Wednesday morning links

TOP STORIES
Senator Edward Kennedy dies at age 77 - Reuters
Bove: Morgan Stanley Is Doomed - BusinessInsider
Bernanke Is Obama’s Proverbial Bird in the Hand - Bloomberg
Deficit Projected To Soar With New Programs - Washington Post
Appliances get their own recycled clunkers programs - USA Today
Bernanke’s Next Tasks Will Be Undoing His First - NY Times
The Next Credit Bubble Is Now - The Big Money
The case against Bernanke - FT

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MARKETS/INVESTING
Gold rises on steady dollar, eyes equities - Reuters
Oil prices hover around $72 amid demand concerns - AP
Stocks keep gaining, but several things could trip them up - USA Today
Wall Street Fox Beds Down in Taxpayer Henhouse - Bloomberg
Nothing absolute about 'absolute return' funds - CNN/Money
Hedge funds hiring again after downturn - Reuters

ECONOMY
Power is shut off as bills pile up - USA Today
Durable Goods Orders Increase 4.9% on Aircraft - Bloomberg
U.S. Postal Service seeks 30,000 job cuts via buyouts - Reuters
Deficit Projected To Soar With New Programs - Wash. Post
Consumer confidence soars - CNN/Money

INTERNATIONAL
Premier: China to curb industry overcapacity - AP
China’s Growth May Exceed 10% in Early 2010, Ba Says - Bloomberg
Britain is sleepwalking towards a decade of economic misery - Telegraph
RBS delivers 'body blow' to staff as it slashes pension benefits - Telegraph
German Business Confidence Rises More Than Forecast - Bloomberg
Bank profits on mortgages reach record level - Telegraph
Japan's export decline worsens in July - AP

REAL ESTATE
Home Prices: Sticky or slippery? - Breaking Views
California property values fall for the first time in 76 years - LA Times
Housing demand could snag on mortgage insurance - O.C. Register
Housing index hints at upturn in home prices - LA Times

FED/TREASURY/BANKING
A History of Encores at the Fed - NY Times
Goldman’s Hatzius Says Fed Balance Sheet Could Hit $4 Trillion - Bloomberg
Bernanke May Redefine Fed Mission in Financial-Market Stability - Bloomberg
The troubling side of Ben Bernanke - Telegraph

INTERESTING
Beer price hikes are brewing - LA Times
China's internet: the wild, wild East - Telegraph
Downturn Dims Prospects Even at Top Law Schools - NY Times
Who’s Driving Twitter’s Popularity? Not Teens - NY Times

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