Econ 101: January 8, 2013

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.

  • Eurozone unemployment hit yet another record high of 11.8 percent in November. [Financial Times]
  • President Obama is reportedly close to naming a replacement for outgoing Treasury Secretary Tim Geithner. [Bloomberg]
  • Bank of America has agreed to pay the federal government $11 billion to settle a dispute over bad mortgages. [New York Times]
  • State and local governments are expected to add employees this year, after slashing 500,000 positions over the last five years. [Bloomberg]
  • Landlords increased apartment rents in 2012 by the largest amount since 2007. [Wall Street Journal]
  • Japan’s government is set to unveil a new stimulus package for the country’s moribund economy. [Financial Times]
  • Some Congressional Democrats want President Obama to go to court against Republicans over the debt ceiling. [The Hill]