Occupy Wall Street Plans Global Protests in May Day Resurgence - Businessweek

Occupy Wall Street Plans Global Protests in May Day Resurgence - Businessweek

Occupy Wall Street demonstrators, whose anti-greed message spread worldwide during an eight-week encampment in Lower Manhattan last year, plan marches across the globe today calling attention to what they say are abuses of power and wealth.

Organizers say they hope the coordinated events will mark a spring resurgence of the movement after a quiet winter. Calls for a general strike with no work, no school, no banking and no shopping have sprung up on websites in Toronto, Barcelona, London, Kuala Lumpur and Sydney, among hundreds of cities in North America, Europe and Asia.
In New York, Occupy Wall Street will join scores of labor organizations observing May 1, traditionally recognized as International Workers’ Day. They plan marches from Union Square to Lower Manhattan and a “pop-up occupation” of Bryant Park on Sixth Avenue, across the street from Bank of America’s Corp.’s (BAC) 55-story tower.
“We call upon people to refrain from shopping, walk out of class, take the day off of work and other creative forms of resistance disrupting the status quo,” organizers said in an April 26 e-mail.
Occupy groups across the U.S. have protested economic disparity, decrying high foreclosure and unemployment rates that hurt average Americans while bankers and financial executives received bonuses and taxpayer-funded bailouts. In the past six months, similar groups, using social media and other tools, have sprung up in Europe, Asia and Latin America.

Pooling Resources

The Occupy movement in New York has relied on demonstrations and marches around the city since Nov. 15, when police ousted hundreds of protesters from their headquarters in Zuccotti Park near Wall Street, where they had camped since Sept. 17.
Banks have pooled resources and cooperated to gather intelligence after learning of plans to picket 99 institutions and companies, followed by what organizers have described as an 8 p.m. “radical after-party” in an undetermined Financial District location.
“If the banks anticipate outrage from everyday citizens, it’s revealing of their own guilt,” said Shane Patrick, a member of the Occupy Wall Street press team. “If they hadn’t been participating in maneuvers that sent the economy into the ditch, we wouldn’t even be having this conversation.”

Police Prepared

New York police can handle picketers, according to Paul Browne, the department’s chief spokesman.
“We’re experienced at accommodating lawful protests and responding appropriately to anyone who engages in unlawful activity, and we’re prepared to do both,” he said in an interview.
About 2,100 Occupy Wall Street protesters in New York have been arrested since the demonstrations began, said Bill Dobbs, a member of the group’s media-relations team.
In U.S. District Court in Manhattan yesterday, four City Council members accused JPMorgan Chase & Co. (JPM) (JPM), Brookfield Office Properties Inc., Mayor Michael Bloomberg and Police Commissioner Raymond Kelly, of suppressing free speech and using excessive force against protesters. The mayor is the founder and majority owner of Bloomberg News parent Bloomberg LP.
Organizers describe the May Day events as a coming together of the Occupy movement, with activists also calling for more open immigration laws, expanded labor rights and cheaper financing for higher education. Financial institutions remain a primary target of the protests.

Bigger Banks

“Four years after the financial crisis, not a single of the too-big-to-fail banks is smaller; in fact, they all continue to grow in size and risk,” the group’s press office said in an April 26 e-mail.
Five banks -- JPMorgan, Bank of America, Citigroup Inc. (C) (C), Wells Fargo & Co. (WFC) (WFC), and Goldman Sachs Group Inc. (GS) (GS) together held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy, compared with 43 percent in 2006, according to central bankers at the Federal Reserve.
Occupy Wall Street began planning for May Day in January, meeting in churches and union halls with a decision-making system that avoids a single leader. Instead, participants rely on group “break-out” sessions in which clusters discuss such tasks as crowd-building, logistics and communications.
About 150 attended an April 25 meeting at the Greenwich Village headquarters of the Amalgamated Clothing & Textile Workers Union, making last-minute preparations for how to deploy legal and medical help; site selection for picketing; purchasing, production and distribution of protest signs; and how to talk to reporters.