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| Latest Commentary: | Volume VII, Number 99 |
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VP Picks and Political Realities -- The Obama campaign, and the McCain camp to a lesser degree, have managed to work the American media into a frenzy over who’s going to be selected as the vice presidential nominee for both parties. They talk about balancing the ticket, about selections to win over battleground states and about unifying the party. This is both tosh and piffle. Who gets picked for vice president only matters when the president wakes up dead.
Pakistan’s Musharraf Quits as President -- Pakistan’s President, Pervez Musharraf, finally managed to read the handwriting on the wall and resigned on Monday. He had lost whatever credibility he may have had after his manipulation of the electoral process and the declaration of an emergency last year. Most of his time in office was spent trying to acquire a legitimacy that the coup d’etat by which he took power never provided. His departure will help, but it isn’t enough to right Pakistan’s ship of state. US Wholesale Prices Rise Fastest in 27 Years -- The US Labor Department has released its Producer Price Index for July, and it stands at 1.2% for the month, 9.8% since last July. The last time the number was higher was back in June 1981 (six months into the Reagan Years); then, the 12-month figure was 10.4%. What’s troubling is the PPI tends to be a leading indicator, meaning that inflation is going to get worse before it gets better at the consumer level. Beloit College Issues Mindset List for the Class of 2012 -- Beloit College is a small institution of higher learning, located in Beloit, Wisconsin, right along the Illinois border. Each year at this time, the college grabs some headlines for itself by issuing what it calls the “Beloit College Mindset List.” The college says "it provides a look at the cultural touchstones that shape the lives of students entering college." What it really does is remind the parents of college kids just how long ago their own college days were. © 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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