While most Americans spent last night enjoying classic holiday movies like Die Hard, Occupy Wall Street was observing Christmas Eve—and the eve of the 100th day of protests—with a candlelight protest outside the New York Stock Exchange. And as you can see in this great photo by Ryan Devereaux, the candles were specially handcrafted to convey demonstrators' dissatisfaction with the financial system. Feel the burn, banksters!
Occupy Wall Street Gives NYSE A Flaming Middle Finger For Christmas
Thursday, 11/17: Occupy Wall Street Vows To Shut Down NYSE And Occupy MTA, Brooklyn Bridge
Tomorrow is the two-month anniversary of Occupy Wall Street's presence in Lower Manhattan. Despite the loss of its permanent encampment, the movement has ambitious direct action events planned for tomorrow, including a 7:00 a.m. march to shut down the New York Stock Exchange, a 3 p.m. occupation of 16 central subway stations, and a "Festival of Lights" march at 5 p.m. beginning at Foley Square and ending on the Brooklyn Bridge.
Occupy Wall Street To Attempt To Shut Down NYSE For 2-Month Anniversary
It seems like just yesterday when we reported on this "occupation" of Wall Street, whose goal was to "flood into lower Manhattan, set up tents, kitchens, peaceful barricades, and occupy Wall Street for a few months." At the time, we naïvely suggested that they had "better find a slogan, fast," but we've since learned that demands are overrated, and by the measure of that initial goal, the movement has been a success. To celebrate the two-month anniversary of the occupation, the movement is planning to shut down the New York Stock Exchange on Thursday morning and "throw a block party the 1% will never forget."
How Many Billions Will Hurricane Irene Cost Us?
Hurricane Irene is the big news story this week (earthquake, what earthquake?) and big news in the financial capital of the world inevitably turns to questions of cash. To that end, today FiveThirtyEight's Nate Silver did some number crunching and hoo boy, this thing could cost a pretty penny! "Apart from the potential loss of life in the most densely populated part of the country, history suggests that the economic damage could run into the tens of billions of dollars, depending on the severity of the storm and how close it comes to the city."
Schumer Wants NYSE Precedence If It Does Merge
German company Deutsche Börse AG is in talks with the New York Stock Exchange to acquire the NYSE and merge the two companies. But Senator Charles Schumer, aka Wall Street's "go-to-guy," has some demands: NYSE would have to come first in the merged company's name.
German Company In Talks To Buy New York Stock Exchange
According to reports, German company Deutsche Börse AG is in advanced talks to acquire and merge with the New York Stock Exchange. Deutsche Börse AG is the operator of the Frankfurt Stock Exchange, and the merger would create the world’s largest global financial market. But there is one thing that has already been requested: don't change the name. “The New York Stock Exchange is a foundation of the extraordinary American economic success story, and its name rightfully reflects the United States’ position as the financial center of the world,”said Rep. Ted Deutch, a Florida Democrat. So no go on "Die Börse Von New York"?
Liza Fist Pumps At New York Stock Exchange
To raise awareness for World AIDS Day, which is tomorrow, December 1, 2010, amfAR ambassadors Liza Minnelli and Cheyenne Jackson, amfAR chairman Kenneth Cole and fashion designer and Project Runway runner-up Mondo Guerra rang the opening bell this morning at the New York Stock Exchange. You can see video here, but we're a little disappointed she didn't wear a fabulous Lucille Austero jacket.
New York Stock Exchange Welcomes Washed Up Movie Stars
This morning, the New York Stock Exchange's opening bell was rung by some Expendables actors—Terry Crews, Dolph Lundgren, Jason Statham and Sylvester Stallone. The four brought their heaving pecs to the floor and Terry Crews even took off his shirt. Here's video from CNBC:
Flashback: New York Stock Exchange
On this day in 1792, the New York Stock Exchange was founded at 70 Wall Street by 24 brokers with the signing of the Buttonwood Agreement. The agreement had two provisions, that the brokers were to deal only with each other (eliminating the auctioneers), and that the commissions were to be 0.25%. Here's a look back at some of the 218 years inside the Exchange.
Still No Answers About Thursday's Stock Market Plunge
Sure, the SEC and other federal agencies are looking into what may have caused Thursday's stock market plunge, but answers may not come as quickly as some wish. Now that the "fat finger theory" that a trader mistakenly entered "billion" instead of "million" has been discounted, the Wall Street Journal reports, that some traders wonder "whether rapid-fire computer trading, coupled with the market's complex trading systems, triggered a free fall that appears to have begun with an order to sell a single stock."
Clown Can't Change Wall Street's Frown
Yesterday morning, the New York Stock Exchange's opening bell was rung by Grandma the Clown from the Big Apple Circus. The Post has details on what happened next: Master of Ceremonies Carrie "Harvey and Grandma wandered the floor trying to spread joy and merriment, placing funny red noses on exchange officials to touch the funny bones of even the most shaken traders."
Clown Rings Opening Bell of NYSE
The Big Apple Circus is an institution. So is the New York Stock Exchange. But given these times, was it appropriate for Grandma the Clown to ring the opening bell? (Video here.) Dealbreaker says yes, "Granted, it probably would've been more fitting for a manufacturer of ball gags and executioner's masks to ring the bell, but this works, too." In other news, the Wall Street Journal reports, "Citigroup is handing out pink slips to at least 10,000 employees" in another round of layoffs--plus raise interest rates on credit cards. T.G.I.F.!
NKOTB Ring the Bell, Rock the Plaza
Last month the New Kids on the Block (or if you prefer, NKOTB) reunited on the Today Show to announce they were...reuniting. This morning they returned to play some tunes at a rainy Rockefeller Plaza (at press time a nostalgia-packed medley is going down), and fans lined the streets to get in. Guest of a Guest reports from the frontlines, saying, "we almost tripped over NKOTB votaries camping on 48th Street as we were en route to a lunch date at Saks."

