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Feb. 8, 2013

Rabbi Berel Wein: Lofty ideals must be followed with grounded applications

Clifford D. May: Letter from the West Bank
Steve Rothaus: Judge OKs plan for gay man, lesbian couple to be on girl's birth certificate
Gloria Goodale: States consider drone bans: Overreaction or crucial for privacy rights?
Environmental Nutrition Editors: Don't buy the aloe vera juice hype
Michael Craig Miller, M.D.: Harvard Experts: Regular exercise pumps up memory, too
Erik Lacitis: Vanity plates: Some take too much license
The Kosher Gourmet by Susie Middleton: Broccoflower, Carrot and Leek Ragout with Thyme, Orange and Tapenade is a delightful and satisfying melange of veggies, herbs and aromatics
Feb. 6, 2013

Nara Schoenberg: The other in-law problem

Frank J. Gaffney Jr. : A see-no-jihadist for the CIA
Kristen Chick: Ahmadinejad visits Cairo: How sect tempers Islamist ties between Egypt, Iran
Roger Simon: Ed Koch's lucky corner
Heron Marquez Estrada: Robot-building sports on a roll
Patrick G. Dean, M.D.: Mayo Clinic Medical Edge: How to restore body's ability to secrete insulin
Sharon Palmer, R.D.: 3 prostate-protecting diet tips
The Kosher Gourmet by Emma Christensen 7 principles for to help you make the best soup ever in a slow cooker
Feb. 4, 2013

Jonathan Tobin: Can Jewish Groups Speak Out on Hagel?

David Wren: Findings of government study, released 3 days before Newtown shooting, at odds with gun-control crusaders
Kristen Chick: Tahrir becomes terrifying, tainted
Curtis Tate and Greg Gordon: US keeps building new highways while letting old ones crumble
David G. Savage: Supreme Court to hear case on arrests, DNA
Harvard Health Letters: Neck and shoulder pain? Know what it means and what to do
Andrea N. Giancoli, M.P.H., R.D.: Eat your way to preventing age-related muscle loss
The Kosher Gourmet by Diane Rossen Worthington Baked Pears in Red Wine and Port Wine Glaze: A festive winter dessert
Feb. 1, 2013

Rabbi Dr. Tzvi Hersh Weinreb: Redemption

Clifford D. May Home, bloody, home
Christa Case Bryant andNicholas Blanford Why despite Syria's allies warning of retaliation for Israeli airstrikes, the threats are likely hollow
Rick Armon, Ed Meyer and Phil Trexler Ex-police captain cleared by DNA test is freed after nearly 15 years
Harvard Health Letters: Could it by your thyroid?
Sharon Palmer, R.D.: When 'healthy food' isn't
Sue Zeidler: Coke ad racist? Arab-American groups want to yank Super Bowl ad (INCLUDES VIDEO)
The Kosher Gourmet by Nealey Dozier The secret of this soup is the garnish
January 30, 2013

Allan Chernoff: Celebrating 'Back from the Dead Day'

America isn't a religious country? Don't tell Superbowl fans!
Mark Clayton Cybercrime takedown!
Germany remembers Hitler rise to power
Israel salutes U. N. --- with the one finger salute
Sharon Palmer, R.D.: Get cookin' with heart-healthy fats
Ballot riles Guinness World Records
The Kosher Gourmet by Elizabeth Passarella Potato, Squash and Goat Cheese Gratin
January 28, 2013

Nancy Youssef: And Democracy for all? Two years on, Egypt remains in state of chaos

Fred Weir: Putin: West is fomenting jihadi 'blowback'
Meredith Cohn: Implantable pain disk may help those with cancer
Michael Craig Miller, M.D. : Ask the Harvard Experts: Are there drugs to help control binge eating?
David Ovalle Use of controversial 'brain mapping' technology stymied
Jane Stancill: Professor's logic class has 180,000 friends
David Clark Scott Lego Racism?
The Kosher Gourmet by Mario Batali The celebrated chef introduces us to PANZEROTTI PUGLIESI, cheese-stuffed pastry from Italy's south


Jewish World Review April 15, 2009 / 20 Nissan 5769

Obama is Right about one thing

By Dick Morris & Eileen Mc Gann


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http://www.JewishWorldReview.com | If your philosophy is that government can do everything better than the private sector, eventually you'll luck out and hit one area where that otherwise nutty philosophy happens to be true. President Obama's plan to end private student lending and channel all loans through the direct federal program is the right way to proceed.


Ever since Bill Clinton initiated the direct student lending program, it has offered lower-cost loans to students and given them an alternative to the high-handed rip-offs to which they are exposed when the funding comes from private lenders. The special interests — particularly Sallie Mae, the leading student lender — forced Clinton to allow private lending alongside the government program. Now Obama is trying to eliminate it. And wisely so.


This issue has nothing to do with growing government. The taxpayer already subsidizes the interest rate and guarantees the loan, whether through direct public lending or private firms. The issue is: Should the lenders make a profit, or should the student pay a lower interest rate?


Private lenders charge more than the government does in interest and are particularly vicious in their collection practices. Even though the government pays them 97 percent of the principal and interest should a student default, the lenders vigorously pursue collection, since they get to keep more than half of whatever they get even after the feds have repaid them for almost the full value of the loan. These loans, which are not dischargeable in bankruptcy, may not be refinanced. Once you take out the loan, you are stuck, even if interest rates should drop decisively.


And the private student lending industry has been rife with corruption, as various lenders give personal gifts and philanthropic donations to colleges and universities in an effort to encourage them to steer needy students to private, not public, loans. This corruption has been exposed repeatedly by both former New York Attorney General Eliot Spitzer and the current A.G., Andrew Cuomo. Of course, the private lenders pay bribes to get college financial aid officers to recommend to unknowing students that they borrow from them. Why else would a kid pay more interest to get a private loan than a public one?


Particularly interesting is Obama's plan to recycle the savings from replacing the private program with a public one into the Pell student grant program. With almost $100 billion in savings projected over the next decade, the tradeoff is very attractive.


To battle against Obama's program, the private lenders have hired former Clinton Deputy Attorney General Jamie Gorelick to lobby against it. Gorelick has great credentials to fight for Sallie Mae. She sat on the board of Fannie Mae (no relation) as it piled up billions in subprime lending obligations and got out in time to collect millions in bonuses.


Before that, she made sure that the left hand did not know what the right hand was doing in the Justice Department anti-terror investigations. As a result, we could not open the laptop computer of the 20th hijacker and did not get the wire transfer data it contained for the other 19 hijackers until after 9-11. Now, she is capping off that brilliant career by trying hard to make kids pay more for college.


Republicans and some Democrats — who are beholden to Sallie Mae and other private lenders for their generous campaign contributions — will try to pretend that this issue is one of big government vs. small government. It is not. The issue, in its starkest terms, is high college costs vs. somewhat lower costs. Our kids, and their parents, deserve a break.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


JWR contributor Dick Morris is author, most recently, of "Fleeced: How Barack Obama and Hillary Clinton, Media Mockery of Terrorist Threats, Liberals Who Want to Kill Talk Radio, the Do-Nothing Congress, Companies ... Are Scamming Us ... and What to Do About It". (Click HERE to purchase. Sales help fund JWR.) Comment by clicking here.



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