Having spent much of Sunday surfing the web for Occupy Wall Street t-shirts and mugs for a birthday gift for my father—a lifelong champion of the 99%—my first thought was that I wish I had known about the fleeces, it would have made a much nicer gift. But then I looked a little more closely and saw that it wasn’t an Occupy fleece, but one that read “OWS Capital Management.” A few passengers looked at me when I laughed out loud.Meet the hedge fund with the unluckiest name: OWS - The Term Sheet: Fortune’s deals blog Term Sheet (via felixsalmon)
For a lot of the folks who have been in New York and all across the country in the Occupy movement, there is a profound sense of frustration about the fact that the essence of the American dream, which is if you work hard, if you stick to it that, you can make it, feels like that’s slipping away. And that’s not the way things are supposed to be. Not here. Not in America.President Obama • Responding to an interruption by Occupy protesters during a jobs speech in New Hampshire. After protesters “human-mic’d” themselves into the President’s attention (“Mr. President, more than 4,000 peaceful protesters have been arrested…”), he gave the above response, which seems both significant and somewhat lacking. That the President would directly address the protesters and cast himself on their side, in a way, speaks to the now nearly unstoppable influence the Occupy movement is having on the public discourse. At the same time, though, what Obama chose to say was fairly customary “American dream” rhetoric that didn’t address their specifically stated concern over the arrests of their comrades. source (via • follow)
As Chancellor, I take responsibility for everything that happens on this campus. At the same time, our campus has policies, and—the only reasons we have those policies in place is to make sure the 32,000 students who are using our campus are safe.UC Chancellor Linda Katehi • After refusing to resign due to the events at UC Davis last week, wherein UCPD Lt. John Pike pepper sprayed a line of seated, peaceful protesters. During the same KQED interview, she also that she needs to “understand what went wrong…why things went so wrong,” which seems to be obfuscating the issue. Isn’t it clear what what wrong? Anyway, the UCPD police chief, along with Pike and another officer, have all been placed on “administrative leave;” 60,000 people have signed a petition calling for Katehi’s resignation. (Note: this interview wrapped up earlier the hour; we’ll let you know when a transcript is available.) source (via • follow)
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Don’t worry about it, I’m going to spray these kids down.Lt. John Pike (according to a pepper-sprayed protester at UC Davis) • Speaking to fellow officers before the infamous pepper-spray incident on Friday. According to the protester, who spoke at length anonymously to Boing Boing, the pepper spray he used was military grade, and it still hurts, two days later. “It’s supposed to be used at a minimum of 15 feet,” the protester told Xeni Jardin. “But he sprayed us at point blank range.” Highly recommend you read Boing Boing’s photo-heavy account of the incident, which is very informative. source (via • follow)
sictransitvir says: I think the ABA said earlier it was unsolicited and they rejected it. Still a valuable look behind the scenes at how this kind of operation might work.
» SFB says: You’re right, and we modified the story to reflect that … but still, the mere existence of the document is pretty fun. — Ernie @ SFB
megan-elizabeth-deactivated2012 asks: Yesterday I heard someone complain about OWS costing them a "future job." This person is a college student who was planning to get a job as a police officer upon graduation. I believe he had already begun the hiring process. He claims that the police force is not hiring any new officers for a while because they can no longer afford it, thanks to the amount of overtime paid as a result of OWS. What do you think? Is this credible? Is this the fault of OWS, or a problem with the NYPD?
» SFB says: The protests are certainly a factor, at least in NYC. From this Reuters article: “About $226 million in police overtime was added for this year, and $240 million more a year after that, Turetsky said. The Police Department will have a hiring freeze for civilians; the Fire Department will cut 44 civilian jobs through attrition this year and 29 people next year.” While there have been other reasons — the year’s heavy snow and weather issues are also cited — the extra police presence at Occupy is part of the reason the city went $1 billion over its budget this year. As to who to blame, let’s face it: That comes down to your political views. Many find ways to credit or discredit the movement as they see fit. Plenty would be quick to put the blame with Bloomberg; others would certainly look at the Occupy movement. Ultimately, though, it’s been a difficult year all around for NYC’s budget, with many unforeseen circumstances coming out of nowhere, and Occupy was one factor of many. — Ernie @ SFB (It’s our Office Hours! Shoot us a question over here.)