Econ 101: February 20, 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.

  • Greek workers held a general strike today to protest against austerity. [Bloomberg]
  • Bank of America’s CEO is receiving a 73 percent pay hike. [Reuters]
  • Gas prices have increased 45 cents in the past month, the fastest run-up since 2005. [Washington Post]
  • Banks increased their lending to businesses in the fourth quarter of 2012. [Wall Street Journal]
  • Michigan is moving closer to a state takeover of the city of Detroit. [New York Times]
  • European lawmakers have failed to cut a final deal on a new set of bank regulations. [Bloomberg]
  • Rep. Maxine Waters (D-CA) is pressing federal regulators for more information on why they ended a foreclosure review program. [The Hill]
  • A federal education commission released a plan to close America’s “staggering” achievement gap. [Education Week]