Occupy Wall Street protest grows
CBC News
Posted: Oct 6, 2011 4:55 PM ET
Last Updated: Oct 6, 2011 8:12 PM ET
Related
The Occupy Wall Street protest picked up more momentum Thursday, with supporters saying it has spread to hundreds of cities worldwide.
The protest even inspired questions at U.S. President Barack Obama’s news conference at the White House, where the president said the demonstrators are expressing the frustrations of the American public.
The website Occupy Together said the movement had gained supporters in 670 cities and Americans continued to post hundreds of photos to the Tumblr blog We Are The 99 Percent, contrasting themselves with the wealthiest one per cent of Americans.
And activists have been showing solidarity with the movement in many U.S. cities, including Los Angeles, Philadelphia, Boston, Seattle, Austin, Texas and Providence, R.I.
In Los Angeles, police arrested about 11 anti-Wall Street demonstrators who entered a Bank of America during a march by hundreds of union members, students, activists and others among downtown highrises containing offices of banks and other financial businesses.
Police Cmdr. Blake Chow said the group sat down in the lobby and refused requests by the manager and employees to leave. Police were then called.
Demonstrators have also been camping out at Los Angeles City Hall for the past week and say they may continue to do so through the winter.
Protests are planned in Canadian cities such as Vancouver, Montreal and Calgary. On Oct. 15, a group plans on staging a sit-in in Toronto’s financial district.
The protests began on September 17 when a few dozen demonstrators tried to pitch tents in front of the New York Stock Exchange but were turned out by police.
Since then, hundreds have gathered at their base at Zuccotti Park, not far from the exchange.
The protestors have many causes, but much of the focus is on Wall Street practices and economic inequality.
The number of demonstrators at the Occupy Wall Street protest grew from a few dozen to hundreds at Zuccotti Park Thursday in lower Manhattan. Bebeto Matthews/Associated PressObama acknowledged that, saying the government must ensure the financial sector remains healthy, but not by allowing Wall Street banks to compete “on the basis of hidden fees, deceptive practices or derivative cocktails that nobody understands and that expose the entire economy to enormous risks."
Among some protesters, reaction to Obama's acknowledgment was less than enthusiastic.
"His message is that he's sticking to the party line, which is, `We are taking care of the situation.'
But he's not proposing any solutions," said Thorin Caristo, a 37-year-old antique store owner from Plainfield, Conn.
On Wednesday, thousands of protestors, including many from unions, marched through lower Manhattan.
Labour leaders pledged continued support with manpower and donations of goods and services.
"The great thing about Occupy Wall Street is that they have brought the focus of the entire country on the middle-class majority," said George Aldro, 62, a member of Local 2325 of the United Auto Workers, as he carried the union's blue flag over his shoulder through lower Manhattan.
"We're in it together, and we're in it for the long haul."
Activists, shown Wednesday, have been camped out in front of Los Angeles City Hall in solidarity with the Occupy Wall Street protest. Frederic J. Brown/AFP/GettyThe escalation in support for the movement came a day before the government’s release of its latest U.S. employment report, which was widely expected to show the jobless rate remains at 9.1 per cent for a third straight month.
Nearly one-third of the unemployed — nearly 4.5 million people — have had no job for a year or more, a record high.
Several Democratic lawmakers have expressed support for the protesters, but some Republican presidential candidates have rebuked them.
Herman Cain called the activists "un-American" Wednesday at a book signing in St. Petersburg, Fla.
"They're basically saying that somehow the government is supposed to take from those that have succeeded and give to those who want to protest," the former pizza-company executive said.
"That's not the way America was built."
On Tuesday, CBS reported that former Massachusetts Gov. Mitt Romney called the protest "class warfare" at an appearance at a Florida retirement community.
With files from The Associated PressShare Tools
Top News Headlines
- Court freezes assets in widening SNC-Lavalin probe
- The RCMP are moving to freeze millions of dollars in bank accounts and real estate holdings in Montreal and Florida in their expanding probe into Canadian engineering firm SNC-Lavalin. more »
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- Beset by three so-called scandals at the moment, Barack Obama has been meeting his accusers and the press head on, Neil Macdonald writes. The same cannot be said for how Stephen Harper operates. more »
- U.K. emergency committee meets after London attack
- WARNING: This story contains graphic content. The British government's emergency committee is going to meet after two attackers butchered a man in a brutal daylight attack in London that officials say had signs of being motivated by radical Islam. more »
- Needed: New approaches to defuse 'suicide contagion' among teens
- Mental health experts say we need to find new ways to refer to and discuss suicide, particularly now that a large medical study has confirmed that teens are more susceptible to the idea if they know a schoolmate who died that way. more »
Must Watch
Latest Business Headlines
- Real estate site Zoocasa adds MLS listings, agent recommendations
- Zoocasa, an upstart real estate company owned by Rogers, has launched a revamped website that aims to compete with Realtor.ca by presenting MLS listings in a more user-friendly format and connecting clients with realtors from major agencies.
more »
- Court freezes assets in widening SNC-Lavalin probe
- The RCMP are moving to freeze millions of dollars in bank accounts and real estate holdings in Montreal and Florida in their expanding probe into Canadian engineering firm SNC-Lavalin. more »
- U.S. Republicans aim to take hold of Keystone XL decision
- The American political brawl over the approval of TransCanada's proposed Keystone XL pipeline shifted into overdrive on Wednesday as Republicans in the House of Representatives made yet another attempt to take the decision out of U.S. President Barack Obama's hands. more »
- Cooling housing market will cost us 150,000 jobs, mortgage group warns
- The government's effots to cool the housing market will have a negative impact on the economy and the range of industries that depend on house sales — everything from mortgage financing to furniture and appliance sales — the group that represents the mortgage industry says. more »
- German software firm SAP plans to hire hundreds with autism
- German software firm SAP says it wants to hire hundreds of people with autism to work as programmers and testers for its products. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12752.50 | 10.07 |
| DOW | 15307.17 | -80.41 |
| NASDAQ | 3463.30 | -38.82 |
| SP 500 | 1655.35 | -13.81 |
| TSX-VENTURE | 942.08 | 2.67 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- Killing near London barracks probed as 'terror' act
- 2nd suspect named in Tim Bosma slaying
- Rob Ford fired as Don Bosco Eagles football coach
- Senators' Alfredsson on defeating Penguins: 'Probably not'
- Harper 'not consulted' about Duffy Senate expense repayment
- Xbox One: A closer look
- Plumber's car explodes near Vancouver apartments
- 'You will see him again in heaven,' Sharlene Bosma tells daughter
- 1.3 million Montrealers face boil water advisory

