Sunday morning links

TOP STORIES
Housing bill: A hair of the dog - Economist
The Truth About Inflation - Krowne, BullionVault
Wall Street bankers brace for bonus cuts - Reuters
GM, other automakers on road to grim year in sales - LA Times
Workers union files suit to block Schwarzenegger's layoff order - LA Times
The Maestro Won’t Face the Music - Schiff, 24hgold

MARKETS
The fiction of corporate transparency - MSN Money
When a bear market doesn't matter - MSN Money
Speculators don't create commodity bubbles - Commodity Online

ECONOMY
Services Probably Shrank for Second Month: U.S. Economy Preview - Bloomberg
Low-Wage Workers Face Daily Trials - Washington Post
Three Strikes Against Consumers - NY Times

HOUSING
Should you buy a home now? - LA Times
S&P emails slammed mortgage debt products: report - Reuters
California hints at bottom to housing slump - Reuters
Short sale of home hurts credit scores - LA Times

FED/TREASURY
Small Florida bank is 8th U.S. failure this year - Reuters
Henry Paulson has lost Control over US Finance, Economy - William Engdahl
The housing bill: When feds rush in - Economist

INTERNATIONAL
Shipping Costs Start to Crimp Globalization - NY Times
Kuwait official sees oil staying above $100 - Reuters
Europe’s monetary policy: The wages of sin - Economist
China's economic miracle at a crossroads as Olympics start - Telegraph
Steelmakers may suffer squeeze - CHINADaily

INTERESTING
Wal-Mart warns managers about labor bill - Reuters
Malaysia's Proton develops new hybrid car: reports - AFP