Occupy Wall Street Public date: 10.08.2017 19:47:16

Publisher: Salon.com

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12 Nov 2011

Why income inequality suddenly matters

A few weeks ago, as the Occupy Wall Street protests were first spreading, something amazing happened: For 10 whole seconds, the local reporter on my TV screen actually talked about the realities of the recession. He even uttered the phrase "economic inequality."
A few weeks ago, as the Occupy Wall Street protests were first spreading, something amazing happened: For 10 whole...

Publisher: thinkprogress.org

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11 Nov 2011

Big news We won. You won – Tar Sands Action

A few minutes ago the president sent the pipeline back to the State Department for a thorough re-review, which most analysts are saying will effectively kill the project. The president explicitly noted climate change, along with the pipeline route, as one of the factors that a new review would need to assess. There s no way, with an honest review, that a pipeline that helps speed the tapping of the world s second-largest pool of carbon can pass environmental muster.
A few minutes ago the president sent the pipeline back to the State Department for a thorough re-review, which most...

Publisher: ThinkProgress

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11 Nov 2011

Debunking The Right-Wing Meme That The Obama Administration Is Anti-Business

From GOP presidential contender Mitt Romney and Tea Party Sen. Jim DeMint (R-SC) to Sean Hannity and Bill O Reilly, a general consensus has emerged that the Obama administration is "anti-business." Yet any actual evidence of an effect from this putative bias has failed to materialize.
From GOP presidential contender Mitt Romney and Tea Party Sen. Jim DeMint (R-SC) to Sean Hannity and Bill O Reilly, a...
11 Nov 2011

How I Stopped Worrying and Learned to Love the OWS Protests

The relentless sameness of the two-party political system is beginning to feel like a Jacob's Ladder nightmare with no end; we're entering another turn on the four-year merry-go-round, and the thought of having to try to get excited about yet another minor quadrennial shift in the direction of one or the other pole of alienating corporate full-of-shitness is enough to make anyone want to smash his own hand flat with a hammer.
The relentless sameness of the two-party political system is beginning to feel like a Jacob's Ladder nightmare with no...

Publisher: Salon.com

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10 Nov 2011

The moral crisis of modern capitalism – New Deal 2.0 –

In a column written just a few years before his death, Buckley condemned what he called the institutional embarrassments of capitalism, CEOs whose enormous compensation packages defy the gravitational pull of poor stock performance. Buckley was no egalitarian, and he drew a contrast between the "executive plunder" reaped by certain CEOs and the allowances that may be made for the likes of a Thomas Edison. Were such a person alive today, he said, "it would be unwise to cavil at any arrangement whatever made by a company seeking his services exclusively."
In a column written just a few years before his death, Buckley condemned what he called the institutional embarrassments...

Publisher: reddit.com

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10 Nov 2011

The US healthcare system sucks…

I'm having a hard time right now seeing how the healthcare system in this country isn't just an enormous money-making scheme. I pay $89 per paycheck for insurance that covers just me. My company covers 50%, so they also pay $89 per paycheck. I get paid every 2 weeks, so that means I'm personally paying $2,314 out of my pocket every year. I've been covered at this job for six years, so I estimate that I've paid over $13,000 in premiums.
I'm having a hard time right now seeing how the healthcare system in this country isn't just an enormous money-making...

Publisher: ProPublica

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9 Nov 2011

FEC Gridlock On Campaign Finance Issues Essentially Gives ‘De Facto Green Light’

As the presidential campaign swings into high gear, rivers of cash are flowing in to support the candidates, and experts are predicting billions will be raised by next fall. The likely record-breaking donations are thanks in large part to new groups that are taking in unlimited dollars and exploring the outer limits of campaign finance law.
As the presidential campaign swings into high gear, rivers of cash are flowing in to support the candidates, and experts...

Publisher: qctimes.com

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2 Nov 2011

Harkin among leaders of financial transaction tax plan

U.S. Sen. Tom Harkin, D-Iowa, is one of the leaders of a plan to impose a financial transaction tax on the trading of stocks, bonds and derivatives. Harkin and Rep. Peter DeFazio, D-Ore., introduced the plan Wednesday, a scaled-back version of a previous proposal that failed in the face of criticism from the financial industry and the Treasury Department.
U.S. Sen. Tom Harkin, D-Iowa, is one of the leaders of a plan to impose a financial transaction tax on the trading of...

Publisher: Salon.com

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2 Nov 2011

How the rich created the Social Security crisis

George W. Bush 8 month's after his election passed a sweeping tax cuts to a group he called "The haves and the have-mores" or his base .  Given current hysteria over what a recent Washington Post article called the runaway national debt, it requires an act of historical memory to recall that the Bush administration rationalized reducing taxes on inherited wealth because paying down the debt too soon might roil financial markets.
George W. Bush 8 month's after his election passed a sweeping tax cuts to a group he called "The haves and the...

Publisher: The Nation

Author:

2 Nov 2011

How Wall Street Occupied America

During the prairie revolt that swept the Great Plains in 1890, populist orator Mary Elizabeth Lease exclaimed, "Wall Street owns the country... Money rule... Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us."
During the prairie revolt that swept the Great Plains in 1890, populist orator Mary Elizabeth Lease exclaimed, "Wall...

Publisher: leftfootforward.org

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2 Nov 2011

On the Financial Transaction Tax, why is Osborne on the side of the one per cent?

With each passing day, more and more big names come out in favour of the Financial Transaction Tax, a tiny tax on financial transactions which could generate billions to fight poverty. Today the Archbishop of Canterbury joined the ranks of the 99 per cent; tomorrow Bill Gates is expected to tell the G20 why it should be adopted...
With each passing day, more and more big names come out in favour of the Financial Transaction Tax, a tiny tax on...

Publisher: afj.org

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1 Nov 2011

A Question of Integrity

In order for the American judicial system to function effectively within our democratic system, judges must be perceived as impartial, independent arbiters, guided by legal precepts rather than partisan or personal motives, and unencumbered by conflicts of interest. As the Code of Conduct for United States Judges explains, "An independent and honorable judiciary is indispensible to justice in our society."
In order for the American judicial system to function effectively within our democratic system, judges must be perceived...

Publisher: Daily Kos

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1 Nov 2011

Blistering indictment of U.S. healthcare system from Dr. Oz explains why we must fight and #ows

Because we live in a country where healthcare is rationed by the ability to pay, and for-profit health insurers buy access to lawmakers who vote to maintain the awful status quo. The rich live, the poor and middle class die, or delay much needed care, simply because of cost and because healthcare in the United States remains a privilege not a right.
Because we live in a country where healthcare is rationed by the ability to pay, and for-profit health insurers buy...
1 Nov 2011

Noam Chomsky Speaks to Occupy: If We Want a Chance at a Decent Future, the Movement Here and Around the World Must Grow

In a speech to Occupy Boston, the linguist and icon hailed the "unprecedented" first weeks of OWS. He cautioned protesters to build and educate first, strike later.
In a speech to Occupy Boston, the linguist and icon hailed the "unprecedented" first weeks of OWS. He cautioned...

Publisher: huffingtonpost.com

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1 Nov 2011

Obama, the G20, and the 99 Percent

On Thursday, President Obama will meet with leaders of the other G20 countries. On the table will be a proposal to introduce a Financial Transactions Tax (FTT). French President Sarkozy and German Chancellor Merkel will support the proposal. If President Obama is true to his recent words sympathizing with Occupy Wall Street, he will join Sarkozy and Merkel in supporting the FTT
On Thursday, President Obama will meet with leaders of the other G20 countries. On the table will be a proposal to...
1 Nov 2011

Spotlight G20: Why We Need a Financial Transaction Tax

One of the key policy issues to be tackled at the Cannes Summit is the introduction of a global financial transaction tax (FTT). The Interim Report of the G20 on Fair and Substantial Contribution by the Financial Sector (2010) had proposed a flat rate levy on all financial institutions and "financial activities tax" on profits and remuneration in order to pay for future financial clean-ups and reduce systemic risk. But the proposal got diluted at the G20 meeting held at Busan in June 2010, which called for implementation of the levy taking into account an individual country s circumstances and options.
One of the key policy issues to be tackled at the Cannes Summit is the introduction of a global financial transaction...
1 Nov 2011

Times favor talent-driven economy

Criticism of capitalism has increased in recent months. Protest movements, such as Occupy Wall Street, are outraged at the excesses of bankers who, according to the protesters, bear the main responsibility for the current economic crisis - but apparently are not being held responsible. A growing number of voices from different parts of society are now showing solidarity with the anti-capitalism activities and reflecting the widespread frustration felt by citizens.
Criticism of capitalism has increased in recent months. Protest movements, such as Occupy Wall Street, are outraged at...

Publisher: Soulseeds

Author:

31 Oct 2011

Reform or Transform

The answer is not more or less subsidized health care costs. What is needed is a complete overhaul of the health care system that has become a business for some rather than a service for all. The answer is not more or less federal loans for education, but a complete overhaul of the education system that is run more like a factory than an incubator for human potential. And so on I could go through all the issues
The answer is not more or less subsidized health care costs. What is needed is a complete overhaul of the health care...
31 Oct 2011

The Worst Deal They Could Cut

This banking deal that I have been writing about for the last week was the subject of a great piece by Gretchen Morgenson in the New York Times, and as more details emerge, it looks even worse than a lot of us who have been following this issue thought it would be. We already knew that the $25 billion fund being created would only cover 5 percent of the underwater mortgage foreclosure problem, but Morgenson reports that most of the $25 billion isn't from the banks themselves, but from taxpayers.
This banking deal that I have been writing about for the last week was the subject of a great piece by Gretchen...

Publisher: NYTimes.com

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29 Oct 2011

A Foreclosure Settlement That Wouldn’t Sting

AFTER months of back and forth, a deal that is supposed to punish large financial institutions for foreclosure misconduct may be nigh. Cutting to the chase: if you thought this was the deal that would hold banks accountable for filing phony documents in courts, foreclosing without showing they had the legal right to do so and generally running roughshod over anyone who opposed them, you are likely to be disappointed.
AFTER months of back and forth, a deal that is supposed to punish large financial institutions for foreclosure...

Publisher: Democracy Now!

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29 Oct 2011

Glenn Greenwald on #OccupyWallStreet, Banks Too Big to Jail and the Attack on WikiLeaks

Glenn Greenwald the prominent political blogger argues that OCuupy Wall Street is saying that we believe the system itself is radically corrupted, and we no longer are willing to tolerate it. And that's infinitely more important than specific legislative or political demands.
Glenn Greenwald the prominent political blogger argues that OCuupy Wall Street is saying that we believe the system...

Publisher: Daily Kos

Author:

29 Oct 2011

Obama discusses income inequality, obstructing GOP and jobs in weekly address

Now, in this country, we don't begrudge anyone wealth or success-we encourage it. We celebrate it. But America is better off when everyone has had the chance to get ahead-not just those at the top of the income scale. The more Americans who prosper, the more America prospers.
Now, in this country, we don't begrudge anyone wealth or success-we encourage it. We celebrate it. But America is better...
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28 Oct 2011

The Occupiers and the State

When it comes to the rights of the protesters vs. the police, we have to side with the protesters. Some of the particulars were different in his time, but we should remember that Murray Rothbard argued that the occupiers of People s Park in Berkeley were in the right and the police who beat, gassed, arrested and injured them entirely in the wrong.
When it comes to the rights of the protesters vs. the police, we have to side with the protesters. Some of the...

Publisher: Al Jazeera English

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27 Oct 2011

Immunity and impunity in elite America

After all, one of their principal grievances against the British king was his power to exempt his cronies from legal obligations. Almost every founder repeatedly warned that a failure to apply the law equally to the politically powerful and the rich would ensure a warped and unjust society. In many ways, that was their definition of tyranny.
After all, one of their principal grievances against the British king was his power to exempt his cronies from legal...

Publisher: huffingtonpost.com

Author:

27 Oct 2011

Occupy Wall Street Not Here To Destroy Capitalism, But To Remind Us Who Saved It

Nicholas Kristof of Ney York Times says, "while alarmists seem to think that the movement is a 'mob' trying to overthrow capitalism, one can make a case that, on the contrary, it highlights the need to restore basic capitalist principles like accountability."
Nicholas Kristof of Ney York Times says, "while alarmists seem to think that the movement is a 'mob' trying to overthrow...

Publisher: marxist.com

Author:

27 Oct 2011

Trotsky’s “Their Morals and Ours”

The issue of "morality" and "morals" is often used by critics of the Russian Revolution and supporters of capitalism to smear the historical significance of the Bolsheviks and tar the idea of socialism altogether. Leon Trotsky answered these critics in his pamphlet "Their Morals and Ours", written in 1938. In this article, we look at Trotsky s pamphlet and his analysis of "morality".
The issue of "morality" and "morals" is often used by critics of the Russian Revolution and supporters of capitalism to...

Publisher: The Washington Post

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26 Oct 2011

Former Goldman Director Gupta Surrenders to FBI in New York

Rajat Gupta, the former Goldman Sachs Group Inc. director once accused of feeding inside information to Galleon Group LLC hedge fund manager Raj Rajaratnam, surrendered to federal authorities, making him the highest-ranking executive to be arrested in the probe.
Rajat Gupta, the former Goldman Sachs Group Inc. director once accused of feeding inside information to Galleon Group...
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Publisher: Truthdig

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25 Oct 2011

Money Wars: Goldman Sachs vs. OWS

In this clip from Tuesday's "Democracy Now!" we hear the story of Goldman Sachs' recent move to back out of a fundraiser for the Lower East Side People's Federal Credit Union after the financial giant caught wind that the event would pay tribute to the Occupy Wall Street movement.
In this clip from Tuesday's "Democracy Now!" we hear the story of Goldman Sachs' recent move to back out of a fundraiser...
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25 Oct 2011

Wall Street Isn’t Winning It’s Cheating

I was at an event on the Upper East Side last Friday night when I got to talking with a salesman in the media business. The subject turned to Zuccotti Park and Occupy Wall Street, and he was chuckling about something he'd heard on the news.
I was at an event on the Upper East Side last Friday night when I got to talking with a salesman in the media business....

Publisher: gallup.com

Author:

24 Oct 2011

Only 5% of small business owbers cited health care law as their biggest problem

Small-business owners in the United States are most likely to say complying with government regulations (22%) is the most important problem facing them today, followed by consumer confidence in the economy (15%) and lack of consumer demand (12%).
Small-business owners in the United States are most likely to say complying with government regulations (22%) is the...

Publisher: Truth Out

Author:

22 Oct 2011

Free Speech: We Have a First Amendment Right to Protest – So Why All These Arrests Around Occupy Wall Street?

The First Amendment s guarantees are not, however, absolute. The government is able to determine the appropriate time, place and manner for citizens to speak their mind, as long as those restrictions are based on maintaining public order and aren t designed to prevent a particular message from getting out - any and all restrictions must be "content-neutral."
The First Amendment s guarantees are not, however, absolute. The government is able to determine the appropriate time,...
21 Oct 2011

Cookie Monster Offers Best Explanation Yet for Occupy Wall Street

Yes, there always going to be rich and poor. But we used to live in country where rich owned factory and make 30 times what factory worker make. Now we live in country where rich make money by lying about value of derivative bonds and make 3000 times what factory worker would make if factories hadn't all moved to China.
Yes, there always going to be rich and poor. But we used to live in country where rich owned factory and make 30 times...

Publisher: ThinkProgress

Author:

21 Oct 2011

Occupy Wall Street Movement Energizes Climate Protesters, But Also Highlights Contradictions

'Occupy' protests in cities around the country are increasingly featuring environmental themes, particularly climate change. Protesters contend that inaction on climate change only benefits the top 1%, while hurting the other 99%.
'Occupy' protests in cities around the country are increasingly featuring environmental themes, particularly climate...

Publisher: opensecrets.org

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20 Oct 2011

Donor Demographics

Only a tiny fraction of Americans actually give campaign contributions to political candidates, parties or PACs. The ones who give contributions large enough to be itemized (over $200) is even smaller. The impact of those donations, however, is huge.
Only a tiny fraction of Americans actually give campaign contributions to political candidates, parties or PACs. The...

Publisher: alternet.org

Author:

20 Oct 2011

Four Things Occupy Wall Street Should Know About the Federal Reserve

The Federal Reserve is ripe for critique. In fact, the Federal Reserve is a system in desperate need of reform. Occupy Wall Street seems perfectly positioned to apply the pressure needed to mend this hugely important, but little understood institution. Unfortunately, the movement is home to a more reactionary strain of monetary policy analysis too.
The Federal Reserve is ripe for critique. In fact, the Federal Reserve is a system in desperate need of reform. Occupy...

Publisher: Daily Kos

Author:

20 Oct 2011

What the 99 percent are whining about

While a mortgage CEO received a 40-month sentence for stealing $3,000,000,000, a homeless man who turned himself in received 15 years for stealing $100.
While a mortgage CEO received a 40-month sentence for stealing $3,000,000,000, a homeless man who turned himself in...
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Publisher: The Raw Story

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19 Oct 2011

Former financial regulator notes four themes of ‘Occupy’ protests

William Black a former financial regulators says that Occupy Wall Street demonstrators have some pretty consistent themes developing - And those themes include: we have to deal with the systemically dangerous institutions, the 20 biggest banks that the administration is saying are ticking time bombs, that as soon as one of them fails, we go back into a global crisis. Well, we should fix that. Right?
William Black a former financial regulators says that Occupy Wall Street demonstrators have some pretty consistent...

Publisher: amnestyusa.org

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19 Oct 2011

Occupy Wall Street: If Banks Are Too Big to Fail, Are People Too Small to Matter?

The people occupying Wall Street are taking to the streets because government is behaving as though it is unaccountable. The average household income for the bottom 90% of Americans is $31,244. Yet every member of Congress is in the top 10% income category. Nearly half are millionaires; in the Senate, more than two-thirds are. These wealthy members of Congress are making decisions that directly impact the accountability and bottom line of publicly listed companies. Corporate executives and government officials are cosy bedfellows.
The people occupying Wall Street are taking to the streets because government is behaving as though it is unaccountable....

Publisher: NYTimes.com

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16 Oct 2011

Occupy Wall Street Trying to Settle on Demands

Although Occupy Seattle has a running tally of votes on its Web site - 395 votes to "nationalize the Federal Reserve," 138 for "universal education" and 245 to "end corporate personhood," for example - Mike Hines, a member of the group, said the list would soon be removed because the provisions had not been clearly explained and because some people were not capable of voting online.
Although Occupy Seattle has a running tally of votes on its Web site - 395 votes to "nationalize the Federal...
16 Oct 2011

The Rise of the Regressive Right and the Reawakening of America

A fundamental war has been waged in this nation since its founding, between progressive forces pushing us forward and regressive forces pulling us backward. We are going to battle once again.
A fundamental war has been waged in this nation since its founding, between progressive forces pushing us forward and...

Publisher: NYTimes.com

Author:

16 Oct 2011

Wall Street Loses Its Immunity

On Saturday The Times reported what people in the financial industry are saying privately about the protests. My favorite quote came from an unnamed money manager who declared, "Financial services are one of the last things we do in this country and do it well. Let s embrace it." This is deeply unfair to American workers, who are good at lots of things, and could be even better if we made adequate investments in education and infrastructure. But to the extent that America has lagged in everything except financial services, shouldn t the question be why, and whether it s a trend we want to continue?
On Saturday The Times reported what people in the financial industry are saying privately about the protests. My...

Publisher: Political Correction

Author:

14 Oct 2011

Private Wall Street Companies Caused The Financial Crisis – Not Fannie Mae, Freddie Mac Or The Community Reinvestment Act

The Occupy Wall Street protests have called new attention to the root causes of the financial crisis, and led Republicans to reiterate their claim that government-backed lenders Fannie Mae and Freddie Mac were the primary villains. The facts about the subprime mortgage market prove that claim false: Private firms dominated the subprime market boom of 2004-06, and were not even subject to the 1977 Community Reinvestment Act some Republicans vilify.
The Occupy Wall Street protests have called new attention to the root causes of the financial crisis, and led...

Publisher: The Nation

Author:

13 Oct 2011

RIP, American Jobs Act

President Obama s jobs bill, as written, died a predictable death in the Senate last night. Democrats were able to muster fifty-one votes for passage, but that s well short of the sixty needed to overcome a Republican filibuster.
President Obama s jobs bill, as written, died a predictable death in the Senate last night. Democrats were able to...
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Publisher: The Nation

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12 Oct 2011

Obama Is Wrong, Wrong, Wrong About Free Trade

President Obama is preparing to mangle his jobs message signing free-trade agreements that are opposed by unions, by Democrats and by the 99 Percenters who recognize that the Bush-Clinton-Bush-Obama approach to trade policy has harmed the interests of working people in the United States and abroad.
President Obama is preparing to mangle his jobs message signing free-trade agreements that are opposed by unions, by...

Publisher: YouTube

Author:

12 Oct 2011

The President’s Great Advisor

Bernie Sanders voices his opposition to the trade agreement beween US, Korea and China. He says that Korea uses North Korea and slave labor to make products. We are killing jobs here and empowering Korea and China to use slave labor
Bernie Sanders voices his opposition to the trade agreement beween US, Korea and China. He says that Korea uses North...

Publisher: The Washington Post

Author:

11 Oct 2011

Companies use fuzzy math in job claims; candidates still buy in

Oil companies and a wide array of businesses are saying they can help solve the country's unemployment crisis if only the government would roll back some regulations, approve their big mergers or lower their taxes. Yet the industry often touts debatable jobs numbers. Mergers between big companies, for instance, tend to result in layoffs rather than new positions overall. And a closer look shows that API's ads exaggerate the effect that looser drilling policies would have on employment; more than half of its projected job growth would come between 2015 and 2030.
Oil companies and a wide array of businesses are saying they can help solve the country's unemployment crisis if only...
11 Oct 2011

Obama and the corruption of the big oil

Along with the Wall-Street-focused economic grievances of the new movement, there are other things "too large to fail" in this country which threaten to bring us all down. If they, too, get swept into this movement, it may truly prove a moment to reckon with. After all, our wars, including the now decade-old one in Afghanistan and the drone-fed global war on terror (as well as the military-industrial-homeland-security profiteers who accompany them) have proven a quagmire of corruption and failure, as well as a drain on the national treasury.
Along with the Wall-Street-focused economic grievances of the new movement, there are other things "too large to fail"...

Publisher: ScienceDirect

Author:

7 Oct 2011

Public schools and income inequality

"As the children of the rich do better in school, and those who do better in school are more likely to become rich, we risk producing an even more unequal and economically polarized society."
"As the children of the rich do better in school, and those who do better in school are more likely to become rich, we...

Publisher: democracynow.org

Author:

6 Oct 2011

Naomi Klein: Keystone XL Oil Pipeline Controversy Shows How Wall Street Is Occupying U.S. Gov’t

Naomi Klien points out that the people, the occupy wall street protesters are realizing that the change is not coming in Washington because politicians are so controlled by corporate interests, and that is the fundamental crisis in this country. And that's what's so profound about this.
Naomi Klien points out that the people, the occupy wall street protesters are realizing that the change is not coming in...

Publisher: ABC News

Author:

6 Oct 2011

Wall Street Corruption, Solyndra, and Fast and Furious

TAPPER: Thank you, Mr. President. Just to follow up on Jackie s question, one of the reasons why so many of the people at the Occupy Wall Street protests are so angry is because, as you say, so many people on Wall Street did not follow the rules.
TAPPER: Thank you, Mr. President. Just to follow up on Jackie s question, one of the reasons why so many of the people...

Publisher: NationofChange

Author:

5 Oct 2011

Can the #Occupy Movement Be a Turning Point

Presley Obasohan is fighting foreclosure on his home by Bank of America. Mr. Obasohan lives in Dorchester, Mass.- the most diverse neighborhood in Boston - where building values have sunk to half or less of mortgage loan debt. Presley is trying to save his home for his daughters. He has petitioned; he has pled. He has waited on hold and stood in line. But on Friday, Presely decided enough was enough and he joined the Right to the City Alliance in a mass action of civil disobedience.
Presley Obasohan is fighting foreclosure on his home by Bank of America. Mr. Obasohan lives in Dorchester, Mass.- the...

Publisher: NationofChange

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28 Sep 2011

Goldman Sachs and Occupy Wall Street’s Bank: The Real Story

Mega-bank Goldman Sachs (assets $933bn), has declared war on one of the smallest banks in New York (assets $30m), the customer-owned community bank that happens to also be the banker for Friends of Liberty Plaza, Inc, also known as Occupy Wall Street. And you thought Goldman didn't care.
Mega-bank Goldman Sachs (assets $933bn), has declared war on one of the smallest banks in New York (assets $30m), the...

Publisher: Reuters

Author:

22 Aug 2011

USA becomes Food Stamp Nation but is it sustainable

Saucedo, who earns $9.70 an hour for about 26 hours a week and lives with her mother, is one of the many Americans who survive because of government handouts in what has rapidly become a food stamp nation. Altogether, there are now almost 46 million people in the United States on food stamps, roughly 15 percent of the population. That's an increase of 74 percent since 2007, just before the financial crisis and a deep recession led to mass job losses.
Saucedo, who earns $9.70 an hour for about 26 hours a week and lives with her mother, is one of the many Americans who...

Publisher: YouTube

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14 Jul 2011

A Thousend Cuts

A THOUSAND CUTS is a timelapse video of the event. The soundtrack was inspired by an excerpt from Senator Bernie Sanders 8 hour filibuster on the U.S. Senate floor against the extension of the Bush tax cuts and the effects on the middle class. It is orchestrated to music by composer/violinist Michael Galasso.
A THOUSAND CUTS is a timelapse video of the event. The soundtrack was inspired by an excerpt from Senator Bernie Sanders...
1 May 2011

Of the 1%, by the 1%, for the 1%

Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation s income an inequality even the wealthy will come to regret.
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an...

Publisher: Vimeo

Author:

30 Apr 2011

Plutocracy and Democracy Don’t Mix

Plutocracy is not an American word but it's become an American phenomenon. Back in the fall of 2005, the Wall Street giant Citigroup even coined a variation on it, plutonomy, an economic system where the privileged few make sure the rich get richer with government on their side. By the next spring, Citigroup decided the time had come to publicly "bang the drum on plutonomy." And bang they did, with an "equity strategy" for their investors, entitled, "Revisiting Plutonomy: The Rich Getting Richer." Here are some excerpts:
Plutocracy is not an American word but it's become an American phenomenon. Back in the fall of 2005, the Wall Street...

Publisher: Mother Jones

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4 Feb 2011

Why Screwing Unions Screws the Entire Middle Class

Income inequality has grown dramatically since the mid-'70s-far more in the US than in most advanced countries-and the gap is only partly related to college grads outperforming high-school grads. Rather, the bulk of our growing inequality has been a product of skyrocketing incomes among the richest 1 percent and-even more dramatically-among the top 0.1 percent. It has, in other words, been CEOs and Wall Street traders at the very tippy-top who are hoovering up vast sums of money from everyone, even those who by ordinary standards are pretty well off.
Income inequality has grown dramatically since the mid-'70s-far more in the US than in most advanced countries-and the...

Publisher: Asia Times

Author:

26 Jan 2011

What’s fueling oil, food prices?

During German hyperinflation early in the last century, the German central bank claimed that there was a shortage of money, while blaming inflation on consumer demand, speculation, and manipulation by profiteers. All nonsense, of course, but present and future oil and commodity price inflation is and will be explained in like fashion. - Hossein Askari and Noureddine Krichene
During German hyperinflation early in the last century, the German central bank claimed that there was a shortage of...

Publisher: storyofstuff.com

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13 Dec 2010

The Story of Stuff

The Story of Stuff Project was created by Annie Leonard to leverage and extend the film s impact. We amplify public discourse on a series of environmental, social and economic concerns and facilitate the growing Story of Stuff community s involvement in strategic efforts to build a more sustainable and just world. Our on-line community includes over 150,000 activists and we partner with hundreds of environmental and social justice organizations worldwide to create and distribute our films, curricula and other content.
The Story of Stuff Project was created by Annie Leonard to leverage and extend the film s impact. We amplify public...

Publisher: Daily Kos

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28 Nov 2010

Economic analysis brought to you by Wall Street

When you see a Wall Street economist offering analysis on cable news or the op-ed pages, you figure you know where they're coming from -- whatever will profit Wall Street. When you see an economist identified as being from Harvard, Yale, Princeton, or Stanford, do you assume that it's a different story?
When you see a Wall Street economist offering analysis on cable news or the op-ed pages, you figure you know where...

Publisher: NYTimes

Author:

28 Nov 2010

Still the Best Congress Money Can Buy

As John Cassidy underscored in a definitive article titled Who Needs Wall Street? in The New Yorker last week, the financial sector has paid little for bringing the world to near-collapse or for receiving the taxpayers bailout that was denied to most small-enough-to-fail Americans. The sector still rakes in more than a fourth of American business profits, up from a seventh 25 years ago. And what is its contribution to America in exchange for this quarter-century of ever-more over-the-top rewards? During a period in which American companies have created iPhones, Home Depot and Lipitor, Cassidy writes, the industry reaping the highest profits and compensation is one that doesn t design, build or sell a tangible thing.
As John Cassidy underscored in a definitive article titled Who Needs Wall Street? in The New Yorker last week, the...

Publisher: NYTimes

Author:

28 Nov 2010

The Power of Failure

Despite the very dire consequences of the latest financial crisis that Wall Street perpetrated on the world, America cannot seem to shake its infatuation with Wall Street bankers and traders. We continue to shower them with riches, prestige and glory. We make movies about them. We write books about them. We seriously overpay and then envy them. This year alone, while millions of others suffer from the Great Recession, bankers and traders are expected to be paid - incredibly - another estimated $144 billion in compensation and benefits. Accordingly, Wall Street remains the No. 1 destination for our best and brightest.
Despite the very dire consequences of the latest financial crisis that Wall Street perpetrated on the world, America...
23 Nov 2010

Time’s Article on Teacher Pensions Misses the Fact Check Process

Second, pensions serve as a powerful recruitment and retention tool. For all public sector employers, pensions retention effect is significant, because public service offers lower salaries and cannot provide private sector incentives like stock options. Yet, the retention effect of pensions may be even more important in our public schools, since retaining well-qualified teachers is always an important public policy goal. Employees with pensions report higher levels of commitment, and this result is strongest for younger workers.
Second, pensions serve as a powerful recruitment and retention tool. For all public sector employers, pensions retention...

Publisher: foreignpolicymag

Author:

18 Nov 2010

Soros – China has better functioning government than U.S.

Mr. Soros even went so far as to say that at times China wields more power than the U.S. because of the political gridlock in Washington. "Today China has not only a more vigorous economy, but actually a better functioning government than the United States," he said, a hard statement for him to make because he spent much of his life donating to anti-communist groups in Eastern Europe.
Mr. Soros even went so far as to say that at times China wields more power than the U.S. because of the political...

Publisher:

Author:

25 Oct 2010

TARP – A success none dare mention

The Troubled Asset Relief Program is widely viewed as the original sin of the Obama administration - though it was put together under President George W. Bush and succeeded far beyond expectations. It s widely seen as the tipping point for disgust with elites and insiders of all kinds - though it could also be seen as those insiders finest moment, a successful attempt to at least partially fix their own mistakes.
The Troubled Asset Relief Program is widely viewed as the original sin of the Obama administration - though it was put...

Publisher: firedoglake.com

Author:

27 Apr 2010

A List of Goldman Sachs People in the Obama Government: Names Attached to the Giant Squid’s Tentacles

At a time when Congressional hearings are set to call testimony from some Goldman Sachs employees, it is vital to understand how widespread that institution s ties are to the Obama administration. This diary shows the pervasive influence of Goldman Sachs and Goldman created institutions (like the Hamilton Project embedded in the Brookings Institution), employees and influence peddlers in the Obama administration.
At a time when Congressional hearings are set to call testimony from some Goldman Sachs employees, it is vital to...

Publisher: NYTimes

Author:

10 Jan 2010

The Other Plot to Wreck America

THERE may not be a person in America without a strong opinion about what coulda, shoulda been done to prevent the underwear bomber from boarding that Christmas flight to Detroit. In the years since 9/11, we ve all become counterterrorists. But in the 16 months since that other calamity in downtown New York - the crash precipitated by the 9/15 failure of Lehman Brothers - most of us are still ignorant about what Warren Buffett called the "financial weapons of mass destruction" that wrecked our economy. Fluent as we are in Al Qaeda and body scanners, when it comes to synthetic C.D.O.'s and credit-default swaps, not so much.
THERE may not be a person in America without a strong opinion about what coulda, shoulda been done to prevent the...

Publisher: Crooks and Liars

Author:

22 Oct 2009

‘Too Big to Fail’

From Charlie Rose on PBS, Andrew Ross Sorkin discusses his new book Too Big to Fail. I highly recommend watching the entire interview if you've got an hour to spare. Wall Street has not learned their lessons even after as Sorkin puts it "they saw the world was about to fall off of its axis".
From Charlie Rose on PBS, Andrew Ross Sorkin discusses his new book Too Big to Fail. I highly recommend watching the...
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Publisher: Bob Herbert

Author:

12 Oct 2009

Behind the Laughter

Even as teachers by the tens of thousands are walking the plank to unemployment, we re learning, as The Times reported last week, that one in every 10 young male dropouts is locked up in jail or juvenile detention. As if that weren t gruesome enough, we find that the figure for blacks is one in four. What would it take to get the perpetual crisis facing these young people onto the radar screens of the rest of America?
Even as teachers by the tens of thousands are walking the plank to unemployment, we re learning, as The Times reported...

Publisher: NYTimes

Author:

9 Oct 2009

The Uneducated American

If you had to explain America s economic success with one word, that word would be education. In the 19th century, America led the way in universal basic education. Then, as other nations followed suit, the high school revolution of the early 20th century took us to a whole new level. And in the years after World War II, America established a commanding position in higher education.
If you had to explain America s economic success with one word, that word would be education. In the 19th century,...

Publisher: NYTimes

Author:

4 Oct 2009

The Rabbit Ragu Democrats

IN the annals of American excess, there often arrives a moment when those with too much money, too much clout and too much hubris just can t stop themselves from tempting the fates. They throw an over-the-top party in public, or parade their wealth and power before the press, and the next thing you know their world, and sometimes ours, has crashed.
IN the annals of American excess, there often arrives a moment when those with too much money, too much clout and too...

Publisher: NYTimes

Author:

28 Sep 2009

Peering at the Future

Visiting classrooms is like peering into the nation s future. Right now the view is somewhat frightening. American kids drop out of high school at an average of one every 26 seconds. Only about a third of those who graduate are prepared to move on to a four-year college. And in the savage economic downturn that has gripped the U.S. for the better part of the past two years, retrenchment in public schools and colleges is widespread.
Visiting classrooms is like peering into the nation s future. Right now the view is somewhat frightening. American kids...

Publisher: The Daily Bail

Author:

24 Jul 2009

Eliot Spitzer: The Federal Reserve Is A Ponzi Scheme

The Federal Reserve just extended $14 Trillion of our money, our children's money, America's future...and now they don't want to talk about what's in the bag. And they did it because the banks created a garbage bag full of bad debts
The Federal Reserve just extended $14 Trillion of our money, our children's money, America's future...and now they don't...

Publisher: Google Video

Author:

4 Nov 2006

America Freedom to Fascism

America: Freedom to Fascism is a 2006 film by , which alleges among a variety of claims that income tax is illegal. This documentary covers many subjects, including: the Internal Revenue Service (IRS), the income tax, Federal Reserve System, national ID cards (REAL ID Act), human-implanted RFID tags (Spychips), Diebold electronic voting machines, globalization, Big Brother, taser weapons abuse, and the alleged use of terrorism by government as a means to diminish the citizens rights.
America: Freedom to Fascism is a 2006 film by , which alleges among a variety of claims that income tax is illegal. This...
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