Market Meyhem is the headline in the Telegraph as the front pages are once again dominated by the financial crisis.

The Independent calls it the day fear hit the markets

Fear. If there was one word to sum up the world's financial markets yesterday, it was that. No one wanted to buy shares and, yet again, no one much wanted to lend money.

Whilst the Times says the World takes flight

Panic swept through the world’s financial markets yesterday, wiping $2,500 billion from share values, amid concern that regulators and politicians were struggling to get a grip on the worsening crisis of confidence.
Share values plunged as some investors sold at any price and retreated to the safety of gold and government bonds. The FTSE 100 posted its biggest ever points fall, down 391 at 4,589, and at 7.85 per cent its biggest percentage fall since Black Monday in October 1987, reducing the value of British blue-chip companies by £93 billion.

Markets slump as Darling fails to calm investor fears says the Guardian

The chancellor pledged to do "whatever it takes" to end the 14-month crisis, but the lack of policies in a statement to MPs disappointed the City, where almost £100bn was wiped off the value of the leading 100 companies.

The Telegraph says that

Critics claimed the Chancellor was dithering over whether to introduce a Government guarantee on savers' deposits in the wake of similar moves by a series of other European governments.
He was warned by the Conservatives that "inaction" could lead to a "long and lasting recession".

The Express though is rather more direct with its headline Save us from a slump

Brown must stop dithering, guarantee British savings and cut interest rates.
A rallying call for emergency action to save the country from a slump rang out across Britain last night.
As shares suffered the biggest one-day collapse in history, Gordon Brown and Chancellor Alistair Darling faced a growing chorus of demands to end their dithering

And the Mail asks How worse it can get pointing out that

Analysts said some £25billion went during the Chancellor's 13 minute, 38 second speech in the Commons

It leads though with the inquest into the death of Mike Todd and how his devastated wife still tells inquest she forgives him

Yesterday there was renewed speculation about the 50-year-old chief constable of Greater Manchester's complex private life when it emerged that up to ten former lovers who worked for his force were offered paid leave during the inquest into his death.
Fearing humiliating public exposure of his serial infidelity, he had inspected suicide websites, warned one of his many lovers that he planned to kill himself and spent a night with one of his women, before wandering Snowdonia.
There he died after drinking copious amounts of gin and swallowing sleeping pills while sending text messages to his former lovers begging for forgiveness.

Last texts and tangled affairs of police chief says the Independent

There is also tragedy on the front of the other tabloids,the Sun has the headline Pitiful

A JAIL term given to a boozed-up footballer who killed two young brothers in a smash was slammed as “pitiful” last night.
Former Plymouth Argyle goalie Luke McCormick got seven years four months — little more than half the maximum 14 years for causing death by dangerous driving.

The Guardian says that

After drinking heavily and sleeping for two hours he drove off in an apparent attempt to resolve issues with his fiancee, ignoring a plea from a friend to stop driving. McCormick's black Range Rover, which police said was travelling at almost 100mph, ploughed into a Toyota people-carrier on the M6 in Staffordshire, sending it down an embankment and into trees.

The Mirror has an exclusive,an interview with Kerrie Hughes whose partnerDavid Cass smothered their daughters Ellie and Isobelle

Yesterday Kerrie, 20, told how the tragic image of her final parting with her two daughters will never leave her.
She said: “It was 2pm on Saturday when Dave arrived and put their bags in the car.
“Then he carried them to their little seats and buckled them in. I went out to give them each a kiss and told them ‘I love you’

The Telegraph reports that

The Home Secretary has announced a national assessment of how ethnic minorities are treated in the police. Jacqui Smith said that Vernon Coaker, the Police Minister, will carry out a two-week appraisal of recruitment and promotion practices in forces across England and Wales.Miss Smith's move came hours after Boris Johnson, the Mayor of London, with whom she had a public row last week, ordered his own inquiry into race in the Metropolitan Police

According to the Times

Human evolution is grinding to a halt because of a shortage of older fathers in the West, according to a leading genetics expert.
Fathers over the age of 35 are more likely to pass on mutations, according to Professor Steve Jones, of University College London.
Speaking today at a UCL lecture entitled “Human evolution is over” Professor Jones will argue that there were three components to evolution – natural selection, mutation and random change. “Quite unexpectedly, we have dropped the human mutation rate because of a change in reproductive patterns,” Professor Jones told The Times.

The Guardian reports that

Britain must abandon using almost all fossil fuels to produce power in 20 years' time, the government's climate change watchdog will warn today.
The independent Climate Change Committee will publish its advice to the government that the UK should set a 2050 target of cutting all greenhouse gas emissions by at least 80% - including the emissions from aviation and transport, which were previously excluded

News from abroad and the Telegraph reports that

America's Defence Secretary Robert Gates has accused the British ambassador and top military commander in Afghanistan of being "defeatist" for saying the Taliban could not be beaten.

The Times reports that

Scores of people were injured and one man lost a foot this morning when police in Bangkok fired tear gas and plastic bullets into a crowd of protesters attempting to seize control of the Thai parliament.
The dawn battle was the latest in months of chaotic and sometimes violent protests between the elected Thai government and the group which is demanding its overthrow, the People’s Alliance for Democracy (PAD).

Many of the papers report

Members of France's political and business elite went on trial yesterday charged with involvement in the illegal multimillion dollar sale of weapons to Angola during some of the bloodiest years of the nation's devastating civil war.
The eldest son of late president François Mitterrand, an Israeli-Russian billionaire trying to become Jerusalem's mayor, a former interior minister and a novelist who specialises in crime thrillers are among 42 people implicated in the trafficking of weapons worth $791m (£455m) to a country which at the time was subject to an international arms embargo.

says the Guardian

Finally on a day that saw new car sales plummet two car stories to cheer us up.The Mail reports that

Ford is to bring in a system which enables parents to limit the speed at which their teenage children can drive their car.
It will operate through a computer chip in the ignition key.
The chip can also be programmed to limit the volume of the radio and CD player and sound an alarm if the driver is not wearing a seat belt.

and the Guardian tells us that

Iran's biggest motor manufacturer is to take the country's gender sensitivity to new levels by producing a car specially for women.
It will be fitted with features common on the international market but seen as female-specific in Iran's male-dominated culture. These include an automatic gearbox, electronic parking aids, a navigation system and a jack designed to make it easier to change a wheel, suggesting that women drivers lack the mechanical competence of their male counterparts. Alarms may also be installed to warn of flat tyres. The vehicle will be painted in soft "feminine" colours and include interior designs tailored to women's tastes. There will also be audiovisual entertainment systems for child passengers.