News Round-Up: 9 Jul 2008

Real economy

• Why GM Should Embrace Bankruptcy – Market Movers

• UK not OK – FT($)

Real world

• Much of U.S. West Coast Under `Explosive’ Fire Threat – Bloomberg

• Anglican Vote on Female Bishops Sparks Threat of Separation – Bloomberg

• American Obesity – Market Movers

• Can’t Keep the Weight Off? Maybe Leptin Is the Culprit – WSJ($)

Obit

• John Templeton, Global Investing Pioneer, Dies at 95 – Bloomberg

Markets

• Steinhardt Says Stocks Will Extend Drop on Banks, Oil – Bloomberg

Housing

• Property squeeze spreads to Europe, says Savills – FT($)

• Savills Drops the Most Since 2001 on Housing Slump – Bloomberg

• Separating couples still living together due to credit crunch – Telegraph

Commodities

• Output plummets at huge Mexican oilfield – FT($)

• Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling – Bloomberg

Money

• Euro-Zone Credit Pricier Even Before ECB Rate Rise – Real-Time Economics

• Lacker to Fed: Don’t Wait Too Long on Rates – Real-Time Economics

• Bank of Canada signals worst of credit crunch over – National Post

• Bernanke: If Fed Gets More Responsibility, More Power Needed Too – Real-Time Economics

• Fed’s Lacker Says Gradual Recovery Should Prompt Higher Rates – Bloomberg

Politics

• The Economic Policy of John McCain – Market Movers

• When the Bloom is off Obama’s Rose – The Moderate Voice

• VPs office pushed climate purge – WSJ($)

• Government Spending and Inflation – Safe Haven