Society's ChildS


Wall Street

The Megabanks are trying to prevent bank runs in the United States


Pacific Progress
Sun, 16 Oct 2011 16:27 UTC
Megabanks around the world are reeling from their customers removing their capital and closing their accounts. People are standing up worldwide in a non-participational form of civil disobedience in order to do anything possible to bring down these corrupt megabanks.

There was an Italian bank run scare in at the beggining of August that really started the gears in motion for the possibilities of future bank runs.

Financial blogs predicted a run on the French banks during the economic turmoil in the EU and Eurozone countries. Many corporations in France have moved their money out of French banks and into safer short term holdings for the time being.
Read More...
Che Guevara

Occupy Canada protesters planning 'large impact' event for Monday

Diana Mehta
The Canadian Press
Sun, 16 Oct 2011 12:46 UTC
Image
© unknown
After spending their first night camped outdoors in protest, Canadians who gathered to decry corporate greed and social inequality used Sunday to hammer out their action plan for the coming week.

Many taking part in the Occupy Canada movement braved crisp autumn weather to spend the night at parks in various cities including Toronto, Halifax, Montreal, Edmonton and Vancouver.

As the sun rose over protesters camped in Toronto's St. James Park, one demonstrator said the day would be spent making decisions via consensus.

"Today's going to be a major day for planning a large impact for Monday as a demonstration for (when) the Stock Exchange opens," said Niko Salassidis, a 20-year-old who set up the Occupy Toronto Facebook group.

"We plan to make a very large statement."

The Occupy movement, which began peacefully in cities across Canada yesterday, was inspired by the month-long Occupy Wall Street protest south of the border.

Demonstrators are speaking out against what they see as a corporate system which favours a wealthy elite but disregards the masses, or "the 99 per cent."
Read More...
Eye 1

UK Facing Biggest Income Drop in 35 Years

Simon Veazey
The Epoch Times
Wed, 12 Oct 2011 14:30 UTC
money
© Alan Crowhurst/Getty ImagesInstitute for Fiscal Studies (IFS) says UK median income will fall while absolute poverty is forecast to rise. However, the government's newly announced Universal Credit scheme could reduce both absolute and relative poverty in the longer term.

In the next two years, the U.K. faces the largest drop in income in the last 35 years, according to a report by the economic think tank Institute for Fiscal Studies (IFS).

Median income is expected to fall by around 7 percent, in the period between 2009 - 2010 and 2012 - 2013, as absolute poverty is forecast to rise by 1.4 million.

The report says that the government's newly announced Universal Credit scheme will be able to reduce both absolute and relative poverty in the longer term, bringing just over 1 million out of poverty by 2020.
Read More...
Family

US: Police arrest 46 at Phoenix Wall Street protest


ABC15.com
Sun, 16 Oct 2011 13:58 UTC
Police moved into a crowd of protesters around midnight Saturday and arrested several people following an anti-Wall Street rally in Phoenix.

Reporters and protesters on the scene saw an estimated 40 people detained at Margaret T. Hance Park just north of downtown Phoenix. In a Sunday morning news release, Phoenix police said 46 arrests had been made for criminal trespass, a misdemeanor.

Sgt. Trent Crump said, "most of those arrested were passive in nature and no injuries were reported to either officers or demonstrators."

Image
© ABC15Occupy Phoenix arrests
The arrests came hours after anti-Wall Street protesters gathered in Phoenix and Tucson as part of a series of protests across the country against financial institutions.

About 1,000 people attended the Occupy Phoenix event that began with a noon rally at Cesar Chavez Plaza.
Read More...
Wall Street

'Bank Transfer Day' Causes Credit Union Buzz

Jim Rubenstein
Common Dreams
Mon, 10 Oct 2011 13:55 UTC
bank transfer day

Even with most credit unions closed for Columbus Day there was plenty of online buzz, and uncertainty, about what the credit union industry role might be on "Bank Transfer Day," the latest event surfacing from the "Occupy Wall Street" protests.

Industry sources, speaking off the record, suggested any wholesale switch from large banks to CUs on Nov. 5, the day designated by one Californian and carried atwitter Monday, could conceivably put net worth ratios out of whack.

The balance sheet problem was raised by several industry officials as a potential hazard as online articles focused on what "Occupy" supporters are calling now for a specific action to underscore their complaints against big banks and corporate "greed."
Read More...
Vader

Occupy Santa Cruz - Bank of America refusing to close account

dmstins
YouTube
Sat, 08 Oct 2011 13:27 UTC
Read More...
Light Saber

Sweden: Wall Street protesters marched on Riksbank


The Local
Sun, 16 Oct 2011 13:21 UTC
ows, sweden
© Maia Suslin/Scanpix

Following a wave of Wall Street protests worldwide on Saturday, raised voices against corporate greed were also heard in Sweden, with demonstrations in Stockholm, Gothenburg, Malmö and several other cities.

Einar Stensson, sociologist and one of the Stockholm protest's organisers, was one of many to speak at the demonstration held at central Sergels Torg in Stockholm, where several hundred had gathered on Saturday.

"The financial crisis has hit us, and we've had to pay while those responsible get away scot-free," he said to news agency TT.

"Now we're looking to get organised and create our own power, because the political parties have disassembled their own people's movements, and aren't interested in having our influence in politics," he said.
Read More...
People

Across the World, the Indignant Rise up Against Corporate Greed and Cuts

David Randall and Matt Thomas
The Independent
Sun, 16 Oct 2011 12:44 UTC
protestors
© GettyWhen violence flared, some protestors turned against the troublemakers, trying, with limited success, to stop them.
Violence mars Rome protest, but in scores more cities tens of thousands take peacefully to the streets

Protests against corporate greed, executive excess and public austerity began to gel into the beginnings of a worldwide movement yesterday as tens of thousands marched in scores of cities. The "Occupy Wall Street" protest, which started in Canada and spread to the US, and the long-running Spanish "Indignant" and Greek anti-cuts demonstrations coalesced on a day that saw marches or occupations in 82 countries.

Some protests were small, as in Tokyo, where only 200 turned up; some were large, as in Spain, where around 60 separate demonstrations were staged; and some were muted, as in London, where nearly 2,000 intending to march on the Stock Exchange obeyed police who turned them back. As dusk fell, some 500 of them were kettled in St Paul's churchyard.

Containment tactics were also used by police in New York last night as thousands of demonstrators were penned behind barricades in Times Square. They had marched through Manhattan and protested outside the city's banks, withdrawing their money as they did.
Read More...
Light Saber

OWS Organizers Blast MoveOn

Washington's Blog
RSN
Sat, 15 Oct 2011 12:31 UTC
99%, ows
© CNN

David DeGraw - one of the primary Wall Street protest organizers - just sent me the following email:
Top MoveOn leaders / executives are all over national television speaking for the movement. fully appreciate the help and support of MoveOn, but the MSM is clearly using them as the spokespeople for OWS. This is an blatant attempt to fracture the 99% into a Democratic Party organization. The leadership of MoveON are Democratic Party operatives. they are divide and conquer pawns. For years they ignored Wall Street protests to keep complete focus on the Republicans, in favor of Goldman's Obama and Wall Street's Democratic leadership.

If anyone at Move On or Daily Kos would like to have a public debate about these comments, we invite it.

Please help us stop this divide and conquer attempt.
DeGraw - who is wholly non-partisan [like the writers at Washington's Blog] - tells me that about half of the protesters are liberals, but the other half are libertarians (and see this.)
Read More...
Che Guevara

Mob Storms Bloomberg's Restaurant


Daily Mail
Fri, 14 Oct 2011 17:29 UTC
Image
© N/A
Jubilant scenes are being witnessed this morning at the Occupy Wall Street protest camp after a planned 'eviction' was postponed following a last-minute change of mind by the park's owners.

Brookfield Office Properties put off a clean-up and supporters of the protesters streamed into the New York park in the morning darkness today, forming a crowd of several hundred chanting people.

Chanting 'Hell no! We won't go!', hundreds of demonstrators stormed a Wall Street restaurant last night to confront New York City Mayor Michael Bloomberg over a planned clean-up of their camp.
Read More...