The Kensington Review

13 March 2006

Latest Commentary: Volume V, Number 31
GOP Tennessee Meeting Picks Frist in Presidential Straw Poll -- Meeting in Tennessee, the Republican Party spent four days trying to put a good face on a bad year. The media highlight of the conference was Saturday night’s straw poll for 2008 presidential candidates. Favorite Son Senator Bill Frist won with 37% of the vote, Massachusetts Governor Mitt Romney was a surprise second at about 14%, and George W. Bush tied Virginian Senator George Allen for third at 10%. And Senator John McCain won the-craftiest-fellow-in-the-room award.

Milosevic Dies Proving Show Trials are Pointless -- Slobodon Milosevic was largely responsible for the worst genocide in Europe since the Nazis lost World War II. Thanks to him and a few other nationalists on all sides in the Balkans, more than 100,000 people were murdered. When he died from heart failure on Saturday in the fourth year of his trial in the Hague for crimes against humanity, he finally did mankind a service. He proved just how pointless this kind of trial is.

Yank Bid for LSE Would Bring SEC Along -- The London Stock Exchange has been a takeover target for quite some time. Germany’s Deutsche Borse offered £1.35 billion in late 2004 that didn’t pan out. A couple of weeks ago, Australian investment bank Macquarie saw a 580p bid fail to impress the LSE shareholders. Friday, NASDAQ’s £2.43 billion (950p a share) offer received a polite “no.” Over the week-end, the talk was about the New York Stock Exchange’s request to Citibank to investigate the possibility of a rival bid. When the SEC gets involved in European stock trading, the LSE will wish it had taken the 580p from Macquarie.

Venezuelan President Changes Flag -- Venezuelan President Hugo Chavez, a left-wing populist who isn’t running his country very well, has decided to employ misdirection to bamboozle the public. This week-end, he unveiled a changed flag for the country. His opponents held a protest against the change, and presto! No one spent anytime wondering why GDP is up 8.3% this year but unemployment is stuck around 12%, nor why rising oil prices have not brought about a decline in national indebtedness.

© Copyright 2006 by The Kensington Review, Jeff Myhre, PhD, Editor. No part of this publication may be reproduced without written consent. Produced using Fedora Linux.


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