The Kensington Review

3 March 2008


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Latest Commentary: Volume VII, Number 27
Medvedev Wins Russian Presidency -- Tsar Vladimir Vladimirovich Putin’s hand-picked successor for President of the Russian Federation, Dmitry Anatolivich Medvedev, was easily elected in yesterday’s polling, securing 70.23% of the votes cast. Far behind was Gennady Andreyevich Zyuganov of the Communist Party (which really isn’t communist) with 17.76% of the vote. Third place went to Vladimir Volfovich Zhirinovsky of the Liberal Democratic Party (it is neither) with 9.4%. Turn out was almost 70%. The process was so rigged that none of this was a surprise.

Chavez, Correa Rattle Sabers against Colombia -- The armed forces of Colombia attacked a guerrilla outpost of the Fuerzas Armadas Revolucionarias de Colombia [FARC] against whom they have been fighting for decades. They crossed the border into Ecuador to kill 17 including Luis Edgar Devia, one of the top guerrillas. In response, Venezuela’s Hugo Chavez ordered tanks, planes and thousands of troops to the Venezuelan-Colombian border. Ecuador’s president Rafael Correa also mobilized troops and kicked out the Colombian ambassador. The true colors of these leaders are showing.

Buffet Sends a Shareholder Letter -- The Sage of Omaha, Warren Buffet, sent his shareholders a letter on Friday that has some poignant insights for anyone who participates in the US economy. Why? Because he can start his letter thus, “To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2007 was $12.3 billion, which increased the per-share book value of both our Class A and Class B stock by 11%. Over the last 43 years (that is, since present management took over) book value has grown from $19 to $78,008, a rate of 21.1% compounded annually.”

Ed Lucas Warns of the New Cold War -- Edward Lucas of the Economist and a friend of 25 years’ standing has written what may be one of the most readable yet exhaustively researched books on modern Russia since the end of communism. The New Cold War: Putin's Russia and the Threat to the West explains how democracy got a bad name in Russia, how the secret police have taken over the apparatus of the state and how the West needs to respond.

© Copyright 2008 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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