Econ 101: April 17, 2012

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 World Bank has chosen Dr. Jim Yong Kim as its next president, sticking with the U.S. nominee. [Financial Times]
  • Retail sales increased 0.8 percent in March, an indication of growing consumer confidence. [Wall Street Journal]
  • Congress is expected to begin debating Postal Service reform as early as this week. [CNN Money]
  • Japan yesterday became the first non-European country to pledge money to the International Monetary Fund for the purpose of containing Europe’s debt crisis. [Reuters]
  • Reported mortgage foreclosure scams have shot up 60 percent in 2012, according to a new report. [Huffington Post]
  • States are spending their shares of the Race to the Top education fund money at a sluggish pace. [Education Week]
  • 17 House of Representatives Democrats have filed a friend-of-the-court brief in defense of a rule curbing speculation in commodities markets. [Reuters]
  • Among rich nations, the U.S. trails in terms of its retirement benefits. [CNBC]