Ford CEO Alan Mulally says he is confident his company can survive the recession but is "very concerned" about the future of GM and Chrysler. He added that he had been unprepared to offer details when he testified before Congress but says he is now armed with a recovery plan.-- WSJ
Remember Occupy Wall Street? After being evicted from its Zuccotti Park global headquarters in Lower Manhattan last year the group seemed to loose a bit of steam but has vowed a resurgence, starting with a May 1 "spring offensive." Protests have been planned in 115 cities where "the financial elite play and plan," including the midtown offices of JPMorgan and Bank of America. Worried your place of business or home might be the target of some uninvited guests and/or a surly gigantic check? Then you might want to get in touch with your fellow prey and start strategizing. Planning for May 1 in New York began in January in a fourth-floor workspace at 16 Beaver St., about two blocks from Wall Street, according to Holmes. The date serves as an international labor day, commemorating a deadly 1886 clash between police and workers in Chicago’s Haymarket Square. The midtown demonstrations will take place from 8 a.m. to 2 p.m., followed by a march from Bryant Park to Union Square and a 4 p.m. rally there, according to an online schedule. Protesters, including labor unions and community groups, have a permit to march from Union Square to lower Manhattan, according to police. Goldman Sachs Group’s headquarters is among financial- district picketing options, Holmes said. Brian McNary, director of global risk at Pinkerton Consulting & Investigations, a subsidiary of Sweden’s Securitas AB works with international financial firms to “identify, map and track” protesters across social media and at their assemblies, he said. The companies gather data “carefully and methodically” to prevent business disruptions. Banks are preparing for Occupy demonstrations at the North Atlantic Treaty Organization’s Chicago summit on May 20 and 21 by sharing information from video surveillance, robots and officers in buildings, giving “a real-time, 360-degree” view, said McNary, who works on the project. Banks cooperating on surveillance are like elk fending off wolves in Yellowstone National Park, he said. While other animals try in vain to sprint away alone, elk survive attacks by forming a ring together, he said. As for what to do in the interim, pre-attack by wolf pack, lock it up. You're not doing anything. You're not teaming up with other elks, you haven't even heard about the demonstrations. What is Occupy Wall Street? Sayeth Mcnary, “When you portray a position ofweakness, it invites attack. [Banks] don’t want to provide the perception that they’re hunkering down behind their bulwarks and putting up big walls.” Wall Street Tracks ‘Wolves’ as May 1 Protests Loom [Bloomberg]