

Search
Let's start with the news. This was the week Occupy Wall Street was supposed to shuck its winter coat and restart the global revolution. On May 1, May Day, OWS declared a general strike, which by my count is at least the second general strike called by OWS affiliates (the first was in Oakland last fall). General strikes have a long and distinguished history, particularly in Europe, where they occur with regularity, driven by well-organized unions and by mass parties of the left (including once the communists). The trouble, however, with calling a general strike is that it looks pretty weak if there's no "general" and no "strike." New York City and the police shook off Tuesday's general strike like a dog drying itself off. There was no evidence of large numbers of folks taking off from work in solidarity, and despite some transit problems in the morning, probably from the rain, the city operated pretty normally. On Wall Street, where a band of OWSers had been trying (not very successfully) to secure a foothold -- first on the sidewalk, then on the steps of the Federal Building -- there were expectations of the kind of crowds that effectively shut the place down for a few hours last fall. Apparently protesters arrived, but after most everyone went home.
blog comments powered by Disqus

Goldman, Sachs & Co. veteran Tracy Caliendo will join Bank of America Merrill Lynch in September as a managing director and head of Americas equity hedge fund services. For other updates launch today's Movers & shakers slideshow.
When will companies stop refinancing and jump back into M&A? More video