At the moment we run a Current events page which covers an entire month. We also have a page for each date which covers significant historical events, with greater depth for recent events. However, neither of these systems has the capacity to allow in depth coverage of happenings. At present the current events page has 10-20 stories per day, and even at that rate the page is rather large. Which really limits it to the sort of stories that are goign to make world news headlines bulletins, and not the sort of place I feel is appropriate to add a smaller story such as, for example, the New Zealand Govt. enacting a major revamp of its Trade Mark laws. (Of course not all news stories are tied to a significant date, but a large proportion are).
So why don't we start a page for each actual day, for example 20th_August_2003 (please, no flame wars over the date format at this stage!). At up to 30kb each these allow plenty of capacity for headlines of news stories from all over the world, and the only links we would need on the home page would be "Today" "This Week" and "This Month".
It would also allow for more sensible linking of dates in articles - instead of linking [[August_20|20th August]] [[2003]] or (whatever it is) we could have a single link to that day's page.