In Thursday's Americas papers

03 April 2008 11:00  [Source: ICIS news]



Front Page


US slump takes toll across globe
Economies that bet on debt-strapped US consumers aren't faring as well as some old-fashioned economies but offer important insight for finance ministers who meet in coming weeks to discuss financial regulation.


Southwest’s ties triggered tumult
Allegations made by two FAA inspectors that Southwest Airlines was trying to pick and choose which inspectors regulated it have rattled the industry and sparked broad debate about the adequacy of airline regulation.

Bernanke says 'recession' may be near

Bernanke raised the prospect of a US recession as the economy staggers under a housing crisis and tightening credit conditions. But he expects the economy to rebound slowly in the second half of the year amid the impact of lower rates and stimulus legislation.


Money & Investing


European airline merger is off

Air France-KLM's chief broke off talks to buy Alitalia after failing to reach an accord with labour unions. Alitalia's chairman resigned after Air France pulled out.


Actors guild faces drama in its ranks
As the Screen Actors Guild gets set to begin contract negotiations with the Hollywood studios - and tries to avert a crippling strike like the recent walkout by writers - the union first must address some strife within its own ranks.


Flu economy takes unexpected turn
The surprising course of the latest flu season - one of the most unpredictable in years - has been a headache for companies from tissue makers to hospital owners.




Front Page


US cites planning gaps in Iraqi assault on Basra
Interviews suggest that Iraq’s Prime Minister Nouri Kamal al-Maliki overestimated his military’s abilities and underestimated the scale of the resistance in Basra.


In Nepal, long-lived monarchy fades
King Gyanendra at a Hindu festival in Kathmandu in March. At last year’s festival, a crowd hurled stones at him. The monarchy could be scrapped next week.


Business Day


Unsold homes tie down would-be transplants
The housing slump is distorting the normal working of the American job market, restricting workers’ ability to pursue better career opportunities.


In Senate, agreement on housing

Senate Democrats and Republicans reached a tentative deal on a package of tax breaks, grants and tax-exempt bonds to help homeowners and stabilise the housing market.




Front Page


NATO Alliance invites Croatia, Albania to join
After vigorous debate, NATO political leaders effectively reject Bush's bid for roadmaps to membership for Ukraine and Georgia.


Belatedly, the bad news bearer
It's (semi) official: we're in a recession. The Federal Reserve chairman didn't come right out and say it in his appearance before the Joint Economic Committee yesterday, but in his carefully hedged, deliberate mumbo jumbo, Ben Bernanke delivered a message as stark as bread lines and shantytowns.




Armour contracts filled without initial tests
Officials with the inspector-general's office say its auditors did not test the body armour for army soldiers or look for flaws after it was made and put into use.


FAA: four airlines probed after safety audit
Officials say disclosures of maintenance problems prompted investigation of major airlines that were not complying with federal safety directives.




Front Page


NATO answers Harper's request
NATO allies have answered Canada's call for troop reinforcements in southern Afghanistan, partly fulfilling Ottawa's conditions for extending a military mission in one of the deadliest regions of the country.


Mugabe loses control of Harare legislature
Robert Mugabe's Zanu-PF party lost control of the House of Assembly to the opposition yesterday, in the first defeat the ruling party has suffered since independence in 1980 and the first certain sign that change is coming to Zimbabwe.



RIM rocks as the economy reels
Research In Motion has found a new best friend in Facebook. In less than six months, more than one million BlackBerry users have downloaded an application that allows them to update their Facebook page, and send messages and photos through the social networking site.


Now it's her chance to stretch
It was a somewhat shambling and occasionally discursive Chip Wilson who popped up at a marketing conference a month ago and started talking about growing up in the seventies: "Kinda like the women's lib kinda time."




Front Page


CFK likens protest to ‘76 lockout
As tens of thousands of Argentines rallied in her support yesterday, President Cristina Kirchner blasted striking farmers, comparing their nearly three-week-old protest to a similar 1976 strike that sowed chaos one month before a military coup.


Gov’t denies beef export suspension
Meat industry sources said yesterday beef shipments had been halted amid a 20-day-old farm lockout that has emptied butchers’ counters. However, an e-mailed statement from the government’s customs agency later denied beef exports had been suspended, saying officials had simply been checking documents related to shipments.


Zimbabwe opposition ‘on verge of power’
Zimbabwe’s main opposition leader insisted yesterday that he has won presidential elections outright and wasn’t negotiating to ease out President Robert Mugabe, who has led Zimbabwe from liberation to ruin.

By: Staff Reporter
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