World Watch: Austerity or Not?

* Europe: Voters in countries like Greece and France are apparently disillusioned over the push for austerity while dozens of protesters were arrested during the presidential inauguration of Vladimir Putin.

* Malawi: Stores are reportedly running out of “staple foods such as sugar, cooking oil and bread” due to a consumer “panic” over the devaluation of the country’s currency.

* U.S.: Intelligence officials supposedly thwarted a plot by Al Qaeda's Yemen-based affiliate to destroy a U.S.-bound plane around the one-year anniversary of the death of Osama bin Laden.

* Israel: The country's Supreme Court turned down an appeal for the release of two Palestinian prisoners who have been on a hunger strike for more than two months.

Video Source– YouTube via EUX TV

Online Sources – USA TODAY, CNN, BBC News, Huffington Post, Reuters