In Wednesday's Americas papers
01 October 2008 12:00 [Source: ICIS news]
THE WALL STREET JOURNAL
Front page
New voters favor Obama
Newly registered voters back Obama over McCain by a margin of 61% to 30%, according to a WSJ/NBC poll conducted with MySpace. More than half of the respondents don’t plan to vote.
Quarterly markets review
The stock market heads into the final quarter of the year solidly in bear-market territory and roiled by uncertainty.
Money & Investing
Businesses push for bailout
Business leaders and trade groups urged Washington to enact a financial-markets rescue plan, warning that inaction would have dire consequences.
US weigh increase in deposit insurance
The Bush administration and congressional leaders may raise the level of consumers’ bank deposits guaranteed by the government as part of an effort to revive the failed bailout package.
THE NEW YORK TIMES
Front page
Lesson from a crisis: When trust vanishes, worry
The basic mechanics of how the economy might fall into a severe recession look quite similar to those that caused the Depression.
Speaking out on the economy
Residents of several cities across America share their thoughts on the current economic turbulence, and how it affects their lives.
Business Day
Bailout plan
Senate leaders scheduled the vote after agreeing to add tax breaks and a higher limit for insured bank deposits in a bid to attract enough votes to reverse defeat in the House.
Under strain, cities are cutting back projects
Local governments have been effectively shut out of the bond markets, raising the cost of operations and threatening larger projects.
WASHINGTON POST
Front page
Senate seeks to vote later today on bailout
Changes are made to $700bn financial package in an effort to garner more support after constituents express anger at Congress’s failure to act.
Crisis felt unevenly on Main Street
The financial crisis that has roiled Wall Street and toppled some of its leading institutions has had an uneven impact on Main Street, leading to sharply divided opinions within the business community over whether Congress should approve the Bush administration’s $700bn rescue package.
Business
A two-pronged push to aid ailing banks
Two federal agencies move to ease the financial pressure on banks even as Congress continues to debate the wisdom of a broader intervention.
AIG founder wielded personal influence in Washington
In the four decades that Maurice "Hank" Greenberg was at the helm of American International Group, he persuaded Washington to back him on many deals that helped his insurance company beat competitors and ultimately grow into the 18th-largest corporation in the world.
GLOBE AND MAIL, Canada
Front page
Homeowners left to ‘hope and pray’ as foreclosure filings soar
Wyatt Kenoly doesn’t have a lot of time to watch politicians haggle over the $700bn rescue package for Wall Street or follow the stock market gyrations.
Harper majority a concern to more than half of Canadians: poll
More than half of Canadian voters say they are worried about the thought of giving Stephen Harper a majority government, but most wouldn't change their vote to prevent it.
Business
September, 2008: 30 days that rocked the world
Perhaps one day, they will print it on T-shirts: I Went through the September wringer of 2008.
Stalled payments deepen credit woes
After finding themselves exposed to a sharp escalation in short-term lending, Canadian companies are now facing the added challenge of a falloff in demand and delayed payment for exported goods into the United States.
BUENOS AIRES HERALD
Front page
Farmers to go back on the warpath
The leaders of the principal Argentine farm associations - which this year led a four-month protest against the government’s export duties hike - yesterday announced new protest measures due to the lack of responses to their demands for an agricultural policy.
168 die in stampede in India
Thousands of pilgrims panicked by false rumors of a bomb stampeded at a Hindu temple in western India on Tuesday, killing at least 168 people and injuring 100 in the crush to escape, officials said.
Stocks rebound, US Senate to vote on new version of bailout
Wall Street snapped back yesterday after its biggest sell - off in years amid growing expectations that lawmakers will salvage a $700bn rescue plan for the financial sector.
ICIS Copyright © Reed Business Information 2009
Author: Staff Reporter+44 20 8652 3214
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