Categories: protests

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on January 08

Misreading college majors: How Art History Powers the Economy (View, Postrel) Beware narcissistic CEOs: The Ego Has Landed (WSJ) 12 years to close the gap: Shrinking Job Opportunities (Hamilton...

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on January 02

The rich seek refuge: New Art Buyers Boost 2011 Sales to $1.7 Billion (Bloomberg) Occupy's Rose Parade float: 70-foot octopus of corporate greed (LA Times) Resolutions: Saving the New...

Sympathy for the Successful: Billionaires Bite Back

Posted by: Dan Beucke on December 21

A story from Bloomberg's Max Abelson yesterday noted the opening of a media counter-offensive by the 1 percent against what many of them believe are unwarranted attacks on wealth,...

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on December 18

Occupy Rome: Roman Empire more equal than the U.S. (Marginal Revolution) "Story ends badly": China's Local Government Debts Dwarf Official Data (Bloomberg) Feel-good story: Anonymous donors pay off Kmart...

China's Wealth Disparity Erupts in Wukan Protests

Posted by: Dan Beucke on December 16

The Occupy Wall Street protests in the U.S. are a delayed reaction to a bursting property bubble, which led to a jobs crisis and rising anger over financial influence...

Bonuses Dive, Stocks Tank: Goodbye Income Gap?

Posted by: Dan Beucke on December 14

2011 is ending with a clunk for Masters of the Universe. Charlie Gasparino of Fox Business just Tweeted: "Sources at BOFA's Merrill unit say execs are bracing for some...

Welcome to the Income-Gap Capital of the U.S.A.

Posted by: Dan Beucke on December 12

At the height of the Occupy Wall Street protests, some critics pointed out that the lower-Manhattan camp was misplaced in that it missed the real seats of financial power:...

The Wealth Watch: 10 Must-Read Links

Posted by: Dan Beucke on December 10

Occupy campus recruiting: An Orange and Black Eye for 2 Banks (DealBook) From a rich American: Rich People Don't Create Jobs (Blodget, Business Insider) Post-grads' lament: Trapped by $50,000...

Obama: I Don't Hate the Millionaire Next Door

Posted by: Dan Beucke on December 07

Here's one way to interpret President Obama's speech yesterday in Osawatomie, Kansas: It's his attempt to tie together the loose-knit complaints of the 99% -- against wealth accumulation by the...

No Tents = No Cameras = No Audience = No Occupy

Posted by: Mark Gimein on December 07

Three weeks ago, when New York City evicted the protesters from Zuccotti Park, it was not immediately clear what the outcome of the raid would be. I wrote in...

Tuesday Morning Wealth Watch

Posted by: Dan Beucke on December 06

Ask the birds: What makes a rogue trader? (FT, HT/The Big Picture) Hurt feelings?: It's Tone, Not Taxes, a Tycoon Tells Obama (Dealbook, NY Times) It's a Wonderful Lie:...

The Income Gap Grows -- As Does the Spouse Gap

Posted by: Dan Beucke on December 05

The gap between rich and poor is growing, and not just in the U.S. The latest report on the topic from the Organization for Economic Cooperation and Development tells...

Monday Morning Wealth Watch

Posted by: Dan Beucke on December 05

Advice from the 1%: Lever Up, Drop Out (Lewis, View) Powerball payoff: Hedge fund lottery winners donate $1M for veterans (AP) Black college major choices: 'Opting Out' (Inside Higher...

Weekend Wealth Watch

Posted by: Dan Beucke on December 03

Jobs and 2012: Democrats, GOP Seize on Competing Narratives (NY Times) Why 8.6%=bad news: A Note on the Unemployment Rate Drop (Brad DeLong) 8% more to go: Home Prices...

Friday Morning Wealth Watch

Posted by: Dan Beucke on December 02

Surprise: U.S. Jobless Rate Unexpectedly Declines to 8.6% (Bloomberg) Finding Community at OWS: All the Angry People (New Yorker) Don't say "capitalism": Teaching the GOP to talk about OWS...

Thursday Morning Wealth Watch

Posted by: Dan Beucke on December 01

Occupied on the inside: On Wall Street, Some Express Quiet Outrage (DealBook) Young Analyst To 99%: 'The Finance Industry Is A Complete Scam' (Business Insider) Forget job creators: The...

The Strangest History Of Apple Ever

Posted by: Mark Gimein on November 30

Reading Debt: The First 5,000 Years, the history of the economics and ethics of debt by David Graeber, I stumbled on one of the oddest histories of Silicon Valley...

Wednesday Morning Wealth Watch

Posted by: Dan Beucke on November 30

Occupy LA, Philly: Police Raids Clear Camps (Bloomberg) Shadow of Assange: OWS and Advantages of a Leaderless Movement (NY Magazine) Peer pressure: At Top Colleges, Anti-Wall St. Fervor Complicates...

Tuesday Morning Wealth Watch

Posted by: Dan Beucke on November 29

$100 billion IPO: Why Greedy Stockholders Could Hurt Facebook (TechCrunch) "Crony capitalism": How Paulson Tipped Hedge Funds to GSE Plan (Bloomberg) More, please: Bloomberg Report Exposes the Fed Doing...

Monday Morning Wealth Watch

Posted by: Dan Beucke on November 28

Occupy LA: Police and Los Angeles protesters skirmish (Reuters) Secrets of the Fed: Banks Made $13B on Undisclosed Loans (Bloomberg) 2012=1968?: How OWS could consume Obama (NY Magazine) A...

Weekend Wealth Watch

Posted by: Dan Beucke on November 27

To leave or stay in LA: Some vow civil disobedience at midnight (LA Times) 5 PM deadline: Occupy Philadelphia weighs options (Philly Inquirer) Protest becomes performance: The Man Behind...

Black Friday, Pepper Spray, and Holiday Shopping Myths

Posted by: Dan Beucke on November 25

It's now official: 2011 will go down as the Year of Pepper Spray. First, the incidents of police spraying Occupy demonstrators in New York and at UC Davis. And...

Friday Morning Wealth Watch

Posted by: Dan Beucke on November 25

Cuff loan approvers?: America's Modern-Day Debtor's Prison (McArdle, Atlantic) Big plans: Protesters Look for Ways to Feed the Web (NY Times) Forget college: 9 Hot Blue Collar Jobs (The...

Wednesday Morning Wealth Watch

Posted by: Dan Beucke on November 23

Low value-added: What's the Contribution of the Financial Sector? (Naked Capitalism) "Homogeneously high-skilled": The Great Work Divide (McArdle, Atlantic) $30 camcorders: Stores Bow to Shoppers on Black Friday (Bloomberg)...

Finding the Humor in Occupy Wall Street

Posted by: Dan Beucke on November 22

Before "Saturday Night Live," before "Animal House," there was "Lemmings" -- a biting 1973 Off-Broadway musical satire about Woodstock and the peace movement. Written by young comic geniuses from...

Tuesday Morning Wealth Watch

Posted by: Dan Beucke on November 22

Unoccupied: Wave of Layoffs Hits Wall Street (Bloomberg) Pepper-spray apology: Angry UC Davis protesters confront chancellor (SF Chronicle) "Modern-day debtor's prison": Debtor Arrests Criticized (WSJ) Home of the 1%:...

Beyond UC Davis, Worse Tactics Than Pepper Spray

Posted by: Mark Gimein on November 21

This weekend, videos of the pepper spraying of protesters at UC Davis went viral. Many students captured a police officer, Lieutenant John Pike, directing the pepper spray canister at...

Monday Morning Wealth Watch

Posted by: Dan Beucke on November 21

Bizarro Supercommittee: A Neverending Cycle of Dysfunction (Atlantic) Goodbye, growth: The supercommittee's real failure isn't on the deficit (Klein, WashPost) Lobbyist: Banks should "undermine" Occupy protesters (MSNBC, HT/ Business...

Weekend Wealth Watch

Posted by: Dan Beucke on November 20

UC Davis, call for restraint: Too Much Violence, Pepper Spray (Atlantic) UC Davis reactions: The Moral Power of an Image (Fallows, Atlantic) The near-poor: Older, Suburban and Struggling (NY...

OccupyTheInternet.com*: The OWS Digital Land Grab

Posted by: Suzanne Woolley on November 18

While Occupy[fill-in-the-blank]ers are being rousted from camps in the U.S. and abroad, there's a digital land grab underway. Godaddy.com has sold 5,200 domain names with "occupy" in them from September...

Friday Morning Wealth Watch

Posted by: Dan Beucke on November 18

March on Wall Street: Clashes, 240 Arrests Mark 'Day of Action' (NY Times) Going mobile: Occupy Wall Street's new tactics (NY Magazine) "The consumer is an income stream": Why...

Occupy Wall Street After 2 Months: A Scorecard

Posted by: Dan Beucke on November 17

It began on Sept. 17 with a few hundred people gathering in lower Manhattan. The protest -- against banks, moneyed influence in Washington, corporate power, and a host of...

Fighting Your Way To The NYSE

Posted by: Micha Rondeau on November 17

Producer Micha Rondeau is directing Bloomberg TV's coverage of today's march on the New York Stock Exchange and protesters' return to Zuccotti Park. While arrests were made, few cameras...

Thursday Morning Wealth Watch

Posted by: Dan Beucke on November 17

Live coverage: Occupy Wall Street's day of action (Guardian) Subways, stock exchange: New York City Protesters on the March (Bloomberg) Dennis Gartman: God bless income disparity (FT Alphaville) Tick:...

OWS: Simple as You Want It to Be

Posted by: Dan Beucke on November 16

At the tail end of a long interview with Betty Liu on Bloomberg TV today, AIG Chairman Steve Miller was asked what he thought of Occupy Wall Street's criticism...

In Zuccotti Park, Tents Are Gone, People Stay

Posted by: Mark Gimein on November 16

The Occupation is dead. Long live the Occupation! Just before one o'clock this morning, less than 20 hours after Zuccotti Park was cleared by the New York City police,...

Wednesday Morning Wealth Watch

Posted by: Dan Beucke on November 16

Now what?: Occupy Wall Street's Eviction Was a Lucky Break (Atlantic) Hold the pepper spray: After an Earlier Misstep, a Minutely Planned Raid (NY Times) Heard on the street:...

Blocked From Raid, The Media Await A Next Act

Posted by: Mark Gimein on November 15

"Those who were arrested wanted to be arrested," New York City's police commissioner told reporters after today's police raid on Zuccotti park. It's hard to know if this is...

The End Of Utopia In Zuccotti Park

Posted by: Mark Gimein on November 15

Early this morning, the police moved in to clear Zuccotti Park. Whether this was the last day for tent city is still being argued in court. Mike Bloomberg, the...

Tuesday Morning Wealth Watch

Posted by: Dan Beucke on November 15

NYC cracks down: Police Clear Zuccotti Park of Protesters (NY Times) What's next: Mayor speaks, protesters plan next move (NY Times, City Room blog) Prelude to the crackdown: Protesters...

Crackdown at Occupy Camps in Oakland, Portland

Posted by: Dan Beucke on November 14

Police in Oakland, Calif., moved in overnight to clear out the Occupy Oakland camp, hours after police in Portland, Oregon, did the same in that city. At last report...

Monday Morning Wealth Watch

Posted by: Dan Beucke on November 14

Perfect timing: Is Congress trading stock on inside information? (60 Minutes, CBS) Capitol gains: Congress and stocks: Does it matter? (Atlantic) Fee for all: Banks Quietly Ramping Up Costs...

Weekend Wealth Watch

Posted by: Dan Beucke on November 12

Chef takes heat: Bankers Blast Batali; Others Say 'Leave Mario Alone!' (Bloomberg) Sandy Weill's $88 million downsizing: Occupy This, OWS (Greiff, Bloomberg View) Back at ya: Occupy Wall Street...

Unemployment for Young Vets: 30%, and Rising

Posted by: Dan Beucke on November 11

On Veterans Day in America, it's sobering to realize just how badly the job market has turned against the men and women who fought in Iraq and Afghanistan. Their...

Occupy Wall Street, Day 56

Posted by: Dan Beucke on November 11

Margaret Brennan of Bloomberg Television provides a quick roundup of OWS news from, where else, the New York Stock Exchange floor. Here's some more context on the first two...

Friday Morning Wealth Watch

Posted by: Dan Beucke on November 11

J.C. Penney takes a stand: Thanksgiving as Day to Shop Meets Rejection (NY Times) Congrats, you made the 10Q: OWS Gets CME Group's Attention (Footnoted.org) Bad day for OWS:...

Thursday Morning Wealth Watch

Posted by: Dan Beucke on November 10

Bobby Bailout, Flash Cash: Meet OWS's Mysterious Finance Committee (NY Magazine) Down the sewer: Jefferson County in Biggest Municipal Bankruptcy (Bloomberg) Bragging rights: Ultra Wealthy in U.S. to Outnumber...

In Zuccotti Park, Supplying the Occupying Army

Posted by: Kenzie Delaine on November 10

Bloomberg reporter Kenzie Delaine and producer Annmarie Hordern go inside the Zuccotti Park donation center, where 200 to 400 boxes of supplies for the protesters arrive each day. Distributing...

Even Bankers Think Bankers Are Paid Too Much

Posted by: Mark Gimein on November 07

A popular take on those who work in finance is that they don't care about the income gap and would just as soon tell the poor to shove off....

Monday Morning Wealth Watch

Posted by: Dan Beucke on November 07

Lending bubble: China Credit Squeeze Spurs Suicides, Violence (Bloomberg) What caused the crisis? The Big Lie goes viral (The Big Picture) Do I hear 10 years?: The Trials of...

Weekend Wealth Watch

Posted by: Dan Beucke on November 05

How long?: Occupy Wall Street Protest Reaches a Crossroads (NY Times) Occupy My Wallet: Moving Money Off Wall Street (Bloomberg PF) Plight of the puppeteer: Not From the Onion...

Friday Morning Wealth Watch

Posted by: Dan Beucke on November 04

Residents' revolt: Calls grow for Mayor Bloomberg to act on protest camp (Guardian) No $12 million severance: Corzine Resigns From MF Global (NY Times) Today's tepid jobs report: A...

Thursday Morning Wealth Watch

Posted by: Dan Beucke on November 03

Port shut down: Protest in Oakland Turns Violent (NY Times) Occupying Jamie Dimon: Occupy Seattle swoops in on JPMorgan CEO (LA Times) Portrait of Scott Olsen: Veteran's journey from...

Yes, There Will Be A Student Loan Bailout

Posted by: Mark Gimein on November 02

When will the student loan bailout happen? And more important, will it be students who get bailed out, lenders or both? If you think it's too early to be...

Misery is the River of the World

Posted by: Dan Beucke on November 01

If you're out of work and see that prices are rising, you have every right to feel miserable. And there's a chart for that: the misery index (above) --...

OWS Does Halloween

Posted by: Kenzie Delaine on November 01

Bloomberg videographer Kenzie Delaine recorded Occupy Wall Street demonstrators dressed up as vampire bankers, bleeding bank customers, and zombie billionaires as they marched at the New York City Annual...

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...