Caracas, Venezuela – The Freedom Road Socialist Organization (FRSO) labor delegation met today with Tibisay Lucena, president of the CNE (the National Electoral Council) to discuss the upcoming elections. Lucena spoke about this election as very important in the face of U.S aggression and the economic war.
Minneapolis, MN – Worldwide, cases of COVID-19 have broken the 100,000 mark. There are more than 400 cases in the United States, a number that is rising every day. That number is likely much higher, but test kits remain in short supply.
San José, CA – On Friday, March 6, the Labor Department reported that 273,000 new jobs were created in January, driving the unemployment down to 3.5%. But despite this strong job report, U.S. stocks fell again; the broadest S&P 500 was down 50 points or about 1.75%. The Dow Jones Industrial Average, which is made up of 30 large companies, fell less than 1% as investors may have felt larger companies are safer havens. But the real flight was to bonds, with the ten-year U.S. Treasury Bond interest rate falling to another record low of 0.75%.
Coronavirus fear strikes back after a day of gains
San José, CA – On Thursday, March 5, the day after U.S. stocks soared on hopes that a Biden presidency would be better for Wall Street, economic worries about the new Coronavirus (COVID-19) drove down stocks again. The Dow Jones Industrial Average fell almost 1000 points, or 3.5%, with other averages falling a bit less. Interest rates on the ten-year U.S. Treasury Bonds fell to another record low of less than 0.92%, showing both fear among U.S. investors and expectations of weaker economic growth.
Minneapolis, MN – Freedom Road Socialist Organization’s Political Secretary Steff Yorek stated today, March 4, “As COVID-19 spreads here in the United States, the potential exists for the corporate health care system to be overwhelmed. American capitalism has developed a health care system that’s poorly equipped to do basic public health. There is no profit in disease prevention.”
San José, CA – On Tuesday, March 3, the U.S. central bank, the Federal Reserve, cut interest rates by one-half of one percent. This emergency action was taken between the regular Fed meetings every six weeks. This was the first time that the Fed had acted between meetings since the financial crisis in October of 2008.
St. Paul, MN – The Anti-War Committee is joining with the Climate Justice Committee to unwelcome Vice President Mike Pence when he comes to Saint Paul, 5 p.m., March 5, at the InterContinental Saint Paul Riverfront, 11 E Kellogg Boulevard.
St. Louis Park, MN – Amy Klobuchar supporters couldn’t fill the gymnasium, March 1, at Saint Louis Park High School, even with the help of some 250 protesters demanding freedom for Myon Burrell, an innocent Black teen she sent to prison for life when she was the county district attorney. Myon Burrell’s family, the Racial Justice Network, Minneapolis NAACP, Black Lives Matter Twin Cities, Twin Cities Coalition for Justice for Jamar, Communities United Against Police Brutality, and Black Lives Matter Minnesota called for community members to mobilize to protest at the Klobuchar rally, two days before the primary vote. For more than a month, they’ve been calling on Klobuchar to drop out of the race. Hours after the protest, she announced she’s doing just that.
Trump tweets while novel Coronavirus infections surge outside China
San José, CA – For a second day in a row, U.S. stock prices fell about 3% Tuesday, February 25. After a 1000-point drop on Monday, the Dow Jones Industrial Average fell almost 900 points, or more than 3%, while the broader S&P 500 fell 3%. Investors fled to buy bonds, pushing their prices up and their interest rate down to all-time record lows, with the ten-year U.S. government bond interest rate falling to 1.35%. Typically falling interest rates show fear of slower economic growth or even a recession ahead.
Dow Jones Industrial Average falls More than 1000 points
San José, CA – U.S. stocks got a reality check on Monday, February 24, with the Dow falling more than 1000 points, or 3.5%. The NASDAQ index, with a heavy representation of technology company stocks, fell a bit more, while the broadest measure of the stock market, the S&P 500 fell a bit less.
New York, NY – On February 22, a Wisconsin delegation invited a conference of nearly 60 organizations to join a major protest at the Democratic National Convention taking place in Milwaukee in July.
New York, NY – Organizers with the Milwaukee-based Coalition to March on the DNC are attending the national conference of the United National Antiwar Coalition (UNAC), to build support for a major protest at the Democratic National Convention in July.
In January, Fight Back! reporters participated in the World Anti-Imperialist Gathering in Caracas, Venezuela. While there, they interviewed delegates from Venezuela and from several other countries. In this interview, Ender Sabalsa, a leader of the youth sector and the Afro-descendent sector of the United Socialist Party of Venezuela (PSUV), gives his message to the people of the United States.Ender Sabalsa: Revolutionary greetings to everyone reading this and to all the peoples of the world. My name is Ender Sabalsa. I’m a member of the youth sector of the United Socialist Party of Venezuela (PSUV). I’m also in the Afro-descendent sector and the social movements that are supporting the progressive governments here in Latin America and especially the elected government of our constitutional president Nicolas Maduro Moros.
En enero unos periodistas de ¡Lucha y Resiste! participaron en el Encuentro Mundial Antiimperialista en Caracas, Venezuela. Allí hicieron entrevistas con delegados de Venezuela y de varios otros países. Esta es una entrevista con Ender Sabalsa, un líder de la Juventud PSUV (Partido Socialista Unido de Venezuela) y del sector afrodescendiente en que él comparte un mensaje al pueblo de los Estados Unidos.Ender: Un saludo revolucionario a todos los que nos están viendo y a todos los pueblos del mundo. Mi nombre es Ender Sabalsa, milito en la juventud del Partido Socialista Unido de Venezuela, del sector afrodescendiente y de los movimientos sociales que están apoyando a los gobiernos progresistas de acá de América Latina y especialmente del gobierno electo y nuestro presidente constitucional Nicolás Maduro Moros. Quiero recordarles al pueblo estadounidense que nosotros no estamos en contra del pueblo norteamericano, estamos en contra del gobierno de Estados Unidos, el presidente Trump, la administración Trump que ha hecho tanto daño en América Latina y en el mundo en general, que no reconoce las políticas de los gobiernos, no reconoce la autodeterminación de los pueblos, no reconoce el derecho internacional, y sobre todo no reconoce el daño tan grande que le hace el capitalismo a la naturaleza, lo que le hace el capitalismo a la vida de nuestro planeta.
Fight Back News Service is circulating the following February 11 statement By Jose Maria Sison, National Democratic Front of the Philippines (NDFP) Chief Political Consultant.
Chicago, IL – William Elias Conway, III is running against Cook County State’s Attorney Kim Foxx in the March 17 Democratic Party primary election. He has flooded TV airways and cable channels with commercials promoting his ‘progressive’ agenda, pledging to “defend Chicago’s marginal communities from attacks from Donald Trump.”
17-year-old Mohamed Sulaiman Alhddad was shot and killed by Israeli troops in the West Bank city of Hebron, February 5, during a protest responding to President Trump’s “Deal of the Century.” Other protesters have been killed or injured in recent days.