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Econ 101: August 30, 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.

  • Citigroup has agreed to pay $590 million to settle claims that it deceived investors during the financial crisis. [Wall Street Journal]
  • The Romney campaign is promising to flesh out details of Romney’s tax and spending plans before the November election. [Politico]
  • Chicago Public School teachers gave their 10-day notice of intent to strike, as they work on a new contract with the city. [New York Times]
  • The Commerce Department revised its estimate for second quarter economic growth up to 1.7 percent. [New York Times]
  • Barclays — the bank at the center of a rate-rigging scandal — has named a new CEO. [New York Times]
  • European Central Bank chief Mario Draghi is pushing back against German criticism. [Financial Times]
  • Hurricane Isaac is expected to cause up to $1.5 billion in damage. [CNN Money]
  • Pending home sales hit their highest level in two years in July. [The Hill]
  • The French government is proposing a plan to publicly cover most of the cost for employers to hire young workers. [Huffington Post]

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