The Kensington Review

23 April 2008


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Latest Commentary: Volume VII, Number 49
Clinton Carries Pennsylvania by 10% -- In what the media had decided was a “must-win” for Senator Hillary Clinton, her campaign in Pennsylvania yesterday scored a solid victory over Senator Barack Obama. With more than 2 million votes cast, Mrs. Clinton had a 55% to 45% lead with 99% of the precincts reporting. This will allow her to keep the donors happy and to continue her campaign. The problem for her is it doesn’t bring her very much closer to the nomination.

Chinese Arms Shipment Fails to Reach Zimbabwe -- The kleptocracy of Robert Mugabe that has run Zimbabwe, one of Africa’s richest places, into the ground recently tried to buy some weapons from the People’s Republic of China. According to media reports, The merchant vessel An Yue Jiang is carrying 1500 rocket-propelled grenades, 3,000 mortar rounds and mortar tubes, and three million rounds of AK-47 ammunition for Mr. Mugabe. Because Zimbabwe is landlocked, the vessel put into Durban, South Africa, where dockworkers refused to unload it. Mozambique and Angola have refused to let the ship dock. Reports are that it is headed back to the PRC.

Royal Bank of Scotland Needs $23.9 Billion -- The Royal Bank of Scotland needs to raise $23.9 billion to cover its loan losses after announcing an additional $11.7 billion in bad debt. It is expecting further write downs. So, it is asking its shareholders for money. It will offer them 11 new shares for every 18 they have at 200 pence each, the largest rights issue in Europe these days. Yesterday, it traded at 360.25 pence, quite a discount is on offer.

Poor American Women See Shorter Life Expectancy -- One of the hallmarks of industrial civilization and the rise of medicine has been an increasing life expectancy. Back in the bad old days, making it to 30 was an accomplishment. Now, people live twice that long and still are active and young(ish). However, a study published in a journal of the Public Library of Science shows that poorer American women are seeing a decrease in their life expectancy.

© 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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