Dow Drops Below 10,000

During the 1990s, Japan's government passed economic stimulus packages with tedious regularity—and depressed consumers and investors equally reliably failed to respond. It was as if the authorities were pushing on a string. A decade later, in the United States, the economic predicament is much the same. Last Friday's gigantic $700bn rescue package for American banks has failed to stop shares plunging this morning. The Dow Jones share index just fell below 10,000 for the first time in four years.