Friday morning links

TOP STORIES
• Crash diet: GM getting in shape for Chapter 11 - AP
• Bernanke Bid to Lift Housing Scuttled by Rising Rates - Bloomberg
• Geithner to Pursue Practical Goals, Tone in Trip to China - Wash. Post
• Buffett Aide: Housing, Economy Aren’t Near Recovery - Bloomberg
• Government and business in America: Piling on - Economist
• Goolsbee: Obama Prevented Depression - Bloomberg
• Mortgage delinquencies hit record high in Q1 - AP
• The Big Inflation Scare - Krugman, NY Times

MARKETS/INVESTING
• Not Mixing With Rest of Economy, Oil Floats Higher - Wash. Post
• Gold jumps above $970/oz as dollar weakens - Nine MSN
• Gross: Harvard, Yale May Need to Alter Investments - Bloomberg
• India gold prices climb on global trends - Commodity Online
• Stocks, Oil, Metals Rise as World Recession Eases - Bloomberg
• Buttonwood: Not so risk-free - Economist

ECONOMY
• GDP revised to 5.7% decline in first quarter - MarketWatch
• Economy's fall still bad - even if less steep - AP
• Bloated U.S. Consumer Unfit for Recovery - Bloomberg
• Credit Relief May Not Last Long - NY Times
• Roubini: Bullish on the Economy - Bloomberg

INTERNATIONAL
• China's dubious earnings numbers: Red flags - Economist
• U.K. House Prices Unexpectedly Jump, Nationwide Says - Bloomberg
• Sterling surges as investors seize on global green shoots - Telegraph
• China Economists Raise Growth Forecasts Amid Weakness - Bloomberg
• China, America and the yuan: Time for a Beijing bargain - Economist
• Japan’s Industrial Production Surges Most in 56 Years - Bloomberg
• Gold reserves: China needs to acquire more gold - Commodity Online
• India’s GDP Growth Beats Estimates Amid Global Slump - Bloomberg

HOUSING
• Housing is bad enough, but wait — it'll get worse - News Tribune
• In the housing market, still waiting for dust to clear - Philly.com
• Foreclosures increasing for prime loans - Signs on San Diego
• More Homeowners Facing Foreclosure - NY Times

FED/TREASURY/BANKING
• Bond markets defy Fed as Treasury yields spike - Telegraph
• Overhauling financial regulation: The regulatory rumble - Economist
• Banks cut Fed borrowing, investment cos. draw none - AP
• Municipal Defaults Don’t Reflect Tough Times - Bloomberg

INTERESTING
• Dairy farmers in desperate straits - LA Times
• Starbucks Pushing Landlords Reduction in Leases - Bloomberg
• Principal files complaint over missed high-five - AP
• NYC, Boston Could See Higher Sea Level Rise - LiveScience

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