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Entries in OccupyWallSt (177)

Tuesday
Nov082011

Progressive Radio Network Host Danny Schechter, Fridays @ 1pm (EDT) - The Question OWS Hears Most: “What’s Your Agenda?”

By Danny Schechter

Author of The Crime of Our Time

One of the most frequently repeated, recycled and dismissive questions about Occupy Wall Street is its supposed lack of an “agenda.”

The “what do you people want” question has featured in media interviews almost to the exclusion of all others.

It’s as if the movement won’t be taken seriously by some, unless and until, it enunciates list of “demands” and defines itself in a way that can allow others, especially a cynical media, to label and pigeonhole it.

Many are just frothing at the mouth for some political positions they can expose as shallow or absurd. Teams of pundits are being primed to go on the attack once they have some bullet points to refute.

(Many police departments don’t need bullet points to go on the attack. They have been having a field day arresting occupiers in many cities, while collecting overtime and readying their own bullets as needed.)

Some on Wall Street already denounce these adversaries as “unsophisticated” for their formulation of the 99% versus the 1%. You’d expect the 1 % to reject this way of seeing the world.

On the right, there is no factual inaccuracy or bizarre incident they won’t invoke to dismiss a movement they lack the mental tools to understand.

The Drudge Report was delighted to expose an incident involving public masturbation in one city. A group of gun nuts blasted away a group of people who in their majority are deeply disappointed with President Obama’s non-leadership on economic issues.

Click to read more ...

Tuesday
Nov082011

Chris Hedges - Arrested in Front of Goldman Sachs

http://www.truthdig.com/report/item/chris_hedges_arrested_in_front_of_goldman_sachs_20111103/

Posted on Nov 3, 2011

Chris Hedges made this statement in New York City’s Zuccotti Park on Thursday morning during the People’s Hearing on Goldman Sachs, which he chaired with Dr. Cornel West. The activist and Truthdig columnist then joined a march of several hundred protesters to the nearby corporate headquarters of Goldman Sachs, where he was arrested with 16 others.

Goldman Sachs, which received more subsidies and bailout-related funds than any other investment bank because the Federal Reserve permitted it to become a bank holding company under its “emergency situation,” has used billions in taxpayer money to enrich itself and reward its top executives. It handed its senior employees a staggering $18 billion in 2009, $16 billion in 2010 and $10 billion in 2011 in mega-bonuses. This massive transfer of wealth upwards by the Bush and Obama administrations, now estimated at $13 trillion to $14 trillion, went into the pockets of those who carried out fraud and criminal activity rather than the victims who lost their jobs, their savings and often their homes.

Click to read more ...

Tuesday
Nov082011

Robert Scheer and Chris Hedges - on Class Struggle

http://www.truthdig.com/avbooth/item/chris_hedges_and_robert_scheer_on_class_struggle_20111101/

Posted on Nov 1, 2011

Robert Scheer: I’m talking to Chris Hedges ... I want to say, you’ve played an incredible role in getting people to not focus so much on the electoral possibilities, the leading party, and to take their concern to the street. And long before there was any of this Occupy L.A. or New York or any other movement, Wall Street, somebody else who did it—and it really impressed me, I reread his article—is Joseph Stiglitz. Back in April, in Vanity Fair of all places, [he] had a statement. I’d just like to begin by reading something he wrote then, because people say oh, where did this come from, and it came from this website, or something—and quoting Stiglitz, he said: “The top 1 percent have the best houses, the best educations, the best doctors and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.” Are we at that moment now?

Chris Hedges: Yeah. We are.

Robert Scheer: And are they getting the message, or is it just too late?

Chris Hedges: No.

Robert Scheer: No.

Click to read more ...

Tuesday
Nov082011

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

By Noam Chomsky, AlterNet

Posted on November 1, 2011, Printed on November 2, 2011
http://www.alternet.org/story/152933/noam_chomsky_speaks_to_occupy%3A_if_we_want_a_chance_at_a_decent_future%2C_the_movement_here_and_around_the_world_must_grow

It's a little hard to give a Howard Zinn Memorial Lecture at an Occupy meeting. There are mixed feelings that go along with it. First of all, regret that Howard is not here to take part and invigorate it in his particular way, something that would have been the dream of his life, and secondly, excitement that the dream is actually being fulfilled. It’s a dream for which he laid a lot of the groundwork. It would have been the fulfillment of a dream for him to be here with you.

The Occupy movement really is an exciting development. In fact, it's spectacular. It's unprecedented; there's never been anything like it that I can think of. If the bonds and associations that are being established at these remarkable events can be sustained through a long, hard period ahead -- because victories don't come quickly-- this could turn out to be a very significant moment in American history.

The fact that the demonstrations are unprecedented is quite appropriate. It is an unprecedented era -- not just this moment -- but actually since the 1970s. The 1970s began a major turning point in American history. For centuries, since the country began, it had been a developing society with ups and downs. But the general progress was toward wealth and industrialization and development -- even in dark and hope -- there was a pretty constant expectation that it's going to go on like this. That was true even in very dark times.

Click to read more ...

Friday
Nov042011

Tariq Ali - How do the 99% compare with mass protests of the past – and can they succeed?

Counterpunch,  October 31, 2011

by TARIQ ALI

“A map of the world that does not include Utopia is not worth glancing at,” wrote Oscar Wilde, “for it leaves out the one country at which humanity is always landing. And when humanity lands there, it looks out, and seeing a better country, sets sail. Progress is the realisation of Utopias.”

The spirit of that 19th century socialist is alive among the idealistic young people who have come out in protest against the turbo-charged global capitalism that has dominated the world ever since the collapse of the Soviet Union.

The Occupy Wall Street protesters who have taken up residence at the heart of New York’s financial distract, are demonstrating against a system of despotic finance-capital: a greed-infected vampire that must suck the blood of the non-rich in order to survive. The protesters are showing their contempt for bankers, for financial speculators and for their media hirelings who continue to insist that there is no alternative. Since the Wall Street system dominates Europe, local versions of that model exist here too. (Interestingly it was the Wall Street occupiers rather than the indignados of Spain or the striking workers of Greece who had an impact in Britain, revealing once again that the real affinities of this country are Atlanticist rather than European.) The young people being pepper-sprayed by the NYPD may not have worked out what they want, but they sure as hell know what they’re against and that’s an important start.

Click to read more ...

Friday
Nov042011

Greg Palast - GOLDMAN SUX? Giant Squid Strikes Again at Occupy Wall Street's Credit Union

http://www.opednews.com/articles/GOLDMAN-SUX-Giant-Squid-S-by-Greg-Palast-111031-449.html

October 31, 2011

By Greg Palast

What have I done?  There's one angry squid out there.

Last week, Democracy Now! and The Guardian ran our story about Goldman Sachs yanking financial support from a community credit union for honoring one of its largest customers.  The customer:  Occupy Wall Street.

Our report so enraged Goldman that, within days, it doubled down on its attack on the little community bank.

Goldman had already demanded the return of its $5,000 payment to the Lower East Side Peoples Federal Credit Union.  Now, sources say, the trillion-dollar Wall Street mega-bank sent the following message to the not-for-profit community bank:  "You will never get a dime from any bank ever again."

About those "dimes" Goldman is taking away:  They come from you and me, the taxpayers who put up billions into the Troubled Asset Recovery Plan (TARP), usually known as the Bank Bail-Out Fund.

For Goldman to suck its $10 billion from the TARP trough, Goldman had to change from investment bank to commercial bank. This change makes Goldman subject to the Community Reinvestment Act (CRA) and requires it by law to pay back a notable portion in funds for low-income communities, abandoned by the big banks.

Click to read more ...

Friday
Nov042011

Greg Palast - Goldman Attacks Occupy Wall Street's Non-Profit Bank

http://www.opednews.com/articles/Sachs-Fiend--Goldman-Atta-by-Greg-Palast-111027-307.html

October 27, 2011

By Greg Palast

Sachs Fiend:

Goldman Attacks Occupy Wall Street's Non-Profit Bank

When Goldman got huffy at a credit union honouring OWS and pulled its anniversary dinner funding, much more was at stake  

Exclusive for The Guardian

by Greg Palast , the author of Vultures' Picnic : In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores. Out November 14. 

With Arun Gupta, founding editor of The Occupied Wall Street Journal. 

[Zuccotti Park, Wall Street, New York.] 

Mega-bank Goldman Sachs (assets $933 billion), has declared war on one of the smallest banks in New York (assets $30 million), 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. 

Click to read more ...

Friday
Nov042011

Chris Hedges: A Master Class in Occupation

http://www.truthdig.com/report/item/a_master_class_in_occupation_20111031/

Posted on Oct 31, 2011

By Chris Hedges

NEW YORK CITY—Jon Friesen, 27, tall and lanky with a long, dirty-blond ponytail, a purple scarf and an old green fleece, is sitting on concrete at the edge of Zuccotti Park leading a coordination meeting, a gathering that takes place every morning with representatives of each of Occupy Wall Street’s roughly 40 working groups.

Our conversation is about what it means to be a movement and what it means to be an organization,” he says to the circle. A heated discussion follows, including a debate over whether the movement should make specific demands.

I find him afterward on a low stone wall surrounding a flowerbed in the park. He decided to come to New York City, he said, from the West Coast for the 10th anniversary of 9/11. He found a ride on Craig’s List while staying at his brother’s home in Champaign, Ill.

It was a television event when I was 17,” he says of the 2001 attacks. “I came here for the 10-year anniversary. I wanted to make it real to myself. I’d never been to New York. I’d never been to the East Coast.”

Click to read more ...

Friday
Nov042011

Tom Engelhardt - Creating Space for Books and Learning at Occupy Wall Street

By Tom Engelhardt, Tomdispatch.com

Posted on October 30, 2011, Printed on October 31, 2011
http://www.tomdispatch.com/post/175460/tomgram%3A_engelhardt%2C_wall_street_by_the_book/#more

Once the Arab Spring broke loose, people began asking me why this country was still so quiet.  I would always point out that no one ever expects or predicts such events.  Nothing like this, I would say, happens until it happens, and only then do you try to make sense of it retrospectively.

Sounds smart enough, but here’s the truth of it: whatever I said, I wasn’t expecting you.  After this endless grim decade of war and debacle in America, I had no idea you were coming, not even after Madison.

You took me by surprise.  For all I know, you took yourself by surprise, the first of you who arrived at Zuccotti Park and, inspired by a bunch of Egyptian students, didn’t go home again.  And when the news of you penetrated my world, I didn’t pay much attention.  So I wasn’t among the best and brightest when it came to you.  But one thing’s for sure: you’ve had my attention these last weeks.  I already feel years younger thanks to you (even if my legs don’t).

Decades ago in the Neolithic age we now call “the Sixties,” I was, like you: outraged.  I was out in the streets (and in the library).  I was part of the anti-Vietnam War movement.  I turned in my draft card, joined a group called the Resistance, took part in the radical politics of the moment, researched the war, became a draft counselor, helped organize an anti-war Asian scholars group -- I was at the time preparing to be a China scholar, before being swept away -- began writing about (and against) the war, worked as an “underground” printer (there was nothing underground about us, but it sounded wonderful), and finally became an editor and journalist at an antiwar news service in San Francisco.

Click to read more ...

Friday
Nov042011

Gar Alperovitz - Occupy the Banks -- Strategies for Transformation

Published on Saturday, October 29, 2011 by YES! Magazine
Beyond revolution and reform: On how we can fundamentally transform our financial system.

The “occupations” now building around the country are a necessary and justified response to the outrages of a political-economic system that substitutes posturing for decision-making, looking the other way as the top one percent runs off with almost a fourth of the nation’s income and more wealth than the bottom 90 percent combined. The largely student/youth organized efforts might even be historic—if, that is, they come to terms with the reality that the challenge we face is systemic, not merely political and, that the crisis is also highly unusual in its demands.

For over a century, liberals and radicals have seen the possibility of change in capitalist systems from one of two perspectives: the reform tradition assumes that corporate institutions remain central to the system but believes that regulatory policies can contain, modify, and control corporations and their political allies. The revolutionary tradition assumes that change can come about only if corporate institutions are eliminated or transcended during an acute crisis, usually but not always by violence.

But what happens if a system neither reforms nor collapses in crisis?

Click to read more ...