Thursday morning links

TOP STORIES
• U.S. to Wield Significant Sway Over Reorganized GM - Wash. Post
• Two U.S. auto parts makers file for Chapter 11 - Reuters
• Chrysler Cures a Bankruptcy, but Tests Loom - NY Times
• California healthcare cuts would mean higher costs, possibly deaths - LA Times
• Hedge Fund Is Dissolving as It Faces 2nd Inquiry - NY Times
• Yield Curve Steepens to Record as Debt Sales Surge - Bloomberg
• Einhorn calls AAA rating a curse, shorts Moody's - MarketWatch
• America's looming retirement crisis - MSN Money

MARKETS/INVESTING
• Oil ministers: OPEC keeps output steady - AP
• Gold turns higher as U.S. dollar weakens - Reuters
• Bet on the market without going bust - MSN Money
• Hey Look! Gold's Still Going Nowhere - ClusterStock
• India gold imports fall 50% to 15 tons in May - Commodity Online
• Dow Jones industrial average could dump GM - AP

ECONOMY
• Durable-Goods Orders Rise More Than Forecast - Bloomberg
• Initial Jobless Claims Decreased to 623,000 Last Week - Bloomberg
• Roubini says U.S. economy may dip again next year - Reuters
• Looking for work but finding a scam - MSN Money
• April existing home sales inch upward, prices fall - AP

INTERNATIONAL
• Stimulus money reaching destination - CHINADaily
• Japan May Scrap Plan to Prop Up Stock Market - Bloomberg
• German law mutes May unemployment rise - MarketWatch
• India Ratings Face Pressure on Widening Deficit - Bloomberg
• China Is Said to Plan Strict Gas Mileage Rules - NY Times
• Japan Retail Sales Fall for Eighth Month on Job Woes - Bloomberg
• European economic confidence continues to grow - AFP
• What deglobalization might look like - Time

HOUSING
• Housing Is Not Just Bad, It's Getting Worse - Time
• Has housing hit bottom at last? - MSN Money
• Number of Home Sales Rises, but Prices Keep Plummeting - Wash. Post
• Condo market fights to recover as prices remain down - USA Today

FED/TREASURY/BANKING
• Bond Carnage, Muddled Inflation Thinking, and Fed Options - Naked Capitalism
• U.S. Weighs Single Agency to Regulate Banking Industry - Wash. Post
• Fed May Buy More Assets to Bolster Balance Sheet - Bloomberg
• Questions Delay Sale Of Toxic Bank Assets - Wash. Post

INTERESTING
• How to Spend Like a Frugal Millionaire - US News
• Costco will accept food stamps at 2 clubs as trial - AP
• Latvian Hookers Signal No Recovery for Economy - Bloomberg
• A brief history of General Motors Corp. - LA Times

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