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Saturday, October 29, 2011

Occupy Wall Street group Reveals their Accounts



New York,Oct,29: Occupy Wall Street demonstration in New York City who has acuird good amount of space in media has released its first financial report it reveals that the protesters have raised more than $454,000 and have spent above $50,000 in the movement's first five weeks.

The detailed financial report, has released by the media on weekends, protestors are providing reporters daily updates reflecting more than $500,000 has been donated, however this is the first fiscal report of the Occupy Wall Street movement and part of its steps to provide greater transparency.

The loosely assembled group's spreadsheet reflects most of the expenditure is for food, laundry, medical supplies, clothing,  and treatment, Internet services, cameras and telephone and computer expenses are also included into that. Park expenses including sanitation have cost more than $1,100, as per the report.

"These statements will be released regularly, and open meetings will be held by members of the general assembly to speak with finance," the report states. "We're small potatoes financially, but we're going to make public all of what we do. This effort isn't about money. We've received very little, even as we grow enormously around the world."

The report comprises:

Receiving’s are broken down by $333,199 from consolidated public donations and $121,237 from park donations.

Comfort expenditures’ ammounted $20,407,as  largest expense. That was spent on clothing, laundry and sleeping material costs.

Communications expenses counted as $18,985, which includes "computer, supplies, telephone, video ,WiFi hotspots, live stream cameras,  and audio expenses, associated with Media Working Group, LiveStream, and related."

The Occupy Wall Street movement started on Sept. 17 with a small group of activists and has spread to include several thousand people at times, from many walks of life, inspiring similar demonstrations across the country. The protesters' demands are amorphous, but they are united in blaming Wall Street and corporate interests for the economic pain they say all but the wealthiest Americans have endured since the financial meltdown.

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