Econ 101: January 30, 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.

  • Spain’s economy contracted again in the fourth quarter of last year as austerity continues to crush the country’s growth. [Wall Street Journal]
  • Congressional lawmakers are not optimistic that automatic spending cuts scheduled for March can be averted. [Washington Post]
  • Eurozone countries could raise up to €35 billion from their planned financial transactions tax. [Financial Times]
  • Home prices in November increased by their largest amount in six years. [Reuters]
  • Toyota is recalling 1 million cars due to faulty airbags and windshield wipers. [CNN Money]
  • U.S. regulators want Boeing to provide a full history of the faulty batteries found in some of its planes. [Associated Press]
  • Wall Street doesn’t quite know how to handle a Republican proposal to increase taxes on derivatives. [The Hill]
  • Failed investment house MF Global may be nearing the end of its trip through bankruptcy. [New York Times]
  • The Education Department is investigating complaints that plans to close schools in some cities discriminate against minority students. [New York Times]