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Econ 101: August 16, 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.

  • New York’s attorney general has subpoenaed seven big banks in an investigation of the LIBOR rate rigging scandal. [Financial Times]
  • Consumer prices were unchanged for the second straight month in July, providing the Federal Reserve with one more reason to take new measures to combat unemployment. [Reuters]
  • Spain is set to receive an emergency disbursement from its European Union bailout fund. [Bloomberg]
  • Two Democratic congressmen claim they have evidence that Walmart engaged in money laundering and tax evasion in Mexico. [Financial Times]
  • Consumer advocates were disappointed by new mortgage servicer regulations released by the Consumer Financial Protection Bureau. [The Hill]
  • U.S. factory production increased more than expected last month. [The Hill]
  • It’s likely that no criminal charges will be filed in the collapse of the investment firm MF Global. [CNBC]


Read The Full Article:
http://thinkprogress.org/economy/2012/08/16/697521/econ-081612/


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