Thursday morning links

TOP STORIES
• Don't give Ben another term - CNN/Money
• CIT bond advisers to push for bankruptcy - Reuters
• Wessel: Wall St. Banks Reached Deal to Save Lehman - Bloomberg
• Manufactured Crisis To Rescue Failing Obama Agenda? - Prison Planet
• Lehman Trader: Fuld Snubbed Warnings on Housing Bubble - Bloomberg
• Goldman 'warrants' raves from Congress - CNN/Money
• Government Takes Over Delphi’s Pensions - NY Times
• VA • NI • TAS - Epicurean Dealmaker

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MARKETS/INVESTING
• Oil Little Changed, Rising Fuel Stocks Show Slow Demand - Bloomberg
• Gold steadies above $950/oz, ETF holdings dip - Nine MSN
• California's biggest government pension funds lose almost $100 billion - LA Times
• Endowment Losses From Harvard to Yale Force Cuts - Bloomberg
• 'Be cautious on metals, commodities, mining stocks' - Commodity Online
• Gold rush over as demand slows - Telegraph

ECONOMY
• New jobless claims rise to 554K, total rolls fall - AP
• Why States' Budget Woes Won't End Soon - Time
• In Economic Recovery, Not So Fast on the New Jobs - Wash. Post
• Opposition mounts for Obama's consumer plan - CNN/Money
• Job Cuts Outpace GDP Fall($) - WSJ

INTERNATIONAL
• IMF shines a light on China's rising star - Globe Investor
• Asia's Easy Money Policies May Be Fueling New Bubbles - Time
• China should continue macroeconomic policy: economist - CHINADaily
• Less talk of green shoots - the housing market needs vital reform - Guardian
• Germans must get their head out of sand on banks - Credit Writedowns
• Japan's June trade surplus widens but short of estimates - MarketWatch
• China to voice concerns over asset safety at dialogue with US - CHINADaily
• A recession for the many, not the few - Telegraph

REAL ESTATE
• U.S. home price gains may foretell recovery - Reuters
• U.S. Home Prices Have Smallest Decline in 10 Months - Bloomberg
• "Ten Myths about the Subprime Crisis" - Economist's View
• Subprime-Mortgage Loss Forecast Raised by S&P - Bloomberg

FED/TREASURY/BANKING
• Bernanke fights for Fed independence - Reuters
• Obama’s Fed Risk Regulator Plan Fades as Lawmakers Back Council - Bloomberg
• Bernanke Says Commercial Property May Pose Risk for Economy - Bloomberg
• Bernanke Takes Message, Shows Exit to the People - Bloomberg

INTERESTING
• The Irksome Cellphone Industry - NY Times
• Dead shark left in Miami street after failed sale - AP
• Formula Found to Explain Earth's Evenly Spaced Valleys - LiveScience
• If Paula Leaves 'Idol,' Who Should Replace Her? - Yahoo! TV

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