Wall Street

Wall Street Took Over A Vital Sign Language Service

November 24, 2024 Sarah Lazare, In These Times. Educate! Interpretation, Privatization, Sign Language, union busting, Unions, Wall Street, Worker Rights and Jobs

“Do no harm” is the guiding principle of American Sign Language (ASL) interpreters’ professional code of conduct. But when Joe Klug, 28, worked as a Video Relay Service (VRS) interpreter for a Twin Cities metro area office of Purple Communications, he says this principle was routinely violated. The VRS field, which allows Deaf and Hard of Hearing people to make phone calls by video interfacing with interpreters, is difficult and fast-paced work. While some calls are social, others can be serious: medical emergencies, job interviews, jargon-heavy discussions with lawyers or sensitive conversations with doctors.

BlackRock CEO: ‘Doesn’t Matter’ Who Wins US Election

November 5, 2024 Ben Norton, Geopolitical Economy. Resistance Report 2024 US Presidential elections, BlackRock, Donald Trump, Elections, Joe Biden, Kamala Harris, Wall Street

The billionaire CEO of BlackRock, the world’s largest asset manager, has said it “really doesn’t matter” who wins the US presidential election, because both Donald Trump and Kamala Harris will be good for Wall Street. “I’m tired of hearing this is the biggest election in your lifetime. The reality is over time it doesn’t matter”, said BlackRock chief Larry Fink at an October 21 conference hosted by the Securities Industry and Financial Markets Association, according to the Financial Times. “It really doesn’t matter”, Fink reiterated. He revealed that, at BlackRock, “we work with both administrations and are having conversations with both candidates”.

200+ Jewish-Led Protesters Arrested At New York Stock Exchange

October 16, 2024 Jessica Corbett, Scheer Post. Resist! Israel, Jewish Voice for Peace, New York (NY), New York City (NYC), Palestine, Palestine Solidarity, Wall Street, Weapons Embargo

As the Israeli assault of the Gaza Strip and Lebanon continued on Monday, over 200 Jewish-led protesters, including descendants of Holocaust survivors, were arrested at the New York Stock Exchange while demanding that the United States “stop arming Israel and profiting from genocide.” Jewish Voice for Peace (JVP)—which has led several anti-genocide protests across the country over the past year of war—said that hundreds of people joined the action in New York City. The advocacy group shared photos and videos on social media of participants in red T-shirts with messages including “Not in Our Name” and “Stop Arming Israel.”

135,900,000 Reasons Why The Working Class Is So Angry

October 7, 2024 Les Leopold, Scheer Post. Strategize! Class Struggle, Corporate greed, Wall Street, Worker Rights and Jobs

Since 1993, 60.2 million workers who had been on the job for at least three years have been laid off, according to the Bureau of Labor Statistics. Another 75.7 million with less than three years tenure have also been let go. Working people understand that the periodic ups and downs of the economy can legitimately lead to job loss. But they also know that in many cases the reason they lost their job was not mismatches in supply and demand. Rather, their jobs were sacrificed to satisfy out and out corporate greed. Workers know that when a private equity firm buys up the company at which they work, trouble lies ahead. Just ask the 33,000 workers at Toys R Us, who lost their jobs when that fabled company was driven into the ground by KKR, a huge private equity company.

The Corporate Campaign To Repeal The New York Stock Transfer Tax Rebate

September 26, 2024 Russell Mokhiber, Corporate Crime Reporter. Organize! History, New York (NY), Stocks, Taxes, Unions, Wall Street, Worker Rights and Jobs

Ray Rogers is a veteran of corporate campaigns – pressuring corporations to recognize unions and stop blocking progressive legislation. Unions have hired his organization Corporate Campaign in battles against Farah Slacks, J.P. Stevens & Co., Hormel, International Paper, American Airlines, Inc., Campbell Soup Co. and Coca-Cola. Now Rogers has launched a campaign to repeal the stock transfer tax rebate.

Corporations Plunder US West’s Water Amid Worst Drought In 1,200 Years

September 23, 2024 Katie Rose Quandt, Truthout. Educate! Drought, Environment, Privatization, Wall Street, Water

Rural La Paz County, Arizona, positioned on the Colorado River across from California, is at the center of a growing fight over water in the American Southwest. At the heart of the battle is a question: Should water be treated as a human right, to be allocated by governments with the priority of sustaining life? Or is it a commodity to be bought, sold and invested in for the greatest profits? As the West suffers its worst megadrought in 1,200 years, investors have increasingly eyed water as a valuable asset and a resource to be exploited. For years, investment firms have bought up farmland throughout the Southwest, drilling to new depths for their water-hungry crops and causing nearby wells to run dry.

Summer Of Heat Is Using Disruption To End Fossil Fuel Financing

August 30, 2024 Alice Hu, Waging Nonviolence. Resist! Big Banks, climate crisis, Divestment, Fossil Fuel, Wall Street

With millions being displaced by wildfires and floods, famine spreading and entire countries getting submerged, the fossil fuel industry is driving us off the cliff and must be stopped. One strategy the climate movement can take to turn the tide is pressuring economic elites to remove their backing for Big Oil. This is the main focus of the Summer of Heat on Wall Street, a sustained campaign of nonviolent civil disobedience against financiers like Citigroup, which has poured more money into fossil fuel expansion than any other bank in the world since 2016. Since June 10, the campaign has organized multiple disruptive civil disobedience actions every single week.

BlackRock And Wall Street Banks Profit From Israel’s Crimes In Gaza

July 8, 2024 Ben Norton, Geopolitical Economy. Resistance Report BlackRock, Gaza, Israel, Palestine, Wall Street, Wars and Militarism

Top UN human rights experts have called on Western weapons corporations to stop sending arms to Israel, arguing they could be complicit in war crimes. UN experts also warned that asset managers like BlackRock and Wall Street banks may be profiting from Israel’s brutal war on Gaza. This was stated in a press release published by the Office of the United Nations High Commissioner for Human Rights (OHCHR). “The transfer of weapons and ammunition to Israel may constitute serious violations of human rights and international humanitarian laws and risk State complicity in international crimes, possibly including genocide, UN experts said today, reiterating their demand to stop transfers immediately”, the press release said.

Is The Reign Of The Dollar Coming To An End?

June 21, 2024 Vijay Prashad, Tricontinental: Institute for Social Research. Educate! BRICS, De-dollarization, Global Economy, Wall Street

In early June, a rumour began to circulate – which was widely reported in the Indian press as true – that the government of Saudi Arabia had allowed its petrodollar agreement with the United States to lapse. This agreement, made in 1974, is quite straight-forward and fulfils various needs of the US government: the US purchases oil from Saudi Arabia, and Saudi Arabia uses that money to buy military equipment from US arms manufacturers while holding the income from the oil sales in US Treasury Bills and in the Western financial system. This arrangement to recycle oil profits into the US economy and the Western banking world is known as the petrodollar system.

A Fair Tax Agenda For Wall Street

June 15, 2024 Sarah Anderson, Inequality.org. Create! Economic crisis, Tax Reform, Wall Street, wealth inequality

Financial institutions still extract too much wealth from working families and funnel too much of that wealth into massive executive bonuses that encourage excessive risk-taking – and even financial fraud.[2] And, as we saw with the spate of regional bank failures in 2023, reckless executives can still drive their firms into the ground and walk away with grand fortunes while relying on taxpayer money to contain the damage.[3] Much more needs to be done to ensure our financial system contributes to a healthy economy and focuses on long-term value creation instead of short-term speculation that might pump up CEO pay but does little for the rest of us. Today’s hearing will examine one important tool for guiding Wall Street in this direction: tax policy. Next year, the scheduled expiration of several provisions in the 2017 Tax Cuts and Jobs Act will force a major tax debate in Congress.

‘Orca’ Activists Arrested In Front Of Wall Street Bank Over Fossil Fuels

June 14, 2024 Saul Elbein, The Hill. Resist! climate crisis, Climate Justice, Fossil Fuels, Summer of Dissent, Wall Street

New York police arrested dozens of climate activists dressed as orcas Tuesday morning in front of the Citigroup headquarters as they protested the bank’s ongoing investment in fossil fuel expansion, according to group Climate Defenders. “Arrests continue at [Citibank] because wanting corporations to put planet over profit is a crime,” activists wrote Tuesday morning on the social platform X. That caption went out above a video of orca-clad protesters, their fins cuffed behind their backs, being escorted from in front of the bank’s glass-walled Manhattan office building. “Banks like Citi set the planet (and oceans to boil),” the group added in another post. “Now we’re bringing the heat to Wall Street.”

Cities Are Taking On Uber’s Bullying

April 8, 2024 Mariah Montgomery, Inequality.org. Resist! Lyft, Minneapolis, Uber, Wall Street, Worker Rights and Jobs

If you’ve taken an Uber ride recently, you’ve probably noticed it cost a lot more than a few years ago. Why is that? We conducted the largest-ever study of rideshare fares to find out, and discovered a story of gaslighting and corporate greed that squeezes rideshare drivers and riders alike, while funneling our money to banks and billionaires. This month, Minneapolis passed an ordinance requiring rideshare corporations to pay drivers at least $1.40 per mile and 51 cents per minute. In a desperate attempt to block the pay floor, Uber and Lyft are threatening to leave the city, claiming that such a requirement would make rides too expensive for residents.

Fighting Wall Street’s War On Workers

March 2, 2024 Steve Early, Labor Notes. Strategize! Book Review, Corporatism, Wall Street, War on Workers, Worker Rights and Jobs

One of the occupational hazards of being a labor activist is over-exposure to “corporate bullshit”—on the job, in the community, and in politics. When workers try to win collective bargaining rights, employers conduct propaganda campaigns to spread every imaginable falsehood about the union. Once forced into negotiations, management shows up at the bargaining table with a new line of BS about not being able to afford union wage demands or agree to a grievance procedure. And in the legislative-political arena, corporate interests have long used disinformation to thwart labor campaigns.

We Deserve Medicare For All; What We Get Is Medicare For Wall Street

January 5, 2024 Les Leopold, Common Dreams. Strategize! Health Care, Medicare for all, Private Equity, Wall Street

The United States health care system—more costly than any on earth—will become ever more so as Wall Street increasingly extracts money from it. Private equity funds own approximately 9% of all private hospitals and 30% of all proprietary for-profit hospitals, including 34% that serve rural populations. They’ve also bought up nursing homes and doctors’ practices and are investing more year by year. The net impact? Medical costs to the government and to patients have gone up while patients have suffered more adverse medical results, according to two current studies. The Journal of the American Medical Association (JAMA) recently published a paper which found: Private equity acquisition was associated with increased hospital-acquired adverse events.

New Yorkers Shut Down Wall Street For Palestine

October 28, 2023 Fight Back News. Resist! International Solidarity, New York City (NYC), Palestine, Wall Street

New York, NY – Hundreds of people descended into Wall Street on October 27 for Palestine. The NYPD attempted to close off the entrances by barricading each access point, but that didn't deter those standing with the Palestinian resistance. The protest was organized by Within Our Lifetime and endorsed by many other organizations. Chants in front of the New York Stock Exchange included “Not another nickel, not another dime, no more money for Israel's crimes” and “Biden, Biden, you can't hide, we charge you with genocide!” Protesters began marching and completely took over NYC's Financial District.

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