Econ 101: December 20, 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.

  • AT&T yesterday dropped its bid to acquire T-Mobile, which had been slowed by antitrust concerns. [Washington Post]
  • In 2011, gas took the biggest bite out of family budgets in 30 years. [Associated Press]
  • How members of Congress give hedge funds special access to information. [Wall Street Journal]
  • House Republicans last night refused to vote on the payroll tax cut bill advanced by the Senate, leaving the fate of that tax cut unresolved. [Washington Post]
  • Bank of America shares have fallen below $5 for the first time since 2009, making its stock worth less than its short-lived debit fee. [Bloomberg]
  • Colleges are paying their presidents millions while raising tuition. [CNN Money]
  • Eurozone finance ministers agreed yesterday “to boost IMF resources by 150 billion euros to ward off the debt crisis.” [Reuters]
  • A bipartisan pair of senators is urging the Federal Trade Commission “to take a hard look at whether Google is engaging in anticompetitive business practices.” [The Hill]