Econ 101: October 19, 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.

  • European leaders agreed today to have a new continent-wide bank regulator in place by 2014. [Washington Post]
  • Student and parent groups in five cities are calling for a moratorium on school closings. [Education Week}
  • Amtrak will start testing trains running at a speed of 110 miles per hour between Chicago and St. Louis. [Associated Press]
  • Military personnel are being denied important student loan benefits, according to a new report. [The Hill]
  • The World Trade Organization sided with the U.S. in a dispute over Chinese steel exports. [The Hill]
  • The IRS increased the amount workers can contribute to their retirement accounts by $500. [CNN Money]
  • Several bankers who worked for General Electric’s finance arm have been sentenced to prison for attempting to rig the municipal bond market. [Reuters]