No bills of any importance will also be accomplished in the Senate, with a senile old man called Harry Reid of Nevada.

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Given the importance of public money to professional sports revenues, it should be no surprise that NHL commissioner Gary Bettman rushed to Phoenix this week to fly cover for yet another proposed taxpayer giveaway.

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By encouraging ordinary people to buy shares, it can be argued that the real importance was the message that stocks and shares were no longer the domain of the exclusive elite a real political change.

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There is no hint of it in the communique, but the real importance of the meeting will be if Angela Merkel has got the message and is prepared to act on it.

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Certainly, there should be no additional liberalization of COCOM controls that would facilitate Moscow's efforts to obtain dual-use technologies of incalculable importance to Soviet defense modernization.

CENTERFORSECURITYPOLICY: Center For Security Policy