Occupy Wall Street offshoot, Strike Debt, announced Friday that it has abolished $1.1 million in medical debt for more than 1,000 people.
The protest group did this by buying emergency room debts for pennies on the dollar and then simply forgiving them rather than trying to collect the money,…
but… they’re NOT just a bunch of worthless hobos?
NEW YORK — Police say more than 100 people have been arrested as Occupy Wall Street protesters march in small groups around Manhattan’s financial district to mark the anniversary of the grass-roots movement.
Police also removed four protesters in wheelchairs after they blocked a busy street Monday.
Loud chanting and the sound of drums filled the air. The demonstrators clogged traffic, and dozens of police officers and vans lined the streets.
Occupy Wall Street may well have been the first global protest movement to rally around a statistic cribbed from an economics paper. So to mark its one year anniversary today, I thought I’d break out some of the latest numbers tracking U.S. inequality, courtesy of this month’s Census Bureau recent report on income, poverty, and health insurance coverage.
From 2010 to 2011, the top 5 percent of U.S. households upped their share of the country’s income by 5.3 percent. The top 20 percent got a 1.6 percent bump. And while the country’s poorest saw their piece of the pie grow by a smidgen, the middle classes lost ground.
Read more. [Image: Jordan Weissmann]
“Chancellor Katehi never considered any alternative plan to sending in police to tear down the tents.”
A lot of the people arrested today were my peers…a lot of young people and students. For us, the occupy movement can’t be diminished or co-opted…it’s bigger than occupy. I will seek the changes I marched for tonight until I win or die. It is the task of my generation, worldwide, to return power to the people. Governments around the world are quickly realizing that our generation will not back down. This is bigger than ‘occupy’, this is bigger than one country, one problem, or one protest. The people want their world back. We are fighting for our future, and we are winning.
Mitt Romney is incapable of fathoming the idea that the financial institutions of U.S. have done any wrong.