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Black History Month

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Occupy Wall Street Updates

corporations not people

Since their first issue in December 2011, Tidal has made it their practice to give name to our struggle, wrestling with the big ideas that propel us into the streets, with what we should do when we get there, and with where there in fact is.

This Friday, the folks at Occupy Theory will release their fourth issue of the magazine, featuring original pieces by organizers of Occupy Wall Street, Occupy Sandy, Strike Debt and Free University. Join them that night for conversation as we move together towards the empowerment that greater clarity and the free exchange of ideas can bring.

-- from the ‘Your Inbox: Occupied’ team

Occupy in the News

Jenna Pope documented last Sunday’s Forward on Climate Rally. Beautiful sights--the vistas of activists in D.C. to make their voices heard about climate change--beautifully captured.

Kevin Gosztola writes at FireDogLake’s The Dissenter blog about the recent history of climate change actions and points out just how high the stakes are. Our only hope to defeat the monstrosity of the Keystone XL Pipeline is continued, passionate action, that is to say, “...if everyone demonstrating channeled the spirit of the Occupy movement...”

Les Leopold of the Huffington Post explains why “the raison d’etre for Occupy Wall Street is proving correct. Much of high finance is based on a ‘corrupt business plan.’” Proof of Wall Street’s corruption continues to mount, with ratings agencies on the take, money laundered for drug cartels, and rampant insider trading, among many other ethical and moral malignancies.

On occupywallstreet.net Heather Marsh argues for a society with no financial system at all, a currency-free system in which the endless cycle of excessive consumption and meaningless busywork is ended. The proof that this could work already exists. “With no financial incentives,” Marsh says, “the internet has managed to create collaborative efforts which have pushed the potential of society far beyond what could have been possible before the internet.”

On the OWS Direct Action Blog, Mark Adams gives us the push we need to meet, to talk, to plan for spring.

Revisit Liberty Plaza in full swing in Why We Occupy, an open-source book of interviews gathered in the park in 2011. See the park grow and change in real-time through the heartfelt words of the participants.

Continue reading »



Elderly Civil Rights Activist Faces Foreclosure, Eviction

I've lost count of the number of reports I've read in recent years of an elderly person facing the trauma of losing their home to foreclosure and being taken by ambulance to the hospital on eviction day due to the effects of stress on their physical health. Or those who would rather end their own lives rather than face the possibility of being put out on the streets in their senior years.

The story of 78-year-old Helen Bailey is especially poignant this Black History Month, as she was active in the civil rights movement and marched with Martin Luther King.

Change.org has started a petition calling on Chase Bank to make a settlement with Ms. Bailey, and cancel any scheduled foreclosure auction:

Helen Bailey is a 78-year-old grandmother who participated in the civil rights movement, worked as a childcare provider for autistic children, and was a community volunteer. She has paid her mortgage since 1999, but now she can't keep up the payments. All she wants is to stay in her home until she dies, in the neighborhood where she feels safe and has lived for nearly quarter of a century. She could have refinanced with a company willing to let her live in the house for free until her death, but Chase Bank would not reduce her principal by $9,000. She's been paying 7% interest, well above most rates, so Chase could have decided they had made enough. Instead, they have started foreclosure and Ms. Bailey could end on the street.

Since then, Ms. Bailey's lawyer has found an alternate buyer for her home. This sale would provide Ms Bailey with an exit from her current mortgage and allow her to pursue other options for housing. We request that Chase:

· accept the offer of $85,000
· write off any deficiency between the loan balance and the offer
· waive all interest, legal fees and penalties accrued since the initial refinance offer
· cancel any foreclosure auction scheduled

It has been estimated that at foreclosure, Chase may lose over $30,000 compared to this settlement offer. Therefore this option makes the most sense financially for Chase and given Ms Bailey's specific circumstances, there is little moral hazard in this solution.

If you'd like to add your name to the petition calling on Chase to keep Ms. Bailey in her home, you may do so online here.