San José, CA – On Friday, September 1, the Department of Labor’s report on the job market in August showed continued signs of cooling. Only 187,000 net new jobs were created, and the Labor Department adjusted down the new jobs for June and July by 130,000. This meant that the three month average was only 150,000 new jobs. In contrast, in the first three months of the year, employment grew on average by 312,000 jobs, so that the rate of job creation has been cut in half.

San Jose, CA – On August 9, members of Students for a Democratic Society (SDS), along with community members and other organizations rallied to demand dropping the charges against the Tampa 5. The protest was primarily organized and hosted by SDS.

San Jose, CA – On August 4, around 70 people gathered to celebrate the removal of the Thomas Fallon statue that had stood at the corner of West Julian Street and Notre Dame Avenue in San Jose for over 20 years. Fallon was a captain of the U.S. military during the Mexican-American War and captured San Jose in 1846. In the 1850s, he returned to the area and began a political career, culminating in a one-year term as mayor of San Jose in 1859. His time in public office took place during a period of genocide against the indigenous peoples of California, as well as the oppression and disenfranchisement of Mexican people in California.

San Jose, CA – 20 activists and community members held a rally, June 9, to demand dropping the charges against the Tampa 5, the five University of Southern Florida of protesters who were brutalized by police and wrongfully charged.

San Jose, CA – On June 26, around 35 people gathered at Willow Street Frank Bramhall Park in San Jose to honor political prisoner and American Indian Movement leader Leonard Peltier. The event was organized by Leonard Peltier Support Group Silicon Valley and Indian Health Center Silicon Valley on the 48th anniversary of the historic shootout at Oglala on the Pine Ridge Reservation. The rally was emceed by Donna Wallach, chair of Leonard Peltier Support Group Silicon Valley and longtime community organizer.

San Jose, CA – Colorful waves rippled across Roosevelt Park in San Jose at 3 p.m. on a windy Monday afternoon, May 1. Flags were held high by workers in celebration of May Day, raising the demands “Unions for all; justice for fast food workers; si se puede; legalization for all, and Black lives matter.”

San José, CA – On Friday, May 19, Republicans walked out of debt ceiling negotiations with the Democrats. Presidential candidate Donald Trump followed with a no-compromise stance, saying the Republicans should hold out for “everything that they want.” More than a quarter of Democrat Senators who are opposed to the Republican cuts called on President Biden to overrule the debt ceiling using the 14th Amendment to the Constitution, which guarantees that the national debt shall be paid.

San Jose, CA – On April 9, 15 protesters gathered in front of San Jose City Hall to denounce the Republican-led efforts to restrict the distribution and use of mifepristone, an abortion pill.

Interview with Professor of Economics Masao Suzuki

In 2023, there have been many announcements of layoffs by technology firms. This is a result of what the media calls post-COVID normalization. But this “normalization” has also shown that many technology companies that boomed during the pandemic were in fact overproducing and building new capacity too quickly, forcing them now to scale back. In the past ten days this slowdown in the technology industry spilled over into the banking system, triggered by the failure of Silicon Valley Bank, based in Santa Clara, California. Soon after the failure of SVB on Friday, March 10, regulators shut Signature Bank in New York. First Republic bank, headquartered in San Francisco, had to borrow $30 billion from other banks, under the direction of the Federal Reserve. The crisis even spilled overseas, as the troubled Swiss banking giant Credit Suisse was forced to sell itself to the even larger Swiss bank UBS. Fight Back! News sat down with Professor Suzuki to ask him about this crisis. Fight Back!: How is the failure of Silicon Valley Bank related the crisis unfolding in the technology industry?

San José, CA – After the collapse of Silicon Valley Bank, headquartered in the city of Santa Clara, just north of San José, the local news was full of interviews with technology entrepreneurs talking about the “importance to the community” to have all of the uninsured depositors get their money back. With the closing of Signature Bank in New York, which had large numbers of crypto-investment related depositors, over the weekend, federal regulators tried and failed to find buyers for the two banks. This made these two banks the biggest ever – with about $200 and $100 billion in deposits, respectively – to have to shut down.