tv [untitled] November 15, 2011 4:00pm-4:30pm EST
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even can serve that usually means you got to go right well it's not stopping the occupy wall street movement this as they move back into the party park after being forced out so is this a success or a failure plus what's next in the movement. in the proximately two months when a member and i have no idea how to count. the reaching out of those i write. and occupy wall street protesters aren't the only ones being a break there that britain students now joining the cause putting down their school bucks for picket signs using their street large street smarts to try to change the
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system. and watching from a distance what does the world think of the occupy wall street movement and how the protestors are being treated here in the u.s. . it's tuesday november fifteenth four pm in washington d.c. i'm liz wall and you're watching artsy occupy wall street protesters today still despite their forced evictions over night. hundreds of demonstrators marched through the streets of new york in solidarity they're still going strong after last night where chaos erupted in that park police tore through the occupy wall street encampment to a victim protesters camped out there now the mass arrests come out there police were told by the owner of the park to clear the cam due to safety and sanitation concerns but
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a manhattan judge today ordered the park reopens he said protesters can take their tents with them but mayor bloomberg is keeping the police armed at the park as the city works out the legal battle this comes as the occupy wall street movement approaches its two month anniversary so let's take a look now at some of the signature characteristics that define the movement two months and a lot all began september seventeenth protesters are fighting corruption corporate greed and income inequality name a few their motto we are the ninety nine percent they're saying they're protesting against the top one percent which lobby to make themselves richer at the expense of everyone else the movement prides itself on being leaderless decisions are made instead by a people's assembly they've garnered support from left leaning celebrities as well as support from other nations and it culminated in new york early this morning alex o'brien saw the police raid a firsthand she joins us now alex it's been
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a rough and what our protest there is reacting to the police crackdown and what is the latest there in new york. well right now there are protesters that are actually at zuccotti park they're essentially celebrating the judge's ruling they're sort of telling the cops that you know by the order of new york we ask you to move one of them actually was responding on twitter that they are wondering they've noticed that the n.y.p.d. has occupied zuccotti park and are wondering what their demands are so they have moved back into the park have they taken their tents and their gear along with them i don't know to tell you the truth if that's happening actually as we are speaking right now ok and you know you were there when it all went down when police started the raid tell us what the scene was like what did you see well it was difficult for
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me because i wasn't actually at zuccotti when the police raided so i came immediately down at about two am and walked around tried to get access to zuccotti but the entire park was blockaded around there's a two block to block radius preventing blockades at each. preventing you know any kind of movement so at each of these blockades i was on broadway there was basically a line of riot cops the streets were lined with police vans i mean i've never seen so many police vans and of course you know the accumulation of protesters increased at broadway so to the n.y.p.d. we basically heard the chanting going on we heard we saw you know from far away two blocks away what was going on and we held the general assembly at broadway. marchers joined us from foley square and and at that point the n.y.p.d. rushed us and we had to disperse and the like so you know when you see this kind of
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crackdown i mean what do you think and do you see this as an attempt to silence a movement once and for all. so once and for all i mean i think if they know that it's going to take a little bit more to snuff out this movement i mean i think you know like the czech spring i mean if you roll the tanks out in the street certainly you could crush a movement like occupy however i think that they're really actually trying to spin this in a way where they actually can use not only their sort of militarized civic civil force against peaceable assembly of people i think they're also trying to sort of spin it in the press i mean they blocked media from zuccotti from feeling what was going on it's a copy last night they have for rip reportedly cleared the air space so that you couldn't fly a helicopter over it unless you were an it was an n.y.p.d. helicopter so i mean what that is really is actually an attempt to manipulate the story the narrative. alexa now that we are seeing that these camps they're being
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shut down what is next for the occupy wall street movement is this the beginning of the where do we go from here. this is certainly not the beginning of the end i mean i'm going to speak personally i can't speak for the general assembly but fundamentally this is about the civic space in the united states which has been fiscal our it's much like the press and every other institution that underpins our democratic republic it's been fiscal eyes public discourse is a spectacle so to or is a protest it's a spectacle but with the problems that we have the entrenched corruption that is essentially just destroying our democratic republic we can't afford to go out there buy a rubber bracelet and then call it a day or phone it in i mean we really have to save this nation we have a lot of a lot of problems that our nation's facing we're also going through a generational shift our leadership is completely out to lunch when it comes to
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technology and surveillance and and all those kinds of privacy issues information and capitalism so this is really actually a response to that i like the thank you for coming on the show that was founder of us day of rage dot org aleck's o'brian and perhaps one of occupy wall street successes is that it's a global reach from india to italy of protesters worldwide are chanting the same message are the correspondent on the front now he is here to talk about the international perspective of the movement. well i think first of all a lot of people don't get it because i've been living abroad for ten years and it's always people asking me how can america you know invade iraq go to afghanistan have this mission in libya nobody say anything about it but then go alongside people are surprised and on the other side some people especially americans i can speak for myself are a bit relieved but finally americans are coming out onto the street and taking
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a stand and you see people across the globe in london in australia in european countries expressing great solidarity with this occupy movement you know last year he is a new york obviously so why do people from other countries care about what happens on wall street to the point where they're willing to take the districts of london and india of rome because the message is the same we pay taxes and people all over the world agree with this so-called ninety nine percent movement that ninety nine percent of the population pay taxes and have a right to have their voices heard which they haven't been heard in the past year isn't the same thing in europe the same thing we're seeing on the streets of london of athens italy people demanding that the government work for them that they're voted into power to to create and to pursue kind of what the people want them to do and that's not been happening another thing of course this movement of why should
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we have to pay for bankers in the states that's something that the whole world shares at this moment and the people out in the street certainly see that and i think that empowers them in a sense that they know the whole world shares this problem of people across the globe are ready to come out and speak out against it and this comes at a time and we're seeing other protests around the globe in greece you were recently and france at the g twenty how would you compare the occupy wall street movement to some of the other movements that that we're seeing around the globe. well i was actually in new york last week and i do have to say that it was relatively calm although the development that we've seen certainly today are the exact opposite of that if i could say one thing that i think differs from european protests than from new york roses and i don't think that's going to stay that way because i do think that we're going to expand it's really this kind of just complete takeover of the city we saw during the london riots early this summer we saw it certainly in greece
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it hasn't gotten that crazy to have the n.y.p.d. come out kind of in the middle of the night and raid the protestors on a little street seem silly to protesters who pursue a are out on the main square in athens where you see kind of fire bombs being thrown just peyos we haven't really seen it in new york so really the european protesters really get out there and i think watching from abroad it's fair to say that they seem really peaceful in new york and i think that's also part of the reason that some european fellow protesters might be surprised in terms of the the clampdown that we've seen by officials in new york and across the states and soon oakland as well so there was one thing that i think characterizes european protests and arab spring protests compared to the united states is that they're a bit more chaotic but that might not stay the case for a long time and you know in new york and in other parts of the u.s. where things have gone chaotic one thing that protesters leave here we've heard
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them chant is that the world is watching and you know while they're being arrested i mean is the world watching would you say that they are watching. i think the world is watching very closely but what i think people are opening their eyes to it's fair to say is the double standard we see all of these protests in north africa not so much in europe because of course there you have a lot of american allies but complete praise for these democratic revolutions across north africa and the middle east in particular and then when it happens on wall street you have officials say get on how the it's unsanitary we need to clean up it's breaking laws and then you have the police department and mayor bloomberg going in contempt of court we have a court ruling saying that these protests have a right to be there but still they find a way to kind of those through that democratic loophole if they get here we have to mark or see we need to have organized protests when they happen in egypt per se
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where it's chaotic and thousands of people are the street that's really the fight for real democracy so i think the world is waking up to the double standards that we see in terms of how america categorize what democracy is and who has what kind of democracy and that was our t. correspondent a nice analogy there have on our team shackelford and that students in new york are ready that he's lost a little lesson by putting down their school bus and picking up take a sign that story next. to theirs to police corruption in. the process nobody seems to know. that never pepper sprayed the fake but the argument that they're being overly dramatic.
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in total we were trying to make it illegal to bring justice. i have a right to know what my government should do if you want to know why i keep taxes. i would characterize obama as a charismatic version of american exceptionalism. well many young protesters occupying wall street are students many of them saddled by an enormous amount of student debt student debt has exceeded one trillion dollars in the us that's more than the nation's credit card debt meanwhile unemployment among college grads is at an all time high this all makes for
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a recipe for thousands of unhappy educated young people and they're taking their frustration to the streets are the correspondent maria marino corrine iowa takes a look at the problem of massive student debt in the nation. this image of twenty three year old steph gray speaks to the widespread debt epidemic among american college graduates desperate to find work right now i can't even get a job cleaning toilets for minimum wage i've tried at a local motel there's nothing i need dumbed down versions of my resume are is just begging for any sort of work walking around applying starbucks mcdonald's or anything like i did when i was seventeen and it makes me think well why did i even go to college if this is what it's ending up with armed with a master's degree in geography and one hundred thirty five thousand dollars in student debt grey collect two hundred dollars in monthly food stamps and sells textbooks on e bay for make extra cash the struggling graduate lost both her parents by the trip
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twelve i'm approximately two months behind on my runs i have no idea how to catch up i lie awake and i completely freaking out about this i frightened of being evicted but no matter how much she loses she's obligated to keep paying back her five loan to sallie mae america's largest private lender it took out forty thousand dollars in loans i'm already owing sixty five thousand and i just graduated a couple of months ago twenty five thousand dollars in interest came out of nowhere unlike federal loans private loans can adjust interest rates as high as lenders want and don't offer consumer protection income based repayment is not an option with any private loans neither is to farm it for the unemployed for example right now and desperately looking for work and selling a month's payments they want me to pay about seven hundred dollars a month and greg is one of millions of americans and haunted by student again but very few have any other option to wishing costs have risen six hundred percent
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since one nine hundred eighty and most of the top ivy league colleges cost fifty thousand dollars per year steph curry is pioneering occupy student debt a movement calling for u.s. congress to reince. consumer protections that would keep private lenders from pushing millions of americans into default. after defaults after you fold and once you do that's a black mark on your credit report for life because demons cannot be discharged in bankruptcy there is legislation straight away in two thousand and five. millions from millions of lobbyist in the u.s. is nearing one trillion dollars already reportedly surpassing the nation's credit card debt and today a generation of americans find themselves to banks and armed with a diploma that no longer guarantees a job. r.t. . and joining me now for more someone to share
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a lot of play about this of robert applebaum founder of forgive student loan. thanks for joining us robert a lot of shrilly on dollars of total outstanding student that just how big of a problem is this in the u.s. well you keep you. but. it's very hard to wrap your mind around the figure of one trillion dollars but when you consider that a norm is that. not only recent college grads but people who are in their thirty's or forty's fifty's and beyond to look at paying for their student loans for decades and have paid for their education many times over but still have to figure balances on their accounts. economically some. of that debt and how we could be doing so much more to
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stimulate the economy if these loans were forgiven. and robert can you talk a little bit about you know with this huge amount of students that how it's impacting the everyday lives for students that are saddled by this that you know the types of life choices. and investments that people are delaying as a result of that absolutely i worked on this issue for you know nearly three years now and i have heard from countless people from all walks of life all across the country every age group you can imagine. you know where cuts across all generational lines of cultural lines. and the effect of this is that people are starting businesses putting off starting families but having children and they're not being vesting they're not innovating. they're not doing any of the economic
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stimulus things that we need all of america to be doing right now so that we can dig ourselves out of the hole created by the read those at the very top you know occupy wall street they are protesting against economic inequality among other things looking at the bigger picture how does the student debt problem play into this issue of rising inequality. well. for me at least i don't think that there is any single issue that typifies and example of the the great and pillaging of our country over the last thirty years then the issue of that as i said earlier this cuts across generational lines you know there is this perception that we're talking about we're talking about twenty somethings and that's true to a certain extent but i would say about half of those who follow me are in their thirty's and beyond like i said earlier they've been paying for years. and they'd
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seen they'd see their balances go up not down after years of paying so in terms of the occupy wall street movement and the people finally rising up and fighting back against this is i think it's about time and i don't like like i said i don't think any single issue exemplifies the inequities that are present in this country the way the issue of student loans. and that's why i believe that the occupy movement has taken on this issue because it really just goes to show how badly this country has suffered due to the economic policies of the last thirty years or mildly rather you know we're seeing this. spiraling out of control what needs to be. so that. is affordable once again.
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but thirty or forty years ago we use which pay for higher education with a series of grants scholarships personal savings and whatever small amounts. left over to student loans that were affordable you can pay back easily with a well paying job say the exact reverse is true and very first thing that people do not going to school is put themselves into massive amounts of debt so we really need to change the way we fund tire education in this country we have turned education into a commodity and by shifting all of the costs of not only obtaining an education but maintaining an educational system down the socioeconomic ladder to those who can least afford just those costs we've indentured tired generations of current and former students to their educational that's for which there is almost no escape so what needs to be docked we need to forgive all student loans we need to restore
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bankruptcy protections it's such it's a look at stations to student loans we need to start regulating this largely unregulated market and we need to stop treating education as a commodity and start thinking about it as an investment in our future rather we certainly can talk more about this thank you for coming on the show that was found there for a good student loan that dot com robert applebaum for having well as the u.s. is an idea of action on a crisis overseas europe is not doing so hot either and both greece and italy new technocrat lack government are getting down to business and tackle their mouth and that art is the next paul has explored how do you think you're currently in some countries and to ruin rather than riches. it was supposed to bring peace and prosperity for all but for a while it did but now the euro is costing people their jobs their pensions and even the democratic rights from the beginning the floors were there for everyone to
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see the skeptics said the economies of the likes of italy and greece which is too different from germany in finland to be regulated by one system but of tourism and idealism curry but they have a new currency was born it was strong and stable and was regulated in ways of german central banker might approve of the very latest seeds of the problem greece italy portugal and spain now had their hands on a strong currency and could borrow against it and unlike before the interest rates they would have to pay would be much less so much more which is what they did italy currently has a debt to g.d.p. ratio around one hundred twenty percent greece is more than one hundred sixty percent that's a bit like somebody with an income of twenty thousand dollars a year i mean thirty two thousand on their credit card they will be bankrupt the banks won't lend them any more money the flat screen t.v. will be repossessed and will be a diet of cabbage and potatoes in the worst case. it's similar for
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a country but instead public sector pay is caught and thousands of people are forced out of jobs before the euro greece and italy always have the possibility of devaluing the currency when times were this had the effect of lowering total debt and of conferring a competitive advantage as products services came cheaper and this stimulated economic growth it also made people poorer as the money in their pockets was worth less but crucially it did not result in mass redundancies especially not imposed by foreign powers under hard currency like the euro this option is no longer available to the indebted nations so instead they must cut because they remain uncompetitive they cannot grow the worst of both worlds. that was our correspondent nick pool and be sure to stay right here on r t up next is the capital account with lauren lister she joins me now lauren i hear you have a big guest we do liz our viewers are going to hear from nigel for raj and if
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they're not familiar with him he is a very outspoken member of the european parliament to call him a euro skeptic is to put it lightly but we talked about some subjects. about the united states about exits from the euro as a currency and we've got an office talking point so viewers are going to want to stick around to see that and we'll also hear from little rock well of course we will be talking about occupy wall street as we've seen police raids crack down on them we want to look at who's benefiting and hey if you're an investor maybe you want to go along police raids obviously investors can't but we're sure to hear something from lou that if people can take away when it's well you don't want to miss that does it for us for more on the stories we covered go to artsy dot com slash usa intricate or you tube page it's youtube dot com slash r t america you can also follow me on twitter risible next is the capital account with lauren lyster states who don't see you back here after five.
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