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 credit rating agency Moody’s yesterday downgraded 15 of the world’s biggest banks, including Bank of America and Goldman Sachs. [Associated Press]
- According to a new report, up to 95 million low-skill workers worldwide could be without jobs by 2020. [Wall Street Journal]
- The Senate passed its version of the farm bill yesterday by a vote of 64-35. [New York Times]
- China’s factory sector has been shrinking for eight consecutive months. [Reuters]
- Independent auditors believe that Spanish banks need $62 billion in extra capital. [Reuters]
- Some European banks may be artificially boosting measures of their financial health. [Wall Street Journal]
- The investment house Merrill Lynch has been fined $2.8 million dollars for overcharging customers by $32 million. [Associated Press]