Hundreds of Bangladeshi textile factories near the capital, Dhaka, have shut because of unrest sparked by the collapse of a factory building last month, the country's textile association says.

Owners made the decision on safety grounds after many workers went on a rampage, the group's president said.

Although the organization had originally said all factories in Ashulia would be shut down indefinitely, leaders later said the closure applied only to factories where there was worker unrest.

But as the day came to an end, sweeping changes are finally on the horizon for millions of the underpaid garment factory workers of Bangladesh who have long toiled in far too often unsafe and deadly conditions.

The government says it will lift trade union restrictions amid pressure to improve workers' conditions, and Bangladesh has set up a panel to raise the minimum wage for more than three million garment workers, the minister for textiles has said.

The new initiatives are partly in response to outrage over conditions in the country’s garment sector after the April 24th collapse of a garment-factory building, Rana Plaza, in Savar, an industrial suburb of Dhaka, the nation’s capital. By Monday afternoon, at least 1,127 people were confirmed to have died in the Rana Plaza collapse, a number that could still rise, in what is now considered the deadliest disaster in the history of the garment industry.

The Rana Plaza in Savar, on the outskirts of Dhaka, housed a number of textile factories, some of which were supplying Western retailers.

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Single-family home prices rose in September for an sixth straight month in a further sign that the housing market is on the mend, a closely watched survey showed on Tuesday.

The 3.6% increase from a year earlier is the biggest percentage gain in more than two years in the third quarter, according to the closely followed S&P/Case-Shiller index:

This latest rise comes as the housing market has shown numerous other signs of recovery in recent months. The rebound is spurred by a combination of record low mortgage rates, an improving jobs market and a drop in foreclosures to a five-year low, reducing the supply of distressed homes available. There is also a tighter supply of both new and previously owned homes on the market.

The improvement in housing market fundamentals have helped to lift the pace of both home sales and home building.

Dean Baker, the co-director of the Center for Economic and Policy Research who was one of the earliest economists to warn about the housing bubble and the trouble that lay ahead, said this recovery in the housing market should lead to some sustained housing price increases in the coming years.

"I've been an optimist as of late," he said. "Some think it'll get back to bubble prices and that's crazy. But we'll probably do better than inflation for the next few years, and people who have been underwater on their mortgage will get out from that, and build some equity."

"With six months of consistently rising home prices, it is safe to say that we are now in the midst of a recovery in the housing market," said David Blitzer, chairman of the index committee at S&P Dow Jones Indices.

Mayor Bloomberg may have his own personal army to keep tents out of Zuccotti Park, there's nothing he can do to make the "Big Banks" cool again to new college graduates.

As one professor of economics put it, "I teach financial markets, and it’s a little like teaching R.O.T.C. during the Vietnam War."

Via:

The new recruiting climate was on display at Yale in mid-November, when a group of Yale students turned a Morgan Stanley information session into a protest site. While their fellow students, clad in suits and clutching folders with résumés, filed into The Study at Yale, a local hotel, to learn more about the investment bank, a group of approximately 25 Yale undergraduates protested outside. They held signs and chanted slogans like “Take a stance, don’t go into finance” and “25 percent is too much talent spent” — a nod, protest organizers said, to the quarter of Yale graduates who typically take finance and management consulting jobs after graduation.

...

Yale, which has graduated financial heavyweights like Stephen A. Schwarzman, the co-founder of the Blackstone Group, is traditionally considered a Wall Street feeder school. But the Occupy New Haven movement wants to change the focus.

Alexandra Brodsky, a Yale senior who helped organize Tuesday’s protest, said in an interview that recruiting “serves to divide the campus.”

Ms. Brodsky added that she had recently begun openly questioning the career choices of her finance-minded friends, because “these are people who could be doing better things with their energy.”

Certainly not all new graduates will be able to resist the promise of high-dollar salaries and perks of the financial institutions, but how many of them are really seeking employment elsewhere?

The New York Times reports that a recent survey showed that the "most coveted positions among young workers these days are jobs at technology firms like Google, Apple and Facebook."

The Wall Street banks didn't even make it into the top 25 most coveted positions. JPMorgan Chase was the highest rated investment bank coming in at only 41st, with only 2 percent of those polled choosing it as their first choice for employer.

Heartbreaking, isn't it?