Today's Top Stories

Oakland Local Covers Occupy Oakland

Oakland Local, a hyperlocal news site produced by professional journalists, has gotten a huge burst of recognition following its coverage of the Occupy Oakland protests. Executive editor Susan Mernit says she realized the site's importance when she saw its stories being referenced, tweeted, linked to, and discussed by people in the community -- all at a time, ironically, that coincides with the Bay Area News Group’s massive layoffs and consolidations among local newspapers.

Unions, Occupy Wall Street to protest outside Treasury for ‘Robin Hood’ tax

Pivoting off the Occupy Wall Street movement, unions are planning coordinated protests today for a financial transactions tax. Organizers estimate more than 1,500 union members from more than 20 labor groups, including the AFL-CIO, AFSCME and CWA, will be outside the Treasury Department to call for what has become known as the “Robin Hood Tax.” Occupy Wall Street protesters also are being bused in from New York by National Nurses United.

Occupy rally shuts down shipping port indefinitely

Occupy Wall Street protesters declared victory after thousands of demonstrators shut down one of the nation's busiest shipping ports late Wednesday, escalating a movement whose tactics had largely been limited to marches, rallies and tent encampments since it began in September. The nearly 5-hour protest at the Port of Oakland, the nation's fifth-busiest shipping port, was intended to highlight a daylong "general strike" in the city, which prompted solidarity rallies in New York, Los Angeles and other cities across the nation.

If a paywall is your only strategy, then you are doomed

The NYT paywall is what I’ve called a “sandbag strategy,” in that its main goal is to shore up print circulation so that the paper can continue to benefit from higher-value print ads, even as that market declines. Is the New York Times better off having a paywall than it would be otherwise? Possibly. But because it is by definition a stop-gap strategy, newspapers that are relying solely on a paywall to save their bacon are likely doomed.

Labor Finds a Young Soulmate

A better way to think about the role of unions in the Occupy Wall Street movement is to ask what OWS can offer the labor movement. Occupy Wall Street could inspire what remains of organized labor in this country to move away from just pushing specific employers for modest wage gains and start organizing working-class people in order to shape not just industry standards, but a new economic order, as its frustrated radical factions have dreamt about.

America Occupies Wall Street Because Wall Street Occupies America

During the prairie revolt that swept the Great Plains a century after the Constitution was ratified, the populist orator Mary Elizabeth Lease exclaimed: "Wall Street owns the country...Our laws are the output of a system which clothes rascals in robes and honesty in rags. The [political] parties lie to us and the political speakers mislead us...Money rules." That was 1890. Those agrarian populists boiled over with anger that corporations, banks, and government were ganging up to deprive every day people of their livelihood. She should see us now.

Phone hacking: anatomy of a cover-up – what QC's advice papers reveal

Analysis: Publication of warning to NI bosses tells the story of how secret payoff evolved

Michael Silverleaf QC's view of the News of the World's phone-hacking scandal was so damning that a huge secret pay-off to a litigant followed in order to keep it covered up. "To have this paraded at a public trial would, I imagine, be extremely damaging to [NI's] public reputation," Silverleaf presciently wrote in June 2008. Moreover, the tabloid's by now well-known iniquities pose a continuing threat to James Murdoch, the likely successor to his father Rupert's empire.

Murdoch writes off $91m for shutting News of the World in hacking scandal

Closing the News of the World cost Rupert Murdoch's News Corp $91 million, the company has announced. News Corp also incurred $130 million in "other" charges over the quarter, which included the cost of dropping its bid to acquire 100% of satellite broadcaster British Sky Broadcasting. As a result, while total revenue for the first quarter was $7.96 billion, 7% higher than a year ago, net income was down by nearly 5%.