Thursday, 26 March 2015
Last updated 1 hour ago
Oct 11 2011 | 2:47pm ET
John Paulson has some unwelcome visitors at his Upper East Side home.
The protestors who have crowded New York's financial district for weeks made their way north today on a tour of the homes of some of the city's billionaires, including the Paulson & Co. founder. The NYC Billionaires Walking Tour, sponsored by Occupy Wall Street, began at 12:30 with plans to visit the city homes of JPMorgan Chase CEO Jamie Dimon and News Corp. CEO Rupert Murdoch.
"Wanna 'see how the 1% lives'?" the organization's Facebook invitation reads. "Then join us on a walking tour of the homes of some of the bank and corporate executives that don't pay taxes, cut jobs, engaged in mortgage fraud, tanked our economy… all while giving themselves record-setting bonuses!"
As they walked through the streets of the Upper East Side, the protectors chanted, "We are the 99%" and "Banks got bailed out, we got sold out."
The march was sparked by the impending lapse of New York state's 2% millionaire tax. About 450 people took part.
The march coincided with an endorsement, of sorts, from hedge fund manager James Chanos for the OWS protests.
"New York is so finance-centric that people here underappreciate the reaction of the rest of the country," the Kynikos Associates chief told Bloomberg News, warning that it would be a mistake to underestimate OWS.
"People are angry, they feel the game is rigged, that they didn't get a fair shake."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…