Massive protest expected on Wall Street today

Traders work on the floor of the New York Stock Exchange before the House Majority Leader Eric Cantor rang the opening bell on May 10, 2011 in New York City.

Today at 4 p.m., a coalition of more than three dozen labor and community groups plan to “make Wall Street stand still.”

The group expects 10,000 protestors to line the streets of downtown
Manhattan, in opposition to tax breaks that they say are given to the
wealthy instead of helping the city’s budget woes.

Mayor
Michael Bloomberg is looking to remedy a $400 million budget deficit by laying off 6,000 teachers, closing
firehouses and making other cuts starting July 1.

Participants
of the "On May 12" rally will meet at 4 p.m. at eight assembly spots,
and then march
to Wall and Water streets, before ending in Battery Park after 5:30 p.m.


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