The Kensington Review

22 August 2005

Latest Commentary: Volume IV, Number 100
Feds May Seize Congressman’s Home -- Congressman Randy "Duke" Cunningham is a member of the House intelligence committee and the appropriations sub-committee that controls defense spending. US prosecutors have filed a lawsuit to take his home because they claim it was bought with money obtained through bribery. The congressman has decided not to seek a ninth term. His unwillingness to resign, however, hampers the Republican Party’s efforts to put a fresh face in place before the election next year, but the ugly part of this is the government’s secrecy.

IMF Gives Iraqi Reconstruction Poor Marks -- The International Monetary Fund Emergency Post-Conflict Assistance program keeps an eye on the Iraqi economy and the reconstruction of the country. Its latest report is not all that promising. While each political actor on the stage has his own ax to grind and therefore his own interpretation of the facts, this is one instance where statistics give a pretty accurate picture of the progress thus far -- and it isn't enough.

Google’s Strange Offering -- Google, the search engine and darling of Wall Street, is about to sell 14.2 million shares in a new offering. This will bring in about $4.2 billion. The company has no debt and is sitting on $2.9 billion in cash. Google is a fantastic story, but this latest plot twist is confusing. There doesn’t seem to be any reason for this move.

Australia’s Parliamentary Guards Can Use “Mate” After All -- Thanks to Paul Hogan, even Americans know about putting a shrimp on the Barbie. The Aussie version of the English language is a delight to anyone who has been there, or even visited Earl’s Court in London. There is no word that better sums up Australia than “mate” and the underlying idea of “mate-ness.” So it was with no small joy one can announce that the stupid rule banning the term from the vocabulary of Parliament Hill security guards is gone.

© 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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