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Economy

Econ 101: August 31, 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.

  • Federal Reserve Chairman Ben Bernanke speaks in Jackson Hole, Wyoming, today on whether the central bank will take new steps to boost the economy. [Washington Post]
  • The number of people out of work in Europe reached another record in July; the Eurozone’s unemployment rate stands at 11.3 percent. [Wall Street Journal]
  • Consumer spending and personal income both rose in July, according to the Commerce Department. [The Hill]
  • Hundreds of thousands of homes remain without power in the wake of Hurricane Isaac. [Associated Press]
  • According to a draft proposal, Greece plans to further slash pensions and public sector wages to comply with the terms of its European bailout. [Reuters]
  • India’s economic growth hit a three-year low last quarter. [Financial Times]
  • The World Bank is urging world governments to bolster safety nets for the poor, in light of rising food prices. [The Hill]
  • Republicans at the National Convention this week were divided over whether or not to embrace common standards for education. [Education Week]

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