Thursday morning links

TOP STORIES
• G-8 Says Recovery Is Too Weak to Withdraw Stimulus - Bloomberg
• In fundamental shift, consumers are saving rather than spending - LA Times
• Billions in aid go to areas that backed Obama in '08 - USA Today
• Poorer Nations Reject a Target on Emission Cut - NY Times
• Rio employees 'held for espionage' - CHINADaily
• After California: Which States Are in the Most Peril? - Time
• Oil speculators under fire - MSNBC
• Are Bailouts Part of the Problem? - Dealbook

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MARKETS/INVESTING
• Oil rises above $61 despite uncertain demand - AP
• COMEX traders see gold at $1,600 by December - Commodity Online
• Shipping flashes early warning signals again - Telegraph
• CFTC Versus the (Commodities) World - Nadler, Kitco
• Bears gaining upper paw -- time to hide? - MarketWatch
• Gold prices set for record highs by end 2009:GFMS - Commodity Online

ECONOMY
• U.S. jobless claims drop steeply - Reuters
• Retailers report weak June sales - AP
• Reports Leave Economic Picture as Clear as Mud - Wash. Post
• How Bad Are Auto Sales? 10 Questions and Answers - Time
• U.S. Consumer Credit Fell for Fourth Straight Month - Bloomberg

INTERNATIONAL
• BOE keeps rates at record low, no new injections of money - Telegraph
• China’s Surging Loans May Add to Asset-Bubble Risk - Bloomberg
• China's bank loan total exceeds full-year - CHINADaily
• Nationwide brings back 125 per cent mortgage - Times Online
• Australian Employers Cut 21,400 Jobs as Exports Slow - Bloomberg
• China to cut imports, copper prices may be hit - Commodity Online
• China Car Sales Jump 48% on Support, Most Since 2006 - Bloomberg
• Korea Keeps Rate at 2% Amid Signs of Recovery - Bloomberg

HOUSING
• Poll: Would-be homebuyers cautious as layoffs rise - AP
• Mortgage Defaults: Many Are Intentional, Study Finds - Time
• Almost a quarter of homeowners cannot get a mortgage - Times Online
• Housing Market Built on Mud Takes Off, Then Goes Thud - WSJ


FED/TREASURY/BANKING
• Treasury Dials Back Plan to Aid Banks - Wash. Post
• Bernanke to Appear on Town-Hall-Style PBS Broadcast - Bloomberg
• White paper examines how to burst bubbles - Financial Times
• Fed's Evans: policy to stay accommodative for now - Reuters

INTERESTING
• In Chrome, Hints of a Real Rival to Windows - NY Times
• Gov't to pay out 100m yuan to riots victims - CHINADaily
• China Riot Traced to Teen’s `Unintentional Scream,’ Xinhua Says - AP
• As Men's Job Losses Mount, Wives Feel the Impact - Time

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