The Kensington Review

11 October 2004

Latest Commentary:

Congressman Delay Admonished for Ethical Shortcomings, Again -- Tom Delay may be one of the most effective members of Congress. However, that comes at a price, it would seem. The House Ethics Committee has rebuked the Majority Leader not once, not twice, but three times. Mr. Delay has blamed the Democrats in the House, and the Democrats are demanding his resignation as Majority Leader. Both sides are being silly, but the Democrats are being unwise as well.

Howard Wins Fourth Terms as Aussie PM -- Australian Prime Minister John Howard’s National-Liberal Coalition won re-election in Saturday’s vote. With a swing of 2% to the incumbents, and possibly a working majority in the Senate as well as the House, Mr. Howard will wind up as Australia’s second longest serving leader, after semi-legendary Sir Robert Menzies. The American press hailed it as a victory for Australia’s policy of supporting President Bush’s Iraq policy. This would have been news to voters from Perth to Melbourne because the Australian election was about the economy.

Islamic Hedge Fund Starts Operations -- While the hedge fund world’s profits soared, the devout Muslims of the world had to watch the infidels profit while they made do with more paltry gains. Now that the hedge funds have lost some of their allure, The Shariah Equity Opportunity Fund has started trading. It has taken Connecticut-based fund managers Eric Meyer three years and $2 million to set up. However, if successful, Mr. Meyer estimates that there is $300 billion waiting to be managed.

Christopher Reeve 1952-2004 -- Christopher Reeve’s legacy would always have been Superman had he not taken that fall from a horse in 1995. The fall changed everything when it left him paralyzed, leading to a career as a medical activist, for want of a better term. His efforts to “escape the cape,” as he put it, included work with film stars like Michael Caine (“Deathtrap,” “Noises Off”), Vanessa Redgrave (“The Bostonians”), Jacqueline Bisset (“Anna Karenina”) and Anthony Hopkins (“Remains of the Day”). Yet he did fall, and the ensuing nine years of will power in the face of a cruel reality proved that he was a man of steel.



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