 Dear reader, Here are the latest articles published today on the World Socialist Web Site. Your donation goes directly toward daily coverage of critical events, socialist educational content which is translated into multiple languages, and which plays an indispensable role in training a new generation of fighters for socialism. The company's announcement this week of yet another round of devastating cutbacks exposes the incapacity of American capitalism to sustain even its most celebrated cultural institutions. The World Economic Forum, which opened Monday in Davos, Switzerland, was dominated by the deepening rift between the United States and the European powers over US President Donald Trump's efforts to take control of Greenland. Mamdani's visit to the picket line Tuesday and his collaboration with NYSNA paves the way for a snap shutdown of the powerful strike. The nurses' strike, located in the center of world finance, is part of a broader movement of the working class, whose logic culminates in a national and international movement against oligarchy and dictatorship. Initial reports point to a catastrophic infrastructure failure due to poor maintenance amid the rail privatization program overseen by Spain's Socialist Party (PSOE)-Sumar government. The budget presented by Prime Minister Sébastien Lecornu confirms the crisis of French democracy and the complicity of Jean-Luc Mélenchon's New Popular Front. The USPS Workers Rank-and-File Committee also calls for mass participation in the Minnesota strike, part of a wave of class struggle across the country which has the potential to change the country. Reporters for the WSWS spoke to UPS workers in Minneapolis about the ongoing federal occupation and the day of action scheduled for January 23. Public filings and earnings reports show that UPS slashed its workforce by eliminating 48,000 jobs in 2025 and that another 20,000 positions are to be cut by early 2026 as part of the company's three-year strategic plan. A January 20 online meeting hosted by PayDay Report exposed the hostility of the union bureaucracy to independent working-class action, as officials rejected mass meetings, strike action and rank-and-file decision-making in the face of ICE repression. Facing a January 30 deadline for another federal government shutdown, House Minority Leader Hakeem Jeffries said Tuesday that the Democratic leadership would not seek to block funding of Immigration and Customs Enforcement and other units of the Department of Homeland Security. In remarks to the meeting, SEP member Lawrence Porter raised the fundamental political issues involved in opposing the paramilitary occupation in Minneapolis. The break-up of the Coalition is not only a crisis of that right-wing formation, but of the whole political order that has defended capitalist rule for the past 80 years. Another inquiry is not a solution but a smokescreen: a mechanism to channel anger into years of hearings and reports, while the same underlying policies remain untouched. The deals are part of a rapidly growing set of military agreements with the Philippines concluded by the United States and other imperialist powers in preparation for war with China. On Tuesday, the dollar fell by 0.9 percent against a basket of currencies, continuing its slide of 9 percent for 2025. Gold went well over $4,700 per ounce, a new record, while the yield longer-term Treasuries rose. There will be no genuine opposition to wars of plunder from a government that is also working to loot Venezuela—whether through sanctions, diplomatic activities, or active complicity with Trump. The Socialist Equality Party statements were welcomed by workers, who opposed the imperialist banditry of the Trump administration and declared their solidarity with US workers mounting a struggle against the would-be dictator. Bill 3 will impose stricter state oversight over the province's trade unions with the aim of smothering working class opposition to the CAQ's right-wing, class-war agenda. The COB ended the strike to prevent it turning into a struggle to bring down the government. About the WSWS The World Socialist Web Site is published by the International Committee of the Fourth International, the world Trotskyist movement, and its affiliated sections in the Socialist Equality Parties around the world. Find out more about joining the Socialist Equality Party.
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