Friday morning links

TOP STORIES
Japan industry: 'Unprecedented' decline - CNN/Money
Retailers Offer Big Discounts, and Then Pray - NY Times
Shares up as India market reopens - BBC
'Shadow ECB' calls for immediate and drastic rates cuts - Telegraph
Property market detox quashes investor appetite - Reuters
Top Chinese official warns on downturn - Financial Times
Government bailout hits $8.5 trillion - SF Gate

MARKETS/INVESTING
Oil falls below $54 ahead of OPEC meeting - AP
Gold little changed; traders eye OPEC meeting - Reuters
‘Structural deficit’ in gold supply could send prices higher - Mineweb
4 double-digit gains in a row for the Dow, but ... - MarketWatch
As Oil Prices Fall, Tensions Among OPEC Members Seem to Deepen - NY Times
Citigroup says gold could rise above $2,000 next year as world unravels - Telegraph

ECONOMY
Lest We Forget - Krugman, NY Times
Too many cooks in Obama’s economics kitchen - Financial Times
Frugal families learn how to cope with soaring food costs - USA Today
Food Prices Expected to Keep Going Up - NY Times
The year of holiday thrift - Christian Science Monitor
Consumers can find good deals beyond Black Friday - USA Today

INTERNATIONAL
Ruble Collapse Prompts Russia to Raise Rate on Currency Plight - Bloomberg
European unemployment soars - CNN/Money
Japan’s Recession Deepens as Factory Output Slumps - Bloomberg
Taxpayer now owns nearly 60% of Royal Bank of Scotland - TimesOnline
If you only read one thing on China this fall … - CFR
China downturn deepens - Reuters
Siberian oil town hit by downturn - BBC

HOUSING
New York home prices seen plunging as crisis bites - Reuters
Meltdown far from over, new mortgage crisis looms - AP
Local Home Prices Slide to 34 Percent Below Peak - Voice of San Diego
Home shoppers rush in as mortgage rates fall - USA Today

FED/TREASURY/BANKING
Plan C: Unorthodox economic policies - Economist
Anatomy of a Meltdown - New Yorker
Why Fed can easily offer money help - AP
Treasury's financial rescue program reportedly understaffed - MarketWatch

INTERESTING
GM asks government to block public tracking of jet - Reuters
Scientists Find Clues to Aging in a Red Wine Ingredient’s Protein Role - NY Times