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Economy

Econ 101: December 6, 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.

  • Occupy Wall Street gets set to take on the housing crisis. [CNN Money]
  • Treasury Secretary Tim Geithner arrived in Europe today “for a three-day blitz of euro zone officials to urge them to take decisive action to backstop their currency union and resolve a crushing debt crisis.” [Reuters]
  • Congress is investigating how complex financial instruments are used by investors for the purpose of tax dodging. [Bloomberg]
  • Jon Corzine reportedly ignored several warnings that his firm, MF Global, was taking on too much risk before it collapsed. [Wall Street Journal]
  • Govs. Jerry Brown (D-CA) and Andrew Cuomo (D-NY) are looking at ways to increase taxes on the wealthiest taxpayers in their states. [Wall Street Journal]
  • The European Union is launching an antitrust investigation against Apple and five major publishing houses. [Associated Press]
  • House Budget Committee Chairman Paul Ryan (R-WI) plans to unveil a series of proposed changes to the congressional budget process today. [The Hill]
  • California public schools “face the prospect of slashing up to a week of instruction, canceling bus services, or laying off nonteaching staff in the middle of this school year” due to the state’s ongoing fiscal problems. [Education Week]

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