Media Digest 8/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, US car sales are likely to have another large drop in August.

Reuters reports that Bernanke would like to see broader regulation of the financial markets.

Reuters reports that most participants at a Fed summit were gloomy about the economy.

Reuters writes that a new Congress may reverse some of the plans that Paulson has put in to make the financial system more stable.

The Wall Street Journal writes that the mining industry is being hurt by significant capital spending and falling commodities prices.

The Wall Street Journal reports that China’s growth has come from policies which as not likely to be effective any longer.

The Wall Street Journal reports that Tropicana will put up one of its casinos for auction.

The Wall Street Journal writes that experts say putting money into Fannie Mae (FNM) and Freddie Mac (FRE) may not help the economy.

The Wall Street Journal reports that the bond market is flashing concerns about the financial future.

The Wall Street Journal reports that Sinopec (SNP) says profits dropped 87% on higher oil prices.

The Wall Street Journal reports that NBC did not make much money on its web coverage of the Olympics.

The Wall Street Journal writes that the uninsured will spend $30 billion on medical car this year.

The Wall Street Journal reports that a tough second half could lead to consolidation in the investment banking industry.

The Wall Street Journal reports that net income at China Construction bank rose 71% on higher interest income.

The New York Times reports that new drilling technology is driving down the price of natural gas.

The New York Times writes that Yahoo! (YHOO) and NBC (GE) got huge audiences for the Olympics.

The New York Times reports that the Fed is still discussing raising interest rates to combat inflation.

The FT writes that a year after the beginning of the financial crisis, central banks are still struggling with how to handle the system’s problems.

The FT reports that bond fund-raising prices have soared.

Bloomberg reports that the premiums banks are setting for loaning short-term cash are rising sharply.

Douglas A. McIntyre