US bank failures reflect capitalist crisis as rulers debate budget

Vol. 87/No. 12 - March 27, 2023
After March 10 collapse of Silicon Valley and Signature banks, major U.S. regional bank stocks plunged, with First Republic Bank closing down over 60% on March 13. Despite capitalists’ claims of "big stock rally" March 14, shares of First Republic remained down.

Democrats and Republicans are tied up in partisan squabbling over President Joseph Biden’s $6.8 trillion budget plan. While they disagree on Biden’s proposed social expenditures and new taxes to fund them, both parties agree on the need to allocate billions…


Bank failures reflect crisis of capitalism

Vol. 87/No. 12 - March 27, 2023

The collapse of three regional banks and the underlying fall in the value of U.S. government bonds caused by rising interest rates is a symptom of the ongoing crisis of capitalist production and trade, and a harbinger of further crises…


NJ sanitation workers discuss strike over wages, boss attacks

Vol. 87/No. 12 - March 27, 2023
Joanne Kuniansky, SWP candidate for New Jersey state Senate, talks with striking Camden, New Jersey, sanitation workers, from left, Bill Atkinson, Rhashik Mathes, and Moe, on Teamsters Local 115 picket line March 4. “We need workers control over our jobs,” said Kuniansky.

CAMDEN, N.J. — Joanne Kuniansky, Socialist Workers Party candidate for New Jersey state Senate, along with Chris Hoeppner, SWP candidate for mayor of Philadelphia, and this Militant  reporter, visited the sanitation workers picket line here in solidarity March 4. The…


25, 50, and 75 Years Ago

Vol. 87/No. 12 - March 27, 2023

March 30, 1998 DES MOINES, Iowa — Members of the United Steelworkers of America rallied in downtown Des Moines March 6 to support members of the United Auto Workers now in contract talks with Case Corp. The protest aimed its…


Working people in East Palestine fight for control over area cleanup

Vol. 87/No. 12 - March 27, 2023
Cleanup crew places booms across stream in East Palestine to try to stem spread of harmful chemicals after Feb. 3 derailment. Norfolk Southern rail bosses, backed by government, ignored impact on residents, setting fire to five cars of vinyl chloride, worsening toxic disaster.

EAST PALESTINE, Ohio — Socialist Workers Party members visited with workers and farmers here March 13-14, discussing how rail workers and other union members, farmers, small proprietors and youth in the area can come together to force Norfolk Southern rail…


Cuban rail workers defend safety, gains of socialist revolution

Vol. 87/No. 12 - March 27, 2023
Cuba’s first new rail link in two decades was opened between Havana and port of Mariel in 2014. Cuban trains have five-person crews. For 16-hour Havana-Santiago run across the island, two crews work eight-hour shifts each, with sleeping car for those off-duty.

HAVANA — While in Cuba for the Havana International Book Fair in February, several volunteers at the Pathfinder Press stand who are rail workers were able to exchange experiences with leaders of Cuba’s National Union of Transportation and Port Workers…


Communist League: Repeal laws against non-French speakers, immigrant workers

Vol. 87/No. 12 - March 27, 2023

MONTREAL — “Working people and our unions should oppose Premier Francois Legault’s anti-working-class campaign against immigrants. This is now centered on demanding that Ottawa shut down the unofficial Roxham Road crossing between Canada and the U.S. used by thousands of…


End of decadeslong retreat of labor opens new opportunities

Oberlin conference will discuss strengthening unions, building Socialist Workers Party
Vol. 87/No. 11 - March 20, 2023
School bus drivers strike in Wasilla, Alaska, Jan. 26, demanding adequate heating, headlights, windshield wipers and pay. More workers today are using their unions to fight attacks of bosses and their government

“Our experiences in the United States confirm that the low point of working-class and labor resistance is behind us,” said Jack Barnes, national secretary of the Socialist Workers Party, in his report on the draft political resolution before the party’s…


‘Politically correct’ publishing bosses censor Roald Dahl

Vol. 87/No. 11 - March 20, 2023

“Taking care for the imagination and fast-developing minds of young children,” the editors at Puffin, a division of Penguin Random House, pontificated Feb. 24, “is a responsibility.” This was why they had to bowdlerize 17 titles by children’s author Roald…


UMWA coal miners return to work, contract fight continues

Vol. 87/No. 11 - March 20, 2023
Members of International Longshoremen’s Association from three East Coast ports join miners’ rally in Alabama Aug. 4, pledge to spread word, build support for hard-fought strike.

ATLANTA — Coal miners who had been on strike for 23 months at Warrior Met in Brookwood, Alabama, one of the longest and most bitter strikes in recent years, began the process of returning to work March 2. The steps…