Ummid Assistant

Jamia Millia launches courses on China, Afghanistan

IGNOU launches value education programme for teachers

Welcome Guest! You are here: Home International

'Occupy Wall Street' growing bigger by the day

Thursday October 13, 2011 06:52:01 PM, Arun Kumar, IANS

Related Articles

Occupying Wall Street will topple capitalism: Iranian leader

Demonstrations against Wall Street will "topple Western capitalism", Iran's Supreme Leader Ayatollah Ali Khamenei said Wednesday. "The anti Wall Street protests are very important and their significance is being minimised by American  

New York police clash with citizens protesting over economic crisis

Over half of Americans aware of Occupy Wall St protests

Protesters surge, New York mayor warns them to stay away from banks

Washington: As a protest movement against corporate America grows bigger by the day, Citigroup's Indian American CEO Vikram Pandit thinks the sentiments of the Occupy Wall Street protesters are "completely understandable".

"Their sentiments are completely understandable," Pandit said in an interview Wednesday with Fortune Magazine. "The economic recovery is not what we all want it to be, there are a number of people in our country who can't achieve what they are capable of achieving and that's not a good place to be."

"I would also corroborate that trust has been broken between financial institutions and the citizens of the US and that it's Wall Street's job to reach out to Main Street and rebuild that trust," Pandit said adding "I'd be happy to talk to them any time they want to come up."

Several hundred people tied to the movement marched on the New York City homes of Wall Street figures, including billionaire hedge fund manager John Paulson and JP Morgan Chase & Co CEO Jamie Dimon Wednesday. Four people were arrested outside Dimon's offices as protesters called in vain for a meeting with him.

Pandit, who bought a 10-room apartment on the Upper West Side for $17.9 million in 2007, said he would tell the protesters how Citigroup, the third-biggest US bank, is trying to increase lending to small businesses.

Originally called for by the Canadian activist group Adbusters, Wall Street rallies started last month in New York's financial district Sep 17 protesting against income inequality, corporate greed, the power of financial institutions and advocate higher taxes for the wealthy.

As the protests inspired similar demonstrations in some 70 cities across America, news media coverage of the Occupy movement has spread, too, to the front pages of newspapers and the tops of television newscasts.

Coverage of the movement last week was, for the first time, quantitatively equivalent to early coverage of the Tea Party movement in early 2009, according to data released Wednesday by the Pew Research Centre.

Meanwhile, the movement, which has been compared by some to the Arab Spring movement, sparked clashes in the national capital Washington DC and Boston where scores of protesters were arrested Tuesday.

In Boston, scores of protesters were arrested Tuesday morning, including a group of veterans, in one of the largest mass arrests in recent Boston history.

In Washington, six people were arrested as protestors entered a Senate office building and began chanting loudly and unfurling banners calling for the end of overseas wars and for increased taxes on the rich.

As the anti-Wall Street protest reached San Francisco Wednesday, protestors surrounded the Wells Fargo Bank corporate headquarters and blocked its entrances leading to the arrest of 11 demonstrators.

Pledging to "foreclose the banks," demonstrators marched protesters posted blown-up foreclosure notices on the doors, held up by stickers reading, "We are the 99 percent."



(Arun Kumar can be contacted at arun.kumar@ians.in)



 

 

 

 

 

 

Bookmark and Share

Home | Top of the Page

 

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

 

 

 

Top Stories

Kashmir interlocutors submit report, focus on development

Advocating "meaningful autonomy" and speedy development, the three interlocutors on Jammu and Kashmir submitted their report to Home Minister P. Chidambaram  

Prashant Bhushan attacked for Kashmir comments, one held

Hope in Kashmir as interlocutors begin mission

 

  Most Read

Indian rocket successfully launches four satellites

India became the second nation in the world to launch such a mission. The Indian Space Research Organisation's (ISRO) rocket Polar Satellite Launch Vehicle (PSLV) scored past the half  

Chinese troops in Pakistani Kashmir a concern: Antony

India Wednesday reiterated its concern over the presence of Chinese military personnel in Pakistan administered Kashmir, saying that it had already conveyed its objections to Beijing. Defence Minister A.K. Antony told reporters after opening the four-day navy commanders conference here that India 

 

  News Pick

India-Vietnam ties factor of peace in Asia-Pacific: PM

Prime Minister Manmohan Singh Wednesday called India's strategic partnership with Vietnam "a factor of peace, stability and development" in the Asia-Pacific region and that it stood "on its own merits". 

Chhattisgarh police treating me like criminal: Tribal teacher

Soni Sori, the tribal teacher who was held in Delhi last week on charges of being a Maoist conduit and is hospitalised here with head and back injuries, Wednesday said Chhattisgarh Police were treating her like a criminal.  

Telangana strike completes a month, buses off roads

The indefinite "people's strike" in Telangana region of Andhra Pradesh to demand a separate state completed 30 days Wednesday. The administration remained paralysed as government  

 

Picture of the Day

Girl students of a local school displaying the post cards posted to the AMU VC appealing him to speed up the process for the establishment of AMU centre in Malegaon

(Photo: ummid.com)

 

 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Religion

RSS

Scholarships

About us

International

Culture

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

     

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.