Econ 101: November 7, 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.

  • President Obama handily won reelection last night, while Democrats retained control of the Senate and Republicans held the House. Full election results can be found here.
  • Michigan voters rejected an amendment that would have enshrined collective bargaining rights in the state constitution. [Detroit News]
  • Government backed mortgage giant Freddie Mac has made a profit for two consecutive quarters. [The Hill]
  • A new set of forecasts by the European Commission shows unemployment staying high in the EU through 2013. [New York Times]
  • Greece will vote on a new set of austerity measures today, as workers continue to strike against further budget cuts. [Reuters]
  • JP Morgan Chase is reportedly close to a settlement with regulators over charges that Bear Stearns, which JP Morgan owns, misled investors. [Wall Street Journal]
  • Education policy advocates want the Education Department to hold states more accountable for graduation rates. [Education Week]