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OWS's Rolling Jubilee -- One Year Later

post by: Ray Duray  November 13, 2013

The Guardian has the story:

Occupy Wall Street activists buy $15m of Americans' personal debt

Rolling Jubilee spent $400,000 to purchase debt cheaply from banks before 'abolishing' it, freeing individuals from their bills

A group of Occupy Wall Street activists has bought almost $15m of Americans' personal debt over the last year as part of the Rolling Jubilee project to help people pay off their outstanding credit.

Rolling Jubilee, set up by Occupy's Strike Debt group following the street protests that swept the world in 2011, launched on 15 November 2012. The group purchases personal debt cheaply from banks before "abolishing" it, freeing individuals from their bills.

By purchasing the debt at knockdown prices the group has managed to free $14,734,569.87 of personal debt, mainly medical debt, spending only $400,000.

"We thought that the ratio would be about 20 to 1," said Andrew Ross, a member of Strike Debt and professor of social and cultural analysis at New York University. He said the team initially envisaged raising $50,000, which would have enabled it to buy $1m in debt.

"In fact we've been able to buy debt a lot more cheaply than that."  MORE

tags: ows, rolling jubilee, debt | permalink

Can anyone be this incompetent by accident?

post by: Ray Duray  November 5, 2013

Oregon is the featured failure in this NPR segment on the on-going health insurance fiasco.

Oregon's State Exchange May Be Worse Than

by Kristian Foden-Vencil

As the federal government consumes humble pie over failures in the health insurance exchanges, some states that have set up their own exchanges are also struggling. Oregon has yet to enroll one single person, and it's been reduced to pawing through paper applications to figure out eligibility.

When Cover Oregon opened Oct. 1, executive director Rocky King was excited. He'd been preparing for years. "Day one, we are accepting applications. And staff at the Oregon Health Authority and Cover Oregon are ready to process those applications," he said on opening day.

Back then, King conceded there were still glitches with the , but he said that by mid-to-late October they'd be worked out. Now it's November, and it's clear that a quick fix is not in the cards. So Cover Oregon has turned to old-fashioned paper applications. People can either download one off the website, or have somebody walk them through it.

NPR made a request to visit a call center to see the process but was turned down for security reasons.

Instead, spokeswoman Amy Fauver explained how it is working. "We have on our website right now a place where people who just want to wait, who just want to do it electronically, can give us their e-mail address, and we will e-mail them when the system is fully functional," she said.  [Continues at website...]

tags: oregon health care,, | permalink

Russell Brand Raves On

post by: Ray Duray  November 2, 2013

More anarchic anti-establishmentarianism from the irrepressible Russell Brand.

tags: russell brand, lee camp, hugo boss, awards ceremony, nazis | permalink

Occupy Finance Takes on Jaime Dimon

post by: Ray Duray  October 31, 2013

She's back. Marni, that is. The wonderful woman who is giving Occupy Finance (and and a fake Jaime Dimon) a real kick in the pants.

Bank Reform Bitch/ Spandex-Clad Roller Girl/ Better Banking Butterfly/ Ethical Fiscal Fairy/ Naughty Nun Made An Appearance At Yesterday’s Buttonwood Gathering

She showed up midday outside the Hyatt, where The Economist’s annual finance and economics conference was taking place, toting inflatable Jamie Dimon and giving passerby the opportunity help the CEO “repent for his sins” by buying a copy of the Occupy Finance book, with whom, BRB/Roller Girl/BBB/EFF/NN collaborates.

Here's the pitch on the Occupy Finance book offer.


But there's more....

tags: occupy finance, jpm, jp morgan, jaime dimon, dealbreaker. marni | permalink

Tales From The Crypt: Dick Cheney Writes a Book

post by: Ray Duray  October 31, 2013

Our very scary Halloween special.... featuring the resurrection of bloody-minded Dick Cheney:

Dick Cheney, one-man zombie apocalypse

The former VP has returned from the shadows – weirdly, to court the Tea Party for daughter Liz's Senate run. Happy Halloween!

by Ana Marie Cox

Rationally, I realize that the reappearance of Dick Cheney in the media landscape is tied to his promoting his new book, Heart: An American Medical Odyssey. And, with equal clear-mindedness, I know that his publisher no doubt timed the book's debut to capitalize on the roll-out of the Affordable Care Act – Cheney has gravely insisted in interviews that the ACA would limit the technological innovations that allow his own survival.

A more primal part of me simply sees "Cheney", "heart" and "Halloween" and I clutch my own chest in fear. [Continues at website...]

tags: dick cheney, ana marie cox, halloween | permalink

Obamacare: N. Flim-flam, scam, con game

post by: Ray Duray  October 30, 2013 has the story....

Obamacare: The Biggest Insurance Scam in History

  By Kevin Zeese and Margaret Flowers

The Affordable Care Act (ACA), also called "Obamacare," may be the biggest insurance scam in history. The industries that profit from our current health care system wrote the legislation, heavily influenced the regulations and have received waivers exempting them from provisions in the law. This has all been done to protect and enhance their profits.

In the meantime, the health care crisis continues. Fewer people, even those with health insurance, can afford the health care they need because of out-of-pocket costs. The ACA continues that trend by pushing skimpy health plans with low coverage and restricted networks.  [Continues at website...]

Ray again. Compare to the sensible single payer alternatives, including this from Physicians For A National Health Program..

tags: obamacare, aca, kevin zeese, margaret flowers, banana republic, | permalink

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