In Thursday's Americas papers

20 November 2008 11:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

This time, health revamp has wings
Daschle is slated to head Health and Human Services. The effort to overhaul the nation's health system will begin with one clear advantage over previous attempts: A wide variety of interest groups are rooting for it to succeed.

Bankruptcy still off table for GM
GM is resisting suggestions that it make preparations for a bankruptcy filing, a position complicating a high-stakes face-off on Capitol Hill.

A different crisis in need of capital
As the economy sours, the nation's food banks are struggling to feed a surge of Americans who are worried about finding their next meal.

Money & Investing

Executives shift to survival mode
Executives' top concerns have shifted since the summer, a survey found, with risk-management supplanting work-force issues.

Ballmer kills hopes for Yahoo bid
Steve Ballmer said Microsoft remains "very open" to acquiring Yahoo's search business but has "moved on" from past efforts to acquire all of the Internet company. Yahoo shares plunged 21%.

South could gain as Detroit struggles
Non-union workers and more-advanced technology are helping Detroit's rivals weather the downturn better.

THE NEW YORK TIMES

Front page

Vampire movie is Cinderella story for studio
Tiny Summit Entertainment finds itself sitting atop one of the biggest pop-culture phenomena of recent years.

Discussions with Clintons as Obama creates team
Governor Janet Napolitano of Arizona and Penny Ritzier, a businesswoman, also emerged as cabinet contenders.

Business Day

Stocks are hurt by latest fear: declining prices
The Dow fell below 8,000 as concern spread that the economy might be facing a chronic and debilitating decline in prices.

After losses, pensions ask for a change
Some of the nation’s biggest companies want Congress to roll back rules requiring them to put more money into pension funds.

WASHINGTON POST

Front page

After Wall Street rescue, Bush changes course on intervention
After pledging more than $1trillion to rescue financial markets, President Bush has fought against a series of proposals for additional bailouts by Democrats and emphasized the benefits of free markets.

Arizona governor is pick for DHS
Governor Janet Napolitano is president-elect's choice for secretary of homeland security, sources say.

Business

Stocks slump as signs point to harder times
Market closes below 8,000 on news of business price cuts, fewer home starts; Fed anticipates further economic slowdown next year.

Efforts shift to GOP loan plan for Detroit
Congressional allies of the auto industry rush to put together a bipartisan aid package for faltering Detroit car companies, but lawmakers say they may leave town today without taking action.

GLOBE AND MAIL, Canada

Front page

Conrad Black pursues clemency from Bush as way out
Conrad Black is pinning his hopes on clemency from US President George W Bush as a last-ditch effort to get out of jail early, and he wants his former publishing company to foot the legal bill.

Facing a crisis, Harper instructs MPs to be less confrontational
After three years of leading one of the most combative federal governments in recent memory, Stephen Harper is telling his MPs that it's time they take the high road.

Business

Chrysler Canada seeks $1bn
Chrysler Canada Inc has asked Ottawa and Ontario for $1bn in financial assistance to help it survive through the auto crisis – the only one of the Canadian units of the Detroit Three that so far has specified how much it is seeking.

Global markets extend rout on recession fears
World stock markets tumbled Thursday, with benchmarks in Tokyo and Seoul losing almost 7 per cent each, after recession fears sent Wall Street plunging and Japan suffered its biggest drop in exports in seven years.

BUENOS AIRES HERALD

Front page

Slum dwellers hijack highway
The Illia highway was blocked on Wednesday for over eight hours, causing traffic jams in Buenos Aires City due to a protest by a group of about 100 residents from the shantytown Villa 31 and its surrounding area, known as Villa 31 bis.

Senate seen passing bill
The 72-seat Senate, which is controlled by the ruling Victory Front, is scheduled to debate the AFJP private pension funds takeover bill on Thursday.

Qaeda scorns Obama with racial slur
Al Qaeda’s deputy leader Ayman al-Zawahri on Wednesday accused Barack Obama of betraying his race and his father’s Muslim heritage and urged more attacks, as the group tried to counter the incoming US president’s global popularity.

By: Staff Reporter
+44 20 8652 3214

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