Econ 101: October 14, 2011

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.

  • A city-ordered cleanup of the park where Occupy Wall Street protesters have camped out “was postponed early Friday, sending cheers up from a crowd that had feared the effort was merely a pretext to evict them.” [Associated Press]
  • A dozen Ocuppy Wall Street protesters “were arrested Thursday afternoon as they tried to stop a foreclosure auction inside a courthouse in Brooklyn, N.Y.” [iWatch News]
  • The Obama administration is considering a new plan to “draw private investment back into the government-dominated mortgage market.” [Wall Street Journal]
  • “A majority of states have officially signaled that they plan to seek” waivers from No Child Left Behind offered by the Obama administration. [Education Week]
  • Members of the G20 are meeting this weekend and are reportedly “considering a boost for the International Monetary Fund’s lending capacity to help the euro zone tackle its deepening debt crisis.” [Wall Street Journal]
  • Former trader Raj Rajaratnam “was sentenced Thursday to 11 years in prison,” the longest ever sentence for insider trading. [Washington Post]
  • Standard & Poor’s yesterday “cut Spain’s long-term credit rating, citing the country’s high unemployment, tightening credit and high private sector debt.” [Reuters]
  • Visa and Mastercard are facing a lawsuit alleging that they “violated antitrust laws by fixing the price of ATM access fees.” [Reuters]