In Monday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Rise of a new era in Japan
Japanese voters overwhelmingly rejected the party that has largely ruled their nation for most of the past half a century, choosing instead an untested rival to grapple with an enfeebled economy and an aging society.

Merkel’s CDU suffers in German state polls
German Chancellor Merkel’s conservative party suffered heavy losses in regional elections, encouraging left-leaning parties ahead of national elections next month.

Euro-zone inflation remains negative
Consumer prices in the euro zone in August fell 0.2% from the year-earlier period, Eurostat reported in a preliminary estimate.

Money & Investing

Big firms quick to collect, slow to pay
Large companies, in a power play, are paying their bills more slowly while at the same time insisting they receive collections from their smaller suppliers more quickly.

Raft of deals for failed banks puts US on hook for billions
The FDIC is absorbing banks’ risk on billions in loans to try to spur companies to pick through the wreckage of fallen rivals.

FAA faces southwest dilemma
Southwest Airlines and the FAA continued to grapple over whether the carrier needs to ground more than 50 jets that have unapproved parts.

THE NEW YORK TIMES

Front page

Increasing accounts of fraud cloud Afghan vote
A Kabul teacher assigned to run a polling station in this village arrived at 6 am on Election Day to find the ballot boxes already full, well before the voting was to start.

With bold stand, Japan opposition wins a landslide
The Democratic Party of Japan has promised to reverse the economic decline and redefine Tokyo’s relationship with the US.

Business Day

Still in development: A film culture in Dubai
Persian Gulf cities have proved more able to build expensive facilities than to actually lure production to the Middle East, as economic efforts run up against their traditional values.

France pursues tax cheats using Swiss banks
A French government official said the authorities had achieved a breakthrough in obtaining Swiss bank account data amid a push to catch tax avoiders.

WASHINGTON POST

Front page

Many women stayed away from the polls in Afghanistan
Five years ago, with the country at peace, traditional taboos easing and Western donors pushing for women to participate in democracy, millions of Afghan women eagerly registered and then voted for a presidential candidate.

Environmentalists slow to adjust in climate debate
The oil lobby was sponsoring rallies with free lunches, free concerts and speeches warning that a climate-change bill could ravage the US economy.

Business

An American icon arrives in India with a rumble
Harley-Davidson is looking for Indian dealers so it can roll out its first bikes in the first half of 2010, but the company does not plan to manufacture or assemble any motorcycle parts in India, instead importing the bikes, riding gear and accessories from the US.

Fewer contracts for small firms
Officials of small businesses assert that the government repeatedly fails to meet its obligation to set aside work for them, and demand that the Obama administration dramatically increase federal contracts awarded to their firms.

GLOBE AND MAIL, Canada

Front page

Premier to overhaul OLG as spending scandal brews
The chairman of the Ontario Lottery and Gaming Corp plans to resign as early as today in a pre-emptive strike by the McGuinty government aimed at heading off a potential scandal over lavish spending on travel and entertaining, sources say.

MLSE, NHL at odds over rights
The NHL’s oft-stated position that its teams cannot protect their territories by casting a veto at the board of governors table is not shared by the Toronto Maple Leafs, one of two teams that could be affected if Canadian billionaire Jim Balsillie is able to move the Phoenix Coyotes to Hamilton.

Business

In Mackenzie Valley, frustration and a sense of foreboding
Fred Carmichael was a young commercial pilot eager for business in the North when Thomas Berger issued his landmark report in 1977 that recommended a moratorium on development of the proposed Mackenzie Valley gas pipeline.

Ottawa probes mortgage brokerages
The federal privacy commissioner is auditing a number of mortgage brokerages because of concerns about the security of borrowers’ personal financial information, The Globe and Mail has learned.

BUENOS AIRES HERALD

Front page

Colombian President Álvaro Uribe has H1N1
Álvaro Uribe has the H1N1 virus, according to sources from the National Health Institute in Bogotá.

Chávez says US bases in Colombia are ‘a threat to security’
Venezuela’s President Hugo Chávez spoke about the UNASUR meeting, held last week in Bariloche, and said that "any external attempt to divide the organism" will fail.

‘Farmers are ready to block the roads if provoked’, Buzzi
Eduardo Buzzi, head of the Argentine Agricultural Federation said that farmers could hit and block the roads if provoked.


By: Staff Reporter
+44 20 8652 3214



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