In August, the expected yield for ten-year Treasury notes fell below the yield for two-year notes for the first time since 2007, with the 30-year bond yield also reaching a new low. The “yield curve” tracks the yield to investors who purchase shares in government debt to be paid back over various time horizons. The national debt accrues as the US Treasury sells Treasury securities in exchange for cash used to finance the government.

Opportunism and sectarianism are two sides of the same coin. Both must be combated if the program of revolutionary Marxism is to become a mass force by connecting with the aspirations and movement of the working class, as Socialist Revolution (the IMT in the USA) explains.

“Treason!” “Sedition!” “Spies!” “Bullshit!” “Fraud!” and “Civil war!” Such was the response of the presidential “stable genius” to the ongoing drama unfolding on Capitol Hill concerning impeachment proceedings against him. Trump’s hubris appears to have caught up with him at last as a sprawling investigation spills messily into the headlines. The American president is a wretched reactionary—to put it mildly—and billions worldwide are understandably delighted to see him get some form of comeuppance. But what’s behind the smoke and mirrors? Whose interests are served by this charade?

On 3 August, a white supremacist gunman named Patrick Wood Crusius shot dozens of innocent people in El Paso, Texas. While gunning down those he deemed to be part of an “immigrant invasion,” he declared solidarity with the Christchurch, New Zealand mosque shooter from earlier this year. In the last year, synagogues in Pittsburgh and Southern California have faced similar attacks. These are just the latest in a string of incidents of fascist individual terrorism, which must be understood in the context of the crisis and decay of capitalism.

Nearly 50,000 members of the United Auto Workers (UAW) union have gone out on strike at GM factories, warehouses, and engineering offices in the US. The strike began at midnight on Sunday, September 15, 2019. The Teamsters union, which represents car hauliers, said it would honour the UAW picket lines and would not deliver new cars to dealers until the strike has ended. This is the first strike at GM in 12 years. It is part of a growing wave of strikes and job actions which started with the West Virginia teachers’ strike in 2018.

A series of attacks on Saudi oil installations have set sparks flying once again in the Middle East. Only months after a last-minute cancellation of a US strike on Iran – and weeks after reaching out for talks without any preconditions – US President Donald Trump is yet again filling the twittersphere with threats and intimidation. Meanwhile, oil prices shot up by 20 percent and the ripple effects are already working their way through the sensitive oil and currency markets.

Yes! It’s true! You did read that right. President Donald Trump has sacked his National Security Advisor, John Bolton, telling him his services are “no longer needed”.

Editorial for Issue 17 of Socialist Revolution magazine, originally published here on 31 August. The climate is already in revolt. Now it’s up to the workers and youth of the world to rise up to bring down the entire system.

Stock markets have experienced a roller-coaster ride over the past two months, as Trump’s erratic trade policy has brought the world economy to the brink of recession. In the latest move, Trump yet again partially postponed the introduction of new tariffs, which he announced two weeks ago. This temporary reprieve will do little to solve the conflict.

People around the world have once again been shocked by a wave of shootings perpetrated by far-right extremists. The shootings in Gilroy, California and El Paso, Texas, were carried out by individuals who shared fascist manifestos, detailing their beliefs prior to the attacks, which claimed the lives of 25 people. You would have to

The American labour movement has had a rough few decades. After peaking at 34.8 percent in 1954, just 10.5 percent of US workers are in a union today and only 7.2 percent of private sector workers. With corporate profits, capital accumulation, market indices, and wealth inequality reaching mind-boggling levels, many shortsighted individuals gave up the ghost and conceded defeat to the capitalists. The best we could do, in their view, was roll over and beg for a few crumbs off their table. But “the darkest hour is before the dawn.” The US working class has not gone down for the count—not by a long shot—and we’re coming for the crumbs, the pie, and the table.

After ten days of stormy mass protests and a general strike that brought the whole island to a standstill, the hated Puerto Rico governor Roselló was forced to resign. As the slogans on the streets are saying: “No renunció el pueblo lo sacó” (“he didn’t resign, the people kicked him out”). This is a first and very significant victory of the mass movement, which now wants to overthrow La Junta itself.

Today marks the tenth consecutive day of protests calling for the resignation of Puerto Rico’s Governor, Ricardo Rosselló. Hundreds of thousands have filled the streets of San Juan and surrounded La Fortaleza, the governor’s mansion. The spark for the protests was a leaked Telegram chat that revealed large-scale government corruption as well as the most abhorrent language and disgusting jokes, revealing the complete disdain of the government towards the people of Puerto Rico.

In a video recorded yesterday (20 June), Hamid Alizadeh, writer for In Defence of Marxism, discusses the rising tensions between the USA and Iran, with Washington accusing the Tehran regime (amongst other things) of attacking two oil tankers. It is clear that the bellicose Trump administration, along with their reactionary allies in the Middle East, are looking to thwart the power and influence of Iran in the region, in order to assert their own imperialist interests.

On 12 June, the UK Home Secretary Sajid Javid certified the request from the US to extradite Julian Assange for allegations of hacking and sharing classified American government documents. We wholeheartedly oppose his extradition and defend Assange’s freedom of speech.