Tonight I go to London to speak with my good colleague Joseph Sternberg of the Wall Street Journal

editorial board about two elections, one right behind us, the Spanish election, Joe reported.

He expectations before the vote last Sunday was that the socialist party in power these many years

would lose, and the center-right party, the popular party, would win. It didn't happen. Neither side

won. It was a tie, a stalemate. Neither side commands enough seats of its own, plus coalition partners

that are reasonable to command the 176 seats necessary for a majority. So the rules of the game

are the government in place will remain unable to form a new government. There'll be new elections soon

rather than late. However, what I also learned is that the expectations for the far-right party,

so-called by the Rogers reporting, were much higher than came in. It appears that people who had

previously been on the far-right voted for the center-right party that did not push them over

the finish line. The other election we discuss is the by-elections recently in Britain. These are

elections in between the general election. The next one is expected at the end of 94, in which

the parties can maneuver for advantage and talking points. In this instance, labor expected to

win all three. It did not. It lost Uxbridge. The seat that was previously held by the former

Prime Minister. However, the defeat of labor was such a disappointment that they're looking for

reasons. After all, the Tories have been in very bad shape, after since the departure of Mr. Johnson,

the unhappiness about the choice of the next Prime Minister and the faltering economy.

And nonetheless, labor did not win. Why? The explanation is very particular. It has to do with U

Les, ultra-low emission zone. These signs that are put up in London and that if you have a car that

creates too much emissions, you're going to pay a tab each day you drive that car in and

U Les, U-L-E-Z. In other words, labor is asking itself, are we too green to win?

Also tonight, a conversation with Liz Peek about the expectation of the Federal Reserve meeting

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