In Friday's Americas papers

28 August 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Recession finally hits down on the farm
The American farm, which has weathered the recession better than most industries, is starting to succumb to the downturn.

Kidnap victim turns up after 18 years
A California woman, who was kidnapped in 1991 when she was 11 years old, has re-emerged after allegedly being held captive 18 years by a sex offender.

Flight rules sought for New York City
Federal safety officials called for new flight rules in the crowded airspace over Manhattan less than three weeks after a mid-air collision killed nine people.

Money & Investing

AIG asset sales may slow down
AIG’s Benmosche said he won’t rush to sell units in an effort to repay the government. Instead, he’ll wait until he can get a "fair price".

Banks on sick list top 400
The banking industry continues to deteriorate, with federal regulators adding 111 lenders to their list of endangered banks in the latest quarter, even as the economy shows signs of stabilising.

China Unicom strikes iPhone deal
China Unicom said it has reached a three-year deal with Apple to sell iPhones in China, with an official initial launch likely in the fourth quarter.

THE NEW YORK TIMES

Front page

Abuse issue puts the Justice Dept and CIA at odds
With the appointment of a prosecutor to investigate detainee abuses, conflicts between the two agencies burst into view, threatening relations between two players on President Obama’s national security team.

In village, a model for Palestinian cause
A group of left-leaning elder statesmen visited Bilin, a village that is a symbol of civil disobedience, and told protest organisers how much they admired their work.

Business Day

Boeing, behind schedule, plans Dreamliner flight
The first test flight of Boeing’s long-delayed 787 Dreamliner passenger plane will happen by the end of 2009, some two years behind schedule, the company said on Thursday.

AIG rises, and many ask why
It may have been written off as a hopeless case less than a year ago, but the stock of the American International Group shot up to $50 on Thursday, capping a fourfold gain in the last two months.

WASHINGTON POST

Front page

Accusations of vote fraud multiply in Afghanistan
One week after Afghanistan’s presidential election, with the winner still undeclared, increasing accusations of fraud and voter coercion threaten to undermine the validity of the results, deepen dangerous regional divisions and hamper the Obama administration’s goals in this volatile country.

Holder’s decision to probe CIA hints at a new dynamic
About five weeks ago, faced with a crucial decision on how to react to brutal CIA interrogation practices, Attorney General Eric H Holder Jr concluded that it would be all but impossible to follow President Obama’s mandate to move forward, rather than investigate divisive episodes from the Bush "war on terror".

Business

Banks ‘too big to fail’ have grown even bigger
A series of federally arranged mergers helped the survivors to emerge from the credit crisis with strengthened market positions.

Obama to keep Bush’s search policy
The administration will largely preserve Bush-era procedures allowing the government to search – without suspicion of wrongdoing – the contents of a traveller’s laptop computer, cellphone or other electronic device.

GLOBE AND MAIL, Canada

Front page

Ontario moves to seize bike-theft suspect’s property
Accused bicycle thief Igor Kenk is still a long way from justice on dozens of criminal charges, but that is not stopping the Ontario government from moving to take ownership of his bike repair shop, pickup trucks and 2,292 bicycles seized in police raids across west-end Toronto last summer.

Harper looks to even out the Senate
Prime Minister Stephen Harper has laid out his plan to draw even with the Liberals in the Senate.

Business

Banks shine amid gloom
Canadian banks, bolstered by surprisingly strong demand for housing and robust trading businesses, are breaking profit records in the midst of a recession.

In Britain, Robin Hood is in the regulator’s office
The financial crisis has been good for the reputations of dead economists embraced by the political left.

BUENOS AIRES HERALD

Front page

Economy Ministry reveals bond swap details
Argentina launched this week the short-term bonds swap adjusted by inflation rates, while the operation will be closing on 7 September, according to Economy Minister Amado Boudou.

‘Climate change to cost US$40bn to US$170bn a year until 2030’
Adapting to the effects of climate change such as floods and droughts will probably cost many times more than the United Nations estimates, a report said ahead of a major UN summit in December.

CFK: ‘Investing in foreign currency is not the best way to help the country’
President Cristina Fernández de Kirchner went to Buenos Aires Stocks Centre’s 155th anniversary and said that those who prefer to buy things in a foreign currency "should change their culture" and added that "Argentina needs capitals to enter the country, not to speculate but to produce companies and work".


By: Staff Reporter
+44 20 8652 3214



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