The victory of the Conservative Party and the debacle of the Labour Party in the recent British general elections is yet another sign of the crisis facing left-wing forces today, leaving aside the question of how, under the British electoral system, the Labour Party actually increased the number of votes it won but saw a reduction in the number of seats it now holds in Parliament (24 seats less than the previous 256).
Landmark new policies that have sharply curtailed U.S. financing for international coal projects may be rolled back, the result of a sudden, polarised fight over a little-known government agency here.
U.S. Big Business is going all out to protect a favoured government agency, the 80-year-old Export-Import Bank (Ex-Im), from a full-fledged assault by the populist “Tea Party” wing of the Republican Party.