Josh Harkinson

Josh Harkinson

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Born in Texas and based in San Francisco, Josh covers tech, labor, drug policy, and the environment. PGP public key.

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Why New Yorkers Heart #OccupyWallStreet

| Sat Oct. 8, 2011 3:01 PM EDT

In the New York Metro section of yesterday's New York Times, Cara Buckley portrays the Wall Street occupiers as an unruly band of outsiders who've come to terrorize the locals. They rudely befoul restaurant bathrooms without buying anything. They crowd moms and baby strollers off the sidewalks. They flash their tits in broad daylight. The image that comes to mind is that of the bridge-and-tunnel crowd gone wild, or college tourists on spring break at the Jersey Shore. 

Even if there's some truth to this, I can confidently say that Buckley and many other reporters are missing something: Occupy Wall Street was bound to happen at some point even if the Manhattan police sealed off every one of the island's bridges and tunnels. The same vast economic disparities that have outraged so many middle class Americans are only magnified here. A little-known fact about Manhattan, otherwise known as New York County, is that it has the highest level of income inequality of any urban county in the nation. The only US county with a wider gap between rich and poor is Willacy County in South Texas, a ranching community packed with unemployed farm workers where one wealthy individual owns a third of the land.

Without a doubt, many people who live near the New York Stock Exchange feel under siege. It's less clear whether most other Manhattanites give a damn. Consider this: the average price (PDF) of a Financial District studio apartment in Manhattan is more than $2,200 a month (and that excludes apartments with doormen, which cost more). According to a 2006 story in the Gotham Gazette, the district that includes the Financial District and Greenwich Village had the highest median rent of any part of Manhattan. While I couldn't find more recent stats on the area's median housing cost last night, it's pretty safe to assume that most New Yorkers who are hurting from the recession don't live there.

Why does this matter? Certainly, trashing bathrooms or intimidating stroller moms is never OK. (As for nudity, well, I'm from San Francisco).  Given the social and economic divisions in New York, though, it's amazing that those are the worst things that have happened.

Going forward, the mainstream media could do a better job reporting how New Yorkers feel about Occupy Wall Street. And Occupiers from out of town would do well to consider how to bring in more locals, who could help give the movement staying power. It's one of the many things I hope to explore when I set up Mother Jones' outpost in Zuccotti Park later today.

 

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Why New Yorkers Heart #OccupyWallStreet

| Sat Oct. 8, 2011 6:00 AM EDT

In the New York Metro section of Friday's New York Times, Cara Buckley portrays the Wall Street occupiers as an unruly band of outsiders who've come to terrorize the locals. They rudely befoul restaurant bathrooms without buying anything. They crowd moms and baby strollers off the sidewalks. They flash their tits in broad daylight. The image that comes to mind is that of the bridge-and-tunnel crowd gone wild, or college tourists on spring break at the Jersey Shore. 

Even if there's some truth to this, I can confidently say that Buckley and many other reporters are missing something: Occupy Wall Street was bound to happen at some point even if the Manhattan police sealed off every one of the island's bridges and tunnels. The same vast economic disparities that have outraged so many middle class Americans are only magnified here. A little-known fact about Manhattan, otherwise known as New York County, is that it has the highest level of income inequality of any urban county in the nation. The only US county with a wider gap between rich and poor is Willacy County in South Texas, a ranching community packed with unemployed farm workers where one wealthy individual owns a third of the land.

Of course, New Yorkers make much more money on average than people in South Texas, thanks in part to the trickle down from Wall Street. That's one reason many observers at first wrote off Occupy Wall Street as a flash in the pan. But as it stretches into its fourth week, it has struck a chord with many people in the city. Many New Yorkers are working harder for the same pay, and Wall Street's über-wealthy have driven up prices, pushing the merely upper middle class into smaller apartments and farther-flung neighborhoods. 

In the Financial District, the average studio apartment rents for (PDF) more than $2,200 a month (and that excludes apartments with doormen, which cost more). According to a 2006 story in the Gotham Gazette, the district that includes the Financial District and Greenwich Village had the highest median rent of any part of Manhattan. While I couldn't find more recent stats on the area's median housing cost last night, it's safe to assume that most New Yorkers who are hurting from the recession don't live there.

Clearly, many people who make their homes near the New York Stock Exchange feel under siege. What's less clear is how much people in the rest of the city feel sorry for them. While trashing bathrooms or intimidating stroller moms is never OK, those things seem positively tame compared to what New York has inflicted upon itself in class struggles of yore.

Going forward, the mainstream media could do a better job reporting how New Yorkers feel about Occupy Wall Street. And Occupiers from out of town would do well to consider how to bring in more locals, who could help give the movement staying power. It's one of the many things I hope to explore when I set up Mother Jones' outpost in Zuccotti Park later today.

 

Hunkered Down Inside #OccupyWallStreet

| Fri Oct. 7, 2011 3:38 PM EDT
A protester keeps the jam going in Zuccotti Park.

A topless model the Tea Party should see, grandmas who dig rap music, and Ron Paul supporters everywhere: As of Saturday, MoJo's Josh Harkinson is camping out in Zuccotti Park, and we're collecting his dispatches and other #OWS must reads below, using Storify. Read on for much more.

Also, don't miss the rest of MoJo's coverage: Meet the activists who created "We Are the 99 Percent"; check out the former Obama blogger who scorned the protesters until he joined them; explore our interactive map of protest hot spots nationwide; and more.


Boehner Against Job-Saving China Currency Bill—WTF?

| Wed Oct. 5, 2011 7:05 PM EDT

For years, China has artificially deflated the value of its currency by some 40 percent, a huge export subsidy that cripples American manufacturers. "Chinese currency manipulation is the single biggest reason why so many Americans are still jobless," says Peter Morici, a University of Maryland business professor and former chief economist with the US International Trade Commission. Eliminating the practice, economists estimate, would boost American exports by $125 billion a year and create 900,000 US jobs. "The Chinese have figured out that this advantages them even though it's unfair," Morici says. "And they are not going to change it until we take action."

Congress seems to agree. A bipartisan majority in the Senate has agreed to vote as early as today on the Currency Exchange Rate Oversight Act of 2011, a bill that would require the Treasury Department to do more to address foreign currency manipulation. Similar legislation in the House, the Currency Reform for Fair Trade Act, has an unprecedented 225 cosponsors, including 61 Republicans. But despite bipartisan will to tackle the problem, House Speaker John Boehner has shown no sign that he'll let the bill come up for a vote. "I think it's pretty dangerous for us to move legislation in the United States Congress forcing someone to deal with the value of their currency," Boehner said on Tuesday. "This is well beyond what I think Congress ought to be doing."

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