Econ 101: October 22, 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.

  • Some Democrats are looking to extend the payroll tax cut that is scheduled to expire in 2013. [Financial Times]
  • Greece’s economy is projected to contract by another 4 percent next year. [Bloomberg]
  • Sales of existing homes fell slightly in November. [The Hill]
  • China’s government is reportedly looking to implement “ambitious” economic reforms after its upcoming leadership change. [Reuters]
  • The Eurozone’s collective deficit fell last year, but that didn’t stop public debt from rising. [Reuters]
  • European leaders expect to craft a deal to rescue Spain’s banks by the end of the year. [New York Times]
  • Facebook campaign advertisements aren’t effective, according to a new study. [The Hill]