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Posts Tagged ‘occupy wall street’

Think Progress- By Pat Garofalo  on Feb 2, 2012 at 10:30 am

Back in November, the Occupy Wall Street movement inspired “Bank Transfer Day,” a day for Americans fed up with the actions of the nation’s biggest banks to move their money to a different institution. Initial estimates of the impact of Bank Transfer Day placed the number of accounts moved at around 600,000, but later estimates revised that downward to around 200,000.

However, new estimates from Javelin Strategy and Research, a research and consulting firm, show that the original numbers were closer to the truth. Javelin found that 5.6 million people have moved their bank accounts in the last 90 days, with 610,000 citing Bank Transfer Day as their reason:

Bank Transfer Day and the Occupy Movement have received tremendous attention, and for the first time we have market research data to measure the impact on the financial services industry. Javelin’s research estimates that 5.6 million U.S. adults with a banking relationship changed providers in the past 90 days. Of those switchers, 610,000 US adults (or 11% of the 5.6 million) cited Bank Transfer Day as their reason and actually moved their accounts from a large to a small institution.

Javelin noted that this pace of account closing is three times the normal rate. While 11 percent of people moving their accounts cited Bank Transfer Day, one quarter said they moved their money because their old institution charged too many fees. Account closures at Bank of America, the nation’s second largest bank, actually jumped 20 percent in the fourth quarter of last year, potentially driven by the bank’s ill-fated decision to implement a $5 monthly fee for its debt cards.

According to the consulting firm cg42, the nation’s 10 biggest banks could lose as much as $185 billion in deposits this year due to customer defections. Of those banks, “Bank of America is the most vulnerable and could lose up to 10% of its customers and $42 billion in consumer deposits.” (HT: Business Insider)

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The Root

By: Sheryl Huggins Salomon | Posted: October 16, 2011

Cornel West arrested (NCFTV)Update on Monday, October 17 at 3:25 p.m.: A spokesperson for Dr. Cornel West told The Root that following a court appearance this afternoon he was released from jail.

Update: According to a message retweeted on Cornel West’s Twitter page, “Dr. Cornel West will be spending the night behind bars and is ordered to appear in court Monday at 1 p.m. EST.”

The Root

CNN actually reported on this today…

“Over the weekend, 19 more people were arrested in Washington, D.C., by Supreme Court police, while over 90 were taken into police custody in New York.”

However, it was conspicuously obscure, and didn’t mention Dr. West, who they did a previous personal interview with.

Methinks the corporate media is afraid that the Tea Baggers might synpathasize with the movement.

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The Invisible 99%: Sunday Morning Talk Shows Ignore Occupy Wall Street

PoliticsUSA October 2, 2011

By Jason Easley

The five Sunday morning talk shows on CBS, Fox, CNN, NBC, and ABC devoted zero segments with zero guests to Occupy Wall Street today. To the media inside the Beltway, the 99% do not exist.

A day after over 700 protesters were arrested during a march over the Brooklyn Bridge, the five network Sunday morning news shows virtually ignored the story. The only program that the arrests were even mentioned on was ABC’s This Week, “More than 700 demonstrators protesting corporate greed, among other issues, were arrested last night on the Brooklyn Bridge in New York City. The grassroots movement has swamped Wall Street for more than two weeks now.”

What was more important than thousands of Americans taking to the street to protest greed and corruption?

CNN’s State of the Union spent their time allowing Dick and Liz Cheney to rewrite the history of both 9/11 and the invasion of Iraq. Fox News and This Week were hyping up the latest corporate media creation, the revived presidential candidacy of Herman Cain. The media created the rebirth of Cain story after the candidate won a non-binding Florida straw poll, which became a story after the corporate media decided that the meaningless poll did in fact, mean something.

The other media generated story is the speculation over a potential Chris Christie 2012 presidential campaign. All the talk shows spent some time talking about Christie even though he isn’t even running. CBS’ Face The Nation trotted out John McCain to talk about Chris Christie, Libya, and DADT, and Meet The Press gave us a couple of governors and a roundtable discussing the 2012 election.

More

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Money For Nothing…

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Occupy Portland is a nonviolent movement for accountability in the United States government. At 12PM on October 6th, 2011 we will assemble at Tom McCall Waterfront Park, 1020 Southwest Naito Parkway in Portland, OR.

We will gather in solidarity with the ongoing protest in New York City, Occupy Wall Street, and the growing number of cities whose people will no longer sit back watching corporate and special interests run their government. We are citizens of the United States, and this country is ours. We will take it back.

It is no longer enough to vote and to participate in the political system because our political system has been altered drastically from its intended and proper function. Currently, we are allowed to pick from a few candidates whose campaigns are funded more and more by large organizations, corporations, and special interests. The success of their campaigns depends largely on how the corporate mass media presents them. When our elected officials enter office they then pander to the small groups responsible for their election. Even good men and women cannot make real improvements that benefit the American people.

We are one city in a growing national movement of people who no longer feel that their government works in their best interest. We will assemble on October 6th to demonstrate peaceful, substantive democracy and work for real change.

More from MoveOn.org

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MEDIAite

by Alex Alvarez | 9:21 pm, September 28th, 2011
» 181 comments Filmmaker Michael Moore, who continues his vigil at the ongoing Occupy Wall Street protest in lower Manhattan, dropped in on The Last Word to let host Lawrence O’Donnell know how things are going.

Moore kicked things off by giving a synopsis of what the protest is not about:

We’re not down here to support Senate bill 2567. We’re beyond that. They had their chance a long time ago to try and fix this. They didn’t fix it because they’re in the pocket of these people down here on Wall Street. So this is not about supporting some piece of legislation or “let’s get behind some politician.”

“It’s not about ‘policy wonkness’ or ‘Beltway bullshit,’” he continued, to the delighted soundless clapping of those around him. He also noted that he cannot believe he lives in a country where people on Wall Street haven’t had to face a single arrest while 100 peaceful protesters are arrested.

“Well, you live in a country where that kind of thing has to be protested and is being protested,” offered O’Donnell. He then turned the conversation over to a question he’d received on Twitter — a question that many have had since the protest’s inception: “I wonder if mmoore could articulate some specific, tangible goals 4 this protest, as I’ve yet 2 hear any & really would like to.” Indeed, @leenie909!

Moore said that this protest is unlike others because “there’s no membership form, there’s no one person who comes in here and says ‘Now this is our agenda and this is the way it ought to be!”

He also added that there were a whole variety of Americans participating (even “Ron Paul people”), and that they had strength in numbers:

This is our country. We’re the majority. The majority. We’re the majority. Never forget that, that the people who work for a living in this country, we are the people. Not the people up here who are taking people’s pensions and their bank accounts and ruining it and destroying their lives. They are not running this country anymore. They think they are, but that’s gonna come to an end right now.

Have a look at the video, via MSNBC. And please take note of the “Fox News camera person” behind Moore:

source: MEDIAite

Video credits: thesecretstore

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