Friday morning links

TOP STORIES
• Ailing Banks Need $75 Billion, U.S. Says - NY Times
• Stress Test Finds Strength in Banks - Wash. Post
• The big banks: How much each needs - CNN/Money
• Commercial Mortgage Delinquencies Rise to 11-Year High - Bloomberg
• GM burns $10 billion in first quarter as deadline looms - Reuters
• U.S. Can Avoid Japan Trap Through Bank Earnings - Bloomberg
• Deflation in America: The greater of two evils - Economist
• NY Fed chair quits over Goldman role - CNN/Money

MARKETS/INVESTING
• Oil rises to near $58 on economic recovery hopes - AP
• Gold claws back above $910/oz, US jobs data eyed - Reuters
• Buttonwood: Happy days are here again - Economist
• Why gold will continue to shine - Commodity Online
• Fund leaders take stock of markets - MarketWatch
• U.K.’s Royal Mint Uses 75% More Gold - Bloomberg

ECONOMY
• Payrolls drop by 539,000; jobless rate up to 8.9% - MarketWatch
• American consumers: Off their trolleys - Economist
• Why Jobs Go Begging Amid Layoffs - BusinessWeek
• Consumer credit drops record $11.1 billion - MarketWatch
• Recovery? What Recovery? - NewsWeek

INTERNATIONAL
• Toyota sees $8.6 billion annual loss - Reuters
• Europe's economies: A new pecking order - Economist
• China's central bank frets over Fed bond purchases - MarketWatch
• China's gold buying spree & superpower dreams - Commodity Online
• BOE to pump another £50B into economy to fight recession - Telegraph
• Mexico April inflation quickens but rate cuts eyed - Reuters
• ECB falls into line and embraces quantitative easing - Telegraph
• Banks in the Gulf: Shifting sands - Economist

HOUSING
• ARMed and underwater - MarketWatch
• Yale's Robert Shiller on the Outlook for Home Prices - Time
• Stimulus package: Homeowner perks - CNN/Money
• S.F. housing market warming up - SF Examiner

FED/TREASURY/BANKING
• Bernanke Outlines the Future of Financial Regulation - NY Times
• Major Banks Negotiate, Spin, Chafe at Stress-Test Results - Wash. Post
• Bernanke: Fed Monitoring Liquidity of Banks on Daily Basis - Bloomberg
• Effort to Lift Consumer Lending Is In Question - Wash. Post

INTERESTING
• 'Star Trek' Tricorder Scans for Life on Space Station - LiveScience
• Singer Susan Boyle joins stars in top 5 viral videos - AP
• KFC offers rain checks on coupon Oprah promoted - USA Today
• Police: Man accused of shoplifting applies for job - AP

###