To the Point
Will Occupy Wall Street Fizzle or Flare?
Occupy Wall Street is in decline, at least for the moment. Is it over or has it generated the kind of energy that can make it rise again? Will it impact next year's elections?
By Warren Olney • • 50m ListenOccupy Wall Street is in decline, at least for the moment. Is it over, or has it generated the kind of energy that can make it rise again? If it has an impact on next year's elections, will it be good for Democrats or Republicans? Also, November US consumer confidence jumps much more than expected, and a federal judge denies a Securities and Exchange Commission settlement of fraud charges against Citigroup. What will that mean for Wall Street?
Banner image; An Occupy Philly protester holds a sign after the 5 pm deadline to clear the encampment expired November 27, 2011 in Philadelphia, Pennsylvania.Photo by Jeff Fusco/Getty Images
In this episode
3 storiesNovember US Consumer Confidence Jumps More than Expected
Retailers have worried about the upcoming holiday season, but consumers are bullish, at least for the moment. The private research group called the Conference Board said today that consumer confidence rose from 40.9 to 56.0 in last month, the biggest gain in eight years. Kathleen Madigan is economics columnist at the Dow Jones Newswire .
Read the story7 minOccupy Movement's Last Gasp or a New Beginning?
New York Police roughly ousted Occupy Wall Street campers in Zuccotti Park, and occupations in cities around the country had similar endings. The use of force gave the movement additional visibility, and even a kind of credibility. In Los Angeles, it's a different story.
Read the story38 minJudge Rejects Citigroup/SEC Settlement
In cases involving Bank of America, JP Morgan Chase, UBS and other big corporations, the Securities and Exchange Commission has allowed fraud charges to be settled. Companies pay fines without admitting they've done anything wrong, even promising not to do again what they haven't admitted to in the past.
Read the story5 min
