The Kensington Review

13 October 2008


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Latest Commentary: Volume VII, Number 122
Palin Abused Power of Her Office -- The “Troopergate” report came out Friday afternoon, and it was more or less what everyone expected. The 14-member panel investigating the issue decided that Alaskan Governor Sarah Palin abused the power of her office in an attempt to get her former brother-in-law, a state trooper, fired. When she didn’t get that done, she sacked the Alaskan police commissioner. Oddly, the panel also decided not to pursue the case any farther.

No More Need for British Troops in Iraq-Nam -- The Iraq-Namese government has decided it doesn’t need the 4,100 British troops currently in the southern part of Iraq-Nam. Prime Minister al-Maliki said, “We thank them for the role they have played, but I think that their stay is not necessary for maintaining security and control.” The Ministry of Defence expects to begin bringing most of the troops home shortly.

Brown and Darling Save British Banks -- Over the week-end, the British government came to the rescue of three troubled banks, the Royal Bank of Scotland, HBOS and Lloyds TSB. The price tag is £37 billion. In exchange the British taxpayer now has a 60% stake in RBS and a 40% stake in the other two. The BBC’s business editor, Robert Peston, said the announcement would “count as perhaps the most extraordinary day in British banking history” adding it was “an absolute humiliation” for the banks.

Krugman Wins Economics Nobel -- Professor Paul Krugman of Princeton University has won the Nobel Prize in Economics. At a time when world markets are in turmoil due to excessive market fundamentalism, the Swedish Academy has chosen a critic of that approach for this year’s SKr10 million prize. If there is a more deserving economist, one can’t name him.

© 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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