Econ 101: October 18, 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 is reportedly ready to veto any bill pertaining to the so called “fiscal cliff” that does not raise tax rates on the wealthy. [Washington Post]
  • New housing starts hit their highest level in four years last month. [Wall Street Journal]
  • Greek workers are holding a second nationwide strike in three weeks today. [New York Times]
  • China’s economic growth last quarter fell to its lowest level since 2009. [CNN Money]
  • The number of bad loans held by Spanish banks hit a record high in August. [Reuters]
  • A bipartisan pair of senators sent a letter to regulators yesterday urging them to implement stronger capital requirements for the nation’s big banks. [The Hill]
  • High-frequency traders have gotten so fast, “they seem to have outrun their own profitability.” [Businessweek]