Tag Archives: Wall Street

Wall Street


Wall Street

Wall Street is a narrow street in lower Manhattan, New York City, extending east from Broadway to the East River. It is the center of one of the greatest financial districts in the world. As the first permanent home of the New York Stock Exchange, the term “Wall Street” has come to denote US financial interests. Many New York financial firms, however, are no longer headquartered on Wall Street, but elsewhere in Manhattan, Connecticut, or New Jersey. Where did Wall Street get its name? More… Discuss

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this pressed: The Wall Street Takeover of Charity – ProPublica


The Wall Street Takeover of Charity

by Jesse Eisinger

ProPublica, Dec. 10, 2014, 12:23 p.m.

Donor-advised funds run by huge money management firms are exploding.

via The Wall Street Takeover of Charity – ProPublica.

COSTCO


Costco

The first Price Club opened in 1976 in an airplane hangar previously owned by Howard Hughes, and the first Costco opened in 1983. The two merged in 1993, and Costco is now the largest membership warehouse chain in the US. Costco sells items, often in bulk, at low prices in its unadorned warehouses, displaying products on pallets. The company maintains a markup limit of 15 percent, and will not stock a product if it deems the price too high. What did Costco refuse to sell for this reason in 2009? More…Discuss

 

Investigating Wall Street’s “kings and queens” (CBS – 60 Minutes, December 4, 2011) What do you mean we’re not investigating? We are, don’t worry, be happy!


Investigating Wall Street's 'kings and queens'- CBS - 60 Minutes _ December 4 2011
Investigating Wall Street‘s ‘kings and queens’- CBS60 Minutes _ December 4 2011 (click here to find out about these “investigations”) (click here to watch this video or… don’t worry be happy!)

It’s even more outrageous to hear that actually we got it all wrong: Investigations are made, just that the criteria has nothing to do with either common sense, or the laws of the land, or even personal feeling of disgust.

 

Then here it comes: what’s the criteria, who’s criteria is it anyway?

CBS – 60 Minutes: ‘Prosecuting Wall Street’ (December 4, 2011)


CBS - 60 Minutes 'December 4, 2011 Prosecuting Wall Street'
CBS60 Minutes ‘December 4, 2011 Prosecuting Wall Street‘ (click here to find out more about this vital issue!)

http://cnettv.cnet.com/av/video/cbsnews/atlantis2/cbsnews_player_embed.swf

 

“It’s been three years since the financial crisis crippled the American economy,” Steve Kroft begins his 60 Minutes piece this week. “[Yet] there has not been a single prosecution of a high ranking Wall Street executive or major financial firm.”

 60 Minutes producer James Jacoby wanted to find out why, and one of the first people he spoke with was Tom Borgers, a man who literally helped write the book on the financial meltdown.

 Borgers was a senior fraud investigator for the Financial Crisis Inquiry Commission (FCIC), a bipartisan panel set up by the Obama administration to examine the causes of the crisis. In the end, the FCIC issued a 500-page report on its findings, required reading for James and associate producer Maria Gavrilovic.

 One of Borgers’ chief responsibilities at the FCIC was finding, vetting, and interviewing whistle-blowers, and he was therefore helpful in leading the 60 Minutes team to sources including Eileen Foster and Richard Bowen, the whistle-blowers who are the centerpiece of the 60 Minutes piece, “Prosecuting Wall Street.”

 When Steve Kroft and Borgers sat down together, it was a great interview: honest, direct, and full of useful information. “I think he felt a real duty to make sure that a lot of their findings were followed up upon,” James told Overtime. “Most people who leave those commissions don’t really ever talk about it.” Which is why we are thrilled to feature Borgers this week on Overtime.

 A seasoned fraud investigator, Tom Borgers worked for the government in the wake of the Savings & Loans scandal, preparing and directing criminal referrals, and responsible for the recovery of multi-million dollar claims. During that time, Borgers saw hundreds of bank executives prosecuted and sent to prison, a stark contrast with what’s happened in our current economic crisis.

 Borgers tells Kroft that the FCIC found evidence of trillions of dollars of fraud and gross negligence, and that in the area of mortgage fraud, he found crimes committed by “mortgage originators, underwriters, banks . . . across the board.” Yet still, no prosecutions . . . so far.

 Despite that, Tom Borgers’ personal contributions have been recognized. In 2010, he was awarded the Examiner of the Year Award by the Association of Certified Fraud Examiners, DC. It noted his “selfless and tireless service to the United States people” through his work at the FCIC. That same year, he was also honored with a Special Act of Service Award by the FCIC. In February of 2011, he became a managing director of a financial consulting firm in New York City.

(Source: http://www.cbsnews.com/8301-504803_162-57336046-10391709/behind-the-financial-crisis-a-fraud-investigator-talks/?tag=contentBody;currentVideoInfo)

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Paramilitary Policing From Seattle to Occupy Wall Street (from The Nation)


Paramilitary Policing From Seattle to Occupy Wall Street (from The Nation)
Paramilitary Policing From Seattle to Occupy Wall Street (from The Nation) (click here to read the very imortant article)

They came from all over, tens of thousands of demonstrators from around the world, protesting the economic and moral pitfalls of globalization. Our mission as members of the Seattle Police Department? To safeguard people and property—in that order. Things went well the first day. We were praised for our friendliness and restraint—though some politicians were apoplectic at our refusal to make mass arrests for the actions of a few.

About the Author

Norm Stamper
Norm Stamper was chief of the Seattle Police Department during the WTO protests in 1999. He is the author of Breaking…
 

Then came day two. Early in the morning, large contingents of demonstrators began to converge at a key downtown intersection. They sat down and refused to budge. Their numbers grew. A labor march would soon add additional thousands to the mix.

“We have to clear the intersection,” said the field commander. “We have to clear the intersection,” the operations commander agreed, from his bunker in the Public Safety Building. Standing alone on the edge of the crowd, I, the chief of police, said to myself, “We have to clear the intersection.”

Why?

Because of all the what-ifs. What if a fire breaks out in the Sheraton across the street? What if a woman goes into labor on the seventeenth floor of the hotel? What if a heart patient goes into cardiac arrest in the high-rise on the corner? What if there’s a stabbing, a shooting, a serious-injury traffic accident? How would an aid car, fire engine or police cruiser get through that sea of people? The cop in me supported the decision to clear the intersection. But the chief in me should have vetoed it. And he certainly should have forbidden the indiscriminate use of tear gas to accomplish it, no matter how many warnings we barked through the bullhorn.

(From: http://www.thenation.com/article/164501/paramilitary-policing-seattle-occupy-wall-street)

This article was written and published before the peeper spray dehumanizing action at UC DAVIS, and it only support this experience retired police chief take on the reality of the mindset of the authorities regarding the social, not politically associated movement for justice and peace!

Former Seattle Police Chief Norm Stamper on Paramilitary Policing From WTO to Occupy Wall Street


Former Seattle Police Chief Norm Stamper on Paramilitary Policing From WTO to Occupy Wall Street
Former Seattle Police Chief Norm Stamper on Paramilitary Policing From WTO to Occupy Wall Street (click here to find out more about this topic)

It is interesting to revisit, the statements made by the official in charge of riot suppression, in the light of the US Davis campus abuse of children rights to petition for social, political and economical justice in the United States, rights not only violated, but to which there are no dialogue, concessions, discussion, as if we, the citizens are not represented by anybody. The actions of the Campus police of the Uc Davis, is clear declaration of the mindset of the officials regarding the petition for justice.

Occupy Wall Street Draws Massive Turnout in NYC and Across the Nation to Mark 2-Month Milestone: from Democracy Now, November 18, 2011


Occupy Wall Street Draws Massive Turnout in NYC and Across the Nation to Mark 2-Month Milestone
Occupy Wall Street Draws Massive Turnout in NYC and Across the Nation to Mark 2-Month Milestone (Click here to watch the program from Democracy Now)

From Democracy Now: ‘The Occupy Wall Street movement entered its third month Thursday with protests against the economic system in dozens of cities across the country. Reports estimated some 300 people were arrested nationwide, with the majority of the arrests taking place in New York City when protesters attempted to shut down the New York Stock Exchange. “We effectively shut down Wall Street this morning. We did it with our stories, with our bodies, with our hearts,” says one of the organizers of the action. Democracy Now! reporter Ryan Devereaux filed this report. [includes rush transcript]’
(Source: http://www.democracynow.org/)

Ralph Nader and Daniel Ellsberg_ We Need to See Courage and Mobilization Here as Well as the Middle East (Democracy Now November 18 2011)


Ralph Nader and Daniel Ellsberg_ We Need to See Courage and Mobilization Here as Well as the Middle East (Democracy Now November 18 2011)
Ralph Nader and Daniel Ellsberg_ We Need to See Courage and Mobilization Here as Well as the Middle East (Democracy Now November 18 2011) (Click here to find out more from Democracy Now)

Exerps from Ralph Nader’ s interview:  “So we have to get over this idea of making the least powerful pay the price for the corporate criminality that started, in the latest stage, from the Wall Street crooks and speculators who looted and drained trillions of dollars of pension funds and mutual fund savings, while they enriched themselves, tanked their companies, their banks, and sent them to Washington to be bailed out by the same workers in their role as taxpayers. It’s really time to raise our level of informed indignation, break our routine, and get involved as voters and citizens at the local, state and national level.”
(Source: http://www.democracynow.org/blog/2011/3/18/nader_and_ellsberg)

WATCH: Michael Moore, Naomi Klein and Others on Occupy Wall Street’s Possibilities (at The Nation)


Occupy Everywhere_ On the New Politics and Possibilities of the Movement Against Corporate Power( from The Nation)

Occupy Everywhere_ On the New Politics and Possibilities of the Movement Against Corporate Power( from The Nation) Click here to access details about this forum)

You can watch the program on November 10, 2011 at: http://www.thenation.com/video/164494/watch-michael-moore-naomi-klein-and-others-occupy-wall-streets-possibilities

Occupy Dame Street: Globaly Connected!


 

Rocky Road to Dublin (from Occupy Dame Street)

Rocky Road to Dublin (from Occupy Dame Street) (Click here to watch)


Source:
http://www.occupydamestreet.org/our-statement 

Arrests at new Occupy Wall Street protest (New Video: November 5, 2011


(Source Video, Story and Interviews: http://www.euronews.net/

At least 20 people have been arrested after scuffles broke out during an Occupy Wall Street protest in New York.
Hundreds of people marched as part of a demonstration against what they see as greed among banks and corporations.
Occupy Wall Street has inspired similar demonstrations right around the world.
Protester David Yale said: “This march is about the banks and what they’ve done to the American economy. We want them to be held accountable. We want them to pay for the damage they did. Fraud should be punished by jail terms.”)

Generator Seizure Forces ‘Occupy’ Creativity At Occupy Wall Street: Via Associated Press


After firefighters seized power generators and gas cans from Occupy Wall Street protestors, the demonstrators were forced to come up with a creative solution to power their laptop computers and mobile phones. (Oct. 31)

And this is how the history is written and these are the heroes!

Michael Moore’s ‘Here Comes Trouble’ Book Tour Hits White Plains, New York (10/24/11)




   Michael Moore: “We live in a liberal country … You know who believes it — and they’re proving that they believe it — are the Republicans. Because why would you try to suppress the vote if you believed you lived in a Conservative country? If you believed you lived in a Republican country, the last thing you would do would be to make it hard for people to vote. You’d be setting up voting booths in every Wal-Mart across the country.” — Michael Moore, Monday, October 24th, White Plains, New York

Dozens Arrested at Occupy Oakland as Police Raid Encampment: Tear Down Tents (Much More From Democracy Now!)


Dozens Arrested at Occupy Oakland as Police Raid Encampment_ Tear Down Tents

Dozens Arrested at Occupy Oakland as Police Raid Encampment_ Tear Down Tents (Click here to learn of the extraordinary news updates from Democracy Now!)

Michael Moore Occupies Wall Street: CNBC VIDEO


CNBC VIDEO_ Michael Moore Interview October 24 2011

CNBC VIDEO_ Michael Moore Interview October 24 2011 (CLick Here to view the video and read the transcript of the interview at CNBC!)

film maker Michael M is not one to hold back when it comes to capitalism. corporate america and now the movement to occupy wall street. he joins us this morning from outside the nyse. good morning and good to have you on the program. actually we’re not outside the new york stock exchange. you have moved me down here on to broadway. so that apparently you’ve been told or you are not allowed to have me there in front of the — you know, when i’ve interviewed with you in the past, you’ve tried to actually bring me into your studio at the stock exchange and the stock exchange will not allow me inside the building to be interviewed by members of the press (source: http://video.cnbc.com/gallery/?video=3000052954#)

 
 
 

Campain for Change: At Change.org


Useful tips on creating a successful online petition

Useful tips on creating a successful online petition (Click here to access Change.org!)

The democratic process is only as effective, as it is known and utilized. Find out more about your political, economical and social life, and become part of that process: There is safety in numbers after all! Change doesn’t have to be for worse! You don’t have to be won thru slogans and rhetoric,  but thru your right to believe that you want to do the best for your country, for your family and friends, for yourself-for the future:  As long as there is a democratic process in place, why not make the best of it? 

You, now!

Democracy at Work Here: Ralph Nader speaks to Occupy DC 10/08/11 (Reoccupy!)


Ralph Nader: A man who dedicated a life time to the American Citizen. His actions have spoke for themselves and his speech is just eloquent.

CITIBANK-Arrests people from the street and force them inside the bank: This after 25 people are arrested for closing their bank accounts: Where is the Main stream Media Reporting?


This is NYC, 555 Laguardia branch of Citibank.

CNN: Pepper spray used on demonstrators at Air and Space Museum


Pepper spray used on demonstrators at Air and Space Museum

Pepper spray used on demonstrators at Air and Space Museum (Click on picture to access and read the story at CNN)

STORY HIGHLIGHTS

About Pepper Spray

Pepper spray, also known as OC spray (from “Oleoresin Capsicum“), OC gas, and capsicum spray, is a lachrymatory agent (a chemical compound that irritates the eyes to cause tears, pain, and even temporary blindness) that is used in riot control, crowd control, and personal self-defence, including defence against dogs and bears.[1] Its inflammatory effects cause the eyes to close, taking away vision. This temporary blindness allows officers to more easily restrain subjects and permits persons using pepper spray for self-defense an opportunity to escape.

Although considered a non-lethal agent, it may be deadly in rare cases, and concerns have been raised about a number of deaths where being pepper sprayed may have been a contributing factor.[2]

The active ingredient in pepper spray is capsaicin, which is a chemical derived from the fruit of plants in the Capsicum genus, including chilis. Extraction of oleoresin capsicum from peppers involves finely ground capsicum, from which capsaicin is extracted in an organic solvent such as ethanol. The solvent is then evaporated, and the remaining waxlike resin is the oleoresin capsicum. An emulsifier such as propylene glycol is used to suspend the OC in water, and pressurized to make it aerosol in pepper spray. The high performance liquid chromatography (HPLC) method is used to measure the amount of capsaicin and major capsaicinoids within pepper sprays.

A synthetic analogue of capsaicin, pelargonic acid vanillylamide (desmethyldihydrocapsaicin), is used in another version of pepper spray known as PAVA spray which is used in the United Kingdom. Another synthetic counterpart of pepper spray, pelargonic acid morpholide, was developed and is widely used in Russia. Its effectiveness compared to natural pepper spray is unclear.

Pepper spray typically comes in canisters, which are often small enough to be carried or concealed in a pocket or purse. Pepper spray can also be bought concealed in items such as rings. There are also pepper spray projectiles available, which can be fired from a paintball gun. It has been used for years against demonstrators. Many such canisters also contain dyes, either visible or UV-reactive, to mark an attacker’s skin and/or clothing to enhance identification by police.

The word Mace, a registered trademark of Mace Security International, is often used synonymously with pepper spray or tear gas; Mace was one of the original manufacturers of nonlethal security sprays in the US. However, not all of their products can be considered pepper spray.

The European Parliament Scientific and Technological Options Assessment (STOA) published in 1998 “An Appraisal of Technologies of Political Control”[5] with extensive information on pepper spray and tear gas. They write:

The effects of pepper spray are far more severe, including temporary blindness which lasts from 15–30 minutes, a burning sensation of the skin which lasts from 45 to 60 minutes, upper body spasms which force a person to bend forward and uncontrollable coughing making it difficult to breathe or speak for between 3 to 15 minutes.

For those with asthma, taking other drugs, or subject to restraining techniques which restrict the breathing passages, there is a risk of death. The Los Angeles Times has reported at least 61 deaths associated with police use of pepper spray since 1990 in the USA.[6] The American Civil Liberties Union (ACLU) documented 27 people in police custody who died after exposure to pepper spray in California since 1993.[2][7][8] However, the ACLU report counts any death occurring within hours of exposure to pepper spray. In all 27 cases, the coroners’ report listed other factors as the primary cause of death, though in some cases the use of pepper spray may have been a contributing factor.[2]

The US Army concluded in a 1993 Aberdeen Proving Ground study that pepper spray could cause “[m]utagenic effects, carcinogenic effects, sensitization, cardiovascular and pulmonary toxicity, neurotoxicity, as well as possible human fatalities. There is a risk in using this product on a large and varied population”.[9] However, the pepper spray was widely approved in the US despite the reservations of the US military scientists after it passed FBI tests in 1991. As of 1999, it was in use by more than 2000 public safety agencies. ( Source: http://en.wikipedia.org/wiki/Pepper_spray)

 
 

OccupyWallStreet Sen. Sanders Owns Ben Bernanke Live about Occupy Wall Street


YOU’RE THE VOICE OF AMERICA

Students, Work unions, Marines and many other groups have joined forces with Occupy Wall Street. Do not listen to media outlets. They’re funded by Wall Street. They will never bite the hand that feeds them, never.

KEEP IT UP OCCUPY WALL STREET! THE NUMBER ARE GROWING!

Democracy Now: Update on “Occupy Wall Street” Movement


700 Arrested on Brooklyn Bridge as Occupy Wall Street Enters Third Week Protests Grows Nationwide

700 Arrested on Brooklyn Bridge as Occupy Wall Street Enters Third Week Protests Grows Nationwide (click on picture to access and read this story)

The “Occupy Wall Street” protests in the financial district took a dramatic turn on Saturday when protesters tried to march across the Brooklyn Bridge. When police arrested 700 of the demonstrators, the event quickly turned into one of the largest arrests of non-violent protesters in recent history. Some protesters claim police lured them onto oncoming traffic on the bridge’s roadway; others said they did not hear instructions from police telling them to use the pedestrian walkway. Meanwhile, similar “Occupation” protests have spread to other cities, including Chicago, Boston and Los Angeles, where hundreds of protesters are now camped out in front of City Hall. We host a roundtable discussion with Marisa Holmes, an organizer with the main organizing group of Occupy Wall Street, called the General Assembly, Marina Sitrin, an attorney who is part of Occupy Wall Street’s legal working group, and Laurie Penny, a writer and journalist who reported on protests in London earlier this summer [Transcript to come. Check back soon.]
(Source: http://www.democracynow.org/)

Wall Street Journal: Thailand Tightens Web’s Leash Censorship on the March


Wall Street Journal_Thailand Tightens Web Leash_Censorship on the March

Wall Street Journal_Thailand Tightens Web Leash_Censorship on the March ( click on the picture to continue reading the article at the Wall Street Journal)

Reckless Endangerment How Outsized Ambition Greed and Corruption Led to Economic Armageddon


 

Reckless Endangerment How Outsized Ambition Greed and Corruption Led to Economic Armageddon

Reckless Endangerment How Outsized Ambition Greed and Corruption Led to Economic Armageddon


“Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon”

A prominent Wall Street analyst predicted this week that not a single top executive at Goldman Sachs will face criminal prosecution for the company’s role in causing the financial meltdown of 2008. “I think that there is a genuine sense out there that there are two sets of rules, one for big and powerful… (Source: http://www.democracynow.org/2011/6/2/reckless_endangerment_how_outsized_ambition_greed)