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Front Page: Pirates Anchor Largest Oil Rig Ever Hijacked

  • A giant Saudi oil tanker seized by Somali pirates Saturday has been anchored off the coast of Somalia. The cargo in the biggest tanker ever hijacked is estimated to be worth $100 million. — BBC News
  • US officials warned lawmakers that more economic aid is urgently needed, even though the Bush administration has decided not to spend more of the $700 billion bailout funds approved in October. Secretary Henry Paulson and Fed Chairman Ben Bernanke appeared at a congressional hearing today, where they described a gloomy economic situation and defended their actions. — New York Times
  • Washington DC officials are preparing for as many as four million people to attend the inauguration of Barack Obama, a tally four times larger than any other event. The city hopes to avoid a situation similar to the 1976 bicentennial, when millions were stranded in cars and buses for hours. — Washington Post
  • Finland's government plans to raise the alcohol tax by 10 percent, not to raise money but to discourage heavy drinking. Officials say alcohol is the country's most common cause of death.— AP
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