Financial News 9/17/12 – Occupy Wall Street is back, Middle East Protests, Apple iPhone 5
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17. Sep, 2012
Right outside our doors here on Wall Street in New York City this morning, the Occupy Wall Street Movement, has gathered with new strength to mark its one-year anniversary. Police are lined up inside and outside of subway stations and are also lining the length of the financial districts Broadway avenue. Hundreds of protesters, have gathered, in hope to surround the New York Stock Exchange, in protest of economic injustice. “The war on terror starts on Wall street” read one sign. So far the protest looks peaceful and under control, supported by lots of media coverage. Some critics say, that after Occupy Wall Street’s initial rise, the movement will not achieve the same hype as before. What do you think? Are you part of the protest? Post your comments! Tell us what you want!
And speaking of protests. Following the violent anti-America protests in the Middle East over the amateur video clip, that makes fun of the Prophet Muhammad, Google has now rejected a request by the White House, to take the culprit Youtube video down. Google said it was censoring the video in India and Indonesia after blocking it on Wednesday in Egypt and Libya, and was further restricting the clip to comply with local law rather than as a response to political pressure. Well if you can’t shut down the movie, then why not shut down the movie maker right? Apparently U.S. authorities are now investigating whether the film’s producer, Nakoula Basseley Nakoula, a 55-year old Egyptian Coptic Christian living in Southern California, had violated terms of his prison release. Basseley was convicted in 2010 for bank fraud and released from prison on probation last June.
Demand for Apple’s iPhone 5, has exceeded initial supply, making it the fastest-selling iPhone ever. Delivery dates for some pre-orders are already being pushed to next month. Apple said that pre-orders for the new mobile device surpassed 2 million in the first 24 hours. AT&T, the No. 2 U.S. mobile service provider, said it set a sales record with the iPhone 5 over the weekend, making it the fastest-selling iPhone the company has ever offered. Apple is definitely doing well and so is its stock price, currently trading at 696 dollars per share.