The Occupy Wall Street movement, which has spawned grassroots activities around the U.S. and prompted comments from President Barack Obama, is now drawing political remarks from overseas.
'Occupy Canada' protest plans take shape
Canadian cities are expected to get their first taste of the "Occupy Wall Street" movement this weekend amid questions about what reception the north-of-the-border version of demonstrations against corporate greed, wealth concentration and other grievances will get. Read the full story
Iran's top leader said Wednesday that the wave of protests reflects a serious crisis that will ultimately topple capitalism in America. Ayatollah Ali Khamenei claimed the United States is now in a full-blown crisis because its "corrupt foundation has been exposed to the American people."
The remarks came a day after U.S. officials said the Obama administration plans to leverage charges that Iran plotted to assassinate Saudi Arabia's ambassador into a new global campaign to isolate the Islamic republic.
For the past 3½ weeks, the economic protesters have besieged a park in lower Manhattan near Wall Street. A march on Tuesday, past the homes of wealthy residents, marked the first time the movement has singled out individuals as part of the 1 per cent they say are getting rich at the expense of the rest of America.
More activities were planned Wednesday. In Ohio, the group Occupy Cincinnati was staging a march.
Protesters in New York planned to gather at the headquarters of JP Morgan Chase, where they'll continue to decry the expiration of the state's two-per-cent "millionaires' tax" in December.
Despite the onset of cold weather, protesters have indicated they're in it for the long haul.
Occupy Seattle demonstrators sent the mayor a list of demands, including approval for large tents to be used as a kitchen, infirmary, storage area and information centre — and written approval of long-term occupancy.
In Washington, six people were arrested Tuesday for demonstrating inside a Senate office building.
More than 125 protesters in Boston were arrested after they ignored warnings to move from a downtown green space, police said.
The New York state comptroller has issued a report showing that Wall Street is again losing jobs because of global economic woes. The job losses threaten tax revenue for a city and state heavily reliant on the financial industry.
The industry shed 4,100 jobs in the late spring and summer and could lose nearly 10,000 more by the end of 2012, Comptroller Thomas DiNapoli said. That would bring the total industry loss to 32,000 positions since the financial meltdown of 2008.
The sector employed 166,600 people in investment banks, securities trading firms and hedge funds as of August.