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From: Marx Laboratory <[email protected]>
Date: Sat, Oct 15, 2011 at 8:05 PM
Subject: Wall Street Protests Spread as Thousands Gather in Europe, Asia
To: Marx Laboratory <[email protected]>


Wall Street Protests Spread as Thousands Gather in Europe, Asia

Oct. 15 (Bloomberg) -- Protests against widening income disparity took place
across western Europe and Asia today as the Occupy Wall Street movement
spread around the globe, with about 1,000 converging in London and 5,000 in
Frankfurt.

In the U.K. capital, police barred protesters from entering Paternoster
Square, home to the London Stock Exchange. In Frankfurt, marchers gathered
by the European Central Bank headquarters, firing soap bubbles from toy
pistols with plans to camp out, ZDF German television reported.

In the shadow of London's St. Paul's cathedral, protesters waved banners
with slogans that read “No bulls, no bears, just pigs” and “Bankers are the
Real Looters.” Police parked vans in front of the cathedral to block access
to the nearby LSE.

“The financial system benefits a handful of banks at the expense of everyday
people, the taxpayers,” said Spyro Van Leemnen, a 27-year old public
relations agent and a core member of the demonstrators. “Same people who are
responsible for the recession are getting away with massive bonuses. This is
fundamentally unfair and undemocratic.”

The Occupy Wall Street rallies started last month in New York's financial
district, where people have been staying in Lower Manhattan's Zuccotti Park
to protest inequality and advocate higher taxes for the wealthy. The Occupy
London Stock Exchange protest drew 3,000, according to Van Leemnen. Police
didn't provide a number.

Monopoly and Coffee

Protests sprung up in 50 German cities including Berlin, where 6,000 took to
the streets, and numbering 1,500 in Cologne, ZDF said.

In Zurich, about 200 protesters coalesced on Paradeplatz, playing monopoly
and sipping free coffee from a stand. The protests were peaceful.

In South Africa, about 80 people gathered at the Johannesburg Securities
Exchange, Talk Radio 702 reported. Protests continued in the face of
objection from police that the gathering is illegal. More than 100 people
gathered in Cape Town's Company Gardens, close to Parliament, to debate the
economic and social challenges faced by South Africa, the radio station
reported.

In Taiwan, organizers drew several hundred demonstrators, who mostly sat
quietly outside the Taipei World Financial Center, known as Taipei 101.

Communist Anthem

Levin Jiang, 22, an English major at Taipei's Fu Jen Catholic University,
joined others marching and singing the communist anthem L'Internationale in
front of the Hermes watch shop in the mall of what was until last year the
world's tallest building.

“I'm angry about the unjust capitalist society,” he said. “I'm
anti-capitalism.”

In Seoul, 600 converged on the city hall after changing the location of
protest as police banned the rally today, Yonhap News reported. They urged
clamping down on speculative capital, and demanded lower colleague tuition.

In Hong Kong, about 200 people gathered at the Exchange Square Podium in the
city's central shopping and business district, according to Napo Wong, an
organizer.

“Hong Kong is heaven for capitalists,” said Lee Chun Wing, 29, a community
college social sciences lecturer in Hong Kong. “Wealth is created by workers
and so should be shared with the workers as well. Capitalism is not a just
system.”

In Tokyo, where morning rain may have deterred some from joining three
planned protests, more than 120 people demanding an end to nuclear power
generation marched from Hibiya Park to the offices of Tokyo Electric Power
Co., owner of a crippled plant that's spewed radiation, causing the
evacuation of thousands after Japan's March 11 earthquake.

‘Need Not Greed'

In Australia, about 800 people gathered in Sydney's central business
district, carrying cardboard banners and chanting “Human need, not corporate
greed.” Protesters will camp indefinitely “to organize, discuss and build a
movement for a different world, not run by the super-rich 1%,” according to
a statement on the Occupy Sydney website.

In Manhattan's Zuccotti Park, a confrontation between demonstrators and New
York police was avoided yesterday after Brookfield Office Properties Inc.,
which owns the public space, postponed a scheduled cleaning.

700 Arrests in NY

More than 700 demonstrators in New York have been arrested since the
protests began, mostly on disorderly conduct charges. Police reported 14
arrests yesterday for infractions such as sitting in the street and
overturning trash bins.

Today, demonstrators in New York plan to gather in Times Square at 5 p.m.
local time to participate in a “global day of action against Wall Street
greed,” according to www.occupywallst.org. Other events include a rally
against the war in Afghanistan, a student rally in Washington Square Park
and a gathering at a local branch of JPMorgan Chase & Co. to close accounts
en masse and transfer money to worker-owned banks and credit unions.

--With assistance from Soraya Permatasari in Melbourne, Kanoko Matsuyama in
Tokyo, Jana Marais in Johannesburg, Corinne Gretler in Zurich, Richard Weiss
in Frankfurt, Seonjin Cha in Seoul, Naoko Fujimura, Patrick Harrington and
Jim McDonald in Tokyo, Lisa Pham in Sydney, Chinmei Sung and Janet Ong in
Taipei, Stephanie Tong and Fion Li in Hong Kong, Weiyi Lim in Singapore,
Seonjin Cha in Seoul and Esme E. Deprez, Joel Stonington and Chris Dolmetsch
in New York. Editors: Cecile Gutscher, Dick Schumacher

Bloomberg, October 15, 2011 10:26 AM

http://news.businessweek.com/article.asp?documentKey=1376-LT1FUB1A1I4H01-4AQFKDDD4730TCRE5HRHSSINKS

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