Thursday morning links

TOP STORIES
• G20 summit: leaders on brink of $1 trillion rescue deal - Telegraph
• China pushes for bigger role in reshaping the world economy - LA Times
• U.S. Urges GM to Consider Bankruptcy - Wash. Post
• Defaults Rise as Worst Is Yet to Come for Commercial Property - Bloomberg
• G20 Summit: an easy guide to judge its success or failure - Telegraph
• Wall Street Swaps Zegna for Denim, Tool Belts - Bloomberg
• Don't blame capitalism for this mess - CNN/Money
• CDOs Becoming ‘Unmanageable’ as Trading Costs Surge - Bloomberg

MARKETS/INVESTING
• Gold Dropsas Rising Stocks Curb Haven Demand - Bloomberg
• Oil jumps to above $51 on stock market gains - AP
• Stocks, Commodities Gain on Economy - Bloomberg
• India rides old gold wave - Commodity Online
• G20 to regulate big hedge funds: draft communique - Reuters
• India’s silver imports follow gold, fall by 50% - Commodity Online

ECONOMY
• Initial jobless claims rise to highest level since 1982 - MarketWatch
• U.S. seen facing danger of 2nd recession next year - Reuters
• Delinquency rate on consumer loans rises to record 3.22% - MarketWatch
• U.S. auto sales plunge but bottom seen near - AP
• Manufacturing index rises more than expected - CNN/Money

INTERNATIONAL
• China to Boost Yuan Swaps, Payments on Dollar Concern - Bloomberg
• G20 leaders agree to fight protectionism, begin plenary session - CHINADaily
• European Central Bank cuts key rate to new low - MarketWatch
• UK house prices rise for first time in 16 months - TimesOnline
• Safety Nets Not Enough to Allay Fears in Europe - NY Times
• G20 To Call For Doubling of IMF Budget: UK - CNBC
• China speaks and the world finally listens - Globe & Mail
• China Vies to Be World’s Leader in Electric Cars - NY Times

HOUSING
• Housing bust hits Manhattan - CNN/Money
• Low mortgage rates continue to attract refinancers - USA Today
• Area sales of new homes continue to plummet - Sacramento Bee
• S.F., U.S. home prices in free fall - SF Gate

FED/TREASURY/BANKING
• Treasuries Fall as G-20 Seeks to Counter World Slump - Bloomberg
• How Long Will the Chinese Let the U.S. Bluff? - Seeking Alpha
• FDR Economist Says Obama Should Put Stimulus First - Bloomberg
• Fed Purchases $6 Billion of Three, Four-Year Treasury Notes - Bloomberg

INTERESTING
• Costco to close home stores due to slowdown - Reuters
• Funeral cost-cutting boosts cremations - CNN/Money
• 9 patients made nearly 2,700 ER visits in Texas - AP

###