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Econ 101: July 18, 2012

By Pat Garofalo and Travis Waldron on July 18, 2012 at 8:00 am

"Econ 101: July 18, 2012"


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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.

  • Investors are essentially paying several countries to borrow money. [Financial Times]
  • Federal Reserve Chairman Ben Bernanke provided few clues yesterday during testimony before Congress about whether the Fed is prepared to do more to boost the economy. [Reuters]
  • An executive for the mega-bank HSBC resigned during a Senate hearing yesterday, following allegations that the bank laundered money for Mexican drug cartels. [Financial Times]
  • Middle age Americans are struggling the most to pay back their student loans, according to new data from the Federal Reserve Bank of New York. [Wall Street Journal]
  • Senate Democrats are proposing a plan that would let the Bush tax cuts for the wealthy expire, while not forcing the GOP to vote for a tax increase. [New York Times]
  • The Obama administration today unveiled a $1 billion plan to reward high-performing teachers. [Associated Press]
  • Retail groups believe that their push to implement a national online sales tax is gaining momentum. [The Hill]

GOP Sen. Ignores Reforms Sought By His State, Falsely Claims Obama Scrapped Welfare Reform With ‘Stroke Of A Pen’

Tea Party Senator Warns That The Federal Government May Soon Take Over The Internet

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