- Fed Pumps in Money:
The Federal Reserve has added $70 billion of reserves into banks, the largest cash infusion since the attacks of 9/11. They're hoping to reverse a surge in borrowing costs caused by the collapse of Lehman Brothers. Meanwhile, stocks in Europe, Japan, South Korea, and Hong Kong all fell sharply.
- Petraeus Leaves Iraq:
Gen. David Petraeus has handed over command of the US military in Iraq to Lt. Gen. Raymond Odierno amid praise from Defense Secretary Robert Gates. Upon leaving, Petraeus said, ". . . the reality is that there has been significant progress but there are still serious challenges.” His successor Odierno warned of the progress saying, "gains are fragile and reversible."
- Rivals Sign Power Sharing Agreement:
And end to 28 years of uninterrupted power, Zimbabwe's President Robert Mugabe has signed an agreement with opposition leader Morgan Tsvangirai to divide the responsibilities for the troubled country. Mugabe said of the plan, “we are committed to the deal. We will do our best, and Tsvangirai said it means he, “sees the return of hope to all our lives.” Among the audience watching the signing were many opposition workers who had been in hiding after government sponsored violence forced them to flee.