Econ 101: November 9, 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.

  • Will Senator-elect Elizabeth Warren (D-MA) get a seat on the Banking Committe? [Reuters]
  • New York City will begin gas rationing today, as the city slowly recovers from Hurricane Sandy. [Bloomberg]
  • Temporary positions are making up a smaller percentage of new jobs in the U.S. [Bloomberg]
  • McDonald’s monthly sales figures fell last month for the first time since 2003. [Associated Press]
  • The U.S. trade deficit is at its lowest level in almost two years. [Financial Times]
  • JP Morgan Chase has settled with regulators over charges that Bear Stearns, which is owned by JP Morgan, misled investors in mortgage backed securities. [Wall Street Journal]
  • Federal workers want their pay unfrozen. [CNN Money]
  • The economic output of China and India will surpass that of the entire Organization for Economic Cooperation and Development by 2060. [CNBC]