Monday morning links

TOP STORIES
• Bankruptcy judge OKs GM sale plan - AP
• Biden: White House does not favor second stimulus now - Reuters
• 'This Week' Transcript: EXCLUSIVE: Vice President Joe Biden - ABC News
• Calls grow to supplant dollar as global currency - Globe & Mail
• China Begins Pilot Program to Settle Trade in Renminbi - NY Times
• Gold is still money when money is still not wealth - Commodity Online
• Pepsi plans $1 billion Russian investment - MarketWatch
• A Goldman trading scandal? - Winkler, Reuters

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MARKETS/INVESTING
• Oil plunges below $64 on fears recovery may lag - AP
• Wall Street's reality check - CNN/Money
• Swings in Oil Price Hobble Forecasting - NY Times
• Exchange-traded fund geared to hedge higher fuel prices - MarketWatch
• China's precious metal reserves threatened - CHINADaily
• Brief Holiday Update - Hussman Funds

ECONOMY
• A second half recovery is suddenly not a sure thing - MarketWatch
• Unemployment Rate and Part Time Employees - Calculated Risk
• Inflation: What You See and What You Don't See - 24h Gold
• Trade shifting from friend to foe of GDP growth - MarketWatch
• What's next: Inflation or deflation? - Fleckenstein, MSN Money

INTERNATIONAL
• Protectionism could cause extended harm: World Bank - Reuters
• China won't press for new global currency at G8 - Sydney Morning Herald
• Sweden: negative interest rates and quantitative easing - Credit Writedowns
• Saudi Aramco Cuts All Crude Prices to U.S. in August - Bloomberg
• Recession may get worse, Gordon Brown warns world leaders - TimesOnline
• India Doubles Import Taxes on Bullion to Raise Cash - Bloomberg
• Dollar discomfort thrust onstage for Italy summit - Reuters
• India said to question dollar's international status - MarketWatch

HOUSING
• In California, mortgage scammers find easy pickings - LA Times
• Google Tries To Save The Housing Market - Search Engine Round Table
• Home foreclosures expected to surge in coming months - Chicago Tribune
• New appraisal rules under fire - Seattle Times

FED/TREASURY/BANKING
• Glut of $4.5 Trillion Will Haunt Obama’s Dollar - Bloomberg
• Administration plans for end of ‘too big to fail’ - MSNBC
• Quantitative easing isn't working; here’s why - Naked Capitalism
• BOE should be given binoculars to spot the next asset bubble - Telegraph

INTERESTING
• Survey: The iPhone is No. 1 in Japan – Updated - Fortune
• 'Lost boy' who fled Sudan tells of his 4,000-mile trek - Guardian
• Even Cockroaches Get Fat on Bad Food - LiveScience
• The Laptop, Circa 1968 - Technologizer

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