Update, 715pm ET: I've been following live reports on Twitter from various sources, and the situation in Times Square sounds intense. By various estimates, 15-20,000 demonstrators have occupied the Square. NYPD are out in full force, including the Counter-Terrorism unit (photo below).
At least a dozen (maybe more) officers on horseback, and buses and paddywagons ready for mass arrests. Multiple sources on the scene describe police tactics aimed at, more or less, "kettling" people into a defined zone, surrounding them with nets, officers on horseback, and police with batons.
Here's a video uploaded a while ago that shows protesters near the "Toys-R-Us" at Times Square. And here's another, that gives a sense of the crowd density a couple hours ago. And here is another, showing mounted officers entering the area filled with demonstrators.
And below, via AntDeRosa at Reuters (a good one to follow today):
Occupy Wall Street protesters shout slogans against banks and economic system while they take part in a protest at Times Square in New York October 15, 2011 REUTERS/Eduardo Munoz
There are various reports floating around on Twitter now that NYPD has been "authorized to use tear gas" against protesters. Some on the scene are tweeting that NYPD is ordering crowds: "Leave now and you won't get hurt."
The situation sounds volatile, and like a very large number of people (including families with children, and disabled persons who have limited mobility) are packed into an ever-shrinking space. Read the rest