The Kensington Review

3 July 2006

Latest Commentary: Volume V, Number 78
US Pays $1.3 Billion in Farm Subsidies to Non-Farmers -- Farm subsidies are a pretty bad idea in general. They drive up taxes in rich countries while preventing poor countries from successfully exporting produce and developing their economies. However, there is something worse – paying a farm subsidy to non-farmers.

Mexico’s Presidential Election Too Close to Call -- The Mexican people voted yesterday to elect a new president of their republic, a job with a single, six-year term of office. The three main parties have campaigned long and hard, but the leftist Democratic Revolution Party (PRD, by its Spanish initials) and the right-wing National Action Party (PAN) have left the traditional ruling party (Institutional Revolutionary Party, or PRI) a distant third. However, the final result won’t be known until Wednesday at least. Democracy can be messy.

Kerkorian Suggests Partnership Among GM, Renault and Nissan -- Billionaire investor Kirk Kerkorian urged General Motors Friday to consider a three-way partnership with Nissan Motor and Renault. Through his Tracinda Corp. investment vehicle, he owns around 10% of General Motors. While this is an idea out of left field, it shows that someone at GM is engaged in thinking farther out than next quarter.

Germany 2006 Scores Second Fewest Goals -- One of the complaints Americans have against soccer is a perceived lack of scoring. While American football cheats by awarding multiple points for a single touchdown (truly 21-14 is nothing more than 3-2 when counting by 7), basketball spoils fans with offensive success. Yet at the World Cup 2006 thus far, there is a legitimacy to this complaint. With an average of 2.3 goals per match, only the 1990 Cup in Italy had fewer at 2.21.

© 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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