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Economy

Econ 101: July 27, 2012

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.

  • Facebook’s shares fell to a new low after the company lost $157 million in its first full quarter as a public company. [Time]
  • The Treasury Department released new details of a plan to crack down on global tax dodging yesterday. [Wall Street Journal]
  • The Justice Department is preparing to file charges this fall against traders involved in the LIBOR rate rigging scandal. [Bloomberg]
  • The House plans to vote on competing Republican and Democratic tax cut proposals next week. [Bloomberg]
  • Economists at Citigroup believe there’s a 90 percent chance that Greece will exit the Euro. [CNN Money]
  • House and Senate leaders are reportedly working on a six month funding measure that will prevent a government shutdown before November’s election. [The Hill]
  • House Democrats plan to introduce legislation to raise the estate tax back to its 2009 level. [The Hill]
  • Disability advocates have filed a lawsuit against Walmart, claiming that the retail giant’s stores are inaccessible. [Associated Press]

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