Wednesday, October 22, 2008

Iran in trouble

Are you hearing about this? I'm not finding it in the newpapers I read (NY Times, Washington Post, DSM Register, or CR Gazette).

According to two Emirati newspapers Iran is in serious financial trouble. When oil prices were high they did nothing to stockpile money. Now that oil prices have fallen the government simply does not have enough money.

One newspaper noted that last week merchants went on strike. The last time that happened was right before the fall of the Shah and the Iranian revolution.

2 comments:

  1. It's not playing on the news programs either. They're too busy commenting on Sarah Palin's wardrobe.

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  2. I haven't heard a thing - and ditto about the wardrobe!

    ReplyDelete