Econ 101: July 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.

  • Home prices in the 2nd quarter rose from the same period last year for the first time since 2007, according to one index. [Wall Street Journal]
  • Moody’s lowered its outlook on Germany’s credit rating amid new fears about the European debt crisis. [Washington Post]
  • Enrollment has dropped in half of the nation’s largest school districts, forcing layoffs and school closures. [New York Times]
  • Congress is pressing the New York Fed for details of its knowledge of the Libor rate-rigging scandal. [New York Times]
  • With no immediate plan to pass a farm bill, the House may seek emergency aid to help farmers make it through the current drought, a top Republican says. [Politico]
  • The Obama administration unveiled a form to make it easier for students to better compare college financial aid offers. [Reuters]
  • The number of California homes entering foreclosure has dropped to a five-year low. [Los Angeles Times]