"Econ 101: October 15, 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.
- Federal Reserve Chairman Ben Bernanke is firing back at critics of the latest Fed effort to boost the economy. [Financial Times]
- The number of homes listed for sale in the U.S. fell 18 percent over the last year. [Bloomberg]
- But the practice of “flipping” houses for profit is on the rise again. [Washington Post]
- Profits from high-frequency stock trading are expected to drop this year. [New York Times]
- The Federal Trade Commissioner is considering suing Google for antitrust violations. [Bloomberg]
- Sprint, the third-largest wireless carrier in the U.S., is selling a 70 percent stake to the Japanese company SoftBank. [CNN Money]
- Social Security’s cost of living adjustment this year will be one of the smallest since the program adopted such increases in 1975. [Associated Press]