Current events of 29 October 2008 (2008-10-29) (Wednesday) edit history watch

The United States Treasury Department spends US$125 billion of its $700 billion bailout fund on nine banks, some of whom had argued that they did not need the money. (CNN) The Philadelphia Phillies win the 2008 World Series 4 games to 1, defeating the Tampa Bay Rays 4-3 in Game 5. (The New York Times) India's Viswanathan Anand retains the World Chess Championship title in Bonn, Germany, by defeating Russia’s Vladimir Kramnik. (CNN-IBN) Danish-based low-cost carrier Sterling Airlines files for bankruptcy and stops all passenger flights after its cash-strapped Icelandic investors were unable keep the company afloat.(The Guardian) Suicide bombers attack targets in Somalia: Hargeisa, the capital of the self-proclaimed republic of Somaliland, and Bosaso, a city in the autonomous state of Puntland. (BBC News) At least 100 people die after a 6.4 magnitude earthquake in Pakistan in the city of Ziarat. (CNN) Mohamed Nasheed of the Maldivian Democratic Party is elected President of the Maldives in the country's first democratic election. (AFP via Google)