The Kensington Review

20 August 2004

Latest Commentary:
Rumsfeld Objects to Intelligence Tsar -- The largely-invisible-these-days Secretary of Defense Donald Rumsfeld appeared recently to argue against the creation of an intelligence tsar (Editor's Note: Kensington Review house style uses the Russian, not Polish, spelling). While conceding such an official could offer "some modest" improvements, it would be a bad idea to give him budgetary authority or anything like that. As he told the Senate Armed Services Committee, "If we move unwisely and get it wrong, the penalty would be great." Maybe he has learned from attacking Iraq over non-existent weapons of mass destruction.

Sharon's Party Rejects His Plans Again -- Usually when a political leader gets a public rejection from his followers, he resigns or at very least backpedals on whatever policy got him into hot water. In the case of Israeli Prime Minister Ariel Sharon, a vote against him is something to be ignored. The Likud Party's central committee held a ballot on whether to OK the PM's plan to offer the Labour Party a coalition government to oversee Mr. Sharon's plan to withdraw from Gaza. The "no" vote go 58%. Mr. Sharon's office yesterday stated, "The PM will find a solution to the problem." The imagination fails.

Google Stock Rises 22% in First Day of Trading on the NASDAQ -- Google, which provides gratis the search capacity found on the index page of this little journal, has gone public (NASDAQ: GOOG). However, this follows a downward revision of the pricing range, a reduction in the number of shares sold, and a few regulatory scares that kept everyone wondering just when the first shares would get traded. At the same time, what is important is that Wall Street managed to get a first day pop out of a stock that was sold in such a way that a decline was more likely than a fall.

Olympic Update Week 1 -- A week ago, the torch was lit and the games began. Since then, the American media has treated viewers to more "Up Close and Personal" feature faux news than should ever be broadcast. At the same time, they have occasionally managed to report a score or show a race. Of course, it helps to have the full satellite or cable package so one can jump from one NBC network to another to see everything. Thus far, a few stories standout.



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Copyright 2004 by The Kensington Review , J. Myhre, Editor. No part of this publication may be reproduced without written consent.