Tag Archives: New York

Global Debt (Recession)

19 Oct
European penny drops as more banks need more bailouts while the public debt clock ticks up to $40 trillion.  

 

View the global debt clock here: http://www.economist.com/content/global_debt_clock

 

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock shows the global figure for all (or almost all) government debts in dollar terms.

Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as the Greek government did in early 2010, and the country can be plunged into imminent crisis. So the higher the global government debt total, the greater the risk of fiscal crisis, and the bigger the economic impact such crises will have.

“The Whole World Is Watching! The Whole World Is Watching!”

7 Oct

Sign Petition

Does that chant sound familiar? It’s what the crowd at Occupy Wall Street began crying 2 nights ago when a police officer began swinging his baton into the crowd without provocation, and police allegedly pepper sprayed journalists.
Sign our letter with CREDO to NYC Mayor Mike Bloomberg and the NYPD: trampling on protesters is not acceptable in Cairo or New York. Let’s protect the constitutional rights of the brave Occupy Wall Street patriots, not desecrate them.
We just broke 100,000 signatures on our letter for a good reason: Americans know the NYPD shouldn’t beat ’em – it should join ’em.
Thank you for all you do to make this movement real.

Sincerely,
John Sellers, The Other 98%
Want to support our work? We have a tiny staff ensuring your donations go a long way. You can chip in here.

#OccupyWallStreet and the #Climate Movement

7 Oct
I’m writing from New York City, where the Occupy Wall Street movement is taking off.
What started as a small group of young people with a vague call to action is evolving into something truly inspiring — and our crew at 350.org is excited to support this nascent movement.
Here’s what Bill McKibben had to say about “The 99%” who are Occupying Wall Street — and how climate change fits into the picture:
Bill McKibben and the climate movement stand in solidarity with #occupywallst

(Can’t see the image above? Click here)

Let’s show the activists in New York (and in cities all over the country and the world) that the climate movement stands in solidarity with them. Share this image on Facebook, post it on Twitter, and consider joining a local “occupation” near you. Engage in dialogue and join the conversation that is shaping one of the most exciting grassroots movements in recent memory.

It’s hard to believe that just 10 days ago, I was in the afterglow of Moving Planet, sorting through inspirational photos from people all over the world who were moving beyond fossil fuels. The images were powerful, and they fired me up for whatever came next.

What came next was the Occupy Wall Street movement. In the last two weeks it has grown from something small, local, and overlooked by the media into something massive, global, and unignorable. There are now non-violent protests springing up in hundreds of cities, and stories of “the 99%” are dominating headlines everywhere. No one knows exactly what it will become — but it has the potential to be a true game-changer.

 

We now face exciting questions: what can we all do to support and expand this groundswell? And how might Occupy Wall Street’s amazing energy further embolden the climate movement?

The answers to these questions are starting to become clear. Two days ago I joined a crew of passionate climate activists in Manhattan to march with tens of thousands of people as part of Occupy Wall Street. The demands from the crowd were varied, but it all boils down to this: just about every problem we now face — from foreclosures to the climate crisis — is made worse by unchecked corporate greed and a corrupt political process. As I marched through the city, it struck me that naming (and acting on) the root causes of the world’s biggest problems is precisely what this moment demands.

 

In the coming weeks, we’ll be zeroing in on the root causes of the climate crisis, and focusing on the iconic battles in the fight for our planet’s future. In the near term, we’ll be focused on stopping the proposed Keystone XL tar sands pipeline–a key fight where corporate corruption and environmental justice collide. If we can stop the pipeline we’ll send a resounding message across the country: that it’s time for the health of our communities and our planet to come before the profits of Wall Street and big polluters. President Obama will decide by the end of the year on whether to approve the pipeline, and we’ll be scaling up our activism to keep the pressure on.

From Wall Street to Washington DC to cities across the country, big things are coming together, and there are ways for people everywhere to join in. You can go to TarSandsAction.org to get plugged into the fight to stop the Keystone pipeline, and OccupyTogether.org to find out more about joining the 99%.

The next phase of these movements will be a sprint, not a marathon. It’s an honor to be running it with all of you.

 

Onwards,

 

Phil Aroneanu

 


MORE INFO ON OCCUPY WALL STREET AND THE KEYSTONE PIPELINE


350.org is building a global movement to solve the climate crisis. Connect with us on Facebook and Twitter, and sign up for email alerts. You can help power our work by getting involved locally and donating here.
What is 350? Go to our website to learn about the science behind the movement.

Occupy Wall Street: Support the Movement

4 Oct
I Am USAction
Help make our economy work for the 99 percent, not the 1 percent

 

We Stand with the Wall Street Occupiers!

We stand with the Wall Street Occupiers
Join us on Wednesday. Or
click here to join our “virtual occupation” of Wall Street.

add your voice

The Occupy Wall Street movement is gaining momentum. Americans are fed up with how Wall Street subverts democracy to further its own financial interests at the expense of middle class American workers, and the protests filling the streets of New York are getting noticed nationwide.

 

It’s time for you to join in. Wednesday, USAction and other prominent progressive groups are staging a massive march in New York in support of the Occupy Wall Street movement.

 

We’re standing with the Wall Street occupiers. Will you? If you cannot make it to New York, you can click here to find or plan an occupation event near you.
Or, if you can’t skip work on Wednesday, click here to join our “virtual occupation” and show your support online.

 

Occupations are springing up all over the country as Americans battle to restore democracy and renew the American Dream.

 

During the recession we were told these Wall Street institutions were “too big to fail,” but now we realize the only failure we should fear is not taking back our democracy.

 

Please stand with us on Wednesday.

 

Sincerely,
David Elliot
USAction/TrueMajority

 

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Occupy The Planet

27 Sep

!!!OCCUPY YOUR CITY!!! Find Your City: http://occupytogether.org/OCCUPY TOGETHER: a hub for all of the events springing up across the country in solidarity with Occupy Wall St. As we have followed the news on facebook, twitter, and the various live feeds across the internet, we felt compelled to build a site that would help spread the word as more protests organize across the country. We hope to provide people with information about events that are organizing, ongoing, and building across the U.S. as we, the 99%, take action against the greed and corruption of the 1%.

 

We will try our best to provide you with the most accurate information possible. However, we are just a few volunteers and errors are bound to occur. Please be patient as we get this site off the ground and populated and please contact us if you have any info on new events, corrections, or suggestions for this site. You can contact us at info[at]occupytogether[dot]org.

 

We will only grow stronger in our solidarity and we will be heard, not just in New York, but in echoes across this nation.

 

Important note: Occupy Together will never ask for any monetary donations. We suggest that, if you want to donate monetarily, that you visit this site to help those who currently Occupy Wall St.

Huge event in Washington DC October 6. http://october2011.org/

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