Tumblr Icon RSS Icon

Econ 101: June 5, 2012

By Pat Garofalo and Travis Waldron  

"Econ 101: June 5, 2012"


google plus icon

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.

  • The G7 will hold an emergency meeting today to discuss options for dealing with Europe’s economic troubles. [Financial Times]
  • Germany is reportedly open to a “grand bargain” that would involve aid for struggling euro nations in exchange for more centralized fiscal control. [New York Times]
  • According to an inspector general’s report, the Office of the Comptroller of the Currency, which regulates national banks, dropped the ball by failing to uncover foreclosure fraud. [Huffington Post]
  • Nearly 80 percent of the nation’s transit agencies raised fares or cut service last year. [Wall Street Journal]
  • President Obama urged Congress yesterday to pass the Paycheck Fairness Act; the Senate is holding a procedural vote on the bill today. [Reuters]
  • New York City Mayor Mike Bloomberg reportedly turned down an offer from the Obama administration to run the World Bank. [The Hill]
  • Facebook’s stock is down almost 30 percent since its initial public offering. [CNN Money]

‹ VIDEO: DC Activists Protest JP Morgan’s Refusal To Offer Local Homeowner Mortgage Help

Wall Street CEO Pay Jumped By More Than 20 Percent In 2011 ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.