Econ 101: April 24, 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.

  • Allegations that Walmart bribed Mexican government officials has sparked a a Department of Justice investigation. [Bloomberg]
  • European austerity programs are coming under criticism as one European nation after the next falls into recession. [New York Times]
  • Austerity measures are leading to higher debt in European nations, according to a new analysis. [CNBC]
  • According to the latest Trustees’ report, Social Security can pay full benefits until 2033 and 75 percent of benefits after that, unless the program is changed. [Associated Press]
  • The White House and Senate Democrats are looking to close a business tax loophole in order to pay for an extension of the current interest rates on federal student loans. [Wall Street Journal]
  • Facebook’s profits and revenue fell in the first quarter of 2012, just weeks before the company goes public. [Financial Times]
  • A judge ruled yesterday that tweets written by Occupy protesters are fair game for prosecutors. [Reuters]
  • Common education standards adopted by most states three years ago are in the process of being implemented. [Education Week]