The financial crisis in the USA continues, with retail sales slumping through the end of June. Retail income is down for two reasons: the decline in consumer spending power, and massive discounting by merchants to try to increase sales.
In other news, the French public is growing increasingly angry over the ongoing corruption scandal that has engulfed the Sarkozy government.
To see the headlines and the articles, open the full news post.
Thanks to Barry Rubin, DS, Insubria, JD, JP, Lurker from Tulsa, Reinhard, Zenster, and all the other tipsters who sent these in.
Commenters are advised to leave their comments at this post (rather than with the news articles) so that they are more easily accessible.
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