A high-speed ferry loaded with hundreds of commuters from New Jersey crashed into a dock in lower Manhattan on Wednesday during the morning rush hour, seriously injuring 11 people, including one who suffered a severe head wound falling down a stairwell.
Scores of people who had been standing, waiting to disembark, were hurled to the deck or launched into walls by the impact, which came after the catamaran Seastreak Wall Street slowed following a routine trip across New York Bay and past the Statue of Liberty, passengers said.
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Facebook CEO Mark Zuckerberg hasn’t enjoyed seeing his company’s stock get pummeled on Wall Street this summer, but he is relishing the opportunity to prove his critics wrong.
“I would rather be in a cycle where people underestimate us because I’d rather be underestimated,” Zuckerberg said Tuesday. “I think it gives us the latitude to go out and make some big bets.”
Zuckerberg, 28, made his remarks before a standing-room-only audience at a tech conference in San Francisco in his first interview since Facebook Inc.’s rocky initial public offering in May.
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Wall Street rocketed higher in the final trading session of what has been a tumultuous month as traders cheered a coordinated action by central banks to buttress money markets and a bounty of bullish economic data, pushing the Dow and S&P 500 above psychologically-important levels. View full article »
Organizers of the Occupy Wall Street protest in New York are moving ahead with plans for a day of civil disobedience and marches tomorrow.
They’ll be joined by some angry city leaders who have publicly denounced Mayor Michael Bloomberg for the raid early yesterday that cleared the park of protesters and dismantled the tent city.
Protesters were allowed to return last night, two at a time, but police were enforcing a ban on sleeping. View full article »
Growing concerns that European leaders may struggle to contain the currency bloc’s two-year-old debt crisis before it puts larger economies in peril and a slew of developments on now bankrupt derivatives brokerage MF Global ignited a dramatic selloff on Wall Street that left the blue chips close to 600 points to the downside over a two-day period. View full article »
I will admit to being a tad obsessed with “Occupy Wall Street.” However, my obsession is not a dangerous one (as Scott Baker may have said repeatedly!) This is pure, intellectual and comedic curiousity. (I’m also keeping an eye on a group of people inside OWS that I believe have a desire and dream to completely tear down our country… but that is another story.)
Last night I returned to lower Manhattan around 8pm and spent an hour wandering among the Zucotti Zombies. The place changes after dark. On the steps into the eastern side of the park, many were gathered and taking part in what I will call the “Zucotti Nightly News.” Protesters take turns standing in the middle of the group and making their announcements in short bites that are repeated by the crowd. It is quite something to witness. View full article »
The Democratic Party moved a step closer to embracing the Occupy Wall Street movement as its own with the top campaign arm for House Democrats sending around a petition urging people to “stand with” the movement.
In an email sent Monday morning, Democratic Congressional Campaign Committee Director Robby Mook appealed for signatures to an online petition in support of those who want “to let billionaires, big oil and big bankers know that we’re not going to let the richest 1% force draconian economic policies and massive cuts to crucial programs on Main Street Americans.” View full article »