Blinkies, or lost highlights contain no data. So nothing can be restored. You can replace the highlights with a different grey or colour, in an editing program, but that will most likely not look natural.
when there is no data, the printer will not put ink there opposite to lost shadows where the printer puts load of ink and you get the shiny black surface on the paper.
Pictures with a lot of contrast are hard to control. Imagine a castle with a bright sky, and the castle wall is in the shadow. If you expose for the castle the sky will be blinking and if you expose for the sky the castle wall will be dark, nearly black. Your camera has several exposure metering settings, I do not know the D60, but I assume it has matrix, centre-weighted and spot metering modes. The spot metering will give the above scenario. The centre weighted system is in normal circumstances my favourite and will put more emphasis on the centre part of the image as far as metering is concerned. However in High Contrast scenes the Matrix system might give you the best results, Here the camera compares sections from the whole sensor.
However it is unlikely that the camera can cope with a high contrast image and in those circumstances it is best to take some bracketed shots eg. 1 underexposed, 1 normal and 1 overexposed shot. Combining these in photoshop would give you the best result. If that is not possible however I would underexpose the image without getting blinkies and bring out the darker bits in photoshop and live with the noise this brings out. Alternative is shooting in RAW and under/overexpose that way for combining in PS.
Quick and simple method is using the Shadows/Highlights function in photoshop That can bring good results, or you can follow the masses and make one of these horrid HDR images.
Hope this is at least a bit of help.