Econ 101: December 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.

  • UBS will pay $1.5 billion to settle charges that it rigged a key interest rate. [Wall Street Journal]
  • Government officials may have known about the rate rigging by UBS and others as early as 2008. [Financial Times]
  • Tens of thousands of young people are struggling with homelessness as a result of the Great Recession. [New York Times]
  • Greek civil servants launched a 24-hour strike to protest against austerity. [Associated Press]
  • Speaker of the House John Boehner (R-OH) is busy pitching his “Plan B” — a tax increase on millionaires — to the GOP caucus. [The Hill]
  • The White House has reportedly approached American Express CEO Kenneth Chenault about being the next Treasury Secretary. [Bloomberg]