In Tuesday's Americas papers

09 June 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Buddhist Monk faces Worldly Green-Card Matters
Monk Phra Bunphithak Jomthong entered the US four years ago on a religious visa and has since devoted himself to serving a burgeoning Buddhist community in Southern California.

Gordon Brown survives revolt
Brown won the backing of his Labour Party, snuffing out an internal rebellion, but he has not extinguished long-term questions over his leadership.

FAA chief faces test on commuter safety
The Federal Aviation Administration's new chief, Randy Babbitt, will face his first major test on Wednesday when lawmakers question him about whether the agency has adequately policed safety at commuter airlines - until recently one of the industry's fastest-growing segments.

Money & Investing

High Court stymies quick sale of Chrysler
The US Supreme Court threw the sale of Chrysler LLC to Fiat SpA into uncertainty while it decides whether to hear an appeal of the deal.

Finance reforms pared back
The Obama administration is backing away from seeking a major reduction in the number of agencies overseeing financial markets, people familiar with the matter say, suggesting that the current alphabet-soup of regulators will remain mostly intact.

US to press Europe for tougher bank stress tests
The Obama administration wants Europeans to put their banks through more rigorous public stress tests to help ensure that the institutions survive if the economy slips from bad to worse.

THE NEW YORK TIMES

Front page

Seoul imposes sanctions on N Korea
South Korea imposed its first financial sanctions on North Korean companies, officials said on Tuesday, taking a symbolic action that could anger the Communist regime while bolstering a joint front with the United States as the allies seek to punish the North for its recent nuclear test.

In Lebanese vote, hopeful signs for US
There were many domestic reasons voters handed an American-backed coalition a victory in Lebanese parliamentary elections on Sunday - but political analysts also attribute it in part to President Obama’s campaign of outreach to the Arab and Muslim world.

Business Day

Supreme Court order delays Chrysler sale
The effort by the administration of President Barack Obama to hurry Chrysler through bankruptcy court ran into an unexpected last-minute delay, when the Supreme Court said it could consider whether to hear the objections of three Indiana state funds and consumer groups.

High gas prices could slow recovery
After just a few months of relief at the pump, cheap gasoline is disappearing. Gas prices have risen 41 days in a row, to a national average of almost $2.62 a gallon.

WASHINGTON POST

Front page

CIA urges judge to keep Bush-era documents sealed
The Obama administration objected yesterday to the release of certain Bush-era documents that detail the videotaped interrogations of CIA detainees at secret prisons, arguing to a federal judge that doing so would endanger national security and benefit al-Qaeda's recruitment efforts.

Varied opinion on health reform
US decision makers agree that the system is broken. Consensus breaks down on how to fix it.

Business

A battle over regulatory overhaul
Administration's upcoming plan for overhauling financial regulation pits competing interests among businesses, consumers, government agencies and lawmakers against one another.

Banks may need new stress tests, panel says
The federal government should repeat its stress tests of the nation's largest banks if its assumptions about the severity of the economic downturn prove too rosy, according to a congressional oversight report to be released today.

GLOBE AND MAIL, Canada

Front page

Raitt's comments on 'sexy' isotopes crisis released
A recording in which Natural Resources Minister Lisa Raitt disparages a cabinet colleague and describes the isotope crisis as a "sexy" story was made public on Monday night, adding new difficulties for a minister who is accused of racking up big expense bills in a former job and who lost a staff member over the mishandling of secret documents.

$30,000 for 78 hours: Scandal grows at eHealth Ontario
The eHealth Ontario saga widened on Monday with revelations that a consultant was paid $30,000 for 78 hours work and the son of board chairman Alan Hudson worked for a firm closely connected to the agency before leaving for IBM.

Business

US ports take aim at BC rivals over subsidies
Canadian ports are being targeted by US rivals as trade rule scofflaws benefiting from illegal government subsidies - part of a mounting wave of American protectionism as the global recession hammers shipping traffic.

Air Canada, unions reach deal on pension funding
Air Canada reached a tentative deal Monday night with three unions for a 21-month moratorium on pension funding, with management agreeing to let employees become part-owners of the airline.

BUENOS AIRES HERALD

Front page

Air France body count reaches 24
Authorities confirmed today that more bodies were found from the Air France flight that disappeared last week.

Judge summons De Narváez into questioning
Federal Judge Federico Faggionato Márquez officially summoned Unión PRO candidate Francisco De Narváez into obligatory questioning today in the Lower House.

Kirchner calls Venezuela's exclusion from Mercosur block 'absurd'
Former President and current congressional candidate Néstor Kirchner said that although Argentina does not follow Venezuela's political model, it would be imprudent to side with the businesses and opposition members that do not want to include the country in the Mercosur block.

By: Staff Reporter
+44 20 8652 3214

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