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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 April 1, 2009 / 7 Nissan 5769

A failing firm may fail. Imagine that

By Roger Simon


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http://www.JewishWorldReview.com | In a startling departure, the Obama administration has decided that the price of failure in America should be failure.


While this principle has always applied to ordinary Americans, it did not apply to corporate America, where the price of failure has been bonuses and bailouts. Now, President Barack Obama has introduced something else: the boot.


Obama fired Rick Wagoner, the CEO of General Motors, on Friday simply because Wagoner was doing a terrible job and had run GM into the ground.


Wall Street was aghast.


On Monday, in a calm and forceful statement, Obama made clear his reasons. "Our auto industry," he said, "is not moving fast enough to succeed." In exchange for the billions in taxpayer funds some carmakers have already received and the billions more they want, President Obama is demanding "a better business plan."


The stock market plunged. Over the past couple of weeks, after the administration announced the injection of about $2 trillion in what was essentially free money into Wall Street, the market soared.


But now Obama is changing the rules! He is showing a different kind of audacity! He wants companies that get taxpayer dollars to perform as if they operated in the real world and not the Land of Oz.


In the real world, if you build a better car, people will buy it — and if you don't, they won't.


That has never been the operating principle in Detroit, where automakers made clunkers and the Japanese cleaned their clocks.


Wagoner is the guy who axed GM's electric car program and decided SUVs would carry GM into the future. He has been the CEO since 2000, and GM has not shown a profit since 2004.


GM's stock was $70 a share when Wagoner took over and closed at $3.62 per share on Friday. But Michigan Gov. Jennifer Granholm, a Democrat, said Monday on NBC's "Today" show that Wagoner was a "sacrificial lamb."


To me, it looks like the stockholders were the lambs. The lambs led to slaughter.


I feel bad for anybody who gets fired these days, and so I feel bad for Wagoner, though I suspect his golden parachute is large enough to land the space shuttle. His pension is reportedly bankruptcy-proof, and even though he agreed to accept a salary of $1 per year in 2009, he made $5.4 million in 2008 (the same year GM lost $30.9 billion) and $14.1 million in 2007.


And, of course, he had the obligatory private jet, though there is an upside and downside to having a private jet. The upside: You have a private jet. The downside: no frequent-flier miles.


Chrysler is also in big trouble, but Obama has given it 30 days to partner up with Fiat before he pulls the plug. Obama did not fire the head of Chrysler, apparently feeling that, unlike Wagoner, the head of Chrysler was not a complete doofus.


The problems of the auto industry are said to be complex: bloated union contracts, convoluted supplier agreements and a complicated dealership system.


But anybody who has bought a car over the past few decades knows the problem is really simple: Detroit needs to build cars that taxpayers actually want to buy instead of cars that taxpayers are forced to subsidize.


Do you know when Detroit will turn the corner? I do.


Detroit will turn the corner when you go to the rental car desk and the person behind the counter offers you a Toyota or a Buick, and you pick the Buick.


Wake me when that happens.

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© 2009, Creators Syndicate