2023-03-13: News Headlines

_____ (2023-03-12). Western Capitalism's Historic Crisis… As People Realize There's Actually Socialist Alternative. strategic-culture.org Socialism is becoming popularly realized as a realistic alternative to the destructive, warmongering status quo of capitalist so-called democracy. | Western capitalism and its supposed democracy are in terminal crisis as increasing numbers of people reject the system's abysmal economic failure: record levels of poverty, inequality and relentless militarism and warmongering. | Professor Jodi Dean, the author of The Communist Horizon (Verso), says we are living in a rare historic situation of social, economic and political turmoil where breakthrough revolutionary change can happen. People are increasingly realiz…

Internationalist 360 ∞ (2023-03-12). Western Capitalism's Historic Crisis as People Realize There's Actually Socialist Alternative. libya360.wordpress.com Finian Cunningham Western capitalism and its supposed democracy are in terminal crisis as increasing numbers of people reject the system's abysmal economic failure: record levels of poverty, inequality and relentless militarism and warmongering. Professor Jodi Dean, the author of The Communist Horizon (Verso), says we are living in a rare historic situation of social, economic…

WSWS (2023-03-13). Biden announces bailout for wealthy depositors in Silicon Valley Bank. wsws.org The decision came at the end of a weekend of frantic discussions involving the Treasury Department, the Federal Deposit Insurance Corporation and the US Federal Reserve after the banks was taken over the FDIC on Friday following a $42 billion bank run the previous day.

Institute for Energy Economics, Financial Analysis (2023-03-13). Privatized Power Grid Unlikely to Save Puerto Rico Customers From Disastrous Debt Restructuring Plan (OPINION). latinorebels.com It is time for the oversight board and the governor to give up the fantasy that the debt can be paid without harming Puerto Rico's economy, pensioners, and electrical system recovery. Overly optimistic assumptions contributed to PREPA's bankruptcy. More of the same will not solve its problems.

Peoples Dispatch (2023-03-14). The second-largest bank failure in US history reveals double standard. peoplesdispatch.org On March 10, the Silicon Valley Bank collapsed in the second-largest bank failure in US history, topped only by the 2008 recession-era failure of Washington Mutual. SVB, which was founded in 1983 and was the go-to bank for tech startups and other venture capitalists, was the sixteenth-largest US bank according to assets. | The bank failure has sent the US economy reeling, with many working people concerned about the impact this could have on their paychecks, personal savings, and whether or not a 2008-like crisis could be provoked. | US authorities have attempted to employ a crisis control strategy, with US Presi…

ecns.cn (2023-03-13). China, U.S. can, must cooperate: premier. ecns.cn China and the United States can and must cooperate, and there are a lot that the two countries can achieve by working together, Chinese Premier Li Qiang said Monday.

_____ (2023-03-12). Western Capitalism's Historic Crisis… As People Realize There's Actually Socialist Alternative. strategic-culture.org Socialism is becoming popularly realized as a realistic alternative to the destructive, warmongering status quo of capitalist so-called democracy. | Western capitalism and its supposed democracy are in terminal crisis as increasing numbers of people reject the system's abysmal economic failure: record levels of poverty, inequality and relentless militarism and warmongering. | Professor Jodi Dean, the author of The Communist Horizon (Verso), says we are living in a rare historic situation of social, economic and political turmoil where breakthrough revolutionary change can happen. People are increasingly realiz…

Internationalist 360 ∞ (2023-03-12). Western Capitalism's Historic Crisis as People Realize There's Actually Socialist Alternative. libya360.wordpress.com Finian Cunningham Western capitalism and its supposed democracy are in terminal crisis as increasing numbers of people reject the system's abysmal economic failure: record levels of poverty, inequality and relentless militarism and warmongering. Professor Jodi Dean, the author of The Communist Horizon (Verso), says we are living in a rare historic situation of social, economic…

WSWS (2023-03-13). Biden announces bailout for wealthy depositors in Silicon Valley Bank. wsws.org The decision came at the end of a weekend of frantic discussions involving the Treasury Department, the Federal Deposit Insurance Corporation and the US Federal Reserve after the banks was taken over the FDIC on Friday following a $42 billion bank run the previous day.

Institute for Energy Economics, Financial Analysis (2023-03-13). Privatized Power Grid Unlikely to Save Puerto Rico Customers From Disastrous Debt Restructuring Plan (OPINION). latinorebels.com It is time for the oversight board and the governor to give up the fantasy that the debt can be paid without harming Puerto Rico's economy, pensioners, and electrical system recovery. Overly optimistic assumptions contributed to PREPA's bankruptcy. More of the same will not solve its problems.

Peoples Dispatch (2023-03-14). The second-largest bank failure in US history reveals double standard. peoplesdispatch.org On March 10, the Silicon Valley Bank collapsed in the second-largest bank failure in US history, topped only by the 2008 recession-era failure of Washington Mutual. SVB, which was founded in 1983 and was the go-to bank for tech startups and other venture capitalists, was the sixteenth-largest US bank according to assets. | The bank failure has sent the US economy reeling, with many working people concerned about the impact this could have on their paychecks, personal savings, and whether or not a 2008-like crisis could be provoked. | US authorities have attempted to employ a crisis control strategy, with US Presi…

ecns.cn (2023-03-13). China, U.S. can, must cooperate: premier. ecns.cn China and the United States can and must cooperate, and there are a lot that the two countries can achieve by working together, Chinese Premier Li Qiang said Monday.

WSWS (2023-03-13). The rank-and-file struggle against mass firings at Dana. wsws.org The mounting opposition of rank-and-file autoworkers to mass firings at transnational parts supplier Dana Inc.'s factories in the United States is a major episode in the emerging global counteroffensive of the working class.

WSWS (2023-03-13). One year of pseudo-left Boric government in Chile: A program of pro-imperialist and anti-working class reaction. wsws.org Contrary to its promises of equality and justice, the Boric administration has proven to be among the most right-wing governments of Latin America's so-called Pink Tide.

Peoples Dispatch (2023-03-12). International Women's Day 2023: Struggle for dignity and equality for all. peoplesdispatch.org This International Working Women's Day, we take a look at the mobilizations and struggles women are taking part in across the world in their fight for equality, democracy, and dignity.

WSWS (2023-03-12). BBC's removing sports host Gary Lineker for opposing government anti-migrant legislation provokes public outrage. wsws.org Lineker has proved that the Tories and Labour represent a vocal minority who can dominate political life only because the majority of working people have no one to speak for them.

Peoples Dispatch (2023-03-13). Fire in Rohingya refugee camp in Bangladesh leaves thousands homeless. peoplesdispatch.org Close to 12,000 Rohingya refugees were rendered homeless and more than 2,000 shelters in a refugee camp in Bangladesh's Cox's Bazar were destroyed after a fire on Sunday, March 5…

Santa Cruz Food Not Bombs (2023-03-13). We Demand Santa Cruz City and County Officials Open 24 Hour Emergency Shelters Now! indybay.org Protect the Homeless from the Ravages of the Atmospheric River…

Editor (2023-03-12). Ellen Brown: The Looming Quadrillion Dollar Derivatives Tsunami. scheerpost.com By Ellen Brown / Original to ScheerPost On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a "systemically …

Fight Back (2023-03-13). Appleton, WI: Students and community celebrate International Women's Day. fightbacknews.org Appleton, WI – Students and other members of the Fox Valley community gathered to celebrate International Women's Day on March 5 in Appleton's Houdini Plaza. Appleton Students for a Democratic Society (SDS) and the Freedom Road Socialist Organization co-hosted the rally. | The event was kicked off with a speech by FRSO member Hannah Hurrle, with their speech setting the tone for the afternoon. She reminded people of the origins of International Women's Day and of the relationship between gender inequality and economic inequality. Hurrle highlighted the wage gap between men and women and how that gap is further wi…

americanthinker (2023-03-12). It's a miracle! Media reports attest murdered unborn child is a 'person'. americanthinker.com Cognitive dissonance (and inequality) reign supreme with the Democrats.

Victoria Koski-Karell, Elio Dortilus, Truthout. (2023-03-13). Colonialism Created Food Insecurity In Haiti. popularresistance.org As the planet faces more climate-driven disasters, we must prioritize the safety and wellbeing of populations most vulnerable to their effects. Extreme heat, droughts, floods and storms are becoming more frequent and intense worldwide while human industry, resource extraction, consumption and carbon emissions contribute to rapidly warming temperatures and rising seas. Amid this massive and multipronged human-made disaster, global food productivity growth is down 21 percent. Climate change is exacerbating food insecurity, wiping out agricultural production, devastating livelihoods and forcing people to flee their…

Editor (2023-03-12). Colonialism Created Food Insecurity in Haiti, Now Climate Change Compounds It. scheerpost.com

Tomdispatch (2023-03-13). As SNAP Benefits are Cut: How it Feels to Be Hungry. juancole.com By Beverly Gologorsky | — ( Tomdispatch.com ) — My long-dead father used to say, "Every human being deserves to taste a piece of cake." Though at the time his words meant little to me, as I grew older I realized both what they meant, symbolically speaking, and the grim reality they disguised so charmingly. …

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