Spring 2012 Seminars
Bartlett Room, Newhouse II (same room as fall seminar)
8:30 to 9:00 am coffee
9:00 to 2:00 pm
Downstate Friday May 11, 2012 SU Lubin House 11 E 61st Street, Manhattan 8:30 to 9:00 am coffee 9:00 to 2:00 pm Seminar
Bartlett Room, Newhouse II (same room as fall seminar)
8:30 to 9:00 am coffee
9:00 to 2:00 pm
Downstate Friday May 11, 2012 SU Lubin House 11 E 61st Street, Manhattan 8:30 to 9:00 am coffee 9:00 to 2:00 pm Seminar
Read more: http://www.businessinsider.com/what-wall-street-protesters-are-so-angry-about-2011-10?op=1#ixzz1b30Sbgiv
The “Occupy Wall Street” protests are gaining momentum, having spread from a small park in New York to marches to other cities across the country.
So far, the protests seem fueled by a collective sense that things in our economy are not fair or right. But the protesters have not done a good job of focusing their complaints—and thus have been skewered as malcontents who don’t know what they stand for or want.
(An early list of “grievances” included some legitimate beefs, but was otherwise just a vague attack on “corporations.” Given that these are the same corporations that employ more than 100 million Americans and make the products we all use every day, this broadside did not resonate with most Americans).
So, what are the protesters so upset about, really?
Do they have legitimate gripes?
To answer the latter question first, yes, they have very legitimate gripes.
From: http://tinyurl.com/3f9ygxr
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“Who Increased the Debt? President Reagan 189%. President GHW Bush 55%. President Clinton 37%. President GW Bush 115%. President Obama 16%.”
— Data on a chart floating around the Web this week (an older version of the chart above)
There’s a saying attributed to Winston Churchill that goes something like this: “A lie gets halfway around the world before the truth has a chance to get its pants on.”
Posted from Diigo. The rest of SUPA Economics group favorite links are here.