Kensington Review

29 April 2024

 

Cogito Ergo Non Serviam

9

Latest Commentary:

Canada Chooses Carney -- The Canadians voted yesterday in their general election, brought on the by change of leadership in the Liberal Party. The Liberals retained their status as the biggest voting group in the House of Commons, and picked up a few seats. This is a far cry from where things were just a few months ago when the Tories were measuring the drapes at 24 Sussex Gardens, where the Prime Minister lives. Since then, however, Donald Trump became the American president, and he has made a point of threatening the independence of Canada. Canadians responded by choosing to be "The True North strong and Free." [29 April]

Canada Votes, Carney for PM -- The people of Canada wills select a new Prime Minister and Parliament today. While some elections hinge on housing shortages or wages falling behind, this one is about something much more fundamental. Canada is being asked today how it wants to preserve its independence in the face of an American administration with its eyes on annexation. This journal believes that there is little difference among the top three parties in their commitment to Canada. The big difference is personal; who the PM is will matter a great deal more so than the party. For that reason, this journal urges its Canadian readers to back Mark Carney and the Liberals. [28 April]

Trump Prepares to Surrender on China Tariffs -- The White House is preparing to hoist the white flag on its trade war with China. It is currently signalling that it no longer has the stomach to continue. After the CEOs of WalMart, Home Depot and Target told the president to his face that shelves would be empty in two weeks thanks to his trade war (Forbes is the source), Mr. Trump blinked. There is now talk of reducing the ridiculous and obscene tariffs on Chinese products to levels that are merely ridiculous. The Chinese government will simply sit and wait while the administration starts making concessions. It will pocket them and ask for more. It is a diplomatic rout, and the whole world knows it. [24 April]

Tesla Has Disastrous First Quarter -- Tesla, Inc. (TSLA-NASDAQ) issued its required 10-Q filing with the Securities and Exchange Commission yesterday. This is a document that must be filed every 90 days to keep the market up-to-date on the company's activities. This particular filing made for grim reading for those long Tesla stock and bonds. While assets improved by $3 billion compared with the last quarter, just about every other number showed a decline in the fortunes of the firm. The explanation in the Management Discussion and Analysis section read more like a list of excuses. The most important thing unsaid what that this will not end in the second quarter. [23 April]

GOP Congressman Wants Hegseth Out -- The Secretary of Defense Pete Hegseth is completely unqualified for the job. Sad, but there it is. He seems devoted to sending texts about military operations as they are unfolding, and doing so using a commercially encrypted app called Signal. In other words, it can be broken rather easily by government tools. He also seems to like bringing his wife to top level meetings where she has no need to participate. He has fired his closest advisors only a couple of months into the job. He never should have been confirmed. Finally, a Republican Congressman, one Don Bacon of Nebraska, has said it is time for Mr. Hegseth to find a different job. [22 April]

© Copyright 2025 by The Kensington Review, Jeff Myhre, PhD, Editor. No part of this publication may be reproduced without written consent. Produced using Ubuntu Linux.

 

 

 

 

 

 

 

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