| Kensington Review |
1 April 2024 |
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Cogito Ergo Non Serviam |
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Latest Commentary: Trump Tariffs Will Tank Global Economy -- The United States will levy reciprocal tariffs against other nations that have tariffs on US goods. This is going to adversely affect the volume of global trade, and in so doing, it will undermine every economy in the world. It will spark stagflation, a period of relatively high inflation with relatively high unemployment. The purpose is to create trade barriers that allow domestic industries to tool up and grab market share. While this can work in theory, known as the infant industry argument, the time lag between the price hikes and the development of domestic production will result in a recession, if not worse. [1 April] Le Pen Banned from Politics for 5 Years -- Marine Le Pen, the fascist leader of the French National Rally [RN], is now a convicted felon. The court ruled that she had embezzled funds from the EU. The judge gave her a four year sentence, two of which are suspended and the other two are likely to be served in home detention. She also has to pay a 100,000 euro fine. In addition, she is banned from holding any public office in France until 2030. This means she will not be eligible to run in the 2027 general election. [31 March] US Pulls Stefanik UN Ambassador Nomination -- The personnel in the Trump administration are largely inept and grossly unqualified. The nomination of Congresswoman Elise Stefanik of New York to the position of US ambassador to the UN would not have added greatly to that problem. She has served on the Armed Services Committee, and one believes her background with the Bush the Lesser administration would give her a pragmatism that might make US foreign policy under Mr. Trump a bit less toxic. The world will never know, though, because the White House has withdrawn her nomination. The reason is not personal flaws nor ideological disputes (she left Bushism to be full on MAGA). The administration fears the vacancy her appointment would create in the House would undermine the Republican hold on the chamber.. [28 March] Dems Take PA Senate Seat from Republicans -- The general ineptitude of the Trump administration compounds bad policy with poor implementation. The result of this will be a backlash against the Republican Party and a future Congressional campaign that favors the Democrats. Such a prediction is, of course, not guaranteed to occur, but rather, that is how the odds stack up before the starting gun. One can find early signs of this already, which is a bit quick for the chickens to start coming home to roost, but the American people have been in a grumpy mood for years. [27 March] Russia Weasels out of Black Sea Ceasefire -- The news about discussions in Saudi Arabia regarding peace between Russia and Ukraine was wonderful for a few minutes yesterday. The Ukrainians and the Russians had agreed to a ceasefire between the two in the Black Sea. Russia has not done well there, with the flagship of the Russian Black Sea fleet resting on the bottom. One would think that a partial ceasefire could lead to a total truce. Then, the Russians delivered the fine print. They would only implement the deal when various western sanctions are lifted. Let the killing continue was the only interpretation. [26 March] © Copyright 2025 by The Kensington Review, Jeff Myhre, PhD, Editor. No part of this publication may be reproduced without written consent. Produced using Ubuntu Linux.
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22 Years Online Volume XXIII, Number 55
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