In Friday’s Americas papers
ICIS Editorial
26-Jun-2009
Front page
Michael Jackson, pop icon, is dead
Michael
Jackson died at a Los Angeles hospital after suffering
cardiac arrest at his home, marking a sad end to the life of
a man who had been a global pop icon since childhood.
Pang took $83m from firm, filings say
Financier
Danny Pang extracted at least $83m in allegedly inflated
fees, loans and salary from his investment firm before it was
seized, according to filings.
China seeks report on dam’s effects
China’s
environment ministry ordered an ecological assessment for a
proposed Yangtze River dam that conservationists fear could
threaten hundreds of fish species.
Money & Investing
UBS plans stock sale; plea made in tax case
UBS
said it would post another quarterly loss and raise $3.45bn
more in a continuing effort to steady itself.
Mining, bank stocks boost indexes
European
stocks opened higher, boosted by expected gains in the
heavyweight resources sector, although unlikely to muster
similar momentum as US counterparts.
Bernanke blasted by lawmakers
Bernanke faced
hostility from lawmakers who barraged him over his handling
of the financial crisis, in a grilling that reflected
frustration over the Fed’s role in reshaping the banking
system.
Front page
Michael Jackson, pop icon, is dead at 50
For his
legions of fans, he was the Peter Pan of pop music: the
little boy who refused to grow up. But on the verge of
another attempted comeback, he is suddenly gone, this time
for good.
Premier casting US withdrawal as Iraq
victory
Prime Minister Nuri Kamal al-Maliki is
hailing the pullout of American forces from Iraqi cities, but
the risk of renewed insurgent violence remains.
Business Day
Recession’s children
Teenagers in suburban
Dayton, Ohio, are heading to community colleges after
manufacturing plants closed.
Obama and Congress clash on how to pay for health
care
The president is unwilling to deepen the
deficit, but House and Senate leaders do not like his
proposals or one another’s.
Front page
Object of acclaim, curiosity, the ‘King of Pop’ dies in
LA
Michael Jackson, 50, died yesterday in Los
Angeles as sensationally as he lived, as famous as a human
being can get.
Arab activists watch Iran and wonder: ‘Why not
us?’
Mohamed Sharkawy bears the scars of his
devotion to Egypt’s democracy movement.
Business
Oil markets stay calm despite unrest in Iran
Traders and investors shrug off the possibility that the
disputed Iranian elections might rock oil markets.
CBO paints a dire long-term portrait
The budget
outlook has darkened considerably over the past six months
and Obama’s plan to extend tax cuts has the potential to
“create an explosive fiscal situation” analysts say.
GLOBE AND MAIL, Canada
Front page
The king of pop fades into history
Of all modern
pop legends, Michael Jackson has been the most present, and
the most elusive.
Tory attack ads staved off an election, Harper
says
Prime Minister Stephen Harper says his party’s
controversial ad campaign against Michael Ignatieff did
Canadians a service by pushing the Liberals away from
triggering a summer election.
Business
Central banks to take off ‘training wheels’
The
US Federal Reserve and the Bank of Canada are preparing to
scale back the emergency lending programs they put in place
to help the financial system as markets stabilise and banks
find their feet.
Potash Corp slashes profit outlook
Potash Corp
of Saskatchewan Inc dismantled its second-quarter profit
guidance, warning investors that its earnings will be at
least 45% lower than expected as customers continue to shun
the fertilizer giant’s products.
Front page
Michael Jackson dies at 50
Pop icon Michael
Jackson died at age 50. He was hospitalised after suffering a
heart attack and sources reported that he was not breathing
when the medics arrived and that he entered the hospital in a
deep coma.
Kirchner’s final act in La Matanza: ‘We have suffered
grievances throughout the entire campaign’
The
ex-president and first Lower House candidate for the
Justicialist Victory Front party, Néstor Kirchner, addressed
the crowd gathered in the Central Market of Buenos Aires
province district of La Matanza, where his closing campaign
act was held.
US Governor met lover on taxpayer-funded
trip
South Carolina Governor Mark Sanford met with
his lover on a trip funded by taxpayer money to Brazil and
Argentina last year, according to documents released by the
state’s Department of Commerce and e-mails exchanged between
the Governor and the woman in question.
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