Econ 101: November 3, 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.

  • According to a new report, members of the class of 2010 “who took out loans to fund their college education owed an average of $25,250, 5% more than the class of 2009 owed.” [CNN Money]
  • Thousands of Occupy Oakland protesters rallied last night at the Port of Oakland, and the port’s director of external affairs “said that maritime operations ‘are effectively shut down.'” [Los Angeles Times]
  • European leaders yesterday demanded that Greece “declare whether it wants to stay in the euro currency union—or risk going it alone in a dramatic secession.” [Wall Street Journal]
  • A federal judge ruled yesterday to “allow Sprint and regional carrier C Spire Wireless to move forward with their lawsuits against the merger of AT&T and T-Mobile.” [The Hill]
  • According to a new report, “the majority of colleges are failing to provide public information on graduation rates for low-income students.” [Inside Higher Ed]
  • A state judge “has ruled that Illinois can move forward with a lawsuit alleging that Wells Fargo & Co. steered minority borrowers into risky mortgages at the height of the housing bubble.” [Wall Street Journal]
  • The number of Americans living in neighborhoods wracked by poverty “surged in the last decade, erasing the progress of the 1990s.” [Bloomberg]
  • House Republicans yesterday “rejected an attempt by Democrats to subpoena the CEOs of BP and the other companies blamed for last year’s massive Gulf of Mexico oil spill.” [The Hill]