The Kensington Review

29 August 2007

Latest Commentary: Volume VI, Number 104
Edwards Proposes “Anti-Brownie” Law for Federal Employees -- Democratic presidential candidate John Edwards has offered an interesting idea. He has dared to suggest that people with a certain degree of professional competence should be given high level government work instead of rewarding political hacks for their past and future support. “It’s an absolute travesty to have people who are essentially political hacks in a very responsible position,” he told an audience at the University of New Orleans earlier this week. Amen.

Turkey Elects Gul President After All -- The Turkish parliament has elected Abdullah Gul, the foreign minister, as Turkey’s president. The candidate of the Justice and Development Party [AKP, by its Turkish acronym] is a bit more of a Muslim fundamentalist than, say Mustafa Kemal Ataturk. As a result, his almost-election in April had the army threatening a coup. This was averted by a snap election, but now, Mr. Gul has been constitutionally chosen by a parliament that was itself recently voted in by the people. The military should let the man do the job for a while before deciding he’s working to destroy Turkey’s secular democracy.

Carlyle Has to Prop up Listed Fund with Second Loan -- Private equity firm, Carlyle Group, has had to make a second loan ($100 million) to its Carlyle Capital Corporation [CCC] unit after CCC lost a bucket of money. Having been a publicly traded entity since July 4, on the Euronext Amsterdam exchange, CCC has come under shareholder attack for losing the money but also for poor communications. Throw in excessive concentration in the US mortgage-backed securities market and leverage, and one has a recipe for financial unpleasantness.

iPhone Unlocked by Teenager -- George Hotz is a 17-year-old kid from New Jersey who’s off to college. He doesn’t need to study engineering, because he’s already proved he’s one of the brightest bulbs in the box. He figured out how to unlock the iPhone so it can be used by carriers other than AT&T. In his spare time, he’s going to do some consulting work for Certicell and Puremobile. And he’s traded the first phone he unlocked for “a sweet Nissan 350Z and 3 8GB iPhones.” He's keeping the car and sending the phones to three others who helped him. His blog merely goes to show that what one man can lock, another can unlock.

© 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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