ker-plop!

[the impact of Bushie's speech on Wall Street today]

I really love the BBC site at the moment. The lead story is that speech, and even in the skeletal form of their headlines they've taken the opportunity to tell it like it really is.

"BUSH DEMANDS 'NEW ERA OF INTEGRITY' "The US president calls for longer jail terms for corporate fraudsters and demands higher ethical business standards.


"Analysis: Bush delivers too little too late
"Shares dive in US
"Scandals' shadow over politics
"In Depth: Corporate scandals
"News in Video: 'US economy is confidence-based'
"Talking Point: Has Bush convinced you?"

The Dow and NASDAQ each plunged about 2% today after the little talk.