Thursday, June 18, 2009

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today's papers
Iran Tries To Arrest Its Way Out

By Daniel PolitiPosted Thursday, June 18, 2009, at 6:42 AM ET
The New York Times leads with the Iranians who continued to take to the streets yesterday even as the government stepped up its efforts to quell the unrest by detaining high-profile reformers. For the first time, the Iranian government accused the United States of "meddling" in its internal politics. Meanwhile, the government increased its efforts to prevent Iranian news from getting to the outside world by blocking Web sites, banning journalists from covering the demonstration, and threatening bloggers.
The rest of the papers lead with, and the Wall Street Journal banners, President Obama's plan to reform financial regulations, which he officially unveiled yesterday. The proposals put forward by the White House "would affect nearly every aspect of banking and markets," notes the WSJ. The administration urged Congress to act before the end of the year and, among other things, give more power to the Federal Reserve and impose more oversight of the derivatives market. Most of the papers focus on the proposed creation of a new agency "that would thin the alphabet soup of agencies that keep companies from abusing borrowers, savers and debtors," explains USA Today. The Los Angeles Times calls the creation of an independent Consumer Financial Protection Agency one of the "most controversial provisions" in Obama's proposal. The Washington Post points out there is such strong opposition to this new agency that it sets up "a high-stakes contest between the industry and the White House for the loyalty of a few moderate senators who increasingly hold the balance of power."
To continue reading, click here.Daniel Politi writes "Today's Papers" for Slate. He can be reached at

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