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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Feb 24, 2014 / 24 Adar I, 5774

Obamacare may tank a teetering economy within weeks

By Jack Kelly




JewishWorldReview.com | "Beware the Ides of March,” the soothsayer warned in Shakespeare’s play “Julius Caesar.”

A Roman religious holiday, the Ides (15th) of March was the day on which Roman consuls assumed office — and the day Caesar was assassinated.

For the United States, and the world economy, the Ides will be around March 4 this year, predicted Grady Means in October 2012.

Mr. Means isn’t a doomsayer who’s predicted 11 of the last two recessions. He isn’t trying to sell gold, silver or freeze-dried food. He was managing partner of PricewaterhouseCoopers LLP, an assistant to Vice President Nelson Rockefeller and wrote well-regarded books on international finance.

And he isn’t alone in issuing warnings.

“We expect the bottom to fall out by the second quarter of 2014,” Trends Research Institute founder Gerald Celente predicted last October.

Because the dollar is the world’s reserve currency, America is, in effect, the real world bank. Soon there’ll be a run on it, though, because our massive deficits have eroded foreign investors’ faith in the safety of the dollar, Mr. Means said.

The run on the bank “will start suddenly, build quickly and snowball,” Mr. Means said. “Interest rates will skyrocket, businesses will fail, unemployment will go to record levels.”

It will start when we add “another trillion dollars or so” to our debt, Mr. Means wrote in The Washington Times Oct. 25, 2012. The national debt — $16.3 trillion when he wrote those words — is $17.3 trillion now.

The Federal Reserve Board has financed much of our debt by, in effect, printing money. This has kept interest rates near zero, which has been good for banks and the stock market but has clobbered savings and investment and slowed economic growth.

The Fed must stop “quantitative easing” before all our seed corn is consumed. But when it does, “interest rates will go up and the economy will go down,” Mr. Celente said.

The decline in manufacturing orders in January was the steepest in more than 30 years, the latest evidence the U.S. economy is “exhausted,” said David Goldman, who used to oversee bond research at the Bank of America. A little nudge could push it into recession.

Obamacare could provide that nudge — in March.



The entire health-care industry will be at risk if the Obamacare website isn’t working better by mid-March, said the Centers for Medicare and Medicaid Services in December, in explaining why there isn’t enough time to select a contractor to fix it through the normal bidding process.

Healthcare.gov is like “the facade of a house with nothing behind it,” said Larry Kocot of the Brookings Institution. People no longer have (much) difficulty accessing it. But the “back end” — the portion of the website that calculates subsidies and passes on to insurance companies information about enrollees — remains under construction.

Many experts doubt the “back end” can be fixed in time. After the CMS document was made public, Moody’s downgraded the outlook for the health insurance industry to “negative.”

Obamacare has a problem more fundamental than its website. If sign-ups continue at January’s pace, enrollment will fall about 1.4 million short of the 7 million the Congressional Budget Office estimated by the March 31 deadline.

To arrive at her figure of 1.146 million signups in January, Health and Human Services Secretary Kathleen Sebelius counted those who’ve filled out a form but who haven’t paid their first month’s premium, a prerequisite for actually being enrolled. At least 20 percent haven’t paid, according to some reports.

Enrollments fell 29 percent in January from December, with the pace of signups slowing as the month wore on. If enrollments were to continue to decline at that rate, then by the deadline, only a little more than 4 million may be signed up — far short of what’s required to make Obamacare viable.

All of the world’s largest economies are struggling. China is about to prick a credit bubble much larger than the one that subprime mortgages created here.

Deflating so large a bubble gently is tricky, writes Patrick Legland and Wei Yao of Societe Generale. A misstep by China’s rulers could send a deflationary tsunami through world equity markets.

Some folks are passing around a chart of the Dow Jones Industrial Average since July of 2012 that also shows the average for the year and a half before the 1929 crash. They’re eerily similar. The parallels may not continue. If they do, the charts indicate we’re about two months away from the big plunge.

Beware the Ides of March.

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JWR contributor Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration.

© 2014, Jack Kelly

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