Econ 101: October 10, 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.

  • Public school hiring hit its highest point in six years over the summer. [CNN Money]
  • The U.S. government sued Wells Fargo, alleging that the bank fraudulently approved loans that were backstopped by the federal government. [Bloomberg]
  • Toyota is recalling more than seven million vehicles, including 2.5 million in North America, because they contain faulty power window switches. [CBS News]
  • Analysts say that the effect of the so-called “fiscal cliff” would be severe, but gradual. [New York Times]
  • The next Congress will face several pressing higher education issues. [Inside Higher Ed]
  • A new lobbying group is organizing in order to protect the tax-exempt status of municipal bonds. [The Hill]
  • European banks are likely to offload $2.8 trillion in assets over the next two years. [Reuters]
  • The first ever strike of Walmart retail workers has now spread to 12 cities. [Huffington Post]