Tuesday morning links

TOP STORIES
Dow Chemical Posts $1.5 Billion Loss - NY Times
Motorola loses $3.6B, suspends dividend, CFO exits - AP
BofA had some details of Merrill bonuses - Reuters
Road Trip - Kunstler, CFN
Treasury needs to borrow $493B in current quarter - AP
Macy's to cut 7,000 jobs, slash dividend - AP
California delays $3.5B in payments - CNN/Money
Morgan Stanley plans up to 4 percent in job cuts - Reuters

MARKETS/INVESTING
Oil hovers above $40 after more grim economic news - AP
Gold May Drop With Sellers Lured by Six-Month High - Bloomberg
“Dividends; the secret to long-term returns!” - Saut, Raymond James
Declining costs to catapult gold miners and developers in 2009 - MineWeb
A Tale of Two “Flations” ... Revisited - Totle, Raymond James
Is it worth investing in gold, silver jewellery? - Commodity Online

ECONOMY
The new jobless - Fortune
Stimulus plan's job numbers get 2nd look - USA Today
The Inflation-Deflation Debate - Saville, Goldseek
Obama sets himself 2012 deadline to fix economy - Globe & Mail
GM, Chrysler offer workers cash, cars to leave - Reuters
U.S. manufacturing index rises in January-ISM - CNBC
A recession of biblical proportions - Fortune

INTERNATIONAL
China to spend $19 billion in second stimulus tranche - Reuters
Big jump in Spanish unemployment - BBC
China's Wen Blames Crisis on Lax Controls - Washington Post
We can have a global depression if we really work at it… - Financial Times
China: A New Wave Of Violent Riots - Clusterstock
The whole world is rioting, but why not America? - Commodity Online
Canberra and Tokyo step up stimulus - IHT
Germany's Big Banking Bailout - Spiegel Online
Canada's housing market in a deep freeze - Globe & Mail

HOUSING
U.S. Property Owners Lost $3.3 Trillion in Value Last Year - Bloomberg
Just a Band-Aid on the Foreclosure Problem? - Washington Post
U.S. Mortgage Time Bomb Needs Defusing Yesterday - Bloomberg
More families move in together during housing crisis - USA Today
Congresswoman to Owners Facing Foreclosure: Stay in Your Home - US News
Secondary Markets Won’t Recover Until 2011, Insiders Say - Housing Wire

FED/TREASURY/BANKING
Hazardous Materials? - The New Yorker
Bad bank + toxic debts = moral hazard x10 - MarketWatch
Fisher: says protectionism equals "economic death" - Reuters
Fed: Banks still tightening loan standards - AP

INTERESTING
Zimbabwe dollar sheds 12 zeros - BBC
Postal Service Pushes the Envelope, Then Folds - Bloomberg
Wall St., a Financial Epithet, Stirs Outrage - NY Times