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| Latest Commentary: | Volume VII, Number 112 |
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Bush Says Nothing in His Economic Statement -- The President of the United States was scheduled to attend Republican Party fundraisers in Alabama and Florida but canceled the trip. What could be more important than raising funds for the party? According to Mr. Bush, he had to stay in Washington to “closely monitor the situation in our financial markets and consult with my economic advisors.” Based on what he then added, he should have gone on his trip.
Israel’s Livni Opens Coalition Talks -- Israeli Foreign Minister Tzipi Livni won the job of Kadima Party leader by a narrow margin earlier this week. She now is starting talks to find a coalition partner or partners to form a government. If she can’t in the next six weeks, it’s likely that Israelis will go to the polls. SEC Cracks Down on Short Sales -- Short selling has received the blame for much of Wall Street’s current mess. To clamp down on the more aggressive practitioners of this stratagem, the Securities and Exchange Commission has proposed that funds will have to tell the SEC of its short positions daily and that naked short selling cease. Brooklyn Artist Accommodates Lehman Graffiti -- Geoffrey Raymond is a 54-year-old artist from Brooklyn, New York. He doesn’t have the cache of David Hockney or Red Grooms, but “The Annotated Fuld,” his latest painting about Wall Street, might push him in that direction. © 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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