Wikinvest Wire

Sunday morning links

Sunday, May 03, 2009

TOP STORIES
All Eyes Turn to GM And Its Bondholders - Wash. Post
UAW wins big Chrysler stake but can't run company - AP
Chrysler’s Fall May Help Administration Reshape G.M - NY Times
White House Threatened To Destroy Perella Weinberg's Reputation - Zero Hedge
Berkshire’s Munger: ‘Venal’ Banks May Evade Needed Reform - Bloomberg
Chrysler's Bankruptcy Deals Blow to Affiliates - WSJ
The Greatest Cost - Noland, Prudent Bear
Three more banks fail - CNN/Money

MARKETS/INVESTING
Gold May Be ‘Off to the Races’ Above $950 - Bloomberg
Dollar-cost averaging can get you back into stocks - MarketWatch
SEC Chief Schapiro Wants to Make Hedge-Fund Rules - Bloomberg
For investors, ‘everything is in flux' - Globe & Mail
Bill Miller sees signs of recovery - MarketWatch
Stock market becomes harder to shock - LA Times

ECONOMY
Preview: Joblessness Probably Rose to 25-Year High - Bloomberg
U.S. Workers' Wages Stagnate As Firms Rush to Slash Costs - Wash. Post
Can unemployment claims predict the end of the American recession? - Voxeu
Colleges Flunk Economics Test as Harvard Model Destroys Budgets - Bloomberg
Depression Scares Are Hardly New - NY Times

INTERNATIONAL
Asia Must Do More to Fight Crisis - Bloomberg
Russian gas output collapse deepens in April - Reuters
Flu fears fail to scare domestic travelers - CHINADaily
Advertising giant WPP to axe 7,200 jobs - Guardian
Emaar Leads U.A.E. Property Shares Lower - Bloomberg
Asian nations set up $120 billion crisis fund - AP
Italy’s GDP May Decline 4.2 Percent - Bloomberg
Chinese travelers get cold feet - LA Times

HOUSING
House hunting? It's not a buyer's market everywhere - LA Times
Buffett Sees Some Signs of Housing Stabilization - WSJ Marketbeat
Only modest improvement in housing market foreseen - Philly.com
Your house's true value - Baltimore Sun

FED/TREASURY/BANKING
Citi may need $10 billion more - report - CNN/Money
Miller: Stress Test May Push 14 Banks to Raise Money - Bloomberg
Fed to launch program bolstering commercial loans in June - MarketWatch
Top Senate Democrat: bankers "own" the U.S. Congress - Salon

INTERESTING
Public pawnbroker keeps Parisians' secrets safe - Reuters
Las Vegas is a case study of the next global crisis - Seattle Times
Couple arrested for sex on lawn at Windsor Castle - AP
Origin of Life: What Are the Odds? - LiveScience

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