SODOM & GOMORRAH: Bloomberg news reports that retail sales in the United States "unexpectedly" decreased by 0.5% in June. Unexpected by whom? For the third straight month, the US Commerce Department reported that retail purchases have fallen. The 0.5% decrease in June was greater than the 0.2% decline seen in May. Bloomberg News reports that this is an "unexpected" decline … [Read more...]
Archives for July 2012
Iran Tests ‘Great Prophet’ Missile
SODOM & GOMORRAH: Amidst fervent denials that it intends to develop weapons-grade uranium, Iran went ahead with its test of the Great Prophet 7 missile. State media reported that the launch of the mid-range Shabab 3 missile was entirely successful. Western analysts argue that Iran has often overstated its military abilities, saying that the missiles are stil very … [Read more...]