In Friday's Americas papers

24 October 2008 12:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Chamber of Commerce makes push for GOP
The US Chamber of Commerce is pouring millions into an advertising push to prevent Democrats from winning the Senate.

Voting snafus rare but worrisome
What are the chances that the 2008 election will be decided in the courts? Small, say experts - but big enough to worry.

Money & Investing

Cerberus looks for 'fresh air' at GM
Cerberus would look to retain a "meaningful stake" in the company emerging from a combined Chrysler and GM.

Shipping firms gear down
Transportation companies are reporting sharply lower freight volumes, a sign that the pipelines of global commerce have begun to slow.

THE NEW YORK TIMES

Front Page

West is in talks on credit to aid poorer nations
With the financial crisis engulfing developing countries, Western officials are weighing coordinated action to try to stabilise these economies.

Asian markets plummet on earnings fears and Europe follows
Japan and South Korea led Asian stock markets in steep declines. The Nikkei plunged 9.6%, and Europe’s major exchanges opened down about 5%.

Business Day

US Vows more help for homeowners
As foreclosures continue to rise, the government said it would do more to help homeowners by insuring against losses on some modified loans.

Greenspan concedes error on regulation
Alan Greenspan, the former Federal Reserve chairman, told a House panel that he "made a mistake" in trusting that free markets could regulate themselves.

WASHINGTON POST

Front Page

AIG has used much of its $123bn bailout loan
Less than a month after the government saved it from bankruptcy, troubled insurance giant AIG has paid off bad bets related to mortgage investments.

Treasury to invest in more banks
A group of regional banks is to join nation's largest banks in accepting government investment.

Business

Federal parking fines go unpaid
The military and FBI top the list of workers in Washington DC and New York who failed to pay $176K in fines last year.

Rays even series with 4-2 win
In the World Series, Tampa Bay bounces back in Game 2 against the suddenly weak-hitting Phillies.

GLOBE AND MAIL, Canada

Front page

Independence key to LaForme's resignation
Judge faced question of whether he wanted to spend five years fighting for his own independence and authority.

Lucky for him, he stayed close to home
He was on the same watch list and subjected to the same raids, but unlike several of his acquaintances who travelled abroad, the Montreal mechanic was never tortured.

Business

Dollar's dive hits firms that hedged currency
The plunging dollar has blindsided Canadian companies that made the wrong call on exchange rates when they took out currency hedges to mitigate their risks.

Carney shifts gaze to money traders
Bank of Canada Governor Mark Carney fired a warning shot Thursday at the traders who have taken the country's currency on an unprecedented roller-coaster ride over the past month.

BUENOS AIRES HERALD

Front page

'Superpowers' thrust on Macri
The opposition in the Buenos Aires City Legislature on Thursday granted City Mayor Maurcio Macri the authority to reallocate budget funds. The move allows Mauricio, the head of the centre-right coalition PRO, the power to increase teachers’ salaries.

BA province minister backs Scioli’s proposal on crime
A top official of Buenos Aires province, a hotbed for crime in Argentina, defended a call on Thursday by Governor Daniel Scioli to lower the age of criminal responsibility, and warned that a national administration drive to decriminalise personal drug consumption could push young people into drug-trafficking.


By: Staff Reporter
+44 20 8652 3214



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