Econ 101: April 25, 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 United Kingdom’s economy shrank in the first quarter of 2012, pushing the country into its first double-dip recession since the 1970s. [Bloomberg]
  • Walmart, which was caught bribing officials in Mexico, was part of an aggressive lobbying effort to water down anti-bribery laws. [Washington Post]
  • House leaders believe that a deal to reauthorize the Export-Import bank will be struck shortly. [Politico]
  • Hundreds of smaller banks can’t afford to pay back their federal bailout funds. [Wall Street Journal]
  • The Securities and Exchange Commission is investigating major entertainment companies’ dealings with China. [Reuters]
  • Apple’s profits nearly doubled last quarter, jumping to $11.6 billion. [Wall Street Journal]
  • One of the nation’s largest collectors of medical debt has been caught harassing patients who were in the hospital. [New York Times]
  • A anti-union measure pushed by Senate Republicans failed yesterday on a 45–54 vote. [Huffington Post]