...Occupy Wall Street Movement Holly Hyder Professor Zimmerman Business Ethics July 28, 2013 Occupy Wall Street Movement In the fall of 2011 there began a movement in America. This movement would forever be known as Occupy Wall Street. Taking over Liberty Square in the Manhattan Financial District in New York, a group of Americans began a nonviolent protest over the economic state in America. One of the stances that Occupy Wall Street held was that 99% of American’s economic well-being was controlled by the top 1% of Americans. This economic truth would no longer be accepted by this group of Americans. This group also called for solidarity inside of the 99% of Americans defining this in a set of principles. These principles involved a direct and transparent engagement of participatory democracy, exercising responsibility on collective and individual levels, empowerment of each other against all oppression, redefining how labor is valued, the sanctity of individual privacy, that education is human right, and that all knowledge, technologies, and culture be open to free access, creation, modification, and distribution (Stone, 2011)). Together in this movements solidarity they came together in New York to speak out about the injustices that they have suffered at the hands of corporations. These facts were that homes had been placed in foreclosure without the original mortgages, bonuses have been given to executives after corporations have received bail outs from taxpayers, the...
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...months on Wall Street, but do they know that they’re technically apart of this protest? Occupy Wall Street (OWS) is an evolving succession of demonstrations in New York City taking place in Zuccotti Park in the Wall Street financial district. The protests were introduced by the Canadian activist group Adbusters which mainly protests social and economic inequality, corporate greed, corruption and influence over government and lobbyists. The protesters’ trademark, “We are the 99%”, refers to the difference in wealth and income growth in the U.S. between the richest 1% and the remainder of the public. In the middle of 2011, the Canadian-based Adbusters Foundation, suggested an amicable occupation of Wall Street to formally complain about the corporate weight on our democracy, focus on a growing imbalance in wealth, and the vacancy of legal consequences behind the recent global financial dilemma. Senior editor of Adbusters said it was without delay adopted by all the people of the world. Adbuster’s website claims that from their “one simple demand—a presidential commission to separate money from politics—we start setting the agenda for a new America.” They publicized the event with a poster presenting a dancer on top Wall Street’s famous Charging Bull statue. The internet group Anonymous promoted that its followers take part in the protests, asking participants to overflow lower Manhattan, prepare tents and kitchens along with peaceful barriers and to simply occupy Wall Street. Other...
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...Since the 2000s, there has been a resurgence of mass political and social movements—reminiscent of the anti-Vietnam protests of the 60s. One such movement, Black Lives Matter, has captured the public's interest and conversation in recent years. Four years ago, three African American women founded BLM in response to anger over the death of Trayvon Martin, an unarmed black teen, killed while walking home, by George Zimmerman—a neighborhood watch volunteer. They created #blacklivesmatter and the rest was history. However, this week, on the 5-year anniversary of Trayvon’s death, there’s still a lot of confusion and misconceptions that surround this movement. Many people still don't know who leads it, what they want, or how they plan on achieving...
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...Occupy Wall Street Movement Liz Croutch Annette Redmon Bus309 May 8, 2013 Discuss the moral and economic implications involved in the movement According to Occupywallst.org, The Movement Occupy Wall Street is a leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that “We Are The 99%” that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants. (Occupywallst.org) The movement began out of frustration in the growing inequality between the wealthy 1% and the rest of the population. Greed, corruption and the perceived undue influence of corporations on government especially in the financial services sector produced this momentous uprising. This movement is the embodiment of all of the frustrations that Americans have dealt with particularly; economically. The rich are getting richer and the poorer getting poorer. This has been the downward spiral for the last forty years. This movement gives a voice to the grievances of the people. According to newpol.org “Occupy is a kind of a party, not a party with a formal structure, but potential peoples party in formation, the party of working people, the party of the poor, the party of the dispossessed, the oppressed, and the exploited. The Occupy movement excoriates the banks...
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...Running head: SOMETHING HAPPENING HERE There’s Something Happening Here: Occupying Wall Street Mindy Newell, R.N., CNOR Grand Canyon University NRS – 432V Teresa Ortner, RNC, MSNEd October 8, 2011 There’s Something Happening Here: Occupying Wall Street The Plan of Action On September 17, 2011, nearly 1,000 protesters gathered around the symbolic sculpture of a charging bull that is the focal point of Bowling Green Park, which is in the financial district of downtown Manhattan, to say to the kings of Wall Street “Enough! No more! You will not continue to profit on the broken backs and weary shoulders of we, the people! You will not destroy the American dream with your greed!” They did not leave, but hoisted tents and unrolled sleeping bags to “Occupy Wall Street” (Smith, 2011). Since that day, the movement has spread across the country, from New York up the coast to Boston, down the coast through Washington to Miami, and across the country through Chicago and St. Louis all the way to Los Angeles, from large metropolises to small towns across America. It has become a genuine social and political movement, utilizing both old media such as newspapers and television news and new media such as Facebook, Twitter, and Youtube (Ellis, Raja & Follman, 2011). Major labor unions, such as National Nurses United, the AFL-CIO, the Communications Workers of America, the United Auto Workers, the United Federation of Teachers, the Writers Guild...
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...English Comp October 17, 2011 Occupy Wall Street Movement: There is a growing movement in the United States that started in New York City and is now spreading out to many other cities It is the Occupy Wall Street Movement. The first people that came to this movement were some punks, liberals, artists and socialists. They did not just come for a one day protest they came again and again. Then other people began to take notice and the movement has been doubling in size every three days since mid September. Now there are young people, middle age and retirees, the employed and the unemployed just to name a few. How this movement has differed from other protests in the past for example, those against the Vietnam War in the 1960’s, the protestors are not just unruly mobs of young people fighting for one cause. Instead it is people with several different yet similar grievances. Contrary to the idea of Occupy Wall Street just being comprised of young people we now see that the younger element has sometimes been the majority. In this movement we see a diversity of people, varying ages, life situations, and grievances. Some are first time protestors. There are a few common denominators of the protestors but the most outstanding seems to be about economic injustice and the corporate influence on our government. Because the middle class are tired of the corporate injustices they have now come to rally for justice. It is interesting how this movement even started. The idea for the protest...
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...Occupy Wall Street Movement November 2nd 2012 Business Ethics Occupy Wall Street In the fall of 2011, in Manhattan’s Zuccotti Park, hundreds of protestors were evicted because they were protesting main issues such as social and economic inequality, greed, and corruption. The Occupy Wall Street slogan, “We are the 99%”, addresses the inequality income and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. The protesters have put their faith in the last seemingly credible force in the world: each other. The movement is really about the balance of give and take of Wall Street, how there are people who make things to add to the distribution of goods in America, who help America’s growth by keeping consumers money and resources in America, and there are takers who take from Wall Street and do not give anything in return and that is where there the problem is because they don’t provide anything to the benefit and progression of America’s financial status. Moral and economic implications of Occupy Wall Street Movement “Like a lot of the young protesters who have flocked to Occupy Wall Street, Joe had thought that hard work and education would bring, if not class mobility, at least a measure of security (indeed, a master’s degree can boost a New York City teacher’s salary by $10,000 or more). But the past decade of stagnant wages for the 99 percent and million-dollar bonuses for the 1 percent has awakened the kids of the middle class to a national...
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...The Occupy Wall Street Movement began on Sept. 17, 2011, when a diffuse group of activists began a loosely organized protest called Occupy Wall Street, camping out in Zuccotti Park, a privately owned park in New York’s financial district. The protest was to stand against corporate and government greed, social inequality and the corrosive power of major banks and multinational corporations over the democratic process. The idea was to camp out for weeks or even months to replicate the kind, if not the scale, of protests that had erupted earlier in 2011 in Tunisia and Egypt. There were many that protested for this trying to make a change. Many people fought for their rights asking for help for certain situations such as foreclosing in homes and also asking for better jobs to support their families which I feel was the hugest part regarding this Movement. The Movement was very important for these people to stand up for their rights and announce the help that they needed and they feel that other people deserved when stuck in situations. There was a main slogan for these protesters. We are 99 percent was a huge part of this. It refers to income differential, a main issue for OWS. It derives from a We are 99 percent flyer calling for Occupy Wall Street's second General Assembly in August 2011. The variation "We are the 99%" originated from a page of the same name. Vietnam War era, and that the majority of Democrats, independents and Republicans see the income gap as causing...
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...Occupy movement From Wikipedia, the free encyclopedia Jump to: navigation, search This article's use of external links may not follow Wikipedia's policies or guidelines. Please improve this article by removing excessive or inappropriate external links, and converting useful links where appropriate into footnote references. (June 2013) Occupy movement Part of response to the late-2000s financial crisis and subprime mortgage crisis and the impact of the Arab Spring Combination of October 2011 global protests.jpg Worldwide Occupy movement protests on 15 October 2011 Location Worldwide (List of locations) Methods Occupation Non violent protest Civil disobedience Picketing Demonstrations Internet activism General strikes Direct action Arrests/Injuries/Deaths Arrests: 7,700+,[1] Injuries: 400+,[2] Deaths: 32[3][4][5][6][7] The Occupy movement is an international protest movement against social and economic inequality, its primary goal being to make the economic and political relations in all societies less vertically hierarchical and more flatly distributed. Local groups often have different foci, but among the movement's prime concerns is the belief that large corporations and the global financial system control the world in a way that disproportionately benefits a minority, undermines democracy and is unstable.[8][9][10][11] The first Occupy protest to receive wide coverage was Occupy Wall Street in New...
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...Ho explains how spatial organization is especially key to understanding the different components that construct Wall Street’s culture. In anthropology social and spatial organization is an act of separated people into groups based on their socially significant characteristics such as gender, race, educational background, etc. In this sense, spatial organization is the way in which power is reaffirmed and Wall Streeters distinguish who are the money makers and front-officers compared to those who work in the back-office and are considered to be there as support, as Ho explains. Furthermore, the front-office jobs are highly exclusive and only open to people of a particular class and educational background, meaning anyone, no matter how...
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...Parliament have been so easily forgotten. It is time to remind our leaders of that lesson, and just like the tea floating in Boston Harbor changed the face of the Thirteen Colonies, the Tea Party Movement will change the face of the United States of America. The Tea Party Movement did not begin with the dumping of heavily taxed tea in to Boston harbor, but on the floor of the Chicago Mercantile Exchange on February 19, 2009. There was no plan for the Tea Party, it was born out of the resonance of an impromptu rant by CNBC commentator Rick Santilli; a rant against the government bail-out of banks, a rant against irresponsible borrowing policies and the fall of the subprime mortgage market. These government bail-outs were going to cost the tax payers. Just like that, the fuse had been lit, and in an explosion only possible in the information age via Twitter, Facebook and radio , this “New American Tea Party” began to invigorate an entirely new core of Conservative Republicans. Shortly after Rick Santilli’s rant on the floor of the Chicago Mercantile Exchange, Tea Party rallies began to spring up in many communities, with membership growing exponentially, and it was only a matter of time before the country, and then the world began to take notice. Not since the Anti-War movement of the 1960’s had such large scale, peaceful protest occurred over government policy [...
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...The Occupy movement is an international protest movement against social and economic inequality, its primary goal being to make the economic and political relations in all societies less vertically hierarchical and more flatly distributed. Local groups often have different foci, but among the movement's prime concerns is the belief that large corporations and the global financial system control the world in a way that disproportionately benefits a minority, undermines democracy and is unstable.[8][9][10][11] The first Occupy protest to receive wide coverage was Occupy Wall Street in New York City's Zuccotti Park, which began on 17 September 2011. By 9 October, Occupy protests had taken place or were ongoing in over 95 cities across 82 countries, and over 600 communities in the United States.[12][13][14][15][16] Although most active in the United States, by October 2012 there had been Occupy protests and occupations in dozens of other countries across every continent except Antarctica. For its first two months, authorities largely adopted a tolerant approach toward the movement,[citation needed] but this began to change in mid-November 2011 when they began forcibly removing protest camps. By the end of 2011 authorities had cleared most of the major camps, with the last remaining high profile sites – in Washington DC and London – evicted by February 2012.[17][18][19][20] The Occupy movement is partly inspired by the Arab Spring,[21][22] and the Portuguese[23] and Spanish Indignants...
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...Black and White on Wall Street by Joseph Jett, with Sabra Chartrand. William Morrow, 387 pages, $25. Remember Joseph Jett? He occupies a curious place in this decade's pantheon of scandalous black American men. His 15 minutes of infamy occurred in April 1994, about two and a half years after Clarence Thomas' confirmation hearings and two months before O.J. Simpson's Bronco chase. A 36-year-old bond trader at Kidder Peabody & Company, Mr. Jett was accused of defrauding his firm of $350 million. When I first read of Mr. Jett and saw a photo of him–with his bemused smirk and huge, James Baldwin eyes–I felt a perverse pride that a young buppie might be as bold a crook as Ivan Boesky or Michael Milken; and a sense of relief that here, for once, was a scandal about a black man that had nothing to do with sex. How wrong I was. After five years and three grueling investigations, Mr. Jett has never been convicted of fraud. Moreover, his downfall offers a chilling case study of how machismo and sexual paranoia work in the financial community. At the center of his autobiography–co-written with Sabra Chartrand–is the story of what happens when some Wall Street traders renowned as Big Swinging Dicks find, in their midst, a Big Swinging Black Dick. It's the same with any my-side-of-the-story exposé–open Mr. Jett's book and up pops the question: Is it credible? Quite. Unlike a lot of memoirists, Orlando Joseph Jett (evidently, no one ever nicknamed him O.J.) does not present himself as...
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...Global Perspectives on Investment Management LEARNING FROM THE LEADERS Conversation with a Money Master BILL MILLER, CFA with FRED H. SPEECE, JR., CFA Bill Miller, CFA, is chairman and chief investment officer at Legg Mason Capital Management, Inc., and was named ‘‘The Greatest Money Manager of the 1990s’’ by Money magazine. In this question and answer session, Fred H. Speece, Jr., CFA, interviews Bill Miller about his insights into portfolio management in general and value investing in particular. Continuing a tradition of lifelong learning a cfa institute publication Conversation with a Money Master BILL MILLER, CFA Bill Miller, CFA, is chairman and chief investment officer at Legg Mason Capital Management, Inc., and was named ‘‘The Greatest Money Manager of the 1990s’’ by Money magazine. In this question and answer session, Fred H. Speece, Jr., CFA, interviews Bill Miller about his insights into portfolio management in general and value investing in particular. Speece: You have an impressive long-term track record as a portfolio manager. Given today’s very efficient and sophisticated market, do we still have room for stock picking? Miller: When we discuss market efficiency, we run into a semantic issue about what exactly is meant by the term ‘‘market efficiency.’’ At Legg Mason, we believe that the markets are pragmatically efficient, which means that they are extremely competitive and usually beat most active managers. For example, fewer than 35 percent of...
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...THE INTELLIGENT INVESTOR A BOOK OF PRACTICAL COUNSEL REVISED EDITION B E NJAM I N G RAHAM Updated with New Commentary by Jason Zweig To E.M.G. Through chances various, through all vicissitudes, we make our way. . . . Aeneid Contents Epigraph iii Preface to the Fourth Edition, by Warren E. Buffett viii A Note About Benjamin Graham, by Jason Zweig x Introduction: What This Book Expects to Accomplish COMMENTARY ON THE INTRODUCTION 1. 1 12 35 The Investor and Inflation 47 COMMENTARY ON CHAPTER 2 3. 18 COMMENTARY ON CHAPTER 1 2. Investment versus Speculation: Results to Be Expected by the Intelligent Investor 58 65 COMMENTARY ON CHAPTER 3 4. A Century of Stock-Market History: The Level of Stock Prices in Early 1972 80 General Portfolio Policy: The Defensive Investor 88 COMMENTARY ON CHAPTER 4 5. 101 124 Portfolio Policy for the Enterprising Investor: Negative Approach 133 COMMENTARY ON CHAPTER 6 7. 112 COMMENTARY ON CHAPTER 5 6. The Defensive Investor and Common Stocks 145 iv 155 COMMENTARY ON CHAPTER 7 8. Portfolio Policy for the Enterprising Investor: The Positive Side 179 The Investor and Market Fluctuations 188 v Contents COMMENTARY ON CHAPTER 8 9. Investing in Investment Funds COMMENTARY ON CHAPTER 9 213 226 242 10. The Investor and His Advisers 257 COMMENTARY ON CHAPTER 10 272 11. Security...
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