Wednesday morning links

TOP STORIES
Barack Obama wins presidency, making history - LA Times
Summers, Emanuel Top Candidates for Obama Administration Posts - Bloomberg
Obama urged to shape new economic order - Reuters
Barack Obama victory: banks are still saying 'no we can't' - Telegraph
Economic troubles await President-elect Obama - USA Today
In Modeling Risk, the Human Factor Was Left Out - NY Times

MARKETS/INVESTING
Oil falls 2.7 percent ahead of inventory report - Reuters
How stock sectors could fare in an Obama administration - Reuters
Time to turn bullish and buy, buy, buy? - Telegraph
Gold slips as dollar firms after U.S. elections - Reuters

ECONOMY
U.S. Oct ADP private employment down 157,000 - MarketWatch
Wanted: next growth engine for US economy - CSM
Consumer spending hit by crisis: MasterCard - Reuters
Budget-minded shoppers rediscover layaway plans - LA Times
Factory orders drop more than expected - AP
Consumer bankruptcies in October top 100,000 - USA Today

HOUSING
Miami-Dade to buy up bank-owned homes - Miami Herald
'Underwater' Need Not Mean Foreclosure - WSJ
Government's mortgage relief program gets few takers - LA Times
Buy Real Estate Now - Forbes
History Warns Against Foreclosure Moratoria: Study - Housing Wire

FED/TREASURY/BANKING
Libor's Biggest Drop Fails to Match Fed, Spur Loans - Bloomberg
Banks begin rush for US bailout funds - CSM
NY Fed draws fire for hiring Bear Stearns' risk officer - USA Today
Credit card debt forgiveness for some benefits all - LA Times

INTERNATIONAL
Fall in eurozone retail sales - BBC
Services slump adds pressure on Bank of England to slash rates - Guardian
Europe Asks France to Rethink Fiscal Plan - NY Times
Funding Drought Slams Chinese Plans as Banks Shun Plea to Lend - Bloomberg
Obama Victory Provokes Trade Worries In Asia - Forbes

INTERESTING
How will the economic crisis affect wine? - AAWE
Past Presidential Elections Far Nastier - LiveScience