Distressed homeowners join anti- corporate movement

Published: 11 October, 2011, 01:15

 

The Occupy demonstrations we are seeing in cities throughout the US have encouraged diverse groups to march in the streets.

In Los Angeles, homeowners facing foreclosure loudly expressed their shared grievances of the Occupy Wall Street movement and are planning to fight back.

Ten protesters took over the lobby of a Bank of America branch in Los Angeles and were willing to get arrested in order to send a clear message to Wall Street.

“We’re here to let the banksters know, you’ve stolen all the money from the land and we want it back,” said Peggy Mears, a protester yelling through a microphone.

More than a thousand people took to the streets of Los Angeles to speak out against the nation’s biggest banks and the role they played in the financial crisis.  Protesters from Occupy Los Angeles joined the demonstration in solidarity with foreclosed homeowners and union workers, demanding that banks pay up.

Dozens of police officers, many in riot gear, were called to keep the crowd under control.

The anti corporate mobilizations, which started in New York, are spreading and now some of those most affected by the nation’s economic crisis are joining in.

Rose Gudiel received an eviction notice after falling behind on her mortgage payments.

“I’m a state worker and due to that I was furloughed and they lowered my hours so they also lowered my pay,” said Gudiel.

Gudiel also had a death in her family, which caused further financial hardship. She claims her bank refused to deal with her when she tried to renegotiate her mortgage.Gudiel was arrested during a peaceful sit in earlier in the week, but she believes that this type of political action will bring results.

“They’ve been governing our lives, our money, and just taking it,” said Gudiel. “There has to be a stand and this is the stand that you’re seeing at this point,” Gudiel added.

From struggling homeowners to the unemployed, people of all walks of life are becoming emboldened by the recent street demonstrations.

“Two years ago I lost my job due to the economic meltdown that the banks created,” said Javier Sarmiento, an unemployed homeowner.

Sarmiento used to work at an auto parts plant.  He is part of the 4.5 million people who have been unemployed for more than a year. Now, this father of two is struggling to hold on to his home.

“Wall Street created this mess and they should be held accountable,” Sarmiento said.

Diverse groups have made up the mobilizations in cities across America in recent weeks as more people become inspired to vent their frustration with our financial and political institutions.

“Dissent is the highest form of patriotism,” said Dr. Cornell West to demonstrators in downtown Los Angeles.

There is still uncertainty about whether these protests will cause direct change or whether other self-interested groups will try to capitalize on the popularity. But it appears that the financial state of the nation, has helped motivate Americans to take democracy to the streets.

Source: Russia Today

Protesters Against Wall Street

The New York Times Editorial

As the Occupy Wall Street protests spread from Lower Manhattan to Washington and other cities, the chattering classes keep complaining that the marchers lack a clear message and specific policy prescriptions. The message — and the solutions — should be obvious to anyone who has been paying attention since the economy went into a recession that continues to sock the middle class while the rich have recovered and prospered. The problem is that no one in Washington has been listening.

At this point, protest is the message: income inequality is grinding down that middle class, increasing the ranks of the poor, and threatening to create a permanent underclass of able, willing but jobless people. On one level, the protesters, most of them young, are giving voice to a generation of lost opportunity.

The jobless rate for college graduates under age 25 has averaged 9.6 percent over the past year; for young high school graduates, the average is 21.6 percent. Those figures do not reflect graduates who are working but in low-paying jobs that do not even require diplomas. Such poor prospects in the early years of a career portend a lifetime of diminished prospects and lower earnings — the very definition of downward mobility.

The protests, though, are more than a youth uprising. The protesters’ own problems are only one illustration of the ways in which the economy is not working for most Americans. They are exactly right when they say that the financial sector, with regulators and elected officials in collusion, inflated and profited from a credit bubble that burst, costing millions of Americans their jobs, incomes, savings and home equity. As the bad times have endured, Americans have also lost their belief in redress and recovery.

The initial outrage has been compounded by bailouts and by elected officials’ hunger for campaign cash from Wall Street, a toxic combination that has reaffirmed the economic and political power of banks and bankers, while ordinary Americans suffer.

Extreme inequality is the hallmark of a dysfunctional economy, dominated by a financial sector that is driven as much by speculation, gouging and government backing as by productive investment.

When the protesters say they represent 99 percent of Americans, they are referring to the concentration of income in today’s deeply unequal society. Before the recession, the share of income held by those in the top 1 percent of households was 23.5 percent, the highest since 1928 and more than double the 10 percent level of the late 1970s.

That share declined slightly as financial markets tanked in 2008, and updated data is not yet available, but inequality has almost certainly resurged. In the last few years, for instance, corporate profits (which flow largely to the wealthy) have reached their highest level as a share of the economy since 1950, while worker pay as a share of the economy is at its lowest point since the mid-1950s.

Income gains at the top would not be as worrisome as they are if the middle class and the poor were also gaining. But working-age households saw their real income decline in the first decade of this century. The recession and its aftermath have only accelerated the decline.

Research shows that such extreme inequality correlates to a host of ills, including lower levels of educational attainment, poorer health and less public investment. It also skews political power, because policy almost invariably reflects the views of upper-income Americans versus those of lower-income Americans.

No wonder then that Occupy Wall Street has become a magnet for discontent. There are plenty of policy goals to address the grievances of the protesters — including lasting foreclosure relief, a financial transactions tax, greater legal protection for workers’ rights, and more progressive taxation. The country needs a shift in the emphasis of public policy from protecting the banks to fostering full employment, including public spending for job creation and development of a strong, long-term strategy to increase domestic manufacturing.

It is not the job of the protesters to draft legislation. That’s the job of the nation’s leaders, and if they had been doing it all along there might not be a need for these marches and rallies. Because they have not, the public airing of grievances is a legitimate and important end in itself. It is also the first line of defense against a return to the Wall Street ways that plunged the nation into an economic crisis from which it has yet to emerge.

Who are THE 1%? See this complete list of the 200 Richest American

 

Rank Name Net Worth Age Residence Source
1 Bill Gates

Bill Gates

$59 B 55 Medina, Washington Microsoft
2 Warren Buffett

Warren Buffett

$39 B 81 Omaha, Nebraska Berkshire Hathaway
3 Larry Ellison

Larry Ellison

$33 B 67 Woodside, California Oracle
4 Charles Koch

Charles Koch

$25 B 75 Wichita, Kansas diversified
4 David Koch

David Koch

$25 B 71 New York, New York diversified
6 Christy Walton

Christy Walton

$24.5 B 56 Jackson, Wyoming Wal-Mart
7 George Soros

George Soros

$22 B 81 Katonah, New York hedge funds
8 Sheldon Adelson

Sheldon Adelson

$21.5 B 78 Las Vegas, Nevada casinos
9 Jim Walton

Jim Walton

$21.1 B 63 Bentonville, Arkansas Wal-Mart
10 Alice Walton

Alice Walton

$20.9 B 61 Fort Worth, Texas Wal-Mart
11 S. Robson Walton

S. Robson Walton

$20.5 B 67 Bentonville, Arkansas Wal-Mart
12 Michael Bloomberg

Michael Bloomberg

$19.5 B 69 New York, New York Bloomberg LP
13 Jeff Bezos

Jeff Bezos

$19.1 B 47 Seattle, Washington Amazon.com
14 Mark Zuckerberg

Mark Zuckerberg

$17.5 B 27 Palo Alto, California Facebook
15 Sergey Brin

Sergey Brin

$16.7 B 38 Los Altos, California Google
15 Larry Page

Larry Page

$16.7 B 38 Palo Alto, California Google
17 John Paulson

John Paulson

$15.5 B 55 New York, New York hedge funds
18 Michael Dell

Michael Dell

$15 B 46 Austin, Texas Dell
19 Steve Ballmer

Steve Ballmer

$13.9 B 55 Hunts Point, Washington Microsoft
20 Forrest Mars

Forrest Mars

$13.8 B 80 Big Horn, Wyoming candy
20 Jacqueline Mars

Jacqueline Mars

$13.8 B 71 The Plains, Virginia candy
20 John Mars

John Mars

$13.8 B 75 Jackson, Wyoming candy, pet food
23 Paul Allen

Paul Allen

$13.2 B 58 Mercer Island, Washington Microsoft, investments
24 Phil Knight

Phil Knight

$13.1 B 73 Hillsboro, Oregon Nike
25 Carl Icahn

Carl Icahn

$13 B 75 New York, New York leveraged buyouts
26 Donald Bren

Donald Bren

$12 B 79 Newport Beach, California real estate
26 Anne Cox Chambers

Anne Cox Chambers

$12 B 91 Atlanta, Georgia media
26 Ronald Perelman

Ronald Perelman

$12 B 68 New York, New York leveraged buyouts
29 Abigail Johnson

Abigail Johnson

$11.7 B 49 Milton, Massachusetts Fidelity
30 James Simons

James Simons

$10.6 B 73 East Setauket, New York hedge funds
31 George Kaiser

George Kaiser

$10 B 69 Tulsa, Oklahoma oil & gas, banking
32 Len Blavatnik

Len Blavatnik

$9.5 B 54 London, N/A diversified
33 Harold Simmons

Harold Simmons

$9.3 B 80 Dallas, Texas investments
34 Jack Taylor

Jack Taylor

$9 B 89 St. Louis, Missouri Enterprise Rent-A-Car
35 Steve Cohen

Steve Cohen

$8.3 B 55 Greenwich, Connecticut hedge funds
36 Harold Hamm

Harold Hamm

$7.5 B 65 Oklahoma City, Oklahoma oil & natural gas
37 Rupert Murdoch

Rupert Murdoch

$7.4 B 80 New York, New York News Corp
38 James Goodnight

James Goodnight

$7.1 B 68 Cary, North Carolina SAS Institute
39 Philip Anschutz

Philip Anschutz

$7 B 71 Denver, Colorado investments
39 Andrew Beal

Andrew Beal

$7 B 58 Dallas, Texas banks, real estate
39 Steve Jobs

Steve Jobs

$7 B 56 Palo Alto, California Apple, Pixar
39 Patrick Soon-Shiong

Patrick Soon-Shiong

$7 B 59 Los Angeles, California generic drugs
43 Samuel Newhouse

Samuel Newhouse

$6.6 B 83 New York, New York Conde Nast
44 Ray Dalio

Ray Dalio

$6.5 B 62 Greenwich, Connecticut hedge funds
44 Edward Johnson

Edward Johnson

$6.5 B 81 Boston, Massachusetts Fidelity
46 Charles Ergen

Charles Ergen

$6.4 B 58 Denver, Colorado EchoStar
46 Richard Kinder

Richard Kinder

$6.4 B 66 Houston, Texas pipelines
48 Eli Broad

Eli Broad

$6.3 B 78 Los Angeles, California investments
48 Leonard Lauder

Leonard Lauder

$6.3 B 78 New York, New York Estee Lauder
50 Pierre Omidyar

Pierre Omidyar

$6.2 B 44 Honolulu, Hawaii Ebay
50 Eric Schmidt

Eric Schmidt

$6.2 B 56 Atherton, California Google
52 Ralph Lauren

Ralph Lauren

$6.1 B 71 New York, New York Ralph Lauren
53 Jim Kennedy

Jim Kennedy

$6 B 63 Atlanta, Georgia media
53 Blair Parry-Okeden

Blair Parry-Okeden

$6 B 60 Scone, N/A media
55 Donald Newhouse

Donald Newhouse

$5.9 B 81 Somerset County, New Jersey Conde Nast
55 Ira Rennert

Ira Rennert

$5.9 B 77 Sagaponack, New York investments
57 Charles Butt

Charles Butt

$5.7 B 73 San Antonio, Texas supermarkets
58 David Geffen

David Geffen

$5.5 B 68 Malibu, California movies, music
59 Jeffrey Hildebrand

Jeffrey Hildebrand

$5.3 B 52 Houston, Texas Oil
60 Richard DeVos

Richard DeVos

$5 B 85 Holland, Michigan Amway
60 Richard LeFrak

Richard LeFrak

$5 B 66 New York, New York real estate
60 Frederik G.H. Meijer

Frederik G.H. Meijer

$5 B 91 Grand Rapids, Michigan supermarkets
60 Thomas Peterffy

Thomas Peterffy

$5 B 67 Greenwich, Connecticut discount brokerage
60 David Tepper

David Tepper

$5 B 54 Livingston, New Jersey hedge funds
60 Dennis Washington

Dennis Washington

$5 B 77 Missoula, Montana construction, mining
66 Robert Rowling

Robert Rowling

$4.7 B 57 Dallas, Texas investments
66 Stephen Schwarzman

Stephen Schwarzman

$4.7 B 64 New York, New York investments
66 Sam Zell

Sam Zell

$4.7 B 69 Chicago, Illinois real estate, private equity
69 Rupert Johnson

Rupert Johnson

$4.5 B 70 Burlingame, California Franklin Resources
69 John Malone

John Malone

$4.5 B 70 Elizabeth, Colorado cable television
69 John Menard

John Menard

$4.5 B 71 Eau Claire, Wisconsin Retail
72 Charles Johnson

Charles Johnson

$4.4 B 78 Hillsborough, California financial services
73 Ray Lee Hunt

Ray Lee Hunt

$4.3 B 68 Dallas, Texas oil, real estate
73 Bruce Kovner

Bruce Kovner

$4.3 B 66 New York, New York hedge funds
75 Micky Arison

Micky Arison

$4.2 B 62 Bal Harbour, Florida Carnival Cruises
75 Leonard Stern

Leonard Stern

$4.2 B 73 New York, New York real estate
75 Daniel Ziff

Daniel Ziff

$4.2 B 39 New York, New York investments
75 Dirk Ziff

Dirk Ziff

$4.2 B 47 North Palm Beach, Florida investments
75 Robert Ziff

Robert Ziff

$4.2 B 45 New York, New York investments
80 Sumner Redstone

Sumner Redstone

$4.1 B 88 Beverly Hills, California Viacom
81 John Paul DeJoria

John Paul DeJoria

$4 B 67 Austin, Texas hair products, tequila
81 David Green

David Green

$4 B 69 Oklahoma City, Oklahoma Hobby Lobby
81 William Koch

William Koch

$4 B 71 Palm Beach, Florida oil, investments
81 Roger Wang

Roger Wang

$4 B 62 Nanjing, Jiangsu retail
85 Leslie Wexner

Leslie Wexner

$3.8 B 74 New Albany, Ohio retail
86 Henry Kravis

Henry Kravis

$3.7 B 67 New York, New York leveraged buyouts
86 Gordon Moore

Gordon Moore

$3.7 B 82 Woodside, California Intel
88 Robert Bass

Robert Bass

$3.6 B 63 Fort Worth, Texas oil, investments
88 Jin Sook & Do Won Chang

Jin Sook & Do Won Chang

$3.6 B 56 Beverly Hills, California retail
88 Trevor Rees-Jones

Trevor Rees-Jones

$3.6 B 60 Dallas, Texas Oil & Gas
91 John Arnold

John Arnold

$3.5 B 37 Houston, Texas hedge funds
91 Dustin Moskovitz

Dustin Moskovitz

$3.5 B 27 San Francisco, California Facebook
91 Henry Ross Perot

Henry Ross Perot

$3.5 B 81 Dallas, Texas computer services, real estate
91 John Sall

John Sall

$3.5 B 63 Cary, North Carolina SAS Institute
91 Charles Schwab

Charles Schwab

$3.5 B 74 Atherton, California discount brokerage
96 Dannine Avara

Dannine Avara

$3.4 B 47 Houston, Texas pipelines
96 Gayle Cook

Gayle Cook

$3.4 B 77 Bloomington, Indiana medical devices
96 Scott Duncan

Scott Duncan

$3.4 B 28 Houston, Texas Pipelines
96 Milane Frantz

Milane Frantz

$3.4 B 42 Houston, Texas Pipelines
96 Bruce Halle

Bruce Halle

$3.4 B 81 Paradise Valley, Arizona Discount Tire

96 George Roberts

George Roberts

$3.4 B 68 Atherton, California leveraged buyouts
96 Randa Williams

Randa Williams

$3.4 B 50 Houston, Texas Pipelines
103 Ann Walton Kroenke

Ann Walton Kroenke

$3.3 B 62 Columbia, Missouri Wal-Mart
103 Ronald Lauder

Ronald Lauder

$3.3 B 67 New York, New York Estee Lauder
103 Ted Lerner

Ted Lerner

$3.3 B 85 Chevy Chase, Maryland real estate
103 Patrick McGovern

Patrick McGovern

$3.3 B 74 Hollis, New Hampshire media
107 Leon Black

Leon Black

$3.2 B 60 New York, New York private equity
107 Ron Burkle

Ron Burkle

$3.2 B 58 London, N/A supermarkets, investments
107 Paul Tudor Jones

Paul Tudor Jones

$3.2 B 56 Greenwich, Connecticut hedge funds
107 Stanley Kroenke

Stanley Kroenke

$3.2 B 64 Columbia, Missouri sports, real estate
107 George Lucas

George Lucas

$3.2 B 67 San Anselmo, California Star Wars
107 John A. Sobrato

John A. Sobrato

$3.2 B 72 Atherton, California real estate
107 Steven Udvar-Hazy

Steven Udvar-Hazy

$3.2 B 65 Beverly Hills, California aircraft leasing
114 Barbara Piasecka Johnson

Barbara Piasecka Johnson

$3.1 B 74 Monte Carlo, N/A Johnson & Johnson
114 Terrence Pegula

Terrence Pegula

$3.1 B 60 Boca Raton, Florida natural gas
114 Stephen Ross

Stephen Ross

$3.1 B 71 New York, New York real estate
117 Riley Bechtel

Riley Bechtel

$3 B 59 San Francisco, California engineering, construction
117 Stephen Bechtel

Stephen Bechtel

$3 B 86 San Francisco, California engineering, construction
117 Barbara Carlson Gage

Barbara Carlson Gage

$3 B 69 Long Lake, Minnesota hotels, restaurants
117 Martha Ingram

Martha Ingram

$3 B 76 Nashville, Tennessee book distribution, transportation
117 James Jannard

James Jannard

$3 B 62 San Juan Islands, Washington sunglasses
117 Kirk Kerkorian

Kirk Kerkorian

$3 B 94 Beverly Hills, California casinos, investments
117 Edward Lampert

Edward Lampert

$3 B 48 Greenwich, Connecticut investments
117 Marilyn Carlson Nelson

Marilyn Carlson Nelson

$3 B 72 Long Lake, Minnesota hotels, restaurants
117 Mitchell Rales

Mitchell Rales

$3 B 55 Potomac, Maryland manufacturing
117 Lynn Schusterman

Lynn Schusterman

$3 B 72 Tulsa, Oklahoma oil & gas, investments
117 Steven Spielberg

Steven Spielberg

$3 B 64 Pacific Palisades, California movies
128 Haim Saban

Haim Saban

$2.9 B 66 Beverly Hills, California television
128 Donald Trump

Donald Trump

$2.9 B 65 New York, New York television, real estate
130 Robert Friedland

Robert Friedland

$2.8 B 61 Singapore, N/A mining
130 Thomas Frist

Thomas Frist

$2.8 B 73 Nashville, Tennessee health care
130 Victor Fung

Victor Fung

$2.8 B 65 Hong Kong, N/A Retail
130 Rodney Lewis

Rodney Lewis

$2.8 B 57 San Antonio, Texas natural gas
130 Warren Stephens

Warren Stephens

$2.8 B 54 Little Rock, Arkansas investment banking
130 David Sun

David Sun

$2.8 B 59 Irvine, California information technology
130 Joan Tisch

Joan Tisch

$2.8 B 85 New York, New York diversified
130 John Tu

John Tu

$2.8 B 70 Rolling Hills, California information technology
130 Steve Wynn

Steve Wynn

$2.8 B 69 Las Vegas, Nevada casinos, hotels
139 William Conway

William Conway

$2.7 B 62 McLean, Virginia leveraged buyouts
139 Daniel D'Aniello

Daniel D’Aniello

$2.7 B 65 Vienna, Virginia leveraged buyouts
139 Malcolm Glazer

Malcolm Glazer

$2.7 B 83 Palm Beach, Florida sports teams, real estate
139 Timothy Headington

Timothy Headington

$2.7 B 61 Dallas, Texas oil & gas, investments
139 Nancy Walton Laurie

Nancy Walton Laurie

$2.7 B 60 Henderson, Nevada Wal-Mart
139 James Leprino

James Leprino

$2.7 B 73 Indian Hills, Colorado cheese
139 David Murdock

David Murdock

$2.7 B 88 Los Angeles, California Dole, real estate
139 Steven Rales

Steven Rales

$2.7 B 60 Washington, District of Columbia manufacturing
139 David Rubenstein

David Rubenstein

$2.7 B 62 Bethesda, Maryland leveraged buyouts
139 Jeffrey Skoll

Jeffrey Skoll

$2.7 B 46 Los Altos, California Ebay
139 Oprah Winfrey

Oprah Winfrey

$2.7 B 57 Chicago, Illinois Television
150 Charles Dolan

Charles Dolan

$2.6 B 84 Oyster Bay, New York cable television
150 Archie Aldis Emmerson

Archie Aldis Emmerson

$2.6 B 82 Redding, California timberland, lumber mills
150 Robert Holding

Robert Holding

$2.6 B 84 Sun Valley, Idaho oil, resorts
150 Pauline MacMillan Keinath

Pauline MacMillan Keinath

$2.6 B 77 St. Louis, Missouri Cargill Inc.
150 Cargill MacMillan

Cargill MacMillan

$2.6 B 84 Indian Wells, California Cargill Inc.
150 Whitney MacMillan

Whitney MacMillan

$2.6 B 82 Minneapolis, Minnesota Cargill Inc.
150 Daniel Och

Daniel Och

$2.6 B 50 New York, New York hedge funds
150 Igor Olenicoff

Igor Olenicoff

$2.6 B 69 Lighthouse Point, Florida real estate
150 Marion MacMillan Pictet

Marion MacMillan Pictet

$2.6 B Hamilton, N/A Cargill Inc.
159 Stanley Druckenmiller

Stanley Druckenmiller

$2.5 B 58 New York, New York hedge funds
159 Tom Gores

Tom Gores

$2.5 B 47 Beverly Hills, California private equity
159 Anthony Pritzker

Anthony Pritzker

$2.5 B 50 Los Angeles, California hotels, investments
159 Jay Robert (J.B.) Pritzker

Jay Robert (J.B.) Pritzker

$2.5 B 46 Chicago, Illinois hotels, investments
159 David Rockefeller

David Rockefeller

$2.5 B 96 Sleepy Hollow, New York Standard Oil, banking
159 Donald Schneider

Donald Schneider

$2.5 B 75 Green Bay, Wisconsin trucking
159 Alfred Taubman

Alfred Taubman

$2.5 B 87 Bloomfield Hills, Michigan real estate
166 Ray Dolby

Ray Dolby

$2.4 B 78 San Francisco, California Dolby Laboratories
166 Randal Kirk

Randal Kirk

$2.4 B 57 Belspring, Virginia pharmaceuticals
166 Julian Robertson

Julian Robertson

$2.4 B 79 New York, New York hedge funds
166 Phillip Ruffin

Phillip Ruffin

$2.4 B 76 Las Vegas, Nevada casinos, real estate
166 Ty Warner

Ty Warner

$2.4 B 67 Oak Brook, Illinois Beanie Babies
171 Nicolas Berggruen

Nicolas Berggruen

$2.3 B 50 Beverly Hills, California investments
171 Christopher Cline

Christopher Cline

$2.3 B 53 North Palm Beach, Florida coal
171 Mark Cuban

Mark Cuban

$2.3 B 53 Dallas, Texas online media
171 John Doerr

John Doerr

$2.3 B 60 Woodside, California venture capital
171 Ken Griffin

Ken Griffin

$2.3 B 42 Chicago, Illinois hedge funds
171 Tamara Gustavson

Tamara Gustavson

$2.3 B 49 Malibu, California self storage
171 Amos Hostetter

Amos Hostetter

$2.3 B 74 Boston, Massachusetts cable television
171 H. Wayne Huizenga

H. Wayne Huizenga

$2.3 B 73 Fort Lauderdale, Florida investments
171 H. Fisk Johnson

H. Fisk Johnson

$2.3 B 53 Racine, Wisconsin SC Johnson & Sons
171 Imogene Powers Johnson

Imogene Powers Johnson

$2.3 B 81 Racine, Wisconsin SC Johnson & Sons
171 S. Curtis Johnson

S. Curtis Johnson

$2.3 B 56 Racine, Wisconsin SC Johnson & Sons
171 Helen Johnson-Leipold

Helen Johnson-Leipold

$2.3 B 54 Racine, Wisconsin SC Johnson
171 Winnie Johnson-Marquart

Winnie Johnson-Marquart

$2.3 B 52 Virginia Beach, Virginia SC Johnson & Sons
171 Peter Kellogg

Peter Kellogg

$2.3 B 69 Short Hills, New Jersey investments
171 A. Jerrold Perenchio

A. Jerrold Perenchio

$2.3 B 80 Bel Air, California television
171 Richard Rainwater

Richard Rainwater

$2.3 B 67 Fort Worth, Texas real estate, energy, insurance
171 Ronda Stryker

Ronda Stryker

$2.3 B 57 Portage, Michigan medical technology
188 Peter Buck

Peter Buck

$2.2 B 80 Danbury, Connecticut Subway Restaurants
188 Jack Dangermond

Jack Dangermond

$2.2 B 66 Redlands, California mapping software
188 Fred DeLuca

Fred DeLuca

$2.2 B 63 Fort Lauderdale, Florida Subway Restaurants
188 Philip Falcone

Philip Falcone

$2.2 B 49 New York, New York hedge funds
188 Bill Gross

Bill Gross

$2.2 B 67 Laguna Beach, California investments
188 William Randolph Hearst

William Randolph Hearst

$2.2 B 62 San Francisco, California Hearst Corp
188 Diane Hendricks

Diane Hendricks

$2.2 B 64 Afton, Wisconsin roofing
188 Henry Hillman

Henry Hillman

$2.2 B 92 Pittsburgh, Pennsylvania investments
188 Mary Alice Dorrance Malone

Mary Alice Dorrance Malone

$2.2 B 61 Coatesville, Pennsylvania Campbell Soup
188 George Mitchell

George Mitchell

$2.2 B 92 The Woodlands, Texas oil & gas
188 William Wrigley

William Wrigley

$2.2 B 47 Lake Forest, Illinois chewing gum
188 Mortimer Zuckerman

Mortimer Zuckerman

$2.2 B 74 New York, New York real estate, media
200 Lee Bass

Lee Bass

$2.1 B 55 Fort Worth, Texas oil, investments

Occupy Wall Street Spreads To Ireland

 

The protest movement Occupy Wall Street that has spread across the United States in recent days has now spilled across the Atlantic to Ireland.

“Occupy Dame Street,” inspired by OWS, camped out Saturday on the Dublin street where the Central Bank of Ireland is located.

According to The Irish Times online, some 80 people occupied the street on Saturday with banners, posters, and the slogan, “We are the 99 percent.”

Notifications from the Irish Architecture Foundation on the gates of the Central Bank Saturday read: “TOURS OF CENTRAL BANK HAVE BEEN CANCELLED DUE TO SECURITY REASONS WE APOLOGISE FOR ANY INCONVENIENCE CALLED.”

In a press release posted on Facebook October 3, the “occupation” defined itself as having taken inspiration from OWS and resistance in the Arab world that became known as the Arab Spring.

#OccupyDameStreet is one of dozens of sister occupations in the current movement initiated by Occupy Wall Street (occupywallst.org). This is a peoples initiative unaffiliated to any political parties. Like OWS, this is a “leaderless resistance movement” with people of many nationalities, backgrounds, genders and political persuasions. We will utilise tactics of non-violence and civil disobedience, akin to scenes of peaceful resistance in Tahrir Square during the Egyptian Uprising – part of the wider Arab Spring.

But unlike some OWS-related protests in the United States, Occupy Dame Street outlined several initial demands for the people of Ireland, whose beleaguered economy — currently under an International Monetary Fund and European Union support program — has been downgraded several times by ratings agencies, as recently as July. The program is set to end in late 2013.

ODS demanded that the International Monetary Fund and European Central Bank “stay out of our affairs.”

An organizing force behind Occupy Dame Street, “Real Democracy Now Ireland,” is advertising an open forum and demonstrationOctober 15. The path is set from the Garden of Remembrance — dedicated to all those who have lost their lives “in the cause of Irish Freedom” to Jervis Square.

The group, which identifies itself as the “Irish movement for peaceful action to demand Real Democracy Now!”, also holds a weekly open assembly.

The protest in front of the Central Bank continued Monday and will remain –- peacefully –- “as long as it takes,” according to reports, though Real Democracy posted that ODS had requested the donation of rain gear and blankets to withstand Ireland’s typical blustery weather.

“PLEASE SUPPORT,” an associated comment on the group’s Facebook page stated, “THAT MISTY RAIN WITH ADDED WIND IS TOUGH.”

Source: Huffington Post

Take Back Chicago Rally Expected To Bring Thousands To City Streets

What started out as a small but devoted group of Occupy Chicago protesters has grown in recent weeks–and an event being held Monday afternoon could finally bring national attention to what is happening on the streets of Chicago.

Take Back Chicago will bring organizations such as Stand Up Chicago, Occupy Chicago, National People’s Action, the Jewish Council on Urban Affairs, the Chicago Teachers Union, the Chicago Federation of Labor, the SEIU, Chicago Jobs With Justice, Action Now, the Illinois Hunger Coalition, Southside Together Organizing For Power, Chicago Coalition for the Homeless and the Lakeview Action Coalition together for five separate feeder marchers that will converge into a giant rally.

Organizers say their goal is to “begin taking back the jobs, homes, and schools stolen from us by the greed of big banks and big business.” They also hope to draw attention to the “bad actors” of the financial industry. Housing advocates will meet outside the
Hyatt Regency Hotel, where the Mortgage Banker’s Association 98th Annual Convention and Expo is taking place.

The rally comes after Occupy Chicago released a list of demands, calling on the federal government to repeal the Bush tax cuts, investigate and prosecute “Wall Street criminals,” overturn the Citizens United vs. U.S. ruling, among other requests.

“When we join our voices with organized labor on Monday, believe me, they’ll hear my demands,” Occupy Chicago’s Tom Hawk said in a statement. “It’s time to take back power from the greedy 1%, funding school and job programs for the 99% of Americans left behind by the country’s fiscal policy.”

Occupy Chicago held “Peacekeeper/Civil Disobedience Training” Monday morning, and some participants are expecting arrests.

As Progress Illinois reports, U.S. Rep. Jan Schakowsky is expected to participate in the housing march and speak to the crowd about the foreclosure crisis. MoveOn.org will also lead a march with college students and activists “to rally for the reinvestment of ‘corporate welfare’ in education and local communities.”

More than 7,000 people are expected to attend the rally, which kicks off at 4 p.m., according to organizers. One jobs march will depart from Federal Plaza (Adams and Dearborn), the other jobs march will depart from Daley Plaza (Washington and Dearborn), the homes march will kick off at the Hyatt Regency (Wacker and Stetson) and the schools marches take off from the Hilton (Balbo and Michigan) and the Chicago Board of Trade (Jackson and LaSalle).

Stay tuned to HuffPost Chicago for more coverage of the Take Back Chicago rally and Occupy Chicago.

Happening Now: Kanye West Is At Occupy Wall Street

If there’s one man who can bring credibility to the Occupy Wall Street protests, surely it is the author of“Golddigger” and “Flashing Lights.” According to Russell Simmons, Kanye West is “on his way to #occupywallstreet.”

Our time spent in Zuccotti Park leads us to believe that the two are outside the Burger King on the west side of the park. We’ll update as more information is available, but isn’t Kanye West (even moreso than Simmons) considered part of the 1%?

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