Pending war in Afghanistan tops the bill in all papers this morning following Tony Blair's speech yes...
In matters economic the FT says that the destruction in the US on 11 September has caused a huge dip in US consumer confidence.
The news came late Tuesday when the Conference Board, based in New York, released its latest monthly survey of 5,000 US households.
It reported the biggest fall in consumer confidence since the last recession in 1990-1.
The FT notes that consumer confidence and retail spending are not dependent on each other, but do tend to track each other's movements.
Two-thirds of the US economy is made up of consumer spending.
Reduced consumer spending is likely to prolong the agony of the world's airlines, which, the FT reports, have continued to make cuts to staff and flights.
New estimates indicate the industry could contract by up to 25% during the period leading up to Christmas.
In the US alone there are now 100,000 confirmed job cuts.
Other people have not been so lucky, with The Times reporting that China has stepped up the pace of public executions in its westernmost province - where the population is mostly muslim and independence movements have local support.
The Times says China is taking advantage of the West's need to forge an alliance against rulers in neighbouring Afghanistan.
LLoyd's of London will be putting out its first formal estimate of the costs to its syndicate members from the destruction of property in the US on 11 September.
The figure will be £1.2bn says The Times, dwarfing the previous largest single payout of £929m to cover damage from hurrican Hugo in 1989.
LLoyd's names are also being told to expect cash calls in the not too distant future.
Formal estimates of the total cost to the global insurance industry of covering the damage has gone up to £38bn, a cost that will severely test the industry and which increasing numbers of market watchers think will bankrupt several insurance companies.
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