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News Occupy Wall Street protest in New-York

  1. Sep 25, 2011 #1
    New-York is in second week of Occupy Wall Street protests. Around 5,000 Americans came to Wall Street on September 17. Occupation continues till now, although new-york times reports arrests of 80 people.
    http://www.msnbc.msn.com/id/44656667/ns/us_news-life/#.Tn-17tSfTks
    http://www.guardian.co.uk/commentisfree/cifamerica/2011/sep/19/occupy-wall-street-financial-system
    http://cityroom.blogs.nytimes.com/2...as-financial-district-protest-moves-north/?hp
    https://occupywallst.org/

    So, new-yorkers that are members of the physics forum, can you tell us more about what is going on in your city?
     
  2. jcsd
  3. Sep 25, 2011 #2

    Evo

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    Staff: Mentor

    Just shows that you can gather a group to do anything, doesn't need to be coherent.
     
  4. Sep 25, 2011 #3

    Pengwuino

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    Gold Member

    Sorry, I have a job.
     
  5. Sep 25, 2011 #4
    I guess it might be a sign of youths' disappointment with the things happening lately in the U.S. ...

    There was an interesting article recently,
    "Could world social unrest hit America's streets?"
    http://www.bbc.co.uk/news/magazine-14978876

    Bloomberg quote: "You have a lot of kids graduating college, can't find jobs".

    What I find most interesting that Bloomberg saw it coming.
     
  6. Sep 25, 2011 #5
    We'll see how motivated they are in a few weeks - when it snows.
     
  7. Sep 25, 2011 #6
  8. Sep 25, 2011 #7

    Evo

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    Staff: Mentor

  9. Sep 25, 2011 #8
    so he's comparing himself to Mubarak? i find that interesting.
     
  10. Sep 26, 2011 #9
    When a redress of grievances fails because the ones to whom you're appealing lack the integrity to make the necessary adjustments or corrections, people will start taking the gloves off.

    Hey, it's the foundation of our country. Not exactly a foreign concept:

    "That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government," - U.S. Declaration of Independence

    Hopefully, our government can fix itself. I'm not holding my breath.
     
  11. Sep 26, 2011 #10
    Ok, that was pretty funny.
     
  12. Sep 27, 2011 #11
    I think their first mistake is comparing the blight in the US to that of Egypt, Spain, and Greece.

    IMO: even at our 'worst' we're still doing better than those three countries at their peaks overall.

    Some college grad with an English BA not getting a 60k/yr job right away and not being able to afford an iPhone every 6months is not a blight.
     
  13. Sep 27, 2011 #12
    It's not really going to accomplish anything, but I suppose I agree with their sentiment.
     
  14. Sep 27, 2011 #13
    my bold

    It's reality.
     
  15. Sep 27, 2011 #14
    Things are far worse for many people than you imply.

    The ranks of America's poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades.
    http://news.yahoo.com/census-us-poverty-rate-swells-nearly-1-6-142639972.html

    For example, the poverty level for 2011 was set at $22,350 (total yearly income) for a family of four.
    http://en.wikipedia.org/wiki/Poverty_in_the_United_States
     
  16. Sep 27, 2011 #15
    I'm not clear on the health coverage concern - perhaps the protest should be taking place outside of the White House, Harry Reid's or Nancy Pelosi's offices? They could have done anything they wanted - didn't need a Republican votes. my bold

    "The share of Americans without health coverage rose from 16.1 percent to 16.3 percent — or 49.9 million people — after the Census Bureau made revisions to numbers of the uninsured. That is due mostly to continued losses of employer-provided health insurance in the weakened economy.
    Congress passed a health overhaul last year to deal with rising numbers of the uninsured. While the main provisions do not take effect until 2014, one aspect taking effect in late 2010 allowed young adults until age 26 to be covered under their parents' health insurance.
    Brett O'Hara, chief of the Health and Disability Statistics branch at the Census Bureau, noted that the uninsured rate for adults ages 18 to 24 declined last year — from 29.3 percent to 27.2 percent. It was the only age group which posted a decrease. "For the change in uninsured, the law change certainly could be a factor," he said.
    The median — or midpoint — household income was $49,445, down 2.3 percent from 2009"
     
  17. Sep 27, 2011 #16
    Even at ~15% we're within a few percent of historic lows of poverty. (according to wikipedia - it's never gotten below 11% and has been much higher) The Wiki article even notes that some in Europe laugh at what Americans call 'poverty' - specifically noting that many impovershed Americans have a full set of appliances while Europeans in poverty might have an old tv and a hot plate (and a Euro in poverty that owns a car is a rarity).

    I equate blaming the banks for poverty like blaming a gun for a shooting death. Is it the gun's fault, or the individual that pulled the trigger? In this case, the banks were only an enabler - the overextension of many American families pulled the trigger. The banks are tools, no different than a gun - used improperly, people can suffer. Overstated or not, this is really just a whinefest. Besides, if these protesters were serious about improving the situation - they'd be out looking for a job or donating their own time to someone in need. Protests are inherently selfish as they are calling for someone else to act.
     
  18. Sep 28, 2011 #17
    Nonsense. The government set up a situation, with the help of the banks, to allow people on wall street loot and pillage the American economy. CEOs and hedge fund managers made out like bandits as they brought the strongest economy in the world to its knees.

    This doesn't make sense at all. First, how does a few thousand people spending their time looking for jobs "improve the situation?" They might be able to improve their own situation slightly, but how does that improve the state of the nation as a whole?

    Secondly, OF COURSE protesters are calling on somebody else to act. It's because THEY CAN'T ACT. They're not elected members of the government. They can't set regulations or change the tax code. It's absolutely absurd to pretend that they can.
     
  19. Sep 28, 2011 #18
    Because it's not clear what they want...

    As per the OP (msnbc) "Demonstrators said Saturday that they are protesting bank bailouts, the mortgage crisis and Georgia's execution of Troy Davis. They said the protests were inspired by demonstrations in Egypt and Spain.
    The marchers carried signs spelling out their goals. "Tax the rich," one sign said. "We Want Money for Healthcare not Corporate Welfare," read another."


    I've concluded they must want a repeal of Obamacare and capital punishment? They must also want the Solyndra case prosecuted? As for the tax the rich - they must be very happy with current tax policy whereby the top 10% of all earners pay the majority of income taxes and families making under $50,000 per year are considered (everyone doesn't qualify) for re-distributions of the rich people's taxes?
     
  20. Sep 28, 2011 #19
    so is the forum consensus that these are just a bunch of dirty hippies?
     
  21. Sep 29, 2011 #20
    Has no one besides maybe Jack21222 seen Inside Job? It's pretty clear why they are protesting.

    The movement is disorganized, sure, but some of the concrete demands I've seen out of OWS are reinstating Glass-Steagull, and overturning Citizens United v. Federal Election Commission.

    Not unreasonable demands.
     
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