Entries in Goldman Sachs (2)


Occupy Protests Disrupt West Coast Port Operations

KIMIHIRO HOSHINO/AFP/Getty Images(OAKLAND, Calif.) -- Some major ports along the West Coast were affected Monday when protesters from the Occupy Wall Street movement showed up uninvited to make life difficult for shippers and truckers in an event called "Occupy the Ports."

Occupy Wall Street said the point of the rallies at ports that included Seattle, Portland, Ore., Los Angeles, San Francisco, Oakland and Long Beach, Calif., was to once again shine a light on the economic woes that have beset the overwhelming majority of Americans they've dubbed the "99-percenters."  In fact, the demonstrations stretched down as far south as the Port of Houston where protesters clashed with police.

But those who certainly aren't in the group's demonized "1 percent" were just collateral damage to the protesters, whose actions spawned delays that hit truckers -- not CEOs -- in their wallets. Port workers vented their frustration with the protest, which halted or disrupted operations in some cases, costing workers a day's pay and fines for truckers who were liable for late deliveries.

Unions complained that they weren't notified first about the demonstrations and how much they'd cost the average port worker in a day's wage.

Occupy Wall Street was also showing its contempt for Goldman Sachs Group Inc., which owns a stake in the largest cargo-terminal operator.  About 250 people in New York City tried to block the entrance to Goldman Sachs' headquarters on Wall Street as police only allowed those with identification to enter the building.

Copyright 2011 ABC News Radio


Occupy Wall Street Protesters Take Brooklyn Bridge; 500 Arrested

Mario Tama/Getty Images(NEW YORK) -- Some 700 demonstrators were arrested Saturday during the Occupy Wall Street protests, which spread to the Brooklyn Bridge and disrupted traffic for hours, New York City police said.

The hundreds of arrests come as the demonstration enters its third week, and with sympathizers in dozens of other cities across the country taking to the streets.

Police said they allowed the demonstrators to march on the bridge’s pedestrian walkway, but arrested those who marched on the vehicular lanes, blocking traffic on one of the main routes into lower Manhattan.

Several members of the protest said police were making random arrests, even of people who were complying with police orders to leave the bridge roadway.

“They were allowing people to disperse if they were willing to, but they were still taking people randomly out of the line that were leaving and were arresting them,” one demonstrator told ABC station WABC-TV in New York.

The Occupy Wall Street movement, growing to more than 1,500 people in New York two weeks after it began, had called for a march in lower Manhattan Saturday at 3 p.m. to “show that it is time that the 99% are heard.”

“We are unions, students, teachers, veterans, first responders, families, the unemployed and underemployed. We are all races, sexes and creeds. We are the majority. We are the 99 percent. And we will no longer be silent,” read a post on the Occupy Wall Street website.

During a march through lower Manhattan last weekend, videos showed police using what demonstrators said was unnecessary force. In some video police were seen using orange netting to contain groups of marchers, in others a man with a camera was thrown to the ground by a police officer without any apparent reason and a police officer sprayed mace on a woman.

On Friday, about 1,500 demonstrators took their protest to the New York Police Department headquarters.

Copyright 2011 ABC News Radio

ABC News Radio