August 2, 2012

Oops! An Automated Stock Trading Program Runs Amok with Millions of Wall St Trades ²

All, News: US • Tags: computer take-over, error, fail, market, oops, trading, trading program, wall street

Talk about a major “oops”! According to the NY Times, “An automated stock trading program suddenly flooded the market with millions of trades Wednesday morning, spreading turmoil across Wall Street and drawing renewed attention to the fragility and instability of the nation’s stock markets.”

“Traders on Wednesday said that a rogue algorithm repeatedly bought and sold millions of shares of companies like RadioShack, Best Buy, Bank of America and American Airlines, sending trading volume surging.”

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December 11, 2011

“Occupy The Future” by Noam Chomsky ¹

Activism, All, Occupy Wall Street • Tags: #ows, article, Noam Chomsky, occupy movement, Occupy the Future, plutonomy, precariat, wall street

Noam Chomsky, photo by John Soares

(This article is adapted from Noam Chomsky’s talk at the Occupy Boston encampment on Dewey Square on Oct. 22. He spoke as part of the Howard Zinn Memorial Lecture Series held by Occupy Boston’s on-site Free University. Zinn was a historian, activist and author of A People’s History of the United States.)

Delivering a Howard Zinn lecture is a bittersweet experience for me. I regret that he’s not here to take part in and invigorate a movement that would have been the dream of his life. Indeed, he laid a lot of the groundwork for it.

If the bonds and associations being established in these remarkable events can be sustained through a long, hard period ahead – victories don’t come quickly – the Occupy protests could mark a significant moment in American history. More…

October 3, 2011

We are the 99 percent letters ⁴

Activism, All, Occupy Wall Street • Tags: activism, letters, Occupy Wall Street, protests, speaking out, wall street, we are the 99 percent, we are the 99%

We are the 99 percent. We are getting kicked out of our homes. We are forced to choose between groceries and rent. We are denied quality medical care. We are suffering from environmental pollution. We are working long hours for little pay and no rights, if we’re working at all. We are getting nothing while the other 1 percent is getting everything. We are the 99 percent.