A bank run on Silicon Valley Bank (SVB) in mid-March led to its collapse. It’s the second-largest bank failure in US banking history behind the collapse of Washington Mutual during the 2008 “great recession.” As panic from the collapse of SVB rolled through the system, the federal government closed Signature Bank in New York, resulting in the third-largest bank failure in US history.
Category Archives: Issues & Struggles
PUBLIC MEETING – Solidarity with UPS Workers: Prepare to Strike for a Strong Contract!
Join us for a public meeting with UPS Teamsters and union activists to discuss how we can best support UPS workers in the contract fight!Featuring Speakers Nick Wurst and Ronan Foley. Nick Wurst is a freight train conductor, member of ISG and SMART-TD. He is also a member of the International Steering Committee of RailroadContinue reading “PUBLIC MEETING – Solidarity with UPS Workers: Prepare to Strike for a Strong Contract!”
NYC Public Sector Workers Fight Attacks on Pay and Healthcare
Rank & File Union Members Organizing Photo: Packed NYC Labor Notes session about the Public Sector Rank and File (PSRF) initiative. by Daniel Neuman NYCUnited Federation of Teachers (UFT) (personal capacity) The current period is a tumultuous time for New York City (NYC) municipal workers as old contracts expire and new contracts are negotiated. TheContinue reading “NYC Public Sector Workers Fight Attacks on Pay and Healthcare”
Biden Approves Willow Pipeline: Democrats Won’t End Climate Change
On March 13th, the Biden Administration announced that they had approved “Project Willow.” Despite pledging to not approve any new oil pipeline projects during the 2020 election, Biden has clearly given in to his true constituency, the fossil fuel industry and other sections of the capitalist class who will be made even richer by thisContinue reading “Biden Approves Willow Pipeline: Democrats Won’t End Climate Change”
Meet a Socialist – March 2023
by Angus McFarlandMaine Some years ago, my father died, and a few years after that, my son was born. As a carpenter, I couldn’t afford to take much time off for either event, so I worked, using methods taught to me by my father to support the life of my little son. His birth madeContinue reading “Meet a Socialist – March 2023”
IWD 2023: Working Class Women and Developing a Program and Strategy to Overcome Oppression
Republished from the Committee for a Workers International (socialistworld.net) Women around the world will be marking International Women’s Day in a variety of ways. Protest demonstrations can be expected in many countries against the oppression that women face, not least in Iran, where anti-government movements have continued for months. For socialists, International Women’s Day (IWD) hasContinue reading “IWD 2023: Working Class Women and Developing a Program and Strategy to Overcome Oppression”
Seattle City Councillor Kshama Sawant Not Seeking Reelection
by the Executive CommitteeIndependent Socialist Group On January 19th, 2023, Seattle City Council member Kshama Sawant announced she will not seek reelection in 2024. She was one of the few socialists elected as an independent in the United States. Sawant’s initial inspiring electoral victory, inconsistent approach to political independence in office, and now resignation withoutContinue reading “Seattle City Councillor Kshama Sawant Not Seeking Reelection”
Justice for Tyre Nichols
Rebuild a Mass Anti-Racist Movement! by Ashley RogersWorcester, MA Police have killed over three thousand people in the U.S. since May 25th, 2020 when Minneapolis police officer Derek Chauvin murdered George Floyd. Floyd’s death sparked one of the largest protest movements in U.S. history with over fifteen million people taking to the streets. Yet almostContinue reading “Justice for Tyre Nichols”
The Forever Crisis of Capitalism
by B.W. SculosEdinburg, TXRio Grande Valley United Faculty, TFA, NEA member (personal capacity) Higher credit card and mortgage interest rates, rising cost of food and many other necessities at grocery stores, soaring energy prices, shortages of life-sustaining medications. These are the daily economic experiences of people across the United States and around the world. HoweverContinue reading “The Forever Crisis of Capitalism”
Solidarity with UPS Workers: Prepare to Strike for a Strong Contract!
by Evren Pallares Ó’Laoghaire & Nicholas WurstWorcester, MATeamsters Local 170 (personal capacity) / SMART-TD Local 1473 (personal capacity) The Independent Socialist Group stands in solidarity with the 350,000 workers represented by the International Brotherhood of Teamsters (IBT) in the opening stages of a contract battle with United Parcel Services (UPS). UPS is one of theContinue reading “Solidarity with UPS Workers: Prepare to Strike for a Strong Contract!”
Independent Socialist Group 