Portal:Current events/2008 September 24

September 24, 2008 (Wednesday)

At least 17 civilians are killed in battles between Islamist militants and African Union peacekeepers in the Somali capital Mogadishu. (CNN)
Subprime mortgage crisis
- President of the United States George W. Bush addresses the nation on prime time television to discuss the crisis and the Paulson plan. He warns that the United States faces a "long and painful recession" if the package is not passed. (AP via San Francisco Chronicle) (Canadian Press via Google News)
- Senator John McCain, the Republican Party nominee in the presidential election, postpones campaigning and seeks deferral of a presidential debate so that he can return to Washington D.C. to discuss the subprime mortgage crisis and the Paulson Plan. (The New York Times)
- President Bush invites Senator McCain, Senator Barack Obama the Democratic Party and leaders of the United States Congress to a meeting at the White House tomorrow to discuss the crisis. (AP via the New York Sun)
Preliminary findings made for the American Geophysical Union that support the Clathrate gun hypothesis, indicate the possible release of millions of tons of methane, a greenhouse gas, from Arctic seabeds. (The Independent)
The Diet elects Taro Aso of the Liberal Democratic Party as the new Prime Minister of Japan. (AP via CNN) (AFP)
Tomislav Nikolić announces that his party (a splinter from the Serbian Radical Party) will be called Serbian Progressive Party and that it will be founded on 21 October 2008. (B92)
Typhoon Hagupit hits Vietnam, the Philippines and southern China, killing at least eight. (BBC News)

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