Econ 101: August 14, 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.

  • The Eurozone economy contracted by 0.2 percent last quarter, in line with expectations. [CNBC]
  • Bank lending for automobiles has hit its highest level since the first quarter of 2009. [Wall Street Journal]
  • A new industry survey shows that bank fees are on the rise. [CNN Money]
  • The White House is hopeful that Congress is going to renew a $12 billion wind power tax credit. [Reuters]
  • The UK is planning new measures to boost its housing sector. [Financial Times]
  • The Treasury Department reported that the federal rescue of GM and Chrysler will cost about $3.4 billion more than originally thought. [Reuters]
  • A financial reform rule requiring municipal bond advisers to look out for the interests of taxpayers is stuck in legislative limbo. [New York Times]