Econ 101: January 4, 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.

  • Mitt Romney edged out Rick Santorum by just eight votes to win the Iowa caucuses last night. [New York Times]
  • The U.N.’s Food and Agriculture Organization does not expect a significant drop in food prices in 2012. [Reuters]
  • Construction spending rose in November, but is still far below normal levels. [The Hill]
  • Federal Reserve officials plan to “begin detailing their plans for short-term interest rates, a move that could show that the central bank’s easy-money policies will remain in place for years.” [Wall Street Journal]
  • Analysts expect bank earnings to increase by 57 percent this year. [Bloomberg]
  • The Department of Justice has charged three Swiss bankers with “conspiring to help US citizens evade taxes on $1.2bn in assets.” [Financial Times]
  • The failed investment firm MF Global reportedly “unloaded hundreds of millions of dollars’ worth of securities to Goldman Sachs in the days leading up to its collapse.” [Reuters]
  • According to a new report, “regulators have missed roughly three-quarters of the deadlines for implementing the Dodd-Frank financial reform law through 2011.” [The Hill]