Protests outside the Morgan Stanley CEO residence in NY
http://www.npr.org/templates/story/story.php?storyId=100441670&ft=1&f=1003
he Obama administration is about to announce a new plan for the foreclosure mess, but the government and industry responses thus far have done little to stop millions of people from losing their homes. Over the past several days, some of those people have been protesting outside the homes of bank industry executives in New York and Connecticut.
The Whole World Is Rioting as the Economic Crisis Worsens — Why Aren’t We?
By Joshua Holland, AlterNet. Posted February 3, 2009.
Explosive anger is spilling out onto the streets of Europe. The meltdown of the global economy is igniting massive social unrest in a region that has long been a symbol of political stability and social cohesion.
It’s not a new trend: A wave of upheaval is spreading from the poorer countries on the periphery of the global economy to the prosperous core.
Over the past few years, a series of riots spread across what is patronizingly known as the Third World. Furious mobs have raged against skyrocketing food and energy prices, stagnating wages and unemployment in India, Senegal, Yemen, Indonesia, Morocco, Cameroon, Brazil, Panama, the Philippines, Egypt, Mexico and elsewhere.
For the most part, those living in wealthier countries took little notice. But now, with the global economy crashing down around us, people in even the wealthiest nations are mad as hell and reacting violently to what they view as an inadequate response to their tumbling economies.
The Telegraph (UK) warned last month that protests over governments’ handling of the crisis “are widespread and gathering pace,” and “may spark a new revolution”:
A depression triggered in America is being played out in Europe with increasing violence, and other forms of social unrest are spreading. In Iceland, a government has fallen. Workers have marched in Zaragoza, as Spanish unemployment heads towards 20 percent. There have been riots and bloodshed in Greece, protests in Latvia, Lithuania, Hungary and Bulgaria. The police have suppressed public discontent in Russia and will be challenged again at large gatherings this weekend.
