This music video is called Wall Street Shuffle – 10cc.
USA: An Open Letter to Wall Street. William Rivers Pitt, Truthout: “Before anything else, I would like to apologize for the mess outside your office. It’s been three weeks since all those hippies and punk-rockers and students and union members and working mothers and single fathers and airline pilots and teachers and retail workers and military service members and foreclosure victims decided to camp out on your turf, and I’m sure it has been quite an inconvenience for you. How is a person supposed to spend their massive, virtually untaxed bonus money on a double latte and an eight-ball with all that rabble clogging the sidewalks, right?” Continue here.
On the News With Thom Hartmann: Union Goes to Court to Prevent NY Bus Drivers From Transporting Arrested Wall Street Protesters: here.
Paul Krugman | US Tax Policies Benefit Rich. Paul Krugman, Krugman & Co.: “With taxes on the wealthy on the political radar, we’re going to be drowning in a vast wave of double-talk and smothered by the fuzzy math. Still, one has to try. So, a couple of notes. One is that you have to beware of the old trick of saying ‘taxes,’ then slipping into ‘income taxes.’ Most Americans pay more payroll taxes (for things like Medicare and Social Security) than income taxes, but the reverse is true at high incomes. So focusing only on income taxes makes it seem as if the rich bear much more of the burden than they really do”: here.
Chuck Collins, Institute for Policy Studies: “A powerful coalition of US-based global companies is lobbying hard for a ‘tax holiday’ on offshore profits. Companies like Google, Apple, Pfizer, and General Electric have parked huge amounts of profits – a stash totaling more than $1.4 trillion – in offshore tax havens. They’ve stowed those funds abroad primarily to avoid having to pay federal taxes on that income”: here.
The New York Police Department and FBI Are Trying to Infiltrate Wall Street Protest to Discredit It: Of This You Can Be Sure: here.
Why Did the New York Times Change Their Brooklyn Bridge Arrests Story? Here.
Top Five Reasons Why the Occupy Wall Street Protests Embody Values of the Real Boston Tea Party. Lee Fang, ThinkProgress: “In recent years, the Boston Tea Party has been associated with a right-wing movement that supports policies favoring powerful corporations and the wealthy. As ThinkProgress has reported, lobbyists and Republican front groups have driven the current manifestation of the Tea Party to push for giveaways to oil companies and big businesses”: here.
USA: Barney Frank: Cut the Military Budget Now: here.
TRUTHOUT’S BUZZFLASH DAILY HEADLINES
Mayor Michael Bloomberg is threatening to shut down democracy on Wall Street.
You might expect that from a man who is the fourth-wealthiest person in America, with $19.5 billion dollars in his pocket. Moreover, Bloomberg made a lot of money as a Wall Street financier, but he catapulted into the multibillionaire category by revolutionizing financial market information and selling a specialized terminal and access services to the financial industry (followed by Bloomberg media services).
In short, his fortune is directly integrated into the Wall Street status quo.
That may be why he told a New York City radio show host last week that “New Yorkers need ‘to help the banks.'” The Village Voice headlined its story on the plutocratic pronouncements of Bloomberg, “Mayor Bloomberg: ‘We’ll See’ If The City Will Let Occupy Wall Street Continue.”
Bloomberg seemed in a baronial haze, claiming, “The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That’s the bottom line.” Is the mayor mainlining Fox “news” as his source of information? He royally added, “so anything we can do that’s responsible to help the banks … that is what we need.”
Yesterday, BuzzFlash at Truthout wrote that there is little doubt that law enforcement officials – at the behest of corporate-backed politicians – are infiltrating and planning ways to discredit the Wall Street autumn of democracy.
In his plutocratic cloud of personal financial interest and self-serving disdain for the right of assembly, Bloomberg resembles a monarchist, not a mayor.
If the Occupy Wall Street movement spreads and grows, you can count on Mayor Bloomberg to pull the curtains down on this exercise in America’s basic right of redress.
As Thom Hartmann noted in a book excerpted on Truthout, Thomas Jefferson warned that “the artificial aristocracy is a mischievous ingredient in government, and provision should be made to prevent its ascendancy.”
Bloomberg is just waiting to snap the mouse trap shut on democracy.
Editor, BuzzFlash at Truthout
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