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Plummeting stock markets around the world are affecting Wall Street, the international economy and individuals in a variety of ways. We break this down and examine why it's important to know what exactly a write-down is.

Presidential elections will be held Saturday in Zimbabwe. President Robert Mugabe faces his toughest opposition during his 28 years in power as Zimbabwe, once among the most prosperous countries in Africa, is in economic chaos. With inflation at 100,000 percent, a loaf of bread costs millions of Zimbabwean dollars.

A prosecutor in Michigan announced Monday that she is bringing perjury and other charges against Detroit Mayor Kwame Kilpatrick and his former chief of staff. Wayne County prosecutor Kym Worthy began investigating the mayor after the publication of racy text messages allegedly exchanged with his chief of staff.

Mark Penn, chief strategist for Hillary Clinton's presidential campaign, stepped down Sunday. Penn quit the campaign after it was revealed that he met with a Colombian diplomat about passing a free trade deal that Sen. Clinton opposes.

Olympic track and field star Marion Jones has pleaded guilty to lying to federal investigators about using steroids. The three-time Olympic gold medalist also announced her retirement from the sport on Friday. Michele Norris has an update.

Former Prime Minister Benazir Bhutto had a news conference Friday in Karachi, a day after bomb attacks aimed at her motorcade left more than 130 people dead and dozens more wounded. Bhutto blamed militants for the attack and said she would not surrender the country to them.

Hundreds of thousands of Californians have evacuated their homes because of wildfires raging from north of Los Angeles all the way to the Mexican border. Two evacuees who took up shelter at Qualcomm Stadium and the Del Mar Fairgrounds detail their experiences.

Mattel issues a recall affecting more than 9 million toys made in China, citing magnets that could be swallowed and possible problems with lead paint. The company's Fisher-Price division recalled 1.5 million preschool toys from a different Chinese supplier earlier this month.

Former referee Tim Donaghy has pleaded guilty to felony charges for causing a betting scandal that devastated the NBA. Donaghy faces a maximum of 25 years in prison when he is sentenced. He was released on a $250,000 bond.

The Pew Research Center, in association with NPR, recently released a poll that looked at political polarization and collaboration among African-Americans, whites and Latinos. Melissa Harris Lacewell, a professor of Politics and African-American Studies at Princeton University, and Marisa Trevino, of the blog LatinaLista.net, share their reactions to the report.