Econ 101: October 12, 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 European Union has been awarded the 2012 Nobel Peace Prize, even as it struggles with an ongoing economic crisis. [Associated Press]
  • The EU is considering delaying the implementation of a slew of new bank regulations. [Bloomberg]
  • Despite the labor market’s recent improvements, there are still 3.5 unemployed workers for every available job opening. [Wall Street Journal]
  • A new estimate shows the cost of the Troubled Asset Relief Program declining 25 percent to $24 billion. [CNN Money]
  • The oil industry is suing to block new disclosure requirements included in the Dodd-Frank financial reform law. [The Hill]
  • The U.S. levied tariffs on China this week for selling solar panels below “fair value.” [The Hill]
  • Bank of America’s “independent” foreclosure review is not so independent. [ProPublica]