- Thai Legislators Trapped:
Thousands of anti-government protesters surrounded the Thai Parliament today, trapping legislators inside for more than five hours. The incident followed a day of street clashes that left more than 100 people injured. The siege was an escalation of a six-week sit-in seeking to change the country’s democratic system to weaken the electoral power of the rural poor.
- Fed Considers Plan to Buy Debt:
The Federal Reserve is considering a proposal to buy large amounts of unsecured short-term debt that companies use to finance daily activities. The plan is a radical move to jump start the financial system, and though it puts more taxpayer dollars in play, a radical move is seen as necessary to reinvigorate the financial system. The Dow finished below 10,000 yesterday for the first time since 2004.
- Report of Western Plane Down:
Iranian news is reporting Iran has forced down a Western plane that entered its airspace. After initial reports that it was a US military plane, a claim refuted by the Pentagon, a senior Iranian official says the plane belongs to a European aid agency. Apparently the occupants of the plane have been released following questioning.