Caught in the Web, 1860. Governments around the world attempted to slow the global financial catastrophe. Der SpiegelNYTThe stock market in Iceland reopened after a three-day suspension and immediately plunged 77 percent.NYTBloombergReutersThe Economist via Seattle PIFTGuardianBloombergSwitzerland bought $60 billion in bad debt from the largest Swiss bank, while the second-largest Swiss bank sought aid from the government of Qatar.WPPresident George W. Bush announced a world financial summit, described by some as “Bretton Woods II,” to be held at Camp David after the November 4 elections,TelegraphWSJBBCWPNYTWPBloombergCSMand the United States partially nationalized nine of its major banks. “Bush is to the left …

Kosovo, in a move supported by the United States and strongly opposed by Russia, declared its independence from Serbia. NATO sealed Kosovo’s northern border, and Serbians looted designer clothes, shoes, and chocolates, and set fire to the U.S. embassy in Belgrade.ReutersTurkey began a ground invasion into Iraq targeting the PKK, despite protests that the invasion was “a violation of Iraq’s sovereignty,” and Shiite cleric Moqtada al-Sadr ordered a six-month extension of his Mahdi militia’s unilateral cease-fire, which has led to a 60 percent decrease in violence across Iraq.BBCnews.comLA TimesBenazir Bhutto’s party received the most votes in the Pakistani parliamentary election. …

Caught in the Web, 1860. British prime minister Tony Blair announced that he will resign next month after ten years in power. Much speculation ensued about what the 54-year-old Blair would do next, and it was thought that he might establish a foundation to fight poverty in Africa. “[Blair] was the worst thing that ever happened to Africa,” said Bright Matonga, the deputy information minister of Zimbabwe. “We hope that the children of Iraq and Afghanistan he is killing everyday will haunt him for the rest of his life.”Daily MailThe AustralianGuardian A majority in Iraq’s parliament backed a bill drafted …

A burning plain. The United Nations Security Council passed another resolution asking the Sudanese government to prevent its proxies from slaughtering people in Darfur (China, Algeria, Pakistan, and Russia abstained). The resolution, which for the first time formally invokes the 1948 Convention on the Prevention and Punishment of the Crime of Genocide, says that the council will “consider” sanctions if the genocide continues.New York TimesChaos continued to rule Iraq; there were many attacks by insurgents, including several large suicide bombings, hostages were beheaded, and many civilians, including women and children, were killed in American airstrikes.New York TimesIraqi prime minister Iyad …

The wire master and his puppets, 1875. In a furtive ceremony held two days ahead of schedule in order to pre-empt violence, the United States transferred “sovereignty” to Iraq. About 140,000 American troops remained in the country, with no mechanism in place between the two countries to govern the troops, and 150 Americans stayed on in Iraqi ministries as advisers.New York TimesOf the 2,300 construction projects promised by coalition forces, fewer than 140 were underway at the time of the transfer of power.New York TimesOutgoing proconsul L. Paul Bremer warned that Iraq’s path to democracy would be messy, and noted, …

A Small Family. Killing Ground. Four American mercenaries employed by Blackwater Security Consulting were pulled from their vehicles in Fallujah, Iraq, hacked to death, burned, and dragged through the streets; the remains of two were then hung from a bridge over the Euphrates River along with a sign that said “Fallujah is the cemetery for Americans.”BBC“Despite an uptick in local engagements,” said General Mark Kimmit at a press briefing a few hours later, “the overall area of operations remains relatively stable with negligible impact on the coalition’s ability to continue progress in governance, economic development, and restoration of essential services.”New …