Archives: October 2011

Will 'Generational War' Replace 'Class War'?

Posted by: Dan Beucke on October 31

It's looking dicey for the Congressional "super committee" that's charged with slicing $1.2 trillion from the federal budget. If it falls on its face, as many people believe, expect...

What's The Moral Price Of The IPhone?

Posted by: Mark Gimein on October 31

Usually, "art" is art and "journalism" is journalism. When the two meet, it's rarely on the same stage. An exception is the work of monologuist Mike Daisey. In a...

Monday Morning Wealth Watch

Posted by: Dan Beucke on October 31

Update: Broker-dealer gone bust: MF Global Files for Bankruptcy Protection (Bloomberg) Arrests update: Recapping A Clash Between Denver Police and Protesters (Atlantic) Bankers as black hats: In The Halls...

David Graeber In His Own Words

Posted by: Mark Gimein on October 30

The subject of this week's Businessweek's cover story is David Graeber, the anthropologist who is--well, as writer Drake Bennett explains, not exactly the spokesman or leader of the Zuccotti...

Weekend Wealth Watch

Posted by: Dan Beucke on October 29

On second thought: Wells Fargo Cancels $3 Monthly Debit-Card Fee (Bloomberg) Foreclosure mill's ghoulish party: What the Costumes Reveal (NY Times) From Iran's Greens: 10 ways OWS can Excel...

Occupy Wall Street Comes to Park Avenue

Posted by: Dan Beucke on October 28

On Friday, Occupy Wall Street marched north. Long before the marchers arrived, knots of New York City police could be seen in front of just about any financial office...

MTV Explains 'True Life: I'm Occupying Wall Street'

Posted by: Dan Beucke on October 28

Stephen K. Friedman, president of MTV Networks, was on Bloomberg Television today explaining how the once-music, now reality-show network came up with the idea for its new series on...

On Google, OWS Beats The Tea Party

Posted by: Mark Gimein on October 28

It's well known that Google knows a whole lot about us, but less known that they're pretty good about letting us know what they know. Bloomberg News reporter Esmé...

Friday Morning Wealth Watch

Posted by: Dan Beucke on October 28

Occupy the world: Why Many in China Sympathise with Occupy Wall Street (The Atlantic) Behind the mask: David Graeber, the Anti-Leader of Occupy Wall Street (BusinessWeek) He's not alone:...

On The Suppression Of Protest And Debate

Posted by: Mark Gimein on October 27

The aim of this blog is, as for all of Bloomberg Businessweek, to give readers an understanding of business and the economy. Its title is "Occupy Wall Street: The...

Occupy Wall Street, Kent State, and Chicago

Posted by: Dan Beucke on October 27

Depending on your point of view, the Occupy Wall Street movement may be 1968 -- or 1970 -- all over again. And this week may mark the point where the...

Thursday Morning Wealth Watch

Posted by: Dan Beucke on October 27

Oakland and elsewhere: Cities Begin Cracking Down on 'Occupy' Protests (NY Times) Casualty report: Veteran Scott Olsen Could Be First To Die At a Protest (Business Insider) Political fallout:...

60 Wall Street: The Real Headquarters Of OWS

Posted by: Mark Gimein on October 26

The scrum of Zuccotti Park defines the media image of the Wall Street protests. A maze of police barricades, signs, and the mass of tents and soup kitchens, a...

Arrested: 1 Ex-Goldman Director, 2,511 Protesters

Posted by: Mark Gimein on October 26

The world is calling for the heads of bankers, and the FBI has delivered them Rajat Gupta. He's not precisely a banker, but Gupta did sit on the board...

NYC Restaurant Struggles With OWS Barricades

Posted by: Dan Beucke on October 26

Wednesday Morning Wealth Watch

Posted by: Dan Beucke on October 26

'It sounded like bombs': Police Fire Tear Gas at Protesters in Oakland (NY Times, The Lede) Where the jobs are: Earn $2,000 a night as a boomtown stripper (CNN...

The Misery Of The 98th Percentile

Posted by: Mark Gimein on October 26

The Congressional Budget Office released its report on trends in household income Tuesday afternoon, concluding that (drumroll) since 1979 income has risen much faster at the top than lower down...

Occupy Wall Street and the Housing Crisis

Posted by: Dan Beucke on October 25

Can Occupy Las Vegas tap into homeowner anger? It's an intriguing question that gets to how sustainable the OWS movement can be as it spreads out of downtown New York...

Will A Robin Hood Tax Fix The World Economy?

Posted by: Mark Gimein on October 25

The Robin Hood Tax is a levy on financial transactions that would be charged on trading in instruments from stocks to exotic derivatives. The tax (RHT for short, or,...

Tuesday Morning Wealth Watch

Posted by: Dan Beucke on October 25

Links from across the income gap: The 20 percent plan: Perry calls for major spending and tax cuts (Washington Post)No tax break left behind: The Little Bit of Big Government...

Ms. Rand, Meet Singapore. Mr. Hayek, Meet Norway.

Posted by: Mark Gimein on October 24

Is rising inequality the price of rapid economic growth? Advocates of deregulation often argue that the increasing concentration of wealth is driven by greater rewards going to innovators and...

Monday Morning Wealth Watch

Posted by: Dan Beucke on October 24

Random links to enrage or reaffirm faith in capitalism, depending on your point of view: How Mitt Romney remade Corporate America: The Romney Economy (New York) IRS closes in on...

Did We Come To Report Earnings? Or To Bury Them?

Posted by: Mark Gimein on October 24

Last week, as Occupy Wall Street was occupied with Wall Street's misdeeds, Wall Street itself was occupied with earnings. These have proved so opaque that if the financial press ended...

A Protest The Media Was Waiting For

Posted by: Mark Gimein on October 22

Last night I went down to Zuccotti Park.* Getting there now means navigating a maze of police barricades. "People are stupid, they don't know what's going on down there," one...

What Does Wall Street Really Think of OWS?

Posted by: Dan Beucke on October 22

"They have a right to be angry" has become the new "let me first say I'm not a jerk" -- a way for someone to inoculate themselves on the touchy...

Follow the Monet

Posted by: Dan Beucke on October 21

As the Occupy protesters spread out, the targets of their rage become increasingly specific. Planned protests today forced House Majority Leader Eric Cantor to cancel a speech at the Wharton...

Is There A Management Bubble?

Posted by: Mark Gimein on October 21

One of the most prominent thinkers on income in the United States is Berkeley's Emmanuel Saez, a French trained economist who, with his collaborator Thomas Picketty, has done some...

It's Hard Out Here for a Banker

Posted by: Dan Beucke on October 21

Bad enough there's a howling mob outside your bedroom window, or that those protesters are messing with your bid for an 18th-Century soup plate. Now bankers are being forced to...

Who Are The Top 1%? Or The Top 1/1000 Of 1%?

Posted by: Mark Gimein on October 21

"We are the 99%" is the iconic rallying cry of the Occupy Wall Street movement, but it leads naturally to a question: just how much of the top 1% does...

We Demand a List of Your Demands

Posted by: Dan Beucke on October 21

A recurring theme of OWS coverage and commentary is the search for the movement's demands. In the absence of specifics, Paul Krugman suggested, "it's really the job of policy intellectuals...

What South Carolina Says About Zuccotti Park

Posted by: Mark Gimein on October 21

A strange thing about Wall Street is that it's in some ways a bad vantage point from which to look at what's driving the economy. A good way to see...

OWS: Jump-the-Shark Watch

Posted by: Dan Beucke on October 20

When Occupy Wall Street launched on a Saturday in September, it was roundly ignored by most everyone who wasn't actually there. Now you can't turn on the TV or read...

About

"The Wealth Debate" is a running discussion of wealth, poverty, the economy and income inequality in the U.S. and the world. It was started shortly after the Occupy Wall Street movement sparked a global protest about the fallout from the financial crisis and money in politics. You can reach the editors, Dan Beucke and Mark Gimein, by email, or follow BloombergNow on Twitter to keep up with posts.

Analyses or commentary in this blog are the views of the author and or commentators, and do not necessarily reflect the views of Bloomberg News.

BW Mall - Sponsored Links

Buy a link now!