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| Latest Commentary: | Volume VII, Number 40 |
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Jackson Quits HUD under a Cloud -- In the middle of a mortgage crisis, it might be comforting for the president to have a close pal at the Department of Housing and Urban Development. However, a HUD secretary who’s under investigation by a federal grand jury, the FBI and the Justice Department is probably not much help. On Monday, Housing and Urban Development Secretary Alphonso Jackson announced that he was leaving the administration of his friend George “LBJ” Bush.
Zimbabwe Election Chaos Grows -- The Zimbabwe state media have made an unbelievable announcement, namely that Robert Mugabe will face a run-off election against Morgan Tsvangirai for the presidency. The opposition Movement for Democratic Change, Mr. Tsvangirai’s party, meanwhile claims its candidate has secured 50.3% of the vote and has been elected. The run-off is three weeks away, and one anticipates state-sponsored violence and wide-spread fraud. UBS Losses Force out Chairman -- The Swiss bank UBS has lost $37 billion so far as a result of the credit crunch. The worry is that the bank may not be done taking its lumps. Just how did a bank like UBS find itself in such a position? Pure and simple, bad management. The company’s chairman Marcel Ospel is going as a result. US High Schools Have Shocking Drop-Out Rates -- If the slogan is true, that a mind is a terrible thing to waste, then America’s high schools are doing terrible things 1.2 million times each year. America’s Promise Alliance has just issued a report showing that only 70% of America’s high school students graduate on time with a regular diploma and that 1.2 million quit school each year. Former Secretary of State Colin Powell, who founded the APA, said, “When more than 1 million students a year drop out of high school, it’s more than a problem, it’s a catastrophe.” He’s underestimating the problem. © 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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