The Kensington Review

5 October 2007

Latest Commentary: Volume VI, Number 120
GOP Legislators Split with President on Kids Health Veto -- As promised, President Bush vetoed the bill that would expand the State Children’s Health Insurance Program at a cost of $35 billion over the next 5 years. Mr. Bush justifies his objection on ideological grounds. “Because the Congress has chosen to send me a bill that moves our health care system in the wrong direction, I must veto it. Our goal should be to move children who have no health insurance to private coverage, not to move children who already have private health insurance to government coverage.” Spoken like a man who isn’t up for re-election because there are a ton of Republicans on Capitol Hill who voted for the bill and oppose his veto.

Iraq-Namese Buy Weapons from Communist China -- With 160,000 US troops in Iraq-Nam, one would think that the US could force the Green Zone government to buy weapons from America’s arms manufacturers. For better or for worse, that doesn’t seem to be the case. Once again, America’s industrial might is being overshadowed by the Communist Chinese dictatorship. On Wednesday, Iraqi President Jalal Talabani announced that his government had purchased $100 million of light weapons for its police from the police-state in the Middle Kingdom. Apparently, the Americans were too slow to deliver the goods.

UK and European Central Banks Keep Interest Rates Steady -- The Bank of England and the European Central Bank decided yesterday to keep interest rates steady. In the UK, despite evidence earlier that another rate hike might be warranted, the rate is 5.75%. In the eurozone, the rate is 4%. The consensus among those who watch this sort of thing is for cuts in the coming months. The debate is about when rather than if.

Vin de Pays de l’Atlantique Debuts in Bordeaux and the World -- For some reason, French wines still carry a certain mystique in some quarters. The truth is California, Australia, Chile and South Africa all produce wines of equal or greater quality, not to mention Italy and Spain. Many have caught on to this, which has resulted in declining sales for French vintners. In an effort to change the trend, the French government created a new umbrella label last year “Atlantique,” and those wines debuted this week.

© 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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