Econ 101: May 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.

  • Facebook wants to raise $10.6 billion in what would be the tech industry’s largest ever IPO. [Reuters]
  • American officials won economic concessions from China at annual meetings today. [New York Times]
  • Goldman Sachs CEO Lloyd Blankfein is taking on a more public profile in an attempt to rebuild the company’s image. [New York Times]
  • House leaders are nearing a deal to reauthorize the Export-Import Bank and raise its loan limit to $140 billion. [Politico]
  • Germany could be the next European country to enter recession. [CNN Money]
  • AIG is inching closer to paying back the government bailout funds it received in 2008. [CNN Money]
  • BP will not face a trial for the 2010 Gulf oil spill until 2013, a federal judge said Thursday. [Wall Street Journal]
  • Nike says it will raise its labor standards at factories in China, Indonesia, and Vietnam, where 90 percent of its shoes are made. [Bloomberg]