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CHARTS: Here's What The Wall Street Protesters Are So Angry About...

CHARTS: Here's What The Wall Street Protesters Are So Angry About...
The "Occupy Wall Street" protests are gaining momentum, having spread from a small park in New York to marches to other cities across the country. So far, the protests seem fueled by a collective sense that things in our economy are not fair or right. But the protesters have not done a good job of focusing their complaints—and thus have been skewered as malcontents who don't know what they stand for or want. (An early list of "grievances" included some legitimate beefs, but was otherwise just a vague attack on "corporations." So, what are the protesters so upset about, really? Do they have legitimate gripes? To answer the latter question first, yes, they have very legitimate gripes. And if America cannot figure out a way to address these gripes, the country will likely become increasingly "de-stabilized," as sociologists might say. In other words, in the never-ending tug-of-war between "labor" and "capital," there has rarely—if ever—been a time when "capital" was so clearly winning.

OccupyStream - Live Revolution Tiananmen protest leader thrilled by ‘Occupy Boston’ demonstration By Eric W. DolanWednesday, October 12, 2011 20:01 EDT Chai Ling, former commander-in-chief of the 1989 Tiananmen Square student movement, on Wednesday visited “Occupy Boston” protesters to provide them with encouragement. “Without pressure to provide a public space for these protests to continue, the movement will not be sustained,” she said in a statement. Police in Boston arrested 141 protesters early Tuesday morning at the Rose Kennedy Greenway in one of the biggest mass arrests in the city’s history. Boston Mayor Thomas M. The “Occupy Boston” demonstration started in Dewey Square on September 30, inspired by the ongoing “Occupy Wall Street” protest in lower Manhattan. “The movement doesn’t have a leader and needs a leadership team to be effective,” Ling, who now lives in Boston, added. She said the movement should be about change for absolutely everyone, in contrast to their common slogan, “We are the 99 percent.” Photo credit: Flickr user qwrrty Eric W. Eric W.

OWS: 'Occupy' protesters prepare for winter Winter is not a good season for an outdoor protest. Just ask any union member who has picketed in Minneapolis in, say, January. So when the cold began to descend on the Occupy Wall Street protesters gathered in cities around the United States, conventional wisdom had it that their movement would wither. Skip to next paragraph Subscribe Today to the Monitor Click Here for your FREE 30 DAYS ofThe Christian Science MonitorWeekly Digital Edition But if this past weekend's early snowstorm is any indication, the Occupiers have other ideas. When the storm hit here in Boston on Saturday, for example, the local movement's "winterization" working group was ready. “This was the best possible weather, because it gave people a taste [of the cold] without being dangerous,” said one winterization committee member. With the full brunt of winter still several weeks away, the winterization group’s long-term efforts are still in the planning stages.

Anonymous Threatens to 'Erase NYSE from the Internet' UPDATE: Some in the Anonymous collective believe the threat against the NYSE and the group behind it don't really represent the Anonymous movement or the Occupy Wall Street protests. We've published a report on those counter-claims here. Anonymous declared "war" on the New York Stock Exchange this weekend and vowed to "erase" the NYSE from the Internet on Oct. 10 as the Occupy Wall Street protest entered its third week in New York City after a weekend that saw hundreds of protesters arrested during a planned march across the Brooklyn Bridge. "On Oct. 10, NYSE shall be erased from the Internet. The AnonMessage channel has been used to post several Occupy Wall Street-related video messages since the protest against lax regulation of the financial sector and growing economic inequality began on Sept. 17. Others felt that would only be a minor setback for the NYSE and guessed that Anonymous was planning a larger attack, perhaps even an attempt to actually disable trading on the exchange.

The Great American Bubble Machine | Politics News The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates. Invasion of the Home Snatchers By now, most of us know the major players. As George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. The Feds vs. Wall Street's Big Win

Occupy Wall Street: A timely call for justice I love that when Occupy Wall Street was denied permission to use bullhorns, demonstrators came up with an alternative straight out of Monty Python, or maybe “The Flintstones”: Have everyone within earshot repeat a speaker’s words, verbatim and in unison, so the whole crowd can hear. It works — and sounds tremendously silly. Protest movements that grow into something important tend to have a sense of humor. I can’t help but love that House Majority Leader Eric Cantor called the protests “growing mobs” and complained about fellow travelers who “have actually condoned the pitting of Americans against Americans.” Most of all, I love that the Occupy protests arise at just the right moment and are aimed at just the right target. “Economic justice” may mean different things to different people, but it’s not an empty phrase. Revolutionary advances in technology and globalization are the forces most responsible for the hollowing-out of the American economy. Does that sound broad and unfocused?

Occupy - Aktuelle Nachrichten - Berlin Nachrichten Kreuzberg Blog Berlin ist Kreuzberg. Und umgekehrt. Kaum ein anderer Berliner Bezirk wird so stark mit der Hauptstadt in Verbindung gebracht wie Kreuzberg. Was die Kreuzberger bewegt, viele Kiezgeschichten und Meinungen lesen Sie im hyperlokalen Projekt des Tagesspiegels.Zum Kreuzberg Blog Wedding Blog Der Wedding lebt. Zehlendorf Blog Zehlendorf – fein, langweilig, reich?

Joining Occupy Wall Street Cost Me My Job 1. You don't fire someone for potentially iffy cause if you can just lay them off due to budget cutbacks. One is majorly lawyer-uppable and the other mostly isn't. I've managed hiring/firing and this is a no-brainer. Also, if you have a choice as to firing someone for cause over poor job performance as opposed to political controversy, you always go with poor performance, which will be harder to defeat in court. 2. Her boss, on the other hand, could just be a dick. But no, she got fired, so she must have deserved it. I think a lot of employers wait until they have a tangible reason to fire an undesired employee instead of just firing them for general work performance for their own peace of mind. If this woman was a valued employee she wouldnt have been fired. "If this woman was a valued employee she wouldnt have been fired." Total bullshit. "If she had time to go protest during regular working hours she obviously wasnt doing her job anyway."

Wall Street Aristocracy Got $1.2 Trillion From Fed Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Fed Chairman Ben S. “These are all whopping numbers,” said Robert Litan, a former Justice Department official who in the 1990s served on a commission probing the causes of the savings and loan crisis. (View the Bloomberg interactive graphic to chart the Fed’s financial bailout.) Foreign Borrowers It wasn’t just American finance. Peak Balance The balance was more than 25 times the Fed’s pre-crisis lending peak of $46 billion on Sept. 12, 2001, the day after terrorists attacked the World Trade Center in New York and the Pentagon. Odds of Recession Liquidity Requirements ‘Stark Illustration’ 21,000 Transactions Rolling Crisis

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