Friday morning links

TOP STORIES
• House Approves 90% Tax on Bonuses After Bailouts - NY Times
• Financial Journalists Fail Upward - Huffington Post
• No Return to Normal - Washington Monthly
• AIG: Cranking up the outrage-o-meter - Economist
• State ponders money shift to CalPERS to guard pensions - Capitol Weekly
• China backs talks on dollar as reserve - Reuters
• Goldman to detail AIG trading relationship Friday - MarketWatch
• Inside AIG-FP, Feeling the Public's Wrath - Wash. Post

MARKETS/INVESTING
• Gold down nearly 1 pct, ETF hits record - Reuters
• Oil drifts lower as traders reassess outlook - AP
• Multiple 9-to-1 up days often, but not always, are bullish - MarketWatch
• Enjoy The Sucker's Rally, Says Merrill's Rosenberg - Clusterstock
• Too early to write off dollar despite Fed's move - Reuters
• What the Fed's Announcement Means for Gold - Seeking Alpha

ECONOMY
• New Jersey community offers lessons for today's economy - USA Today
• In Sacramento's tent city, a torn economic fabric - LA Times
• Scenes from the recession - Boston.com
• Economics focus: Money's muddled message - Economist
• U.S. Leading Economic Indicators Index Falls 0.4% - Bloomberg

INTERNATIONAL
• Euro Falls as EU Prepares to Double Crisis Fund - Bloomberg
• Swissie fit: The terrible temptation to depreciate - Economist
• European Industrial Output Plunges by Most on Record - Bloomberg
• Workers Protest Across France - NY Times
• The ECB Stands Alone - WSJ Economics Blog
• Mexico expected to maintain slow rate-cut pace - MarketWatch
• How China sees the world - Economist
• U.N. panel says world should ditch dollar - Reuters

HOUSING
• House prices: Caught in the downward current - Economist
• Mortgage rates are low. So are approval rates - CNN/Money
• Property tax too high? Assessor will hear your plea! - OC Register
• Bay Area home median falls below $300,000 - SF Gate

FED/TREASURY/BANKING
• Greenspan’s Bubbles 101 Lesson Must Be Avoided - Bloomberg
• Quantitative easing - Econbrowser
• Fed’s Approach Creates Chance of Surprise - WSJ Economics Blog
• Fed Will Buy Everything That's Not Nailed Down - Prudent Investor

INTERESTING
• The belief that the wealthy are worthy is waning - LA Times
• The Coming Evangelical Collapse - Alternet
• Obama's 'Tonight Show' appearance caps day of serious talk - LA Times

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