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Clear Ink

This tag is associated with 5 posts

Occupy Wall Street movement reopens foreclosed homes

By ⋅ December 10, 2011 ⋅ Post a comment

From Reuters Dec 10, 2011:
Empty homes were the target of this latest protest by the Occupy Wall Street Movement. In this case their attention was focussed on four homes abandoned or foreclosed in an area of New York they say is among the worst hit by the financial crisis. SOUNDBITE: Senia Barragan, protest organiser, saying (English): “The foreclosure and underwater rates in this particular community is three times higher and any other region of Brooklyn and five times higher than New York state and so really we’re bringing the Occupy movement to ground Zero.” Alfredo Carrasquillo and his family were among the protesters. They’ve taken up residence in one of the district’s vacant properties. The protesters threw a housewarming party to press home their demands for fewer repossessions and more affordable housing. SOUNDBITE: Alfredo Carrasquillo, protester, saying (English) “We took matters into our own hands and claimed back property that was taken away from the community.” Some of the residents in this Brooklyn neighbourhood were happy to see the protesters. SOUNDBITE: George Herivaux, resident, saying (English): “I think it’s great, I love it, I think it’s great. Yes, more often because we need it out here. People are losing their homes, the cops are out here dogging us, we need it out here.” The Occupy Wall Street movement began staging demonstrations in September in a backlash against the billions of dollars given to banks. They say the banks are raking in huge profits again while average Americans have no relief from high unemployment and a struggling economy. Paul Chapman, Reuters

Tween a rock and a hard place

By ⋅ May 27, 2010 ⋅ Post a comment

Nine-year-old Noah Cyrus? Had anyone actually heard of her until a tidal wave of righteous indignation engulfed the recent launch of her clothing range? Miley Cyrus’ (of Hannah Montana fame) kid sister and her parents allegedly signalled clear clothing line intent at a Halloween party last year when Noah appeared decked out in a black [...]

Get lemons, make lemonade

By ⋅ July 27, 2009 ⋅ One comment

There’s no point blaming the media for all the economic bad news. There’s also no point suggesting such negative press adversely affects productivity or business confidence. It’s now time to deal with it and there are positive options, suggests Margaret E. Ward

Wanted: celeb to emulate Buffett

By ⋅ May 13, 2007 ⋅ Post a comment

The Irish Times Business This Week, May 11th 2007 On tonight’s episode of “Sage of Omaha: the next generation” Grandpa interviews his potential successors from Europe’s greatest economic success story – the Emerald Isle Stay tuned to see if they have the modesty, frugality, economic knowledge and common sense to become . . . the [...]

Sub-prime time or Abbatoir of debt

By ⋅ April 16, 2007 ⋅ Post a comment

Fresh meat is needed to feed the insatiable appetite of the international abattoir of debt. Our Government has been waving a big juicy carcass in the air – your mortgages – for some time, writes Margaret E. Ward. Recently, the scent was picked up by lenders to the credit-troubled. These sub-prime lenders are flooding into [...]

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