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Main New York group has brought in $500,000 in donations alone
NEW YORK — Occupy Wall Street has raised more than $500,000 in New York alone to support anti-greed demonstrations and, seven weeks into the movement, protesters are finding that having money creates headaches.
The challenges have included how to become a non-profit entity, how to deal with credit card companies withholding donations, choosing a bank that shares the movement's philosophy and budgeting what to spend cash on.
The totals raised — more than $500,000 in New York and around $20,000 in Chicago, Richmond and other cities — have surprised everyone from the protesters to those overseeing their finances.
"These occupations ain't cheap," said Dutro, a tattoo artist who was studying finance at New York University before putting his studies on hold to join the protest.
The movement is keeping its money at Amalgamated Bank, which was started in the 1920s by a garment-workers union and was until recently 100 percent union-owned.
That sole union ownership ended in September just as the protests were starting. Nine days after the demonstrations began, Amalgamated sold 40 percent of its stock to two of America's best-known investors, Wilbur Ross and Ron Burkle.
Ross buys and merges distressed companies in industries such as steel, coal and auto parts. Burkle is best known for his investments in grocery companies and has good relations with unions. Both Ross and Burkle are billionaires.
http://www.msnbc.msn.com/id/45132748/ns/business-us_business/
The month-long campaign started by Los Angeles gallery owner Kristen Christian, 27, will culminate on Saturday with Bank Transfer Day. Some credit unions say they are already seeing five times their normal daily new account business.
"I was tired ... of the fee increases, tired of not being able to access my money when I needed to, tired of my funds being used to fund lavish executive vacations and the acquisition of failing assets," Christian said. "I've been shocked at how many people have stood up alongside me."
Protesters claimed a victory on Tuesday when Bank of America Corp , the second-biggest U.S. bank, scrapped plans for a $5 monthly debit card fee.
mudra wrote:Occupy Wall Street: No Demand is Big Enough
October 30, 2011 |
Occupy Wall Street should not be content with half-measures, even as it encourages and applauds the tiny hundredth-measures that might come first.
Looking out upon the withered American Dream, many of us feel a deep sense of betrayal. Unemployment, financial insecurity, and lifelong enslavement to debt are just the tip of the iceberg. We don't want to merely fix the growth machine and bring profit and product to every corner of the earth. We want to fundamentally change the course of civilization. For the American Dream betrayed even those who achieved it, lonely in their overtime careers and their McMansions, narcotized to the ongoing ruination of nature and culture but aching because of it, endlessly consuming and accumulating to quell the insistent voice, "I wasn't put here on earth to sell product." "I wasn't put here on earth to increase market share." "I wasn't put here on earth to make numbers grow."
We protest not only at our exclusion from the American Dream; we protest at its bleakness. If it cannot include everyone on earth, every ecosystem and bioregion, every people and culture in its richness; if the wealth of one must be the debt of another; if it entails sweatshops and underclasses and fracking and all the rest of the ugliness our system has created, then we want none of it.
No one deserves to live in a world built upon the degradation of human beings, forests, waters, and the rest of our living planet. Speaking to our brethren on Wall Street, no one deserves to spend their lives playing with numbers while the world burns. Ultimately, we are protesting not only on behalf of the 99% left behind, but on behalf of the 1% as well. We have no enemies. We want everyone to wake up to the beauty of what we can create.
Occupy Wall Street has been criticized for its lack of clear demands, but how do we issue demands, when what we really want is nothing less than the more beautiful world our hearts tell us is possible? No demand is big enough. We could make lists of demands for new public policies: tax the wealthy, raise the minimum wage, protect the environment, end the wars, regulate the banks. While we know these are positive steps, they aren't quite what motivated people to occupy Wall Street. What needs attention is something deeper: the power structures, ideologies, and institutions that prevented these steps from being taken years ago; indeed, that made these steps even necessary. Our leaders are beholden to impersonal forces, such as that of money, that compel them to do what no sane human being would choose. Disconnected from the actual effects of their policies, they live in a world of insincerity and pretense. It is time to bring a countervailing force to bear, and not just a force but a call. Our message is, "Stop pretending. You know what to do. Start doing it." Occupy Wall Street is about exposing the truth. We can trust its power. When a policeman pepper sprays helpless women, we don't beat him up and scare him into not doing it again; we show the world. Much worse than pepper spray is being perpetrated on our planet in service of money. Let us allow nothing happening on earth to be hidden.
If politicians are disconnected from the real world of human suffering and ecosystem collapse, all the more disconnected are the financial wizards of Wall Street. Behind their computer screens, they occupy a world of pure symbol, manipulating numbers and computer bits. Occupy Wall Street punctures their bubble of pretense as well, reconnects them with the human consequences of the god they serve, and perhaps with their own consciences and humanity too. Only in a hallucination could someone imagine that the unsustainable can last forever; in puncturing their bubble, we remind them that the money game is nearing its end. It can be perpetuated for a while longer, perhaps, but only at great and growing cost. We, the 99%, are paying that cost right now, and as the environment and the social fabric decay, the 1% will soon feel it too. We want those who operate and serve the financial system to wake up and see before it is too late.
read on: http://www.alternet.org/story/152903/occupy_wall_street%3a_no_demand_is_big_enough
Love Always
mudra
Court order allows Occupy Wall St. protesters back
NEW YORK — The National Lawyers Guild says it has obtained a court that allows Occupy Wall St. protesters to return with tents to a New York City park.
http://www.ajc.com/news/nation-world/court-order-allows-occupy-1226620.html
