OCCUPY WALL STREET

[SugarFemme]

My community has 13.6% unemployment and 26% of the houses are vacant. It's really sad. Oh and they try and pretend that we don't have a homeless issue when there are literally tents and boxes lining up Main St.

Originally Posted by SoNotHer

So as winter comes on, and the OWS movements get shut down, the movement will hopefully find new ways to keep the momentum going. I was reading the news this morning about foreclosures for the third quarter. The percentage jump in foreclosures sometimes equal to the loss in value of the home in some cities. The debt, the loss, the suffering, the crisis continues -

http://realestate.aol.com/blog/galle...-foreclosures/

10. Columbus, Ohio

Quarterly increase in foreclosures: +32%
# of Foreclosures Q3 2011: 2,273
Unemployment: 7.6%
% home value down from peak: -12.42%

Columbus hit its median home value peak in the first quarter of 2006. Since that time, home values have declined a relatively modest 12.4%, including a 3.4% drop last year. By the second quarter of 2012, Fiserv projects that homes in the area will lose another 2.3% of their value. Median family income in Columbus is above the national average, and unemployment is just 8%, a full percentage point less than the national average. Despite the fact that things don’t look so bad for the Columbus housing market compared to other regions, the city foreclosure rate still increased by 32% last quarter. A total of 2,273 homes were foreclosed upon during that time.

9. Cape Coral-Fort Myers, Fla.

Quarterly increase in foreclosures: +35%
# of Foreclosures Q3 2011: 1,743
Unemployment: 11.2%
% home value down from peak: -59.3%

There is arguably no single housing market with a worse long-term outlook than southwest Florida, and the Cape Coral-Fort Myers region is the worst of these. Housing prices in the have already dropped 59.3% from their peak, and Fiserv project them to decline another 12.2% by the second quarter of next year. According to Corelogic, 47% of the homes in the Cape Coral-Fort Myers area are worth less than their mortgages because of declining values. Foreclosures have increased 35% in the last quarter, and with no sign of recovery in the immediate future that trend may worsen in the coming months.

7. Fresno, Calif.

Quarterly increase in foreclosures: +41%
# of Foreclosures Q3 2011: 2,174
Unemployment: 14.9%
% home value down from peak: -54%

Fresno’s economy has continued to suffer since housing prices began to drop in 2006. It currently has an unemployment rate of 14.9%, which is one of the highest in the country. Home prices peaked in the first quarter of 2006 and have been decreasing since. The metropolitan area also has one of the highest underwater mortgage rates in the country, with a negative equity share of nearly 46%. In the last year alone home prices have dropped 11%.

5. Jacksonville, Fla.

Quarterly increase in foreclosures: +49%
# of Foreclosures Q3 2011: 2,559
Unemployment: 9.5%
% home value down from peak: -39.3%

Jacksonville has experienced a quarterly increase in foreclosures of nearly 50%. Home prices have dropped 39.1% since their peak in the second quarter of 2006. The metropolitan area’s negative equity share also exceeds 46%, making it among the worst in the country for underwater mortgages. Home prices are expected to decrease another 10.7% by the second quarter of 2012.

3. Sarasota-Bradenton-Venice, Fla.

Quarterly increase in foreclosures: +57%
# of Foreclosures Q3 2011: 1,673
Unemployment: 11%
% home value down from peak: -51.4%

The Sarasota-Bradenton-Venice metropolitan area has seen the third largest increase in the country in foreclosures in the third quarter. However, only 1,673 homes out of the 311,475 on the market were foreclosed upon. The housing market has suffered a great deal since housing prices peaked in the first quarter of 2006. Since then, overall home prices have dropped 51.4%

[Glenn]

Another CEO gets a 100mil+ parachute after driving a company's stock price into the ground. This news release came AFTER market close on a Friday (so no one would notice) http://huffingtonpost.com/2011/10/31...n_1068186.html

[atomiczombie]

This from Occupy News on Facebook:

The Seattle City Council on Monday unanimously approved a resolution declaring its support for the Occupy movement’s campaign to limit economic insecurity and recognizing the movement's right to peaceful and lawful speech and assembly.
How are they proving this support?
Another unanimous City Council decision was made to move all City money out of Wells Fargo and into a Credit Union (about 3 billion dollars).

[SugarFemme]

I forgot to add that 1 in 5 children in my community go to bed hungry. It makes me so angry. Trillions of dollars for wars and banks and very little to feed hungry kids. "We" collectively as a society should be ashamed of ourselves they we have not held big business and the government accountable sooner. Just my opinion.

[greeneyedgrrl]

ish is going down at ows.
http://www.livestream.com/globalrevolution

[atomiczombie]

I am watching. The are cops are raiding Zucotti Park. Asshat police. Grr....

[Ebon]

Watching and listening to police scanner.

[greeneyedgrrl]

i think that it would be so easy for me to get angry.....and to feel justified in that anger...and then i remember that we're all on the same side.
we're burning two ends of the same candle.

...and we have to stop.

[SoNotHer]

Wow. Just wow. I'm amazed what people are posting and just nonplussed by the police response.

Originally Posted by greeneyedgrrl

ish is going down at ows.
http://www.livestream.com/globalrevolution

[ruffryder]

Originally Posted by persiphone

i think Obama recently passed a cap on student loan payments of 10% of your income maximum. i think the whole thing is now based on your current income, actually. i could be wrong. it's been a minute since i read about it and it was a buried story and i haven't seen anything about it since.

I hope this is true. I heard something was gonna change and students can at least consolidate into one loan. Not sure about 10% though. Wouldn't mind a link or more information if anyone has it. I just got my bachelors degree and owe loans and am unemployed so yeah.. not sure they are gonna get any of my money for awhile until I am employed.

Originally Posted by OneOfAKind

I forgot to add that 1 in 5 children in my community go to bed hungry. It makes me so angry. Trillions of dollars for wars and banks and very little to feed hungry kids. "We" collectively as a society should be ashamed of ourselves they we have not held big business and the government accountable sooner. Just my opinion.

I saw in one of the occupy areas, (I think Denver) a church was feeding the homeless and offered food to the occupy protestors as well. I don't understand why we should be ashamed of ourselves for people going to bed hungry when you can be a part of the solution and offer what you have to the hungry. If we haven't been able to rely on big corporations to help with homelessness and starvation in the U.S. why should we now? Or why should we be ashamed because of it? You already know what they are about, helping themselves and making money. I think if people got together at the occupy movements and included the homeless and hungry it could make a difference in our world. Afterall isn't learning about teaching and setting an example and being the 1% difference.

Originally Posted by guihong

Okay, that's enough of this. Now I have "Don't let the door hit you in the ass on the way out of the thread". I'm done; and OWS has lost a supporter.

Not sure what happened here, but if someone said that that is rude and I'm sorry you feel you don't have a voice here. I, for one appreciate the questions you have. Not everyone understands everything going on or agrees with everything about OWS. So I appreciate differing views and questions so that people can understand. Sorry again.