Econ 101: December 11, 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.

  • Protesters are expected to march on the Michigan capital today as lawmakers consider a so-called “right-to-work” law. [Reuters]
  • HSBC will pay a record fine of $1.9 billion to settle with U.S. regulators who allege that the bank laundered cash for drug cartels and terrorists. [Reuters]
  • U.S. students continue to trail behind those from top-achieving nations on the Trends in International Mathematics and Science Study test. [Wall Street Journal]
  • The Treasury Department is planning to sell off its final shares in insurance giant AIG, which received a federal bailout in 2008. [Washington Post]
  • The National Intelligence Council estimates that the Chinese economy will be larger than the U.S. economy by 2030. [CNN Money]
  • The U.S. and the European Union are in early talks to form what would be the world’s largest trade pact. [Associated Press]
  • Two Senate Democrats want to provide tax relief to victims of Hurricane Sandy. [The Hill]