MADRID (Reuters) - Tens of thousands of Spaniards marched in Madrid on Saturday in a protest against spending cuts and tax rises amid a grueling recession. Teachers, nurses and social services workers thronged the capital city one day after Spain said it would present new economic reforms at the end of September likely to contain more austerity measures. The measures are seen as a precursor to an economic program which Spain will have to implement in return for support from euro zone rescue funds and the European Central Bank to help lower its borrowing costs. ...
Tens of thousands of right-wing extremists are expected to march through the streets of Warsaw this month — on the same day the United Nations climate conference starts.
The clash of events is prompting concern for the safety of delegates at the conference.
Right-wing groups are a “clear threat to minorities,” said Michael Dorsey, a delegate with the Centre for Civil Society at the University of KwaZulu-Natal in Durban, South Africa.
Max Fraad Wolff submits:We continue to see divergent streams of data on the US economy. There are flows of good news and flows of less bad, but far from good news. There is a macroeconomic dumbbell forming, defined by areas of strength at either end of a central void. The middle portion of the recovery is dramatically absent. Financial asset markets and large, globally diversified firms have begun the rebuilding process. Bond demand is red hot.