Showing posts with label Bloomberg. Show all posts
Showing posts with label Bloomberg. Show all posts

Thursday, August 30, 2012

Occupy Wall Street Birthday Chaos



Anniversary plan

Last Updated: 2:42 AM, August 30, 2012
Posted: 12:34 AM, August 30, 2012
Occupy Wall Street will mark its first anniversary by trying to block traffic in the Financial District and circling the Stock Exchange.
Planning for the Sept. 17 protest follows months of internal debate and flagging interest, according to interviews with organizers.
The morning action may include attempts to make citizens’ arrests of bankers, and some activists intend to bring handcuffs, they said.
“We are here to bring you to justice,” said Sean McKeown, 32, a chemist helping to organize the demonstration. “We’re offering you the chance to repent for your sins.”
Occupy protests sprouted up from San Francisco to Hong Kong after demonstrators established a camp in Manhattan’s Zuccotti Park last September.
Police ousted that group in November, and governments around the world took similar action.
Organizers said there has been more fatigue than fresh thinking this year.
Occupy’s New York General Assembly, which oversaw planning by consensus, ceased functioning in April because of infighting, ineffectiveness and low turnout, according to organizers and minutes of meetings.
The group’s funds were frozen to preserve money for bail, ending most cash distributions, they said.
“Movements calcify,’’ said Travis Mushett, 26, who helped organize an Occupy reading group.
There’s been a cascade of banking scandals since May 1, the last time OWS organized major protests.
Regulators have accused Barclays of trying to rig global interest rates; Standard Chartered faces a probe over claims it funneled Iranian money through the US; Senate investigators said HSBC helped drug lords launder funds; and JPMorgan Chase & Co. lost at least $5.8 billion on trades.
But “it really hasn’t sparked the same outrage,” said Akshat Tewary, a lawyer who co-wrote a comment letter in February on bank regulation with the group Occupy the SEC.
“It’s harder to maintain that kind of momentum.”


Read more: http://www.nypost.com/p/news/local/ows_day_chaos_vbx47Q7xSEtFEWknpMWNYO#ixzz252so3Pga

Tuesday, April 3, 2012

Occupy Movement Hinders Burrito Sales More Bonuses


By Kit Chellel and Chris Spillane on April 03, 2012
 
  • People walk past the Occupy London camp in Finsbury Square, in London, on Feb. 29, 2012. Photographer: Peter Macdiarmid/Getty Images
  • Police officers walk through the Occupy London camp in Finsbury Square, in London. Photographer: Carl Court/AFP/Getty Images
Occupy London’s last protest camp may hinder bankers’ lunchtime burritos more than their bonuses.
The brightly colored tents and banners of the protesters in Finsbury Square are yards from a site the Borough of Islington is considering for weekday lunch stalls, according to a notice at the park. As the closure of a 13-year-old restaurant in the square shows, protests against global economic inequality and food service don’t always mix.
“The very nature of protests is to do something somewhere that someone else doesn’t want you to,” said Patrick O’Brien, an analyst at Verdict Research, a unit of Datamonitor Plc. “Retailers essentially want streets to be clear of any obstruction, whether it be roadworks or protesters blocking entrances, or anything that detracts from the visibility.”
London demonstrators inspired by the Occupy Wall Street protests in New York have been living in tents, hand-built shacks and other makeshift structures on Finsbury Square since Oct. 22. Protests in the U.K. capital began at St. Paul’s Cathedral earlier that month and a group moved to the square after the cathedral’s dean, Graeme Knowles, appealed to them to move, citing safety concerns.
The protesters were evicted from St. Paul’s on Feb. 28 and at least one restaurant found its bookings jump back to pre- occupied levels. Sales were down 40 percent to 50 percent while the camp was at St. Paul’s, resulting in two or three staff members losing their jobs, said Pollie Hall, events manager at the Paternoster Chop House.

Wedding Moved

“This isn’t the corporate fat cats they were affecting, it was average working Joes,” said Hall, who said her customers were verbally abused by protesters and she was called a “devil- worshipping mason.” A wedding scheduled at the restaurant on the first day of the protest had to be moved.
“That was two young people getting married who had nothing to do with the finance industry, who had their big day almost ruined,” she said.
The Occupy London protesters outside St. Paul’s cost City of London police more than 911,000 pounds ($1.5 million) to monitor, according to the response to a Freedom of Information request. That doesn’t include the legal costs of the eviction, borne by the City of London Corp., or policing groups outside the financial district.
Wealth disparities helped fuel protests around the globe last year. The Occupy Movement began in September when demonstrators took up residence in New York’s Zuccotti Park to highlight the plight of average Americans who continued to suffer while banks recovered from the 2008 financial crisis. The New York protests, also criticized for hurting local businesses, spread to cities around the world. The Finsbury Square encampment is one of the last remaining.

Freebird

Adam Beamish, an agent who submitted the application for a Finsbury Square food market on behalf of Freebird Burritos, said he didn’t know there was a camp at the park, which is adjacent to London’s financial district. The protesters were a matter for the council, he said in a phone interview.
“We support the right to peaceful protest, but this has to be balanced with the needs of our community,” said Charles Dean, a spokesman for Islington. “The campers are trespassing in Finsbury Square and have been asked to leave.”
There was no phone number for Freebird on its website or in its planning application. Bloomberg LP’s European headquarters are located on Finsbury Square.
The local authority, which has warned protesters they are trespassing, has spent about 10,000 pounds ($16,000) monitoring the Occupy camp. The money mainly paid for officers checking on the square, Islington said in a response to a freedom of information request.
Benny Gasparini, the owner of the now closed La Paquerette in the middle of Finsbury Square, said he didn’t know what would happen to the restaurant, which had its biggest crowds on warm summer evenings.
“It’s difficult for the time being,” Gasparini said in an interview. “I have to see how things go. As soon as I hear that they are leaving... I’m thinking of other ways to work it out.”
On a sunny afternoon last week, one Occupy London activist with blonde dreadlocks, who asked not to be identified, said that people’s fear of the protesters led La Paquerette to close. She said she would eat at any food stalls if they served organic, vegetarian meals.
The protesters have “no desire ever in these situations to stop businesses from doing what they’re doing,” Richard Maggs, a spokesman for the camp, said by telephone. “There’s always ways to work with people to come to mutual understandings.”