How to pay off $15 million in debt while spending only $400,000

Occupy Wall Street has been buying up cheap debts and forgiven them:

By purchasing the debt at knockdown prices the group has managed to free $14,734,569.87 of personal debt, mainly medical debt, spending only $400,000.

“We thought that the ratio would be about 20 to 1,” said Andrew Ross, a member of Strike Debt and professor of social and cultural analysis at New York University. He said the team initially envisaged raising $50,000, which would have enabled it to buy $1m in debt.

“In fact we’ve been able to buy debt a lot more cheaply than that.”

While the cancelling of debt was one goal of this Rolling Jubilee project, the real goal was education:

“Our purpose in doing this, aside from helping some people along the way – there’s certainly many, many people who are very thankful that their debts are abolished – our primary purpose was to spread information about the workings of this secondary debt market.”

Many people think of a debt something as sacrosanct, something they have to pay off in their entirety, not something that can be negotiated. Just knowing that it can be, can empower a lot of people to do so.

The spirit of Tahrir Square comes to Wisconsin



Thousands of union workes protest against the governor of Wisconsin’s proposed bill to take away workers’ rights. This bill was supposedly needed to combat a budget shortfall. Guess what? There wasn’t any shortfall:

Wisconsin’s new Republican governor has framed his assault on public worker’s collective bargaining rights as a needed measure of fiscal austerity during tough times.

The reality is radically different. Unlike true austerity measures — service rollbacks, furloughs, and other temporary measures that cause pain but save money — rolling back worker’s bargaining rights by itself saves almost nothing on its own. But Walker’s doing it anyhow, to knock down a barrier and allow him to cut state employee benefits immediately.

Furthermore, this broadside comes less than a month after the state’s fiscal bureau — the Wisconsin equivalent of the Congressional Budget Office — concluded that Wisconsin isn’t even in need of austerity measures, and could conclude the fiscal year with a surplus. In fact, they say that the current budget shortfall is a direct result of tax cut policies Walker enacted in his first days in office.

Union workers, inspired by what’s happened in Egypt, Tunesia and elsewhere have begun to fight back against this cynical move. The Democrats are nowhere to be found [UPDATE] because that way the Wisconsin state senate lacks a quorum to actually sign this bill in law. From Crooked Timber:

Today the Senate Democrats buggered off to Rockford, Illinois (which, it has to be said, displays heroic dedication, as anyone who’s been to Rockford will know) so that the Senate lacks a quorum. This gave a huge boost to the protesters, who had been anticipating a vote and defeat today. I’ve chatted with one Democratic legislator and my wife with another: both report that the Republicans are really rattled by the response, having simply not anticipated it (no-one, absolutely no-one, did—everyone I know has been stunned, and that includes leading union organisers). I have to say the Democrats in the legislature have been solid—like the union leaderships they seem to understand that, as one just told me “we’re in the fight of our lives”. And there is a sense among the demonstrators that this is the one to win.

The kids are alright



I don’t know who this kid is, but I do know he’ll be taken the mick out something fierce if this video goes viral. We don’t like young, earnest kids talking politics, especially leftwing politics, it’s all a bit cringeworthy, naive and definately not cool. But the kid is right. His generation, the children of the children of Thatcher, were supposed to be beyond politics, good little consumers only interested in X-Factor and X-Boxes. Yet like their slightly older brothers and sisters seven years ago when they skipped school to go on the anti-war demos and getting villified for it, their own experiences in trying to participate in one of their fundamental rights, the right to protest, are radicalising them. As he says, the police is no longer that nice voice at the other side of the line helping you after a burglary. Their counterparts in the estates already knew the police and media were not their friends, but for “normal”, middle class people nothing can be as radicalising as that first time you end up at the wrong demo and see yourself and your friends be treated as dangerous criminals by the authorities.

Speaking of which, this twelve year old math geek was deemed dangerous enough to be threatened by anti-terrorist police:

Nicky Wishart, a pupil at Bartholomew School, Eynsham, Oxfordshire, organised the event on Facebook to highlight the plight of his youth centre, which is due to close in March next year due to budget cuts.

The protest, which was due to take place today, has attracted over 130 people on Facebook, most of whom are children who use youth centres in Cameron’s constituency, Whitney.

Wishart said that after the school was contacted by anti-terrorist officers, he was taken out of his English class on Tuesday afternoon and interviewed by a Thames Valley officer at the school in the presence of his head of year. During the interview, Wishart says that the officer told him that if any public disorder took place at the event he would be held responsible and arrested.

Speaking to the Guardian, Nicky Wishart said: “In my lesson, [a school secretary] came and said my head of year wanted to talk to me. She was in her office with a police officer who wanted to talk to me about the protest. He said, ‘if a riot breaks out we will arrest people and if anything happens you will get arrested because you are the organiser’.

“He said even if I didn’t turn up I would be arrested and he also said that if David Cameron was in, his armed officers will be there ‘so if anything out of line happens …’ and then he stopped.”

Wishart, who describes himself as a “maths geek” said he was frightened by the encounter. “I was really scared. Normally I’m a confident speaker but I lost all my confidence. My mum was worried, and I was worried and I didn’t know what to do.”

Armed police threatening twelve year olds. Does it not make you proud of Britain?

A Glimpse Of Britain’s Future

Syntagma Square filled with strikers

Will UK voters, like the Greeks, be storming Parliament this time next year?

Scuffles between public sector workers and Greek MAT riot police units broke out in Syntagma Square, outside the Greek parliament, on May 5 2010, the BBC World Service reported from Athens.

As hardcore elements wearing motorcycle helmets and gas masks took over the front lines of the demonstration, the riot escalated. Petrol bombs, tear gas, explosions and plumes of thick black smoke were visible around the square as protesters clashed with authorities.

The demonstration, which was peaceful at the beginning, gradually became more heated as protesters attempted to charge up the stairs toward the parliament building itself.

As a general strike started to paralyse Athens, following the austerity measures, German chancellor Angela Merkel said that the future of the euro zone was at stake if a 110 billion euro bail-out rescue package from the European Union and International Monetary Fund for Greece failed to go through.

Not one of the three major parties in tomorrow’s UK General Election has come clean about exactly how they plan to reduce the UK’s own 167 billion budget deficit, but if UK voters really want to know, they can just look at the austerity plan imposed on Greece.

Understandably those affected – ie not the rich but the average Vassili or Eleni – are not happy:

Angry Greeks ‘carrying the can’ for politicians

Like the sting of police tear gas, popular anger hangs heavy in the air as protesters take to the streets of Athens, for the third time in less than a week.

Some Europeans have been surprised by the extent of Greeks’ anger over government cuts in wages, pensions and increases in VAT – all measures needed to get the Greek economy back from the brink of default.

The measures are a condition for the huge bailout agreed by the IMF and EU, amounting to loans to Greece worth 110bn euros (£95bn; $146bn).

Why are Greek people so angry? From the outside, it looks like a spendthrift country getting what it deserves in painful cuts to public spending.

At street level, however, the anger stems from a sense of injustice. Many feel that the average citizen is now paying the price for corruption and government spending that they did not benefit from.

I’m feeling more and more angry every day, because those who got us into this mess are not held responsible
Thrasyvo Paxinos
Teacher

A civil servant in the finance ministry spoke on condition of anonymity. “Greek people are willing to contribute and make sacrifices. The vast majority of people do want to contribute to ease the economic problems of our country,” he said.

“But first of all they want to stop political corruption. So if we see the people responsible for this being brought to justice, we are really willing to pay and make sacrifices.”

“In the past I’ve seen government offices or committees being set up which don’t actually do anything. They are designed only to give important political supporters a wage. In the ministry we’ve highlighted these and said ‘Really, don’t do this! We can’t afford it!’ But no one listens.”

“Also we knew for years in the ministry about the wrong figures being shown to the world about our GDP and our debt. We protested to our seniors but again no one would listen. We are very unhappy about it – taking to the streets is really our only option.”

At least the Greeks have the courage to fight back against a neoliberal austerity plan meant oonly to protect the integrity of the Euro to the benefit of EU founder members like Germany and France.

I’ve a feeling that when Greek-style austerity hits Britain, (and it will – how else are Labour, the Tories or LibDems to fund their spending plans?) all the British will do is moan about it and turn back to Sky Plus for comfort.

(Note: sorry about the on the hoof editing, my preview function is screwed)

‘If You Tolerate This Then Your Children Will Be Next’

Today is the 40th anniversary of the National Guard’s shootings of student Vietnam War protestors at Kent State University in Ohio.

Plus ça change, plus c’est la même chose – earlier today Martin posted about unwarranted police violence at a peaceable, permitted May Day protest in Rotterdamand this was his view on why the police attacked non-agressive, unarmed protesters:

I doubt that the police has explicitly gotten orders to crack down on political protests. If I had to guess I’d think that it’s a side effect to the Rotterdam police overreacting to what happened at the Hoek van Holland beach party of August last year — where inept policing and rioting football hooligans led to the police accidently shooting and killing an innocent man. Since then the Rotterdam police has become a lot harsher in dealing with potentially dangerous situations and since leftist demonstrations of this kind have always been seen as worrisome by them, it’s no surprise that this happened. Wrong, but not surprising.

I have to say, with all due respect, I disagree. Vehemently. State violence against dissenters is EU policy and therefore Dutch policy too.

The authorities’ violent response in Rotterdam, along with those at Kent State, Genoa, the G8 and G20 protests, Seattle, Minneapolis St. Paul, New York and countless other peaceful protests worldwide are part of an organised pattern of oppression and the silencing of popular opinion by supposedly democratic governments.Like I said back in 2007 when the Canadian police attacked a demo:

Protest isn’t all pink tutus, dogs on strings and rainbow flags: it can be fatal. Remember Carlo Giuliani, shot in the face, his head split like a melon by the wheel of a police landrover at Genoa? That’s what our democratic police are capable of when governments and elected representatives won’t listen and citizens feel forced to take to the streets to exercise their right to protest.

And the worst of it is, we’ve let them do it to us; rather than fight back, we’ve gone home scared, to watch ‘V For Vendetta’ on DVD and wish we could be braver human beings.

But it’s not very surprising is it, when just walking innocently through a demo on your way home from work can get you dead.

Oppressive violence against political dissenters is a feature of life under capitalism. After all, there’s money to be made from it:

Paramilitary political police on both sides of the Atlantic need only a discreet nod from the pols (and sometimes not even that) to go in joyfully and with boots, taser and fists. They love that sort of thing: that’s why they’re police. For every saintly murdered copper, devoted village bobby or innocuous deputy sheriff there are ten barely-controlled thugs with plenty of hate and plenty of gusto.

Every now and then they get let off the leash and someone notices. This time is was Salon. Then it all goes back to normal and soon these incidents just become part of the wallpaper of normal life, like warrantless wiretapping, torture, routine tasering or prison rape.

For anyone to expect that police on any continent will do anything but suppress any person or movement that might put their industry or jobs in jeopardy is very naive indeed.

I hate to keep quoting myself, but I don’t see the point of saying the same things year upon year in slightly different words. Police violence against dissenters is no occasional incident; to use that hackneyed phrase I’ve used so many times before, it isn’t a bug, it’s a feature.

Our leaders can waffle on about their commitment to liberty band fredom for all – and don’t they just, here’s Gordon Brown pontificating on the subject in April 2008:

Among the measures he announced were:

• New rights of protest. This will mean watering down laws – introduced just four years ago – that ban any unauthorised protest within one kilometre of the Palace of Westminster.

• New rights of access to public information by extending the Freedom of Information Act to companies carrying out public functions, such as private prisons.

• Entrenched freedoms of the press to carry out investigative journalism.

• A review of the rule that allows Cabinet papers to be seen automatically only after 30 years.

• New rights against invasion of property after it emerged there are 250 laws allowing state agents to enter a home.

• A debate about a British Bill of Rights and Duties and the possibility of a written constitution.

Have we seen any of these things? Have we hell. We know what politicians mean when they waffle on about freedom:

That’s what the ‘freedom’ in Bush & Blair’s constantly reiterated talking point means – the freedom for capital to be entirely free of restraints, legal, moral or physical. The ‘democracy’ part refers to the periodic tv ratings contests that we laughingly call elections – and any pretence to those being free and fair is long gone, in the UK as well as the US. It doesn’t matter who you vote for really.
Even if you do go through the motions of voting, the only real power your representatives have is the power to decide which lobbyist’s request they will accede to, and what the quid pro quo will be.

The real business of governing, ie how to manage the electorate’s money, is done by unelected trade representatives, at talks in luxury settings, protected against dissent by cordons sanitaires of barbed wire and armed troops, for the benefit of those whose generous capital donations keep those governments triumphant in the ratings wars and in power.

And until we all get a bit braver, and have the gumption to stand firm in the face of state violence and tyranny, to fight back even, there’ll be even more Kent States.

UPDATE:

This sort of gumption:

A group of around 20 school teachers forced their way into the television studios of Greece’s state broadcaster NET on Monday evening, to protest against the government’s austerity programme.