Wall Street Says BUY GOLD, But...

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

Trains canceled across Bangladesh as rail union goes on strike

JULHAS ALAM
January 28, 2025

DHAKA, Bangladesh (AP) -- Trains were canceled across Bangladesh on Tuesday as railway staff went on strike for higher pensions and other benefits, affecting tens of thousands of passengers and freight transport.

Saidur Rahman, acting president of the Bangladesh Railway Running Staff and Workers Union, said the strike was called after a meeting with the interim government headed by Nobel Peace laureate Muhammad Yunus failed to reach a deal late Monday.

Rahman said the strike would continue indefinitely if the government does not accept their demands.

The state-run railway system carries some 65 million passengers per year in a densely populated nation of 170 million people. It employs about 25,000 people and operates a network of over 36,000 kilometers (22,000 miles).

The main Kamlapur Railway Station in the capital, Dhaka, was mobbed by hundreds of disappointed passengers who were not aware of the strike. Many waited for hours before going home.

As the country's railway adviser visited, passengers shouted complaints.

Shahadat Hossain, a station manager in Dhaka, said at least 10 trains were scheduled to leave the station on Tuesday morning. Authorities arranged buses as an alternative.

Dhaka-based Jamuna TV station reported that railway workers protested in Chattogram, the country's second largest city. The southeastern city has the country's largest seaport, and the massive garment industry relies on trains to bring goods to it for export. The industry earns about $38 billion a year from exports, mainly to the United States and the European Union.

The Yunus-led interim government has been running the country since August, when former Prime Minister Sheikh Hasina fled to India amid a student-led uprising and ended her 15-year rule. The interim administration is struggling to restore order amid reports by the global lending agencies such as the World Bank or the Asian Development Bank of slower economic growth.

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