The Kensington Review

19 November 2004

Latest Commentary:

Congressional Republicans Change Rules to Protect DeLay -- The Republican Caucus in the House of Representatives voted on Wednesday to change the way it operates. Now, if a party leader is indicted for a felony, he doesn’t have to step down. Instead, the new rule allows the suspect (because that’s what one is when under indictment) to keep his position while the caucus reviews the case to decide if it is necessary for the alleged felon to resign the post. All of this would be mere housekeeping rule-making except that there is a chance that Texas Congressman Tom DeLay may face indictment shortly.

Russia Ratifies Kyoto Protocol, Enters Into Force in February -- The Russians ratified the Kyoto Protocol yesterday, meaning that enough of the world’s polluters have signed up to put it into effect. According to the Climate Change Secretariat, which services the protocol from its offices in Bonn, Germany, only four industrialized nations are not onboard: tiny Lichtenstein and Monaco, Australia and the US. The Bush administration has refused to ratify Kyoto because it says the deal unfairly exempts China, India and other developing economies. Appeals to environmentalism fall on deaf ears at the White House these days, but failure to ratify and work within the Kyoto framework may ultimately hurt American business interests.

K-Mart and Sears to Merge in $11 Billion Deal -- K-Mart is taking over Sears in a deal valued at around $11 billion. The announcement came as something of a surprise on Wednesday, and the market is still trying to figure out what it means. If anything, it means that Wal-Mart has set the retail agenda for the next decade or longer. And it may prove that Edward Lampert is the next Warren Buffett.

HRH Prince Charles Shows Edwardian Streak -- Elaine Day is a Briton who is in the midst of a legal proceeding against her former employer for sexual discrimination and unfair dismissal. In this, she is not unique. However, the fact that she used to work for the Prince of Wales makes this a bit more noteworthy than some labor tribunal hearings. What has set the British press agog are statements in a letter read into evidence in which His Royal Highness says that modern education has made people uppity. He is, of course, right. A second-class degree at Trinity Cambridge doesn’t qualify one to be King of England, Scotland and Northern Ireland.



Contact us

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