Econ 101: February 6, 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.

  • Nasdaq is negotiating a penalty with U.S. regulators over its botched handling of Facebook’s IPO. [Los Angeles Times]
  • President Obama yesterday demanded legislation to replace the spending cuts scheduled to occur in early March. [The Hill]
  • Some U.S. economists want to abolish the U.S. patent system. [Huffington Post]
  • The Royal Bank of Scotland will have to pay $627 million to British regulators for its role in a global rate-rigging scandal. [Reuters]
  • Dell plans to go private in a $24 billion deal, the largest since 2007. [New York Times]
  • China’s leaders unveiled a plan meant to reduce the nation’s income inequality. [CNN Money]
  • The Federal Reserve this week said that its website was briefly breached by hackers. [Reuters]