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| Latest Commentary: | Volume VII, Number 54 |
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London’s Politicians Can Teach America’s -- The recent race for the job of Mayor of London was a hard fought and sometimes nasty campaign led by Labour’s incumbent Ken Livingstone and the Conservative’s Boris Johnson. In the end, Mr. Johnson won with 1,168,738 first and second preference votes to Mr. Livingstone’s 1,028,966. After the winner was declared, they acknowledged that they were all Londoners first, and party members second. It is an excellent lesson for the supporters of Senators Clinton, McCain and Obama.
Tories Win British Local Elections -- Britain’s local elections on Thursday came on the 11th anniversary of Tony Blair’s victory over the Conservative Party. Apparently, 11 years has been long enough for most British voters. As the count continued Friday and into the week-end, it was clear that Labour had its worst result in 40 years (coming in third in the overall vote), losing 331 councilors’ seats, losing control of 9 local councils (out of 159 total), and losing the race for London’s mayor. Gordon Brown has 2 years to recover before he must call a general election, but that might not be enough time. Microsoft Withdraws Yahoo Bid -- About three months ago, Microsoft made a bid for Yahoo of $29.40 a share at a time when Yahoo’s stock was trading at $19.20 a share. Yahoo hesitated, and after a time, Microsoft relented and upped its offer to $33 a share, for a total of $47.5 billion. Yahoo decided it wanted $37 a share, or about $53 billion. Microsoft has dropped the whole idea now, and Yahoo’s stock is likely to head back into the teens, a fine example of the Wall Street adage, “Bulls make money, bears make money, hogs get slaughtered.” HP Engineers Discover Memristor -- In a field as mature as electrical engineering, one rarely finds a new fundamental idea. However, rarely doesn’t mean never. In 1971 researcher Leon Chua of the University of California, Berkeley, theorized that there is, in addition to inductors, capacitors and resistors, a fourth building block which he dubbed the memory resistor, or memristor. Physicist Stanley Williams of HP Labs has just built one. © 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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