Econ 101: October 23, 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.

  • During last night’s debate, President Obama said that scheduled cuts in military spending due to the so-called sequester “will not happen.” [The Hill]
  • Banks are complaining about new capital requirements. [Businessweek]
  • Student loan borrowers that could benefit from a federal income-based repayment plan are not taking advantage of it. [Inside Higher Ed]
  • The price of farmland continues to rise, despite the drought gripping the central U.S. [New York Times]
  • Workers have filed a class-action suit against Walmart, alleging minimum wage and overtime violations. [New York Times]
  • U.S. home values increased by 1.3 percent last quarter, the largest increase since 2006. [Bloomberg]
  • Business groups are asking a federal court to undo rules requiring companies to disclose if they use so-called “conflict minerals.” [The Hill]
  • The U.S.’s free trade agreement with Panama will go into effect next week. [Reuters]