Wikinvest Wire

Friday morning links

Friday, April 03, 2009

TOP STORIES
Jobless rate bolts to 8.5 percent, 663K jobs lost - AP
Senate approves $3.53 trillion budget plan - MarketWatch
G20 summit: Gordon Brown strikes historic $1 trillion deal - Telegraph
World Leaders Pledge $1.1 Trillion to Tackle Crisis - NY Times
The G20 has lost the plot - Telegraph
Ill Prepared for Long-Term Health Care - BusinessWeek
Geithner’s Non-Recourse Gift Keeps on Giving to Gross - Bloomberg
FASB relaxes accounting rules for banks on assets - AP

MARKETS/INVESTING
'China ready to buy IMF gold with a telephone call' - Commodity Online
Causes of the Oil Shock of 2007-08 - Econbrowser
Consequences of the Oil Shock of 2007-08 - Econbrowser
Everything You Ever Wanted To Know About Junior Gold Miners - HAI
Buttonwood: Minsky's moment - The Economist
Gold: Bullish on bullion - The Economist

ECONOMY
Payrolls fall 663,000, jobless rate jumps to 8.5% - MarketWatch
Where jobless benefits go furthest - MSN Money
Factory orders increase first time in 7 months - MarketWatch
The Misery Index: Jobless rates by metro area - MSN Money
Home Equity Delinquencies Hit New Record High - Truth About Mortgage

INTERNATIONAL
China positioning its currency for a run at world supremacy - LA Times
G-20 Shapes New World Order With Lesser Role for U.S. - Bloomberg
G20 trebles IMF funding to $750bn to help poorer countries - Telegraph
ECB Faces Day of Reckoning as Debate on New Tools Nears End - Bloomberg
China’s Dollar Trap - Krugman, NY Times
Spanish banks: The mess in La Mancha - The Economist
IMF Makes Comeback as It Wields $1 Trillion for Rescue - Bloomberg
Japan: The incredible shrinking economy - The Economist

HOUSING
Loan modifications rise; many don't pare payments - AP
Case-Shiller: Is it Really THAT Bad? - Zillow.com
Home builders, California Realtors offer layoff insurance - LA Land
Sixth of homebuyer tax break gone in a month - O.C. Register

FED/TREASURY/BANKING
Bernanke Easing Mortgage Rates for Consumers - Bloomberg
Senate OKs measure calling on Fed to name firms - AP
'Chronic Disorganization' Cited in Efforts to Fix Crisis - Wash. Post
5 banks repay $353M in bailout funds - AP

INTERESTING
Feds: Value of Madoff mansion has dropped nearly $2M - AP
Mayor Ray Nagin Facing Foreclosure on Townhouse - Zillow.com
W.Va. retiree, 70, aces consecutive holes - AP

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