- Stocks Rally on Bailout Plan:
European stocks rebounded sharply after US Treasury Secretary Henry Paulson announced yesterday evening plans to introduce new laws to buy hundreds of billions of bad debt from struggling banks. Options include establishing a government agency to buy bad loans, a plan that could, "ultimately undermine the dollar, push up inflation" according to one expert.
- I-35 Bridge Has First Day:
The rebuilt I-35 W Bridge in Minneapolis had its first full day of service yesterday, three months ahead of schedule. Hundreds of vehicles lined up on both sides of the span to inch across shortly before 5 a.m. The 10-lane, $234 million span replaced the bridge that collapsed on August 1, 2007, killing 13 and injuring 145.
- South Korea Withdraws Troops:
South Korea is set to completely withdraw its remaining troops in Iraq by the end of the year. The country has had troops stationed in Iraq for a reconstruction mission at the request of the US. From a high of 3,600 troops, now only 520 remain. The Defense Minister said, "There is no more need for us to stay there."
- More Than 20 Die in Prison Riots:
Over 20 inmates in an overcrowded Tijuana prison died in riots this week according to police. The violence broke out after a prisoner died, apparently after abuse from a guard. The prison was built to hold 3,000 and now houses 8,000.