The post originally appeared on Robert Reich’s blog J.P. Morgan Chase & Co., the nation’s largest bank, whose chief executive, Jamie Dimon, has lead Wall Street’s war against regulation, announced Thursday it had lost $2 billion in trades over the past six weeks and could face an additional $1 billion of losses, due to [...]
Regardless of what side of the fence you stand on, there is no denying that the Occupy Wall Street protests have sparked a keen sense of intrigue not seen in American in quite sometime — maybe as far back as the Vietnam War. But the intrigue surrounding the Occupy Wall Street movement has also stirred [...]
Oakland saw 300 people arrested on Saturday Jan 28 2011. If 300 people are arrested in America, there is something terribly wrong with the society. Its a big thing for the US demonstrations compared to other countries. It does not happens every day or every decade. This kind of violence and mayhem is unseen and [...]
Looks like Occupy movement is back from winter hibernation. Rested after a well deserved break over the holidays things were swinging in Oakland this after noon where a crowd of 1000 to 2000 people marched through the streets blocking traffic and than broke into City Hall in the evening, and tried to overtake a vacant [...]
Support your democracy. The message given by Robert Reich chairman of Common Cause. The influence of big money and corporations on our democracy has reached a crescent in 2011. The flawed system only helps those with millions to change the direction of things in Washington. The change that only helps the upper echelons and [...]
By Zaid Jilani Facing both plummeting temperatures and evictions from parks in New York City, Los Angeles, Boston, and elsewhere, Occupy protesters are shifting their actions during the winter season. They are refocusing their energy on protest actions against politicians, creative demonstrations, and tackling the nation’s foreclosure crisis. Around the country, Occupy protesters have [...]
By Dan Tanner The year 2011 is in the rear view mirror. No I did not like it. It was like 2008 repeated all over again. The same nascent economic environment, a stalling stock market, wars raging at the door, the economy being dragging behind them, like a log tied to a pick up truck [...]
By Robert Reich You’ve been seeing this across the country … Americans assaulted, clubbed, dragged, pepper-sprayed … Why? For exercising their right to free speech and assembly — protesting the increasing concentration of income, wealth, and political power at the top. And what’s Washington’s response? Nothing. In fact, Congress’s so-called “supercommittee” just disbanded because Republicans [...]
By Zaid Jilani Tomorrow is “Bank Transfer Day,” a day on which 99 Percent activists are calling for Americans to take their money out of big banks and other similar financial institutions and instead use credit unions and local community banks. As ThinkProgress reported yesterday, an estimated 650,000 Americans joined credit unions between Sept. 29 [...]
By Zaid Jilani Its time to send the credit card industry a message , literally. Thousands of people across the nation continue to occupy public parks, bank lobbies, city squares, and other locations to speak out against economic injustice and corporate influence in our democracy. Yet particularly as temperatures drop and the weather turns [...]
By Zaid Jilani A common tactic by the American media during protest coverage is to focus on violent, sensationalist incidents. Yesterday, while thousands marched and went on strike in Oakland, a handful of “black bloc” demonstrators tried to vandalize a Whole Foods grocery store. Incensed by this behavior, a group of 99 Per centers surrounded [...]