The Kensington Review

19 September 2007

Latest Commentary: Volume VI, Number 113
Clinton Offers Hillary Care Mark II -- Over a dozen years ago as First Lady, Hillary Clinton led a feeble and failed attempt at reforming American healthcare. Her plan was unworkable, intricate, and designed largely to ensure that a single payer system never arose in the US. Now as Candidate Clinton, she’s back with a $110 billion reworked plan that will be more saleable, but it’s a plan that doesn’t attack core issues.

Pakistan’s Musharraf Will Quit Army if Re-Elected President -- President Pervez Musharraf of Pakistan is also the military’s chief of staff there. The Supreme Court of that country started in on a debate Monday, which continues, as to whether he could run for re-election without giving up his uniform. The Electoral Commission has already voided the rule that says retiring state servants must wait 2 years before running for office, claiming it doesn’t apply to the presidency. To entice the court to back him, Mr. Musharraf’s lawyer has said the president will leave the army if re-elected.

Fed Cuts Interest Rates 0.50% -- For the first time in 4 years, the US Federal Reserve unanimously has cut the discount rate by 50 basis points to 4.75 % from 5.25%. Following a surprise cut a couple of weeks ago in the Fed funds rate, this reduction signals that the Fed is taking seriously the credit crunch that has spread from the US subprime mortgage market to other parts of the economy and other parts of the world. It is a case of getting the result right for the wrong reasons, but the world is better off for it anyway.

SpiralFrog’s Free Music Site Disappoints -- SpiralFrog is a free music web service that could have been great. The premise is to give visitors access to music for free that they may download in exchange for watching ads. It’s the broadcast radio model brought to the internet. So why, after two days out of beta testing, does the whole thing feel like a swindle?

© 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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