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Posts tagged Occupy Wall Street

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The More Americans That Go On Food Stamps The More Money JP Morgan Makes

gravewisdom:

JP Morgan is the largest processor of food stamp benefits in the United States.  JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia.  JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes.  Yes, you read that correctly.  When the number of Americans on food stamps goes up, JP Morgan makes more money.  In the video posted below, JP Morgan executive Christopher Paton admits that this is “a very important business to JP Morgan” and that it is doing very well.  Considering the fact that the number of Americans on food stamps has exploded from 26 million in 2007 to 43 million today, one can only imagine how much JP Morgan’s profits in this area have soared.  But doesn’t this give JP Morgan an incentive to keep the number of Americans enrolled in the food stamp program as high as possible?

In all fairness, this is pretty ridiculous. The last sentence tries to point you to a conclusion which simply has no basis in fact. Yes, JPMorgan Chase contracts with state and federal governments to process food stamps (just like they contract with AT&T to process monthly cell phone bills), but they have no INCENTIVE to keep people on food stamps. The more patients a hospital treats and charges, the more it profits, but one could not say that hospitals have an incentive to keep the number of ill/injured/sick Americans as high as possible. It simply doesn’t work that way, and while they may be a corporate giant, this type of criticism is totally unfair and uncalled for.

(via entropyforever)

Filed under ridiculous JPMorgan JPMorgan Chase JPMC Occupy Wall St Occupy Wall Street OccupyWallSt OccupyWallStreet OWS economy food stamps government seriously stupid

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In Harry Potter and the Prisoner of Azkaban, students of magic battle a boggart, a creature that manifests itself as your worst nightmare. With a flick of their wand and the word ‘Riddikulus,’ students disarm the boggart by turning it into a joke, thus rendering it powerless and nonthreatening. This is exactly what Steven Greenstreet, creator of the Hot Chicks of Occupy Wall Street tumblr is doing: By turning activist women into non-threatening ‘hot chicks,’ he not only makes a mockery of their political struggle but also attempts to strip them of power.

In the same way that ‘ethnic’ women are exoticized and fetishized, politically active ‘alternative’ women are apparently the new hot thing. On Hot Chicks of Occupy Wall Street, you will find high-quality images of women with tattoos, nose studs, headscarves, asymmetrical haircuts and racial diversity. I asked Greenstreet if these women gave their consent to be photographed or for their images to be put online via Twitter, but received no response.
[…]
The simplest way to turn a powerful, activist woman into a nonthreatening woman is to sexualize her. When Greenstreet ventured to #OccupyWallStreet and found hundreds of assertive women demanding for economic equality, he ignored their message and neutralized their threat by essentially responding, ‘Oh yeah, talk protest to me baby.’ This has the same effect as infantilization, another common way to diminish a woman: ‘Oh look, she’s protesting. Isn’t that cute?’

Hot Chicks, Cold Sexists and Occupy Wall Street (via octagon-surgeon)

(via entropyforever)

Filed under feminist sexist sexism feminism Occupy Wall St OWS Occupy Wall Street OccupyWallStreet OccupyWallSt women girls truth Harry Potter Prisoner of Azkaban J.K. Rowling PoA Harry Potter and the Prisoner of Azkaban