Georgia Ruling Party Concedes Defeat

Basically, the pro-American government lost to the pro-Russian opposition

Georgian President Mikheil Saakashvili has conceded defeat for his ruling party in Monday's parliamentary election, handing victory to an opposition coalition led by billionaire Bidzina Ivanishvili.

Saakashvili pledged in a televised statement to help the opposition with the process of forming a new government.