Live feed of the protest. The people involved are attempting to generate awareness of the effects of corporate greed and government's lack of interest in stemming its effects upon the economy. There has been little to no coverage of this on any of the corporate supported television channels until today. What is your opinion concerning the protest and/ or the lack of coverage of it?
As unwelcome as these expenses might be, the alternative — letting those vacant properties fall into disrepair — is arguably even worse. A house with peeling paint and uncut grass is a house that’s less likely to get sold. In the meantime, the longer that house stands empty and decrepit, the more damage it does to neighboring property values.
Yet this kind of maintenance work costs money, specifically $557 million last year, according to a recent segment on ABC News. In the coming year, ABC reports, American taxpayers will spend more than $40 million just to keep the lawns mowed at these addresses.
House Republicans on that committee [House Financial Services Committee] — which has become the second most lucrative committee for fundraising — today released their plan to come up with the cuts mandated by the budget authored by Budget Committee Chairman Paul Ryan (R-WI). Their proposed cuts include:
– ELIMINATING RESOLUTION AUTHORITY: This is a power included in the Dodd-Frank financial reform law of 2008 that allows the government to dissolve a failed financial firm without resorting to the ad hoc bailouts of 2008. Ryan explicitly called for its repeal in the budget, even though it would leave the government powerless to act should another big bank bring the economy to the brink of disaster, other than handing it a bailout.
– ELIMINATING FORECLOSURE PREVENTION PROGRAM: The Home Affordable Modification Program (HAMP) has undoubtedly fallen woefully short of its goals, reaching far fewer homeowners than it was supposed to. But House Republicans want to eliminate it entirely, even with 3.6 homeowners estimated to go into foreclosure in the next two years.
– CUTTING THE CONSUMER PROTECTION BUREAU’S BUDGET BY TWO-THIRDS: The Consumer Financial Protection Bureau has a budget of just shy of $600 million for fiscal year 2013. House Republicans propose , even as the agency begins reining in abuses in the student loan and home mortgage industries.
No news from Iceland… why?
How come we hear everything that happens in Egypt but no news about what’s happening in Iceland?
In Iceland, the people have made the government resign, the primary banks have been nationalized, and it was decided that they would not pay the debt that these politicians created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.
And all of this in a peaceful way.
A whole revolution against the powers that have created the current crisis. This is why there hasn’t been any publicity during the last two years. What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example.
This is a summary of the facts:
- 2008, The main bank of the country is nationalized.
- The Krona, the currency of Iceland devaluates and the stock market stops.
- The country is in bankruptcy 2008.
- The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
- The country is in bad economic situation.
- A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.
- 2010, the people go out in the streets and demand a referendum. In January 2010, the president denies the approval and announces a popular meeting.
- In March the referendum and the denial of payment is voted in by 93%.
- Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested. The Interpol dictates an order that make all the implicated parties leave the country.
- In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
- 25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.
So in summary of the Icelandic revolution:
- resignation of the whole government
- nationalization of the bank
- referendum so that the people can decide over the economic decisions
- incarcerating the responsible parties
- rewriting of the constitution by its people
Have we been informed of this through the media?
Has any political program in radio or TV commented on this?
The Icelandic people have been able to show that there is a way to beat the system and have given a democracy lesson to the world.
I've been trying to get people to read up on Iceland for awhile now, Sat. they just don't want to know. because if they found out that making these kinds of HUGE changes WAS actually possible, their excuses would all of a sudden hold no water any more. then they might actually have to get off the fucking fence or their asses and DO something. and your average amerikkkan would rather remain a complacent, brain-dead slug.
if i was a christian i would say ...Amen!...if these slug would just get up and do the right thing...which to me is throw all the bums in government out...we might have a chance!!! Well said Brother!!!
Google Fined $25,000 For Stealing People’s Private Information
Google intentionally hindered a federal regulator’s probe into its Street View cars’ accidental grabs of personal information off of Wi-Fi routers, according to the investigating agency.
Google’s penalty: A measly $25,000 fine.
The Federal Communications Commission said in a report filed late Friday that Google repeatedly gave the agency the cold shoulder when it was trying to determine whether Google had engaged in any wrongdoing.
Google admitted in late 2010 that it had inadvertently collected unsuspecting people’s information.
Prying out more detail proved exceedingly difficult for the FCC.
Google “deliberately impeded and delayed” the investigation by failing to respond to information requests, the agency said.
It added: “Google apparently willfully and repeatedly violated Commission orders to produce certain information and documents that the Commission required for its investigation.”
“Switzerland will allow banks to hand over the names of any employees and other third parties who helped wealthy Americans evade taxes to U.S. prosecutors, a Swiss newspaper reported on Saturday.”
Protest Targets Internet Censorship Bill Known As CISPA
Civil liberties groups on Monday launched protests targeting proposed US cyber intelligence law that they fear would let police freely dip into people’s private online information.
The Electronic Frontier Foundation (EFF) and Reporters Without Borders were among organizations that signaled the start of a week of Internet protests against the Cyber Intelligence Sharing and Protection Act (CISPA).
“A blanket monitoring system is never an appropriate solution,” Reporters Without Borders said in a release calling for Congress to reject the CISPA legislation introduced in November of last year.
“Freedom of expression and the protection of online privacy are increasingly under threat in democratic countries, where a series of bills and draft laws is sacrificing them in the interests of national security or copyright.”
The EFF released an online tool for US residents to find Twitter accounts of their representatives in Congress to target messages about the threat CISPA poses to privacy in day-to-day lives.
“CIPSA would allow ISPs, social networking sites, and anyone else handling Internet communications to monitor users and pass information to the government without any judicial oversight,” said EFF activism director Rainey Reitman.
“The language of this bill is dangerously vague, so that personal online activity — from the mundane to the intimate — could be implicated.”
#OccupyWallStreet #A16 Arrests on Flickr.
As reported in the Gothamist this morning, almost a dozen protesters were arrested last night but not until after they were physically attacked by a man who only described himself has a resident of Wall Street.
“Minutes later, one of the residents, a short, stocky man with thinning hair got into a shouting match with a protester, and lunged after him, punching him repeatedly. NYPD officers pulled the man through the police line. He was not arrested.”
And therein lies the crux of the situation and I hope these images help fill in the gaps.
This man physically assaulted protesters and not only was he not arrested but 10 minutes later he was spotted chatting it up with an NYPD police officer but when he and his provocateur friend (guy in purple shirt) realized that a camera was trained on them they dispersed and acted like they didn’t know each other, disappearing into the night as the arrests continued.
One has to wonder if he was really a resident of Wall Street or an NYPD plant instructed to incite an incident so that the NYPD had a reason to start clearing out the peaceful protesters.