According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending.

Reuters reports that the SEC will consider restricting short sellers.

Reuters reports that the AIG (AIG) aircraft leasing unit is seeking a $5 billion credit line from the government.

Reuters reports that mortgage delinquencies soared in the US.

Reuters reports that some job seekers are resorting to plastic surgery.

Reuters writes that market bear Roubini is sticking to downbeat forecasts.

Reuters reports that Taiwan’s Acer PC company is positive on its Q2 prospects.

Reuters writes that Alcoa (AA) posted a quarterly loss on falling metal prices.

Reuters reports that China’s export engine is showing signs of life.

The Wall Street Journal writes that the US Treasury plans  to help bailout life insurers.

The Wall Street Journal reports that Brian Moynihan, who was put in charge of Merrill Lynch, may be the next CEO at Bank of America (BAC).

The Wall Street Journal writes that cyberspies have penetrated the U.S. electrical grid.

The Wall Street Journal reports that the glut of goods is easing as inventories fall.

The Wall Street Journal reports that Sharp will cut 1,500 jobs.

The Wall Street Journal reports that commercial real estate properties are seeing more vacancies.

The Wall Street Journal reports that commercial real estate owners are pushing the Fed to have longer terms under TALF programs.

The Wall Street Journal reports that Nokia Siemens has made an offer for some Nortal assets.

The Wall Street Journal reports that the Ninendo Wii was outsold by the Sony (SNE) PlayStation in Japan last month.

The Wall Street Journal writes that Cox plans to build a cellular network.

The Wall Street Journal reports that Qwest (Q) warned on revenue.

The Wall Street Journal reports that loan growth has dropped each of the last three weeks.

The Wall Street Journal reports that RBS (RBS) may cut 9,000 jobs.

The Wall Street Journal reports that Big Tech M&A has disappeared.

The Wall Street Journal writes that rent price drops are not helping landlords.

The Wall Street Journal reports that companies worried about labor unions are scrambling for advice.

The Wall Street Journal reports that Pfizer (PFE) outlined its post Wyeth buyout R&D structure.

The Wall Street Journal reports that luxury cars are seeing some signs of a recovery.

The Wall Street Journal writes that mobile ads are still growing by the pace has slowed.

The Wall Street Journal reports that HTC says smart phone sales are beginning to come back.

The Wall Street Journal writes that the retail industry ired 48,000 people last month.

The Wall Street Journal reports that business bankruptcies rose sharply last month.

The Wall Street Journal reports that the cable industry is not counting on government money to expand.

The Wall Street Journal reports that the CEO of Google (GOOG) proposed that newspapers test new revenue models.

The New York Times reports that oil companies are not following Obama’s green lead.

The New York Times reports that media wants to get consumers to pay for news.

The New York Times reports that a large GM (GM) bondholder has sold most of its assets.

The FT reports that investment losses have hit public pensions, bringing down fund values by as much as 40%.

The FT reports that the head of Goldman Sachs (GS) attacked rules restricting employment of foreign employees.

Bloomberg reports that the UK economy dropped 1.5% and now looks like the 1979 recession.

Bloomberg reports that the TARP oversight panel is suggesting firing bank CEOs and liquidating weak banks.

Douglas A. McIntyre

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