Monday morning links

TOP STORIES
• As Detroit Crumbles, China Emerges as Auto Epicenter - Wash. Post
• Central banks may need more power for financial stability - Reuters
• Schwarzenegger pleads for passage of ballot measures - LA Times
• Cassano: the man with the trillion-dollar price on his head - Telegraph
• Trump Testimony Offers Glimpse of How He Values His Empire - WSJ
• These cars have got to go: Dealer cuts mean deals - AP
• California: The ungovernable state - Economist
• Beware of Obamanomics - Lew Rockwell

MARKETS/INVESTING
• Oil rose above $57 amid weak crude demand - AP
• Gold shines on global cues, copper falls - Financial Express
• Bearish top letter faces stress test - MarketWatch
• Gold not an investment, it’s insurance - Commodity Online
• A trio of views to guide investors - MSN Money
• Stock rally stalls as investors await new catalyst - AP

ECONOMY
• Economy limiting services of local police - USA Today
• Three signs the economy is rebounding - CNN/Money
• Hotel crime rises in recession, hotels say they're still safe - USA Today
• To Save Our Economy From Destruction - Lew Rockwell
• U.S. budget chief says signs of economic free-fall over - AP

INTERNATIONAL
• India's surge helps turn around Asian markets - MarketWatch
• China keeps buying US bonds despite concerns - Sydney Morning Herald
• China’s Stockpiles Are New Sovereign Wealth Strategy, RBC Says - Bloomberg
• Asia will author its own destruction if it triggers a crisis over US bonds - Telegraph
• U.K. Home Sellers Raised Asking Prices in May, Rightmove Says - Bloomberg
• Germany needs more than an accounting trick - Financial Times
• Pound a ‘Screaming Buy’ as U.K. Attracts Investment - Bloomberg
• Yuan reality check - MarketWatch

HOUSING
• Phoenix's housing bust goes boom - LA Times
• More high-end properties sitting on the market - SF Gate
• Valley home prices plummet toward ZIP - Las Vegas Sun
• Long Island Foreclosures Rise, With No End in Sight - NY Times

FED/TREASURY/BANKING
• At Geithner's Treasury, Key Decisions on Hold - Wash. Post
• The Destructive Implications of the Bailout - Hussman Funds
• Buyout Firms Elude Fed as OTS Lets Private Equity Acquire Banks - Bloomberg
• President Obama Announces More Key Treasury Department Posts - AAP

INTERESTING
• 'Angels & Demons' wins box office from 'Star Trek' - AP
• City of Knoxville to buy million-dollar parking lot - KnoxNews
• FDIC Economist Charged With Bank Robbery - Huffington Post
• Brain fitness industry set to boom - MSN Money

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