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Occupy Wall Street In NYC On Pace To Run Out Of Money By End Of Month [View all]
First Posted: 03/ 9/2012 4:22 pm Updated: 03/ 9/2012 5:49 pm
By Michelle Nichols
NEW YORK, March 9 (Reuters) - The Occupy Wall Street group in New York is running low on money and on pace to run out by the end of the month, raising questions about the future of the movement that sparked a wave of nationwide protests against economic injustice six months ago.
Donations to the group, which raised about $500,000 within weeks of setting up camp in a park near Wall Street on Sept. 17, have slowed and with plans for an American Spring of protests it has set aside a remaining $90,000 into a fund established to bail arrested protesters out of jail.
A report by Occupy Wall Street's accounting group for the week ending March 2 showed it had $44,828 in a general fund in addition to the bail fund and warned that "at our current rate of expenditure, we will be out of money in THREE WEEKS."
The report - posted on the group's website http:// www.nycga.net - showed $1,556 had been raised that week, while $14,942 had been spent on the group's kitchen, street medics, New York City bus and subway passes, and printing costs.
More: http://www.huffingtonpost.com/2012/03/09/occupy-wall-street-money_n_1335745.html
By Michelle Nichols
NEW YORK, March 9 (Reuters) - The Occupy Wall Street group in New York is running low on money and on pace to run out by the end of the month, raising questions about the future of the movement that sparked a wave of nationwide protests against economic injustice six months ago.
Donations to the group, which raised about $500,000 within weeks of setting up camp in a park near Wall Street on Sept. 17, have slowed and with plans for an American Spring of protests it has set aside a remaining $90,000 into a fund established to bail arrested protesters out of jail.
A report by Occupy Wall Street's accounting group for the week ending March 2 showed it had $44,828 in a general fund in addition to the bail fund and warned that "at our current rate of expenditure, we will be out of money in THREE WEEKS."
The report - posted on the group's website http:// www.nycga.net - showed $1,556 had been raised that week, while $14,942 had been spent on the group's kitchen, street medics, New York City bus and subway passes, and printing costs.
More: http://www.huffingtonpost.com/2012/03/09/occupy-wall-street-money_n_1335745.html
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