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On October 05 2011 01:55 itstheTB wrote: The financial analysts blaim the current fall on stock markets world wide upon bad politics, the politics being the ones unable to balance their budgets thus resulting in pessimism and -25% yearly return. Obviously the politicians are not any players on the financial market, it's the investors field, thus their actions is whats resulting in the steep fall, despite what the reason might be for their pessimism, it's still their selling of stocks resulting in price falls. Thus, traders can be held way more accountable for stock market fluctuations, because they are the ones fluctuating it.
You're overestimating the influence investors have over market fluctuations.
The politicians are actually depressingly incompetent at their jobs. The US has had a balanced budget 3 out of the last 50 years. Why? Because balacing a budget doesn't help you get re-elected. That's the only reason. At a time of enormous problems, the politicians in congress are more focused on partisan bickering and irresponsible obstructionism than on actually doing their jobs.
The protestors would get better results marching on Washington.
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On October 05 2011 05:56 Serthius wrote:Show nested quote +On October 05 2011 01:55 itstheTB wrote: The financial analysts blaim the current fall on stock markets world wide upon bad politics, the politics being the ones unable to balance their budgets thus resulting in pessimism and -25% yearly return. Obviously the politicians are not any players on the financial market, it's the investors field, thus their actions is whats resulting in the steep fall, despite what the reason might be for their pessimism, it's still their selling of stocks resulting in price falls. Thus, traders can be held way more accountable for stock market fluctuations, because they are the ones fluctuating it.
You're overestimating the influence investors have over market fluctuations. The politicians are actually depressingly incompetent at their jobs. The US has had a balanced budget 3 out of the last 50 years. Why? Because balacing a budget doesn't help you get re-elected. That's the only reason. At a time of enormous problems, the politicians in congress are more focused on partisan bickering and irresponsible obstructionism than on actually doing their jobs. The protestors would get better results marching on Washington.
But they support Obama, and Obama blames Wall Street for everything. Thus, they are in New York, not Washington.
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On October 05 2011 04:17 Romantic wrote: If there is anything Occupy Wall Street has taught me, it is that mass populist left-wing movements in America are just are silly as the right-wing version (Tea Party). With luck, the two can cancel eachother our and the pragmatists can play the tiebreaker. Of course that's probably too much to hope for.
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Sanya12364 Posts
On October 05 2011 06:39 Signet wrote:Show nested quote +On October 05 2011 04:17 Romantic wrote: If there is anything Occupy Wall Street has taught me, it is that mass populist left-wing movements in America are just are silly as the right-wing version (Tea Party). With luck, the two can cancel eachother our and the pragmatists can play the tiebreaker. Of course that's probably too much to hope for. The "pragmatists" A.K.A. apologists of the status quo are the problem and the source of the discontentment.
While I don't really care for the "causes" that are supposedly behind the protests, a little bit of radical thinking and operating outside the normal rules of political behavior is refreshing and interesting. It is also potentially dangerous and destructive.
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On October 05 2011 06:45 TanGeng wrote:Show nested quote +On October 05 2011 06:39 Signet wrote:On October 05 2011 04:17 Romantic wrote: If there is anything Occupy Wall Street has taught me, it is that mass populist left-wing movements in America are just are silly as the right-wing version (Tea Party). With luck, the two can cancel eachother our and the pragmatists can play the tiebreaker. Of course that's probably too much to hope for. The "pragmatists" A.K.A. apologists of the status quo are the problem and the source of the discontentment. While I don't really care for the "causes" that are supposedly behind the protests, a little bit of radical thinking and operating outside the normal rules of political behavior is refreshing and interesting. It is also potentially dangerous and destructive.
I most certainly agree that the development in recent years of the Tea Party and the much more recent Occupy Wall Street initiative is both refreshing and dangerous, I think that the pragmatists and centrists are not the problems as much as the mutually destructive theologies of the Far Left and Extreme Right. If America started to gravitate towards the center now with a focus on reparation of the country without concentrating on political ideology, there would be very little need for these protests.
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On October 05 2011 06:52 PraetorialGamer wrote:Show nested quote +On October 05 2011 06:45 TanGeng wrote:On October 05 2011 06:39 Signet wrote:On October 05 2011 04:17 Romantic wrote: If there is anything Occupy Wall Street has taught me, it is that mass populist left-wing movements in America are just are silly as the right-wing version (Tea Party). With luck, the two can cancel eachother our and the pragmatists can play the tiebreaker. Of course that's probably too much to hope for. The "pragmatists" A.K.A. apologists of the status quo are the problem and the source of the discontentment. While I don't really care for the "causes" that are supposedly behind the protests, a little bit of radical thinking and operating outside the normal rules of political behavior is refreshing and interesting. It is also potentially dangerous and destructive. I most certainly agree that the development in recent years of the Tea Party and the much more recent Occupy Wall Street initiative is both refreshing and dangerous, I think that the pragmatists and centrists are not the problems as much as the mutually destructive theologies of the Far Left and Extreme Right. If America started to gravitate towards the center now with a focus on reparation of the country without concentrating on political ideology, there would be very little need for these protests.
America does gravitate toward the center; the far right and left control the narrative while the middle twiddle their thumbs. The truth of the matter is the idealists are the only ones that aren't apathetic.
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On October 05 2011 04:40 JudicatorHammurabi wrote:Show nested quote +On October 05 2011 04:20 zalz wrote:On October 05 2011 04:13 JudicatorHammurabi wrote:On October 05 2011 01:57 Hawk wrote: i mean if those weren't enough, there's still a very large amount of people who think it's foolish to direct the anger at the financial sector instead of the politicians who enable it by taking bribes and writing the rules. But I thought corruption didn't exist in the US. What is this conspiracy theory you're coming up with, treasonous terrorist? /sarcasm Lol what is this seriously? Who honestly ever said there is no corruption in the west? I don't think there is a single person in the entire universe that actually thinks that. But ofcourse it's such a mainstream thought that it has to be fought! No, you'd be surprised the people I've come across irl and on the internet. You say things like "bribes and corruption exist in US politics" or "US government serves corporate and banking interests" and some people will say you're wrong and then proceed to call you anti-American/terrorist/etc. They just have it in their heads to believe that things work the way they're said to work.
Corruption exists in all governments of the world. It is like thievery. There is no society without thievery. There are countries that treat crime with a soft touch approach and there are countries that execute people for stealing. No country has no crime.
Stating that there is corruption in the US is stating something as obvious as the presence of air in America. The relevant factor when discussing corruption is the degree. America like most Western countries are some of the least corrupt countries in the world. The culture condems it and there are independent agencies that track it down. Those two things make the difference. Corruption is worst when it is accpted as a part of daily dealings, that's not the case in western countries.
As for the government serving the intrests of corporate America, that is a fair point to make. It is true that some American corporations have received far to good a treatment in the form of tax breaks.
That would be a good thing to protest imo but it's not what this protest is about. It has no focussed message like that.
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On October 05 2011 07:21 zalz wrote:Show nested quote +On October 05 2011 04:40 JudicatorHammurabi wrote:On October 05 2011 04:20 zalz wrote:On October 05 2011 04:13 JudicatorHammurabi wrote:On October 05 2011 01:57 Hawk wrote: i mean if those weren't enough, there's still a very large amount of people who think it's foolish to direct the anger at the financial sector instead of the politicians who enable it by taking bribes and writing the rules. But I thought corruption didn't exist in the US. What is this conspiracy theory you're coming up with, treasonous terrorist? /sarcasm Lol what is this seriously? Who honestly ever said there is no corruption in the west? I don't think there is a single person in the entire universe that actually thinks that. But ofcourse it's such a mainstream thought that it has to be fought! No, you'd be surprised the people I've come across irl and on the internet. You say things like "bribes and corruption exist in US politics" or "US government serves corporate and banking interests" and some people will say you're wrong and then proceed to call you anti-American/terrorist/etc. They just have it in their heads to believe that things work the way they're said to work. Corruption exists in all governments of the world. It is like thievery. There is no society without thievery. There are countries that treat crime with a soft touch approach and there are countries that execute people for stealing. No country has no crime. Stating that there is corruption in the US is stating something as obvious as the presence of air in America. The relevant factor when discussing corruption is the degree. America like most Western countries are some of the least corrupt countries in the world. The culture condems it and there are independent agencies that track it down. Those two things make the difference. Corruption is worst when it is accpted as a part of daily dealings, that's not the case in western countries. As for the government serving the intrests of corporate America, that is a fair point to make. It is true that some American corporations have received far to good a treatment in the form of tax breaks. That would be a good thing to protest imo but it's not what this protest is about. It has no focussed message like that. Excuse me, but I am a bit puzzled. What you're saying is what I know already :S. Do you still not realize that my first post was sarcastic, and my second post was concerning people who don't believe the common sense / common knowledge things you're saying? Just a bit confused.
But they support Obama, and Obama blames Wall Street for everything. Thus, they are in New York, not Washington. I don't really follow those guys' actions and ideals, but if they support one thug group, but are hellbent on punishing another one, I find that to be a bit counter-productive. :S
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This made me laugh: http://occupywallst.org/article/radiohead-not-playing/
"#occupywallstreet would like to apologize to the members of the press and public who came out today to see Radiohead and left disappointed. We would also like to apologize to the band directly, and appreciate their kind words of support in the face of this confusion. They had nothing to do with what happened today.
Over the last twenty-four hours #occupywallstreet received several emails purportedly from Radiohead's manager detailing a show for Friday, September 30th at four in the afternoon. Due to miscommunication within our rapidly expanding and adjusting group, we were unable to determine that this was a hoax in time; it can be difficult to seperate rumor from fact in an open source movement."
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On October 05 2011 07:38 Sinensis wrote:This made me laugh: http://occupywallst.org/article/radiohead-not-playing/"#occupywallstreet would like to apologize to the members of the press and public who came out today to see Radiohead and left disappointed. We would also like to apologize to the band directly, and appreciate their kind words of support in the face of this confusion. They had nothing to do with what happened today. Over the last twenty-four hours #occupywallstreet received several emails purportedly from Radiohead's manager detailing a show for Friday, September 30th at four in the afternoon. Due to miscommunication within our rapidly expanding and adjusting group, we were unable to determine that this was a hoax in time; it can be difficult to seperate rumor from fact in an open source movement."
Nice official statement. Too bad they can't even spell-check. I'm thinking they should re-think their craving for media attention / scrutiny.
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Sanya12364 Posts
On October 05 2011 06:52 PraetorialGamer wrote:Show nested quote +On October 05 2011 06:45 TanGeng wrote:On October 05 2011 06:39 Signet wrote:On October 05 2011 04:17 Romantic wrote: If there is anything Occupy Wall Street has taught me, it is that mass populist left-wing movements in America are just are silly as the right-wing version (Tea Party). With luck, the two can cancel eachother our and the pragmatists can play the tiebreaker. Of course that's probably too much to hope for. The "pragmatists" A.K.A. apologists of the status quo are the problem and the source of the discontentment. While I don't really care for the "causes" that are supposedly behind the protests, a little bit of radical thinking and operating outside the normal rules of political behavior is refreshing and interesting. It is also potentially dangerous and destructive. I most certainly agree that the development in recent years of the Tea Party and the much more recent Occupy Wall Street initiative is both refreshing and dangerous, I think that the pragmatists and centrists are not the problems as much as the mutually destructive theologies of the Far Left and Extreme Right. If America started to gravitate towards the center now with a focus on reparation of the country without concentrating on political ideology, there would be very little need for these protests.
Hardly. The political elites of the center frame their argument against the extremists of the opposition camp in a sort of "We'll protect you from those 'crazy' people," and use it as a smoke screen for corrupt self-serving activities like those bi-partisan pieces of legislation where corrupt Republicans and Democrats alike can agree on lots and lots of pork.
Occupy Wall Street is troublesome for the political elite because it is breaking all the rules like the Tea Party did in its infancy. Then the Tea Party started playing by the rules and getting people elected and it looks a lot more tame and co-opted.
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Washington, DC —The Communications Workers of America Executive Board has endorsed the Occupy Wall Street Movement. Occupy Wall Street activists joined CWA members demonstrating for quality jobs at Verizon and Verizon Wireless, and CWA members will join the demonstrations to focus public attention on the impact of Wall Street’s greed on ordinary Americans.
Following is the CWA Executive Board’s statement:
The 700,000 members of the Communications Workers of America strongly support the Occupy Wall Street Movement. It is an appropriate expression of anger for all Americans, but especially for those who have been left behind by Wall Street. We support the activists’ non-violent efforts to seek a more equitable and democratic society based on citizenship, not corporate greed.
The Occupy Wall Street demonstrations are spreading throughout the country. We will support them and encourage all CWA Locals to participate in the growth of this protest movement.
Source
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Excuse me, but I am a bit puzzled. What you're saying is what I know already :S. Do you still not realize that my first post was sarcastic, and my second post was concerning people who don't believe the common sense / common knowledge things you're saying? Just a bit confused.
The whole point is that:
1) There are no people like the one you claim there to be. Nobody pretends that there is no corruption. So you were being sarcastic at literally nobody wich makes it rather ridiculous.
2) If you "allready know this" then why are you pointing out a problem that you agree is allready as non-existent as it is ever going to be?
There are no people that think that there is anything like a corruption free country. This makes your sarcastic comment a pointless comment. You are being sarcastic at nobody and making fun of a message that literally nobody believes. It would be like me going off against people believing in unicorns.
Now you agree that corruption is allready as low as it can get in western countries wich makes your post even more aimless because then you agree it's not exactly a topic that needs to receive any attention but you still brought it up because you believe there is some undercurrent of people that believe the US is corruption free.
You are posting against problems that are allready managed and against groups of people that don't exist. That's the point.
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Baltimore, USA22250 Posts
On October 05 2011 07:38 Sinensis wrote:This made me laugh: http://occupywallst.org/article/radiohead-not-playing/"#occupywallstreet would like to apologize to the members of the press and public who came out today to see Radiohead and left disappointed. We would also like to apologize to the band directly, and appreciate their kind words of support in the face of this confusion. They had nothing to do with what happened today. Over the last twenty-four hours #occupywallstreet received several emails purportedly from Radiohead's manager detailing a show for Friday, September 30th at four in the afternoon. Due to miscommunication within our rapidly expanding and adjusting group, we were unable to determine that this was a hoax in time; it can be difficult to seperate rumor from fact in an open source movement."
That's hilarious. 
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On October 05 2011 15:07 {CC}StealthBlue wrote:Show nested quote +Washington, DC —The Communications Workers of America Executive Board has endorsed the Occupy Wall Street Movement. Occupy Wall Street activists joined CWA members demonstrating for quality jobs at Verizon and Verizon Wireless, and CWA members will join the demonstrations to focus public attention on the impact of Wall Street’s greed on ordinary Americans.
Following is the CWA Executive Board’s statement:
The 700,000 members of the Communications Workers of America strongly support the Occupy Wall Street Movement. It is an appropriate expression of anger for all Americans, but especially for those who have been left behind by Wall Street. We support the activists’ non-violent efforts to seek a more equitable and democratic society based on citizenship, not corporate greed.
The Occupy Wall Street demonstrations are spreading throughout the country. We will support them and encourage all CWA Locals to participate in the growth of this protest movement. Source
Amazing, a union is joining with protests against big financial-sector corporations. I guess, the bigger news for me is that I haven't heard this at all on the news (Indeed, this thread was all that alerted me to an occupation or camp-out protest in Wall Street) with heavy-hitter unions getting behind it. Press failure on the groups' fault? Unions are enthusiastic supporters of the workers vs. the corporations mentality. Interesting.
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The whole idea of this is just retarded.
A bunch of stinky hippies in wall street is not going to change anything, and the demands they are making are just idiotic.
if these kids wanted anything to change they need to get more money than the people they are against, that's just how this kind of thing works.
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I youtube for new videos of Occupy Wall Street everyday. It's like the best reality tv show on right now besides jersey shore.
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On October 05 2011 16:03 Arlon wrote: The whole idea of this is just retarded.
A bunch of stinky hippies in wall street is not going to change anything, and the demands they are making are just idiotic.
if these kids wanted anything to change they need to get more money than the people they are against, that's just how this kind of thing works.
Ahm... Your last sentence pretty much sums up why they are "sitting" there?
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On October 05 2011 16:02 Danglars wrote:Show nested quote +On October 05 2011 15:07 {CC}StealthBlue wrote:Washington, DC —The Communications Workers of America Executive Board has endorsed the Occupy Wall Street Movement. Occupy Wall Street activists joined CWA members demonstrating for quality jobs at Verizon and Verizon Wireless, and CWA members will join the demonstrations to focus public attention on the impact of Wall Street’s greed on ordinary Americans.
Following is the CWA Executive Board’s statement:
The 700,000 members of the Communications Workers of America strongly support the Occupy Wall Street Movement. It is an appropriate expression of anger for all Americans, but especially for those who have been left behind by Wall Street. We support the activists’ non-violent efforts to seek a more equitable and democratic society based on citizenship, not corporate greed.
The Occupy Wall Street demonstrations are spreading throughout the country. We will support them and encourage all CWA Locals to participate in the growth of this protest movement. Source Amazing, a union is joining with protests against big financial-sector corporations. I guess, the bigger news for me is that I haven't heard this at all on the news (Indeed, this thread was all that alerted me to an occupation or camp-out protest in Wall Street) with heavy-hitter unions getting behind it. Press failure on the groups' fault? Unions are enthusiastic supporters of the workers vs. the corporations mentality. Interesting. media blackout for the most part i think curious onlooker from australia wonders if this will do anything
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You haven't heard much about this in the media because the whole thing is ridiculous. The problems these people have are not created by the big bad executives as Morgan or Goldman. The few times they are being reported on, it shows what a farce the protest has become. These people only make vague, generalized claim (ie "we are sick of corporate greed, banksters are thieves!") but have no specific attack and rarely are backed up with facts.
They are still calling the banks thieves for taking bail out money. Well, I don't know many thieves who return what they steal and give you something extra on top of it. Tax-payers have earned about $10B in PROFIT from the bailout/tarp funding. So not only did we avoid a complete meltdown, but the tax payers got something out of it.
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