Econ 101: October 25, 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.

  • Britain finally emerged from its double-dip recession last quarter, but mostly due to one-off factors like the Olympics. [Financial Times]
  • Foreclosures fell in 62 percent of the U.S.’s major metro areas last quarter. [CNN Money]
  • New home sales hit their highest point in two years last month. [The Hill]
  • Former Goldman Sachs director Rajat Gupta was sentenced to two years in prison and a $5 million fine for insider trading. [Wall Street Journal]
  • The Federal Reserve announced no new policies at the end of its latest meeting. [Wall Street Journal]
  • Many unemployed Greeks are going without health care due to the terms of their country’s international bailout. [New York Times]
  • The Education Department is not doing a good job overseeing funds for charter schools, according to an audit. [Education Week]