn’t taking bold enough steps to turn around the real-estate crisis.” [Wall Street Journal]
  • President Obama yesterday accused China “of ‘gaming’ international trade by keeping its currency weak, but was cautious about a bill before the Senate aimed at pressing Beijing to revalue the yuan.” [Reuters]
  • The Commodity Futures Trading Commission “was a busy cop on Wall Street over the last 12 months, reaching record highs on enforcement activity.” [The Hill]
  • According to a study being released today, rising Chinese labor costs “could contribute to the creation of 3 million jobs in the U.S. by 2020.” [CNBC]
  • The number of U.S. workers without health insurance “is poised to grow as more workers take part-time or temporary jobs that don’t offer employer-provided health care.” [Huffington Post]

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