Praise

Dontcha' love it when a plan starts to fall in place?

Rare labor petition in Iran shows economic alarm

TEHRAN, Iran (AP) - For weeks, a manifesto complaining about Iran's stumbling economy circulated in secret among factories and workshops. Organizers asked for signatures and the pages began to fill up.

In the end, some 10,000 names were attached to the petition addressed to Iran's labor minister in one of the most wide-reaching public outcries over the state of the country's economy, which has received a double pounding from tightening Western sanctions and alleged mismanagement by President Mahmoud Ahmadinejad's government.

The rare protest document - described to The Associated Press this week by labor activists and others - suggests growing anxiety among Iran's vast and potentially powerful working class as the ruling system struggles with the latest sanctions, which have targeted critical oil exports and blackballed Iran from international banking networks.

It also appears to reinforce the U.S. and European assertions that the economic squeeze is bringing increasing pressures on Iranian authorities. U.S. President Barack Obama and others argue that sanctions and diplomacy are the best way to wring concessions over Iran's nuclear program even as Israeli Prime Minister Benjamin Netanyahu pushes for a "red line" declaration that could trigger military action.
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Comments
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time for heads to roll in Iran?

They sure seem brave to put their names on a petition in such a govt.

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RE: heads to roll in Iran?

or empires to collapse?

They have more to lose than reporting 2/3 people with Obama phones in one household.

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Money makes the world go round,

lack of money can stop your world.

Will Iran's currency crash lead to revolution?

Iran has captured a lot of attention this week as inflation spirals out of control and the Iranian rial is quickly becoming worthless.

Wednesday, the rapidly falling value of the rial sparked serious street protests in Iran.

That's the whole point of the forceful Western sanctions placed on Iran's oil exports and even imports of basic goods and the Iranian banks being completely frozen out of the international financial system.

The sanctions have been in effect since July, but the situation is really just now starting to get worse as it becomes crystal clear to Iranians that their monetary authority has completely run out of the foreign exchange reserves they need to defend the value of their quickly plunging rial.

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