Monthly Archives: September 2012

A response to Joe Nocera

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Joe Nocera writes that Occupy has neglected to engage with the “larger world”. The truth is the opposite: While we grow solidarity and unity among all oppressed people, the political establishment fails to contemplate the needs of the 99% and its most vulnerable. Instead of financial reform and accountability on Wall Street, they wage a bi-partisan attack on worker’s rights and social services. Instead of opening access to higher education and curbing pollution, they choose to throw the next generation …

Occupy: A Template for a New Kind of Leadership

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In the early days of OWS, many media outlets quickly converged on Zuccotti Park to figure out who the real “leaders” of OWS were. (I know because I was often branded as one of them.) As those of us living and working in the encampment knew, this effort was mostly fruitless because Occupy doesn’t have traditional leadership: hierarchical, top-down, representative and empowered. But it’s undeniable that there was some kind of leadership structure that existed even from the first moments of Occupy. …

It’s time for a Debt Holiday, America.

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Friends, Do you remember the buzz around Washington this time last year when a bunch of corporations were pleading – with high-priced lobbyists – to Obama and Congress to pweeeease give them a tax holiday? They claimed that allowing them to go tax-free on trillions of dollars in profits would “regenerate the economy”, “create jobs” and all of those other carrots the 1% loves to dangle in front of us. You did it in 2004, they exclaimed, now just do it again one more …

Let’s talk about “entitlement”

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Citigroup: $2.5 trillion ($2,500,000,000,000) Morgan Stanley: $2.04 trillion ($2,040,000,000,000) Merrill Lynch: $1.949 trillion ($1,949,000,000,000) Bank of America: $1.344 trillion ($1,344,000,000,000) Barclays PLC (United Kingdom): $868 billion ($868,000,000,000) Bear Sterns: $853 billion ($853,000,000,000) Goldman Sachs: $814 billion ($814,000,000,000) Royal Bank of Scotland (UK): $541 billion ($541,000,000,000) JP Morgan Chase: $391 billion ($391,000,000,000) Deutsche Bank (Germany): $354 billion ($354,000,000,000) UBS (Switzerland): $287 billion ($287,000,000,000) Credit Suisse (Switzerland): $262 billion ($262,000,000,000) Lehman Brothers: $183 billion ($183,000,000,000) Bank of Scotland (United Kingdom): $181 billion …