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Occupy Wall Street in New York running out of cash

Discussion in 'The NF Café' started by baconbits, Mar 14, 2012.

  1. baconbits Moderator

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    Occupy Wall Street in New York running out of cash


    By Michelle Nichols

    NEW YORK, March 9 (Reuters) - New York's Occupy Wall Street group is warning it could run out of money by the end of the month, raising questions about the future of the movement that sparked nationwide protests against economic injustice last year.

    Donations to the group have slowed six months after it set up camp in a park near Wall Street, igniting the Occupy movement across the United States.
    A report by Occupy Wall Street's accounting group for the week ended March 2 showed it had $44,828 in a general fund in addition to $90,000 set aside to bail protesters out of jail during planned "American Spring" protests.

    The report said, "At our current rate of expenditure, we will be out of money in THREE WEEKS."

    The report - posted on the group's websitewww.nycga.net - showed $1,556 had been raised that week, while $14,942 had been spent on the group's kitchen, street medics, New York bus and subway passes, and printing costs.

    The latest donation total constrasted sharply with the estimated $500,000 the group raised within weeks of setting up camp at Zuccotti Park on Sept. 17.
    Since Occupy Wall Street began, it has received more than $730,000 in donations, according to the accounting group. It has a fiscal sponsor, the Tucson-based Alliance for Global Justice, which allows donations to be tax exempt.

    Critics say the Occupy movement lacks direction and specific demands and has lost momentum. Occupy protest crowds in New York and other U.S. cities have tended to number only in the hundreds, despite the group's social media savvy.
    But Occupy Wall Street spokesman Ed Needham said, "The success of the movement has never depended on money."

    "Occupy Wall Street is about our abundant human resources - the creative talent, dedication and sweat equity of people here and elsewhere that have decided to stand up against a corrupt and unjust society run by a powerful elite few," he said.

    'AMERICAN SPRING'

    Inspired by the pro-democracy Arab Spring movement and Spain's "Indignados" movement, Occupy sparked a national debate about economic inequality and has influenced the political debate in this year's U.S. presidential election campaign.

    The Occupy movement, which prides itself on being leaderless, has struggled to grow beyond the initial protest camps that sustained it.

    Christine Crowther of the Occupy Wall Street accounting group said the group had "a lot planned for the spring and we fully expect the money will start flowing in again,"

    A march is planned for March 17 to mark the group's six-month anniversary. Needham said there would also be "Occupy the Fundraisers" protests against money in politics, a March 24 protest against the fossil fuel industry's spending on lobbyists and an April 25 protest against U.S. student debt hitting $1 trillion.
    Crowther said the $90,000 bail fund would allow Occupy members to keep taking to the streets to protest. More than 1,000 people were arrested in previous Occupy protests in New York.

    "While we give the dire warning (on finances) so that people will be conscious and considerate of how we're spending our money, we are still going to be able to take care of our people in the way that really matters - making sure that their bail and their court fees are paid," Crowther said.

    Occupy Wall Street protesters have been scattered across New York since their camp was evicted from Zuccotti Park in November.

    A number of churches offered places to stay for some of the several hundred people who had traveled to New York to join the protest. Occupy Wall Street has also appealed online for more people to "host an occupier in your home and help sustain the movement."

    It has been spending several thousand dollars a week on transit passes so protesters can travel to an office space the group has been using in Lower Manhattan and a public atrium of a Wall Street skyscraper it uses for meetings.

    --

    http://www.reuters.com/article/2012/03/09/usa-occupy-funds-idUSL2E8E9GFU20120309

    --

    OWS is running low on money. Its hilarious that they have to set a fund to bail their members out though ? they are essentially admitting they plan to act like a bunch of thugs.
     
  2. Mael Well-Known Member

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    Maybe RP can fund him, since he "supports" them and has cash.

    This man has obviously never heard of or read about the concepts of logistics for any sustained operation.

    But I'll tell you what, OWS. You start getting more involved in actually affecting politics, shed the Fawkes masks, the bongos, the Burning Man, the trolling of NYC subway commuters, and everything that made people detest you and I MIGHT just throw in some dollars to your cause.

    Because like it or not, money matters.
     
  3. baconbits Moderator

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    They might get a little more funds if they can get the top 1% of their supporters to donate some money...
     
  4. Mael Well-Known Member

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    Oh ho...saw wut u did thar.

    :LOS

    But seriously, anyone who thought this movement could go anywhere without money but fueled by idealism and ideas is pants-on-head stupid. The OWS raises a few legitimate concerns, particularly the banking industry and lobbying, but their inability to deliver a concise message and coagulate into a mass that could affect local, state, and federal politics cost them. Plus boneheaded moves like blocking streets for hardworking DC residents or trolling NYC subway commuters (in New York fucking City of all places where you could get stabbed in some areas doing that i.e. Staten Island sorry Lou but lol Staten) cost them PR points. I'd like to see if they actually have a better plan than break shit (Oakland), sit there (Boston), or rant to bank employees (NYC).
     
  5. MF NaruSimpson In memory of Trayvon

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    OWS should take your approach up, sit on the sidelines, whine and knock other people's efforts.
     
  6. GrandLordAtos Kaito Kid was here~

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    This kinda just proves what I've thought about OWS all along. They're disorganized, ineffective in their message, and have no realistic outcome in mind. Look where it got them. :facepalm These occupy movements are just a bunch of morons who think they're doing the 'right thing', but end up causing more damage than help, if primarily for the fact that they're so disorganized in their efforts. Like a guy taking a shot in the dark, they'll miss their mark almost guaranteed.

    Honestly, I can understand why they're doing this. I just loathe the methods they're using. This is no way to convey a message or provoke change in any governmental system. It's little more than poking a hornet's nest with a stick.
     
  7. Mael Well-Known Member

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    Well when its supporters like you keep pushing this "NO U B'AWWWWW" mantra, is it any surprise they failed?

    Keep dreaming, man. Keep deluding yourself they had no faults at all.

    I wouldn't say poking a hornet's nest. It's more like sitting there crying that the hornet's nest exists without providing the bug spray to dispose of it...or having any concrete idea as to remove the nest to begin with.
     
  8. MF NaruSimpson In memory of Trayvon

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    the OWS are progressives, they aren't military robots with executing an order. they don't operate how you wish they would, it's anathema, if you don't get that you don't understand progressives at all.
     
  9. Megaharrison Eternal President of the Cafe Advisor

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    If only public defecating was tax deductible.
     
  10. Mael Well-Known Member

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    Yeah I'm sorry I'm going to need more concrete statements from them besides a hipster-esque "You just don't get it maaaaaaan."

    They operated their own way and lost popularity. What do you do when you fail? Adapt, change, and try again.

    Your stubbornness is hilarious.
     
  11. MF NaruSimpson In memory of Trayvon

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    it's a protest, not operation wall street or mission objective destroy wall street. good to know where ur coming from though
     
  12. Mael Well-Known Member

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    So again you've got nothing but mindless retorts.

    Later dude. I'll make sure to ignore your inane viewpoint on this issue going forward.
     
  13. Bishop Pharroh

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    I already donated mass amounts to them, screw them. No one can call me evil.
     
  14. Mathias124 Active Member

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    Being a dirty hippie is not an effort.
     
  15. neko-sennin AKA shadesmaclean

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    ...And this was the natural outcome of the movement as it was played. :(

    Sad to think there were so many legitimate grievances they could bring to bear, if only they had a plan of action more extensive than public disruption...

    I'm kinda surprised it's lasted as long at it has, given how little it's accomplished. There's no need for the Have Mores to impose Absolute Despair when their most public challengers were setting themselves up for it all along. All they have to do is sit in their cushy chairs and wait out the storm until it's spent.
     
  16. HK-47 GB's Icon

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    Good riddance imo.
     
  17. Roman ABSOLUTE JUSTICE

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    Last I heard about them, they were going to protest in front of govt establishments rather than Wall Street. What happened to that exactly? That was actually a step in the right direction.
     
  18. Mael Well-Known Member

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    I think they're still planning, which as you just said is a step in the right direction. Tea Party, astroturf or not, did this and yielded results. Let's see if it happens from the other side.

    Wall Street never gave a shit.
     
  19. MF NaruSimpson In memory of Trayvon

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    the govt went out of it's way to interfere with the ability of OWS to stage long term protests, that's what happened, and it's a shame more people don't know and complain about it.
     
  20. Unlosing Ranger The Heart Ignites

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    They should form a church of wall street :maybe
     
  21. Roman ABSOLUTE JUSTICE

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    Wall Street never gave a shit because in the end, it's not gonna stop their business, it's not gonna stop people from investing and speculating beause they have long-term interests with them as well. Wall Street never had anything to lose, nor has it really shown that it cares for its clients.

    I see. So much for freedom of speech. God Bless America :giogio
     
  22. PureWIN Mr. Prince

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    They're still out there?! Wow. I'm mildly impressed, but I still don't care about them.
     
  23. Sanity Check away fighting dragons

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    I still think their approach is a bad one.

    They're anti-corporate Jehovah's Witnesses.

    That may have worked in the 1940's - 1960's, but not quite a good method today.

    They would be better off posting clips on youtube and trying to get something funny, informative or entertaining with a potential to achieve viral marketing.

    The 1 - 5 million views they would get if they succeeded would be exponentially more exposure than they can achieve protesting on street corners like prostitutes.

    Eh.. bad post. :giogio
     
  24. Shinigami Perv Go Hawks!

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    This is why people call Americans idiots.

    Let's bash people protesting a system we know is corrupt and has corrupted our government.

    The knee-jerk disdain for anyone who protests anything is depressing, I suspect because there are many idiot fathers who taught their children that Vietnam protestors lost us that war. It doesn't matter who it is, PETA, anti-war crowds, even the most harmless of causes gets the immediate reaction of "lol protestors they're stupid", which is exactly how people in power want you to act.
     
  25. Sanity Check away fighting dragons

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    Nope, nope.

    Which is easier & more efficient.

    A. Protesting on a street corner. Reaching maybe 10-100 people, everyday. Most are too busy going to work and can't take the time to listen to what you have to say. Some are apathetic and just don't care. And, even if some listen to you there's no guarantee that you'll be able to frame what you want to see accurately or well within the short time of span you have to get your point across.

    B. Use the internet. A good youtube clip can easily reach 1 million+ viewers. Its a better platform for getting your ideas and views across than standing on a street corner talking to someone. You dont risk being arrested and you can rest assured that if people view your clip it may be because theyre interested and have the time to watch and listen. Also, if you can make a funny or entertaining clip that anyone can empathize with you can reach people who normally might not want to listen to what you have to say.

    Standing on street corners is like taking a knife to a gun fight.

    It has absolutely nothing to do with kneejerk reactionism or bashing protestors. Thanks.
     
  26. Shinigami Perv Go Hawks!

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    OWS has reached hundreds of millions of people by making the nightly news. They have politicians commenting on them and even our own president. How many people haven't heard their name?

    Just putting up a Youtube video wouldn't have been as successful, people can ignore that. There are thousands of political videos on Youtube that can't even get 10k views.
     
  27. Mael Well-Known Member

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    Lol hundreds of millions. Yeah no.
     
  28. Shinigami Perv Go Hawks!

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    How many people around the world have at least heard of Occupy Wall Street or seen the initials OWS?

    Here is a google search

    "Occupy Wall Street" in quotes = About 594,000,000 results (0.25 seconds)
     
  29. MF NaruSimpson In memory of Trayvon

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    your exactly right, no single youtube video is distinguishable from another , regardless of the value of the content, very few people go on youtube for worthwhile political discussion.

    OWS even has a competent media arm, that can publish, create, distribute, etc very effectively. so does the free syrian army.

    your also right about the knee jerk disdain for protestors, calling them dirty hippies and burning man wannabes. these classic insults go back to the 60s.
     
  30. Sanity Check away fighting dragons

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    Making the news isn't the same as having people hear your message.

    A 30 second clip of hippies standing on a corner waving signs being arrested doesn't necessarily do anything to further your cause.

    Considering how accessible information is over the internet and how convenient it is to advertise that may be the most logical thing to tap.

    A lot of people wouldn't be willing to listen to someone on a street corner, but they might be open to watching something on youtube or elsewhere...

    There are a lot of people who are college students with no money and no resources who achieve more than a million hits on youtube, btw. That's where being funny and entertaining & being able to market well as opposed to just 'political' comes in.

    Do they? I did a search and got nothing...
     

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