In Wednesday's America papers

20 August 2008 13:41  [Source: ICIS news]

THE WALL STREET JOURNAL

Front Page

Rising cost of debt stokes fears
Freddie Mac was forced to offer unusually rich terms to investors in a $3 billion (€2.04 billion) auction of its debt, raising a new concerns about the health of the mortgage giant, a vital prop for the US housing market.

Biden's Foreign policy background
Delaware Sen. Joseph Biden returned from a visit to the war-torn country of Georgia to find himself in a new spotlight as speculation intensifies over Barack Obama's imminent choice of a running mate.

Wachovia unloads troubled loans
In an early sign that investors are starting to pounce on the billions of dollars of troubled land and construction loans that banks are looking to unload, a venture headed by LandCap Partners is buying $40 million of such assets from Wachovia Corp.

Money & Investing

Producer prices rose 1.2% in July
Producer prices surged last month to their highest annual rate in 27 years, showing inflation is still running high even as the US economy slows. Most Fed officials are betting inflation will moderate in coming months, but some policy makers remain uneasy about price increases spreading through the economy.

German investor sentiment Improves
German investor sentiment improved in August on declining oil prices and a weaker euro, the ZEW survey showed on Tuesday.

Growth wanes for India's tech titans
India's information-technology industry is losing steam. The credit crunch and spending slowdown in the US are hurting the companies' biggest market, while a cheaper dollar shrinks their profits. Competition is rising from other low-cost nations.

THE NEW YORK TIMES

Front Page

Obama’s ads in key states go on attack
Senator Barack Obama has started a sustained and hard-hitting advertising campaign against Senator John McCain in states that will be vital this fall, painting Mr. McCain in a series of commercials as disconnected from the economic struggles of the middle class.

For Coach, god and archery are a package deal
Two weeks before leaving to compete in the Olympics, the archer Brady Ellison waded into a pool not far from the Olympic Training Center in Chula Vista, Calif., and was baptized in the Christian faith.

Business Day

Rising cost of debt stokes fears
Freddie Mac was forced to offer unusually rich terms to investors in a $3 billion auction of its debt, raising anew concerns about the health of the mortgage giant, a vital prop for the US housing market.

Biden's foreign policy background
Delaware Sen. Joseph Biden returned from a visit to the war-torn country of Georgia to find himself in a new spotlight as speculation intensifies over Barack Obama's imminent choice of a running mate.

WASHINGTON POST

Front Page

Citizens' U.S. border crossings tracked
The federal government has been using its system of border checkpoints to greatly expand a database on travellers entering the country by collecting information on all U.S. citizens crossing by land, compiling data that will be stored for 15 years and may be used in criminal and intelligence investigations.

Candidates' abortion views not so simple
The narrative of the presidential campaign appeared to be set on the issue of abortion: Sen. Barack Obama was the abortion-rights candidate who was reaching out to foes, seeking common ground and making inroads. Sen. John McCain was the abortion opponent whose reticence about faith and whose battles on campaign finance laws drew suspect glances from would-be supporters.

Business

Break on cost of textbooks unlikely before last bell, 2010
The rising cost of college textbooks has driven Congress and nearly three dozen states -- including Maryland and Virginia to attempt to curtail prices and controversial publishing practices through legislation. But as the fall semester begins, students are unlikely to see much relief.

GLOBE AND MAIL, Canada

Front Page

Be ready for fall election, Harper warns
Prime Minister Stephen Harper set a collision course for a fall election on Tuesday, indicating he has given up on the fixed date his government wrote into law and will decide in a few weeks whether to call a national vote.

Accept the reality of private health care: CMA chief
The natural next step for Canada's health system is allowing more private delivery, which will give patients more choice, and better access to care, the new president of the Canadian Medical Association says.

Business

Smack down in Toyland2
With Indiana Jones and Star Wars in its war chest, Lego has made an impressive comeback. Meanwhile, Mega Brands has been forced to retreat after a series of safety-related recalls. Can the Canadian upstart mount a counterattack of its own?

Hebron deal heralds offshore oil rush
After a worrisome hiatus, the ocean drilling rigs are returning to Newfoundland waters this year, the most visible sign that the rapprochement between Premier Danny Williams and international oil companies extends beyond today's planned signing of the Hebron offshore deal.

BUENOS AIRES HERALD

Front Page

Trial opens on Cromañón tragedy
As lawyer José Iglesias read out the charges filed against Chabán and Callejeros — the 15 defendants in the case, if found guilty, will be charged with aggravated murder — Chabán bowed his head, exactly the same posture he held while a court lawyer read out the events leading to the December 30, 2004, Cromañón club fire blaze tragedy in the Buenos Aires City district of Once.

3-0 Argentine samba in Beijing
Argentina forward Sergio Agüero scored twice to help the Olympic champions to a 3-0 win over Brazil in their semi-final yesterday.

Cyclists win 1st gold for Argentina
The three teams were the only ones that managed to lap the main bunch during the 200 lap race. Argentina scored a total of 8 points, Spain had 7 and Russia finished with 6 points.


By: Staff Reporter
+44 20 8652 3214



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