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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.



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Wednesday, November 30, 2011

The Day's News 11-30-11

Newt GingrichThe day's news highlights a coordinated global central bank action initiated to help ease pressure from the euro zone. Americans received solid economic data in the form of better than expected private payroll rise and an improved view from Chicago purchasing managers. However, all the news was not good, with S&P downgrading banks with global exposure. Newt Gingrich was shown leading President Obama in a new poll. In world news, France and Norway pulled their embassy staffs from Iran while the U.K. expelled Iranian diplomats from British soil.

The Day's News




Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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A Closer More Painful Look at Housing

homebuildersThere seemed not much we could glean from the New Home Sales data for October generally speaking, but after a more painful closer look, there are nooks full of grime and crannies full of malaise worth discussing after all.

real estate blogOur founder, Markos Kaminis, earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Relative tickers: Nasdaq: ITIC, NYSE: BAC, OTC: FMCC.OB, OTC: FNMA.OB, NYSE: GS, NYSE: MS, NYSE: WFC, NYSE: TD, NYSE: SRS, NYSE: URE, NYSE: IGR, NYSE: XIN, Nasdaq: RYHRX, Nasdaq: TRREX, NYSE: TOL, NYSE: HOV, NYSE: DHI, NYSE: BZH, NYSE: LEN, NYSE: KBH, NYSE: PHM, NYSE: NVR, NYSE: GFA, NYSE: MDC, NYSE: RYL, NYSE: MTH, NYSE: BHS, NYSE: SPF, NYSE: MHO, AMEX: OHB, NYSE: VNQ, NYSE: PNC, NYSE: JPM, Nasdaq: HOFT, NYSE: ETH, NYSE: PIR, NYSE: WSM, NYSE: HD, NYSE: LOW, AMEX: VAZ, AMEX: NKR, AMEX: MZA, AMEX: NXE, AMEX: NFZ, Nasdaq: XNFZX, Nasdaq: FSAZX, Nasdaq: AVTR, NYSE: AIV, NYSE: EQR, NYSE: AVB, NYSE: UDR, NYSE: ESS, NYSE: CPT, NYSE: SNH, NYSE: BRE, NYSE: HME, NYSE: MAA, NYSE: ELS, NYSE: ACC, NYSE: CLP, Nasdaq: AGNC, NYSE: SUI, NYSE: AEC, NYSE: PMT and AMEX: TWO, NYSE: SPG.

A Look at Housing



In recent reports on real estate and homebuilders, we noted that the global macroeconomic meltdown would not likely leave out homebuilders. We were wondering this week if our detractors, a group basically consisting of homebuilder long positions today, noted the apocalyptic warning from the OECD Monday or Fitch’s U.S. outlook downgrade Tuesday. Well, they’ll argue that the efficient stock market blew off the news, with the Dow up both Monday and Tuesday on record Black Friday and Cyber Monday retail sales. Housing stocks rallied as well, with PulteGroup (NYSE: PHM) up 2.5% Tuesday, K.B. Home (NYSE: KBH) up 0.9%, Toll Brothers (NYSE: TOL) 0.5% higher and D.R. Horton (NYSE: DHI) increasing 0.3%. Now I’ll tell you why I think the week’s stock buyers will regret it down the road.

October’s New Home Sales were reported at the start of the week, and not much was made of the news. There was good reason for that; it’s because not much changed generally speaking. The annual pace of new home sales rose 1.3% month-to-month, to 307K, from a revised September pace of 303K. The sales pace was 8.9% greater than the year ago period, thanks to the low bar set when housing was left to its own devices absent of the First-Time Homebuyer Tax Incentive. I should note that this last bit of information is overlooked by the biased among us.

Economists were looking for a sales pace of 310K, so 3,000 more than the actual result. Clearly, the miss was insignificant. In fact, the entirety of the report seemed insignificant, except to regional markets and discerning eyes. Breaking the data down, we see that sales in the Midwest were red hot, surging 22.2% over September’s pace and 37.5% above the prior year rate. I expect this has at least something to do with the energy boom in North Dakota, if not all to do with it. That’s because the biggest barrier to growth in the state’s energy production boom has been inadequate housing capacity. Still, this is great news for the local housing market and builders participating there. This gem in the rough report is missed by reporters purposed to push a position or by the popular press’ pumping of paper. It’s the independent voice with a core competency of discernment that adds value. By the way, we take and need donations, so please do support our effort through these difficult times via the "donation" tab atop our Wall Street Greek blog.

The western region of the nation also enjoyed a surge in activity (+14.9%), taking it to a level not seen since the spring. The Northeast was even with September’s pace, but the South reported a 9.5% drop off.

Another noteworthy tidbit was the dip in housing inventory to 6.3 months, down from 6.4 in September. Supply was 8.5 months a year ago. You would think that we would eventually reach a point of equilibrium. Month-in and month-out this development in inventory is viewed positively, seen as another step toward growth revival. At some point, inadequate supply and absent production should leave a housing shortage. That’s not the case though in a nation that is not creating jobs. Rather, empty nester homes are refilling with an increasing number of family members, children returned from college or Iraq, and brothers returned from Wall Street or prison, etc.

The final data point most often observed here is the home price information. Like seen in the S&P Case Shiller data, though in this case it’s timely, new home prices fell. Obviously, that’s not a good sign for real estate nor for homebuilders. But stock valuations have an important component reflecting future expectations, the longs will remind us. Well then it would seem fiat currency dilution for the sake of debt digestion will simply result in the penalization of all the world for the faults of those who partook in excessive leverage and who were possessed by greed. That’s not good for the homeownership rate either my friends. However, I have one caveat for you real estate survivors: if you already own your own home, then that hard asset with the extra benefit of utility value, including the ability to rent it or to provide you with shelter, will benefit from the inflation I see ahead.

In conclusion, it would seem this mundane report with seemingly stagnant data did prove quite interesting after closer inspection.

Editor's Note: Article should interest investors in Investors Title (Nasdaq: ITIC), Bank of America (NYSE: BAC), Freddie Mac (OTC: FMCC.OB), Fannie Mae (OTC: FNMA.OB), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), Toronto Dominion (NYSE: TD), UltraShort Real Estate ProShares (NYSE: SRS), Ultra Real Estate ProShares (NYSE: URE), ING Clarion Global Real Estate Income Fund (NYSE: IGR), Xinyuan Real Estate Co. (NYSE: XIN), Rydex Real Estate Fund H (Nasdaq: RYHRX), T. Rowe Price Real Estate Fund (Nasdaq: TRREX), Toll Brothers (NYSE: TOL), Hovnanian (NYSE: HOV), D.R. Horton (NYSE: DHI), Beazer Homes (NYSE: BZH), Lennar (NYSE: LEN), K.B. Homes (NYSE: KBH), Pulte Homes (NYSE: PHM), NVR Inc. (NYSE: NVR), Gafisa SA (NYSE: GFA), MDC Holdings (NYSE: MDC), Ryland Group (NYSE: RYL), Meritage Homes (NYSE: MTH), Brookfield Homes (NYSE: BHS), Standard Pacific (NYSE: SPF), M/I Homes (NYSE: MHO), Orleans Homebuilders (AMEX: OHB), Vanguard REIT Index ETF (NYSE: VNQ), PNC Bank (NYSE: PNC), J.P. Morgan Chase (NYSE: JPM), Hooker Furniture (Nasdaq: HOFT), Ethan Allen (NYSE: ETH), Pier 1 Imports (NYSE: PIR), Williams Sonoma (NYSE: WSM), Home Depot (NYSE: HD), Lowes (NYSE: LOW), Nasdaq: XNFZX, Nasdaq: FSAZX, Avatar Holdings (Nasdaq: AVTR), Apartment Investment & Management (NYSE: AIV), Equity Residential (NYSE: EQR), Avalonbay Communities (NYSE: AVB), UDR Inc. (NYSE: UDR), Essex Property Trust (NYSE: ESS), Camden Property Trust (NYSE: CPT), Senior Housing Properties (NYSE: SNH), BRE Properties (NYSE: BRE), Home Properties (NYSE: HME), Mid-America Apartment (NYSE: MAA), Equity Lifestyle Properties (NYSE: ELS), American Campus Communities (NYSE: ACC), Colonial Properties (NYSE: CLP), American Capital Agency (Nasdaq: AGNC), Sun Communities (NYSE: SUI), Associated Estates (NYSE: AEC), PennyMac Mortgage (NYSE: PMT), Two Harbors (AMEX: TWO), Simon Property Group (NYSE: SPG).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Tuesday, November 29, 2011

Investing News 11-29-11

investing newsThe day's "Investing News" covers more than just business, including also world and U.S. news headlines as well as interesting offbeat stories. Today's investing news wire has Fitch lowering its outlook on the U.S. and Moody's (NYSE: MCO) considering cuts across Europe. The euro zone is clearly at a head today. The non-business wire highlights the news of Iranian protesters storming of the British Embassy in Tehran. We've also got offbeat interests, including a study showing that wireless laptop use can render men impotent.

Investing News





Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Monday, November 28, 2011

Hot News 11-28-11

hot newsToday's hot news highlights the seriousness of the trouble brewing in Europe. The stories that are linked to herein talk of secret planning of the IMF and EU with regard to impending collapse of Italy and Spain, if not the whole of the euro zone. The world news wire has a similar catastrophic tone to it, with Iran, Pakistan and Russia all taking contrary and aggressive position to the west.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Market Outlook 11-28-11

market outlookThe European debt crisis hits home Monday, literally, with President Obama meeting with European officials in Washington on the matter. The issue continues to weigh heavily for American markets as many, including Barron’s Columnist Michael Santoli in this week’s column, are openly pondering if Europe is nearing its Lehman moment. In today’s entangled marketplace, the possible collapse of the euro zone concerns all of us.

The day’s market moving news keys on the international, with the meeting with the Europeans atop the list. Otherwise, there’s a United Nations conference scheduled in South Africa on the topic of greenhouse gases. The OECD will publish its latest economic outlook, and in the firestorm that is currently Egypt, revolutionaries will take part in the first round of parliamentary elections.

The week ahead is full of housing data, and the stream starts Monday with the New Home Sales Report for October. Existing Home Sales were reported last week for the same month, and offered little new information. The much larger previously owned home market saw its annual pace of sales increase a bit, to 4.97 million, up from 4.91 million in September. Still, the level of activity represented a 13.5% better environment than the year before. Followers of this column are not surprised by the year-over-year growth since the middle of the year, as we forecasted it early.

The New Home Sales market is significantly smaller, but it still offers important information for both the real estate market and for housing stock investors. Economists surveyed by Bloomberg see the annual pace of Home Sales at about the same level in October as it was in September, basically offering the same message communicated by the Existing Home Sales data. Simply put, we’re stuck in the muck. Based on what I see developing for the global economy, I find nothing in the latest housing data to question my view on housing. Though even if I did, I would remind the reader that the global economy will determine its component’s direction this time around, in my view.

The New Home Sales forecast developed through Bloomberg’s survey is for an annual sales pace of 310K in October, down slightly from the 313K pace reported in September. The economists’ range of forecasts spans from 300K to 320K, or perfectly around that consensus view. September’s sales were 5.7% greater than in August, but 0.9% lower than last year. They’ve held around the 300K mark all year, which may simply indicate a sort of treading of water for the market. A rate of sales significantly higher than last month’s mark seems unlikely, but if it does happen, I would warn homebuilder longs to focus on the short-term only and take profits on long-term interests before too long. My global macroeconomic concerns dictate this, as relayed in recent articles Dark Clouds Loom Over the Real Estate Horizon and Homebuilders and their Shareholders are Drinking the Kool-Aid.

The corporate wire has China Mass Media (NYSE: CMM) with a scheduled 1-for-10 reverse stock split. The earnings schedule highlights news from Hillenbrand (NYSE: HI), Copart (Nasdaq: CPRT), Thor Industries (NYSE: THO), Ralcorp (NYSE: RAH), China Cord Blood (NYSE: CO), China Metro-Rural (AMEX: CNR), China Nepstar Chain Drugstore (NYSE: NPD), G. Willifood Int’l (Nasdaq: WILC) and Taomee Holdings (Nasdaq: TAOM).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Wednesday, November 23, 2011

Extremely Important News 11-23-11

extremely important newsThe day's extremely important news highlights a travel nightmare unfolding on the PA Turnpike, and on the day when most Americans travel. The geopolitical wire has Russia pulling out of the START Treaty, and Putin threatening to tighten his grip on power due to a pending crisis. In business, a German bund sale was a relative failure, driving panic in Europe, and Chinese manufacturing contracted on top of that news. Lucky tomorrow is a holiday, because it looks like Wall Street will need a break.

Extremely Important News




Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Tuesday, November 22, 2011

Wall Street Day 11-22-11

market dayThe Wall Street day is being dictated by several factors, with European political indecision sending shares tied to the region lower. In the States, we've seen the failure of the congressional super committee cost stocks to start the day, along with a miss in the GDP revision, but deep into afternoon trade, Wall Street is higher.

Wall Street bloggerWall Street Greek founder, Markos Kaminis, earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Wall Street



The Congressional Deficit Reduction Committee, which we affectionately labeled the stupercommittee, looks near certain now to fail to drive budget cutting legislation. However, given the President’s commitment to veto any congressional effort to remove the default budget cuts that would come to play as a result of super committee failure, U.S. markets should theoretically be unaffected. They have performed better than their European brethren today, with the Dow, Nasdaq and S&P 500 each up fractionally into the afternoon Tuesday.

That’s because with debt cuts coming anyway, a credit downgrade of the U.S. is effectively stopped. And this morning, all three rating agencies affirmed their positions on American sovereign debt. S&P (NYSE: MHP) stated that the default cuts mitigated risk if enforced, though Moody’s (NYSE: MCO) and Fitch said the legislative stalemate was worth noting. Of course, the last two mentioned still have top ratings on the U.S.

The key economic data of the day came from the first revision to third quarter GDP. Gross domestic product was cut to growth of 2.0%, down from the 2.5% rate initially reported and short of the 2.4% consensus estimate of economists surveyed by Bloomberg. The range of economists’ views spanned from 2.0% to 2.9%. GDP was up 1.3% in Q2, so the improvement is still noted, yet the slower pace also takes some steam out of stocks as it raises the economic alert again looking forward.

The other big report Tuesday was the 2:00 PM ET release of the Federal Open Market Committee Meeting Minutes, which cover the Fed meeting of November 2.

ICSC/Reuters Weekly Same-Store Sales fell 0.9% through the period ending November 19 while marking 2.8% year-to-year growth. That’s not impressive when factoring in the rate of inflation. With this data immediately preceding the start of the holiday shopping season, it seems futile to read into. Shoppers are anxiously awaiting the start of Black Friday deals now, and so putting off consumption in the current period.

MF Global’s (OTC: MFGLQ.PK) post bankruptcy trustee requested New York bankruptcy court approval to speed the claims process today. The court is also reviewing the details regarding the missing funds at MF Global, and has revised the total to $1.2 billion, which is twice the initial estimate.

IPO lockup curbs expired on Solazyme (Nasdaq: SZYM) today. Jacobs Engineering (NYSE: JEC) has an analyst meeting scheduled. The earnings schedule highlights news from Medtronic (NYSE: MDT), Campbell Soup (NYSE: CPB), Hormel Foods (NYSE: HRL), Canadian Solar (Nasdaq: CSIQ), Chicos FAS (NYSE: CHS), China Digital TV (NYSE: STV), Patterson Companies (Nasdaq: PDCO), Acorn Int’l (NYSE: ATV), American Woodmark (Nasdaq: AMWD), Astro Med (Nasdaq: ALOT), Books a Million (Nasdaq: BAMM), China Real Estate Info (Nasdaq: CRIC), China Xiniya Fashion (NYSE: XNY), Citi Trends (Nasdaq: CTRN), Cracker Barrel Old Country Store (Nasdaq: CBRL), Daktronics (Nasdaq: DAKT), dELi’s (Nasdaq: DLIA), Diana Containerships (Nasdaq: DCIX), DSW (NYSE: DSW), Eaton Vance (NYSE: EV), E-House (China) Holdings (NYSE: EJ), Fred’s (Nasdaq: FRED), Genesco (NYSE: GCO), Gymboree (Nasdaq: GYMB), Hanwha Solarone (Nasdaq: HSOL), JA Solar (Nasdaq: JASO), Le Gaga (Nasdaq: GAGA), LTX-Credence (Nasdaq: LTXC), Nuance Communications (Nasdaq: NUAN), Pandora Media (NYSE: P), QAD Inc. (Nasdaq: QADB), Raven Industries (Nasdaq: RAVN), School Specialty (Nasdaq: SCHS), Signet Jewelers (NYSE: SIG), Suntech Power (NYSE: STP), Symbion (Nasdaq: SMBI), TiVo (Nasdaq: TIVO), Tri-Valley (AMEX: TIV) and Valspar (NYSE: VAL).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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European Shares Doomed by Politics

European Union EUThe market mood across Europe was decided before the sun rose Tuesday. Pressure is intensified around Greek political leaders, as the IMF and EU are refusing to continue aid flows to Greece without written pledges by both major parties. Political bias across euro zone members has a disjointed union treading water. Thus, European shares were doomed today and will be so moving forward without political will and finally a determined path.

European blogsOur founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Relevant tickers: NYSE: DB, NYSE: STD, Nasdaq: ITUB, NYSE: UBS, NYSE: WBK, NYSE: LYG, NYSE: BCS, NYSE: CS, NYSE: AIB, NYSE: BLX, NYSE: NBG, NYSE: RY, NYSE: BFR, NYSE: IRE, NYSE: BMO, NYSE: CM, NYSE: ING, NYSE: C.

European Shares Doomed



The troika is seeking written pledges from Greek political parties stating that they will pursue the austerity path agreed to through the February election and beyond. The entire situation has effectively placed Greece’s new Prime Minister Lucas Papademos on a stick for February roasting. The busy new PM met with the President of the Euro Group today, Jean-Claude Juncker, likely answering questions on this matter. The risk to U.S. investors here is of course of contagion across Europe, and the unclear result of a Greek default and falling out from the eurozone.

Forces are pressuring for the European Central Bank (ECB) to step up its bond purchase activity and for the EU to issue euro bonds. Such action would effectively force the significant investment of all European participants in regional recovery. They would have significantly increased vested interests, and so the Germans, with the farthest to fall from their state of independent grace oppose the idea. This division has raised doubts, at least here, about the EU’s ability to survive the crisis intact. And with global market entanglement, there would be no escaping a European downfall for U.S. investors. If the American banking risk outlined recently by Fitch, is not enough to get us, the deteriorating economies of Europe should weigh heavily enough.

European shares were down on the day as a result, with the Euro Stoxx 50 down 1.1%, the DAX off 1.2%, CAC 40 down 0.8% and the Athex Composite short 2.0%. European banking shares were off, with Deutsche Bank (NYSE: DB) down 0.9%, Banco Santander (NYSE: STD) off 2.5%, UBS (NYSE: UBS) down 0.9%, Credit Suisse (NYSE: CS) off 0.8%, Barclays (NYSE: BCS) off 3.0% and Lloyds (NYSE: LYG) down 5.1%.

Article is relevant to Deutsche Bank (NYSE: DB), Banco Santander (NYSE: STD), ITA (Nasdaq: ITUB), UBS (NYSE: UBS), Westpac Banking (NYSE: WBK), Lloyds Banking Group (NYSE: LYG), Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), Allied Irish Bank (NYSE: AIB), Banco Latinamericano (NYSE: BLX), National Bank of Greece (NYSE: NBG), Royal Bank of Canada (NYSE: RY), BBVA Banco Frances (NYSE: BFR), The Bank of Ireland (NYSE: IRE), Bank of Montreal (NYSE: BMO), Canadian Imperial Bank of Commerce (NYSE: CM), ING Groep (NYSE: ING), Citigroup (NYSE: C).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Most Important News 11-22-11

most important newsToday's most important news highlights turmoil across global markets as Europe struggles with political barriers to Greek aid and fear of downgrades to EU powerhouses. Needless to say, political barriers here in the States has the congressional stupercommittee failing to come to agreement on where to cut the budget. There's a whole lot more important news here below.

Most Important News




Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Monday, November 21, 2011

Papademos on a Stick

Lucas Papademos Greek Prime Minister PM George PapandreouIt seems Greeks are coming to grips with the reality that their new leader, Lucas Papademos, may offer a different face to watch on television, but he comes with even stauncher support of the troika’s austerity medicine than the embattled George Papandreou. Indeed, the European Union’s man and once #2 at the European Central Bank (ECB) has openly stated that exit from the euro zone is not an option. Well, Greeks are learning that this means the austerity forced down their throats is also not clearing out. So, it seems, it may not be long before the popular support for Papademos turns out to actually be a sort of marinade.

Greek blogOur founder Markos Kaminis earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Relative tickers: NYSE: NBG, NYSE: OTE, NYSE: CCH, NYSE: TK, NYSE: NM, NYSE: NNA, NYSE: NMM, NYSE: TNP, NYSE: OSG, NYSE: ISH, NYSE: EXM, NYSE: SB, NYSE: SEA, NYSE: GNK, NYSE: DSX, NYSE: DAC, NYSE: TNP, NYSE: SFL, NYSE: NAT, NYSE: SSW, NYSE: GMR, NYSE: DHT, NYSE: MPX, Nasdaq: DRYS, Nasdaq: TOPS, Nasdaq: EGLE, Nasdaq: SINO, Nasdaq: PRGN, NYSE: KSP, Nasdaq: ESEA, Nasdaq: SBLK, Nasdaq: ONAV, Nasdaq: VLCCF, Nasdaq: TBSI, Nasdaq: GLNG, Nasdaq: XSEAX, Nasdaq: ACLI, NYSE: DB, Nasdaq: ITUB, NYSE: STD, NYSE: WBK, NYSE: UBS, NYSE: LYG, NYSE: BCS, NYSE: CS, NYSE: AIB, NYSE: BLX, NYSE: BAC, NYSE: C, NYSE: GS, NYSE: JPM, NYSE: MS, NYSE: EEA, Nasdaq: VEURX, NYSE: PEF, NYSE: EKH, NYSE: GUR, NYSE: EPV, NYSE: VEA, NYSE: DFE, NYSE: DEB, NYSE: IEV, NYSE: RNE, Nasdaq: SERAX, Nasdaq: SERBX, Nasdaq: FEUFX, Nasdaq: FIEUX, Nasdaq: IERAX, Nasdaq: PBEUX, Nasdaq: UEPIX, Nasdaq: PEUGX, Nasdaq: RYAEX

A Political Sacrificial Lamb



Political jockeying ahead of a likely February election has Greece’s new Prime Minister, Lucas Papademos, being held out on a stick like a souvlaki cooking over the fires of Greek rioters, the IMF and Greece’s European brothers. Papandreou’s referendum concession was either a show of pure stupidity, unequivocal ethical heart or political genius. From the political perspective, Papandreou’s calling on the Greek people to decide whether to go forth with the European plan, and thus accept austerity and also ongoing euro zone membership, forced Greeks to take a second look at the situation and also at the PASOK Party. His stepping back has placed PASOK into a position that allows for potential reconciliation come election time.

New Democracy, not missing a beat and with its eye on February, has been publicly promoting an idea to ditch the digging austerity plan and to instead take a sort of American Republican approach to promote economic growth and trust in trickle-down economics; though the Greek version might look more like Chios mastic’s slow and painful ooze down a dry bark. The other, more radical parties are of course offering more radical solutions.

Needless to say, the political commotion has the troika terrified that tranches of capital dished out to Greece between now and February might end up wasted, sort of like how Zorbas spent his boss’ supply money on drink and women. So the IMF is refusing to dole out any more funds before a pledge is signed by the major political parties, if not all of them, to keep on the path outlined. That path, for Greeks, has been relayed as including the implementation of all already passed austerity measures, but the introduction of no new burden upon them.

So, it would seem Papademos is cooking like a souvlaki on a stick, and it would appear Greeks will have their kabob well done by February. The current popular support of him is thus near certain to turn to a lynching party, with the technocrat set to burn at the stake. Both New Democracy and PASOK are more than willing to step away now to allow the Greeks to pepper up Papademos, get their fill of him, and offer sweet dessert to them in February. But the sugar for that dessert must be acquired now from German and French patisseries.

The lesson long forgotten but to be learned anew is for governments across the globe. The lost wisdom is that the mismanagement of the people’s money results in uprising. The people will turn everything upside down and start all over again before they will bear the pain for the mistakes of faulty leadership.

Editor's Note: This article should interest investors in National Bank of Greece (NYSE: NBG), Hellenic Telecommunications (NYSE: OTE), Coca-Cola HBC (NYSE: CCH), Teekay Corp. (NYSE: TK), Navios Maritime Holdings (NYSE: NM), Navios Maritime Acquisition (NYSE: NNA), Navios Maritime Partners L.P. (NYSE: NMM), Tsakos Energy Navigation Ltd. (NYSE: TNP), Overseas Shipholding Group (NYSE: OSG), International Shipholding (NYSE: ISH), Excel Maritime Carriers (NYSE: EXM), Safe Bulkers (NYSE: SB), Claymore/Delta Global Shipping ETF (NYSE: SEA), Genco Shipping & Trading (NYSE: GNK), Diana Shipping (NYSE: DSX), Danaos (NYSE: DAC), Tsakos Energy Navigation (NYSE: TNP), Ship Finance Int'l (NYSE: SFL), Nordic American Tanker (NYSE: NAT), Seaspan (NYSE: SSW), General Maritime (NYSE: GMR), DHT Maritime (NYSE: DHT), Brunswick (NYSE: BC), Marine Products Corp. (NYSE: MPX), DryShips (Nasdaq: DRYS), Top Ships (Nasdaq: TOPS), Eagle Bulk Shipping (Nasdaq: EGLE), Sino-Global Shipping (Nasdaq: SINO), Paragon Shipping (Nasdaq: PRGN), K-SEA Transportation Partners (NYSE: KSP), Euroseas (Nasdaq: ESEA), Star Bulk Carriers (Nasdaq: SBLK), Omega Navigation (Nasdaq: ONAV), Knightsbridge Tankers Ltd. (Nasdaq: VLCCF), TBS Int'l (Nasdaq: TBSI), Golar LNG (Nasdaq: GLNG), Claymore/Delta Global Shipping (Nasdaq: XSEAX), American Commercial Lines (Nasdaq: ACLI), Deutsche Bank (NYSE: DB), ITA (Nasdaq: ITUB), Banco Santander (NYSE: STD), Westpac Banking (NYSE: WBK), UBS (NYSE: UBS), Lloyd’s Banking Group (NYSE: LYG), Barclay’s (NYSE: BCS), Credit Suisse (NYSE: CS), Allied Irish Banks (NYSE: AIB), Banco Latinamerican (NYSE: BLX), Bank of America (NYSE: BAC), Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), JP Morgan (NYSE: JPM), Morgan Stanley (NYSE: MS), European Equity Fund (NYSE: EEA), Vanguard European Stock Index (Nasdaq: VEURX), Powershares FTSE RAFI Europe (NYSE: PEF), Europe 2001 (NYSE: EKH), S&P Emerging Europe (NYSE: GUR), Ultrashort MSCI Europe (NYSE: EPV), Vanguard Europe Pacific (NYSE: VEA), Wisdomtree Europe SmallCap (NYSE: DFE), Wisdom Tree Europe Total Div (NYSE: DEB), iShares S&P Europe 350 (NYSE: IEV), Morgan Stanley Eastern Europe (NYSE: RNE), DWS Europe Equity A (Nasdaq: SERAX), DWS Europe Equity B (Nasdaq: SERBX), Fidelity Europe (Nasdaq: FEUFX), Fidelity Europe (Nasdaq: FIEUX), ICON Europe A (Nasdaq: IERAX), Pioneer Europe Fund (Nasdaq: PBEUX), ProFunds Europe 30 (Nasdaq: UEPIX), Putnam Europe A (Nasdaq: PEUGX), Rydex Europe 1.25x (Nasdaq: RYAEX).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Critical News 11-21-11

critical newsToday's most critical news follows via links to the most popular stories on the internet, published by the most reputable of organizations. The stories leading the wire include the apparently imminent failure of the Congressional "Super Committee" assigned to design a bipartisan budget, or else. Failure to do so will lead to a default budget being adopted, which includes some tough cuts to defense spending.

Critical News




Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Week Ahead: Something to be Thankful For?

Thanksgiving Day turkeyThe shortened holiday week includes a slew of economic data points, including Existing Home Sales, GDP, Personal Income and Outlays, Consumer Sentiment, Durable Goods Orders and Weekly Jobless Claims. Overseas, the IMF and European Union will want an answer from Greece’s political parties as to their will to push through with austerity into and after their elections in February. Of course, it also includes the Thanksgiving Day holiday for Americans and that tasty turkey we hope you will be enjoying with friends and family. We suggest that even in today's tough times, each of us still has something to be thankful for.

American writersOur founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Week Ahead: Something to be Thankful For?



Monday

Markets welcome in yet another new government, this time in Spain, where voters kicked out socialists, choosing instead to support change and the center-right People’s Party. Meanwhile, the IMF meets to review Greece and determine whether to disburse the sixth tranche of aid funds. This move has hinged on Greek political parties pledging to maintain austerity through Greece’s February elections.

American interests will be keying on the so-called supercommittee or congressional deficit reduction committee. The bipartisan group of planners is supposed to have drafted up legislation by the close of Monday, for vote Wednesday, or else mandated cuts will go into effect. While those cuts should help the U.S. avoid a devastating sovereign debt rating cut, some say heavy reductions to defense spending included in that default budget will put at risk the nation’s security.

The first economic report on the American slate this week is the 8:30 AM release of the Chicago Fed National Activity Index. This report covers the month of October. In September, the index improved, but only to -0.22, from -0.59 in August. This means that economic growth was less than the historical mean, and is not an indicator of economic contraction.

Existing Home Sales will be reported at 10:00 AM ET for the month of October. In September, the annual pace of existing home sales decreased 3.0% to a rate of 4.91 million. For the month of October, economists surveyed by Bloomberg see the annual pace slipping further to a rate of 4.8 million (range covers 4.69 million to 5.15 million).

Jefferson County, Alabama, is seeking bankruptcy court approval to take back its sewer system from a receiver.

Atlanta Federal Reserve Bank President Dennis Lockhart will offer his thoughts at a business school in Brazil.

Mexican markets are closed Monday. In the U.S., IPO lockup curbs expire for Active Network (Nasdaq: ACTV), Freescale Semiconductor (NYSE: FSL) and Spirit Airlines (Nasdaq: SAVE). Advanced Energy Industries (Nasdaq: AEIS) holds an analyst meeting. The EPS schedule highlights news from Hewlett-Packard (NYSE: HPQ), Analog Devices (NYSE: ADI), Tyson Foods (NYSE: TSN), Brown Shoe (NYSE: BWS), Brocade Communications (Nasdaq: BRCD), China Mass Media (NYSE: CMM), China Techfaith Wireless (Nasdaq: CNTF), Chinacache International (Nasdaq: CCIH), Chinaedu (Nasdaq: CEDU), CNinsure (Nasdaq: CISG), Collective Brands (NYSE: PSS), Dycom (NYSE: DY), Globus Maritime (Nasdaq: GLBS), Hastings Entertainment (Nasdaq: HAST), IGI Laboratories (AMEX: IG), Jack in the Box (Nasdaq: JACK), JinkoSolar (NYSE: JKS), Mobile Telesystems (NYSE: MBT), Perfect World (Nasdaq: PWRD), Phoenix New Media (Nasdaq: FENG), ShangPharma (NYSE: SHP), Tech Data (Nasdaq: TECD), THT Heat Transfer (Nasdaq: THTI), Trina Solar (NYSE: TSL) and Zale (NYSE: ZLC).

Tuesday

The second estimate and first revision to third quarter GDP is due at 8:30 AM ET. At first check, GDP growth was measured at 2.5% in Q3. Economists see the revision only trimming growth to 2.4%, though the individual forecasts range from 2.0% to 2.9%. GDP was up 1.3% in Q2.

The other big report Tuesday is the 2:00 PM ET release of the Federal Open Market Committee Meeting Minutes, which cover the Fed meeting of November 2.

There may be some interest in the weekly same-store sales results, though with it covering a period just ahead of the start of holiday shopping season, it would seem futile. In their latest reporting for the week ending November 12, the ICSC data showed only a 0.3% week-over-week sales increase. On a year-to-year basis, sales rose 3.1%. Redbook reported year-to-year sales up 3.3%.

The busy new Greek Prime Minister is scheduled to meet with the President of the Euro Group, Jean-Claude Juncker. The Euro Group is the political control arm of the euro currency.

Minneapolis Federal Reserve Bank President Narayana Kocherlakota discusses the last three years of Fed action at an event.

The Republican Presidential candidates will hold yet another debate Tuesday.

MF Global’s (NYSE: MF) post bankruptcy trustee requests New York bankruptcy court approval to speed the claims process. The court will also review the details regarding the $600 million in missing funds at MF Global. IPO lockup curbs expire on Solazyme (Nasdaq: SZYM). Jacobs Engineering (NYSE: JEC) has an analyst meeting scheduled.

The earnings schedule highlights news from Medtronic (NYSE: MDT), Campbell Soup (NYSE: CPB), Hormel Foods (NYSE: HRL), Canadian Solar (Nasdaq: CSIQ), Chicos FAS (NYSE: CHS), China Digital TV (NYSE: STV), Patterson Companies (Nasdaq: PDCO), Acorn Int’l (NYSE: ATV), American Woodmark (Nasdaq: AMWD), Astro Med (Nasdaq: ALOT), Books a Million (Nasdaq: BAMM), China Real Estate Info (Nasdaq: CRIC), China Xiniya Fashion (NYSE: XNY), Citi Trends (Nasdaq: CTRN), Cracker Barrel Old Country Store (Nasdaq: CBRL), Daktronics (Nasdaq: DAKT), dELi’s (Nasdaq: DLIA), Diana Containerships (Nasdaq: DCIX), DSW (NYSE: DSW), Eaton Vance (NYSE: EV), E-House (China) Holdings (NYSE: EJ), Fred’s (Nasdaq: FRED), Genesco (NYSE: GCO), Gymboree (Nasdaq: GYMB), Hanwha Solarone (Nasdaq: HSOL), JA Solar (Nasdaq: JASO), Le Gaga (Nasdaq: GAGA), LTX-Credence (Nasdaq: LTXC), Nuance Communications (Nasdaq: NUAN), Pandora Media (NYSE: P), QAD Inc. (Nasdaq: QADB), Raven Industries (Nasdaq: RAVN), School Specialty (Nasdaq: SCHS), Signet Jewelers (NYSE: SIG), Suntech Power (NYSE: STP), Symbion (Nasdaq: SMBI), TiVo (Nasdaq: TIVO), Tri-Valley (AMEX: TIV) and Valspar (NYSE: VAL).

Wednesday

With the holiday pending, Wednesday will be jam-packed with economic reports. Four reports are due in the premarket alone.

At 8:30 AM ET, the most likely report to move the market will be the Durable Goods Orders data for the month of October. The big-ticket nature of durables allows for great volatility in the data, and so we find the reason for our highlighting of it. In September, durable goods orders declined by 0.6% after revision. For October, the consensus of economists’ forecasts sees durable goods orders falling 1.0%. The range of views varies from -2.1% to +1.2%.

Personal Income and Outlays data is also due at 8:30 AM ET, this time for October. In September, Personal Income was measured 0.1% higher, while Personal Spending increased 0.6%. The Core PCE Price Index, or the Federal Reserve’s favored measure of inflation, was unchanged in September. For October, economists see personal income and spending rising 0.3%, based on Bloomberg’s survey. The Core PCE Price Index is seen increasing by 0.1%.

Weekly Initial Jobless Claims have decreased three weeks in a row, and so the market will curiously watch for another improvement. Last week’s report for the period ending November 12 had claims running 5,000 lower, at 388K. The four-week moving average was down 4,000, to 396,750. For the week ahead, economists see weekly jobless claims up slightly to 390K. Because this measurement is so regularly taken, there’s less likelihood for significant change, and so economists rarely venture far from the prior week result in their forecasting.

The final premarket release of the day will be the Mortgage Bankers Association reporting of its Weekly Applications Survey. The weekly measure of mortgage applications saw a 10% decrease in the period ending November 11. The advent of a bank holiday, Veteran’s Day, played into this drastic change no doubt. We’ve written in the past about the imperfect adjustments for holidays by economic data reporters, and this group in particular. Changes in activity will typically be less dramatic in periods that do not include significant interest rate changes.

At 9:45 AM ET, look for the Bloomberg Consumer Comfort Index. This weekly measure of consumer confidence has hovered near a historical bottom for weeks now. The index improved a bit last week, but only to minus 50.0, from minus 51.6.

At 9:55 AM ET, we’ll receive the Reuters/University of Michigan Consumer Sentiment Index. At last report in mid-November, the consumer confidence measure held at a mark of 64.2, which is about where this index stood at the close of October. Bloomberg’s survey of economists forecasts Consumer Sentiment will show an improvement Wednesday, to a level of 64.6.

Both energy reports are due from the Energy Information Administration (EIA) on Wednesday this week due to the holiday. The Natural Gas Report will be first, published at 10:30 AM ET. Last week’s report covering the period ending November 11 showed natural gas in storage increased 19 Bcf. It stood at a level 224 Bcf above the five-year average. The Petroleum Status Report, due at 11:00 AM ET, last week showed a 1.1 million barrel decrease in crude oil stocks. Oil storage levels were in the upper limit of the average range for this time of year. Total motor gasoline inventory increased by 1.0 million barrels, and were in the middle of the average range for this time of year.

Wednesday marks the deadline for Congress to pass deficit cutting measures, but the supercommittee should have identified its cuts by Monday.

Markets are closed in Japan Wednesday. In the U.S. equity markets, look for EPS news from Deere (NYSE: DE), Diana Shipping (NYSE: DSX), New Jersey Resources (NYSE: NJR), RenSola (OTC: RESLF.PK) and Yingli Green Energy (NYSE: YGE).

Thursday

All markets are closed in the U.S. It’s Thanksgiving, and believe it or not, we still have plenty to be thankful for here in America, though those things are increasingly noted as the basics which we may have forgotten on our individual quests to the top of capital hill. I hope those things include for you, family, friends, health and happiness.

Breaking with tradition, Wal-Mart (NYSE: WMT) will open its doors at 10:00 PM ET on Thanksgiving Day. Shame on you Wal-Mart for leading people to trade away family values for the shopping pits.

While they won’t be trading on it Thursday, lockup curbs expire on the IPO of Glencore International (OTC: GLNCY.PK).

Markets are not closed overseas, where a general strike is set for Portugal. Greek Prime Minister Papademos is slated to meet with European kingpins, Nicolas Sarkozy and Angela Merkel. I expect they will want to know if Greece’s political parties have agreed to pledge to see through austerity past the February elections in Greece.

Friday

For the life of me, I still cannot figure out why the markets open a day after the great American holiday. U.S. equity markets will open and then close at 1:00 PM, after a half day’s worth of likely light trading volume.

It is Black Friday, so retail stock stakeholders will be very interested in the performance of stores in the tight and competitive retail marketplace.

Overseas, all eyes will be on Italy and the cost of capital in its treasury bill and zero coupon bond offerings.

The EPS schedule has Natuzzi (NYSE: NTZ) only reporting in the U.S. at our latest check.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Friday, November 18, 2011

NYPD Police Brutality Against NYC Council Member at Occupy Wall Street

police brutality OWS Occupy Wall StreetSomething great happened on the way to Occupy Wall Street. He was a Hispanic citizen of New York City, and he wanted to see what was going on down there. He had received a call from a protestor, desperately pulling him to observe the brute force with which the city was “cleaning house.” His wife, who was counting on him to make his daughter’s college application interview, begged him, “Please, just don’t get arrested.” He reassured her that of course he would not get arrested. After all, who would arrest him?

advocacy for poorOur founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Article interests NYSE: DIS, NYSE: DWA, NYSE: CNK, NYSE: RGC, NYSE: RLD, NYSE: LGF, Nasdaq: RENT, Nasdaq: CKEC, Nasdaq: LSTZA, NYSE: MHP, NYSE: PSO, NYSE: JW-A, NYSE: JW-B, Nasdaq: SCHL, Nasdaq: CRRC, NYSE: NED, Nasdaq: PEDH, NYSE: BKS, Nasdaq: AMZN, Nasdaq: BAMM, NYSE: BGP, OTC: LYFE.OB, Nasdaq: NOOF, OTC: PUBM.OB, OTC: IFLM.OB, Nasdaq: PTSX, Nasdaq: SAPX, OTC: AFFW.OB, NYSE: TWX, Nasdaq: NWSA, Paris: VIV.PA, NYSE: NYT, NYSE: GCI, NYSE: AHC, NYSE: DJCO, NYSE: JRN, NYSE: LEE, NYSE: MEG, NYSE: SSP, NYSE: MNI, NYSE: WPO, Nasdaq: DEXO, NYSE: MSO, NYSE: MDP, Nasdaq: PRVT, NYSE: ENL, NYSE: RUK and NYSE: DN.

NYPD Police Brutality Against NYC Council Member at Occupy Wall Street (OWS)



He arrived and purposefully avoided the crowd to keep out of harm’s way, his wife’s words echoing in his mind. He walked across the street on Broadway, where he said there were no protesters. He approached police officers and told them who he was and asked to have closer access to the situation. They denied him initially, but he wanted to make sure they knew who he was, because that should matter. They would not even open their ears as they pushed him with brute force, using batons, and treating him like a common criminal. That’s when one officer acted on a sort of passion; he was apparently pretty psyched up for the day, his chance to bust some heads I suppose.

New York City Council Representative Ydanis RodriguezCity Council Representative Ydanis Rodriguez was forced to the ground, with his head repeatedly smashed against it. After giving him some of the business that little men with small voices take daily, the cocky cops arrested him too. They would have nothing to do with his pleas. With the same disrespect that they first faced him, they forced him into a police van and let him sit there bleeding for two hours. It was 13 hours before he was allowed to speak with an attorney, and 18 hours before his ordeal ended and we could learn about it. Here’s Representative Rodriguez’s personal account of the ordeal:

"They kept pushing," Rodriguez said. 'The force was so strong when they were pushing me. Then suddenly a police officer jumped from the middle of the street. He threw his body in front of me and started hitting my head on the street. ... I was assaulted by NY police officers." The police account of the confrontation was quite different than the respected representative’s view. The police complaint filed against him, which includes a count of resisting arrest, alleges: Rodriguez walked up to metal barriers on the southeast corner of Maiden Lane and Broadway and declared he was going to go through. When an officer told him he could not proceed, he said he would anyway, and made contact with a female police officer--knocking her of balance. Like any poor sucker from 125th street and up, who gets caught up at the wrong place at the wrong time knows, and as Rodriguez’s attorney stated, “the complaint is a product of fiction.”

Representative Rodriguez wasn’t alone that day, as countless others were arrested matter of factly like him and with disregard for American law and human rights. Also, the incident itself is not an isolated one to the day only. It happens daily in New York City and probably in other cities across the country as well. It is in fact a problem that I want to use this example to expose very clearly. I want you to remember it, because some day, this same injustice could happen to you when you are deemed by your protectors and maybe even legislators as a threat for simply voicing your opinion, which is your American right. Don’t you forget that!

And if it happens to you, and you are not a public figure, you will find it much more difficult to overcome than Representative Rodriguez. It will do more than just spoil your day. It can effectively ruin you, especially if you are poor and can’t afford good legal defense. You may have to accept a plea deal, admitting to doing something that is a complete lie just to more economically escape the ordeal. How would this record affect the rest of your life, one in which employers have a large pool to choose from that includes people without such an incident.

This is what many Americans face daily and it is a form of persecution, and it is unfair! A pool of mostly minorities is buried by this system, this free license the police have to lie and to arrest on a whim; it is an injustice they apply in the name of justice. You see, police officers are only men, as faulty as any other man, believe it or not.

In their defense, each morning they go to work knowing it could be their last day. Each “call” they make could bring upon them an assailant determined to take their life. And so they enter situations with that in mind. It affects them and how they work. However, they have also allowed an improper mentality to dictate how they approach every situation. There are instances, like the one we’re discussing today and even less intense situations, in which a certain evil overcomes them and they dictate what is right and what is wrong, and abuse their power.

This has to change, and it will only change when public figures stop defending the police, which they do with reckless abandon against human rights. In this case, the Deputy Mayor took to the defense of the police officers, even against the clear report of the distinguished representative. If he could dare to do so in this instance even, then what does a police officer have to fear. The system has his back, and he can do no wrong. He is the God of the street. Instead, the system of checks and balances needs to be enforced. It is a privilege to be a police officer, and there is a long line of unemployed people willing to take the job. We’re not doing anybody any favors by giving free reign to brutality.

In Greece, when a police officer shot an unarmed teenager at point blank range a few years ago, every teenager and almost everybody else stormed to the streets and set fire to them. They burned down police stations even, and they forced the government to review the police officers involved and the entire system. Is that what it’s going to take here? I think none of us wants that, but some sort of pressure must be applied to the government to ensure the proper and fair enforcement of power.

Thus, this great injustice served to a representative of the government is a sort of blessing. He has witnessed firsthand what happens to the little men of New York City daily. We hope that Representative Rodriguez, enriched with this wisdom, will help to restore order to the NYPD, because he is in a position (and it seems chosen) to make a difference for all of us.

Voice your opinion about Occupy Wall Street here.

We support:

Stop Police Brutality in NYC
Occupy Wall Street

Article interests The New York Times (NYSE: NYT), Gannett Co. (NYSE: GCI), A.H. Belo (NYSE: AHC), Daily Journal (NYSE: DJCO), Journal Communications (NYSE: JRN), Lee Enterprises (NYSE: LEE), Media General (NYSE: MEG), E.W. Scripps (NYSE: SSP), McClatchy Co. (NYSE: MNI), The Washington Post (NYSE: WPO), Dex One (Nasdaq: DEXO), Martha Stewart Living (NYSE: MSO), Meredith (NYSE: MDP), Private Media (Nasdaq: PRVT), Reed Elsevier (NYSE: ENL), Reed Elsevier Plc (NYSE: RUK), Dolan Co. (NYSE: DN), Disney (NYSE: DIS), DreamWorks Animation (NYSE: DWA), Cinemark Holdings (NYSE: CNK), Regal Entertainment (NYSE: RGC), RealD (NYSE: RLD), Lions Gate Entertainment (NYSE: LGF), Rentrak (Nasdaq: RENT), Carmike Cinemas (Nasdaq: CKEC), LYFE Communications (OTC: LYFE.OB), New Frontier Media (Nasdaq: NOOF), Public Media Works (OTC: PUBM.OB), Independent Film Development (OTC: IFLM.OB), Point 360 (Nasdaq: PTSX), Seven Arts Pictures (Nasdaq: SAPX), Affinity Medianetworks (OTC: AFFW.OB), Time Warner (NYSE: TWX), News Corp. (Nasdaq: NWSA), Vivendi (Paris: VIV.PA), Liberty Starz Group (Nasdaq: LSTZA), McGraw-Hill (NYSE: MHP), Pearson Plc (NYSE: PSO), John Wiley & Sons (NYSE: JW-A, NYSE: JW-B), Scholastic (Nasdaq: SCHL), Courier (Nasdaq: CRRC), Noah Education (NYSE: NED), Peoples Educational Holdings (Nasdaq: PEDH), Barnes & Noble (NYSE: BKS), Amazon.com (Nasdaq: AMZN) and Books-A-Million (Nasdaq: BAMM).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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