And it grows. Ironically, this report is from Bloomberg News:
Occupy Wall Street demonstrations in New York City today culminated with a Times Square rally that drew thousands opposed to economic inequality, echoed by protests from London to Tokyo.I did not realize that this was from a Stiglitz study.
Participants in the month-old movement marched past a JPMorgan Chase & Co. branch early in the day to urge clients to close accounts. Twenty-four were arrested later at a Citigroup Inc. office, the police said, and about 6,000 gathered in Times Square, the organizers estimated.
Hong Kong, Sydney, Toronto and other cities also saw protests, which turned violent in Rome, in what organizers called a “global day of action against Wall Street greed.” Backers say they represent “the 99 percent,” a nod to Nobel Prize-winning economist Joseph Stiglitz’s study showing the top 1 percent of Americans control 40 percent of U.S. wealth.
