North Korea conducted a powerful underground nuclear weapons test today.

The UN security council will meet. No doubt Kim Jong-il is quaking in his tiny boots as he contemplates the arrival of another letter telling him how angry they are.

President Obama and other world leaders have said they are gravely concerned. All to be expected. Not so expected is that China has also condemned the test.

Share markets have fallen slightly in response to the news of the test. Asian oil prices have also fallen.

On the other hand, shares in defense related companies jumped.

I think Kim Jong-il is on a mission to change his theme song. I’m So Ronery just isn’t doing it for him any more.

But if he wants to start singing ‘So What,’ I think I like Pink’s version better.