Econ 101: January 15, 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 number of underwater homeowners dropped by 4 million last year due to the recovering economy. [Bloomberg]
  • The German economy contracted in the fourth quarter of last year, following much of the rest of the Eurozone. [Wall Street Journal]
  • More Americans are tapping into their retirement savings before they actually retire. [Washington Post]
  • Walmart is planning to hire “every veteran who wants a job” over the next five years. [New York Times]
  • According to a new study, the more money parents provide for a student’s higher education, the lower that student’s grades. [New York Times]
  • The Chicago Transportation Authority has accused both United and American Airlines of dodging taxes. [Wall Street Journal]
  • The House Rules Committee rejected a number of attempts by House Republicans to cut down an aid package for the victims of Hurricane Sandy. [The Hill]