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Sunday, November 6, 2011
Wednesday, November 2, 2011
occupy wall street- whats happening ?
The challenges have included how to become a
non-profit entity, how to deal with credit card companies withholding
donations, choosing a bank that shares the movement's philosophy and
budgeting what to spend cash on.
The totals raised -- more than $500,000 in New York and around $20,000 in Chicago, Richmond and other cities -- have surprised everyone from the protesters to those overseeing their finances.
"I figured they would bring in maybe $10,000, maybe $20,000 and it would be no big deal. They were quickly bringing in that much and more a day," said Chuck Kaufman, the Tucson-based national co-coordinator of Alliance for Global Justice (AFGJ), the movement's fiscal sponsor.
"We were surprised and unprepared so it was a scramble to get our end of the system functioning at the volume the money was coming in."
AFGJ is a non-profit group with roots in Nicaraguan solidarity activism of the 1970s that has since used its tax-exempt status to be a financial umbrella for other groups.
Occupy Wall Street pays 7 percent of its takings for AFGJ's support -- book-keeping, tax returns and donation processing.
Although the Occupy Wall Street finance committee's website lists 87 members, Kaufman said the core was about six people, including a lawyer, an accountant and a tattoo artist.
They deal with more than 400 donations coming in daily via credit card, averaging less than $50 each. Actually getting those donations has proved hard.
CREDIT CARD WOES
In the early days, before switching providers, the alliance took in some $250,000 in donations. Kaufman said credit card processors have held back $75,000 of that, claiming they expect an abnormally high level of disputes on the charges.
He expects the funds to be released in $25,000 increments every two weeks, once October credit card statements start going out.
None of the major credit card networks returned calls for comment on any unusual reserves being taken.
Since the movement switched to the online donation site WePay, another $196,000 has come in, which gets routed like the rest of the money to Occupy Wall Street's bank account.
A survey of Occupy camps across the country reveals each protest is relying on local donations.
Protesters holding the purse strings in New York were keen to stress how expensive the city is and how hard it will be for the movement to sustain itself over the winter.
"People don't understand that this is New York, we pay New York prices," said Pete Dutro, one of the core members of the Occupy Wall Street finance committee.
"These occupations ain't cheap," said Dutro, a tattoo artist who was studying finance at New York University before putting his studies on hold to join the protest.
The movement is keeping its money at Amalgamated Bank, which was started in the 1920s by a garment-workers union and was until recently 100 percent union-owned.
That sole union ownership ended in September just as the protests were starting. Nine days after the demonstrations began, Amalgamated sold 40 percent of its stock to two of America's best-known investors, Wilbur Ross and Ron Burkle.
Ross buys and merges distressed companies in industries such as steel, coal and auto parts. Burkle is best known for his investments in grocery companies and has good relations with unions. Both Ross and Burkle are billionaires.
fashion social network
An Amalgamated spokesman did not return calls for comment.
Dutro was wary about Ross and Burkle's stake in Amalgamated but said "the people in that bank and in their management are very committed to their principles, and I really don't see them being co-opted by a couple of vultures."
Representatives for Ross and Burkle did not return calls for comment.
Last Friday, the Occupy Wall Street finance committee made one of its first detailed reports, saying it had spent $55,000 to date, including $22,000 for food, medical care and laundry and $20,000 on communications systems.
Dutro, who has a background in operations management at Internet services companies, said the amount raised so far should be taken in context.
"People see like $500,000 and they say 'Wow that's a lot of money' but the reality is it's not that much money. You have a huge community -- we're bigger than most of the occupations -- and we probably spent a lot more money," he said.
While Occupy Wall Street has had attention over its money and whether it should share with movements in other cities, most camps say they are just fine on their own.
"People have come up and said they want to give us contributions from $5,000 to $15,000 but we've told them no," Occupy Chicago's Orion Swann said, adding the group has raised less than $20,000.
"Right now we are figuring out how to establish a legal identity so we're holding off on accepting donations."
(Additional reporting by Michelle Nichols in New York, Lily Kuo in Washington, Ned Barnett in Raleigh, Barbara Liston in Orlando, Jason Tomassini in Baltimore, Matthew Ward in Richmond, Bruce Olson in St. Louis, Daniel Lovering in Pittsburgh and Andrew Stern in Chicago; Editing by Mark Egan and John O'Callaghan.)
The totals raised -- more than $500,000 in New York and around $20,000 in Chicago, Richmond and other cities -- have surprised everyone from the protesters to those overseeing their finances.
"I figured they would bring in maybe $10,000, maybe $20,000 and it would be no big deal. They were quickly bringing in that much and more a day," said Chuck Kaufman, the Tucson-based national co-coordinator of Alliance for Global Justice (AFGJ), the movement's fiscal sponsor.
"We were surprised and unprepared so it was a scramble to get our end of the system functioning at the volume the money was coming in."
AFGJ is a non-profit group with roots in Nicaraguan solidarity activism of the 1970s that has since used its tax-exempt status to be a financial umbrella for other groups.
Occupy Wall Street pays 7 percent of its takings for AFGJ's support -- book-keeping, tax returns and donation processing.
Although the Occupy Wall Street finance committee's website lists 87 members, Kaufman said the core was about six people, including a lawyer, an accountant and a tattoo artist.
They deal with more than 400 donations coming in daily via credit card, averaging less than $50 each. Actually getting those donations has proved hard.
CREDIT CARD WOES
In the early days, before switching providers, the alliance took in some $250,000 in donations. Kaufman said credit card processors have held back $75,000 of that, claiming they expect an abnormally high level of disputes on the charges.
He expects the funds to be released in $25,000 increments every two weeks, once October credit card statements start going out.
None of the major credit card networks returned calls for comment on any unusual reserves being taken.
Since the movement switched to the online donation site WePay, another $196,000 has come in, which gets routed like the rest of the money to Occupy Wall Street's bank account.
A survey of Occupy camps across the country reveals each protest is relying on local donations.
Protesters holding the purse strings in New York were keen to stress how expensive the city is and how hard it will be for the movement to sustain itself over the winter.
"People don't understand that this is New York, we pay New York prices," said Pete Dutro, one of the core members of the Occupy Wall Street finance committee.
"These occupations ain't cheap," said Dutro, a tattoo artist who was studying finance at New York University before putting his studies on hold to join the protest.
The movement is keeping its money at Amalgamated Bank, which was started in the 1920s by a garment-workers union and was until recently 100 percent union-owned.
That sole union ownership ended in September just as the protests were starting. Nine days after the demonstrations began, Amalgamated sold 40 percent of its stock to two of America's best-known investors, Wilbur Ross and Ron Burkle.
Ross buys and merges distressed companies in industries such as steel, coal and auto parts. Burkle is best known for his investments in grocery companies and has good relations with unions. Both Ross and Burkle are billionaires.
fashion social network
An Amalgamated spokesman did not return calls for comment.
Dutro was wary about Ross and Burkle's stake in Amalgamated but said "the people in that bank and in their management are very committed to their principles, and I really don't see them being co-opted by a couple of vultures."
Representatives for Ross and Burkle did not return calls for comment.
Last Friday, the Occupy Wall Street finance committee made one of its first detailed reports, saying it had spent $55,000 to date, including $22,000 for food, medical care and laundry and $20,000 on communications systems.
Dutro, who has a background in operations management at Internet services companies, said the amount raised so far should be taken in context.
"People see like $500,000 and they say 'Wow that's a lot of money' but the reality is it's not that much money. You have a huge community -- we're bigger than most of the occupations -- and we probably spent a lot more money," he said.
While Occupy Wall Street has had attention over its money and whether it should share with movements in other cities, most camps say they are just fine on their own.
"People have come up and said they want to give us contributions from $5,000 to $15,000 but we've told them no," Occupy Chicago's Orion Swann said, adding the group has raised less than $20,000.
"Right now we are figuring out how to establish a legal identity so we're holding off on accepting donations."
(Additional reporting by Michelle Nichols in New York, Lily Kuo in Washington, Ned Barnett in Raleigh, Barbara Liston in Orlando, Jason Tomassini in Baltimore, Matthew Ward in Richmond, Bruce Olson in St. Louis, Daniel Lovering in Pittsburgh and Andrew Stern in Chicago; Editing by Mark Egan and John O'Callaghan.)
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L.A. fashion week took center stage this month, with several familiar and some not-so-familiar labels showing collections to buyers and the media. But off the runway, there's a fairly new crop of promising contemporary brands that didn't participate in fashion week events but are worth knowing about because of the way they capture the L.A. lifestyle through their easy, wearable and versatile pieces for women.
Offering wares as varied as menswear-inspired sweaters and ultra-feminine silk dresses, these designers have keen fashion and business sense, creating practical pieces at a mostly palatable price point.he two met five years ago after moving to L.A. from New York. Brochu had previously been the women's knitwear designer for American Eagle, then took a West Coast post as design director for Joie. Walker launched several Los Angeles brands (while living in New York, no less), including Ya Ya and James Perse, where she oversaw sales, merchandising and marketing.
With Brochu Walker they combine their talents. Brochu heads up design (though they do collaborate), and Walker rounds out the business and operations side.
The result is a collection centered on knits such as nubby cardigans, but which also includes soft Ikat print silk dresses. The juxtaposition of the light and heavy pieces creates the contrast in textures and weight that makes the collection not only interesting to look at but also practical to wear in the Los Angeles climate, where layered dressing makes sense year-round.
fashion social network
Brochu and Walker are well aware of this balance of weight and proportion. "We're conscious of where things hit and make sure if the body of a sweater is bigger, then the sleeve is tighter," Brochu says.
"The drape is also important," Walker adds. "Our cardigans are draped — they're cardigans but with dimension."
"The strongest aspect of the collection for us is definitely the sweaters," says Lindsay Johnson, buyer at Arcade Boutique near West Hollywood. "They have really nailed it with details like leather buckles, unique textures and the softest cashmere at a very competitive price point."
Brochu and Walker stick to a muted palette with a couple of pops of color throughout.
The general feeling of coziness in the collection could easily translate into the home décor arena, something the two have their sights set on. Sheets, bedding, towels and candles are items Brochu and Walker envision as a future part of their brand, as well as a retail space that Walker assures "will definitely be in L.A."
Brochu Walker is priced from $60 for a T-shirt, around $265 for a fleece terry jacket to about $585 for sweaters. The line is available at stores including Saks Fifth Avenue, 9634 Wilshire Blvd., Beverly Hills; Fred Segal, 8118 Melrose Ave., Los Angeles; and Arcade Boutique, 8473 Melrose Ave., West Hollywood.
L.A. fashion week took center stage this month, with several familiar and some not-so-familiar labels showing collections to buyers and the media. But off the runway, there's a fairly new crop of promising contemporary brands that didn't participate in fashion week events but are worth knowing about because of the way they capture the L.A. lifestyle through their easy, wearable and versatile pieces for women.
Offering wares as varied as menswear-inspired sweaters and ultra-feminine silk dresses, these designers have keen fashion and business sense, creating practical pieces at a mostly palatable price point.he two met five years ago after moving to L.A. from New York. Brochu had previously been the women's knitwear designer for American Eagle, then took a West Coast post as design director for Joie. Walker launched several Los Angeles brands (while living in New York, no less), including Ya Ya and James Perse, where she oversaw sales, merchandising and marketing.
With Brochu Walker they combine their talents. Brochu heads up design (though they do collaborate), and Walker rounds out the business and operations side.
The result is a collection centered on knits such as nubby cardigans, but which also includes soft Ikat print silk dresses. The juxtaposition of the light and heavy pieces creates the contrast in textures and weight that makes the collection not only interesting to look at but also practical to wear in the Los Angeles climate, where layered dressing makes sense year-round.
fashion social network
Brochu and Walker are well aware of this balance of weight and proportion. "We're conscious of where things hit and make sure if the body of a sweater is bigger, then the sleeve is tighter," Brochu says.
"The drape is also important," Walker adds. "Our cardigans are draped — they're cardigans but with dimension."
"The strongest aspect of the collection for us is definitely the sweaters," says Lindsay Johnson, buyer at Arcade Boutique near West Hollywood. "They have really nailed it with details like leather buckles, unique textures and the softest cashmere at a very competitive price point."
Brochu and Walker stick to a muted palette with a couple of pops of color throughout.
The general feeling of coziness in the collection could easily translate into the home décor arena, something the two have their sights set on. Sheets, bedding, towels and candles are items Brochu and Walker envision as a future part of their brand, as well as a retail space that Walker assures "will definitely be in L.A."
Brochu Walker is priced from $60 for a T-shirt, around $265 for a fleece terry jacket to about $585 for sweaters. The line is available at stores including Saks Fifth Avenue, 9634 Wilshire Blvd., Beverly Hills; Fred Segal, 8118 Melrose Ave., Los Angeles; and Arcade Boutique, 8473 Melrose Ave., West Hollywood.
Categories: Technology, Business, News, Fashion, Models, Designers
steve jobs An Apple A Day: Bullying And Steve Jobs
This piece is co-authored by Lisa Furst, LMSW, director of public education at the Mental Health Association of New York City.
In the weeks since his death on October 5, Steve Jobs' life and career have received an extraordinary amount of attention in the media and at water coolers across the nation.
He's been heralded as the greatest marketer in modern history. Because of his numerous inventions and products, he's been likened to Thomas Edison and Benjamin Franklin. Journalists routinely tossed around terms such as "iconoclast," "super-influencer" and even "genius," while consumers waited days in line to get the newest product that would revolutionize their lives.
Yet, before the iPad and iPod -- even prior to the Newton -- most Americans don't know that years before fame and wealth, Steve Jobs was a victim of bullying.
A new authorized biography of the Apple founder and longtime CEO confirms that he was "often bullied" in grade school. Because he had advanced a grade, Jobs was younger and smaller than his classmates and was repeatedly singled out for harassment.
According to another report, this eventually led to a family crisis. Until his parents did something to correct the situation, Jobs refused to attend school.
Clara and Paul Jobs, who had adopted their son as an infant, made a decision with profound implications for his future. Despite the financial sacrifice, they moved their family from a working class neighborhood to Palo Alto, a college town with an excellent school system.
Although Jobs remained something of a loner, he would later befriend a well respected mathematics teacher who nurtured his love for technology. He joined the high school mathematics club, a veritable collection of "eggheads" and "nerds" who were obsessed with data and computers. The rest, as they say, is history.
fashion social network
When I learned about these mostly unknown details of Jobs' life, I thought about the many recent reports surrounding bullying in our schools. Steve Jobs' brilliant technology along with social media such as Facebook and Twitter, have transformed our society. However, they've also given bullies new opportunities to harass and torment their victims.
Sadly, most of us are now familiar with the term "cyber-bully." We've also heard the often tragic stories about school children who were subject to continual abuse online. In many instances, the young people targeted felt helpless, ashamed and didn't know where to turn. According to recent studies, kids who are bullied miss more school days, have lower grades and higher drop-out rates and suffer higher rates of physical and mental health problems.
In the weeks since his death on October 5, Steve Jobs' life and career have received an extraordinary amount of attention in the media and at water coolers across the nation.
He's been heralded as the greatest marketer in modern history. Because of his numerous inventions and products, he's been likened to Thomas Edison and Benjamin Franklin. Journalists routinely tossed around terms such as "iconoclast," "super-influencer" and even "genius," while consumers waited days in line to get the newest product that would revolutionize their lives.
Yet, before the iPad and iPod -- even prior to the Newton -- most Americans don't know that years before fame and wealth, Steve Jobs was a victim of bullying.
A new authorized biography of the Apple founder and longtime CEO confirms that he was "often bullied" in grade school. Because he had advanced a grade, Jobs was younger and smaller than his classmates and was repeatedly singled out for harassment.
According to another report, this eventually led to a family crisis. Until his parents did something to correct the situation, Jobs refused to attend school.
Clara and Paul Jobs, who had adopted their son as an infant, made a decision with profound implications for his future. Despite the financial sacrifice, they moved their family from a working class neighborhood to Palo Alto, a college town with an excellent school system.
Although Jobs remained something of a loner, he would later befriend a well respected mathematics teacher who nurtured his love for technology. He joined the high school mathematics club, a veritable collection of "eggheads" and "nerds" who were obsessed with data and computers. The rest, as they say, is history.
fashion social network
When I learned about these mostly unknown details of Jobs' life, I thought about the many recent reports surrounding bullying in our schools. Steve Jobs' brilliant technology along with social media such as Facebook and Twitter, have transformed our society. However, they've also given bullies new opportunities to harass and torment their victims.
Sadly, most of us are now familiar with the term "cyber-bully." We've also heard the often tragic stories about school children who were subject to continual abuse online. In many instances, the young people targeted felt helpless, ashamed and didn't know where to turn. According to recent studies, kids who are bullied miss more school days, have lower grades and higher drop-out rates and suffer higher rates of physical and mental health problems.
JENNIFER Aniston and Brad Pitt are planning to make their first public appearance together
JENNIFER Aniston and Brad Pitt are planning to make their first public appearance together — at the Oscars.
The couple — who divorced in 2005 after 5 years of marriage — have been asked to present one of the gongs at next February’s ceremony after their pal Brett Ratner landed the job of producing the show.
“They’re both considering it,” a source told Britain’s Now magazine.
“Brett knows that getting them on the podium together will make the ceremony the most talked about one ever.
“They hate the fact that the world thinks they’re at war.
“The only problem is that Angelina will be furious. But Brad says that won’t stop him.”
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kate lands new gig
LOS ANGELES, Calif. -- Kate Gosselin has lined up a new gig following the cancellation of her TLC show, “Kate Plus 8” – as a blogger.
On Wednesday, CouponCabin.com announced Kate will be a contributing blogger, writing posts which offer visitors to the web site advice on how to save money.
“No matter what your financial situation is, there’s no reason not to use coupons. It’s like free money in your pocket!” Kate said in a statement. “I’m thrilled to lend my expertise to CouponCabin.com, where you can easily find the best deals on practically everything.”
Kate will be a weekly contributor to the website, writing “on topics like how to stretch a budget for a large family, holiday shopping tips, gift ideas and more,” CouponCabin.com explained in a release.
The former reality star’s first blog will appear online on November 22, with Kate offering tips on how to handle Black Friday.
The mother of eight will also share some of her suggestions on her own website, KatePlusMy8.com.
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