The Kensington Review

2 May 2005

Latest Commentary:

Senate is Last Stop for Estate Tax Repeal -- The tax levied on the very richest of American who expire will raise $400 billion over the next ten years, money the federal government needs if it is going to ever close the $400-$500 billion deficit it runs. But, it is an article of faith in some corners that the "death tax" is destroying American families and throwing widows and orphan into the streets. It isn't true, 9 out of 10 Americans aren't wealthy enough to pay the tax, and those who are can afford it. However, the real reason for retaining the inheritance tax is not economic but rather political.

Non-Proliferation Treaty Conference Convenes -- Delegates of close to 200 nations turned up in New York for a month long conference as called for by the 1970 Nuclear Non-Proliferation Treaty [NPT]. Protesters turned out in lovely spring weather to relive the glory days of the Campaign for Nuclear Disarmament, and the Mayor of Hiroshima told them that The Bomb was bad. As exercises in futility go, the effort to stop the spread of nuclear weapons by gentlemen's agreements rates awfully close to the top.

Warren Buffet Takes Shareholder Questions -- Warren Buffet may not be a particularly smart man in the book-learning sense of the word. However, as the second richest man in America and the richest whose wealth doesn't rely on a mediocre computer operating system, when he talks about investing, it is wise to listen. Over the week-end, his company, Berkshire Hathaway had its annual meeting at which the Oracle of Omaha took shareholder questions. Some of his observations are worth repeating verbatim.

Chelsea Wraps up Premiership Title with Win over Bolton -- Chelsea Football Club wrapped up a the English Premiership Soccer Title Saturday with a solid 2-0 win over sixth place Bolton Wanderers. The last time Chelsea won the championship was 1955, so a great many Blues fans, who have had to listen to trash talk from supporters of Arsenal, Manchester United, and a while back, Liverpool and Tottenham, finally get their own back. Quite a way to celebrate the 100th anniversary of the club's founding.

Copyright 2005 by The Kensington Review, J. Myhre, Editor. No part of this publication may be reproduced without written consent. Produced using Fedora Linux.

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