Econ 101: February 15, 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.

  • President Obama met for the first time yesterday with Xi Jinping, widely expected to be the next leader of China. [Wall Street Journal]
  • Congressional negotiators say they’ve struck a tentative deal to extend the soon-to-expire payroll tax cut, as well as unemployment benefits. [New York Times]
  • The Obama administration is pushing a new $5 billion plan to pay teachers according to performance, rather than seniority. [Bloomberg]
  • The Eurozone’s economy shrank by 0.3 percent last quarter, putting it one more bad quarter away from recession. [Washington Post]
  • A Goldman Sachs analyst is under federal investigation for leaking inside information to hedge funds. [Reuters]
  • California’s economy should see a slight improvement this year, according to a report from the Los Angeles County Economic Development Corporation. [Reuters]
  • For the first time since 2007, a full funding bill for the Federal Aviation Administration has been signed into law. [The Hill]
  • What New York Knicks phenom Jeremy Lin shows about U.S. competitiveness. [Businessweek]