Econ 101: September 7, 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 was officially nominated for a second term last night; he outlined plans to create one million manufacturing jobs and find $4 trillion in deficit reduction. [New York Times]
  • The overall cost of Pell Grants declined this year, even though 58,000 more students benefited from the program. [Inside Higher Ed]
  • The Dow Jones industrial average yesterday closed at its highest level since December 2007. [Los Angeles Times]
  • Investors expect LIBOR — the interest rate at the center of a rigging scandal — to be replaced within five years. [Bloomberg]
  • A federal judge yesterday approved a settlement with three publishers accused of colluding to fix prices for e-books. [CNN Money]
  • Chicago public school teachers are prepared to go on strike on Monday after rejecting the city’s latest contract proposal. [Chicago Sun-Times]
  • Twitter is expected to earn twice as much as Facebook in mobile advertising this year. [Financial Times]
  • A typo may prevent Albuquerque from raising its minimum wage. [Associated Press]