Econ 101: September 6, 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.

  • Greeks are opposed to deeper budget cuts demanded by their country’s creditors. [New York Times]
  • The European Central Bank will formally unveil a new plan today to buy distressed eurozone debt. [Financial Times]
  • Another trader is under investigation for participating in JP Morgan’s $9 billion trading debacle. [Reuters]
  • Michigan’s Supreme Court ruled that a proposal to enshrine collective bargaining rights in the state’s constitution can appear on the ballot in November. [Wall Street Journal]
  • The Organization for Economic Cooperation and Development is predicting that Germany will fall into a recession during the second half of this year. [New York Times]
  • Asking prices for homes last month hit their highest level since the recession. [The Hill]
  • The Commodity Futures Trading Commission ignored warnings that banks were gaming a key interest rate 15 years ago. [American Banker]