Occupy Wall St. Defeats NYC Eviction Attempt

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Occupy Wall St. Defeats NYC Eviction Attempt

Vet Wounded By Police At Occupy Protest Reaches $4.5 Million Settlement

AP Photo / Beck Diefenbach

An Iraq War veteran who was wounded by police during a 2011 Occupy protest in Oakland, Calif. has reached a $ 4.5 million settlement with the city, The San Francisco Chronicle reported on Friday.

Scott Olsen, 26, was struck in the head by a beanbag fired by a police officer on Oct. 25, 2011. He was part of a protest against the police clearing of an Occupy Oakland encampment outside City Hall.

“We’re very pleased that Scott is finally getting some compensation,” Rachel Lederman, one of Olsen’s attorneys, told the Chronicle. “He was very seriously injured and sustained some serious brain damage as a result of being shot at close range.”

Olsen filed a federal lawsuit over the incident, which stated that the beanbag had fractured his skull and caused “severe hemorrhaging of his brain.” The Oakland City Attorney’s office announced Friday that it would pay Olsen $ 1.8 million, while the city’s insurance carrier would pay the balance of the settlement.

“Mr. Olsen suffered a tragic injury that will affect him for the rest of his life,” City Attorney Barbara Parker said in a statement. “This settlement will save the City the far greater costs of a trial and potentially much higher judgment. This is a fair settlement given the facts of the case and the significant injuries Mr. Olsen sustained.”

According to the Chronicle, Olsen enlisted in the Marines in 2006, served two tours in Iraq, and was discharged in 2010.

All TPM News

Vet Wounded By Police At Occupy Protest Reaches $4.5 Million Settlement

Taiwan students occupy legislature over China trade deal

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Taiwan students occupy legislature over China trade deal

National Consensus On Inequality Deepens Post Occupy Encampments

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National Consensus On Inequality Deepens Post Occupy Encampments

Occupy protesters take on Bohemian Grove

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Occupy protesters take on Bohemian Grove

Occupy Activist Faces Up to Seven Years in Jail for "Assault" on Police Officer

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Occupy Activist Faces Up to Seven Years in Jail for "Assault" on Police Officer

Why the "Occupy" Movement is Happening

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Why the "Occupy" Movement is Happening

Michael Moore explains Occupy Wall Street to the BBC

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Michael Moore explains Occupy Wall Street to the BBC

Occupy Wall Street -- The camp organization

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Occupy Wall Street -- The camp organization

Occupy No Longer in Headlines But Activism Continues Nationwide

occupy seattle-6192 Occupy

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occupy seattle-6192 Occupy

Occupy May Day

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Occupy May Day

Press For Truth - Thoughts On The "Occupy Movement"

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Press For Truth - Thoughts On The "Occupy Movement"

Occupy May Day

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Occupy May Day

Occupy Global

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Occupy Global

Occupy photos

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Occupy photos

Occupy May Day

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Occupy May Day

Occupy Wall Street Eliminates $15 million of Debt

Occupy Wall Street Eliminates $15 million of Debt
http://thedailynewsreport.com/wp-content/uploads/2013/11/1393a__Occupy-Wall-Street-010.jpg

Since the protest started in Zucotti Park in New York City near the financial district, the Occupy Wall Street movement has done a lot to raise awareness of the iniquities and corruption in the American political and economic system, whilst receiving biased mass-media editorializing and suffering undue violence from the local police. Since November 15, 2012, the Occupy movement started a program of debt-relief called “Rolling Jubilee,” which seeks to bailout individuals who have accrued debt through credit cards as well as medical bills. To date they have relieved millions of dollars in debt for just pennies on the dollar.

VIA Guardian

A group of Occupy Wall Street activists has bought almost $ 15m of Americans’ personal debt over the last year as part of the Rolling Jubilee project to help people pay off their outstanding credit.

Rolling Jubilee, set up by Occupy’s Strike Debt group following the street protests that swept the world in 2011, launched on 15 November 2012. The group purchases personal debt cheaply from banks before “abolishing” it, freeing individuals from their bills.

By purchasing the debt at knockdown prices the group has managed to free $ 14,734,569.87 of personal debt, mainly medical debt, spending only $ 400,000.

“We thought that the ratio would be about 20 to 1,” said Andrew Ross, a member of Strike Debt and professor of social and cultural analysis at New York University. He said the team initially envisaged raising $ 50,000, which would have enabled it to buy $ 1m in debt.

“In fact we’ve been able to buy debt a lot more cheaply than that.”

The group is able to buy debt so cheaply due to the nature of the “secondary debt market”. If individuals consistently fail to pay bills from credit cards, loans, or medical insurance the bank or lender that issued the funds will eventually cut its losses by selling that debt to a third party. These sales occur for a fraction of the debt’s true values – typically for five cents on the dollar – and debt-buying companies then attempt to recoup the debt from the individual debtor and thus make a profit.

The Rolling Jubilee project was mostly conceived as a “public education project”, Ross said.

“We’re under no illusions that $ 15m is just a tiny drop in the secondary debt market. It doesn’t make a dent in the amount of debt.

“Our purpose in doing this, aside from helping some people along the way – there’s certainly many, many people who are very thankful that their debts are abolished – our primary purpose was to spread information about the workings of this secondary debt market.”

The group has focussed on buying medical debt, and has acquired the $ 14.7m in three separate purchases, most recently spending $ 13.5m on medical debt owed by 2,693 people across 45 states and Puerto Rico, Rolling Jubilee said in a press release.

“No one should have to go into debt or bankruptcy because they get sick,” said Laura Hanna, an organiser with the group. Hanna said 62% of all personal bankruptcies have medical debt as a contributing factor.

Due to the nature of the debt market, the group is unable to specify whose debt it purchases, taking on the amounts before it discovers individuals’ identities. When Rolling Jubilee has bought the debt they send notes to their debtors “telling them they’re off the hook”, Ross said.

Ross, whose book, Creditocracy and the case for debt refusal, outlines the problems of the debt industry and calls for a “debtors’ movement” to resist credit, said the group had received letters from people whose debt they had lifted thanking them for the service. But the real victory was in spreading knowledge of the nature of the debt industry, he said.

“Very few people know how cheaply their debts have been bought by collectors. It changes the psychology of the debtor, knowing this.

“So when you get called up by the debt collector, and you’re being asked to pay the full amount of your debt, you now know that the debt collector has bought your debt very, very cheaply. As cheaply as we bought it. And that gives you moral ammunition to have a different conversation with the debt collector.”

The post Occupy Wall Street Eliminates $ 15 million of Debt appeared first on disinformation.

disinformation

Read more about Occupy Wall Street Eliminates $15 million of Debt and other interesting subjects concerning Top Stories at TheDailyNewsReport.com

Occupy Wall Street Eliminates $15 million of Debt

Since the protest started in Zucotti Park in New York City near the financial district, the Occupy Wall Street movement has done a lot to raise awareness of the iniquities and corruption in the American political and economic system, whilst receiving biased mass-media editorializing and suffering undue violence from the local police. Since November 15, 2012, the Occupy movement started a program of debt-relief called “Rolling Jubilee,” which seeks to bailout individuals who have accrued debt through credit cards as well as medical bills. To date they have relieved millions of dollars in debt for just pennies on the dollar.

VIA Guardian

A group of Occupy Wall Street activists has bought almost $ 15m of Americans’ personal debt over the last year as part of the Rolling Jubilee project to help people pay off their outstanding credit.

Rolling Jubilee, set up by Occupy’s Strike Debt group following the street protests that swept the world in 2011, launched on 15 November 2012. The group purchases personal debt cheaply from banks before “abolishing” it, freeing individuals from their bills.

By purchasing the debt at knockdown prices the group has managed to free $ 14,734,569.87 of personal debt, mainly medical debt, spending only $ 400,000.

“We thought that the ratio would be about 20 to 1,” said Andrew Ross, a member of Strike Debt and professor of social and cultural analysis at New York University. He said the team initially envisaged raising $ 50,000, which would have enabled it to buy $ 1m in debt.

“In fact we’ve been able to buy debt a lot more cheaply than that.”

The group is able to buy debt so cheaply due to the nature of the “secondary debt market”. If individuals consistently fail to pay bills from credit cards, loans, or medical insurance the bank or lender that issued the funds will eventually cut its losses by selling that debt to a third party. These sales occur for a fraction of the debt’s true values – typically for five cents on the dollar – and debt-buying companies then attempt to recoup the debt from the individual debtor and thus make a profit.

The Rolling Jubilee project was mostly conceived as a “public education project”, Ross said.

“We’re under no illusions that $ 15m is just a tiny drop in the secondary debt market. It doesn’t make a dent in the amount of debt.

“Our purpose in doing this, aside from helping some people along the way – there’s certainly many, many people who are very thankful that their debts are abolished – our primary purpose was to spread information about the workings of this secondary debt market.”

The group has focussed on buying medical debt, and has acquired the $ 14.7m in three separate purchases, most recently spending $ 13.5m on medical debt owed by 2,693 people across 45 states and Puerto Rico, Rolling Jubilee said in a press release.

“No one should have to go into debt or bankruptcy because they get sick,” said Laura Hanna, an organiser with the group. Hanna said 62% of all personal bankruptcies have medical debt as a contributing factor.

Due to the nature of the debt market, the group is unable to specify whose debt it purchases, taking on the amounts before it discovers individuals’ identities. When Rolling Jubilee has bought the debt they send notes to their debtors “telling them they’re off the hook”, Ross said.

Ross, whose book, Creditocracy and the case for debt refusal, outlines the problems of the debt industry and calls for a “debtors’ movement” to resist credit, said the group had received letters from people whose debt they had lifted thanking them for the service. But the real victory was in spreading knowledge of the nature of the debt industry, he said.

“Very few people know how cheaply their debts have been bought by collectors. It changes the psychology of the debtor, knowing this.

“So when you get called up by the debt collector, and you’re being asked to pay the full amount of your debt, you now know that the debt collector has bought your debt very, very cheaply. As cheaply as we bought it. And that gives you moral ammunition to have a different conversation with the debt collector.”

The post Occupy Wall Street Eliminates $ 15 million of Debt appeared first on disinformation.

disinformation

Occupy Wall Street Eliminates $15 million of Debt

Occupy Wall Street

At Alternate Viewpoint, the privacy of our visitors is of extreme importance to us (See this article to learn more about Privacy Policies.). This privacy policy document outlines the types of personal information is received and collected by Alternate Viewpoint and how it is used.

Log Files

Like many other Web sites, Alternate Viewpoint makes use of log files. The information inside the log files includes internet protocol (IP) addresses, type of browser, Internet Service Provider (ISP), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user"s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.

Cookies and Web Beacons

Alternate Viewpoint does use cookies to store information about visitors preferences, record user-specific information on which pages the user access or visit, customize Web page content based on visitors browser type or other information that the visitor sends via their browser.

DoubleClick DART Cookie

• Google, as a third party vendor, uses cookies to serve ads on Alternate Viewpoint.


• Google"s use of the DART cookie enables it to serve ads to users based on their visit to Alternate Viewpoint and other sites on the Internet.


• Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at the following URL - http://www.google.com/privacy_ads.html.

These third-party ad servers or ad networks use technology to the advertisements and links that appear on Alternate Viewpoint send directly to your browsers. They automatically receive your IP address when this occurs. Other technologies ( such as cookies, JavaScript, or Web Beacons ) may also be used by the third-party ad networks to measure the effectiveness of their advertisements and / or to personalize the advertising content that you see.

Alternate Viewpoint has no access to or control over these cookies that are used by third-party advertisers.

You should consult the respective privacy policies of these third-party ad servers for more detailed information on their practices as well as for instructions about how to opt-out of certain practices. Alternate Viewpoint"s privacy policy does not apply to, and we cannot control the activities of, such other advertisers or web sites.

If you wish to disable cookies, you may do so through your individual browser options. More detailed information about cookie management with specific web browsers can be found at the browser"s respective websites.

Occupy Wall Street