San José, CA – On Friday, August 23, the U.S. stock market opened lower, on the news that China was retaliating to Trump's latest round of tariffs. It then recovered after Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole economic conference. Then Trump tweeted that he was “ordering” U.S. companies to leave China, and stocks dived, with the Dow Jones Industrial Average ending with a loss of more than 600 points or almost 2.5% lower. The broader S&P 500 average fell a bit more than 2.5% percent and the NASDAQ composite, which is heavily weighted towards technology companies, fell 3%.
St. Paul, MN – On August 22, immigrant rights and Palestine solidarity activists presented over 1000 signatures of Minnesota residents petitioning the State Board of Investments (SBI) to divest state pension funds from the Israeli defense contractor Elbit Systems. Elbit sells cluster bombs and weaponized white phosphorus to the Israel Defense Forces, whose indiscriminate use on besieged Gaza has been widely condemned by international organizations. Elbit also manufactures surveillance equipment for the Israeli apartheid wall, and drones used in targeted assassinations of Palestinian political leaders.
St. Paul, MN – On August 19, Representative Ilhan Omar (D-Minnesota) and Rep. Rashida Tlaib (D-Michigan) held a press conference in the State Capitol in Saint Paul to a packed room, with an overflow of 100 people, on the human cost of the Israeli occupation of Palestine and travel restrictions.
Chicago, IL – Venezuela is a country where the dreams of the conscious workers of the world are being made real. It is a nation of 30 million people where, every day, the working class is becoming more conscious of its historic role in building socialism and taking steps to achieve it in the not so distant future. And in the face of an imperialist offensive that threatens them with starvation, where the threat of military invasion hangs over their heads like a storm cloud, they continue their struggle undeterred.
There’s a tendency among progressives in the United States to support big crowds of people protesting in other countries. No doubt, the corporate media assists in this process by labelling certain movements ‘pro-democracy’ or ‘freedom fighters.’
Recession fears make Trump backtrack in trade war with China
San José, CA – On Wednesday, August 14, the U.S. stock market tanked, with the Dow Jones Industrial Average down 800 points, or 3%. The technology-heavy NASDAQ index also fell 3% and the S&P 500 fell just shy of 3%. This is the third day in a row of major market moves: Down more than 450 points on Monday, up 375 points on Tuesday, and now down again.
Fight Back News Service is circulating the following August 14 statement by Jose Maria Sison, National Democratic Front of the Philippines (NDFP) Chief Political Consultant.
San José, CA – U.S. stocks fell again on Monday, August 12 as growing recession worries were added to ongoing concern about the direction of Trump’s trade war with China. The Dow Jones Industrial Average fell almost 400 points, or 1.5%, while the broader markets fell by smaller percentages of about 1.2%.
Chicago, IL – On August 6, U.S. National Security Advisor John Bolton attended a gathering of representatives from the right-wing governments of Latin America. There, he announced the next stage in the U.S. campaign to defeat the Bolivarian Revolution: A total blockade of Venezuela. All U.S. citizens are banned from doing business with “the Maduro regime,” and any company – U.S. or international – that does business with the Venezuelan government will be subject to fines, asset seizures and sanctions. While the announcement did not include the immediate deployment of the U.S. Navy to enforce the blockade, Bolton hinted that the option remained on the table if foreign companies and governments did not comply.
Milwaukee, WI – On the evening of August 9, over 50 anti-war activists, peace advocates and community members gathered at the Urban Ecology Center in Washington Park on Milwaukee’s north side to remember the victims of the dropping of atomic bombs on Hiroshima (August 6) and Nagasaki (August 9) in 1945. Additionally, victims of recent and prior mass shootings across the U.S. were honored.
Washington DC – On August 8, China’s Foreign Ministry spokesperson Hua Chunying said that the People's Republic of China would continue economic cooperation with Venezuela. Speaking in Beijing, Hua stated the U.S., “should let the Venezuelan people decide their future and immediately stop the bullying behavior.”
San José, CA – On Monday, August 5, China replied to Trump’s new tariff threat by calling off the purchases of U.S. agricultural products and weakening government support for the RMB, China’s currency. In response the RMB fell to 14 U.S. cents, meaning it will take slightly more than 7 RMB to buy one U.S. dollar. Soybean prices also fell, as China is the largest foreign buyer of U.S. soybeans.
Caracas, Venezuela – Under the banner of “Comuna o nada,” translated to English as “Communes or nothing,” 100 leaders of Venezuela’s neighborhood groups gathered on July 30. The forum was held at the Ministry of Popular Power for the Communes and Social Movements. This is where the well-respected Minister Blanca Eekhout is in charge.
Caracas, Venezuela – The closing event of the 25th Foro de Sao Paulo (Sal Paulo Forum) on July 28 began with a speech by Monica Valente, the Executive Secretary of the Foro de Sao Paulo and the International Secretary of the Workers Party of Brazil. The next speaker was Cuban President Miguel Diaz-Canel, leading up to a spirited speech by Venezuelan President Nicolas Maduro.
San José, CA – On Thursday, July 31, President Trump tweeted that he would be imposing new tariffs, or taxes, on the $300 billion of Chinese goods not covered by his 25% tariffs. U.S. stocks took an immediate dive, giving up all of their 300-point gain to drop 280 points for the day. They continued to fall on Friday, leading to the worst week for U.S. stocks all year.
Caracas, Venezuela – From July 25 to 28, over 1000 delegates gathered for the 25th Sao Paolo Forum in Caracas, Venezuela. Historically the largest gathering of the Latin American left, the Forum was transformed this year by its hosts into an assembly of revolutionary parties and movements from around the world, with the sole focus of how a new global revolutionary offensive can be launched against imperialism.
Caracas, Venezuela – Pictured, left to right, at the international São Paulo Forum in Caracas, Venezuela: professor and eco socialist author Miguel Angel Nunez, Secretary General of the Bolivarian Alliance for the Peoples of Our America (ALBA) David Choquehuanca, and Tom Burke of the Freedom Road Socialist Organization.
