Interview with OWS organizer David Graeber on Occupy, Debt and Capitalism

David Graeber – co-founder of OWS, anarchist, activist and anthropologist at Goldsmiths, University of London – talks with Charlie Rose about Occupy, Debt and Capitalism.

Graeber sports the red felt square of solidarity with the student movement of Québec and Ontario.

25 minutes long, via RoarMag.

 

 

Inequality in the US: Fall River vs. Massachusetts

Al Lima pretending he's not OccupyWe met many interesting visitors at National Night Out held in North Park on the evening of August 7th. We wanted to educate people about the connection between inequality and violence and include Fall River demographics (2010 Census figures) that sadly indicate one of every three children in the city lives in poverty. These and other data were put in context of the current disgraceful state of American exceptionalism. As one very astute visitor explained, it’s not that people don’t care or are ignorant about the dire circumstances we find ourselves in. We are simply overwhelmed by the pace and burdens of life.

 

 

Federal Reserve Report: Bank of America, Tax Dodger

Today’s BoA standout message:

BoA standout July 26

Bank of America Corp. (BAC) has more than 2,000 tax dodging subsidiaries, almost a quarter of them off-shore.

MAJOR BANKS HAVE CREATED THOUSANDS OF TAX DODGING SUBSIDIARIES THE LAST TWO DECADES

 

“JPMorgan Chase & Co. (JPM), the largest U.S. lender, has the most units at 3,391, followed by Goldman Sachs Group Inc., Morgan Stanley and Bank of America Corp. (BAC) with more than 2,000 each, the study by the Federal Reserve Bank of New York shows. Citigroup Inc. (C), the third-largest lender, has 1,645.”

ref: http://www.newyorkfed.org/research/epr/12v18n2/1207avra.pdf