Econ 101: August 27, 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.

  • Mitt Romney is unlikely to detail new policy details during this week’s Republican convention. [Wall Street Journal]
  • Private spending on colleges dropped 13 percent over the last two years. [Inside Higher Ed]
  • Apple won more than $1 billion after a jury ruled that Samsung has infringed on several of its patents. [Bloomberg]
  • The insurance industry is facing its largest ever agriculture loss due to the drought gripping the U.S. [Financial Times]
  • Chicago Federal Reserve President Charles Evans today called for the central bank to launch a new round of monetary stimulus. [Reuters]
  • The Federal Communications Commission is investigating a proposal to tax broadband internet service. [The Hill]
  • Spain expects to use about $75 billion in European funds to rescue its banking sector. [New York Times]
  • Banks are training their employees how to avoid saying stupid things at the bar. [CNBC]