In Monday's Americas papers

17 September 2007 12:00  [Source: ICIS news]

THE WALL STREET JOURNAL
Front Page

EU court rejects Microsoft appeal
One of Europe's highest courts handed Microsoft Corp a stinging defeat in its hard-fought antitrust case, dismissing nearly all of the company's appeal of a landmark 2004 decision by the EU and upholding €497m ($685.8m) in fines.

Greenspan's dismay extends both ways
Former Federal Reserve Chairman Alan Greenspan spent much of the past 40 years as an influential economic adviser to both Republicans and Democrats, but today feels estranged from both. News coverage of his memoir has focused on his criticism of Republicans for forsaking their small government principles.

Too much hope may be pinned on rate cut
Investors are putting a lot of hope in the Federal Reserve's ability to ride to the rescue tomorrow. Maybe too much hope.

Money & Investing

How Lehman sold plan to sidestep tax man
Wall Street firms have long sought to use financial alchemy to save clients a bundle on their tax bills. Now, one of the Street's cleverest strategies is coming under scrutiny.

Funds struggle with pricing pitfalls
The market's swings are making it harder for some mutual funds to answer a basic question: what are their holdings actually worth?

A weekend of worry tests big UK lender
After a weekend of worried customers crowding to withdraw their deposits - more than £1bn ($2bn) - British mortgage bank Northern Rock faces a crucial week in its efforts to salvage an increasingly beleaguered business.

THE NEW YORK TIMES
Front Page

Bush to name ex-judge as successor to Gonzales
President Bush has decided to nominate Michael B Mukasey, a former federal judge from New York who has presided over some high-profile terrorism trials, as his next attorney-general and is expected to announce the selection Monday, according to several people familiar with the decision.

Using crayons to exorcise Katrina
One of the most common images in children’s art is the house: a square, topped by a pointy roof, outfitted with doors and windows.

Business Day

GM talks with union said to be breaking down
Talks between the United Automobile Workers and General Motors appeared on the verge of collapse Sunday night, even though the two sides had overcome a major sticking point in the negotiations, the creation of the healthcare trust that would assume responsibility for workers’ benefits.

At 25, ‘McPaper’ is all grown up
This summer, a series of long, investigative articles explored why most American troops in Iraq still do not have vehicles that could protect them from explosives, though the vehicles were available years ago and the Iraqi military has them. The series appeared in USA Today. Yes, USA Today.

THE WASHINGTON POST
Front Page

Ex-judge is said to be pick at justice
President Bush has selected retired federal judge Michael B Mukasey as his new attorney-general, sources said yesterday, moving to install a law andorder conservative at the Justice Department while hoping to avoid a confirmation fight with Senate Democrats.

Crocker blasts refugee process
The US ambassador to Iraq warned that it may take the US government as long as two years to process and admit nearly 10,000 Iraqi refugees referred by the UN for resettlement to the US, because of bureaucratic bottlenecks.

Business

Greenspan: ouster of Hussein crucial for oil security
Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been "essential" to secure world oil supplies, a point he emphasised to the White House in private conversations before the 2003 invasion of Iraq.

Defense begins transition to merit-based pay
The Pentagon is taking its first big step to break away from the government's primary pay system, sending a strong signal to Defense Department civilian workers that their salaries will increasingly hinge on job performance.

GLOBE AND MAIL, Canada
Front Page

PM's office kept tight rein on terror file
The Prime Minister's central team of bureaucrats was determined to control every aspect of the government's response to Canada's biggest ever anti-terrorism raids, according to documents obtained by The Globe and Mail.

OJ Simpson held without bail
Police arrested OJ Simpson on Sunday, saying he was part of an armed group who burst into a Las Vegas hotel room and snatched memorabilia that documented his own sports career, long ago eclipsed by scandal.

Business

Use soaring loonie to go high tech, Flaherty says
As the loonie hits a 30-year high, the federal Finance Minister is calling on the beleaguered manufacturing sector to compete with other countries by boosting investment in high technology rather than relying on cheap labour.

The great Western job rush
What's that great sucking sound? It's Western Canada pulling workers from across the country into jobs created by the region's booming economy.

BUENOS AIRES HERALD
Front Page

Lavagna: it’s the inflation, stupid
His remarks come two days after Central Bank President Martín Redrado admitted at a forum in London that inflation here was "worrying," an acknowledgement which caused ripples within the government.

Greenspan pens potshot at Bush
A self-described "libertarian Republican", Greenspan takes his own party to task for forsaking conservative principles that favour small government. "My biggest frustration remained the president’s unwillingness to wield his veto against out-of-control spending," Greenspan wrote.

Al-Qaeda bounty for Swedish cartoonist
Abu Omar al-Baghdadi, leader of the self-styled Islamic State in Iraq, also offered $50,000 to anyone who killed the editor of the newspaper that published the drawing by Lars Vilks depicting the head of the Prophet on the body of a dog.


By: Staff Reporter
+44 20 8652 3214



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