Econ 101: October 17, 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 Postal Service hit its borrowing limit for the first time in its history. [Wall Street Journal]
  • The U.S. is becoming less reliant on China as a creditor, with China holding a smaller percentage of America’s public debt than it did two years ago. [Washington Post]
  • One billion smartphones are now in use globally. [Bloomberg]
  • Spain’s government said it will decide within the next few weeks whether to tap into the Eurozone rescue fund. [Associated Press]
  • Bandwidth demands are rising as schools look to implement the national Common Core curriculum. [Education Week]
  • The European Union and the U.S. will launch a new round of trade talks next year. [Reuters]
  • Goldman Sachs doubled its revenue last quarter. [Financial Times]