Econ 101: January 5, 2011

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.

  • Senate Republicans are threatening to obstruct President Obama’s nominees to the Federal Reserve as retribution for the recess appointments to other agencies he announced yesterday. [Wall Street Journal]
  • The recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau finally gives that agency the ability to regulate non-banks such as payday lenders and debt collectors. [New York Times]
  • The nation’s apartment-vacancy rate has fallen to its lowest level since 2001. [Wall Street Journal]
  • The Federal Reserve yesterday offered lawmakers ideas on how to aid the housing market, warning that lack of action will hurt the recovery. [Financial Times]
  • Analysts expect corporate bankruptcies to double in 2012. [CNN Money]
  • About one-third of first-time homebuyers in 2011 got either a gift or a loan from their family to help finance the purchase. [Reuters]
  • President Obama plans to unveil a summer jobs initiative today. [The Hill}
  • Corporate icon Kodak is preparing to file for bankruptcy. [Reuters]