The Kensington Review

31 October 2007

Latest Commentary: Volume VI, Number 131
US Intelligence Budget is $43.5 Billion -- For years, critics of the US intelligence community have tried various ways to get their hands on the exact amount America spends on intelligence collection, analysis, and black operations. After September 11, 2001 and an Act of Congress, the world now knows that the figure is question is $43.5 billion. The Director of National Intelligence was forced to announce it publicly yesterday despite the objections of the professional spooks who feared it would compromise national security. Quite the contrary. This journal wonders if it is enough.

First Lady Elected President of Argentina -- The Argentineans have elected a new president, and she has the same surname as her predecessor, which is not a surprise as the two are married. Cristina Fernandez de Kirchner will succeed her husband Nestor Kirchner. Wags have dubbed her the new “Evita,” and her supporters insist that she is not standing in her husband’s shadow. What is certain is that Argentina has voted for more of the same.

Paulson Supports Strong Dollar as New Currency Lows are Reached -- Some jobs are just impossible. US Treasury Secretary Henry Paulson, for example, was speaking at a meeting in New Delhi, the Fortune Global Forum, where he said, “I’m strongly committed to a strong dollar.” Then, he added, that open markets should set currency rates based on economic fundamentals. One is surprised he wasn’t laughed of stage.

Bush to Give Presidential Medal to Harper Lee -- President Bush is entitled to hand out the Presidential Medal of Freedom, America’s highest civilian award, to anyone he wants. Rank has its privileges. He has picked some really bad candidates for this in the past: George “Slam Dunk” Tenet, L. Paul “Proconsul Jerry” Bremer, and General Tommy “I Don’t Need So Many Troops” Franks. However, Mr. Bush definitely got it right when the White House announced that Harper Lee, the author of To Kill a Mockingbird would receive the medal.

© 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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