Econ 101: January 10, 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.

  • The Consumer Financial Protection Bureau will lay out new rules for home mortgages today. [Wall Street Journal]
  • A new study shows that college graduates weathered the recession better than those without a degree. [New York Times]
  • Chinese authorities are investigating allegations of bribery at Foxconn, a controversial manufacturer of Apple products. [CNN Money]
  • California’s budget situation is looking up due to tax hikes approved by voters. [Associated Press]
  • Speaker of the House John Boehner (R-OH) is feeling some heat for his pronouncement that he’d be okay with the defense cuts scheduled to take place in two months. [The Hill]
  • Robert Khuzami, the head of the Securities and Exchange Commission’s enforcement division, is stepping down. [Washington Post]
  • Maryland is at risk of losing some of the $40 million it won under President Obama’s Race to the Top program. [Education Week]
  • Why changing the Basel bank rules was a bad idea. [Reuters]