- Nobel Peace Prize Awarded:
The 2008 Nobel Peace Prize was awarded this morning to former Finnish President Martti Ahtisaari. Chosen from a group of 197 people for his decades of cautious diplomatic work, the Nobel committee says he was picked, “for his important efforts in several continents and over three decades to resolve international conflicts," specifically his work to end South African domination in Namibia.
- Dow Falls Below 8,000 at Opening:
Moments after the opening bell this morning, the Dow Jones Industrial Average fell below 8,000 amid news that the global markets are in a selloff. European markets fell more than 10 percent at opening and shares in Asia continued to decline amid fears of a huge global recession. One expert says, “We are fighting really dire fundamentals. It will require restoring trust and confidence before a sustained rebound will be possible.” Perhaps addressing that confidence, President Bush is set to give an address at 10:25 a.m. ET.
- NATO to Attack Opium Labs:
NATO has just agreed to allow its troops to attack opium factories in Afghanistan for the first time. According to a NATO spokesman the troops will be acting "against facilities and facilitators" to stop those using the drugs to finance the Taliban. Some NATO members have expressed concern that the crackdown will cause a backlash against the troops. Afghanistan supplies more than 90 percent of the world's opium.