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Econ 101: June 12, 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.

  • Some JP Morgan Chase officials were alerted two years ago to the risky trades that have cost the bank billions. [Wall Street Journal]
  • Federal Reserve officials are voicing their concerns about the ongoing European financial crisis. [Reuters]
  • Eurozone worries are shifting from Spain to Italy. [New York Times]
  • A loophole is causing problems for regulators investigating executives from the failed investment firm MF Global. [Wall Street Journal]
  • Apple and Facebook are teaming up to take on Google. [Financial Times]
  • U.S. states are forecasting that revenue for the upcoming fiscal year will be the highest in five years. [Associated Press]
  • A new study found that the more corporations spend on lobbying, the worse they perform financially. [Reuters]

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