Unix Timestamp: 1200960000
Tuesday, January 22. 2008, 12:00:00 AM UTC

Russia stages the largest naval exercise since the fall of the Soviet Union in the Bay of Biscay. The Russian aircraft carrier Admiral Kuznetsov, along with 11 support vessels and 47 long-range bomber aircraft, practises strike tactics off the coast of France and Spain, and test-launches nuclear-capable missiles in foreign waters.

Thousands of Palestinians cross into Egypt, as the border wall with Gaza in Rafah is blown up by militants.

Polish Air ForceEADS CASA C-295 crashes on approach to the 12th Air Base near Mirosławiec. All 20 personnel on board die.

January 2008 stock market downturn: After further losses in international markets, the United States Federal Reserve System cuts its primary interest rate by 75 basis points to 3.5%, the largest move in the interest rate since 1982. The Dow Jones Industrial Average recovers after initial losses of almost 500 points to close at 11,971.19, down only 1.06%. //biz.yahoo.com/ap/080122/economy_stimulus.html (AP via Yahoo! Finance)