Econ 101: October 25, 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.

  • President Obama “will take executive action to help military veterans find work, bypassing congressional Republicans to show voters he is serious about creating jobs.” [Reuters]
  • Pennsylvania Governor Tom Corbett (R) “declared a fiscal emergency for Harrisburg on Monday, putting the state one step closer to a takeover of its capital city.” [Reuters]
  • House Democrats said yesterday that new Obama administration foreclosure prevention efforts don’t “go nearly far enough to help the millions of homeowners still struggling from the housing bust.” [The Hill]
  • Banks that hold Greek government bonds “have ‘nothing approaching a done deal yet’ with the European Union on how much of a loss to take on Greek debt.” [CNBC]
  • New York Federal Reserve Bank President William Dudley said yesterday “that the central bank could take further action to try to boost economic growth, including more securities purchases.” [Wall Street Journal]
  • CEO compensation “now exceeds pre-recession levels” but the majority of corporate shareholders “don’t seem to mind.” [Huffington Post]
  • According to a new study, “the housing crisis has made young people less confident in the idea of homeownership, while its had the opposite effect on older Americans.” [Huffington Post]