The "Top Stories" are about Obama's speech today on the economy (4,524 articles), the Madoff scandal (368 articles), and Blagojevich (520 articles). Certainly from the perspective of people in the U.S., the economy is currently the main story.
When we turn to the "World" stories, the top one is about Gaza and Israel (33,226 news articles), followed by the Russians turning off natural gas for Europe (7,538 articles), the sacking of the Pakistani security chief (apparently because he admitted that the surviving Mumbai gunman actually is Pakistani) (5,081 articles).
So, at least according to the Google news algorithm, the top story in the world today is Israel's attacks on Gaza and the conditions in Gaza. Isn't this kind of peculiar?