Bahrain protesters rally for third day

>MANAMA (Reuters) - Protesters in Bahrain, inspired by revolts that have toppled Arab rulers in Tunisia and Egypt, poured into the Gulf island kingdom's capital on Wednesday to mourn a demonstrator killed in clashes with security forces. Over a thousand joined a funeral procession for the man, who was shot dead on Tuesday when fighting broke out at the burial of another protester. Some 2,000 were camped out at a major road junction in the center of Manama, hoping to emulate the rallies on Cairo's Tahrir Square and demanding a change of government.The Interior Ministry has promised to take legal action over the two deaths if it finds police used "unjustifiable" force.Bahrainis have a history of protest and the current unrest, in its third day, has been driven by familiar complaints of economic hardships, lack of political freedoms and sectarian discrimination by the Sunni rulers against the Shi'ite majority."The people demand the fall of the regime!" protesters chanted as men pounded their chests in rhythm, a mourning gesture which is distinctive to the Shi'ite branch of Islam.Though itself only a minor oil exporter, Bahrain's stability is important for neighboring Saudi Arabia, a key supporter of Bahrain's royal family and where key oilfields are home to an oppressed and occasionally restive Shi'ite minority.Bahrain is also a hub for banking and financial services in the Gulf and is home to the U.S. Navy's Fifth Fleet.PRIME MINISTER SINCE 1971Protesters want the removal of the prime minister, Sheikh Khalifa bin Salman al-Khalifa, who has governed since British rule ended in 1971.For now, they have not sought change at the very top -- his nephew King Hamad bin Isa al-Khalifa has ultimate control over the 1.3 million people in Bahrain, half of them foreigners."We are requesting our rights in a peaceful way," said Bakr Akil, a 20 year-old student. He wore a sheet stained with red ink which he said showed he was willing to die for freedom.Women dressed in black abaya cloaks followed the procession with their own chants calling for peace and Bahraini unity.Bahrain's Shi'ites, whose branch of Islam is found mostly in across the Gulf in Iran and among Arabs in Iraq and Lebanon, complain they are shut out of public housing, healthcare and government jobs and also that their rulers have tried to shift the demographic balance by making Sunni immigrants citizens.In a measure of investors' concerns, the cost of insuring Bahraini debt against the government defaulting hit an 18-month high on Wednesday, rising more than 6 percent.Bahrain's main stock index was flat.

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