- Hurricane Gustav Makes Landfall: The storm, varying in reports between a Category 2 and Category 3, made landfall in the area of Port Fourchon, Louisiana around 9 a.m. ET. Grand Isle, directly in the storm's path is covered in water. Between preparations and a smaller storm than expected, the fallout in terms of property damage is estimated to be a quarter of what was expected yesterday.
- Japan's PM Resigns:
Japan's Prime Minister Yasuo Fukuda has announced his surprise resignation at a news conference after serving less than a year. His government has been plagued by unpopularity. He said, "If we are to prioritize the people's livelihoods, there cannot be a political vacuum from political bargaining, or a lapse in policies. We need a new team to carry out policies."
- Italy Agrees to Reparations:
Italy has agree to pay Libya $5 billion in reparations for its 32-year occupation of the country which ended in 1943. Silvio Berlusconi is set to sign the package which includes construction projects and pensions for Libyans who served with Italy in World War II. In return, Italy wants Libya to monitor illegal migrants turning up on Italy's shores.