The Kensington Review

22 September 2008


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Latest Commentary: Volume VII, Number 113
US to Bail Out Financial System -- Henry Paulson, America's Treasury Commissar, has led an effort to convince President Bush to rescue the financial system to the tune of $700 billion. As this is posted, Congress is working out the legislative details. It is the least bad option, but it is far from a good one.

Mbeki Forced Out as South Africa's President -- The African National Congress voted over the week-end to demand the resignation of South African President Thabo Mbeki. Mr. Mbeki has agreed to go. A successor has yet to be named. However, this isn't a crisis. It's proof that South Africa is a functioning republic.

Alitalia Facing Liquidation -- While most of the financial world focused its attention on the socialist takeover of the US economy, the special administrator who runs Italy's Alitalia airline was preparing to make one last try to sell off the troubled carrier. Last week, unions refused to go along with the conditions demanded by a potential rescuer. Today's public tender is its last chance to keep flying.

Yankees Win Last Game in Babe’s House -- Baseball is the most traditional of America’s sports. In a drive the rake in more corporate money, though, teams have been knocking down old stadia and erecting more profitable ball parks. Yesterday, the New York Yankees (Satan’s team) played their last game in the House that Ruth Built. Next year, they’ll play at a more modern, less historic and entirely unnecessary new field.

© 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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