Spreading The Pain

The financial pain is felt worldwide. This includes relatively new power houses like India, China. and Russia.

If McCain's analogy holds up, call it "pain socialism."

Yahoo: World markets slump; Nikkei at 26-year low

World stock markets slumped again Monday with the Nikkei index in Japan closing at its lowest in 26 years as the financial crisis drove up the yen, piling the pressure on the country's exporters.

Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 — the lowest since October 1982. Hong Kong's Hang Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years and biggest daily decline since 1991.