Barackface: Wall Street

Showing posts with label Wall Street. Show all posts

Friday, March 23, 2012

The Right To Peaceful Assembly In New York City

Occupy Wall Street protesters have taken over Zuccotti Park as a base of operations. (Photo credit: Wikipedia)It blows my mind that Zuccotti Park is private. It absolutely blows my mind. While we are at it why don't we privatize Central Park as well? Maybe The Donald will buy it. What about Prospect Park? I mean. Isn't there a budget deficit or something? What are parks for?

This city needs to buy back Zuccotti Park at the earliest, like this year. And give it to the Occupy people. The Occupy people put New York City on the world map last year like nobody and nothing else. That has to be honored. It is called saying thank you.

Ends up there is no right to peaceful assembly in New York City. There is a right to peaceful assembly in New York City just like there is a right to free speech in Syria. Assad was asked about free speech a few years back. He said, there is free speech in Syria. As long as people are respectful and decent in what they say. Otherwise you will have chaos, he said. Imagine that. Chaos.

There are people in this city who think the Occupy people doing their 24/7 thing in Zuccotti Park last year was chaos. Do they smell? They asked. It took a Time magazine to see the Occupier's worth, and people running this city still don't get it.

And this city is supposed to be the progressive capital of the world? I am not feeling it. I am not feeling the love.

10 million people joining a Facebook group could not have done what 200 people camping out 24/7 in Zuccotti Park did. It had to happen in person. It had to happen 24/7. It needed to happen in a public place.

Friday, November 18, 2011

Somewhere To Start

Day 50 Occupy Wall Street November 5 2011 Shan...

Image by david_shankbone via Flickr(1) A second term for Barack Obama, with a super majority in the Senate and a majority in the House in exchange for total campaign finance reform within the first 100 days of his second term. If that is not delivered, launch a new third political party. This is me saying 2012 is about The Agenda, not Barack Obama.

(2) Wealth Equity Tax of 10% on all corporations with a valuation over a billion dollars.

(3) Nationalize Zuccotti Park.

Jeff Sachs: New York Times: The New Progressive Movement: Following our recent financial calamity, a third progressive era is likely to be in the making. This one should aim for three things. The first is a revival of crucial public services, especially education, training, public investment and environmental protection. The second is the end of a climate of impunity that encouraged nearly every Wall Street firm to commit financial fraud. The third is to re-establish the supremacy of people votes over dollar votes in Washington....... The progressive era took 20 years to correct abuses of the Gilded Age. The New Deal struggled for a decade to overcome the Great Depression, and the expansion of economic justice lasted through the 1960s. The new wave of reform is but a few months old. ...... The young people in Zuccotti Park and more than 1,000 cities have started America on a path to renewal. The movement, still in its first days, will have to expand in several strategic ways. Activists are needed among shareholders, consumers and students to hold corporations and politicians to account. Shareholders, for example, should pressure companies to get out of politics. Consumers should take their money and purchasing power away from companies that confuse business and political power. The whole range of other actions — shareholder and consumer activism, policy formulation, and running of candidates — will not happen in the park..... To put it simply: tax the rich, end the wars and restore honest and effective government for all....... Finally, the new progressive era will need a fresh and gutsy generation of candidates to seek election victories not through wealthy campaign financiers but through free social media. A new generation of politicians will prove that they can win on YouTube, Twitter, Facebook and blog sites, rather than with corporate-financed TV ads. By lowering the cost of political campaigning, the free social media can liberate Washington from the current state of endemic corruption. .... A new generation of leaders is just getting started. The new progressive age has begun.

Tuesday, November 15, 2011

Occupy Zuccotti: The Eviction

Day 31 Occupy Wall Street October 16 2011 Shan...

Image by david_shankbone via Flickr(1) I am not alarmed.
(2) The operation was well done, well executed.
(3) It was the wrong thing to do.
(4) New York City should take pride in the fact that something that started in a small park in this city has spread across the world. Liverpool takes pride in The Beatles.
(5) There will be a regrouping.
(6) The eviction was top news on Google News for an entire day. It probably still is. The Occupy people could not have thought of a better way to spread their message around the country, around the world. An operationally well executed plan was a political defeat, if the purpose was to calm down the Occupy movement.
(7) The movement has to rethink, regroup, and do one better.

(8) It is not within this or any other mayor's power to address the concerns of the movement. The mayor does not have a political solution. The movement is above the mayor's pay scale. The movement is not asking the mayor for the solution. No city official can address.
(9) This movement is out of the box thinking. It is stepping out. It is saying the entire system is dysfunctional. Something fundamental is not working.
(10) The movement can sleep outdoors if it wants to. Why not? The right to peaceful assembly does not end when the sun sets.

(11) The movement has to go through some introspection.
(12) Public acts are important. 200 people in 200 basements hammering away on social media sites could not have had one millionth the impact. Of course Zuccotti Park mattered. That 24/7 character has to be brought back. (Occupy Wall Street Could Legitimately Go Indoors)
(13) Nonviolence is the only option.
(14) My favorite part of the movement so far has been individuals writing out on placards explaining what makes them part of the 99%. That has to be magnified.

(15) Mass actions like literally shutting down Wall Street and crossing the Brooklyn Bridge in ways that disrupt traffic might be great ways to get old media attention and magnify the message, but they go beyond my personal comfort level for now.
(16) But then financial bad behavior on Wall Street over the past decade was not exactly within your comfort level either.
(17) I wish the movement worked harder to achieve more sophisticated levels of organization.
(18) Isolated incidents of possible criminal behavior, or in one case suicide, would be a lame excuse to shut down the movement. There are murders taking place in New York City every day. Should the city be shut down?

(19) Message.
(20) Organization.
(21) The movement will take a few months to take both of those to the next level. The mayor wants debates. There will be debates.

The Occupy movement is not a mirror image of the Tea Party. To say it is to suggest Charlie Rangel is a modern day MLK. The Occupy movement competes with acts by MLK. It is a modern day movement, completely crowd sourced.

Occupy The World
Occupy Wall Street Could Legitimately Go Indoors
Occupy
The Conversation Is The Revolution
Tahrir Square In America

Sunday, November 13, 2011

Occupy The World

Day 43 Occupy Wall Street October 29 2011 Shan...

Image by david_shankbone via FlickrOccupy America has to be first and foremost about total campaign finance reform. I was Barack Obama's first full time volunteer in New York City. And I staunchly believe in the guy's reelection. But I have tried to see the Occupy movement for what it is and I have been open to options that might or might not be best for Barack Obama's political party. (A Multi Party System For America) But I believe 2012 has to be about The Agenda. The agenda is total campaign finance reform and progressive taxation (Sales Tax, Wealth Equity Tax) within 100 days of Barack Obama's second term. To that end giving him a second term, a super majority in the Senate and a majority in the House might be the best way. (Occupy Wall Street: My Idea Of Obama 2012) But that can be no blank check. The Occupy movement has to spell out the agenda by the summer of 2012.

Occupy China, Occupy Russia, Occupy Iran All Over Again

The Occupy movement can achieve globally what guns and tanks can not. The Occupy movement can end all wars for all times. You do that by turning all countries into democracies through peaceful protests. And once that goal is achieved, by achieving rule of law between countries. The UN General Assembly has to be reorganized and turned into a true global parliament.

Occupy Wall Street Could Legitimately Go Indoors
Occupy
The Conversation Is The Revolution
Tahrir Square In America

Sunday, November 06, 2011

Occupy Wall Street Could Legitimately Go Indoors

Image via WikipediaI say take it to a church basement nearby. Or two, or three. Cap the number of people that can spend the night there. 200 is good enough. Know who those 200 are. Have a line. Process people. Spending a night should be a badge of honor.

The glory is not in braving the winter outdoors. The glory is in channeling the online communication.

Occupy Wall Street is the national nerve center, it is the global nerve center for the movement. I think taking it indoors and getting it better organized would be a great move to make.

Come back out into the park in about four months or five.

Staying put in the park would be the best option. But moving it to a church basement would also be a legitimate option.

A Multi Party System For America
Occupy Wall Street: My Idea Of Obama 2012
Occupy
Sales Tax, Wealth Equity Tax
The Conversation Is The Revolution
Tahrir Square In America

Monday, October 24, 2011

A Multi Party System For America

Image via WikipediaTwo party is still multi party. Two is not one. Two is more than one. But a two party system is not a true multi-party system.

Yesterday I drew an end game scenario for the Occupy Wall Street movement: Occupy Wall Street: My Idea Of Obama 2012.

A more ambitious scenario would be where the movement emerges as a third party in American politics. Step one still would be about turning America into a one person, one vote democracy. But then a departure would take place.

2012 would be too early for the movement to seek a presidency of its own, but 2016 might be a ripe time.

This could happen fast.

A three party system would bring greater political innovation.

Occupy
Sales Tax, Wealth Equity Tax
The Conversation Is The Revolution
Tahrir Square In America

Sunday, October 23, 2011

Occupy Wall Street: My Idea Of Obama 2012

Occupy
Sales Tax, Wealth Equity Tax
The Conversation Is The Revolution
Tahrir Square In America

There are people who are saying Occupy Wall Street will not survive the New York winter. They obviously don't know the difference between a political movement and a camping trip. This is no camping trip.

This thing is just getting started. Within a month this movement has gone national, has gone global.

I want to emphasize. This is not about seeking confrontations with the police. The police are part of the 99%. All they want is information. They want to know beforehand if you are going to come out into the streets. Tell them.

The Occupy movement is about finding one public space in every town, every city, and then filling it up to capacity - in New York I believe that number is 1,000 - and maintaining that number by having people camp out in rotation. You are looking for volunteers who will show up for one 24 hour period and then will stay on stand by after that. The more people you can thus "process" the better. Because all such "processed" people will join the online army. People who have been there, done that will be more enthusiastic.

If the number is 1,000 in New York City, in a small town that number might be 50, or even 20. That would work.

The important thing is for all such occupations to stay connected to each other. Create a Twitter account. Create a Facebook page. Create a YouTube channel. Create a LiveStream page.

The ultimate idea is to occupy the first 100 days of the Obama administration in 2013. And then we can go home.

Stay at capacity. If the capacity in Zuccotti Park is 1,000 people, stick to 1,000 people. Have people sign up online. There likely will be a core group of about 30 people, but even that core group can rotate.

Do march. It is important to come out into the street. But inform the NYPD beforehand. One march a month would work. And one big march next summer. Summer of 2012. A million strong march into Central Park from all parts of the city, into one big convergence.

The number one agenda item is to take money out of politics and to turn America into a one person, one vote democracy that it is not today. Total campaign finance reform. The rest follow from that.

Keep the White House. Take back the House. Acquire a super majority of 60 plus in the Senate. And demand that Obama and Pelosi carry out the agenda during the first 100 days of 2013.

Occupy Wall Street also is to do with the global spread of democracy. We have to uproot one dictator after another. We can do it.

Stay connected. Stay communicated. The conversation is the revolution.

(1) Total campaign finance reform.
(2) Universal health.
(3) Universal, lifelong education.
(4) Global democracy.
(5) A Global Marshall Plan.

(6) End the Bush tax cuts.
(7) A wealth equity tax. The American people, represented by the US federal government, own 10% of every company that has a market value over a billion dollars.

(8) Put up 20 satellites at a cost of $400 million each to ensure universally global broadband, ad supported. As long as people anywhere can buy/borrow/share/receive hardware - laptop/tablet/smartphone - and are willing to watch ads, they have broadband. This 20 billion will be recouped. This is an investment, not an expense.

Monday, October 17, 2011

Occupy

Image via WikipediaCongregate. Do not disrupt. This is about getting together, peacefully, amicably, almost in a celebratory way.

This is not about disrupting traffic. This is not about preventing people from going to work. This is not about seeking confrontations with the police.

It has to stay completely nonviolent. It has to become super, duper organized. It has to be sophisticated.

Occupy one public space in each city, each town where people camp out around the clock. If the space's capacity is 1,000 people, stay at 1,000 people. Get people to participate in rotation. So one person might clock in for one 24 hour period to be replaced by another person who signed up to be there.

The occupation can not end until the fundamental fabric of the democracy has been impacted. The goal is one person, one vote democracy. The insane people running the banks on Wall Street threw the bus into the ditch and gave the world the Great Recession. Now they want to go back to their same old ways. That is not an option.

We want a new architecture for global finance. And so the occupation has to continue. It has to grow. It has to grow on all continents. It has to grow from one city to many cities. It has to go to every town, every city. Maybe you are a small town, and your public space will only hold 50 people, and that is okay.

The thing is, we are all connected. The occupation in one town is connected to the occupation in every other town. Each city is connected to every other. This is a global movement, a national movement.

It has to stay nonviolent. It has to stay intelligent. It has to be about the conversation. The mass, public action is about the conversation. For every person camped out at a park, there are 1,000 people and more participating online. That online "occupation" is as real as it gets. These are real people with real opinions, with real challenges, real political weight.

This movement is about roping in more and more people into the conversation.

Sales Tax, Wealth Equity Tax
The Conversation Is The Revolution
Tahrir Square In America
America And Europe Need To Learn From Japan
This Woman Is Dynamo
The Mini Me Stimulus Bill Lacks Imagination

Wednesday, October 12, 2011

The Conversation Is The Revolution

Tahrir Square In America
Occupy America

Democracy in America is ripe for a quantum jump. Total campaign finance reform has to be enacted in America. Because democracy is meant to be one person one vote.

Turning a dictatorship into a democracy is a quantum jump. There are parallels.

Both involve congregating. Large masses of people congregating.

When a country is already a democracy like America is, violence will not be seen. Most disruptions will also be avoided. The message takes some time to gel, and even then stays evolving.

So far the Occupy Wall Street movement has exhibited an amazing mastery of social media. Actions are piped out. Voices come streaming back in. There is conversation.

That conversation itself is the revolution. It has to last many months.

Until fundamental change is brought about to the very fabric of this democracy people have to stay put. Total campaign finance reform, universal health, universal, lifelong education.

Monday, October 03, 2011

Tahrir Square In America

Image via Wikipedia

Nick Kristof: New York Times: The Bankers And The Revolutionaries: The “Occupy Wall Street” movement has taken over a park in Manhattan’s financial district and turned it into a revolutionary camp. Hundreds of young people chant slogans against “banksters” or corporate tycoons. ...... “Occupy Wall Street” was initially treated as a joke, but after a couple of weeks it’s gaining traction. The crowds are still tiny by protest standards — mostly in the hundreds, swelling during periodic marches — but similar occupations are bubbling up in Chicago, San Francisco, Los Angeles and Washington. David Paterson, the former New York governor, dropped by, and labor unions are lending increasing support. ....... I tweeted that the protest reminded me a bit of Tahrir Square in Cairo, and that raised eyebrows....... The protesters are dazzling in their Internet skills, and impressive in their organization. The square is divided into a reception area, a media zone, a medical clinic, a library and a cafeteria. The protesters’ Web site includes links allowing supporters anywhere in the world to go online and order pizzas (vegan preferred) from a local pizzeria that delivers them to the square. ...... In a tribute to the ingenuity of capitalism, the pizzeria quickly added a new item to its menu: the “OccuPie special.” ....... Where the movement falters is in its demands: It doesn’t really have any. The participants pursue causes that are sometimes quixotic — like the protester who calls for removing Andrew Jackson from the $20 bill because of his brutality to American Indians. ....... the banks socialized risk and privatized profits

London Has Become Cairo

My advice would be to stay disciplined and grow into large crowds in public places like parks. Don't hit the road, don't disrupt traffic, don't prevent people from getting to work. A massive protest in a country like America can not be like one in Egypt where right to free speech and right to peaceful assembly were not protected.

But this Occupy America movement has the option to become big, really big, and to bring about fundamental change to the American democracy. This movement has to conclude with a passage in Congress of total campaign finance reform, like Anna Hazare forced a major anti corruption bill down the Indian parliament's throat.

At some level democracy in America is a joke. It is not a one person, one vote democracy. Money plays too big a role. And the moneyed interests have hijacked the lawmaking process in Washington beyond the pale of any democratic logic.

This movement has to be about reclaiming the House. And giving Barack Obama a strong progressive agenda for the subsequent four years.

Total campaign finance reform, universal health, universal education.

This can be a movement as fundamental as the one in Egypt or Tunisia. Only here you are not seeking to bring about democracy. Here you are seeking to take an existing democracy to a whole new level.

This has to be nonviolent, non disruptive, and big, like really, really big. Gather in public parks in all towns, small and big, in all cities across America. 24-7. Until the honchos on Capitol Hill pass total campaign finance reform.

Monday, August 08, 2011

A Second Stimulus Bill Needed

Image via Wikipedia

New York Times: Second Recession in U.S. Could Be Worse Than First: the economy is much weaker than it was at the outset of the last recession in December 2007, with most major measures of economic health — including jobs, incomes, output and industrial production — worse today than they were back then. And growth has been so weak that almost no ground has been recouped, even though a recovery technically started in June 2009. ..... When the last downturn hit, the credit bubble left Americans with lots of fat to cut, but a new one would force families to cut from the bone. Making things worse, policy makers used most of the economic tools at their disposal to combat the last recession, and have few options available. ....... the four years since the recession began ...... Today the economy has 5 percent fewer jobs — or 6.8 million — than it had before the last recession began. The unemployment rate was 5 percent then, compared with 9.1 percent today..... the typical private sector worker has a shorter workweek today than four years ago...... Income levels are low, and moving in the wrong direction ...... with construction nearly nonexistent and home prices down 24 percent since December 2007, the country does not have a buffer in housing to fall back on. ..... the economy is smaller today than it was when the recession began ....... Unlike during the first downturn, there would be few policy remedies available if the economy were to revert back into recession. ....... Interest rates cannot be pushed down further — they are already at zero. The Fed has already flooded the financial markets with money by buying billions in mortgage securities and Treasury bonds, and economists do not even agree on whether those purchases substantially helped the economy. So the Fed may not see much upside to going through another politically controversial round of buying. ...... at the end of 2007, the federal debt was 64.4 percent of the economy. Today, it is estimated at around 100 percent of gross domestic product, a share not seen since the aftermath of World War II, and there is little chance of lawmakers reaching consensus on additional stimulus that would increase the debt. ...... “There is no approachable precedent, at least in the postwar era, for what happens when an economy with 9 percent unemployment falls back into recession” ...... 1937, when there was also a premature withdrawal of fiscal stimulus, and the economy fell into another recession more painful than the first ..... Corporate profits are at record highs

Even before this recession hit in 2007 China was on schedule to become the number one economy in the world by 2016. Continued policy mistakes in America might only hasten that process. There has been much self destructive behavior.

The stimulus bill was not big enough. The stimulus money was not spent fast like it needed to be to have any effect. One third of the stimulus bill was tax cuts. That was a mistake. Obama did that to get Republican votes, and no Republican voted for the bill anyway. That instead was seen as a sign of weakness and might have hastened the Republican takeover of the House.

The biggest chunk of the stimulus bill needed to go to taking all of America to one gigabit per second kind of broadband. Instead the biggest chunk of the money went to old economy stuff and to humdrum payments. Paying the unemployed is important, but paying the unemployed is not what creates the next generation of jobs.

The threat of a double dip is very real. And the one thing that can save the country is a stimulus bill.

The biggest mistake perhaps has been to apply Great Depression lessons to the Great Recession. The Great Recession is America reeling from a lack of global institutions that globalization asks for. Capital wants to go global at breakneck speeds, but the global infrastructure to make that happen is not there. The Great Depression gave us macroeconomics. The Great Recession needs to give us globoeconomics.

What is needed is massive jobs programs, massive public works programs. Send a million mentors into the inner city schools, and pay them. Send another million to whitewash the roofs across America, and pay them.

Extending the Bush tax cuts was nothing less than criminal.

New York Times: London Sees Twin Perils Converging to Fuel Riot: Frustration in this impoverished neighborhood, as in many others in Britain, has mounted as the government’s austerity budget has forced deep cuts in social services. At the same time, a widely held disdain for law enforcement here, where a large Afro-Caribbean population has felt singled out by the police for abuse, has only intensified through the drumbeat of scandal that has racked Scotland Yard in recent weeks and led to the resignation of the force’s two top commanders...... there was not long to wait until a new one erupted: across London, skirmishes broke out on Sunday between groups of young people and large numbers of riot police officers, which one officer said were drawn from forces around London. ...... In Enfield, a usually calm suburb, shop windows were smashed and debris lay in the street. In nearby Edmonton, groups of young people gathered near damaged storefronts. In Tottenham itself, roads were closed, a helicopter hovered overhead and squads of police vans swooped in to make arrests in side streets. ....... The march turned into a pitched battle between hundreds of officers, some on horses, and equal numbers of rioters, wearing bandannas and armed with makeshift weapons that included table legs and an aluminum crutch. Looting throughout northern London continued past dawn, leaving streets littered with glass. In daylight, residents emerged to survey buildings, many considered landmarks, that had been left gutted and smoldering. ........ unless endemic youth unemployment in Tottenham was curbed, “this will happen again. These kids don’t care. They don’t have to pay for this damage, we do. Working people do. What do they have to lose?” ...... many voiced concern that looters in other areas of London had been allowed to smash and steal for several hours before officers arrived. ....... Economic malaise and cuts in spending and services instituted by the Conservative-led government have been recurring flashpoints for months. ....... Prince Charles and his wife, Camilla, the Duchess of Cornwall, were attacked in their Rolls-Royce as protesters — some of whom were subsequently jailed — shouted “Tory scum,” a reference to the Conservative Party’s traditional links with the aristocracy, and “off with their heads!” In March, a reported 500,000 people marched against the cuts, with some protesters occupying the exclusive food store Fortnum & Mason — Prince Charles’s grocer. ...... one man shouted, “This is our battle!” When asked what he meant, the man, Paul Rook, 47, explained that he felt the rioters were taking on “the ruling class.” ....... As the budget cuts take hold, risk of unemployment increases and social measures like youth projects are sacrificed, Mr. Beech said, and “all logic says there will be an increase in antisocial behavior.” “Boredom, alienation and isolation are going to be factors”

Wednesday, September 08, 2010

Maloney Lied Repeatedly In Radio Debate

Image via Wikipedia

Maloney spoke a string of lies in her radio debate.

She said she does not own BP stocks, she never has. Factually correct. Her family by now has sold all BP stocks it owned. When the Maloney family owned BP stocks, it was in her late husband's name, not hers.

By that logic, Maloney's net worth is zero dollars. She has not made any money. But the truth is her net worth is 20 million dollars. A-l-l of that came from Wall Street. I don't begrudge her wealth. I wish more of the same on as many others as possible.

But to suggest your family owning BP stocks had nothing to do with your voting the Dick Cheney votes on the oil industry in the early 2000s is hogwash. This is Charlie Rangel behavior.

Maloney's 20 million dollars are relevant in that she played a key role in undoing the regulations in 1999 that made her family a lot of money but that gave America its Great Recession a decade later.

Maloney has been accused of having hosted fundraisers with Wall Street PACs right when she was working on Wall Street reform. In the radio debate she said her congressional staff did not organize those fundraisers she attended. Factually correct. But the truth is she has separate staff for fundraising. Her fundraising staff organized those fundraisers that violate the basic ethics rules of Congress. Is that a problem or is that a problem? Did Maloney lie in saying her people did not organize those two fundraisers?

This is Charlie Rangel behavior.

"She lied," Reshma Saujani said. Saujani was pointing out the obvious. But the Maloney trolls are saying for Saujani to point out that Maloney was lying borders towards the "negative."

Looking the other way while wrong is being done, is that positive? That is not positive, that is irresponsible.

Maloney has lied repeatedly.

The biggest lie though was Maloney saying she had authored "70 bills." What she did not say was she got only three of those passed, one was to do with renaming a post office.

Wall Street Journal: Maloney, Saujani In Primary Debate: "Congresswoman Maloney has failed New Yorkers. She has failed to lead, failed to offer a single new idea in this race, failed to serve responsibly and ethically," Ms. Saujani said in her opening statement. "She says that I'm running a negative campaign. Carolyn, all I'm doing is telling the truth." .... Calling for a House ethics investigation into Ms. Maloney's conduct, Ms. Saujani accused Ms. Maloney of holding fund-raisers with lobbyists for the financial-services industry while negotiating legislation to reform Wall Street..... Ms. Saujani accused her of lying: "You said that your staff and you were not involved in those two fund-raisers. I'm holding the invitations right now and they say checks can be mailed to Maloney for Congress. It's this type of lack of ethics and integrity that people are tired of." ..... Ms. Saujani was scheduled Tuesday night to hold a fund-raiser at the home of Alan Jones, managing director of Morgan Stanley.

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