Econ 101: October 5, 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.

  • Budget cuts scheduled for January 1 could result in the loss of 277,000 federal jobs. [CNN Money]
  • Greece’s prime minister said yesterday that his country can’t make it beyond November without receiving its next round of international aid. [CNBC]
  • U.S. factory orders fell by 5.2 percent in August, the biggest drop in more than three years. [Wall Street Journal]
  • Private college tuition rose by 3.9 percent for the 2012 academic year, the first time since 1972 that the increase has been less than 4 percent. [CNN Money]
  • Walmart workers in southern California staged a one-day strike yesterday. [New York Times]
  • At its last meeting, the Federal Reserve Board considered implementing a trigger, such as a certain level of unemployment, that would signal when it planned to tighten monetary policy. [Financial Times]
  • The new head of the World Bank said he will unveil a set of reforms for the institution next week. [Reuters]
  • Federal and state regulators are investigating potentially problematic mortgage backed securities sold by Credit Suisse. [Reuters]