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Tag: Wall Street


Flickr / bogieharmond (CC-BY)

Occupy Wall Street’s ‘Empire Strikes Back’ Moment

Whither Occupy Wall Street? That’s the question that’s been on the forefront of the young movement’s agenda since police forced participants out of New York City’s Zuccotti Park last month.

Posted on Dec 13, 2011 READ MORE  |  12 COMMENTS



AP / Seth Wenig

Time to Start Preoccupying Wall Street

What would it be like if activists were to spend the next several months developing, articulating and organizing toward a major national mortgage and student loan strike? Such a loan strike would be slated to begin on some specific preannounced date in the intermediate future. Why not, say, on Oct. 1, 2012, right in the middle of the next presidential campaign?

Posted on Dec 9, 2011 READ MORE  |  134 COMMENTS



cbsnews.com

Truthdiggers of the Week: Two Mortgage Meltdown Whistle-Blowers

It’s all too rare that a mainstream news network goes after just the sort of financial heavy hitters that tend to have ties to their own corporate sponsors, but thankfully, that’s what CBS News’ “60 Minutes” did last weekend with the help of two principled mortgage specialists.

Posted on Dec 9, 2011 READ MORE  |  10 COMMENTS



Photo illustration from an image by Colin Grey (CC-BY)

The Cruelty of Nonlethal Weapons

This week on Truthdig Radio in association with KPFK: Newt Gingrich’s rise and Rod Blagojevich’s fall; why nonlethal weapons are being abused; Nomi Prins’ new novel; and millennial mishigas.

Posted on Dec 9, 2011 READ MORE


The Cruelty of Nonlethal Weapons

This week on Truthdig Radio in association with KPFK: Newt Gingrich’s rise and Rod Blagojevich’s fall; why nonlethal weapons are being abused; Nomi Prins’ new novel; and millennial mishigas.

Posted on Dec 9, 2011 READ MORE  |  1 COMMENT



Pat Arnow (CC-BY-SA)

Will Popular Reformer Cuomo’s Plan Tax the 1 Percent?

Held aloft by the highest approval ratings of any governor in America, Andrew Cuomo now plans a sweeping tax reform that is expected to demand more, not less, from New York’s wealthiest.

Posted on Dec 8, 2011 READ MORE  |  10 COMMENTS



White House / Pete Souza

Obama’s New Square Deal

President Obama has decided that he is more likely to win if the election is about big things rather than small ones.

Posted on Dec 7, 2011 READ MORE  |  94 COMMENTS



Illustration by Mr. Fish

Where Were You When They Crucified My Lord?

The Occupy movement is the force that will revitalize traditional Christianity in the United States or signal its moral, social and political irrelevance.

Posted on Dec 5, 2011 READ MORE  |  358 COMMENTS


‘60 Minutes’ Shames Justice Dept. Over Wall Street

“60 Minutes” got tired of waiting for the Justice Department to prosecute the big banks that caused the financial crisis, so Steve Kroft and his producers went out and built their own cases.

Posted on Dec 4, 2011 READ MORE  |  62 COMMENTS



David Wiley (CC-BY)

Celebrating the End of Kids’ Wall Street Dreams

Amid fears of high youth unemployment creating a “lost generation,” there is suddenly a bright spot: Apparently, fewer young people are going to work in the industry that destroyed our economy.

Posted on Dec 1, 2011 READ MORE  |  18 COMMENTS



jonny2love (CC-BY)

Take Our Children, Please! A Modest Proposal for Occupy Wall Street

On Jan. 16, Martin Luther King Day, citizens from around the country should gather at the New York Stock Exchange on Wall Street. Let’s call this macabre gathering—with luck and even worse times, it should be mammoth—“We Surrender” or “Restore Debtor’s Prisons” or “De-Fault Is Ours” or “Collateralize Us.” And plan on a mirthful day of mourning.

Posted on Nov 30, 2011 READ MORE  |  12 COMMENTS



Wikimedia Commons / Dan Smith (CC-BY-SA)

Secret Fed Loans Gave Banks Big Profits During Bailout

Here we have some news that Ohio Sen. Sherrod Brown believes “can unite the tea party and Occupy Wall Street.” Sound implausible? Well, Bloomberg News’ parent company went to court to access 29,000 pages of documents from the Federal Reserve, from which the outlet gleaned ... (more)

Posted on Nov 29, 2011 READ MORE  |  3 COMMENTS


Turkeys

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Posted on Nov 27, 2011 READ MORE



Devin Smith (CC-BY)

Pulling Accounts From the Unaccountable

Occupy protesters decided to march on local branches of the too-big-to-fail banks, so participants could close their accounts, and others could hold “teach-ins” to discuss the problems created by these unaccountable institutions.

Posted on Nov 22, 2011 READ MORE  |  19 COMMENTS



Joe Wolf (CC-BY-ND)

How Students Landed on the Front Lines of Class War

University students, who face tuition hikes and state cuts to public education, find themselves victimized by the same neoliberal agenda that has created the current economic crisis, and which profoundly endangers democratic values.

Posted on Nov 22, 2011 READ MORE  |  66 COMMENTS



Brennan Cavanaugh (CC-BY)

OWS Organizer Questions Intentions of Secretive Affinity Group

Over a pair of steaming coffee cups, I was told that a secret faction has developed within New York City’s Occupy movement, made up of big-name celebrities and would-be leaders, some of whom look determined to steer the movement in a direction of their choosing.

Posted on Nov 22, 2011 READ MORE  |  93 COMMENTS



Gage Skidmore (CC-BY-SA)

The Republicans Aren’t Funny, They’re Scary

Unfortunately, the media’s fascination with antics has diverted attention from what the Republicans would do if they win.

Posted on Nov 21, 2011 READ MORE  |  100 COMMENTS



bogieharmond (CC-BY)

Still Occupied

Occupy Wall Street may not occupy Zuccotti Park anymore, but it refuses to surrender its place in the national discourse.

Posted on Nov 20, 2011 READ MORE  |  12 COMMENTS


Wall Street Complacent

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Posted on Nov 20, 2011 READ MORE



jburwen (CC-BY)

Tahrir Square All Over Again

Egyptian security forces killed at least three demonstrators in Cairo’s Tahrir Square on Sunday as troops moved against huge crowds protesting the military’s attempts to grant itself permanent governmental powers a week before the first post-Mubarak parliamentary elections.

Posted on Nov 20, 2011 READ MORE  |  7 COMMENTS


Lobbying Firm Proposes ‘Hit Job’ on OWS

MSNBC journalist Chris Hayes brings us a memo written by a Washington lobbying firm staffed with former aides of Republican Speaker John Boehner offering American bankers a near $1 million publicity blitz against Occupy Wall Street and its congressional supporters. (more)

Posted on Nov 19, 2011 READ MORE  |  9 COMMENTS


Security Guard at Zuccotti: ‘Your Fly’s Open, Faggot’

You may wonder what kind of goons Brookfield Properties—the owners of Zuccotti Park—hired to secure the area after Occupiers were evicted from the premises early Tuesday morning. At least one careless bigot numbered among the crowd.

Posted on Nov 17, 2011 READ MORE  |  25 COMMENTS



AP / Mary Altaffer

Occupiers Rally, Media Tallies on National Day of Action

On Thursday, two months into the Occupy Wall Street movement, protesters turned out en masse in New York, Los Angeles and other flash points around the country to continue their call for financial reform and to make a show of solidarity after New York City Mayor Michael Bloomberg and his counterparts in ... (more)

Posted on Nov 17, 2011 READ MORE  |  9 COMMENTS



AP / Julia Xanthos

The Villain Occupy Wall Street Has Been Waiting For

In the pantheon of billionaires without shame, Michael Bloomberg, the Wall Street banker-turned-business-press-lord-turned-mayor, is now secure at the top.

Posted on Nov 17, 2011 READ MORE  |  327 COMMENTS



Code Pink (CC-BY-SA)

AIG Chairman Looks Down His Nose at OWS

The chairman of AIG, which is now majority owned by the United States Treasury thanks to a $182.3 billion bailout, was on Bloomberg TV, appropriately enough, when he declared that the “Occupy Wall Street crowd” has “a very simplistic view of things.”

Posted on Nov 16, 2011 READ MORE  |  14 COMMENTS



DonkeyHotey (CC-BY)

Where Does Occupy Go From Here?

The program to oust the Occupy Wall Street movement from its sites of occupation is now under way. The Occupied, who own the police, have grown tired of the Occupation.

Posted on Nov 16, 2011 READ MORE  |  51 COMMENTS


The Data Behind the Occupy Movement

Do the Occupiers know what they’re talking about when they chant, “We are the 99 percent!”? With a quick animation, The Guardian breaks down the key economic data representing the conditions that have brought thousands of the disempowered and discontented into the streets all across the country.

Posted on Nov 16, 2011 READ MORE  |  4 COMMENTS



Kenny Sun (CC-BY)

The Brave New World of Occupy Wall Street

We got word just after 1 a.m. Tuesday that New York City police were raiding the Occupy Wall Street encampment.

Posted on Nov 15, 2011 READ MORE  |  32 COMMENTS



AP / Seth Wenig

This Is What Revolution Looks Like

Welcome to the revolution. Our elites have exposed their hand. They have nothing to offer. They can destroy but they cannot build. They can repress but they cannot lead. They can steal but they cannot share. They can talk but they cannot speak.

Posted on Nov 15, 2011 READ MORE  |  393 COMMENTS



timothy.actwell (CC-BY)

Deaths Have Cities Calling for OWS Shutdown

Three deaths in or near Occupy Wall Street encampments in different cities late last week have given authorities reason to insist that shutting the protests down is in the public’s best interest. (more)

Posted on Nov 13, 2011 READ MORE  |  41 COMMENTS



Peter Woodbridge (CC-BY)

OWS Prepares for Winter Hibernation

As members of the OWS encampment in New York City head into what promises to be a brutal winter, activists with differing notions about where the movement should go next can all agree on one thing: survival. (more)

Posted on Nov 12, 2011 READ MORE  |  10 COMMENTS


Relax, Everything Is OK

The 20th-century French novelist and philosopher Albert Camus once wrote: “At any street corner the feeling of absurdity can strike any man in the face.” For the unfortunate few deprived of the experience, a few megaphone-wielding British agitators took to the streets of London to make things clear. (more)

Posted on Nov 12, 2011 READ MORE  |  9 COMMENTS


Why Income Inequality Suddenly Matters

Something amazing happened: For 10 whole seconds, the local reporter on my TV screen actually talked about the realities of the recession.

Posted on Nov 11, 2011 READ MORE  |  50 COMMENTS



Wikimedia Commons: Charles Haynes (CC-BY-SA) / U.S.

Batali vs. the Bankers

Mario Batali, feel the wrath of the 1 percenters. The ginger-haired and orange-shod celebrity chef and owner of fancy New York eateries Babbo and Del Posto caused an uproar among Wall Streeters when he talked about bankers, Hitler and Stalin in the same sentence.

Posted on Nov 10, 2011 READ MORE  |  13 COMMENTS


Robert Reich and Robert Scheer at Occupy L.A. Teach-In

Last weekend former Labor Secretary Reich and Truthdig Editor Scheer, who, in his own words, got a little wound up, were among the luminaries teaching in at the Occupy L.A. encampment.

Posted on Nov 10, 2011 READ MORE  |  27 COMMENTS



AP / Damian Dovarganes

California Refuses to Accept Obama’s Banking Sellout

There is no three-strikes law for crooked bankers, who usually get off with a fine and a promise not to do it again, and again and again.

Posted on Nov 10, 2011 READ MORE  |  136 COMMENTS



David Shankbone (CC-BY)

Why Are Police Treating Protesters Like Terrorists?

From Zuccotti Park to Nashville, counterterrorism cops and homeland security officials are spying on and intimidating Occupy protesters. It may have something to do with the way the Patriot Act can be read to classify civil disobedience as domestic terrorism.

Posted on Nov 8, 2011 READ MORE  |  37 COMMENTS



AP / Carolyn Kaster

White House Tweaks Daley’s Job Description

Is the Obama administration doing a slow fade on Chief of Staff Bill Daley? The Chicago-bred heavy seems to have had a tough run of it since taking over for Rahm Emanuel, and though the White House denied any major power shifts, rumblings got out on Tuesday that ... (more)

Posted on Nov 8, 2011 READ MORE  |  2 COMMENTS


The People v. Goldman Sachs

Last Thursday, Chris Hedges, Cornel West and others held a mock trial of Goldman Sachs in Zuccotti Park.

Posted on Nov 8, 2011 READ MORE  |  7 COMMENTS



[casey] (CC-BY-ND)

The War Against the Poor

We’ve been at war for decades now—not just in Afghanistan or Iraq, but right here at home. Domestically, it’s been a war against the poor, but if you hadn’t noticed, that’s not surprising.

Posted on Nov 7, 2011 READ MORE  |  20 COMMENTS



AP / Bebeto Matthews

Finding Freedom in Handcuffs

The wealthy and the powerful behind the glass at Goldman Sachs laughed and snapped pictures of us as if we were creatures in a cage, which in fact we soon were.

Posted on Nov 7, 2011 READ MORE  |  192 COMMENTS



DonkeyHotey (CC-BY)

Bloomberg vs. Occupy Wall Street

If the New York mayor only read the fine news service that carries his name he could not claim that “It was not the banks that created the mortgage crisis.”

Posted on Nov 6, 2011 READ MORE  |  21 COMMENTS



nypost.com

Murdoch’s Post Declares War on OWS

This week, the media magnate’s notorious New York tabloid ran three consecutive covers that together branded Wall Street protesters as lazy, vicious beasts. Salon suggests the insults probably mean the occupiers are doing something right. (more)

Posted on Nov 5, 2011 READ MORE  |  9 COMMENTS


Chomsky Has Some Advice for the Occupiers

Noam Chomsky had a simple message for protesters at Occupy Boston last month: To change their country, they must first get the public on their side. Then they can make big demands. (more)

Posted on Nov 5, 2011 READ MORE  |  45 COMMENTS



David Shankbone (CC-BY)

Chris Hedges Arrested in Front of Goldman Sachs

The New York Daily News reports that at least 15 Occupy Wall Street protesters were arrested after about 300 marched from Zuccotti Park to the front door of Goldman Sachs. Among them was Truthdig columnist Chris Hedges.

Posted on Nov 3, 2011 READ MORE  |  122 COMMENTS


Manarchy!

This week on Truthdig Radio in association with KPFK: Code Pink challenges Occupy movement “manarchists,” Oliver Stone talks history and Tariq Ali argues that President Obama is a continuation of President George W. Bush. Plus the winner of our protest song contest. Update: Full transcript.

Posted on Nov 3, 2011 READ MORE  |  5 COMMENTS



Photo illustration from an image by Colin Grey (CC-BY)

Manarchy!

This week on Truthdig Radio in association with KPFK: Code Pink challenges Occupy movement “manarchists,” Oliver Stone talks history and Tariq Ali argues that President Obama is a continuation of President George W. Bush. Plus the winner of our protest song contest.

Posted on Nov 3, 2011 READ MORE



David Goehring (CC-BY)

Matt Taibbi Tells Michael Bloomberg to Sex Himself

The Rolling Stone scribe has christened Tuesday’s mayor-on-mayor action, during which former New York boss Ed Koch and current Mayor Michael Bloomberg mixed it up over the financial crisis and Occupy Wall Street, Bloomberg’s “Marie Antoinette moment.” (more)

Posted on Nov 3, 2011 READ MORE  |  24 COMMENTS


Occupy Washington

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Posted on Nov 2, 2011 READ MORE


Occupy Wall Street Bares Its Soul

As the biography on his website reads, funk/soul/R&B singer and songwriter Charles Bradley is “no stranger to hard times.” Raised on the streets of Brooklyn, Bradley lived much of his life as an itinerant cook and part-time musician before suffering the death of his brother by gunshot. (more)

Posted on Nov 2, 2011 READ MORE


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