The Kensington Review

22 August 2008


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Latest Commentary: Volume VII, Number 100
Federal Court Backs States against EPA -- One of the ways in which the Bush administration is clearly not conservative is in its preference for national non-regulation of business as opposed to local and state regulation thereof. In a federal appellate court earlier this week, that view got a kick in the teeth when the Environmental Protection Agency’s prohibition on state and local governments’ supplemental environmental monitoring efforts got overturned. The American federal system appears to be more than a fairy tale.

US, Poland Sign Anti-Missile Defense Deal -- If the idea is to annoy Russia, then the US-Polish anti-missile defense deal signed earlier this week is a masterstroke. If its purpose is to protect Poland and other parts of Eastern Europe from missile attack, it’s premature at best. If its intention is to enhance American power, it does the opposite.

CFTC Report Shows One Firm Held 11% of NYMEX Oil -- Although the Commodities and Futures Trading Commission didn’t actually name the company, a private Swiss energy conglomerate called Vitol controlled 11% of all the oil contracts on the New York Mercantile Exchange as recently as July. At the end of July, four swap dealers held 1/3 of the market. Further, the CFTC says that 81% of the oil contracts traded on the NYMEX are held by financial firms speculating for their own accounts or for clients. This is not a clean and fair market.

Paulos Reasons against God in Irreligion -- “Are there any logical reasons to believe in God?” asks John Allen Paulos in the preface to his newest book Irreligion: A Mathematician Explains Why the Arguments for God Just Don’t Add Up. After 149 pages, he stops writing the “why” of his answer, but it’s quite clear from the first lines that the answer is “no.” This book will infuriate the religious because it attacks religion for daring to be more than belief without evidence in the unseen and unknowable.

© 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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