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U.S. stock futures were little changed on Tuesday as investors awaited the start of the Federal Reserve’s final policy meeting of the year. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all hovered near flat, reflecting a cautious mood across Wall Street. The Fed is widely expected to keep interest rates unchanged, but traders are focused on Chair Jerome Powell’s comments and the central bank’s updated economic projections. Markets are looking for clues on when rate cuts might begin in 2024, with inflation cooling but still above the Fed’s long-term target. Recent gains in equities have been fueled by optimism that the Fed’s tightening cycle is over, yet uncertainty remains about how quickly monetary policy will shift toward easing. Until then, investors appear content to hold their positions, waiting for clearer signals from the Fed before making bold moves.
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Athens Taxis Stage 48-Hour Strike Amidst Nationwide Public Sector Unrest By Copilot

 

The bustling streets of Athens have been thrown into disarray as taxi drivers embark on a 48-hour strike, their vehicles forming a slow-moving protest convoy. But this isn’t just about fares and traffic—it’s a synchronized symphony of discontent echoing across the entire public sector.

The Taxi Drivers’ Revolt

  • Why Now?: The capital’s taxi union has called for this walkout, fueled by a series of grievances. Their demands include a reduction in taxes, access to bus lanes, and stricter regulations on ride-sharing apps. These drivers, who navigate the city’s labyrinthine streets, are feeling the pinch of newly imposed taxes on the self-employed.

  • The First Day: More than 200 taxis snaked through Athens, their yellow roofs a beacon of protest. Their message: “Enough is enough.” The streets reverberated with honks and slogans, a chorus of frustration.

Nationwide Echoes

  • Perfect Timing: The second day of the taxi strike aligns with a nationwide stoppage. Public and some private sector workers join hands in solidarity. Expect disruptions:

    • Public Transport: Commuters brace for chaos as buses, trams, and metro services stutter.
    • Grounded Flights: Air travel faces turbulence, with flights delayed or canceled.
    • Ferry Standstill: Ports echo with the lapping of idle waves as ferries remain tied up.

  • Georgios Voilis Speaks: A taxi driver and union member, Georgios Voilis, succinctly captures the sentiment: “New taxes have hammered the taxi industry.” The struggle is real, and the streets bear witness.

As Athens grapples with this synchronized unrest, the city’s heartbeat falters. The question remains: Can harmony emerge from discord? 

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