In Tuesday's Americas papers

06 January 2009 11:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Stimulus plan would expand tax credit
Obama's team revealed more details of his stimulus plan, including expanding the child tax credit for poor families.

Frugal families aggravate nation's economic woes
As layoffs and store closures grip the US, families are hoping frugality will see them through the downturn.

Money & Investing

US auto sales continue to skid
GM, Toyota and Ford reported US sales declines of more than 30% for December, capping off a dismal year for the auto industry. Chrysler's plunged 53%.

Prosecutors seek to jail Madoff
Prosecutors sought to have Madoff jailed, while SEC officials were grilled on Capitol Hill for having repeatedly overlooked signs of his alleged decades-long fraud.

THE NEW YORK TIMES

Front page

Panetta chosen as CIA chief in surprise step
The choice of Leon E Panetta, a former White House chief of staff, to head the intelligence agency raised questions about his relevant experience.

Food dance gets new life: bees on cocaine
To learn more about the biochemistry of addiction, scientists are giving bees cocaine and have found the insects react much like humans do.

Business Day

GMAC’s government ride
The federal lifeline for GMAC has some features that might irk taxpayers.

Automakers fear a new normal of low sales
The across-the-board decline in car sales is certain to put more pressure on the fragile finances of manufacturers.

WASHINGTON POST

Front page

Obama pitches stimulus to sceptical House GOP
During visit to Capitol Hill, president-elect works to reassure Republicans and seeks their input about massive economic stimulus package.

Teams play the blame game
Richardson, Obama camps exchange comments over disclosure of information about investigation.

Business

SEC expands probe in Madoff case
The SEC's inspector general looks to identify not only the officials who failed to uncover Madoff's alleged activities, but also whether they're able to respond appropriately and effectively to complaints.

Apple chief announces update on his health
Steve Jobs reveals he is afflicted with a protein-depleting hormone imbalance, and on Wall Street the news is greeted with a rally.

GLOBE AND MAIL, Canada

Front page

Golden again
Late in the second period of the gold-medal game, Sweden was down two goals and wasting power-play opportunities without even threatening Dustin Tokarski in the Canadian net.

Canada lagged in getting citizens out of Gaza
Canada only asked Israel for help in getting its stranded citizens out of Gaza after hundreds of other foreign nationals were able to depart, and as a ground assault was preparing to roll in.

Business

Caisse engulfed by political battle
The fund's CEO steps down four months into the job, an appointment that tore a rift between its board and the Quebec government.

Madoff scandal puts SEC on hot seat
The US Securities and Exchange Commission is facing a sweeping internal investigation into allegations its officials ignored complaints about Bernard Madoff for 10 years and were influenced by Mr Madoff's clout and personal connections to SEC staff.

BUENOS AIRES HERALD

Front page

Battles in Gaza City environs
Israel ignored mounting international calls for a ceasefire yesterday and said it won’t stop its crippling 10-day assault until "peace and tranquillity" are achieved in southern Israeli towns in the line of Palestinian rocket fire.

Car loans off and running
The cut-rate car loans announced by President Cristina Fernández de Kirchner in December will be in effect as today.

Chinese government leans on web portals
China warned Google and other popular web portals yesterday that they must do more to block pornographic material from reaching Chinese users, the latest in a series of government crackdowns targeting Internet content.

By: Staff Reporter
+44 20 8652 3214

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