Wikinvest Wire

Tuesday morning links

Tuesday, July 15, 2008

TOP STORIES
Scramble Led to Rescue Plan on Mortgages - New York Times
Bush Rescinds Father's Offshore Oil Ban - Washington Post
Fannie Plan a `Disaster' to Rogers; Goldman Says Sell - Bloomberg
Banking Stocks Take a Lashing - Washington Post
State considers pay-as-you-drive auto insurance - LA Times

MARKETS
Euro hits all-time high as dollar plunges - MarketWatch
Gold Rises to Four-Month High in London on Flight to Safety - Bloomberg
Oil rises above $146 a barrel - AP

ECONOMY
Retail Sales in U.S. Rose Less Than Forecast in June - Bloomberg
U.S. Producer Prices Rise 1.8% in June; Core Rate Gains 0.2% - Bloomberg
GM readies for new round of job cuts - Reuters

HOUSING
Fed slaps new rules on mortgage lenders - LA Times
Fannie and Freddie: wards of the state - Globe & Mail
ZipRealty.com Unveils "Price Me Now" Real Estate Prediction Game - MarketWire

FED/TREASURY
Bernanke Forecasts Foiled by Fannie-Freddie Rescue - Bloomberg
Paulson should consider receivership for Fannie, Freddie: report - Reuters
Confidence Ebbs for Bank Sector and Stocks Fall - NY Times
Fed Chief Bernanke to brief Congress on economy - AP

INTERNATIONAL
U.K. Property sales slump to lowest level ever recorded - Guardian
French Manufacturing Confidence Slips to 5-Year Low - Bloomberg
UK inflation hits record high as gloom deepens - Reuters
Japan keeps interest rate on hold - BBC
China's Economic Growth Probably Slowed on Exports - Bloomberg

INTERESTING
Lawmakers want US-made flags - AP
Airlines turn boarding passes into ad space - USA Today

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