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...downdraft on June 15 in stock prices was more than a result of lackluster buying. Traders were lightening portfolios as signs of continued economic weakness trumped talk of green shoots and recovery. As David Rosenberg of money manager Gluskin Sheff noted in a Monday-morning report, year-over-year economic numbers are simply awful: raw-steel production (-47.3%); lumber production (-32.6%); railway traffic (-20.1%); electrical output (-12.9%). Such negative numbers, in Rosenberg's view, "hardly paint the picture of an imminent recovery...
...content.) Trita Parsi, a U.S.-based Iran expert and head of the National Iranian-American Council, tells TIME that the hundreds of thousands of opposition supporters on the streets today have been emboldened by Supreme Leader Ayatullah Ali Khamenei's backing down from his initial certification of the election result. "He came out first and said the results were certified, and people said he could not reverse himself," says Parsi. "Now he has, and the Guardian Council has asked for 10 days rather than the traditional three to verify the results. Even if they still try to cheat, the message...
...thugs at the forefront of the effort to crush protests against Iran's election result have been the Basij militia, which has waded into opposition crowds with flailing batons. This 2005 piece by TIME's Azadeh Moaveni explains the origins of the group, which comprises thousands of young men organized into neighborhood militias. "The militia, whose name means mobilization in Persian, was created by Ayatullah Khomeini in the 1980s to recruit young men to fight against Iraq. But a decade later, they took on the role of an official morality police, becoming better known for raiding parties than for raiding...
...JoashMencias RT @mikepfs: RT Had 2 come back inside plain clothe are forcing us 2 stay inside or death will result pls retwt #iranelection #gr88
Iran_hotspot: Had 2 come back inside plain clothes are forcing us 2 stay inside or death will result...