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Late Lunchtime Links: The manifesto from Occupy London. Your comments please

Ex-Financial News editor-turned columnist, William Wright, has been hanging out with the protestors at St. Paul's and returned with a photograph of what appears to be a sort of manifesto, pinned up on a piece of paper. This is what it says:

1) The current system is broken - undemocratic, unjust. We need alternatives, this is where we start working towards them. We will work out further points in the course of the occupation.

2) We are of all ethnicities, classes, (sexualities), genders and generations and we stand together with occupations all over the world.

3) We refuse to pay for the bankers' crisis.

4) We support the strike on the 30 Nov, the student actions on the 9th Nov and actions to defend the health service, welfare and employment and to stop the wars.

5) We want structural change so that the world's resources go to caring for people and the planet and not the military, corporate profits, or the rich.

6) This is what democracy looks like.

We welcome your comments at the bottom of this page...

Comprised of investment bankers in the wealthiest 1%, Occupy Occupy Wall Street's displays of solidarity will continue to occur periodically in Liberty Square to protest "Occupy Wall Street." (Occupy Occupy Wall Street)

"Most people view it as a ragtag group looking for sex, drugs and rock 'n' roll," said one top hedge fund manager. (NY Times)

"My taxes are going up. Everybody hates me. I have two friends who bought land in New Zealand. They're trying to convince me to go." (IOL)

" Rich beware your days are numbered ." (Telegraph)

Nouriel Roubini: The instability of inequality. (Project-Syndicate)

Mitsubishi UFJ Morgan Stanley Securities Co. will cut up to 1,300 jobs, or about 20% of its workforce. (WSJ)

The new head of global equities at BAML is hiring former colleagues from Morgan Stanley. (Financial News)

This is not about trimming 10% off an equities business here or a hundred jobs in FICC there, but rather pulling out of entire countries, markets and businesses. (Financial News)

Sergio Ermotti reiterates that UBS is committed to investment banking. (Bloomberg)

Citigroup has followed Deutsche in moving its head of ECM back to London from Dubai. (Bloomberg)

Commodities professionals seem particularly prone to redundancy. (Financial News)

You may want to work for the European Investment Bank. (Guardian)

Bank of England is inviting teams of 16-18 year olds to play a game of keeping inflation at 2.0%. (Bank of England)

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AUTHOReFinancialCareers UK Insider Comment
  • Go
    Goodge
    18 October 2011

    I still don't get what bankers have to do with this crisis. This crisis is all due to the intergenerational transfer of wealth, where the new generation have to pay for the nice living of the previous generations. Banks have just allowed this to run longer than it should have buying (well been forced to buy) government bonds and allowing governments to keep this scam going. If there is anyone these people should complain with is their parents and grandparents. I cannot use the correct word here, but the new generation has been... by their grands and now it's time to pay!

  • WI
    WILLIAM
    18 October 2011

    I disagree with their statement 'We need alternatives, this is where we start working towards them'. I think traditional investment in real assets makes as much sense as alternative investment strategies. If they do want alternatives, I would suggest Curzon Street or Zurich rather than the steps of St. Pauls.

  • Ha
    Haydn
    18 October 2011

    Ayn Rand is somewhere laughing.

  • Ce
    Ceo
    17 October 2011

    These demonstrators are idiots, they don't know what they speak and are even less aware of the damage their stupid actions may cause. During these tense times they should not aggravate the situation further and induce social unrest.

  • PE
    PE Boy
    17 October 2011

    Nice one David, it's really good to see people living up to stereotypes.

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