Econ 101: November 21, 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.

  • Hostess renewed plans to liquidate after it and its labor union failed to reach a deal in mediation talks. [New York Times]
  • European leaders failed to reach an agreement over more aid for Greece. [New York Times]
  • Two senators have proposed an emergency back-up plan in case fiscal cliff negotiations fail. [The Hill]
  • New housing starts rose to their highest level in four years in October. [Reuters]
  • U.S. food banks are short on food heading into the holidays after the worst drought in 50 years. [Reuters]
  • New York’s attorney general filed suit against Credit Suisse for deceiving investors about mortgage-backed securities. [The Hill]
  • Hewlett-Packard announced an $8.8 billion writedown due to accounting fraud by a company it acquired last year. [Bloomberg]