Econ 101: March 18, 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.

  • President Obama will officially nominate Thomas Perez as his next Labor Secretary today. [Washington Post]
  • Cyprus is struggling to avoid a bank run as it seeks to finance a bailout. [Bloomberg]
  • Wall Street made millions of dollars in fees off of Detroit’s financial crisis. [Bloomberg]
  • Federal regulators are investigating whether high-speed traders are intentionally distorting markets. [Wall Street Journal]
  • Strike Debt, an offshoot of Occupy Wall Street, has abolished $1.1 million in debt for more than 1,000 people. [CNN Money]
  • Two prominent attorneys general are calling on Obama to fire Federal Housing Finance Agency director Ed DeMarco. [New York Times]
  • Economists are calling on the United Kingdom to use spending to boost its economy. [CNBC]