Category: Wall Street

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Politics Wall Street

Who Should Be Blamed For Dow Reaching Record High?

Remember when Republicans and Mitt Romney said that the only way the economy would recover was if Mitt Romney was elected in November? Well Romney wasn’t elected and today, the stock market hit a new high – a new record.

If Romney was in office, Republicans would be praising him now as the savior. Well, I’m not going to praise President Obama as savior, but I will give him and his policies much credit for helping lift the economy out of the dungeons Bush left it in.

The benchmark Dow Jones industrial average reached an all-time high Tuesday on news that China was pledging to plow more money into its economy, returning the markets to highs not seen since before the 2008 financial crisis.

By noon Tuesday, the Dow was up more than 145 points, or 1.03 percent, to 14,273.70, blowing past both an intraday record and a closing record that were both set in October 2007, during a time when the economy was just peaking and headed toward disaster. The previous intraday trading high was 14,198.10; the closing record was 14,164.53.

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Domestic Policies money Wall Street

Question: Who Wrote the Book of Face?

My wife has given me permission to gloat a bit after I said this about Facebook, and Wal-Mart, by-the-by, yesterday on this very same blog. The reason? Wall Street had a nice day today, but the ‘book fell on its Face, dropping to $34.03, almost $4 from its opening last week. Meanwhile, a real company that makes real products that are really, really popular and, by-the-by, expensive relative to their competition, Apple, climbed 5.8% (%!) to $561.28.

This spells short-term trouble for Facebook and other social networking sites considering going public. Perhaps it’s just the leftover blahs from the past few weeks. Perhaps it’s the lingering blah form the remnants of Recession George. Perhaps this is a blip and the stock will rise commensurate with the hype as the economy improves.

Perhaps, but I don’t think so.

Facebook will never be like Apple or Google until they actually have something to sell that doesn’t involve people checking the box on a privacy policy that prints out at Moby Dick-like length and, by-the-by doesn’t really protect your privacy. They have loads of information, but now have to find a way to sell it in a responsible, green, diversity-friendly way.

I wish them every good luck with that.

Please join the conversation at  www.facebook.com/WhereDemocracyLives (for free) and on Twitter @rigrundfest 

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Mitt Romney Politics presidential Wall Street

Huntsman – Romney Is In The Hip Pocket Of Wall Street

“Anyone who is in the hip pocket of Wall Street because of all the donations they are picking up, like Mr. Romney, is in these days not going to be the change agent who is going to fix the too-big-to-fail banking system.” Per MSNBC,  Huntsman’s comments were delivered to an audience of about 80 people.

Huntsman went even further in his attack on Romney. Presumably referring in part to endorsements that Romney has received from Senator Kelly Ayotte (R-N.H.) and Congressman Charlie Bass (R-N.H.), Huntsman said, “You should be wary of any candidate who carries the endorsements of every member of Congress, because it means they’re going to be a status quo president.”

And I totally agree with you Jon Huntsman. Being in the hip pocket of Wall Street is about the only thing consistent with Mitt Romney.

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Politics Wall Street

Navy-Man Stands In Midst Of Oakland Tear Gas Street Holding Constitution – Video

A powerful video of a United States Navyman, standing in the middle of a tear gas-filled street in Oakland, holding a flag and a copy of the United States constitution. As he stands still, hands raised holding the Constitution facing the Oakland police, distant shots and explosions could be heard in the background.

Police in Oakland and nationwide are calling these Occupiers “violent” and are trying to justify the unnecessary brutal measures they’re using against American citizens exercising their rights, but when you see videos like the one below, you can’t help but wonder what is the real reason for the police actions, and exactly how much in “donations” went to their police department?

As far as the New York Police Department goes, we know that big banks have donated up to $4 million this year!

Stand with the Occupiers!

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Politics Wall Street

Oakland Police Used Tear Gas On Occupiers

About 75 Occupiers were arrested earlier today as they were kicked out of Frank Ogawa Plaza in Oakland, California because, according to the police, the protesters were  causing “sanitary and public safety concerns.” However, as word of the Oakland’s Police action got around, over 1000 more Oakland occupiers gathered and began marching back to their camps at Frank Ogawa Plaza.

Oakland police, intent on keeping the occupiers from returning to the Plaza, promised to arrest anyone who insisted on returning. As the group continued their march, police took unnecessarily harsh measures. They suffocated the area with tear gas causing the peaceful marchers to abandon their 1st amendment rights and retreat.

Video

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Barack Obama occupy wall street Politics Wall Street

Bachmann Booed For Disagreeing With Occupy Wall Street

Maybe Michele should stick to her talking points, like “I am going to repeal obamacare,” or “Obama’s family are illegal aliens,” or “I own a small business, I know how to create jobs.” The Republican presidential hopeful went to San Francisco for a discussion with some supporters, but got booed when she veered off track.

Bachmann spoke about a variety of issues, drawing applause from the audience when she suggested disbanding the Department of Education and vowed to repeal No Child Left Behind.

But the crowd began to boo when the subject turned to the recent Occupy Wall Street protests.

Calling the activity “tremendously counterproductive,” the Republican presidential hopeful noted with disgust a recent poll that stated 98 percent of Occupy Wall Street protesters believed in civil disobedience. When moderator Dan Ashley mentioned that the original Tea Party — a group that Bachmann is affiliated with — encouraged civil disobedience, Bachmann replied, “At least the Tea Party picks up their own trash.”

So does the Occupy movement Bachmann, and we’re trying to start with the trash in Congress.

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Mitt Romney Politics Wall Street

The Picture Mitt Romney Doesn’t Want You To See

This cannot be the image the Romney campaign wants the voters to see, so that’s why we’re showing it.

LOL.

Here we find the multi-million dollar Republican presidential candidate, from his time at Bain Capital. Romney is doing what Romney does best, no, not flip-flopping, but basking in the royal favor of his Wall Street buddies. And what could be better than having them stuff your pockets with cold hard cash!

No wonder Wall Street is giddy with excitement over the idea of a Romney presidency

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Politics Wall Street zuccotti park

An Emergency Call From Occupy Wall Street

At 7AM tomorrow – Friday, the owners of Zuccotti Park, formerly “Liberty Plaza Park” – where the Occupy Wall Street movement has set up headquarters – plan to clean the park. This move, according to the occupiers, is just another effort by the Bloomberg administration to end the protest.

Occupy Wall Street  Released the following:

EMERGENCY CALL TO ACTION: Keep Bloomberg and Kelly From Evicting #OWS
Posted Oct. 13, 2011, 2:14 p.m. EST by OccupyWallSt

EMERGENCY #OWS EVICTION DEFENSE:
Prevent the forcible closure of Occupy Wall Street

Tell Bloomberg: Don’t Foreclose the Occupation.
NEED MASS TURN-OUT, SHOW UP NO LATER THAN 6 A.M.

This is an emergency situation. Please take a minute to read this, and please take action and spread the word far and wide.

Occupy Wall Street is gaining momentum, with occupation actions now happening in cities across the world.

But last night Mayor Bloomberg and the NYPD notified Occupy Wall Street participants about plans to “clean the park”—the site of the Wall Street protests—tomorrow starting at 7am. “Cleaning” was used as a pretext to shut down “Bloombergville” a few months back, and to shut down peaceful occupations elsewhere.

Bloomberg says that the park will be open for public usage following the cleaning, but with a notable caveat: Occupy Wall Street participants must follow the “rules”.
NYPD Police Commissioner Ray Kelly has said that they will move in to clear us and we will not be allowed to take sleeping bags, tarps, personal items or gear back into the park.
This is it—this is their attempt to shut down #OWS for good.

PLEASE TAKE ACTION

1) Call 311 (or +1 (212) NEW-YORK if you’re out of town) and tell Bloomberg to support our right to assemble and to not interfere with #OWS.
2) Come to #OWS TONIGHT AT MIDNIGHT to defend the occupation from eviction.

For those of you who plan to help us hold our ground—which we hope will be all of you—make sure you understand the possible consequences. Be prepared to not get much sleep. Be prepared for possible arrest. Make sure your items are together and ready to go (or already out of the park.) We are pursuing all possible strategies; this is a message of solidarity.

Click here to learn nonviolent tactics for holding ground.

Occupy Wall Street is committed to keeping the park clean and safe—we even have a Sanitation Working Group whose purpose this is. We are organizing major cleaning operations today and will do so regularly.

If Bloomberg truly cares about sanitation here he should support the installation of portopans and dumpsters. #OWS allies have been working to secure these things to support our efforts.

We know where the real dirt is: on Wall Street. Billionaire Bloomberg is beholden to bankers.

We won’t allow Bloomberg and the NYPD to foreclose our occupation. This is an occupation, not a permitted picnic.

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Politics Wall Street

Comparing Wall Street Protesters To Wall Street Bankers – Cartoon

A side by side comparison between the Wall Street Occupiers and the Wall Street Bankers. One side is using their freedom of speech to protest greed and corruption, the other side use greed and corruption to destroy our economy.

Which side ends up paying the price?

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Democratic occupy wall street Politics Wall Street

Eric Cantor Is A Major Hypocrite – The Teaparty vs The Occupiers

This is beginning to become redundant – pointing out the many ways Republicans have proven that they are the party of hypocrites. I can dedicate the entire site to this purpose, and still be able to write multiple blogs a day showing different examples of the party’s deception.

“What is infuriating to me is we have elected leaders that are inflaming the sense that we are to be pitting Americans against Americans. Right now is the time for all of us to c0me together.”

Nancy Pelosi was correct to point out that Cantor wasn’t asking for the country to “come together” when the Teaparty was spitting on members of Congress during their protests, saying that instead of denouncing those in the Teaparty that resorted to such barbaric actions, Republicans held up signs encouraging them to continue.

MSNBC today asked about this apparent double standard, and was able to compare Cantor’s response to the Occupiers and the Teaparty when they demonstrated. The result was what we all expected… Cantor is a major hypocrite!

Video

[cincopa AQCAovK-BPO4]

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occupy wall street Politics Wall Street

Hackers Plan To Bring Down The New York Stock Exchange Website On Monday

The group known as Anonymous has pledged their support for the protesters at “Occupy Wall Street,” and to show their solidarity, the hacking group has put out a video detailing their next target – The Wall Street Stock Exchange. The group claims the attack will be on Monday October 10th, at 3:30PM Eastern. Why?

Anonymous put it this way;

We can no longer stay silent as the population is taken advantage of for the sake of profits.

The group has claimed responsibility for bringing down popular sites like Paypal and Mastercard. Bringing down the New York Stock Exchange is a big goal, we shall see…

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occupy wall street Politics Wall Street

Disgusting Trap And Arrest Tactic By New York Police – Video

It’s a process called “Kettling” – leading the unsuspecting victim to an area where there’s no way out, and attacking. In this case, the NYPD demonstrated kettling on the protestors yesterday as over 700 people were arrested after police directed them to the Brooklyn Bridge, then started their arresting spree.

The video below shows this unbelievable “rounding-up” of the demonstrators at Occupy Wall Street.

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