Econ 101: November 10, 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.

• During a primary debate last night, GOP presidential candidates “drew a bright line against government help for the private economy…whether it’s to bail out the U.S. auto industry at home or ease a debt crisis in Italy that could threaten the world economy.” [McClatchy]

• Jefferson County, Alabama, yesterday, “filed the biggest U.S. municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart.” [Bloomberg]

• Negotiations in Greece continue over who will succeed Prime Minister George Papandreou and head an interim government. [New York Times] Update: Lucas Papademos, a former Greek and European central banker, will take over as interim prime minister.

• The number of foreclosures rose again in October, “as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year.” [CNN Money]

• Italian President Giorgio Napolitano said yesterday “that his country in coming days will adopt a series of austerity measures promised to the European Union.” [CNN Money]

• A new poll of Baby Boomers finds “73 percent planning to work past retirement, up from 67 percent this spring.” [Associated Press]

• According to call transcripts, Sen. Lindsey Graham (R-SC) “called the National Labor Relations Board (NLRB) and threatened to go after the agency ‘full guns a-blazing’ if they filed a complaint against Boeing.” [The Hill]

• The Obama administration is delaying implementation of a 15-cent-per-tree fee that the Christmas tree industry asked for, after conservatives complained. [The Hill]