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Stephen Boyle

Occupy Wall Street and the media: Talking about a revolution | The Economist - 0 views

  • For most journalists, accustomed to clear leaders and talking points, this makes the movement a slippery and exasperating subject. The flip side is that from the activists’ point of view, as one of the writers in “Occupying Wall Street” puts it, “mainstream coverage of Occupy Wall Street has been a fickle, ornery beast,” alternating between indifference and obsession.
  • The theoretical principles of the movement, total horizontality and openness, run counter to what seems to make effective media
  • For potential sympathisers, a coherent, collective story may be easier to grasp than lots of personal ones.
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    The theoretical principles of the movement, total horizontality and openness, run counter to what seems to make effective media
Stephen Boyle

Using NYPD Warrant Squads to Monitor Protesters May Violate Constitution: Experts - WNYC - 0 views

  • He said under a U.S. Supreme Court case, Mt. Healthy City School District Board of Education v. DoyleMt. Healthy City School District Board of Education v. Doyle, the NYPD has to show that it would have executed these bench warrants even if these particular individuals were not involved in Occupy Wall Street protests.   In other words, said Eisenstein, the police could be violating the First Amendment if they arrest someone on a bench warrant solely because they want to question him about his political organizing.
  • The half-dozen or so stories  fit a pattern: each individual was approached and questioned by officers who said they were picking up people on arrest warrants for low-level, non-criminal violations, such as public urination, walking around with an open container of alcohol or biking on a sidewalk. These warrants can stay open for years.
  • Court officials say there are more than 1 million bench warrants currently open for these types of violations in New York City.  But this week, squads of police officers decided to act on a few of them.  
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    Police following old warrants solely to interrogate regarding current actions is illeegal
Bakari Chavanu

Four Things Occupy Wall Street Should Know About the Federal Reserve | | AlterNet - 0 views

  • We left the gold standard in the 1930s because it greatly exacerbated the Great Depression.
  • The gold supply grows by 2 percent every year, while the global economy grows at four percent, leading to deflation and constrained economic progress.
  • It can be spurred by government spending to stimulate an economy that has already reached its productive capacity. But right now America is suffering from the opposite problem. The problem isn’t inflation, it’s unemployment, crushing debt and stagnant growth: issues that can be assuaged through monetary stimulus. 
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  • In fact, one of the easiest ways to achieve the Occupy movement’s goals of lower unemployment and household debt would be to use monetary stimulus to mildly increase this measure inflation.  
  • We should talk about deflating the debt. If we had wage and price inflation of four percent every year for two or three years that reduces the debt burden by eight, 10, or 12 percent relative to their wages.” 
  • American corporations are currently sitting on massive cash reserves. If the Fed announced a higher inflation target those horded assets would soon be worth less, thus incentivizing spending.
  • Look at the “We Are the 99 Percent” Tumblr. Almost every entry names debt—from student loans, credit cards, medical, or housing—as a principal concern. Household debt is currently 90 percent of GDP.
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