Finally, it would be easier for Israel to act before Iran deploys its SA-20s, which may happen in early 2009.

ECONOMIST: Be very afraid, please

Belgian lender KBC Groupe SA cut its portfolio of Southern European bonds by about half.

WSJ: European Disunion: Ties That Bound Europe Now Fraying

In an effort to untangle itself from its parent company, the France-based Atari SA, Atari US has filed for bankruptcy and will sell all its assets in the next three to four months.

FORBES: Atari US Files for Bankruptcy, Sells Assets, Logo