In Wednesday's Americas papers

14 October 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

UK to add troops in Afghanistan
Britain is preparing to deploy about 500 reinforcements to Afghanistan, even as the Obama administration re-evaluates its entire approach to the conflict.

Barroso pressures Czechs on Lisbon
The European Commission head sought to increase pressure on the Czech Republic to ratify the Lisbon Treaty so that the deal to overhaul the EU can come into force by year-end.

Fed Vice Chairman sees tamed inflation threat
Federal Reserve Vice Chairman Donald Kohn signalled on Tuesday that interest rates could stay low for a long time, saying that a subdued US economic recovery with sluggish growth would keep inflation at bay.

Money & Investing

Wall Street on track to award record pay
Major US banks and securities firms are on pace to pay workers about $140bn this year, a record that shows compensation is rebounding.

Turmoil upends credit-card disputes
New York financier J Michael Cline aimed to build a debt-collection empire. Instead, his plans unraveled and his woes are prompting a major shift in the way many US consumer-debt disputes are settled.

An apartment complex teeters
One of the biggest, most high-profile deals of the commercial real-estate boom is in danger of imminent default, say people familiar with the matter, signalling the beginning of what is expected to be a wave of commercial-property failures.

THE NEW YORK TIMES

Front page

Saudis seek payments for any drop in oil revenues
Saudi officials reiterated a call for oil-producing countries to be compensated if rich nations reduce their consumption, in advance of negotiations in December.

10,000 exchange marriage vows before Rev Moon
In what may be the last mass wedding officiated by the Rev Sun Myung Moon, the controversial and enigmatic founder of the Unification Church, blessed thousands of couples who traveled from more than 100 countries to tie the knot on Wednesday.

Business Day

Still on the job, but making only half as much
Pay cuts are occurring more frequently than at any time since the Great Depression.

Hybrid cars may include fake vroom for safety
Makers of hybrid and electric vehicles are working to let them emit sounds, so people can hear them approaching.

WASHINGTON POST

Front page

Health insurers emerge as Obama’s top foe in reform effort
For months, President Obama and his administration waged their fight for a health-care overhaul without a clear opponent, even courting the industry executives and interest groups that helped kill reform efforts 15 years ago. Now they have an enemy.

Finance committee passes bill with one GOP vote
As the last of five congressional committees completed work on Tuesday on a health-care reform package, lawmakers braced for a debate before the full House and Senate about whether Americans are ready to embrace the far-reaching changes necessary to extend coverage to millions of Americans.

Business

Ford, UAW agree to labour contract
According to labour officials, the company and United Auto Workers reach tentative accord, completing a round of union concessions that began earlier this year during the near-collapse of the industry.

AIG advised to limit bonuses
Obama’s "pay czar" says company should scale back $198m in bonuses at its troubled Financial Products unit as part of efforts to avoid another public uproar over payouts that followed the federal bailout.

GLOBE AND MAIL, Canada

Front page

Canada rejects Mexican police officer’s claim for asylum
Gustavo Gutierrez Masareno was the model Mexican law-enforcement officer.

Ottawa’s plan to shelve flu vaccines breeds dissent in health ranks
Dissent over Canada’s H1N1 vaccination strategy continued to quietly mount in the country’s medical community on Tuesday as the top public health official announced the government will temporarily leave nearly 1m doses of the vaccine on the shelf till early November.

Business

China’s oil thirst spurs race to meet demand
China’s energy juggernaut is revving up, boosting global oil demand beyond what was expected and creating an opportunity for Canadian producers now focused on the US.

A pipeline so big it’ll move the markets
The opening of a 3,456-km-long TransCanada (TRP-T) pipeline is set to boost demand for heavy oil, an added bonus for an industry already enjoying surging crude prices.

BUENOS AIRES HERALD

Front page

Macri administration launches new Media Bill for BA City
Government head Mauricio Macri’s administration launched a project for the regulation of cable television in the city of Buenos Aires, assuring that they are not looking to "compete" with the Media Law instigated by the national government.

Senator says that many provinces ‘had been pressured to support bills’
Corrientes lawmaker Dora Sánchez said today that she supported the Media Law in order to "improve the relationship" with the government and added that "there are many provinces which had been pressured so that legislators voted in favour".

US Senate approves healthcare measure with important Republican support
An important US Senate committee backed a broad healthcare overhaul, which gained the support of an influential Republican party member and earned President Barack Obama a major victory on one of the most important domestic priorities of his administration.

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