Occupy Wall Street movement goes global

New York, NY -- After triumphing in a standoff with the city over the continued protest of Wall Street at Liberty Square in Manhattan's financial district, the Occupy Wall Street movement has spread world wide today with demonstrations in over 1,500 cities globally and over 100 US cities from coast to coast. In New York, thousands marched in various protests by trade unions, students, environmentalists, and community groups. As occupiers flocked to Washington Square Park, two dozen participants were arrested at a nearby Citibank while attempting to withdraw their accounts from the global banking giant.

Occupy Wall Street began on September 17, 2011 in Liberty Square in Manhattan’s Financial District, and has spread to over 100 cities in the United States and actions in over 1,500 cities globally. Protesters say they are fighting back against the corrosive power of major banks and multinational corporations over the democratic process, and the role of Wall Street in creating an economic collapse that has caused the greatest recession in generations.They say they aim to expose how the richest 1% of people who are writing the rules of the global economy are imposing an agenda of neoliberalism and economic inequality that is foreclosing our future.

While the spotlight is on New York, "occupy" actions are also happening all across the Midwestern and the Southern United States, from Ashland, Kentucky to Dallas, Texas to Ketchum, Idaho. Four hundred Iowans marched in Des Moines, Iowa Saturday as part of the day of action:

Protests filled streets of financial districts from Berlin, to Athens, Auckland to Mumbai, Tokyo to Seoul. In the UK over 3,000 people attempted to occupy the London Stock Exchange. "The financial system benefits a handful of banks at the expense of everyday people," said Spyro Van Leemnen, a 27-year old public relations agent in London and a core member of the demonstrators. "The same people who are responsible for the recession are getting away with massive bonuses. This is fundamentally unfair and undemocratic."

There were also demonstrations in South Africa, Canada, and Australia.
The movement's success is due in part to the use of online technologies and international social networking. The rapid spread of the protests is a grassroots response to the overwhelming inequalities perpetuated by the global financial system and transnational banks. More actions are expected in the coming weeks, and the Occupation of Liberty Square in Manhattan will continue indefinitely.