Economy

Econ 101: January 23, 2012

CREDIT:

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.

  • Many economists are pushing President Obama to do more to aid the still slumping housing market. [Wall Street Journal]
  • Congressional Democrats are continuing to push the Federal Housing Finance Agency to allow Freddie Mac and Fannie Mae to write down mortgage principal for troubled homeowners. [The Hill]
  • State spending on higher education has fallen 7.6 percent for the 2011-2012 school year, the largest decline in 50 years. [Inside Higher Ed]
  • Negotiations to avoid a Greek default on its debt have bogged down again, with bondholders saying they’ve made their “maximum offer.” [Financial Times]
  • Is China’s property bubble headed for a big burst? [CNN Money]
  • Housing is more affordable in the U.S. than in other English-speaking countries. [Reuters]
  • U.S. companies expect the economy to get better in the next six months, but few plan to pick up hiring, according to a new survey. [Reuters]
  • IKEA workers at a Maryland distribution center voted to unionize, the second U.S. based IKEA workforce to join a union. [Huffington Post]