Monday, October 17, 2011

Occupy Wall Street: How long can it last?

(CNN) -- One month in, it shows no sign of losing steam.

Occupy Wall Street hit the 31-day mark Monday and has now gone global, tapping into a growing sense of worldwide economic anxiety. But can a largely leaderless, vaguely defined movement stand the test of time? How long can the protests continue?

Nobody knows for sure. But it's already reached a largely unexpected scale, according to observers.

"It's gone further than I would have guessed," said Michael Heaney, a University of Michigan political scientist who specializes in social movements and organization in U.S. politics. "It's amazing that it's lasted as long as it has. ... What we're seeing has no precedent."

Over the weekend, 19 more people were arrested in Washington, D.C., by Supreme Court police, while over 90 were taken into police custody in New York.

Multiple arrests were reported in Chicago, and about 150 people camped out by city hall in Minneapolis.

Freed American hikers encourage protesters

Overseas, protesters hit the streets in London, Paris, Rome and other European capitals. Marches were also held in Asia, South America and Australia.

While the protesters highlighted a number of causes, the overarching theme remained the same: populist anger over an out-of-touch corporate, financial and political elite.

Three key elements, according to Heaney, are now fueling the movement: continued economic discontent, growing media coverage, and a need to push back against harsh law enforcement tactics initially used against protesters.

"What's happened is that those three factors have enabled the movement to achieve critical mass, which has enabled the diffusion of this protest tactic," he told CNN.

Also worth noting: the role of the internet and social media in bringing would-be demonstrators together.

We're seeing the creation of "a much more decentralized, less expensive model (of social protest) that enables you to mobilize a much bigger group of people more quickly," he said.

At the start, Heaney said, many of the protesters were self-identified anarchists who had taken part in recent demonstrations held during high-profile meetings of the G-20, International Monetary Fund, and other international global economic institutions.

A number of the same people have also been protesting the U.S.-led wars in Iraq and Afghanistan, he noted.

People "have been trying to get this going for years," he said.

One question in the United States is whether Occupy Wall Street will eventually become a liberal counterweight to the conservative populism of the tea party movement. Heaney sees some similarity in terms of the sense of fear and anger driving both sides.

If the tea party was a conservative response to President Barack Obama's economic bailout plan in the spring of 2009, Occupy Wall Street came about partly due to liberals' reaction to the outcome of this summer's acrimonious debt-ceiling debate, Heaney argues. Obama and other top Democrats ultimately agreed to over $2 trillion in spending cuts without any tax hikes on Wall Street financiers or others considered responsible for the economic crisis.

Progressives "watched in horror" during the debt-ceiling debate, he said. "Obama showed that he wasn't able to deal" effectively with the right wing.

As a result, there's now an "acute sense of threat" on the political left that has encouraged certain people to take to the streets.

Until now, however, the tea party and Occupy Wall Street have differed sharply in terms of their emphasis on organization, with tea party activists far more willing to use traditional political strategies such as lobbying and fielding candidates for political office. Anarchist elements of the original Occupy Wall Street movement have neither the experience nor the inclination to do that, Heaney said.

Now, however, the movement has spread to labor unions and other organizations with more political experience and interest in building lasting political institutions. It is unclear to what extent -- if any -- those elements will ultimately co-opt the movement.

Economic angst is also fueling the protests overseas, though marchers in other countries have their set of specific grievances. Western Europe in particular is wrestling with the ramifications of a growing push for fiscal austerity, along with its own lingering anarchist movement.

The Europeans and others are "copying a protest," Heaney argued.

While the broader movement's future is hazy, it can already claim one key success: raising the salience of issues of economic inequality.

Liberal and conservative politicians are likely to start paying "a lot more attention to these issues than they otherwise would have," Heaney said.

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Liberia's human-powered wooden trains

Bong Mines, Liberia (CNN) -- Sitting beside the aging railway tracks running deeper into the forest of Liberia, we waited outside the frail wooden hut that was used as a makeshift railway station.

Thunder rumbled ominously in the distance but there was no timetable so we had to sit and wait.

After a few hours, the railway tracks began to vibrate with the sound of an on-coming train and the small band of passengers stood and looked down the tracks expectantly.

Coming into sight, rolling slowly down the tracks, was the Liberian Express, or what is called locally -- "Make-A-Rail." It is a small wooden frame, running on ball-bearings and pushed by both the 'Make-A-Rail" operators and passengers down the tracks to get to its destination.

We climbed aboard.

Two operators and a passenger, holding tightly to the wooden frame of what looks more like a cart, ran alongside and pushed the train. The tracks were visible through the floor and as we passed through the occasional village people would wave. On the slight declines, the "Make-A-Rail" would gain it's own momentum and the young men pushing would jump onboard and enjoy the ride.

"A lot of people, especially those with heavy commodities like charcoal, use these to take them to the market," explained one passenger, Fahnlon Gbakoyah. "It's cheap to transport and it's faster."

The journey from the end of the railway line to Liberia's capital Monrovia can take up to 36hours by "Make-A-Rail" --only a 3hour journey by road - but it costs half the price. However, more importantly, the railway line passes through villages that have little access by road.

"This helps our people in the village," said another passenger, John Walker. "If they get sick, we can put them in and quickly take them to hospital."

"Make-A-Rail" started in the 1990's during Liberia's 14-year civil war that left the country's infrastructure in ruins.

But it's hard work.

"You get tired, so you have to rest for five minutes and then you get more power and can push again hard," said Eric Pearson, one of the operators. "But it's tiring and makes my muscles sore."

But the train cannot roll faster than the storm clouds that gather overhead and another of "Make-A-Rail's" disadvantages quickly becomes apparent as we quickly get soaked in the rain.

We get off at the next station to find cover but the young men continue to push the train down the tracks -- a long journey ahead and plenty of obstacles, but they're determined to make it anyway they can.

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Kelsey Grammer: Ex-wife Camille wanted to marry 'Frasier'

(CNN) -- When Piers Morgan asked Kelsey Grammer whether he thought his ex-wife, Camille, married him because he was a TV icon, the actor said, "no, I think she married me because I was Frasier."

The veteran actor is a guest on Monday's "Piers Morgan Tonight."

Grammer also told the CNN host that his "parting gift" to his third wife was her role in the reality series "The Real Housewives of Beverly Hills."

"Whether or not it worked well for her doesn't matter," Grammer said. "It was my way of saying, 'Look, you always wanted to be famous. Here you go.' "

Grammer told Morgan that while reality shows are not particularly a great way to become famous, "you still get attention; you still get all those things that come along for the ride, which I think is what she was most interested in."

After three tumultuous marriages in as many decades, the actor says he has at last found happiness and true love with his fourth wife, Kayte, whom he met on a flight from Los Angeles to London. She was a flight attendant for Virgin Atlantic, and Grammer described spotting her at LAX.

"There was a warmth, a glow about her that I was drawn to. And I thought, 'Boy, I hope she's on my flight.' "

The pair arranged to meet up for a first date on Christmas in London.

"It was magnificent," Grammer said. "There were lights everywhere."

When Morgan asked Grammer the secret to his long career in television -- particularly the long-running "Frasier" role -- the actor called it "a characteristic that can help you survive in television, which is a kind of affability and vulnerability. You allow yourself to be human."

When Morgan pointed out that the "odd thing" about Grammer is that so few American television stars openly admit to being Republican, Grammer said, "I'm a bit of a rebel. I don't tend to warm to well to people that tell me how I'm supposed to think. So, my life in Hollywood -- I'm afraid I was destined to be a Republican."

Grammer added that his Hollywood friends "tolerate me somehow, because I can at least state myself eloquently."

"The tone of political assessment has changed," continued Grammer. "And honestly, the battle for the hearts and minds of the American people has taken on a bit more of a violent and narrow approach."

When Morgan asked Grammer whether he is sympathetic to the tea party, the actor answered, "I'm sympathetic to some of the principles, but I'm not sure that the tea party has behavioral problems, other than the ones that can be identified by people who are inimical to them."

The actor pointed out that, like the tea party, he believes "smaller government's a good idea. Always have. I think lower taxes are a good idea. Always have."

Grammer does, however, fully support gay marriage, which many tea partiers oppose.

"I guess I'm more libertarian in that way," Grammer said. "I think marriage is up to two people that love each other, and if you find a church that you want to get married in, you go right ahead." Grammer added that he doesn't believe the government should be involved in marriage.

Morgan asked Grammer, despite his conservative leanings, what he thinks of President Obama.

"I think Barack Obama's election is a milestone for this country and a wonderful thing," Grammer said. "The 'hope' thing, I don't think hope can be given by a politician or by a vote. I think that comes from God."

Grammer also pointed out that "hope itself is not a policy. It never has been. There's no policy in hope. We can all hope. We can hope for free."

When Morgan asked Grammer why he thinks America is "tanking economically," the actor answered, "I would say greed. Greed that is at a profound level."

Grammer also stated that there isn't one Republican candidate that he's gravitating toward just yet, telling the CNN host that Republican contenders "must inspire people to assume that they have a right to make their own decisions about what dreams they wish to dream. And dream as big as they possibly can."

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GE's Immelt empathizes with Occupy Wall Street

NEW YORK (CNNMoney) -- General Electric's CEO Jeff Immelt said Monday he empathizes with the grievances of the Occupy Wall Street protesters.

"Unemployment is 9.1% and underemployment is much higher than that, particularly among young people that don't have a college degree," he said. "It is natural to assume people are angry, and so I think we have to be empathetic and understand that people are not feeling great."

Speaking at a ThomsonReuters event in New York, Immelt went on to discuss the gap between CEO pay and average wages, one of the main sources of discontent among the Occupy Wall Street activists.

"I think the discrepancy is certainly one of the problems today in terms of why people feel the system is unfair," he said. "So let's be honest about that. It is part of the problem."

That said, Immelt was also quick to point out that high CEO pay is not the cause of America's job crisis or weak economic growth.

"If CEO pay goes way down and unemployment is 12%, people are still going to feel bad," he said.

According to an AFL-CIO report earlier this year, CEO pay was 343 times that of a typical American worker last year. Immelt himself received a pay package of about $15.2 million in 2010.

Meanwhile, 14 million Americans remained unemployed, a problem Immelt is tasked with solving as the head of President Obama's Jobs Council.

Last week, that council presented a 5-point proposal to the president, pushing for investments in infrastructure and energy, efforts to attract more foreign investment, simpler regulations, better education and more help for small businesses.

On Monday, Immelt also stressed the importance of increasing U.S. exports as a key driver of economic growth and job creation.

Obama is trying to double the nation's exports by 2015, a goal that seems to be on track. But Immelt believes the country needs to be even more aggressive, modeling its strategy after Germany, where exports account for more than a third of the country's output.

In comparison, exports only account for about 13% of the U.S. economy.

"They play hard, they play to win, and they play for exports," he said. "I think we can compete and we can compete very well, but we're not all the way in, the way the Germans are in."

He said GE is focusing on Russia as a key area for growth, as well as other emerging markets including energy-rich nations in Africa.

Immelt also said he believes the United States can compete head-on with China, the world's largest exporter, not only globally but within China as well.

"Now's our time. There are 25 airports under construction in China today. There's none under construction in the U.S." he said. "They're going to buy more airplanes. We can win all of that activity if we want to."

GE was highly criticized this year for not having to pay any U.S. income taxes in 2010. Immelt said Monday that GE's tax rate will be above 30% this year, and he expressed his support for tax reform that eliminates corporate loopholes. To top of page

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Mother: I was drunk when Missouri infant disappeared

(CNN) -- The mother of Lisa Irwin, an 11-month old Missouri girl missing for nearly two weeks, said in an interview she was drunk the night the infant disappeared.

Deborah Bradley made the admission during an NBC interview, portions of which were aired Monday on "Today."

She also said she last saw Lisa at 6:40 p.m. October 3, when she put the girl to bed, not at 10:30 p.m., as initially believed.

Lisa was reported missing at 4 a.m. October 4, after Lisa's father, Jeremy Irwin, came home from work to find the door unlocked, lights on and a window that had been tampered with at the family's Kansas City home.

Bradley told NBC she is afraid she will be arrested. Police have accused her of killing Lisa, she said, and told her that she failed a lie detector test, with deception indicated when she was asked where Lisa was.

"I was the last one with her," a tearful Bradley said in the interview. "And from judging on how the questioning went, that's kind of a fear that I have. And the main fear with that is, if they arrest me, people are going to stop looking for her. And then I'll never see her again, and I'll never know what happened."

Asked how much she had been drinking that night, Bradley said, "enough to be drunk."

But she rejected the notion that she could have harmed her daughter while under the influence of alcohol.

"No, no, no," she told NBC. "And if I thought there was a chance, I'd say it. No. No. I don't think alcohol changes a person enough to do something like that."

She said it's "terrible" that police may be focusing on her. "My daughter is missing," she said. "The last thing that I want to have to worry about is something like that. I shouldn't have to put any energy, any time or effort, into anything but finding her."

Asked whether he had questions about Bradley, Irwin told NBC, "No. There's no question to be had there. I know who she is. I know the kind of mother she is."

He said it's possible someone could have entered the house without Bradley hearing, as the couple's bedroom is on the opposite corner of the house from Lisa's room and Bradley sleeps with a fan at high speed.

Police have said three cell phones were also missing from the home along with Lisa.

On Sunday, Missouri Gov. Jay Nixon ordered the one-day deployment of 25 National Guardsmen to help search for Lisa.

Two anonymous benefactors have offered a $100,000 reward for Lisa's safe return, according to Bill Stanton, a private investigator working with the family.

Irwin and Bradley told NBC they have refused to let authorities re-interview Lisa's older brothers.

"They said they heard noises (the night Lisa disappeared)," Bradley said. "I don't know if that was before we went to sleep or after." She said she has not talked to her sons about it because she is reluctant to put them through "anything else."

Asked what she would say to someone who might be holding Lisa, Bradley told NBC, "She needs her family, and we need her. We're losing more sanity as each day progresses."

Lisa is described as being 30 inches tall with blue eyes and blond hair, according to police. She weighs between 26 and 30 pounds and was last seen wearing purple shorts and a purple shirt with white kittens on it.

The missing girl has two bottom teeth and a "beauty mark" on her right outer thigh, police said. At the time of her disappearance, she had a cold with a cough.

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Air travel with kids: Surviving security

(CNN) -- We were running late for a flight from London's Heathrow Airport when it happened. The security official held up his hand, and shouted for his colleague. A lengthy line of travelers offered sympathetic glances. They knew what this meant.

It was time for a pat-down.

But it was not for me; it was for my 4-year-old daughter.

It was her first. Though young, she is an experienced air traveler. She took her first transatlantic flight when she was 6 weeks old. And she knows the rules: When she arrives at airport security, she kisses her stuffed bunny goodbye, and tells him she will see him on the other side of the X-ray machine.

Bunny had to wait a bit longer than usual for their reunion on this occasion. My daughter was selected for a pat-down because, according to the security officer, she had touched the side of the metal detector.

Had I watched her go through, I might have warned her to keep her hands at her sides. But I was busy sampling my infant son's jar of pureed spaghetti and tomato sauce, washed back with a sip of baby milk, under orders from a security officer.

"The same rules apply for everybody at the airport," says a spokesperson for BAA Airports, which operates London's Heathrow. "Some people are selected fairly randomly for an extra search."

Search protocols vary between international airports. Certain guidelines, such as restrictions on liquids, tend to be universal, but security rules differ on a country-by-country basis.

For traveling parents, that can mean the difference between having to taste the breast milk they want to bring on a flight vs. merely holding the liquid under a test strip.

But even with a surprise taste test, staying calm is key. Getting anxious will only make the process more stressful, says travel expert Pauline Frommer, series editor for the Frommer's guides.

"Kids are very sensitive and they pick up that vibe," she says. "What parents need to realize is, it's not going to be as bad as they think."

Even with a pat-down, the airport security process will probably only take about 15 minutes out of a trip. And young travelers can be resilient, often more resilient than their parents.

To my surprise, my daughter submitted happily to her pat-down. She saw it as an adventure, especially when she realized that her parents were standing by during the procedure (per airport protocol).

And many of the world's busiest airports are taking steps to make security more family friendly. In the United States, the Transportation Security Administration is in the process of making pat-downs less likely for children. Passengers who are younger than 12 will be allowed to pass through the metal detector more than once rather than getting patted down immediately after triggering the alarm.

"These modified procedures offer options to greatly reduce -- but not eliminate -- a pat-down for children 12 and under," says TSA spokesman Greg Soule. Under the new guidelines, the younger travelers also will be able to keep wearing their shoes instead of sending them through the X-ray machine.

Officials at London's Heathrow recently met with a group of mom bloggers, in response to online criticism of the airport's restrictions on traveling with breast milk.

"This prompted us to think about ways we could improve the experience of people traveling with babies ..." a BAA spokesperson wrote in an e-mail, "... and we thought that getting the views of a selection of mummy bloggers would be a good way of doing this."

No matter the airport families are passing through, these expert tips should help streamline the security process:

Review restrictions: If a passenger plans to bring breast milk, formula or other baby-related liquids for the flight, check the online guidelines of the TSA, or the international airport operator. "Be aware of the rules and it will go much more smoothly," says Frommer.

Arrive early: Make sure to leave plenty of time at the airport to allow for security surprises, or other unexpected delays. "There is nothing worse than trying to run to catch an airplane," says Lauren Goldenberg, owner of the Family Traveler agency, especially with toddlers in tow. "You just never know when those lines will get long," she says.

Pick the right lane: Many airports offer security lines earmarked for travelers with young children, who will need extra assistance. "They really help cut down on the time standing in line," says Anne Taylor Hartzell, Editor of HipTravelMama.com, "... and separate you from business travelers who may be less patient with you struggling to close your baby stroller."

Preview the process: "The best thing is to prepare the children for what's going to happen," says Goldenberg. Warning your young traveling companions in advance that their toys will take a trip through an X-ray machine could avoid an unpleasant surprise.

Free your hands: "A baby carrier saves a lot of time," says Hartzell. Traveling families often have strollers, car seats and other bulky items. Trying to get the gear through the X-ray machine while shepherding young children through the metal detector, can be a challenge. Putting a baby in a carrier attached to a parent leaves hands free for luggage -- and for keeping toddlers from running amok.

Share the load: Families with two adults can divide and conquer. One can supervise the children while the other folds the stroller and gets the bags through the X-ray machine. Parents who are flying alone can ask their airline about getting a gate pass for a friend or family member who can help. And children can carry their own weight, if they have a small bag. "I find it's great even at a young age if children have their own," says Goldenberg.

Keep calm: "Don't your let your anxieties translate to your children," advises Frommer. "That's when the meltdowns happen." If you lose your cool, your children probably will, too.

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Stocks: Investors on edge over Europe, earnings

Click the chart for more premarket data.

NEW YORK (CNNMoney) -- U.S. stocks headed for a flat open Monday as jitters over Europe's debt crisis persist and investors await latest earnings from Citigroup and Wells Fargo.

The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures edged lower ahead of the opening bell. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.

Meeting in Paris over the weekend, finance ministers from the world's largest economies pledged to take "all necessary actions" to stabilize global financial markets and ensure that banks are well capitalized. (G-20 finance chiefs back Europe bank rescue)

Officials promised to have a comprehensive plan to secure the banking system and resolve Europe's sovereign debt problems in place by next Sunday, when the European Council meets in Brussels.

The announcement initially sent European stocks higher early Monday, but as traders geared up for the opening bell in New York, European indexes and U.S. stock futures turned lower.

"There's a bit of uncertainty and that uncertainty is creating volatility," said Anthony Conroy, head trader at BNY ConvergEx Group.

He added, many traders are skeptical that Europe can put a comprehensive debt plan in place by next weekend. "They've been working on it for two years, and to set a deadline for one week is a bit aggressive," he said.

While key hurdles remain for the eurozone, investors have been clinging to any positive economic data they can get lately. Last week, they temporarily shrugged off eurozone jitters and a drop in profit at JPMorgan Chase.

The Dow and Nasdaq rallied Friday, after a government report showed a jump in retail sales. That moved both indexes into positive territory for the year. The S&P came close.

But with looming uncertainty over Europe's debt crisis and several large U.S. banks expected to report paltry earnings this week, some investors wonder whether last week's rally will be sustainable.

Economy: The Empire State Manufacturing survey is due before the start of trading. The regional reading on manufacturing is forecast to have improved slightly to negative 4 in October from negative 8.8 in September, according to consensus estimates from Briefing.com.

A separate report is expected to show that industrial production edged up 0.2% in September, after rising the same amount in the previous month.

Companies: Shares of Hasbro (HAS) fell 2.2%, after the toymaker's profit fell short of estimates.

Quarterly earnings are also on tap from Citigroup (C, Fortune 500) and Wells Fargo (WFC, Fortune 500) before the opening bell. IBM (IBM, Fortune 500) will report its earnings after the market close.

Pipeline operator Kinder Morgan (KMI, Fortune 500) announced Sunday that it is acquiring rival El Paso (EPB) for $38 billion in cash, stock and assumed debt.

The acquisition is the second-largest M&A deal announced this year, just behind the $39 billion AT&T (T, Fortune 500) purchase of T-Mobile. (Merger Sunday: Kinder Morgan buying El Paso)

Oil producer BP (BP) announced Monday that it reached an agreement with Anadarko Petroleum (ADC) to settle all claims between the companies related to the Deepwater Horizon accident. (Anadarko to pay BP $4 billion)

As part of the settlement, Anadarko will pay BP $4 billion in a single cash payment and both parties have agreed to mutual releases of claims against each other. BP shares were up 3.4% and Anadarko shares were up 3.9% in premarket trading.

World markets: European stocks were mixed in afternoon trading. Britain's FTSE 100 (UKX) rose 0.2%, the DAX (DAX) in Germany lost 0.4% and France's CAC 40 (CAC40) fell 0.2%.

Asian markets finished with gains. The Shanghai Composite (SHCOMP) added 0.4%, the Hang Seng (HSI) in Hong Kong surged 2% and Japan's Nikkei (N225) ended 1.5% higher.

Currencies and commodities: The dollar rose against the euro, the Japanese yen and the British pound.

Oil for November delivery gained 5 cents to $86.85 a barrel.

Gold futures for December delivery added 80 cents to $1,683.80 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 2.22% from 2.23% late Friday. To top of page

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