Earthquake Weather


  1. The People’s Bailout

    howtosharpenpencils:

    This is a long post but it’s about something pretty interesting so I hope you’ll indulge …

    Like many folks, Occupy Wall Street has been some doing good work in the aftermath of Hurricane Sandy, helping people on the ground.

    Now OWS is launching the ROLLING JUBILEE, a program that has been in development for months. OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If you’re a debt broker, once you own someone’s debt you can do whatever you want with it — traditionally, you hound debtors to their grave trying to collect. We’re playing a different game. A MORE AWESOME GAME.)

    This is a simple, powerful way to help folks in need — to free them from heavy debt loads so they can focus on being productive, happy and healthy. As you can see from our test run, the return on investment approaches 30:1. That’s a crazy bargain!

    Now, after many consultations with attorneys, the IRS, and our moles in the debt-brokerage world, we are ready to take the Rolling Jubilee program LIVE and NATIONWIDE, buying debt in communities that have been struggling during the recession.

    We’re kicking things off with a show called THE PEOPLE’S BAILOUT at Le Poisson Rouge on Thursday, November 15. It will also stream online, like a good ol’-fashioned telethon!


    Friends, the line-up is insane. Performers include:

    - JEFF MANGUM (Neutral Milk Hotel)

    - JANEANE GAROFALO

    - GUY PICCIOTTO (Fugazi)

    - LIZZ WINSTEAD

    - HARI KONDABOLU

    - TUNDE ADEBIMPE and KYP MALONE (TV on the Radio)

    - members of DAS RACIST

    and other great talents including a group of radical nuns! I’ll be playing the role of JERRY LEWIS, emceeing in my tuxedo from MEN’S WEARHOUSE.

    This will be a joyful, positive night about people banding together and subverting a predatory financial system in order to help each other. BOOM! That’s a movie pitch right there, goddamn why am I not a Hollywood mogul?!

    Anyway, HERE IS THE INFORMATION about THE PEOPLE’S BAILOUT:

    - The LIVE SHOW is at Le Poisson Rouge on THURSDAY 11/15, 8 - 11 PM. Tickets are $25 (each ticket buys $500 of distressed debt).

    - The LIVE STREAM will be at http://rollingjubilee.org (you’ll be able to donate online)

    - Here’s the FACEBOOK PAGE

    - The HASHTAG is #peoplesbailout

    HOW YOU CAN HELP:

    - Spread the word! Share this info with your friends, family, and followers
    - Donate money via http://rollingjubilee.org

    $25 abolishes an estimated $500 worth of debt
    $50 abolishes an estimated $1000 worth of debt
    $100 abolishes an estimated $2000 worth of debt
    $250 abolishes an estimated $5000 worth of debt

    - Host a live-stream party! Get together with folks in your town and watch the show online and donate money and maybe even drink a beer if you’re feeling crazy.

    - If you are Jerry Seinfeld or Bill Cosby: Call me about doing a set at the live show! We’ll fit you in.

    Okay, that was a really long tumblr post. I feel very vulnerable right now. Thanks for reading.

    Bye!
    —David Rees

    I’m Doublejack and I support this message.

    (via wilwheaton)