Sunday morning links

TOP STORIES
Obama advisers: Plan would create up to 4.1M jobs - AP
Another $350 billion: Bush may soon request rest of bailout - CNN/Money
Russia and Ukraine reach deal on natural-gas flows - MarketWatch
Economists see longest recession since World War Two - Reuters
A Bearish Call on Bullion - Barron's
U.S. Drivers Hold On to Autos, Shun Showrooms on Job-Loss Risk - Bloomberg
America's budget: After the recession, the deluge - Economist
Agency warns on automakers' pension funds - Reuters

MARKETS/INVESTING
Oil giant comes in from the cold - The Independent
Buttonwood: Yielding to none - Economist
After disastrous fourth quarter, what next for mutual fund owners? - LA Times
Junk bonds were trashed, U.S. bonds were treasured in '08 - LA Times
Deutsche Bank’s mythology of commodities - FT Alphaville
Gold rush erupts over financial crisis - Daily Telegraph
Emerging markets: Stumble or fall? - Economist
Ponzi meets treasuries bubble - FT Alphaville

ECONOMY
Sales, Consumer Prices Probably Dropped: U.S. Economy Preview - Bloomberg
2009 Forecast Episode II: Deflation Strikes Back - Accrued Interest
Audacity itself as economic experiment - LA Times
Small business woes have big impact on economy - AP
Economics focus: Drastic times - Economist

INTERNATIONAL
Yuan-settlement test to start - Shanghai Daily
U.K. Economy Shrank Most Since 1980, Niesr Data Show - Bloomberg
UAE less affected by oil’s fall ‘than other producers’ - Gulf Times
Weber Signals Germany May Contract More Than Forecast in 2009 - Bloomberg
Chile finmin says no recession seen in 2009 - Reuters
The US Can't Unilaterally Inflate - NDK's Notepad
Nicaragua's inflation hit 13.77 pct in 2008 - Reuters
Saudi stocks lose 3% - AFP

HOUSING
Bargain basements in the housing market - Gainesville Time
O.C. lender with $1 billion in assets files bankruptcy - O.C. Register
December Resale Data Rodeo - Piggington
Has our housing market hit bottom? - Newark Advocate

FED/TREASURY/BANKING
Paulson Bank Bailout in ‘Great Stress’ Misses Terms Buffett Won - Bloomberg
Obama: $350b bailout needs to help people - AP
Is Government Spending Too Easy an Answer? - NY Times
Lacker Says Fed Loan Programs ‘Fraught With Risks’ - Bloomberg
Sheila Bair - World's Worst Regulator - to Stay at FDIC - Seeking Alpha

INTERESTING
What is the White House Worth? - Zillow Blog
Floods to become commonplace by 2080 - Newcastle University
Dinosaurs of Motor City - LA Times