Econ 101: April 30, 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.

  • Major cities around the U.S. are re-examining new Wal-Mart building permits in the wake of its Mexican bribery scandal. [New York Times]
  • Spain’s economy officially entered another recession in the first quarter of 2012. [Reuters]
  • Europe’s “narrow focus” on austerity could throw the entire continent back into recession, according to a report released today. [CNBC]
  • Growth in health care spending has unexpectedly slowed, providing optimism about the federal government’s fiscal future. [New York Times]
  • House Republicans approved a plan to avoid a student loan interest rate hike that is paid for by cutting health care reform funds. [Bloomberg]
  • Student loan debt is preventing many young Americans from buying homes. [New York Times]
  • Large businesses are increasingly likely to recruit women with the potential to become chief executives. [Wall Street Journal]
  • Wall Street banks are on the verge of cutting thousands of jobs. [CNN Money]