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Econ 101: November 2, 2011

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"Econ 101: November 2, 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.

  • Protesters at Occupy Oakland, one week after a police crackdown, “are calling for a general strike on Wednesday that will include an attempt to shut down the nation’s fifth-busiest shipping port.” [New York Times]
  • The biggest banks’ “brief experiment with charging customers to use their debit cards appears to be over.” [Wall Street Journal}
  • Mega-insurer AIG yesterday paid back $1 billion in bailout funds, according to the Treasury Department. [The Hill]
  • In the last 20 years, “elementary and middle school students have improved greatly in math, but their reading skills have stagnated.” [New York Times]
  • The Greek cabinet voted unanimously yesterday to support Prime Minister George Papandreou’s plan to hold a referendum on his country’s financial rescue package. [Bloomberg]
  • The FBI plans “to examine whether client funds are missing” from MF Global, the financial firm that collapsed into bankruptcy this week. [Wall Street Journal]
  • “More than 4 million mortgage borrowers who were foreclosed on between 2009 and 2010 will have a chance to request an independent review of how their foreclosure process was handled,” according to federal regulators. [CNN Money]
  • The credit rating agency Moody’s said yesterday that “the fate of the nation’s AAA credit rating does not hinge solely on the final product of the deficit supercommittee.” [The Hill]
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