Posts tagged Wall Street.


I’ve posted this before, but it seems fitting to post it again, in honor of the #OCCUPYWALLSTREET Protest.

Click PHOTO or HERE to see at Full Size

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Before you go to work…

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Eric Drooker, this week’s cover artist, has been glued to the news about Occupy Wall Street. “Manhattan Island has become more and more an exclusive place for the super wealthy, or the super corporations—and a hostile place for people to live, not just for the working class, but even for the middle class,” Drooker says. “The city has become this monolithic cathedral to money.” Here, a selection of New Yorker covers that reflect on tough economic times:

AGREE 10000%!!!

Occupy Wall Street protesters arrested on Brooklyn Bridge ›


More than 700 people were arrested on the Brooklyn Bridge on Saturday evening during a march by anti-Wall Street protesters who have been occupying a downtown Manhattan square for two weeks.

The group, called Occupy Wall Street, has been protesting against the finance industry and other perceived social ills by camping out in Zuccotti park in New York.

During the afternoon a long line of protesters numbering several thousand snaked through the streets towards the landmark bridge across the East River with the aim of ending at a Brooklyn park.

However, during the march across the bridge groups of protesters sat down or strayed into the road from the pedestrian pathway. They were then arrested in large numbers by officers who were part of a heavy police presence shepherding the march along its path.

At one stage 500 protesters were blocked off by police on the bridge. At least one journalist, freelancer Natasha Lennard for the New York Times, was among those arrested.

Is anyone shocked by this? It will be interesting to see what happens as more people show up. 

New York Times(!) has great coverage here. It appears police may have inadvertently (at best) or purposefully (at worst) led some of the marchers from the walk bridge to where they were arrested. Several reports have Tony Bologna as one of the officers who was walking ahead of marchers. Here’s one photo that appears to show him talking with officers watching over several handcuffed protesters on the bridge.

The protesters appeared to be a motley assortment of slackers, students, environmentalists, socialists, feminists, and hippies. It is easy to lampoon such folks, just as it easy to poke fun at the retirees, gun lovers, and pro-lifers that man the Tea Party information booths. But like the conservative enragés that have taken over parts of the Republican Party, these protesters have a serious issue that motivates them: the purported takeover of the political system by the richest one per cent of the population, as symbolized by Wall Street. “The one thing we all have in common,” says the protesters’ site, “is that We are the 99% that will no longer tolerate the greed and corruption of the 1%.”

John Cassidy, in his piece for The New Yorker on the Occupy Wall Street protests. Recommended among Good Reads from the Monitor’s international desk.

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Occupy Wall Street Protests Poised to Grow Rapidly With Union Support ›


The “Occupy Wall Street” protests, now entering their third week, are poised to get a whole lot bigger than its core of 200 to 300 people, potentially even exceeding the protesters original goals of 20,000 demonstrators, thanks to recent pledges of support from some of New York City’s largest labor unions and community groups.

On Tuesday, over 700 uniformed pilots, members of the Air Line Pilots Association, took to the streets outside of Wall Street demanding better pay.

On Wednesday night, the executive board of the New York Transit Workers Union (TWU Local 100), which represents the city’s all-important train and bus workers, voted unanimously to support Occupy Wall Street. TWU Local 100 counts 38,000 active members and covers 26,000 retirees, according to its website.

NYC: Community / Labor March to Wall Street ›


Wednesday, October 5 · 4:30pm - 7:30pm

Gather at City Hall, 250 Broadway

Union workers and community members impacted by the economic crisis have been demanding that Wall Street and the wealthiest New Yorker’s pay their fair share of taxes. 

Let’s march down to Wall Street to welcome the protesters and show the faces of New Yorkers hardest hit by corporate greed. 

Sponsored By:
United NY 
Strong Economy for All Coalition
Working Families Party, 
Community Voices Heard
Alliance for Quality Education 
New York Communities for Change
Coalition for the Homeless
Neighborhood Economic Development Advocacy Project (NEDAP)
TWU Local 100
The Job Party
Coalition for Educational Justice

38,000 NYC Transit Workers To Join Occupy Wall Street Next Friday ›


Up until this announcement, the Occupy Wall Street movement has been unwieldy and somewhat lacking in a coherent voice, but that’s all about the change. New York City labor unions have decided to descend upon the streets of Lower Manhattan on Friday.

The leadership of the Transit Workers Union Local 100—comprised of subway and bus workers—voted unanimously to support the protestors. With a membership of 38,000, 5 Oct. will easily be the largest day yet in the protest. On 12 Oct., SEIU 32BJ, representing doormen, security guards, and maintenance workers around the city, is also staging a rally in support of the cause.

It’s unclear for now whether the transit system will be completely shut down while the 38,000 workers are participating in the protest. If it is, the Occupy Wall Street movement will definitely make its mark in history. And either way, it now has a substantial footing to make a real statement about American economy policy.

Jackie DiSalvo, an #OccupyWallStreet organizer, summarized the movement’s policy as such: “Occupy Wall Street will not negotiate watering down its own message.”

You have no idea how excited I am to see this. 


09-29-11 Sen. Bernie Sanders became the first US Senator to voice his support for Occupy Wall Street on Countdown With Keith Olbermann.

He still an asshole

Why #occupywallstreet Isn't Working ›


“So far, this is more a movement for dreamers than for middle-class Americans trying to make ends meet.”

Tell them to get off the couch, stop watching Dancing With The Stars, stop shopping at Wal-Mart and MARCH!!





I am laughing so hard on the inside right now because I am picturing Cornel West, paintbrush in hand, making up slogans for signs, while sitting in his book-lined office in Princeton. 

And then he goes out to look for more scraps of cardboard. 


Reblogged the photo before, but these words painted another picture that made me laugh so hard I spit my ice cream out and nearly fell out of my chair.  Thanks.  I needed that. - SarahLee




A young man of color arrested in Union Square earlier today doing literally nothing but crossing the street.

I am fucking shaking with anger. This video shows Union Square earlier today. Clearly there is a protest but the area immediately surrounding the guy with the camera is just observers and people milling around. Watch the guy in the red shirt. From the vimeo link:

As you can see at around 0:30, a young man in a red shirt, Glenn Daniels Jr, is walking near the sidewalk with hundreds of other protestors. The crowd was attempting to cross the street to continue the march south down Broadway from Union Square. Daniels is peacefully walking with a water bottle, not committing any crime. At 0:35 he is approached by an NYPD officer and pushed towards the sidewalk. At 0:38 a senior police officer in a white shirt quickly approaches and grabs Daniels and another young man with a beard and backpack. The lighter skinned man is let go, but Daniels is arrested. The remainder of the video shows NYPD officers cuffing and detaining Daniels.

This is horrifying.

By the way, the Occupy Wall Street arrests are now on the homepage of the New York Times.

Took long enough for the NYT to play that up. :/

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As demonstrators converged on Wall Street — with police blocking them from reaching the New York Stock Exchange — much of the news media paid little attention to the protests. Meanwhile, much of the conservative punditry has taken to mocking the demonstrations, with conservative Twitter users lambasting the “hippies” in New York City. CNN contributor and RedState blogger Erick Erickson labeled the protesters as “profoundly dumb.”

Certainly, debates about the tactics and strategy behind an anti-Wall Street campaign are warranted. But in a country where much of the populist energy has been absorbed by a movement that compared expanding access to private insurance to “death panels,” it’s worth reviewing why Americans and others should be protesting against Wall Street.

While many of the conservative defenders of Wall Street may be quick to portray protests against the American financial establishment as driven by envy of its wealth or far-left ideologies, the truth is that people have a very simple reason to be angry — because Wall Street’s actions made tens of millions of people dramatically poorer through no fault of their own. In 2010, the International Monetary Fund and World Bank conducted studies of the effects of the global recession — caused largely by Wall Street financial instruments that were poorly regulated by government policies — and found that the recession threw 64 million people into extreme poverty:

The International Monetary Fund estimates that the global economy contracted by 0.6 per cent in 2009 and the implications of this have been severe for many. Economic growth in developing countries was only 1.7 per cent in 2009 compared with 8.1 per cent in 2007. However, if China and India are excluded, the economies of developing countries actually contracted by 1.8 per cent. The World Bank has estimated that an additional 64 million people will be living in extreme poverty on less than US$1.25 a day by the end of 2010 as a result of the global recession.

And nearly three years after the start of the global economic crisis — where taxpayers in multiple countries were called upon to save the financial industry — most of the banking elite’s top executives remain virtually untouched. There have been almost no high-profile convictions for fraud and related financial crimes, banking profits continue to soar, and unemployment not just in the U.S. but globally remains very high.

Given these facts, the question is not why more than a thousand people demonstrated on Wall Street yesterday. The question is, why aren’t even more people in the streets of the financial district in New York City?” - Zaid Jilani, ThinkProgress

[Photo: Paul Weiskel]

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On Third Anniversary Of The 2008 Financial Crisis, GOP Candidates Pledge To ‘Free Up’ Wall Street

 (by ThinkProgress6)



Jammers, dreamers, patriots,

Anonymous has just released a video communique endorsing #OCCUPYWALLSTREET. Using language from our first Tactical Briefing, the video calls on protesters to adopt the nonviolent Tahrir-acampadas model. On the 17th of September, it says, “flood into lower Manhattan, set up tents, kitchens, peaceful barricades and occupy Wall Street for a few months … Once there, we shall incessantly repeat one simple demand in a plurality of voices.”

See also signs of support for S17 on Anonymous’s Twitter and websites.

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If you live in the NYC area, here is a chance to be the change..

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