Watch the Upstream Now At OccupyWallStreet.org or http://www.ustream.tv/occupyoakland Oakfoshow is new stream.
Breaking: Occupy LA Encampment Shut Down
6:25 The police in LA have shut down Occupy LA, and claim it was done non-violently and professionally. The police are praising themselves for how it was done. Some press was pushed back and denied access. Many reporters unable to witness the police actions. Demonstrators were non-violent. At least 200 arrests, police say. 1400 cops involved. Cops say no violence. Two minor uses of Violence. No Batons. No Pepper Spray. Police will fence off park. Protesters will have to make bail. Protesters charged for refusing to disperse at an illegal assembly.
Breaking: Los Angeles police dismantle Occupy protesters’ tents
More Los Angeles police officers, including dozens in white protective HAZ MAT suits, (In fear of human waste and Staph Infections) surrounded the Occupy L.A. camp on the City Hall lawn early Wednesday and began to dismantle tents and other shelters. Officers in riot gear and armed with night sticks closed off streets around City Hall. Police used bullhorns to threaten protesters with arrest. “This has been declared to be an unlawful assembly. You have seven minutes to gather your belongings and decide to leave,” one officer said. Dozens of Los Angeles Fire Department paramedics and firefighters were also standing by on sealed off downtown streets. “This is what a police state looks like!” Occupy protesters chanted at the officers in riot gear. LA Times: Three Inconvenient Truths for Occupy LA
CBS LA reports: LOS ANGELES (CBS) — Protesters allege the eviction of the Occupy L.A. encampment by city officials may be due to a scheduled shoot of the movie, “Gangster Squad.”
Sources with Occupy L.A. tell CBS2 that on Nov. 20, the location manager for the Warner Bros. film starring Ryan Gosling and Sean Penn asked Occupy L.A. members to move several portable restrooms near Spring and Main streets for a shoot scheduled for Tuesday, Nov. 29 in front of city hall.
Occupy L.A. agreed to move the restrooms but only at the studio’s expense, movement leaders said.
City of Brotherly Love
The Atlantic: “Meanwhile in Philly, several arrests have been made as police made a similar move to disperse the protesters early in the morning Wednesday. Despite some scuffles and minor injuries, it doesn’t appear as though much violence was used and most protesters left Dilworth Plaza near City Hall peacefully.”
Senate OKs Gov’t to Keep US Citizens in Military Custody, Indefinitely and Without Trial
Defying the Obama administration’s threat of a veto the Senate on Tuesday voted to increase the role of the military in imprisoning suspected members of ‘Al Qaeda’ and its allies — including people arrested inside the United States. By a vote of 61 to 37, the Senate turned back an effort to strip a major military bill of a set of disputed provisions affecting the handling of terrorism cases. The most disputed provision would require the government to place into military custody any suspected member of Al Qaeda or one of its allies connected to a plot against the United States or its allies. A related provision would create a federal statute saying the government has the legal authority to keep people suspected of terrorism in military custody, indefinitely and without trial. It contains no exception for American citizens.
Lieberman to Google: Ban Terrorist Content
In the wake of news that terror suspect Jose Pimentel was operating a jihadist Blogger site, Sen. Joe Lieberman (I-Insane-Sadly, CT) is urging Google to implement a system that bans terrorist material. Last week, Lieberman sent a letter to Google CEO Larry Page on behalf of the Senate Committee on Homeland Security and Governmental Affairs that called on Google to ramp up its efforts against terrorist material on the Blogger platform.
Oklahoma City Occupiers Arrested in Local WalMart (From Thiscan’tbehappening)
Oklahoma City – In the early morning hours of Black Friday, 10 members of Occupy OKC discovered that chanting “Buy local!” in a crowded Walmart is an arrestable offense in the United States of America.
It all started with a group of about 20-25 Occupy OKC demonstrators doing “mic checks” at several mega retailers around the Oklahoma City area open on Thanksgiving night. “We hit Best Buy, Toys `R’ Us, a Target store, and two other Walmarts between 10pm and midnight,” said Nick Saltzman, 19, one of the local occupiers who managed to avoid arrest. “It was going so well.”
That is, until the group left Oklahoma City limits and ventured into nearby Del City (recently voted “OKC’s Worst Suburb” by 41% of Lost Ogle readers.) Unlike the Oklahoma City police department, the off-duty officers working security at the Del City Walmart on Tinker Diagonal were not in a tolerant mood. …
Support for Manning in Brussels
Speaking at a press conference this morning at the European Parliament, elected officials representing a broad spectrum of political parties expressed their strong concerns about the mistreatment of accused WikiLeaks whistle-blower Bradley Manning. They released a letter signed by over 54 Members of Parliament to officials in the White House and U.S. military…
“We are troubled by reports that Mr Manning has been subjected to prolonged solitary confinement and other abusive treatment tantamount to torture.”
Quote of the Day–James Galbraith, Mother Jones:
“The remarkable thing about the American middle class is that we still have one, given the job losses, housing bust, and 401(k) wipeout of the past three years – and considering that for 35 years, politicians (and the bankers who own them) have been hammering away at middle-class institutions.”
Dissector in the Media on The Media
Commenting on NYTExaminer on what the press Is missing–today’s story: Black Friday
Press TV: OWS needs its own media to get its message out
“Schechter said that there was a tendency in the media to simplify the events and to merely look for the action and confrontations. “When there is violence, they’re there. When there’s serious demands for real change in Wall Street you can’t really read about it in most of the media. So the problem is, how do you use the media to get your message out?”
All The News Just Repeats Itself…
The news never stops and trying to keep up with it makes you crazy. I am trying to cover the coverage as well as the story. For example, the big story from IRAN seems to be an attempt at an occupation of the British Embassy, but nothing on the scale or spontaneity of the actual occupation of the US embassy with its hostage taking. I was in Iran a year ago as a judge on a film festival and visited–and wrote—about the former Embassy which activists there denounced as a “spy nest”–which is what it was. That action was part of a revolution. The current one is more of a protest. But both hardened hostility between Iran and the West. That hasn’t changed in all the years since.
Protests Storm British Embassy in Iran
In the latest sign of deteriorating relations with the West, around 20 Iranian protesters entered the British Embassy compound in Tehran chanting death to England, tearing down a British flag and ransacking offices, news reports said. The episode came a day after Iran enacted legislation on Monday to downgrade relations with Britain in retaliation for intensified sanctions imposed by Western nations last week to punish the Iranians for their suspect nuclear development program. Britain promised to respond robustly. The British Foreign Office in London said it was aware of the reports from Tehran about its embassy on Tuesday, and later condemned the protests.
Foreign Policy.com: After a day of apparent success and unexpectedly high turnout, voting in Egypt’s first post-Mubarak election has entered its second day. There were no reports of attacks on polling places or stolen ballot boxes, following two weeks of anti-government demonstrations that often turned violent. Turnout is reportedly high for the second day of voting as well.
Egypt’s military rulers are pointing to the apparent success of the polls as validation for their interim rule, while protesters in Tahrir Square continued to reject the elections as a sham. Two more rounds of elections will follow, ending in January.
Our Economic Crisis Grows
WP: AP: American Airlines and parent company file for bankruptcy
American Airlines and American Eagle’s parent companies are filing for Ch. 11 bankruptcy protection.
AMR Corp. and AMR Eagle Holding Corp. said Tuesday that they filed voluntary petitions to reorganize, saying it’s in the best interest of the companies and its shareholders.
The Deeper crisis:
Serious analysts are not ready to press the alarm bell but worry about a financial crisis in Europe that they see as increasingly serious and in danger of spreading.
Have a taste of this: The long shadow of the 1930s
By Gideon Rachman
“Could things go bad again? I mean really bad – Great Depression bad, world war bad? The kind of cataclysmic event my generation has learned to think belongs only in the history books.
There is certainly a sense of foreboding in Europe at the moment. Speaking in Berlin on Monday night, Radoslaw Sikorski, the Polish foreign minister, warned: “We are standing on the edge of a precipice.” President Sarkozy of France cautioned recently: “If the euro explodes, Europe would explode. It’s the guarantee of peace in a continent where there were terrible wars.”
European politicians have often indulged in shroud-waving about the threat of war, to rally support for the beloved European project. In normal times, few Europeans take such talk seriously.
On the contrary, war talk seems inherently implausible to people raised in prosperous, peaceful western Europe. I have lived my entire life in a world in which, for all its ups-and-downs, things seemed to be getting steadily better. Nazism had been defeated; dictatorships fell in Spain, Portugal and Greece; the Soviet empire collapsed; apartheid ended in South Africa…
Until the global economic crisis, the words of Tony Blair’s election campaign song in 1997 seemed to capture the spirit of the age – “Things can only get better”.
Since the collapse of Lehman Brothers in 2008, we have discovered that things can definitely get worse. The question is how much worse?
The risk of a grave economic crisis in Europe is severe. The threats of sovereign-debt defaults and the break-up of the European single currency are rising – and with it, the attendant threats of collapsing banks, popular panic, deep recessions and mass unemployment. That would indeed feel like a modern version of the Great Depression…”
Here’s part of a report from a European Think Tank:
As we come to the end of the second half of 2011, it is evident that 15,000
billion in ghost assets have gone up in smoke since last July, just as was
anticipated by LEAP/E2020 (GEAB N°56 ). And, according to our team, this
process figures to continue at the same rate throughout the year to come.
Indeed we estimate that, with the introduction of a 50% discount on Greek
government debt, the global systemic crisis has entered a new phase: that of
the generalized discount on Western public debt and its corollary, the
fragmentation of the global financial markets.
Our team believes that 2012 will bring an average discount of 30% of total Western public debt (1), plus an equivalent amount in loss of assets from the balance sheets of worldwide financial institutions. Specifically, LEAP/E2020 anticipates the loss of
30,000 billion ghost assets by early 2013 (2), with an acceleration in 2012 of the partitioning process of the global financial market (3) into three increasingly disconnected currency areas: Dollar, Euro, and Yuan. These two phenomena feed to each other. They will also be the cause of a sharp decline of 30% on the part of US currency in 2012
“Is America Over?”
John Feffer of Foreign Policy In Focus on Geroge Packers’s Essay in Foreign Affairs: Is America Over?
“Packer argues that the U.S. economy went off the rails in the late 1970s, when the top 1 percent stopped thinking about the national interest and focused instead on the preservation of their own economic and political power. Powerful lobbyists, anti-government politicians on the right, and a newly unregulated Wall Street all combined to boost the wealth of the very rich and leave everyone else behind. Although globalization and technology accelerated these trends, they were fundamentally political choices made by our leaders (and the powerful interests that helped them to power).
“We can upgrade our iPhones, but we can’t fix our roads and bridges,” Packer writes to illustrate our economic predicament. “We invented broadband, but we can’t extend it to 35 percent of the public. We can get 300 television channels on the iPad, but in the past decade 20 newspapers closed down all their foreign bureaus.”
In other words, the public realm has deteriorated over the last two decades even as the private realm continues to promise cutting edge speed and novelty. Worse, it’s a self-reinforcing dynamic. “The more wealth accumulates in a few hands at the top, the more influence and favor the well-connected rich acquire, which makes it easier for them and their political allies to cast off restraint without paying a social price,” Packer continues. “That, in turn, frees them up to amass more money, until cause and effect become impossible to distinguish.”
Daily Beast: Will German Stubbornness Kill the Euro?
Germany is holding up a solution to the euro crisis with its dogged insistence that financially irresponsible countries should pay the price for their mistakes. But New York Times columnist Joe Nocera says the time for moralism has passed, and Europe can afford only to worry about its survival.
‘S&P downgrades credit rating of major banks’
Domestic News: Mr 9-9=9 “Reassessing”
LBN: Herman Cain told members of his campaign staff on Tuesday that he was reassessing whether to proceed with his bid for the Republican presidential nomination, an aide confirmed, a day after an Atlanta woman disclosed details of what she said was a 13-year affair with him. In a morning conference call with his advisers, Mr. Cain said that he would make a decision in the coming days about whether to stay in the presidential race after his campaign was rocked by another round of allegations about his sexual conduct.
Huffington Post; Capitalism and Democracy
NY Observer: Where Occupy Wall Street Stands Now
Has the Occupy Wall Street movement fizzled out? Certainly the stories have moved: While Philadelphia and Los Angeles have handed their Occupiers eviction notices (but haven’t moved them out yet), and some protesters have moved down to Miami for Art Basel, we notice that it’s been awfully silent over at Zuccotti Park recently.
A lot of people are speculating on what OWS can do next, or where the movement is going…which is a sure sign that journos have hit a lull on breaking news in NYC.”
Mandelman to the Rescue
If you are interested in the real story of the foreclosure cris, there’s one person to read; Martin Andelman who goes by the name of Mandelman, and writes at:
http://mandelman.ml-implode.com. He is a fearless advocate of families facing the loss of their homes . The other day, he took on a big wig at the Dow Jones Newswire, a Murdoch company and gave it to him good, an expression of concern about how poorly the media has covered the issues. Here’s a taste;
“I used to read the Wall Street Journal all the time, maybe even every day for a few years, back in the days when Yuppies were king, BMWs reigned supreme, and I was still stupid enough to pay $300 a year to carry around a grey piece of plastic from America Express that I idiotically referred to as being “platinum.”
These past three years, well… not so much. It’s not just because a gaggle of insensitive and insufferable cheerleaders for the banks write the newspaper, although that certainly is a big part of it. It’s mostly because the paper’s views are entirely predictable, and unreservedly smug… no they’re smug2. We’re not even having a recession in the Wall Street Journal, its positively surreal.
So, I’m clicking around through my news alerts yesterday, and I see this headline: “We Can’t Ignore Housing Anymore.” Huh? Can’t ignore it… anymore? Well, why the heck not? It’s been going swimmingly, thus far. Why quit on a winner?
Neal Lipschutz, who first joined the company in 1982, is today senior vice president and managing editor of Dow Jones Newswires, wrote the article, and according to his bio, he “directly supervised the news staffs in the Americas and served as chief arbiter of and spokesman for news policies, coverage and standards on a global basis.”
And today, Neal has “global responsibility for Dow Jones Newswires editorial.” So, Neal is a man with “global responsibility,” and I’m almost positive that I’ve never even met a man with global responsibility. Apparently, Neal has written articles that have appeared in The Wall Street Journal, Barron’s, The Asian Wall Street Journal Weekly, The New York Times, and The Baltimore Sun among others.
So, at first I thought… Neal is Journalism Man, but then I started reading what he had to say and I quickly realized… nope, he’s just another Lipschutz. Here’s how he kicked off his article on how we can’t ignore housing…
“In the end, we can’t dodge housing.
The U.S. recession and financial crisis of the late aughts began with housing and the scourge of subprime mortgages, which were so messily dispensed. It spread to Europe and its banks.
For a few years we tried to work around the paralyzed housing sector – the drip, drip of steadily lower home prices, the unresolved status of the wounded Fannie Mae and Freddie Mac — and it seemed to be working.”
Obviously, either Neal has the cognitive abilities of a fruit loop soaked in milk, or he’s just disturbed. What do you suppose he thinks “spread” to Europe and its banks? I mean, I don’t think loans can spread… loans are not germs or viruses… they don’t just spread. Someone has to spread them, right Neal? And let’s assume you’re right and within the mortgage-backed securities and CDOs that were sold to Eurobanks, there were a few loans leveraged to the hilt. So, who do you suppose might have taken them to Europe, Neal? Because it wasn’t me Neal.
And then he writes:
“Now that worries mount about an ever more likely return to recession amid a significant equities markets decline, we are hearing again about housing.”
Hearing “again” about housing? Who’s hearing again about housing?
I wouldn’t worry too much about you hearing anything, Neal. I just don’t think you’ve heard anything in maybe twenty years.
Read the rest my latest column for the dirty digger’s australian paper, on student debt in the Americas
It’s got a bloody paywall but one only has to register to read for free, and we all know Murdoch’s excellent ethics record
Thorne Dreyer. a radio personality and writer writes from Austin, Texas:
Danny — you might check out this feature done by a local news station right after the protests started. I thought they did a decent job.
Rest In Peace: WP: Richard L. Grossman, a community organizer who sought to curtail big business by raising public awareness about what he regarded as corporate abuse of power, died Nov. 22 at a hospital in New York City.
Mr. Grossman worked on a variety of progressive causes during his four-decade career. In the 1970s, while living in the Washington area, he founded Environmentalists for Full Employment, a group that sought to unite environmental activists and unions. In the 1980s, he worked at the Highlander Research and Education Center, a social justice organization in Tennessee, and was executive director of Greenpeace USA.”
And that’s my news dissection for today. I am still seeking some editorial help with the blog. Working on it, as I do, early in the morning and late at night is not the best time to catch typos etc. I am looking at someone who has an interest in news analysis and with some blog/editorial skills. Unfortunately, its a volunteer gig.
If you are interested or have some comments or suggestions write: email@example.com.