Home
In this issue
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

Congress preparing for a 'cashless society'

By Ian Duncan





JewishWorldReview.com |

W ASHINGTON— (MCT) When Abraham Lincoln allowed the Treasury to print money for the first time in the depths of the Civil War, it was a major innovation born of a pressing reality.

The Union was broke.

Now, 150 years later, in admittedly less dire circumstances, Congress is preparing itself for the next big thing when it comes to money — a future in which payments are made with a wandlike wave of a phone rather than the exchange of wrinkled pieces of paper.

"We are, I think, on a precipice of some fundamental change in the way money is exchanged between consumers and businesses," Rep. Shelley Moore Capito, R-W.Va., said as she opened the first of a string of hearings in March.

Federally backed paper money allowed the Union to keep fighting the war after the government had burned through its coin reserves and a massive loan from banks, and had been reduced to writing IOUs to pay soldiers.



RECEIVE LIBERTY LOVING COLUMNISTS IN YOUR INBOX … FOR FREE!

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


The greenback government notes, initially conceived as an emergency measure, quickly gained acceptance, with soldiers seeing it as their patriotic duty to spend them. But paper money is a 19th-century technology that has barely changed in 15 decades. Since the mid-1990s, cash has been in decline, according to a Federal Reserve estimate.

It now faces stiff competition not only from credit cards but also from smartphones that promise businesses a way to advertise to customers before they pay or to offer them coupons, sort of like printing a little ad next to George Washington's face or bumping up the value of a dollar bill to a dollar and 15 cents.

"The mobile device becomes a new marketing channel for merchants to use," said Randy Vanderhoof, executive director of the industry group the Smart Card Alliance.

The Federal Reserve found in March that 12 percent of cellphone users had already made a payment through their phones. The same month, almost two-thirds of technology experts surveyed by the Pew Center on Internet and American Life said they expected mobile payments to eclipse cash and credit cards by 2020.

Last year, Google started Wallet, one of the most promising demonstrations of mobile money. It works by linking a phone to a credit card or a prepaid debit card. To pay in a store, a customer passes his phone over a reader at the checkout, sending the information using a technology called near field communication, or NFC.

Google partnered with Sprint, and AT&T, T-Mobile and Verizon teamed up and planned to start their own NFC-based system called Isis this summer. Apple and PayPal are expected to offer ways to pay by phone too.

Although the attention of the country's biggest tech and wireless companies signals a watershed moment for mobile payments, members of Congress and regulators grappled at the hearings with how to make sure the competing systems played nicely together.

Richard Oliver, a retired executive at the Federal Reserve Bank of Atlanta, advocated an "open mobile wallet" that could be stuffed with just as many credit cards, receipts and store cards as a real wallet.

Serious questions about security and privacy need to be answered. There are concerns that hackers could siphon off money without customers noticing.

"The bottom line is that as the mobile payment system evolves it is important . . . to provide proper oversight so that these payments can be secure and convenient," Sen. Tim Johnson, D-S.D., said in March.

Wendell Wolka, a historian and collector of money, points out that a "cashless society" has been predicted for decades.

Despite its limitations, cash offers privacy and is likely to be accepted by anyone, even in the middle of a blackout.

There may also be ways for cash to live side by side with mobile money.

Frustrated by what he considered to be the dull appearance of U.S. paper money, Richard Smith, a creative director at the marketing firm Sullivan, set up the Dollar ReDe$ign Project and received beautiful new designs.

But, he said, "The most interesting ideas I got were those that went beyond traditional currency."

For example, one submission proposed an elegant balance between paper and electronic money. It involved bills printed at home that could also be scanned into a digital account using a phone.

Yasmina Haryono, a Berlin interaction designer on the team behind the idea, said she wanted to give people complete control over their money.


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


Comment by clicking here.


© 2012, Tribune Co. Distributed by MCT Information Services