The Kensington Review

6 August 2007

Latest Commentary: Volume VI, Number 94
Pentagon Loses Track of 190,000 Firearms in Iraq-Nam -- The key to Americaís strategy in Iraq-Nam is to train the locals to handle their own security. To that end, the US has spent $19.2 billion according to the Government Accounting Office. Of that, $2.8 billion has gone on weapons and related equipment. The Pentagon canít account for about 30% of the equipment given to the locals. Thatís 110,000 AK-47s, 80,000 pistols, 135,000 pieces of body armor, and 115,000 helmets.

Opposition Wins Lebanese By-Election -- Two by-elections were held in Lebanon yesterday to replace anti-Syrian legislators murdered in the last several months. That sentence rather sums up Lebanon these days: elections and murder. Sunni Muslim Walid Eido died in a Beirut car bomb in June, and Christian cabinet minister Pierre Gemayel was shot in November. Mr. Eidoís successor is pro-government candidate Mohammad Amin Itani, an expected result. Mr. Gemayelís successor, by about 400 votes is Camille Khoury, of the Free Patriotic Movement led by Michel Aoun, a group that has lined up with Hezbollah lately. Things are getting ever messier in Lebanon.

Former Home Depot Boss Nardelli to Head Up Chrysler -- As part of the deal to sell off Chrysler to Cerberus Capital Management, former Home Depot boss Robert Nardelli is to be the chairman and CEO of the car maker. At Home Depot, he managed to maintain the stock price only by buying back shares. For this, he earned $38.1 million in 2006. Dumped in January of this year, he got a $210 million golden parachute. Best of all for Chrysler shareholders, he has no experience in the car business.

Baseball Has Week-End of Milestones -- This past week-end, Major League Baseball hit a trifecta of milestones. The most controversial of the three was Barry Bonds tying the all-time home run record of Henry Aaron at 755. The most exciting was Alex Rodriguez hitting his 500th homer. The most impressive was Tom Glavineís 300th career win as a pitcher.

© Copyright 2007 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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