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New Yorkers Back Occupy Wall Street Protesters, Poll Shows

Occupy Wall Street, the protest that has spread from Lower Manhattan to as far as Rome and Hong Kong, is supported by most New Yorkers, according to a Quinnipiac University survey.

Sixty-seven percent of New York City voters said they agree with the protesters’ views, while 23 percent don’t, the school’s Polling Institute said today. Support ranged from 81 percent among registered Democrats to 58 percent among independents and 35 percent from Republicans. By 72 percent to 24 percent, voters said law-abiding demonstrators can stay as long as they want.

The protests that began on Sept. 17 have inspired thousands to take to the streets in 100 U.S. cities and on four continents worldwide, according to organizers. Participants say they represent “the 99 percent,” a reference to Nobel Prize-winning economist Joseph Stiglitz’s study showing the richest 1 percent of Americans control 40 percent of U.S. wealth.

“Critics complain that no one can figure out what the protesters are protesting,” said Maurice Carroll, director of the Hamden, Connecticut-based institute. “But seven out of 10 New Yorkers say they understand and most agree with the anti- Wall Street views of the protesters.”

Quinnipiac surveyed 1,068 registered voters by telephone Oct. 12-16. The results had a margin of error of plus or minus 3 percentage points.

Protecting Speech

Mayor Michael Bloomberg has said he supports the protesters’ free-speech rights as long as they don’t violate the law. He said he’ll defer to the owner of Zuccotti Park, Brookfield Office Properties Inc., to determine how long the demonstrators can stay. Brookfield’s park rules forbid camping, lying on benches, and using tarps and tents.

A confrontation between demonstrators and New York City police was avoided last week after Brookfield postponed a cleanup of the park, at the intersection of Broadway and Liberty Street near the site of the World Trade Center.

“I’m 100 percent in favor of protecting -- 1,000 percent in favor -- of giving people rights to say things, but also we have to protect those who don’t want to say anything,” Bloomberg said today at a press briefing in Queens.

“There are places where I think it’s appropriate to express yourself and then there are other places that are appropriate to set up a tent city, and they don’t necessarily have to be one and the same,” he said. “The Constitution doesn’t protect tents, it protects speech and assembly.”

Millionaire Tax

In a separate poll, almost three-quarters of New York state voters said they favor higher taxes on residents with at least $1 million in annual income, according to a Siena College Research Institute survey released today. A higher levy was backed by 83 percent of Democrats and 55 percent of Republicans.

An existing tax adds a temporary surcharge on New York’s married couples earning more than $300,000, and singles earning more than $200,000. It’s set to expire Dec. 31. Governor Andrew Cuomo, a Democrat, and Senate Republicans, who hold a majority, made clear they wouldn’t renew it.

The telephone survey of 800 registered voters by Loudonville, New York-based Siena, conducted Oct. 10-12, had a margin of error of plus or minus 3.5 percentage points.

New York’s mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

To contact the reporter on this story: Esmé E. Deprez in New York at edeprez@bloomberg.net

To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net

Enlarge image Occupy Wall Street Protest Backed by New Yorkers 3-1

Occupy Wall Street Protest Backed by New Yorkers 3-1

Occupy Wall Street Protest Backed by New Yorkers 3-1

Emmanuel Dunand/AFP/Getty Images

Occupy Wall Street participants chant slogans on their way to stage a demonstration on Times Square in New York, October 15, 2011.

Occupy Wall Street participants chant slogans on their way to stage a demonstration on Times Square in New York, October 15, 2011. Photographer: Emmanuel Dunand/AFP/Getty Images

Oct. 17 (Bloomberg) -- Al Hunt, executive editor at Bloomberg News, talks about President Barack Obama's speech in North Carolina today in which he called on Congress to pass elements of his $447 billion jobs proposal. Hunt, speaking on Bloomberg Television's "InBusiness with Margaret Brennan," also discusses the Occupy Wall Street protests. (Source: Bloomberg)

Enlarge image Occupy Wall Street Protest Backed by New Yorkers

Occupy Wall Street Protest Backed by New Yorkers

Occupy Wall Street Protest Backed by New Yorkers

Jin Lee/Bloomberg

Occupy Wall Street demonstrators gather at Grand Army Plaza before marching on the Upper East Side on Oct. 11.

Occupy Wall Street demonstrators gather at Grand Army Plaza before marching on the Upper East Side on Oct. 11. Photographer: Jin Lee/Bloomberg

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Personal Finance Best Sellers From Amazon

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Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.00% 3.94%
30 Year Fixed 3.73% 3.50%
15 Year Fixed 2.85% 2.74%
10 Year Fixed 2.92% 3.00%
30 Year Fixed Refi 3.72% 3.49%
15 Year Fixed Refi 2.85% 2.71%
5/1 ARM 2.60% 2.62%
5/1 ARM Refi 2.61% 2.57%
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Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.35% 5.24%
$50K HELOC 4.56% 4.53%
$75K HELOC 4.57% 4.53%
$100K HELOC 4.27% 4.21%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.99%
$100K Home Equity Loan 5.80% 5.84%
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Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.21%
2 Year CD 0.70% 0.66%
1 Year CD 0.57% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.70%
MMA Savings Jumbo 0.58% 0.60%
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Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.97% 3.19%
48 Months Used Car 2.92% 3.13%
36 Months Used Car 2.88% 2.96%
72 Months New Car 2.45% 2.96%
60 Months New Car 2.53% 2.67%
48 Months New Car 2.44% 2.58%
60 Months Auto Refi 4.15% 4.36%
36 Months Auto Refi 3.60% 3.76%
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Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.57%
Platinum Fixed 12.70% 12.70%
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Source: Bankrate.com