Oct. 15 (Bloomberg) — Occupy Wall Street demonstrations in New York City today culminated with a Times Square rally that drew thousands opposed to economic inequality, echoed by protests from London to Tokyo.
Participants in the month-old movement marched past a JPMorgan Chase & Co. branch early in the day to urge clients to close accounts. Twenty-four were arrested later at a Citigroup Inc. office, the police said, and about 6,000 gathered in Times Square, the organizers estimated.
Hong Kong, Sydney, Toronto and other cities also saw protests, which turned violent in Rome, in what organizers called a “global day of action against Wall Street greed.” Backers say they represent “the 99 percent,” a nod to Nobel Prize-winning economist Joseph Stiglitz’s study showing the top 1 percent of Americans control 40 percent of U.S. wealth.
“The world will rise up as one and say, ‘We have had enough,'” Patrick Bruner, an Occupy Wall Street spokesman, said in an e-mail. A news release from the organization said there were demonstrations in 1,500 cities worldwide, including 100 in the U.S.
Over 3,000 people gathered at Liberty Plaza in the pre-dawn hours this morning to defend the peaceful Occupation near Wall Street. The crowd cheered at the news that multinational real estate firm Brookfield Properties will postpone its so-called ‘cleanup’ of the park and that Mayor Bloomberg has told the NYPD to stand down on orders to remove protesters. On the eve of the October 15 global day of action against Wall Street greed, this development has emboldened the movement and sent a clear message that the power of the people has prevailed against Wall Street. …
On October 15th, Occupy Wall Street will demonstrate in concert over 951 cities in 82 countries and counting as people around the globe protest in an international day of solidarity against the greed and corruption of the 1%.
Mr. Bloomberg, speaking later in the morning on his weekly radio program on WOR-AM (710), attributed the decision to postpone the cleaning to the company that owns the park, Brookfield Properties, which he said had been pressured to back off by elected officials. Mr. Bloomberg indicated that he had some misgivings about the decision, and was not sure what would happen next.
“Yesterday, as of 8 o’clock at night, they were going ahead to do it, but as of midnight they called and said they wanted to postpone the cleaning operations to see if they could work out an agreement with the protesters,” Mr. Bloomberg said. “My understanding is that Brookfield got lots of calls from many elected officials threatening them and saying if you don’t stop this we’ll make your life more difficult.”
That is an ugly allegation.
Bloomberg and his cronies will be back with some other reason to put an end to the protest. He must protect his fellow oligarchs from the embarrassment by the masses before the world. Right now it might create an international incident.
Solidarity hero Lech Walesa [sic] is flying to New York to show his support for the Occupy Wall Street protesters. “How could I not respond,” Walesa told a Polish newspaper Wednesday. “The thousands of people gathered near Wall Street are worried about the fate of their future, the fate of their country. This is something I understand.” []
WaÅ‚Ä™sa says he’s coming to help protest economic “unfairness.” “Union leaders and capitalists need to figure out what to do, because otherwise they will have to contend with a worldwide revolt against capitalism,” he warned.
On October 15th people from all over the world will take to the streets and squares.
From America to Asia, from Africa to Europe, people are rising up to claim their rights and demand a true democracy. Now it is time for all of us to join in a global non violent protest.
The ruling powers work for the benefit of just a few, ignoring the will of the vast majority and the human and environmental price we all have to pay. This intolerable situation must end.
United in one voice, we will let politicians, and the financial elites they serve, know it is up to us, the people, to decide our future. We are not goods in the hands of politicians and bankers who do not represent us.
On October 15th, we will meet on the streets to initiate the global change we want. We will peacefully demonstrate, talk and organize until we make it happen.
It’s time for us to unite. It’s time for them to listen.
The resistance continues at Liberty Square, with free pizza 😉
“I don’t know how to fix this but I know it’s wrong.” ~ Unknown Author
Blogger extraordinaire, Jesse LaGreca, aka MinistryOfTruth, was interviewed by Susie Madrak of Crooks & Liars. Jesse recounted at Daily Kos about being assaulted by a man who was pitching a fit and looking for a fight and discovered that James O’Keefe was lurking in Liberty Park, as well as, some right wing trolls. He warned that the “Empire” is striking back.
The issue of the Democratic Party trying to co-opt the growing “Occupy” movement has become a topic of establishment media conversation. It is being discussed through the lens of whether this movement will do for Democrats what the Tea Party did for Republicans in 2010. It is also being discussed in terms of how to use the broad-based anger and energy to advance Democratic policy proposals in Congress. []
Democrats may believe “people are people” but they certainly haven’t done anything to address the issue of corporate personhood in America. The passage of the Credit Cardholder’s Bill of Rights is nothing to tout. As William Greider of The Nation wrote, it basically consisted of regulatory rules that had previously been adopted by the Federal Reserve. It gave the industry nine additional months to “gouge” customers before the new rules went into effect. And, Visa and MasterCard, Citigroup and JPMorgan Chase were “free to raise future interest rates to the sky-without limit.” Additionally, Schultz must be lunatic if she thinks this group is going to coalesce behind the nomination of Richard Cordray, whom Obama picked because he didn’t want to upset his Wall Street donors and push for Elizabeth Warren to be nominated. []
The people’s ability to influence power has been neutralized by corporate and special interest money. It has been neutralized by bureaucracies whose existence in government is more important than the damage they do to liberty and justice in society. And, it has been neutralized by two parties who give Americans the illusion of choice and cite the other party’s most frightening and upsetting features to intimidate citizens into perpetuating and reinforcing the worst aspects of the system.
The people have woken up. They won’t go to sleep because they realize the last option they have for improving their lives and the greater society is public rebellion. Everything else is futile.
Included in Kevin’s great analysis of the Democrats’ attempts to co-opt the OWS movement was this segment of “Hardball” with Chris Matthews and Ron Reagan
REAGAN: This is a movement that has a broad-based anger and the challenge it seems to me for the Democratic Party if they want to somehow join the movement or co-opt the movement, however you want to put it, is that these folks are just as mad at them as they are with the Republicans. The Republicans may be more egregiously in the hip pocket of Wall Street and the bankers but the Democrats are too. There are plenty of Democratic congressmen and senators who have staked their whole careers on providing tax loopholes for the richest 1%. They’re not the natural allies of the “Occupy Wall Street” movement.
MATTHEWS: And, by the way, let’s not forget the Democrats controlled both Houses of Congress and the White House at numerous times in our lifetime and they didn’t fix the tax system when they had all the power in the world. []
REAGAN:The problem is, again, that these people are angry at a system that has been rigged by both parties to serve moneyed interests. The Democrats have been complicit in that just as the Republicans have been complicit in that. Your question to Debbie Wasserman-Schultz, “What are you going to offer these people?” is exactly the question. What are the Democrats going to offer these people? Are they going to throw some bankers in jail? Are they going to close the loopholes for the richest 1%? I’m not so sure that all the Democrats are on board with that.
MATTHEWS: I wonder if both parties aren’t hoping for colder weather to come soon because then they can say what a great demonstration of unhappiness and how wonderful it’s over because then we don’t have to worry about it anymore.
Matthews is a clueless, twit. The cold didn’t stop the protests in Madison, WI.
When I first wrote in defense of the Occupy Wall Street protests a couple of weeks ago, I suggested that much of the scorn then being expressed by many progressives was “grounded in the belief that the only valid form of political activism is support for Democratic Party candidates.” Since then, even the most establishment Democrats have fundamentally changed how they talk about the protests – from condescension and hostility to respect and even support – and The New York Times today makes clear one significant factor accounting for this change:
Leading Democratic figures, including party fund-raisers and a top ally of President Obama, are embracing the spread of the anti-Wall Street protests in a clear sign that members of the Democratic establishment see the movement as a way to align disenchanted Americans with their party.
The Democratic Congressional Campaign Committee, the party’s powerful House fund-raising arm, is circulating a petition seeking 100,000 party supporters to declare that “I stand with the Occupy Wall Street protests.”
The Center for American Progress, a liberal organization run by John D. Podesta, who helped lead Mr. Obama’s 2008 transition, credits the protests with tapping into pent-up anger over a political system that it says rewards the rich over the working class – a populist theme now being emphasized by the White House and the party. The center has encouraged and sought to help coordinate protests in different cities.
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Can that scheme work? Can the Occupy Wall Street protests be transformed into a get-out-the-vote organ of Obama 2012 and the Democratic Party? To determine if this is likely, let’s review a few relevant facts.
The last and best part of Glenn’s article is the up date:
UPDATE: Here are the top recipients of campaign donations from the “securities and investment” industry from 1989 through 2010 (h/t muddy thinking):
Click on image to enlarge
Would it not be a bit odd for a protest movement to “Occupy Wall Street” while simultaneously devoting itself to keeping Wall Street’s most lavishly funded politician in power?
Former Sen. Russ Feingold, founder of Progressives United, tells Keith he both supports and is excited about the Occupy protests. Feingold is calling on Democrats to not play “cautious politics” and to join the movement, saying conservatives are attempting to mock the protests because “they’re very nervous that this might work.” Feingold adds, “My sense is that there is great fear that this sweet deal that a lot of these people have in both Washington and New York … is finally being threatened and challenged.”
“This is the place where you can protest,” Bloomberg said last week, calling New York the “most tolerant, open city in the world.”
Is that so. Mike? How about your out of control police white shirts that indiscriminately pepper spray lawful protesters and lead them on to the roadway of the Brooklyn Bridge only to set them up for arrest? Are you going to pay back the tax payers of NYC for the cost of defending the lawsuits that will generate? Not to mention the pay out when the city is found libel for police brutality and entrapment.
As for “letting the protesters stay”, reality is that the mayor has no power to make them leave. The Zucotti park is what is known as a privately owned public space and there are over five hundred such spaces in NYC, including Tompkins Square Park, that are part of a program to encourage private developers to provide indoor and outdoor public spaces. Under the agreement these spaces are open to the public 24/7 and neither the police or the owners have the right or remove anyone so long as they abide by the law and the reasonable rules established by the private owners.
Tough, ain’t it, Mike, you aren’t a dictator.
“I don’t know how to fix this but I know it’s wrong.” ~ Unknown Author
The ice cream brand has issued a statement supporting the Wall Street protests. So what flavour should that solidarity come in?
The board of directors of well-known ice cream brand Ben & Jerry’s has issued a statement, “We stand with you”, in support of the Occupy Wall Street movement:
“As a board and as a company we have actively been involved with these issues for years but your efforts have put them out front in a way we have not been able to do. We have provided support to citizens’ efforts to rein in corporate money in politics, we pay a livable wage to our employees, we directly support family farms and we are working to source fairly traded ingredients for all our products. But we realize that Occupy Wall Street is calling for systemic change. We support this call to action and are honored to join you in this call to take back our nation and democracy.”
Naomi Klein on why Occupy Wall Street is different.
NEW YORK (CNNMoney) — Occupy Wall Street is on the move … uptown.
Why uptown? Because that’s where the rich folks live!
Organizers are planning a march on Tuesday that will visit the homes of JP Morgan Chase (JPM, Fortune 500) CEO Jamie Dimon, billionaire David Koch, hedge fund honcho John Paulson, Howard Milstein, and News Corp (NWSA, Fortune 500) CEO Rupert Murdoch.
The millionaires and billionaires are being targeted for what event organizers called a “willingness to hoard wealth at the expense of the 99%.”
The resistance continues at Liberty Square, with free pizza 😉
“I don’t know how to fix this but I know it’s wrong.” ~ Unknown Author
Fellow blogger and one of the long term under-/unemployed, Jesse LaGrega, participated in ABC’s “This Week with Christiane Amanpour”. He not only held his own with the Village pundits, he left George Will speechless and shreds out of touch elitist Peggy Noonan.
Hundreds of Occupy Wall Street demonstrators streamed across the threshold of Washington Square Park on Saturday afternoon after a spirited but conflict-free march from the financial district.
As a throng of protesters filled the historic public space, at the heart of Greenwich Village, a chant rose up – from voices young, old and in-between – casting their movement as an intractable majority fed up with the nation’s financial inequities.
“We are the 99 percent,” they yelled, referring to the movement’s slogan. Some banged drums. Others poked placards with various slogans toward blue skies on an unseasonably warm October weekend. Septuagenarians were in the crowd; one man walked a toddler on his feet.
H/T to Yves Smith at her blog, naked capitalism, for this video:
If you go to YouTube to watch this video, there is an interactive transcript that follows the dialog.
On the Real News Network, Michael Hudson discusses some possible ideas for reforming finance to deal with the concerns raised by the OccupyWallStreet movement. I’ve noticed both here and on some news stories I heard in passing on MSNBC on Friday that the OccupyWallStreet movement has already succeeded in expanding the space of what is now being discussed as remedies.
In his weekly radio address, billionaire autocrat Michael Bloomberg took the opportunity to criticize the groups of students, labor unions, and other demonstrators who haven taken to Lower Manhattan to protest the state of our economy. “They’re trying to take away the tax base we have, because none of this is good for tourism,” Bloomberg said, apparently unaware that the tourists are eating it up and that some of the protesters are tourists themselves. He also claimed that those in Zuccotti Park were “trying to destroy the jobs of working people in this city.”
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Bloomberg began talking about the protests after a caller who claimed to live above Zuccotti Park said the park was “unusable” and complained of the group’s “incivility.” The mayor said “he couldn’t agree more.” According to the Times he also compared the protests to those in Vietnam for a second time in a week, noting that today’s anti-war protesters are respectful of veterans. “The Vietnam War, which was my generation, we treated our vets who came back terribly, just terribly,” he said. So, these protests are analogous to Vietnam in that they’re both pointless, job-killing nuisances?
He needs to allay the fears of his billionaire bankster buddies who are afraid that they might have to join Bernie Madoff in a federal prison.
NEW YORK — It’s rare that Mae Singerman, a self-described secular Jew who grew up in a Reform family, observes Yom Kippur by praying, fasting or attending synagogue.
But at sundown on Friday, the 27-year-old from Brooklyn planned to join hundreds of other Jews at the Occupy Wall Street demonstration for Kol Nidre, the opening service of Yom Kippur that starts the holiest time on the Jewish calendar.
“For me, it’s about bringing my Jewish identity and my politics together,” said Singerman, who has participated in several anti-capitalism protests in recent years and visited the demonstration at Zuccotti Park for the first time last week. “Having a Jewish service or ceremony brings more Jews who wouldn’t necessarily come. I know people coming tonight who are pretty skeptical about Occupy Wall Street but are willing to give it a try because of the Yom Kippur service.”
Organized mostly via Facebook over the last week, the Kol Nidre service starts at 7 p.m. across from the downtown park where demonstrations have occurred since mid-September. Almost 500 people have RSVP’d on Facebook, although at least a few dozen of them are out-of-towners who are just showing their support.
The service, led by rabbis and students from several Jewish traditions, has been endorsed by Jewish organizations such as Jews for Racial and Economic Justice and the Shalom Center. The Rabbinical Assembly for Conservative Judaism has donated 100 prayer books for the service, and organizers say that the Battery Park Synagogue and Chabad of Wall Street have welcomed holy-day observers who spend the night at the protest camp to come pray at Saturday services. Similar Kol Nidre services have also been planned in Boston, Philadelphia and Washington, D.C.
The resistance continues at Liberty Square, with free pizza 😉
For all the criticism about being leaderless and not having a cohesive, coherent message, Occupy Wall Street is ending its third week and it does show signs of going away. They have garnered support from activists, union, some politicians, and groups like MoveOn.org but the spokespeople for this nebulous group are adamant that this is not political. It is about the stolen American Dream from not just Americans but the world. It’s about health care, education, jobs, shelter and food. It about some people who will be in debt for the rest of their lives while the 1% who have destroyed this country stare down from their balconies and sip champagne. It is not the Democratic party’s Tea Party. It is not the left or the right, it is the bottom versus those at the top. It should be a wake up call to Wall St, corporations, banks, Republicans and Democrats alike. We aren’t going to take this anymore. Occupy Wall Street is the new Declaration of Independence for the 99% regardless of race, religion, sex, sexual preference or politics.
By: Kevin Gosztola Thursday October 6, 2011 9:16 am
What should the Occupy Wall Street organizers do? They should continue on the path they were on prior to all the labor and Democratic Party support. They should put the movement first and not bow to any Democratic Party or liberal organization operatives who seek to channel the movement into electoral politics or compel the movement to lower its sights. It should work to maintain a level of discipline and make sure it establishes what it is not. It should continue to aim for the impossible and remember that they have earned their power because they have occupied the park and stood their ground in the face of a media blackout, police brutality and contemptuous criticisms.
The occupiers did not come together to be the Tea Party of the left. They came together to take on corporate power and address problems that impact Americans who are conservative and liberal, left wing and right wing. And, to continue to grow as a movement that challenges the influence of corporations, special interests and the top 1% in government, they need to make clear this is not about building a better Democratic Party. This is about the war on poor, working class and middle class Americans, the constant attacks on unions and how Americans are begin to have influence over their government so the assaults on poor and working Americans come to an end.
This is a really long article by Spocko at MyFDL so I’m just going to post the link. it has some very salient points and information well worth reading even if you aren’t going to the protests
They are very young, very white, and largely inexperienced in organizing. But the Occupy Wall Street crew has picked the right target: finance capitalists, the class that is the common enemy of the human race. In that sense, “the Zuccotti Park campers are eons ahead of the faux radicals and ‘progressives’ who, in terror of the Tea Party and Republican presidential clown candidates, will soon return to the Obamite fold in their eternal search for lesser evils.” Obama was, and will remain, the candidate of Wall Street.
NEW YORK – Unions gave a high-profile boost to the long-running protest against Wall Street and economic inequality Wednesday, with their members joining thousands of protesters in a lower Manhattan march. Across the country, students at several colleges walked out of classes in solidarity.
People gathered at Foley Square, an area encircled by courthouses and named for “Big Tom” Foley, a former blacksmith’s helper who became a prominent state Democratic leader. From there they marched to Zuccotti Park, the protesters’ unofficial headquarters.
Sterling W. Roberson, vice president for the United Federation of Teachers, said union members shared the same ideals as activists who have been camped out in sleeping bags for more than two weeks.
“The middle class is taking the burden but the wealthiest of our state and country are not,” he said.
Thousands of protesters packed Foley Square, standing behind police barricades in front of the courthouse buildings. Some wore union T-shirts, others were in business attire, and many left work early to be there.
People in the crowd were carrying red-white-and-blue signs bearing a giant star-graced A — representing the motto “Rebuild America.” Other signs bore slogans including “Tax Wall Street” and “Make Jobs Not Cuts.”
For amusement, Glenn Greenwald shreds CNN’s newest anchor, Wall St. apologist, Erin Burnett and her condescending scorn for Occupy Wall Street. Burnett is another reason not to watch CNN.
Before anything else, I would like to apologize for the mess outside your office. It’s been three weeks since all those hippies and punk-rockers and students and union members and working mothers and single fathers and airline pilots and teachers and retail workers and military service members and foreclosure victims decided to camp out on your turf, and I’m sure it has been quite an inconvenience for you. How is a person supposed to spend their massive, virtually untaxed bonus money on a double latte and an eight-ball with all that rabble clogging the sidewalks, right?
Your friends at JP Morgan Chase just donated $4.6 million to the New York City Police Foundation, the largest donation ever given to the NYPD. You’d think that much cheese would buy a little crowd control, but no. Sure, one of the “white shirt” commanding NYPD officers on the scene hosed down some defenseless women with pepper spray the other day, and a few other protesters have been roughed up here and there, and having any kind of recording device has proven to be grounds for immediate arrest, but seriously…for $4.6 million, you’d think the cops would oblige you by bulldozing these troublemakers right into the Hudson River. Better yet, pave them over with yellow bricks, so you can walk over them every day on your way in to work.
An important excerpt from Dr. Madrick’s interview from Kevin Gosztola at FDL, who has been diligently following OWS from day one:
Olbermann asked if there is anything wrong with a movement not sitting there ready with a set of demands. Madrick responded:
“There’s a kind of beautiful democracy in all this. And it’s very noticeable. There are people called facilitators. Everybody’s very kind to each other. There’s not a hierarchy and yet there’s an efficient system. Let’s do the teach-in over here. They shout out. There are these shout outs, this echo chamber you’ve talked about. Let’s determine who is going to speak in what order for the General Assembly, as they call it. But there are people with a variety of their own agendas, a variety of their interests. I think in time an agenda will evolve for some of these people. I think there will be splinter groups that follow one piece of the agenda and another piece of the agenda. So, frankly, I think at some point there should be an agenda but I must say I was taken by the kind of beauty of the lack of hierarchy and yet the efficiency and the caring.”
In the Joint Economic Committee hearing this morning, Sen. Bernie Sanders (I-VT) questioned Federal Reserve Chairman Ben Bernanke on the wealth gap and unemployment, asking him about Occupy Wall Street.
Senator Sanders: Mr. Chairman, as you know, there are people demonstrating against Wall Street in New York city and other cities around the country and I think the perception on the part of these demonstrators and millions of other Americans is that as a result of the greed, the recklessness and the illegal behavior on Wall Street we were plunged into this horrendous recession we’re currently in. Do you agree with that assessment? Did Wall Street ‘s greed and recklessness cause this recession that led to so many people losing their jobs?
Ben Bernanke: It had a… excessive risk taking on Wall Street had a lot to do with it and so did some failures on the part of regulators.
Senator Sanders: Do you believe that we have made any significant progress since the collapse of Wall Street to suggest that we will not either in the short term or in the longer term once again see a collapse on Wall Street and the necessity of a bail out?
Ben Bernanke: Senator, yes, we are making substantial progress although I would point out that many of the rules, implementing, as you pointed out yourself, many of the rules implementing Dodd-Frank are not yet enforced or fully implemented but I believe that as this process goes forward that we will have made a very substantial improvement, yes.
Senator Sanders: Well I would respectfully disagree.
[ … ]
Rep. (Dr.) Burgess: You see protests both on the right and the left. Right now the protests that are getting the headlines are on the left in New York. What is that protest saying to you? What are you hearing from that activity in New York right now?
Ben Bernanke: Well I would just say very generally I think people are unhappy with the state of the economy and what’s happening. They blame with some justification the problems in the financial sector for getting us into this mess and they are dissatisfied with the policy response here in Washington and at some level I can’t blame them. Certainly nine percent unemployment and very slow growth is not a good situation. That’s what they are protesting.
Rep. (Dr.) Burgess: And are you incorporating that into the remedies that you are proposing?
Ben Bernanke: I’m taking into account the growth rate and the unemployment rate as well as the inflation rate. I’m not taking the protests into account specifically but I certainly, like everyone else, am dissatisfied with what the economy is doing right now.
[ Transcript by joanneleon. Any transcript errors are mine.]
