A Beginners Guide to Bank Failures

According to a February 2023 Federal Deposit and Insurance Corporation (FDIC) audit, 563 U.S. banks have failed and/or come under regulatory authority since 2021. Here in California, U.S., the latest casualty has been the Silicon Valley Bank (SVB). This latest rash of bank failures, especially within the software start up SVB, have alarmed apologists for capitalism all over the world. With this piece, we are hopeful we can bring some fundamental understanding of “bank failure” and what’s happening for everyday working people. First, it should be explained that the Federal Deposit Insurance Corporation (FDIC) is an institution of the U.S. . . .

The ICC Is A US-Controlled Kangaroo Court

The Washington Post, or the Pentagon Post, as Eugene Puryear aptly named the paper this Saturday, printed a bizarre “key update” on the official visit by Chinese President Xi Jinping to Russian President Vladimir Putin in Moscow. The update reads: “Chinese President Xi Jinping claims to have come to Moscow as a peacemaker, but talks with Russian President Vladimir Putin about China’s 12-point proposal for peace on Monday appear to have yielded no progress so far. The update goes on to say, “Beijing’s summary of discussions did not mention any progress — or whether Xi offered to act as a . . .

Eritrea: A Different Perspective

As I get ready to attend the United Nation’s 67th Session of the Commission on the Status of Women as a part of Eritrea’s delegation led by National Union of Eritrean Women’s President, Tekea Tesfamichael, I think it’s important to address the latest media blitz scrutinizing the state of Eritrea and highlight my perspective as a dialectical materialist and member of the diaspora. As a young Eritrean living in the United States and a proud product of the Eritrean people’s struggle and liberation movement, conversations around freedom, justice, self-determination, and sovereignty, were dinner table conversations growing up. This is common . . .

SNAP Benefits for African Mothers Are Gone, While Ukraine Eats Good

As the country ushers in commemorations for ‘International Women’s Month’, 42 million households have been hit with a significant reduction in Supplemental Nutrition Assistance Program (SNAP) benefits impacting the ability of millions of mothers to feed their children. In December 2022, Congress voted to end the pandemic emergency allotments after passing the government funding package the previous year. After nearly three years, the program that temporarily increased federal SNAP benefits for low-income families came to an end on March 1st. Eighteen states already ended the pandemic increase in SNAP benefits before March. The remaining 32 states and the District of . . .