In Thursday's Americas papers

13 November 2008 11:05  [Source: ICIS news]

THE WALL STREET JOURNAL

Front Page

GOP governors look to rebuild party
Republican governors met to discuss the party's losses at the presidential, congressional and state levels, and look at how the party could be rebuilt.

India's colleges battle thicket of red tape
India's colleges face regulations that cover everything from teaching credentials to computer terminals. Critics say the red tape is stifling expansion and innovation.

Obama sheds light on administration
Obama's roster of advisers sheds light on the types of people his administration will lean on and what institutions may claim clout in the new Washington.

Money & Investing

Bailout's next phase: consumers
Paulson abandoned his original plan to buy troubled assets from financial institutions. The Treasury will now focus on struggling consumers.

Citi directors mull replacing chairman
Some Citigroup directors are considering replacing Sir Win Bischoff as chairman. Board member Richard Parsons is a leading candidate.

Bailout turns on automakers' viability
Democrats pushed ahead with proposals to bail out Detroit's automakers, but Senate Republicans are averse to giving the industry access to more taxpayer money.

THE NEW YORK TIMES

Front Page

GM’s troubles stir question of bankruptcy vs a bailout
General Motors, with dire warnings, is seeking a bailout, but sceptics point to the benefits of bankruptcy, which can offer a new start.

US shifts focus in credit bailout to the consumer
The Treasury Department on Wednesday officially abandoned the original strategy behind its $700bn effort to rescue the financial system, as administration officials acknowledged that banks and financial institutions were as unwilling as ever to lend to consumers.

Business Day

Asian stocks decline sharply
Asian stock markets had some of their steepest declines this month amid fresh worries about the state of the US and Chinese economies and poor corporate news out of the US

Life insurers facing cuts in ratings
Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, face more cuts in their credit ratings before the year is up.

WASHINGTON POST

Front Page

Bailout lacks oversight despite bn pledged
While money has been pouring out of program, no formal action has been taken to fill independent watchdog posts established by Congress.

Showdown over auto bailout
Administration signals it will reject a proposal to advance $25bn in government loans to carmakers.

Business

Treasury redefines its rescue program
Stocks fall after Treasury secretary says government will shelve plans to buy banks' toxic assets, instead focusing on injecting capital into banks, companies that lend to households and businesses.

The unemployed could use a hand, too
In hustle and bustle to fix economy, there is one thing we cannot forget to address: an extension of unemployment insurance benefits and a broadening of the programme to provide benefits to more people.

GLOBE AND MAIL, Canada

Front Page

RCMP chief acknowledges violations of 'core values'
The RCMP commissioner is asking for public patience with the national police force in light of a series of made-in-BC controversies that include the death of Polish immigrant Robert Dziekanski and recent news that a Mountie is suspected of impaired driving in a fatal collision with a civilian.

Bomber strikes US convoy in Afghanistan
A suicide bomber rammed his car into a US military convoy as it was passing through a crowded market in eastern Afghanistan on Thursday, killing at least 20 civilians and an American soldier, officials said.

Business

Premier fears Obama will force jobs out of Ontario
Ontario Premier Dalton McGuinty says he is worried that US President-elect Barack Obama will force the Detroit Three automakers to repatriate jobs by pulling production out of Canada and Mexico in return for financial aid.

Paulson flip casts doubt on bailout
The US government has abruptly scrapped a plan to buy up toxic mortgages in the latest metamorphosis of its troubled $700bn bank rescue.

BUENOS AIRES HERALD

Front Page

Green light for pension bill
The Senate’s Budget and Social Security committees yesterday cleared the government-sponsored private pension fund takeover bill for debate. Eighteen of the 30 lawmakers on the committee rubber-stamped the bill, which is now slated to be debated in a floor session of the 72-seat Senate next Thursday.

Ocaña asks Capaccioli to quit Health Ministry
A key Health Ministry official, Héctor Capaccioli, resigned yesterday. Cappacioli, who was in charge of raising funds for the ruling Victory Front in last year’s presidential campaign, quit at the request of Health Minister Graciela Ocaña.

Battle of the... donnas: discord over assistant
Argentina coach Diego Maradona is locked in a dispute with Argentina Football Association (AFA) president Julio Grondona over his choice for assistant coach.

By: Staff Reporter
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