OCCUPY WALL STREET

[dreadgeek]

Originally Posted by Silvy

I am from the UK and I've never watched the news when reporting about demonstrations of US citizens against banks, hedge fonds, sharks and monsters. Thank you all for your courage and conviction to show us how we globally have to stand together, reaching out for more ethical values and moral consciousness in capitalism and business.

Silvy:

Actually, I think it is we Americans who need to think the rest of you lot for showing US the way. Years ago (during the time of Bush the Younger) I was wondering what it was going to take for Americans to turn out into the streets. After the election of Obama I still watched with, well, envy isn't too strong a word as people poured into the streets in France, Greece, Spain and the UK over attempts to Americanize the social safety net (in other words to make it threadbare) and various 'austerity' programs including hiking tuition at universities. Each news story I wondered what it would take or if we, as a people were so disarmed as political body that no one in elected office even had to lose sleep at the thought of our wrath. I started to fear that so many Americans were either so dispirited or so distracted that there was pretty much nothing that could piss them off enough to make them pour into the streets.

So a hearty thank you to all of you on your side of the Pond and on the Continent for reminding Americans that nations only work if the people do more than sit back and watch reality TV.

Cheers
Aj

[Linus]

Just because I believe in protesting but protesting with correct facts: http://www.politifact.com/truth-o-me...tio-has-obscu/

But in its claim that the U.S. ratio is 475 to 1, the chart conveys a sense of certitude and statistical precision that simply isn't warranted -- and which is contradicted by the facts. The latest number for the U.S. is 185 to 1 in one study and 325 to 1 in another -- and those numbers were not generated by groups that might have an ideological interest in downplaying the gaps between rich and poor. We rate the claim on the U.S. ratio False.

[Linus]

Originally Posted by persiphone

http://news.yahoo.com/anonymous-hack...150513737.html

so realistically, what would happen if hackers wiped out the stock exchange?

It's happened before and they'll likely recover. IIRC, the minute that something is amiss, all trading is stopped.

[Toughy]

If you live in Oakland CA.........today at 4:00pm downtown (12th street BART) there is a OWS protest

[atomiczombie]

By Pat Garofalo, Think Progress
08 October 11

The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests - as even Federal Reserve Chairman Ben Bernanke said - makes sense due to the big bank malfeasance that led to the Great Recession.

While the Dodd-Frank financial reform law did a lot to ensure that a repeat of the 2008 financial crisis won't occur - through regulation of derivatives, a new consumer protection agency, and new powers for the government to dismantle failing banks - the biggest banks still have a firm grip on the financial system, even more so than before the 2008 financial crisis. Here are eleven facts that you need to know about the nation's biggest banks:


Bank profits are highest since before the recession ...: According to the Federal Deposit Insurance Corp., bank profits in the first quarter of this year were "the best for the industry since the $36.8 billion earned in the second quarter of 2007." JP Morgan Chase is currently pulling in record profits.


... even as the banks plan thousands of layoffs: Banks, including Bank of America, Barclays, Goldman Sachs, and Credit Suisse, are planning to lay off tens of thousands of workers.


Banks make nearly one-third of total corporate profits: The financial sector accounts for about 30 percent of total corporate profits, which is actually down from before the financial crisis, when they made closer to 40 percent.


Since 2008, the biggest banks have gotten bigger: Due to the failure of small competitors and mergers facilitated during the 2008 crisis, the nation's biggest banks - including Bank of America, JP Morgan Chase, and Wells Fargo - are now bigger than they were pre-recession. Pre-crisis, the four biggest banks held 32 percent of total deposits; now they hold nearly 40 percent.


The four biggest banks issue 50 percent of mortgages and 66 percent of credit cards: Bank of America, JP Morgan Chase, Wells Fargo and Citigroup issue one out of every two mortgages and nearly two out of every three credit cards in America.


The 10 biggest banks hold 60 percent of bank assets: In the 1980s, the 10 biggest banks controlled 22 percent of total bank assets. Today, they control 60 percent.


The six biggest banks hold assets equal to 63 percent of the country's GDP: In 1995, the six biggest banks in the country held assets equal to about 17 percent of the country's Gross Domestic Product. Now their assets equal 63 percent of GDP.


The five biggest banks hold 95 percent of derivatives: Nearly the entire market in derivatives - the credit instruments that helped blow up some of the nation's biggest banks as well as mega-insurer AIG - is dominated by just five firms: JP Morgan Chase, Goldman Sachs, Bank of America, Citibank, and Wells Fargo.


Banks cost households nearly $20 trillion in wealth: Almost $20 trillion in wealth was destroyed by the Great Recession, and total family wealth is still down "$12.8 trillion (in 2011 dollars) from June 2007 - its last peak."


Big banks don't lend to small businesses: The New Rules Project notes that the country's 20 biggest banks "devote only 18 percent of their commercial loan portfolios to small business."


Big banks paid 5,000 bonuses of at least $1 million in 2008: According to the New York Attorney General's office, "nine of the financial firms that were among the largest recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008."
In the last few decades, regulations on the biggest banks have been systematically eliminated, while those banks engineered more and more ways to both rip off customers and turn ever-more complex trading instruments into ever-higher profits. It makes perfect sense, then, that a movement calling for an economy that works for everyone would center its efforts on an industry that exemplifies the opposite.

Link: http://www.readersupportednews.org/n...-biggest-banks

[tapu]

My, my. Talk about "with a bullet."


http://www.foxnews.com/politics/2011...rotests-mount/

[BBinNYC]

On Saturday, I left Yom Kippur services after we read Isaiah chap 8 which talks about not oppressing workers while observing the fast. It's a reading about Yom Kippur and economic justice. I went down to OWS for a few hours and then returned to services. Here are the pics I took:

[SoNotHer]

Martin Luther King, Jr.:

"In our glorious fight for civil rights, we must guard against being fooled by false slogans, as 'right-to-work.' It provides no 'rights' and no 'works.' Its purpose is to destroy labor unions and the freedom of collective bargaining... We demand this fraud be stopped." —Speaking on right-to-work laws in 1961

Dwight D. Eisenhower:

"Only a fool would try to deprive working men and working women of their right to join the union of their choice."

Jimmy Carter:

"Every advance in this half-century: Social Security, civil rights, Medicare, aid to education... one after another - came with the support and leadership of American Labor."

Molly Ivins:

"Although it is true that only about 20 percent of American workers are in unions, that 20 percent sets the standards across the board in salaries, benefits and working conditions. If you are making a decent salary in a non-union company, you owe that to the unions. One thing that corporations do not do is give out money out of the goodness of their hearts."

Recall Walker and Stand Up for Wisconsin:

"Screw us, and we multiply."

[Shadowboi2010]

I was glad to read the opening creed on this thread. I'm glad to know what this is all about. I've been out of town for the past week, so I've just been getting the spin the news puts on it.

Some of the opening points I agree with, some I don't. I reckon its like anything else.

Thank you for posting it!

[Cin]

5 Conservative Economic Myths Occupy Wall St. Is Helping Bust

1. Business does everything better than government.

2. Rich people are “job creators.”

3. Government and taxes take money out of the economy.

4. Regulations Kill Jobs

5. “Protectionism” hurts the economy.

Here's the article:

http://www.alternet.org/occupywallst...t/?page=entire

[PumaJ]

Dance break during Occupy Portland/OWS

[Cin]

I've been wondering what path those with power will take to sabotage OWS. I mean this can't go on unchecked. Unless, as Heart alluded to in an earlier post, the timing of this will be seen as a way to ensure a republican victory in 2012. I suppose plants that challenge the police and cause confrontations will be part of the plan. Escalating the violence perpetrated against the protestors by the police using plants to instigate will work well and will allow mainstream america to shrug it off as the protestors getting what they deserve. Hopefully nothing too drastic will take place, but if it does let's hope they employ exceedingly stupid infiltrators like this assistant editor of the American Spectator who could not keep his mouth shut about his actions and the reasons behind them.

http://www.commondreams.org/headline/2011/10/11-3

[SoNotHer]

I've been wondering the same, Miss Tick, and waiting for the "other shoe to drop."

Tapu posted a link to a Fox (horrors!) news report that began with long quotes in response to OWS by Cain and Cantor, which necessarily condemned the movement in snarly words.

But here's the positive take away of this: they're paying attention, and they're nervous. And I am hopeful that transmutes into the kind of change we have needed to work in concert with the President's initiatives.

Originally Posted by Miss Tick

I've been wondering what path those with power will take to sabotage OWS. I mean this can't go on unchecked. Unless, as Heart alluded to in an earlier post, the timing of this will be seen as a way to ensure a republican victory in 2012. I suppose plants that challenge the police and cause confrontations will be part of the plan. Escalating the violence perpetrated against the protestors by the police using plants to instigate will work well and will allow mainstream america to shrug it off as the protestors getting what they deserve. Hopefully nothing too drastic will take place, but if it does let's hope they employ exceedingly stupid infiltrators like this assistant editor of the American Spectator who could not keep his mouth shut about his actions and the reasons behind them.

http://www.commondreams.org/headline/2011/10/11-3

[Cin]

Originally Posted by SoNotHer

I've been wondering the same, Miss Tick, and waiting for the "other shoe to drop."

Tapu posted a link to a Fox (horrors!) news report that began with long quotes in response to OWS by Cain and Cantor, which necessarily condemned the movement in snarly words.

But here's the positive take away of this: they're paying attention, and they're nervous. And I am hopeful that transmutes into the kind of change we have needed to work in concert with the President's initiatives.

Absolutely. I'm all for positives. And there are many here. And watching our backs is also positive. I'm sure there are things that can be done, especially mentally, to prepare for these kinds of probable attacks during a protest. I'm sure organizers are aware and have anticipated this. No one could believe that the 1% is unprepared.

[Novelafemme]

Originally Posted by PumaJ

Dance break during Occupy Portland/OWS

This is awesome, PumaJ!! I would totally be out there bustin' a move with them

[Novelafemme]

[Corkey]

Is this from a protest or is it something else? It appears that they are at the mall, yes I used to live there, and the cops have APC's for SWAT, the pics are not coherent. Could you give some perspective on this?

[Cin]

Originally Posted by Corkey

Is this from a protest or is it something else? It appears that they are at the mall, yes I used to live there, and the cops have APC's for SWAT, the pics are not coherent. Could you give some perspective on this?

I stumbled across this article while reading stuff online. I don't know why Ventura California is using armored vehicles or IF they are or really what is going on. It does say ventura police on the vehicle. Here is the link http://uswgo.com/ventura-ca-police-u...he-streets.htm

I thought it was interesting, but I don't know the law about armored vehicles and the police or if there is one. Perhaps police departments often use armored vehicles. They certainly used them in Pittsburgh during the G20 summit. I don't remember seeing them before though. But that doesn't mean it isn't a usual thing. It seems scary though. What do police departments need armored vehicles for?

They are at the mall? Is it usual for armed vehicles with Ventura Police on them to be at the mall? Even if there is a protest or whatever. I mean do police departments have armored vehicles?

[Corkey]

Originally Posted by Miss Tick

I stumbled across this article while reading stuff online. I don't know why Ventura California is using armored vehicles or IF they are or really what is going on. It does say ventura police on the vehicle. Here is the link http://uswgo.com/ventura-ca-police-u...he-streets.htm

I thought it was interesting, but I don't know the law about armored vehicles and the police or if there is one. Perhaps police departments often use armored vehicles. They certainly used them in Pittsburgh during the G20 summit. I don't remember seeing them before though. But that doesn't mean it isn't a usual thing. It seems scary though. What do police departments need armored vehicles for?

Ok thank you. Yes, police departments do use APC's for SWAT teams, they also show them off at all kinds of events for recruiting police officers. In California most cities that have a large population i.e.: LA, SF, Oakland, San Diego, Ventura, San Bernardino have these vehicles. They are nothing new.

[Cin]

Originally Posted by Corkey

Ok thank you. Yes, police departments do use APC's for SWAT teams, they also show them off at all kinds of events for recruiting police officers. In California most cities that have a large population i.e.: LA, SF, Oakland, San Diego, Ventura, San Bernardino have these vehicles. They are nothing new.

Ah okay just some bullshit propaganda. I'm going to delete it then. Thanks.