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    The OB Media Rundown for 2/14/12

    Confirmed: 50-state mortgage settlement is a “broad release” – Lawless conduct against mortgage holders tacitly ratified

    [Executive summary] “The proposed Release contains a broad release of the banks’ conduct related to mortgage loan servicing, foreclosure preparation, and mortgage loan origination services. Claims based on these areas of past conduct by the banks cannot be brought by state attorneys general or banking regulators.”

    http://tinyurl.com/6wt6jp7

    Occupy Harvard Occupies Lamont Library

    The group plans to hold study breaks, film screenings, knowledge shares, and facilitated discussions about many issues including access to higher education, the ongoing privatization of the university, and Harvard’s role in facilitating neo-liberalism worldwide. Topics for upcoming discussions include: “The role of knowledge in promoting social equality and social justice,” and “What is a library? What does the library of the future look like?” The group intends to maintain a presence in the cafe until 10:00pm on Friday February 17th.

    The Occupation of the Library coincides with a larger campus debate about plans for restructuring the Harvard library system. In a letter sent to the Harvard community last week, President Drew Faust wrote, “We are moving into an exciting yet uncharted new world of digital information in which experiments and innovations are constant and necessary, yet their outcomes not always predictable.”

    Such vague statements from the administration about restructuring the library have provoked serious concerns about the human and academic cost.

    http://tinyurl.com/8ygb8ks

    Harvard Occupiers Protest Library Staff Cuts

    Shortly after 11 A.M. Monday, the Lamont Occupiers were informed by a library administrator that their signs-which they regard as protected speech-violated a policy against the hanging of signs in library buildings. They were told that although the policy is unwritten, it is widely known. Members of the Harvard University Police department then removed the signs as the Occupiers videotaped the event.

    http://tinyurl.com/83k6b48

    Banking Wasn’t Meant to Be Like This

    The process that began with central bank support thus has turned into broad government guarantees against bank insolvency. The largest banks have made so many reckless loans that they have become wards of the state. Yet they have become powerful enough to capture lawmakers to act as their facilitators. The popular media and even academic economic theorists have been mobilized to pose as experts in an attempt to convince the public that financial policy is best left to technocrats – of the banks’ own choosing, as if there is no alternative policy but for governments to subsidize a financial free lunch and crown bankers as society’s rulers.

    The Bubble Economy and its austerity aftermath could not have occurred without the banking sector’s success in weakening public regulation, capturing national treasuries and even disabling law enforcement.

    http://tinyurl.com/7not24r

    Continue reading “The OB Media Rundown for 2/14/12” »

    The OB Media Rundown for 2/13/12

    Conversation with Occupy the “T” Activists

    Activists with #OccupyBoston and associated groups in surrounding cities and towns served by the MBTA transit system are mobilizing their supporters to oppose extensive cuts in services and large fare increases on the trains and buses of the “T.”

    On Sunday, members of Occupy the T joined the hosts of “RADIO with a VIEW” on WMBR-FM in Cambridge to discuss the consequences of fare hikes and service cuts and the reaction from Occupy activists and their allies.

    http://tinyurl.com/7x7ebsp

    Students Occupy Lamont Library Café

    Members of the Occupy Harvard movement parked themselves in Lamont Library Café on Sunday night, pledging to stay in the café until 10 p.m. on Friday in order to protest planned staff reductions in Harvard libraries.

    More than 23 supporters of the movement gathered in the café to inaugurate the next phase of their protest, the first to involve a physical occupation since Harvard administrators removed the Occupy Harvard dome from the Yard on Jan. 13.

    http://tinyurl.com/7oe9rml

    Occupy Movement and Libertarians, Tea Partiers Find Common Cause in Fight Against NDAA

    A coalition of three Southern Oregon Occupy Movements is joining forces with a local libertarian/Tea Party goup called Wake Up America Southern Oregon for a Monday February 13th protest in Medford against the National Defense Authorization Act. This is one of the first cooperative efforts between such groups. A statement noted that the joint action will “show that united we can begin to stand up to the problems which face us as a nation and a people.”

    http://tinyurl.com/7b6o3re

    Continue reading “The OB Media Rundown for 2/13/12” »

    The OB Media Rundown for 2/12/12

    Occupy Kindergarten: The Rich-Poor Divide Starts With Education

    Economic class is increasingly becoming the great dividing line of American education.

    The New York Times has published a roundup of recent research showing the growing academic achievement gap between rich and poor students. It prominently features a paper by Stanford sociologist Sean F. Reardon, which found that, since the 1960s, the difference in test scores between affluent and underprivileged students has grown 40%, and is now double gap between black and white students.

    The children of the wealthy are pulling away from their lower-class peers — the same way their parents are pulling away from their peers’ parents. When it comes to college completion rates, the rich-poor gulf has grown by 50% since the 1980s. Upper income families are also spending vastly more on their children compared to the poor than they did 40 years ago, and spending more time as parents cultivating their intellectual development.

    http://tinyurl.com/7mapmeo

    The Power of the Occupy Movement

    You may question the power of the Occupy movement, but think back less than a year ago. The Tea Party was setting the agenda: the federal deficit and national debt were preeminent issues, President Obama was anxious to trim Social Security, Medicare and other essential social services in order to get any kind of  deal with the newly powerful and recalcitrant GOP leadership. Mitch McConnell and John Boehner had this president by the short hairs, and Barack Obama seemed eager to cut any deal he could. Millionaires and billionaires didn’t need to worry about losing their tax breaks.

    Fast forward to September of last year. Occupy Wall Street goes to the heart of the financial industry, and within weeks the focus of political discussion had changed to the corruption without accountability of Big Banks, and the wide gap in wealth between the One Percent and the 99%. Issues of class and economic fairness that had been swept under the rug for years suddenly became issues for discussion. Middle class Americans began to understand that corporations and the wealthy were paying a lower tax rate than they were.

    http://tinyurl.com/888bdjp

    Across U.S., Occupy movement preparing for its next phase

    The Occupy Wall Street encampments that sprang up in scores of cities last fall, thrusting “We are the 99 percent” into the vernacular, have largely been dismantled, with a new wave of crackdowns and evictions. Since clashes last month in Oakland, Calif., headlines have dwindled, too.

    Far from dissipating, groups around the country say they are preparing for a new phase of larger marches and strikes this spring that they hope will rebuild momentum and cast an even brighter glare on inequality and corporate greed. But without the visible camps or clear goals, can Occupy become a lasting force for change? Will disruptive protests do more to galvanize or alienate the public?

    Though still loosely organized, the movement is putting down roots in many cities. Activists in Chicago and Des Moines, Iowa, have rented offices, a significant change for groups accustomed to holding open-air assemblies or huddling in tents in bad weather.

    http://tinyurl.com/7clfngu

    Continue reading “The OB Media Rundown for 2/12/12” »

    The OB Media Rundown for 2/11/12

    Occupy movement spreads to Dorchester

    The Occupy movement, which has already spread to Jamaica Plain, Allston and out to suburban communities, now has taken root in Dorchester.

    “We need to use the momentum of Occupy Boston to work on progress here,” said Akunna Eneh, a 29-year-old Dorchester resident and one of Occupy Dorchester’s organizers.

    The group of residents and activists held its first “General Assembly” Wednesday night at the Dorchester House Health Center in Fields Corner to discuss how they could use the message and tactics of the Occupy movement to bring change to Dorchester.

    http://tinyurl.com/7mt8ymj

    ‘Occupy Boston’ Holds On As Other Camps Close

    (radio)

    It’s been almost six months since the Occupy Wall Street movement started in New York City. In most cities, the encampments have been shut down and street protests have dwindled. But in Boston, the movement’s organizers are trying out new tactics and strategies to keep their message alive.

    http://tinyurl.com/794lldy

    Climate Referees in Boston (1st Stop of Country Tour)

    Over 60 people dressed in referee outfits protested outside Sen. Scott Brown’s district office in Boston this afternoon to “blow the whistle” on the unseemly reality that Sen. Brown has taken over $1.9 million from fossil fuel interests since being elected and now supports moves in Congress to revive the Keystone XL pipeline, expand offshore drilling, gut the Clean Air Act, and to put taxpayer money towards subsidizing the fossil fuel industry.

    The action is part of an evolving strategy on the part of pipeline protesters, who are looking at new ways to take the pipeline fight off of Capitol Hill and back into districts across the country.

    http://tinyurl.com/7h4jawj

    Continue reading “The OB Media Rundown for 2/11/12” »

    The OB Media Rundown for 2/10/12

    Obama omnibus mortgage settlement sets cost of doing business at $2,000 per loan – if the business is fraud, forgery, looting, bailouts and worthless ‘legal’ contracts

    [Note: Before the advent of modern contract law, justification of contractual obligation was derived from appraisal of “the inherent justice or fairness of the exchange”, (http://tinyurl.com/79hnxkw) so if business and government are going to enable by inaction and ‘moral hazard’ widespread conduct that undermines contract law as the foundation of the US legal system, then we should adopt new standards:http://tinyurl.com/833c5sh]

    We’ve now set a price for forgeries and fabricating documents. It’s $2000 per loan. This is a rounding error compared to the chain of title problem these systematic practices were designed to circumvent. The cost is also trivial in comparison to the average loan, which is roughly $180k, so the settlement represents about 1% of loan balances. It is less than the price of the title insurance that banks failed to get when they transferred the loans to the trust. It is a fraction of the cost of the legal expenses when foreclosures are challenged. It’s a great deal for the banks because no one is at any of the servicers going to jail for forgery and the banks have set the upper bound of the cost of riding roughshod over 300 years of real estate law.

    http://tinyurl.com/79spced

    Mortgage settlement is too little, too late for many

    To underwater homeowners such as Samuel Guzman, whose three-bedroom Westminster home was foreclosed in August, it’s all “too little too late.”

    “It’s not going to solve the problem,” said the hairdresser, who along with four family members is trying to avoid eviction. “It’s not going to make things right.”

    The sentiment was echoed outside a downtown Los Angeles building where California Atty. Gen. Kamala D. Harris announced the state’s role in the settlement. About 100 Occupy L.A. activists assembled to deride the deal, calling the government a “sell-out” that lets banks “off the hook.”

    http://tinyurl.com/83zvtlu

    Occupy Seattle vows counter-protest against Westboro Baptist church followers who will picket funeral for murdered children

    A notoriously anti-gay church plans to picket Saturday’s funeral for Charlie and Braden Powell and will be counterprotested by Occupy Seattle.

    Margie Phelps, daughter of the Topeka, Kan.-based Westboro Baptist Church’s founder, tweeted Wednesday night that the church will attend the boys’ memorial service. The protest is to “remind” Washington Gov. Chris Gregoire “they died because of her rebellion,” a reference to her support of same-sex marriages.

    Charlie Powell, 7, and Braden Powell, 5, were killed Sunday after their father, Josh Powell, blew up his house when they were dropped off for a supervised visit.

    Word of Westboro’s plans spread quickly online and Occupy Seattle sounded a call for its members to counterprotest the church. The group’s Facebook page said the church “has decided to capitalize on these sad events by bringing their unique brand of hate to Washington.”

    Occupy Seattle said its members don’t intend to disrupt the funeral, but want to “protect it from Westboro’s abhorrent message.”

    http://tinyurl.com/6wdjpgt

    Continue reading “The OB Media Rundown for 2/10/12” »

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