Today's Takeaway: NYPD and Wall Street Protesters Clash

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Monday, October 03, 2011

NYPD and Wall Street Protesters Clash; Amanda Knox Appeal Trial Nears Verdict; This Week's Agenda: Wall Street Protests, Jobs Bill, Ben Bernanke; Listener Responses: Bank of America's New Charges; What's Next for the Occupy Wall Street Movement?; Supreme Court Starts New Term; Senate Passes Bill to Alter China's Currency Practices; Perry Criticized Over Offensively Named Hunting Ground; Bill O'Reilly on Lincoln, Obama, and the GOP Candidates

Top of the Hour: Amanda Knox Appeal, Morning Headlines

Amanda Knox, the American student who was convicted of murdering her roommate while studying in Italy, told an Italian appeals court she's innocent and the accusations against her are groundless. Knox and a co-defendant were convicted of murder in 2009. She was sentenced to 26 years in prison.

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Protests Spread After 700 Occupy Wall Street Protesters Arrested

Over 700 protesters from the Occupy Wall Street movement were arrested on Saturday while attempting to cross the Brooklyn Bridge. Police said the arrests were made because protesters were obstructing the roadway, though many protesters have charged that the NYPD tricked them by allowing them onto the bridge. The movement, now in its third week, has spread from a handful of protesters in New York's Zuccotti Park to demonstrations in Boston, Washington, Denver, Los Angeles, and other cities.

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Haqqani Leader Denies Killing Rabbani

Siraj Haqqani, a key leader of the Afghan militant group known as the Haqqani network, told the BBC over the weekend it was not responsible for the assassination of Burhanuddin Rabbani, the head of Afghanistan's High Peace Council. The Haqqanis, who in recent weeks have been blamed for an attack on the U.S. embassy in Kabul, have been described as "the Sopranos of the Afghanistan war" by The New York Times. The U.S. has long accused the Haqqanis of working for Pakistan's spy agency, the ISI.

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This Week's Agenda: Wall Street Protests, Jobs Bill, Ben Bernanke

The New York police department arrested over 700 Occupy Wall Street protesters Saturday, for allegedly walking across the Brooklyn Bridge's roadway, instead of using the pedestrian path. Now in its third week, the movement has spread to other cities around the nation. Meanwhile, Fed Chairman Ben Bernanke is scheduled to testify before Congress tomorrow on the economic outlook for the country, and unemployment figures are set to be released Friday, as President Obama continues to push his jobs bill. And Nevada has moved its caucus date back, ahead of Florida's, which will likely affect the race for the Republican nomination.

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Weekend NFL Roundup

Week 4 of the new NFL season saw the Detroit Lions come back from 24 points down to beat the Dallas Cowboys, giving the Lions a 4-0 record. Nando di Fino, sports reporter for The Wall Street Journal, was watching all of yesterday's games and gives his analysis.

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What's Next for the Occupy Wall Street Movement?

The Occupy Wall Street protests have been gaining momentum since they began in downtown Manhattan two weeks ago. More than a few pundits have noted the leaderless movement is using Arab Spring-style tactics as their inspiration. Like the protests in Tahrir Square in Cairo, Occupy Wall Street supporters are extremely adept at using social media to spread their message. Their camp in the Financial District's Zuccotti Park is impressively organized, with a reception area, media zone, medical clinic, library and cafeteria. But despite structure on the ground, one criticism that’s been repeatedly levied at them is their lack of unified demands. The protesters want to end greed and corruption but don’t necessarily agree as to what that means in practice. 

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Top of the Hour: Markets Down After Greek Debt Announcement, Morning Headlines

World markets fell this morning after the Greek government announced its austerity measures have failed at reining in the country's deficit. Greece will run out of cash in two weeks if it does not receive another bailout loan.

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Supreme Court Begins New Term

The Supreme Court begins a new term on Monday. Rather than ruling on the rights of corporations, as it has done in recent terms, the Court has criminal justice, free speech, and religion cases on the docket. Cases that are likely to grab headlines include when police can track cars with GPS devices, and whether sexual content may air on television at times when children may be watching. But one case may overshadow all of the others: President Obama's health care policy, which requires that most people buy health insurance by 2014.

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Listener Responses: Bank of America's New Charges

Last week, Bank of America announced that it would begin imposing a $5 monthly fee for checking accounts that use debit cards. Other large banks are expected to follow suit. We asked listeners for their reactions to these new charges, and received many responses, including this from J.B. from Massachusetts:

I am a BofA customer and I am not happy about the fee. I use my debit card all the time instead of a credit card, but that will change based on principle. I wonder, how big were bonuses last year and how big will they be this year? I wish they would look inside BofA for ways to save. Maybe cutting back $1 million from the CFO would help the bottom line as well!

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Senate Passes Bill to Alter China's Currency Practices

Senate leaders say the Chinese government's practice of forcing the value of the Yuan artificially low, in comparison to the U.S. dollar, gives Chinese companies an unfair advantage in trade, and is harming the American job market. To combat this, the Senate has passed a bipartisan bill, which the White House is reviewing, to pressure Beijing to alleviate some of those financial controls.

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Perry Criticized Over Offensively Named Hunting Ground

Over the weekend, a front-page article in The Washington Post criticized Texas governor and Republican presidential hopeful Rick Perry, whose family's hunting lodge was formerly known by a racially charged epithet. Other GOP candidates have already been vocal in criticizing Perry. Herman Cain told Fox News on Sunday, "I think it shows a lack of sensitivity."

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'Arrested Development' to Return With New TV Season and Movie

"It's true," actor Jason Bateman tweeted on Sunday. "We will do 10 episodes and the movie. Probably shoot them all together next summer for a release in early '13. VERY excited!" Bateman was on stage at The New Yorker Festival for a reunion with the cast and creator of "Arrested Development," the much-loved, short-lived sitcom that aired on FOX for three seasons from 2003 to 2006. Mitchell Hurwitz, the show's creator, used the occasion to announce that a long rumored "Arrested Development" movie is in the works, as well as limited-run series telling the story of where the characters have been for the last few years. Dave Itzkoff, culture reporter for The New York Times, was in the audience and reports on the latest.

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Bill O'Reilly on Lincoln, Obama, and the GOP Candidates

In 1865, the Civil War came to a close. But just six days after the confederate commanding general Robert E. Lee surrendered, President Abraham Lincoln was shot and killed by John Wilkes Booth at the Ford Theatre in Washington DC. It’s a story that most Americans know, but Bill O’Reilly has some new perspective on these historic events. O'Reilly, the host of Fox News's "The O’Reilly Factor," is also a former high school history teacher, a hobby historian, and co-author of a new book called "Killing Lincoln: The Shocking Assassination That Changed America Forever."

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Koch Industries Sold Millions of Dollars of Petrochemical Equipment to Iran

A six-month investigation by Bloomberg Markets magazine into Koch Industries, one of the world's largest privately held companies, has revealed the highly secretive conglomerate paid bribes to improperly win contracts around the world, and sold millions of dollars worth of petrochemical equipment to Iran. The U.S. government classifies Iran as a sponsor of global terrorism. Koch Industries, which is best known for consumer brands like Lycra, Dixie cups, and Brawny paper towels, is controlled by Charles and David Koch, the billionaire brothers known for financing elements of the Tea Party movement, as well as other libertarian, anti-government causes.

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Comments [2]

we need a nationwide protest !!

Oct. 03 2011 09:58 AM
joan shulman from Staten Island, NY

I think we should reform campaign financing. There is no democracy when our leaders/politicians accept huge amounts of money from banks and other corporations. It is outrageous how much money is wasted on one campaign, where the candidate with the most money gets more airtime and is able to smear the other candidate. And...if that candidate wins, s/he will then cowtow to special interests. Equal time and money among candidates creates a more democratic society. "Occupy Wallstreet" must be political to bring about change.

Oct. 03 2011 07:29 AM

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