In Thursday's Americas papers

11 September 2008 11:23  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Confidence in Lehman shaken
Fuld called Wall Street executives to see if they were still trading with his firm and offering it credit as Lehman's stock teetered in recent weeks.

Street firms accused of tax scheme
Some Wall Street firms marketed allegedly abusive deals that helped foreign hedge-fund investors avoid US taxes, a probe found. 

Adviser warned Palin on trooper issue
An ethics adviser urged Palin in July to apologize for her handling of the dismissal of Alaska's police chief and warned that the matter could snowball into a bigger scandal.

Money & Investing

Exports prop up local economies
Exports have become a key to greater local prosperity in the US more than at any time in decades, fuelled by the dollar's fall.

EU sharply cuts economic forecast
Lower forecasts for growth in Europe underscored concerns that the region could slip into recession this year.

Banks move to shore up currencies
As once-robust currencies tumble, governments are stepping in to defend them in their largest such moves in years.

THE NEW YORK TIMES

Front page

Bush said to give orders allowing raids in Pakistan
The order allowing Special Operations forces to act without the prior approval of the Pakistani government underscores US concerns over Pakistan’s ability and will to combat militants.

Sex, drug use and graft cited in interior department
The Interior Department agency that collects oil and gas royalties has been caught up in a broad ethics scandal, including allegations of financial self-dealing, accepting gifts, cocaine use and sexual misconduct.

Business Day

Pressure builds as Lehman faces mounting losses
Lehman’s fortunes dwindled further on Wednesday as the firm, staggered by the biggest loss in its 158-year history, fought to regain confidence among investors.

Tough fight for chief at Lehman
Richard Fuld, chief of Lehman Brothers for the last decade and a half, is trying to save an institution mired in the throes of flagging confidence.

WASHINGTON POST

Front page

From families' grief, a symbol of loss, hope
The completion of the memorial is not the result of a large-scale government endeavour, but one led by a determined group of victims' family members who have channelled their sorrow into a ceaseless fundraising campaign.

Lives shaped by loss
Children who lost a parent on 9/11 still grapple with what it means to have had a childhood so steeped in national tragedy, so riven with anguish and pain.

Business

Lehman brothers to sell assets
After a $3.9bn loss in the third quarter, the investment bank announces it will sell a majority stake in its investment-management division, cut dividends and spin off about $30bn in real estate.

GLOBE AND MAIL, Canada

Front page

NDP support doubles in BC, poll suggests
The New Democratic Party has nearly doubled its support in British Columbia battleground ridings in less than a week at the expense of both the Liberals and the Conservatives, a poll shows.

Is al-Qaeda network as strong as ever?
Seven years after the 9/11 attacks, al-Qaeda has spread its violent tentacles across Pakistan, while its ally, the Taliban, have staged a bloody comeback in Afghanistan.

Business

Lehman's survived crises before. This may be its toughest yet
Lehman Brothers Holdings Inc. has faced disaster all too often in its 158-year history, but the troubled US brokerage firm and brawling boss Richard Fuld may be closer than ever to the brink after markets soured on the latest rescue plan.

Sliding crude takes pressure off inflation
Falling energy prices are hammering stocks and hurting profits in the oil patch, but for consumers and many companies, lower crude prices will bring relief from spiralling price pressures.

BUENOS AIRES HERALD

Front page

August inflation pegged at 0.5%
The government yesterday reported consumer prices rose 0.5% in August, a slightly lower-than-expected figure that is likely to fuel accusations of under-reporting of inflation data. 

Farm leader De Angeli injured in plane crash
Entre Ríos FAA leader Alfredo De Angeli yesterday suffered slight injuries when the engine of the aircraft he was travelling in choked seconds after it took off, and the plane crashed. 

‘Big Bang’ blip of cosmic proportions
Physicists around the world, some in pajamas and others with champagne, celebrated the first tests yesterday of a huge particle-smashing machine they hope will simulate the “Big Bang” that created the universe.

By: Staff Reporter
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