• The US government has pledged more than $7.4 trillion to bail out the financial system. That amount of taxpayer money represents half of the value of everything produced in the US last year. — Bloomberg [1]
• Citibank is the latest institution to receive a bailout. The US government will back $300 billion in loans and invest $20 million in the troubled company as well. So far the markets have reacted well to the news. — New York Times [2]






• A rush hour-timed bomb left at least 19 people dead in Baghdad today. The roadside bomb blew up a bus packed with government employees. — BBC [3]
• Fed up with the rise in pirate attacks, ship and tanker owners from all over the world have called for a military blockade along the coast of Somalia. More than 90 ships have been seized so far this year. — CNN [4]

Source [5]