Econ 101: August 28, 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.

  • President Obama declared a state of emergency in Louisiana yesterday, as the state prepares for Tropical Storm Isaac. [The Hill]
  • GM and Chrysler have both said that political candidates will not be allowed to campaign on their property this year. [CNN Money]
  • Los Angeles has sued U.S. Bancorp for failing to maintain foreclosed properties; the city called the bank a “slumlord.” [Reuters}
  • A Michigan court gave the go-ahead to a ballot initiative that would enshrine collective bargaining rights in the state’s constitution. [Reuters]
  • Spain’s recession deepened even further in the second quarter of this year. [Bloomberg]
  • Mergers of small and medium-sized banks are on the rise. [Washington Post]
  • Apple is seeking the ban of eight Samsung phones, after a court ruled that Samsung infringed on Apple’s patents. [CNBC]