Econ 101: November 14, 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.

  • All of the world’s major economies are headed for a slowdown, according to the latest figures from the Organization for Economic Cooperation and Development. [Reuters]
  • New leaders in both Italy and Greece have been “rushing to form governments as they sought to limit the damage from the euro zone debt crisis on Monday.” [Reuters]
  • President Obama has warned leaders of the congressional fiscal supercommittee that “he will not accept any effort to turn off a mechanism enforcing spending cuts if the panel fails to reach a deal to reduce the deficit.” [The Hill]
  • The U.S. “is ramping up attempts to safeguard its financial system from a worsening of Europe’s debt crisis, joining nations in Asia, Latin America and elsewhere in trying to build firewalls.” [Reuters]
  • Obama yesterday also “kept up his pressure on China’s foreign-exhange policy and trade practices, saying ‘enough’s enough’ on what the U.S. views as a too-slow appreciation of the yuan. ” [Bloomberg]
  • Bank have been imposing “a quiet creep of new charges and higher fees for everything from cash withdrawals at ATMs to wire payments.” [New York Times]
  • The White House is considering former Treasury official Jerome Powell, a Republican, for a seat on the Federal Reserve Board. [Wall Street Journal]
  • Canada and Mexico yesterday expressed interest “in joining talks on an Asian-Pacific trade agreement.” [The Hill]