NEW YORK — Working people here are once again facing rising rents as the city’s Rent Guidelines Board voted June 21 to increase rents by the highest amount in a decade on some 1 million rent-stabilized apartments. Rents for a…
From plummeting math and reading test scores for teenage students, to the government’s plan to slash funds for child care, to rising health care costs alongside hospital closings — over 175 in rural areas over the last 15 years —…
As prices continue to rise, especially on necessities like food, housing and health care, and as the worldwide decline in capitalist production and trade threatens layoffs, insistence by Joseph Biden administration officials that the economy is doing well ring hollow.…
As working people struggle to try and make ends meet, U.S. banks reported all-time record profits of $80 billion in the first quarter, up 33% from a year earlier. Over half of these profits went into the coffers of the…
Government officials and the owners of the country’s largest banks keep insisting the U.S. banking system has been stabilized and is under control. Is that true? The answer is no, as the deepening crisis of their capitalist system continues to…
Over the past couple of years growing numbers of workers have turned to our unions to resist bosses’ efforts to squeeze more from our labor. Underlying this shift is a deepening crisis of capitalist production and trade, sharpening international rivalries…
As food prices keep rising, many companies are seeking to maximize profits through “shrinkflation,” which some workers call “skimpflation,” where they fiddle with the packaging and you end up paying the same price but get less. Bosses have been doing…
In the wake of the collapse of three regional U.S. banks March 8-12 and the subsequent turmoil in financial markets worldwide, the Militant is excerpting below a section from The Low Point of Labor Resistance Is Behind Us: The Socialist…
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…
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…
