The Kensington Review

22 September 2004

Latest Commentary:
Rather Doubts His Own Story -- When CBS ran a “60 Minutes” segment about President Bush’s National Guard service, a can of worms opened. A document that “proved” Mr. Bush disobeyed an order to get a physical and got his performance review improved without merit, shaking the media world for almost a whole news cycle. And now it turns out that CBS news and Dan Rather were duped in the biggest forgery fraud since the Times got taken in over the “Hitler Diaries” twenty years ago. Mr. Rather needs to go, and CBS needs to ask itself whether it is in the news business at all.

Iran Wants Enriched Uranium; Israel Wants Bunker-Busting Bombs -- Despite a severely worded suggestion by the UN that they not bother, the theocrats in Iran decided they needed the Bomb and announced to the world that they had begun the process of enriching raw uranium for “peaceful purposes.” Meanwhile, Israel revealed that the US was going to sell it 500 “bunker buster” bombs, ideal for hitting research facilities deep underground. These developments combined are a far bigger threat to peace in the Middle East than they are alone.

OECD Lowers US Growth Forecast, Raises Europe’s and Japan’s -- While Wall Street’s eyes were on Alan Greenspan and the Federal Open Market Committee meeting (where a rather ill-advised quarter point increase in US interest rates became reality despite the rise in oil prices), the real economic news came from Paris. The Organization for Economic Cooperation and Development, which is based in the French capital, announced that is was dropping its forecast for the US economy while boosting that for Europe and Japan. If correct, this will have far greater impact on capital flows that 25 basis points on the Fed Funds rate ever will. to Investigate.

Kalashnikov Launches Vodka -- Had Lieutenant General Mikail T. Kalashnikov lived in a country that understood intellectual property rights, branding and residuals, the inventor of the AK-47 assault rifle would be a billionaire. But as a servant of the Soviet Union, he got far less. To make up for the short fall in his twilight years, the 82-year-old inventor has created a new vodka. Made from the waters of Lake Ladoga and Russian-grown grain, these shots promise to be more peaceful than the others for which he is responsible.



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