U.S. Economy Topics

Democracy Now! stories, posts and pages that relate to U.S. Economy

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Occupy Wall Street Camps in Los Angeles, Philadelphia Dismantled in Massive Police Raids

Some 1,000 police officers raided the Occupy Los Angeles encampment in a park outside City Hall overnight, arresting scores of people and evicting what has been the largest Occupy camp in the country. Meanwhile, Occupy Philadelphia protesters vacated their encampment this morning after more than a thousand police moved in and warned them of mass arrests. We get eyewitness updates on both raids from National Lawyers Guild legal observer Ken Montenegro...
Nov 30, 2011 | Story
Occupy Everywhere: Michael Moore, Naomi Klein on Next Steps for the Movement Against Corporate Power

How does the Occupy Wall Street movement move from "the outrage phase" to the "hope phase," and imagine a new economic model? In a Democracy Now! special broadcast, we bring you excerpts from a recent event that examined this question and much more. "Occupy Everywhere: On the New Politics and Possibilities of the Movement Against Corporate Power," a panel discussion hosted by The Nation magazine and The New School...
Nov 25, 2011 | Story
"Pulling Accounts From the Unaccountable." By Amy Goodman

Even though Heather Carpenter was outside of Citibank, a plainclothes officer had identified her as an Occupy Wall Street protester. She said she was a customer and showed her receipt. To her shock, as documented by video, Heather was grabbed from behind by a plainclothes officer who began forcing her into the bank. She screamed, but within seconds disappeared into the vestibule, surrounded by a dozen cops, where she was roughly handcuffed and...
Nov 23, 2011 | Columns & Articles
Reporter Greg Palast Exposes How U.S. "Vulture" Funds Make Millions by Exploiting African Nations

American "vulture" investors, including a top funder of the Republican Party, have demanded that African nations pay over half a billion dollars for old debts, for which the investors paid only a few million. One New York vulture speculator, Peter Grossman of FG Capital Management, is demanding $100 million from the Democratic Republic of Congo. Is he collecting a legitimate debt from the Congo, or is the vulture’s claim based...
Nov 22, 2011 | Story
America's Not Broke: Solving the Debt Crisis by Making Nation More Equitable, Green & Secure

The bipartisan so-called "supercommittee" has failed to reach an agreement on reducing the federal deficit after three months of negotiations over taxes and spending. The full Congress will now have a little over a year to come up with an alternative. A trigger of $1.2 trillion in automatic spending cuts over 10 years to military and domestic programs takes effect in 2013. "What people need to remember is that we are a rich country...
Nov 22, 2011 | Story
UC Davis Student Describes Pepper Spray Attack on Occupy Campus Protesters

A video that spread rapidly online shows University of California, Davis, campus police officers pepper-spraying student protesters at close range on Friday at point-blank range as they sat together to protest the dismantling of the "Occupy UC Davis" encampment. The two officers involved in the incident were placed on administrative leave, and the incident has sparked calls for the resignation of UC Davis Chancellor Linda Katehi, who...
Nov 21, 2011 | Story
Occupy Wall Street Draws Massive Turnout in NYC and Across the Nation to Mark 2-Month Milestone

The Occupy Wall Street movement entered its third month Thursday with protests against the economic system in dozens of cities across the country. Reports estimated some 300 people were arrested nationwide, with the majority of the arrests taking place in New York City when protesters attempted to shut down the New York Stock Exchange. "We effectively shut down Wall Street this morning. We did it with our stories, with our bodies, with our...
Nov 18, 2011 | Story
Hip-Hop Legend Russell Simmons, Member of the 1%, on Why He Supports the 99% and OWS

Two months ago, legendary hip-hop entrepreneur Russell Simmons was one of the first high-profile public supporters to come to the Occupy Wall Street encampment at Zuccotti Park in Lower Manhattan. Thursday morning, he was there again to speak to Democracy Now! host Amy Goodman. "We don’t want Wall Street to control our future, and that’s why we’re on Wall Street. And what we’d like is for the people to control their...
Nov 18, 2011 | Story
New York City Students Join OWS Day of Action with Union Square Rally, March

Among the many Occupy protests throughout New York City yesterday was a rally that attracted more than a thousand students to Union Square, a public park with a long history of political demonstrations. During a march out of the park, hundreds of people thronged into the street and attempted to occupy a New School building. We speak with a New York University student participating in the march and a New School professor who has incorporated the...
Nov 18, 2011 | Story
The Revolution Will Be Live-Streamed: Global Revolution TV, the Occupy Movement's Video Hub

For the past two months, a website called Global Revolution TV has become the main video hub for the Occupy Wall Street movement. Featuring live video feeds from New York and dozens of other cities hosting Occupy protests, the site has transformed how protests are covered and observed. When OWS protesters hold a general assembly in Zuccotti Park, the gathering is usually live-streamed across the world. When police raided the park early on Tuesday,...
Nov 18, 2011 | Story