Saturday, March 10, 2012

"Occupy Wall Street in New York running out of cash"

From Reuters:

Donations have slowed
* Group plans 'American Spring' protests

New York's Occupy Wall Street group is warning it could run out of money by the end of the month, raising questions about the future of the movement that sparked nationwide protests against economic injustice last year.

Donations to the group have slowed six months after it set up camp in a park near Wall Street, igniting the Occupy movement across the United States.

A report by Occupy Wall Street's accounting group for the week ended March 2 showed it had $44,828 in a general fund in addition to $90,000 set aside to bail protesters out of jail during planned "American Spring" protests.

The report said, "At our current rate of expenditure, we will be out of money in THREE WEEKS."
The report - posted on the group's - showed $1,556 had been raised that week, while $14,942 had been spent on the group's kitchen, street medics, New York bus and subway passes, and printing costs.

The latest donation total constrasted sharply with the estimated $500,000 the group raised within weeks of setting up camp at Zuccotti Park on Sept. 17.

Since Occupy Wall Street began, it has received more than $730,000 in donations, according to the accounting group. It has a fiscal sponsor, the Tucson-based Alliance for Global Justice, which allows donations to be tax exempt....MORE
Here's Joel Grey with commentary: