Yi San is a freelance writer based in New York.
In 2021, the Fed approved a merger application from Silicon Valley Bank with Boston Private Bank and Trust, believing that the newly enlarged institution presented no danger to the financial system. After SVB’s collapse, the Fed is changing its tune.
This week, Florida farmworkers with the Coalition of Immokalee Workers are marching to protest horrific working conditions including forced labor. In an interview, a CIW worker describes these conditions and how workers are organizing to change them.
The Right likes to say it believes in “personal responsibility” while the Left promotes a culture of blaming others for our problems. In reality, socialism is about allowing people to take charge of their own lives — and ending the parasitism of the ultrarich.
Italian prime minister Giorgia Meloni insists her Fratelli d’Italia party has “consigned fascism to the past.” But a study of her party’s vision of Italian history shows a demonization of anti-fascism, not its own Mussolinian ancestors.
South Carolina’s Freedom Caucus is one of eleven such groups in state legislatures across the country. Funded by right-wing dark money, they’ve shown an obsession with enforcing their own bizarre hang-ups over race and gender.
Fed up with rail companies putting profits before workers and surrounding communities, the rank-and-file group Railroad Workers United is launching a campaign for railroad nationalization. We spoke with one of their leaders about the proposal.
Democrats usually waste their electoral majorities. So it’s shocking when the party uses its power to actually pass progressive and pro-worker legislation, as it just did in Michigan — including repealing the state’s right-to-work law.
The Los Angeles Unified School District has billions stored away, which it refuses to spend to solve the worsening crises facing local public schools. While the district’s penny-pinching serves those at the top, students and teachers are paying the price.
In the years leading up to Silicon Valley Bank’s recent collapse, federal regulators granted the bank a special exemption from a key rule put in place to prevent banks from engaging in risky investments.
Russia’s invasion of Ukraine transformed the energy politics of Europe: America became Germany’s main importer of liquid natural gas and Putin pivoted east. This new order is likely to generate more conflicts than the one that came before it.
The recent spree of cross-dressing bans has a precedent in the harassment, imprisonment, and deportation of so-called sexual deviants in the US since the 19th century. Civil rights campaigners defeated reactionaries in the ’60s. They can do the same today.
UAW reform candidates have made sweeping gains in recent leadership elections. In an interview, recently elected rank-and-file worker Daniel Vicente explains how the reform slate is seeking to deliver members a more democratic, militant union.
While 65 starring Adam Driver isn’t a good movie, it does paint a dystopian portrait of terrible health insurance across the universe that is, unfortunately for us Americans, all too believable.
Climate change–fueled displacement is often thought of as a future problem, or one that primarily affects people in developing countries. But natural disasters caused or exacerbated by the climate crisis are already frequently displacing people within the US.
Wage growth has been experiencing a historic slowdown. If that trend holds up, inflation is on track to get within half a percentage point of the Fed’s 2% target level by this time next year. But will inflation hawks be willing to take yes for an answer?
Last week, Duke University’s graduate-student workers filed for a National Labor Relations Board election. The administration isn’t just fighting the union — it plans to challenge the legal status of all grad workers across the country as workers.
Brazilian activist and politician Marielle Franco was assassinated five years ago by killers connected to the country’s military and police. Those likely behind her death were part of a reactionary mafia with close ties to the right-wing establishment.
Economic inequality undermines democracy, hastens environmental destruction, fosters anxiety, and erodes social trust. We can start to solve these problems by taxing the rich, as progressives and socialists in New York State are now proposing.
In the months before Silicon Valley Bank’s collapse, the bank’s lobbying groups fought a proposal requiring financial institutions to increase payments into the Deposit Insurance Fund that protects depositors from bank failures.
The news of Silicon Valley Bank’s recent collapse is dominating headlines. Just eight years ago, SVB’s president pushed legislators to exempt more midsize banks — including SVB — from regulations passed in the wake of the 2008 financial crisis.