Thursday morning links

TOP STORIES
BoE takes big step to boost UK economy, holds rates - Reuters
Judge doesn't sign off on BofA, SEC settlement - AP
China Warns Developed Nations of Inflation, Currency Threats - Bloomberg
Goldman Sachs facing compensation, derivative inquiries - AP
High-Frequency Trading Grows, Shrouded in Secrecy - Time
US 'clunker' sales top 180,000- US DOT - Reuters
Senate to vote today on "cash for clunkers" - Reuters
The debt-inflation myth, debunked by UBS - FT AlphaVille

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MARKETS/INVESTING
Oil falls to near $71 as US inventories rise - AP
Gold inches up as dollar weak vs euro,ETF flat - Reuters
Rogers: U.S. Commodity Curbs to Drive Markets Overseas - Bloomberg
Calgary economist says speculators not to blame for volatility - Calgary Herald
Energy Trading Mogul Warns on Trading Limits - NY Times
Despite Bailouts, Business as Usual at Goldman - NY Times

ECONOMY
Retailers report sluggish July sales - AP
Initial Jobless Claims Fell 38,000 to 550,000 Last Week - Bloomberg
TrimTabs Throws Sand In The Eyes Of Fake Economic Data - Zero Hedge
Even Goldman Now Sees a Rosier Third Quarter - WSJ Economics
ISM service sector index dips unexpectedly - AP

INTERNATIONAL
BOJ Said to See Deflation Stretching Through 2011 - Bloomberg
Bank of England boosts asset purchases by 50 bln pounds - MarketWatch
ECB Keeps Rate at Record Low as Economy Shows Signs of Recovery - Bloomberg
More than 12,000 Northern Rock '125pc mortgage' borrowers in arrears - Telegraph
Australian Employers Unexpectedly Add 32,200 Workers - Bloomberg
Shanghai stocks fall 2% after PBOC pledges 'fine tuning' - MarketWatch
America offering Chinese leaders TIPS - Economist
Is quantitative easing working? - BBC

REAL ESTATE
About half of mortgages seen underwater by 2011 - Reuters
U.S. Considers Remaking Mortgage Giants - Washington Post
Housing market's north/south divide - Press Association
Home Lender Is Suspended, and Closes - NY Times

FED/TREASURY/BANKING
The FDIC Is in Trouble - Safe Haven
Geithner Takes Regulators to Task on Turf Battle - NY Times
HSBC: Chicago has too many banks - Chicago Tribune
Bank Regulators Resist Reform - Wash. Post

INTERESTING
Scientists crack 'two-envelope' problem - ABC Science
Donald Trump Faces Bondholder Battle in Bid to Reclaim Casinos - Bloomberg
$20m gold recovered from sunken ship - Commodity Online
Man pulls snake from car engine with 'chopsticks' - AP

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