When the current crisis began, there were some who painted it as simply a Western crisis; a crisis that was unique to Europe – due to problems caused by its common currency – and America – due to its sub-prime mortgage scandal and ensuing credit crunch.

The war drums in Washington are beating their macabre tune out loud, announcing an imminent US attack on Syria. In the UK, the faithful squire, Cameron, is willingly echoing the call. Parliament is expected to back the military option in an emergency meeting convened for Thursday, August 29^th. Direct imperialist intervention marks a fundamental change in the situation in Syria after the spiralling sectarian civil war had wiped away the revolutionary potential of the anti-regime protests sparked in January 2011 by the events of the Arab spring.

The resignation of David Shearer as Labour Party leader came as no surprise to many labour and trade union activists. David Shearer may have been portrayed as an action man of the United Nations, but he certainly wasn't when it came to the Labour Party. The Labour Party has been languishing in the low 30% of the polls for some time. This means with the general election to be held by next November the likelihood of a Labour-led government in 2014 was getting more remote. There have been rumblings from within Labour's caucus for sometime over Shearer's performance as they see their career prospects narrow! With the growing likelihood of a challenge by caucus to his leadership David Shearer resigned.

Today, 9th July, marks the 100th anniversary of the birth of Ted Grant, the founder of the International Marxist Tendency. Rob Sewell, editor of the British Marxist paper Socialist Appeal, outlines the important role played by Ted in building the forces of Marxism during his lifetime and discusses the legacy of Ted for Marxists today.

For those who knew him, Ted Grant was a political giant. He lived and breathed the ideas of Marxism and was, without doubt, the most important Marxist theoretician since the death of Trotsky. This can be gauged by the depth of his writings over some 70 years of political activity, most of which is available at tedgrant.org.

Morsi has fallen. The magnificent movement of the masses has once more shown to the entire world the authentic face of the Egyptian people. It shows that the Revolution, which many even on the Left believed to have stalled, still possesses immense social reserves.

Since the 2008 financial crisis there has been no respite for world capitalism. Its crisis has been deepening on a daily basis. The European Union, the world second largest economy is back in recession. Stocks and bonds have fallen sharply across world capitals.

The cat-and-mouse game between piracy supporters on the one hand and state authorities and major multinational companies on the other is heating up. The recent spate of persecution of websites and individuals involved in piracy opens up a new phase.

The recent announcement from Labour and the Greens with regard to setting up a single national buyer for wholesale electricity to curb the excessive profits of the power generators, (who by the end of the current round of partial-privatisations will overwhelmingly be in the private sector), was certainly a shot across the bows of the National led government.

The magnificent movement of the workers and youth of Turkey is an inspiration to the whole world. What began as a peaceful protest against the cutting down of trees in a park to pave the way for the construction of a shopping mall has turned into a tidal wave of mass protests against the vicious and reactionary Erdogan regime, which has acquired insurrectionary dimensions.

What started as a small scale protest against the destruction of Gezi Park that stands next to Taksim Square in Istanbul has now developed into a nationwide movement demanding the resignation of Prime Minister Erdogan, of the AK Party.