In Monday's Americas papers

17 November 2008 11:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front Page

How two houses survived the fires
Two small California houses remained standing despite a wildfire that reduced many homes to ashes. Whether the homes survived through luck or preparation, they are testament to the maddeningly random nature of fires.

Ex-rivals stand to gain from meeting
Obama and McCain are scheduled to meet Monday in Chicago. Both have much to gain from swift reconciliation after a bitter contest.

Fighting traffic jams with data
Researchers are working on ways for cars to better communicate and relay crucial driver information.

Money & Investing

Goldman chiefs give up bonuses
Top Goldman executives have decided to forgo their 2008 bonuses, giving up potentially tens of millions of dollars in payouts in a year that has seen the reshaping of the securities industry.

Auto parts makers push for aid
Auto parts makers are requesting access to the $700bn financial industry rescue fund, and Democratic lawmakers are planning tough conditions on a proposed aid package for Detroit's auto companies.

Mines scramble to cut output
Mining firms are shuttering operations and firing thousands of workers as metals prices tumble amid the global economic slowdown.

THE NEW YORK TIMES

Front Page

Clinton vetting includes look at Clinton
Obama advisers were said to be reviewing Bill Clinton’s finances and activities to see whether they would preclude the appointment of his wife as secretary of state.

Pact, approved in Iraq, sets time for US pullout
Iraq’s cabinet approved a security agreement that calls for a full withdrawal of American troops from the country by the end of 2011.

Business Day

A deregulator looks back, unswayed
Phil Gramm promoted policies that he says unshackled businesses from restraints but his critics charge contributed to the financial crisis.

Japan’s economy, world’s second largest, is in recession
Japan’s economy has been hurt by weak export growth and steep cuts in corporate spending amid the worsening global slowdown.

WASHINGTON POST

Front Page

Federal workers wooed by Obama before vote
Candidate sent letters to seven agencies, offering details about plans to beef up programmes and roll back some Bush administration policies.

Clintons' global paths may cross
Ex-president's philanthropic work could become complicated if his wife is named secretary of state.

Business

Holiday jobs dry up as economy weakens
Faced with plummeting sales and spooked shoppers, retailers cut back on holiday hiring at a time when their pool of applicants is swelling with those who have been laid off from other industries.

The high-stakes game of house raffles
Rather than trying to sell in a slow market, some homeowners are pairing with charitable organisations to raffle off their homes.

GLOBE AND MAIL, Canada

Front Page

Seven killed in BC plane crash
Seven people died and one was in hospital after a charter airplane crashed on a small island near British Columbia's Sunshine Coast on Sunday, the second fatal crash in four months for a family owned airline based in Vancouver.

Dropping gloves early, Rae walks out on forum
Bob Rae moved to check the early lead of Liberal leadership rival Michael Ignatieff by accusing him of preparing a "peekaboo" campaign, and refusing to allow a session with candidates to be held in public.

Business

EDC's Chrysler action signals growing fears
The federal government's Export Development Canada is refusing any new requests by auto parts makers to insure receivables due from Chrysler LLC, a sign that fears of a potential bankruptcy are growing.

Toasting a new economic order?
The official menu for the Group of 20 dinners Friday evening at the White House featured fruitwood-smoked quail with quince gastrique, thyme-crusted rack of lamb with eggplant fondue and a pear torte with huckleberry sauce.

BUENOS AIRES HERALD

Front Page

Teamsters call strike on YPF
The head of the truck drivers’ union, Pablo Moyano, confirmed a strike against the company YPF yesterday, which began at zero hours today, calling for more safety and in protest against the death of two drivers in an explosion, caused by an electrical malfunction in the onboard satellite system.

EU cheers G20 summit
European leaders left the weekend Washington summit pleased with the chunky communique it produced, but implementing the ambitious action plan to fix the world financial system presents significant challenges.

Congo rebel leader backs UN peace plan
Congolese rebel leader Laurent Nkunda agreed yesterday to support a UN peace plan for eastern Congo, including a body to oversee a ceasefire, but fighting between the army and rebels raged on in one zone.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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