-New campaign started against Barclays
-Remember Gaza Smash EDO mass demo
-Council Petition
-Fundraiser at Hector's House
see
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Smash EDO will be launching the new campaign against Barclays with a picket at their Brighton branch on North Street on Saturday 28th at 11am. We are calling on groups around the country to take action on the same day. Why not organise your own local demonstration, email details to
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Barclays Banks are the New York Stock Exchange (NYSE) market maker for ITT Corporation. ITT Corporation own EDO MBM/ITT in Brighton.
There has been a five year long campaign of direct action against EDO MBM/ITT aimed at persuading them to stop producing weapons components in Brighton. EDO's components are used by the US and UK in Iraq and Afghanistan and Israel in Palestine.
As ITT’s market maker, Barclays acts as a ‘middle man’, purchasing shares from a seller and holding them until such a time as a buyer becomes available. This ensures the stability of ITT’s share price by allowing shareholders to sell off their assets at any time, even when a a buyer is not immediately available, and vice versa. Barclays also profits from this enterprise by selling ITT’s shares at a small markup, which nevertheless generates a considerable income when spread across large sales.
For more information on 'market makers' click here.
Smash EDO are calling for autonomous actions against Barclays Bank to force them to stop providing 'market maker' services for ITT Corporation on the NYSE. By performing marker services for ITT Barclays Bank are profiting from EDO's complicity in civilian deaths in Palestine, Afghanistan and Iraq. Barclays are the largest UK investor in the global arms trade. Bankers and institutional investors are the glue that finances the state terror wreaked by the arms trade. Companies like EDO do not operate in a vacuum but are propped up by the networks of corporations and investors which constitute the global capitalist system which puts profit before peace, greed before people.
You can report your actions (securely) at www.indymedia.org.uk
REMEMBER GAZA SMASH EDO MASS DEMO JANUARY 18TH. Assemble at 1pm, Brighton, wear black. For regular updates, location, accomodation etc see
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Our next mass demo will take place on January the 18th. If you are able to be a local contact for your area, arrange transport or meeting points for your area, help with publicity etc please get in touch by e-mailing
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Cornwall:
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Hastings -
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Greater Manchester -
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Bath -
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Swansea -
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Also, if you are planning to come to the demo, do consider arriving with an affinity group if possible.
SMASH EDO FUNDRAISER, SUNDAY DECEMBER 6TH, Hector's House, 52-54 Grand Parade, Brighton, 7pm-1am. Donations on the door.
Please help us raise some money through having a great evening out with the Meow Meows, Chukin and Baba Slips.
And, finally, a reminder: There is an ongoing petition demanding that Brighton and Hove council table a petition to condemn the activities of EDO MBM/ITT in Brighton. If you have not already done so, please add your signature (especially if you are a Brighton and Hove citizen) and circulate the petition widely. It can be found on
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Comments
Hide the following 14 comments
the market maker link should be...
22.11.2009 22:33
Smasher
market maker link
22.11.2009 22:57
emma goldman
hectors house
23.11.2009 00:34
squirrelllo
Why target Barclays instead of the arms factory itself?
23.11.2009 11:03
Destroy EDO
Why target Barclays?
23.11.2009 12:31
smashy
Targeting shareholders etc is effective
23.11.2009 13:36
Kia
Kia
23.11.2009 15:08
It's no good arguing about if the government had or hadn't intervened, the fact is the government is willing to prop up businesses with tax payers money. They did it for HBOS, they did it for HLS, and they'd do it for EDO should the need arise.
It's common sense to realise that the government will not allow vital businesses to collapse, they will intervene should the need arise. The days of targeted companies collapsing due to banking issues are over, they're old tactics which do not work.
Missing the point
answer this then, clever clogs...
23.11.2009 15:41
Or, if we organised a 'take your money out of Barclays' day, highlighting their role in funding vivisection, arms traders and dodgy African regimes (not withstanding its support for the dodgy british regime, either!). Then they would literally collapse.........
that'd be bliss.....nat west next! (one can dream, cant one?)
those that think actions cant shut companies down or affect share price are mislead. Why are Novartis fighting against us so hard if our tactics are not working? Why have various farms and other animal-industry companies closed or gone out of business if violence against property or actions against shareholders do not work?
EDO directors have left in droves since the campaign started...One left right after the last major action, after the MD said publicly that EDO dont have anything to do with bombing people and war. Maybe the director left as a result of the blatant hypocrisy of his colleagues statement?
Believe me, if we really took Barclays as a main target from now on, it'd be a matter of say, less than a year or two, until they were suffering on the share market and also with public opinion. Never underestimate what will or wont piss off the 'average' Barclays customer....all those pet lovers out there might be surprised to know that Barclays HAVE WITHDRAWN support for various companies DUE TO ACTIONS against shareholders, etc.
Now that targeting them is due to helping arms trading, might touch the hearts and minds of all their peace-loving customers, too. With anything that hurts profits, we can win.
Target Barclays 28th November 2009, in a town or city near you..........TARGET THEM! Hit the share price, hit the share holders in the pocket and we can create a victory!! HIT THEM! Target Them!
Bakunin
But
23.11.2009 15:50
Kia
Which is bigger: the pharmaceutical industry or the arms trade?
23.11.2009 17:39
I know the arms trade is pretty big, but does anyone know how it compares to the pharmaceutical industry?
And how much influence it has over politicians? I known they like to distance themselves slightly from the killing business, but I'm sure behind the scenes things are very cosy.
If the govt bail out companies for political reasons then logically the next step would be targeting the corrupt politicians who do this. Expect to get massive state repression if you start doing this though...
anon
The government are closely connected to the arms trade
23.11.2009 18:32
Kia
bring it on . . . .
23.11.2009 21:48
stanley
Make it Right!
23.11.2009 21:51
smash the arms trade - free palestine and free James
Jenny
Make it Right!
23.11.2009 21:57
Jenny