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Conditions are deteriorating rapidly in Greece where, not only is the current generation undergoing forced austerity, but the next generation may have been scarred for life by this image of Prime Minister George Papandreou as related in this story at The Economist.
For all I know, maybe Greek children have a universal love for clowns, but, if they are anything like kids in the U.S., this sort of imagery could have a long lasting impact.
The Sunday political shows were jam-packed with talking heads talking about Occupy Wall Street and earlier, on Friday, former U.S. Representative from Florida Alan Grayson appeared on the Bill Maher show to succinctly explain what it is they’re complaining about.
Greyson says, “They’re upset about the fact that Wall Street has iron control over the economic policies of this country and that one party is a wholly owned subsidiary of Wall Street and the other party caters to them as well.” Well put.
Also see this clip of Fox News’ Heraldo Rivera attempting to broadcast from the protest site.
Jon Stewart of the Daily Show looks at the mainstream media coverage of the Occupy Wall Street protest, comparing and contrasting it to the Tea Party protests of a couple years ago, making Fox News talking heads look a little ridiculous in the process.
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The Daily Show’s Samantha Bee also had this take on the goings on at the protest.
Via this Daily Chart at The Economist comes an interesting (and, more importantly, very frightening) way to look at the condition of the world’s biggest banks – comparing how close their current share price is to the lows seen during the 2008-2009 financial crisis.
As should be clear after looking at the bottom of the graphic, broad stock market indexes are nowhere near their early-2009 lows and traders all over the world are now wondering whether they should buy bank stocks or sell short the rest of the market.
Rolling Stone’s Matt Taibbi talks to Keith Olberman about the Occupy Wall Street protest that appears to be gathering national attention at a blistering pace, not yet rising to Tea Party status in the eyes of the mainstream media, but possibly on its way to doing so.
In Griftopia, Taibbi lamented the “hijacking” of the Tea Party movement by the Republican party that shifted the focus to government spending and taxes, rather than the more fundamental problems that have resulted from the financialization of America.
Though criticized for a lack of focus or clear demands, one thing seems certain, the Occupy Wall Street crowd at least has their fingers pointed at the right group of people.
There’s an interesting collection of pictures from the ever-expanding Occupy Wall Street protest over at The Atlantic (hat tip Patrick.net), one of my favorites shown below.
With the mass arrest on Saturday, this story has really gained a lot of traction in just the last few days, a simple Google News search on “Wall Street Protest” now turning up such names as The Washington Post, CBS News, and the New York Times rather than just the Guardian, as was the case for much of the first ten days or so.
By Tim Iacono, Since 2005
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