February 10, 2012 Rabbi Nathan Lopes Cardozo: The biblical case against small-mindedness involved diminishing His precious prophet Caroline B. Glick: The Peace Process is over. Finally Lisa M. Krieger: Man with defibrillator demands access to his own heart's information David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage Rachel Koning Beals: Gen X Women Continue to Shrink Gender Investing Gap The Kosher Gourmet by Faith Durand: Who Says You Can't Make Restaurant Favorites at Home?: MANGO AND STICKY RICE February 9, 2012 Jeff Strickler: An argument a day keeps the divorce away, they say Clifford D. May: CAIR's Crusade against The Third Jihad Melissa Healy: Study finds jolt to the brain boosts memory Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation Emily Brandon: 10 Necessities for a Great Retirement Spot The Kosher Gourmet by Diane Rossen Worthington: Winter Squash and Red Swiss Chard Risotto is Colorful Cozy Cold Weather Fare (includes detailed dos and don'ts) February 8, 2012 Rivy Poupko Kletenik: Tree hostility: The auspicious history of the evolution of Tu B'Shevat Steven Emerson: Planting Trees is Racist?! Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups Anne Applebaum: Russia's Potemkin democracy Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs Emily Brandon: 10 Necessities for a Great Retirement Spot The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets) February 7, 2012 Kathleen Hennessey and Christi Parsons: Obama not worried that birth-control move will hurt his re-election chances with Catholics, other faithful Caroline B. Glick: Obama's rhetorical storm Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design David Francis: How to Avoid an IRS Audit The Kosher Gourmet by Emma Christensen: These homemade energy bars (3 recipes) are far better workout fuel than commercial ones, packing power and taste February 6, 2012 Scott Peterson: Iran's top ayatollah: We're trumping the West Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland' Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good Philip Moeller: Where Smart Investors Put Their Money Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard? The Kosher Gourmet by Joseph Erdos: Vegetable Frittata --- leftovers never tasted so scrumptious February 3, 2012 Rabbi Dr. Warren Goldstein: Living with ideals --- in reality Caroline B. Glick: Fool me twice Jonathan Tobin : Adelsonphobia Strikes in Nevada Caucus Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US Kimberly Palmer : 8 Ways to Get Ready for Retirement Now Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling The Kosher Gourmet by Faith Durand: A quick cookie recipe: Hazelnut and Olive Oil Shortbread: Sweet, Nutty, and Savory February 2, 2012 Rabbi Yaakov Rosenblatt : Welcome Home, Governor Perry Jim Carney: Wrong number call may have saved her life Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran Kelsey Sheehy : 5 Tips for Choosing an M.B.A. Concentration Rachel Koning Beals : Investors Increasingly Tap Social Media for Stock Tips Tina Susman: For woodchuck rescuer, every day is Groundhog Day The Kosher Gourmet by Leela Cyd Ross : Savory vegetable pie is a taste of European bistro with minimal effort and maximal flavor February 1, 2012 Nara Schoenberg: What to do when you've been dissed Michelle Malkin: First, They Came for the Catholics Brian Bennett: US officials see increasing threat of domestic attack from Iran Lisa M. Krieger: Possible breakthrough in preventing Alzheimer's Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures Susan Johnston: 5 Apps for Organizing Your Expenses at Tax Time The Kosher Gourmet by Mario Batali: The famed chef's Broccoli and White Bean Soup can easily be a lunch in itself, or a nice antipasto --- and is hard to mess up January 31, 2012 Paul Greenberg: Separation of Church and State works two ways Caroline B. Glick: Hamas and the Washington establishment Frank J. 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Erika Bolstad: Black conservatives gather to talk about gaining strength The Kosher Gourmet by Diane Rossen Worthington: This luscious fruit bread marries toasted pecans with juicy pears. Perfect with a pot of tea January 23, 2012 Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary Stephanie Hanes: Toddlers to tweens: Relearning how to play Jack Kelly : Still ignoring history Rachel Koning Beals: Awkward Questions You Must Ask Your Financial Adviser Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church Ali Safi: U.S. envoy gives Taliban terms for peace talks The Kosher Gourmet by Emma Christensen: Spanakopita is a golden pie that manages to be healthy yet still taste indulgent January 19, 2012 Clifford D. May: How terrorists lose their stigma Suzanne Bohan: Vanquishing social anxieties without drugs Lisa Fernandez and Sean Webby: In alternative lifestyle, domestic violence means men as victims and women being abusers Danielle Kurtzleben: The 10 Best Cities for Finding a Job The Kosher Gourmet by Diane Rossen Worthington: Three bean soup with gremolata January 18, 2012 Edward I. Koch: Why the Crocodile Tears, Hillary? David G. Savage: Supreme Court to Principals: You have been warned George Friedman of Stratfor: Iran, the U.S. and the Strait of Hormuz Crisis Jason Koebler: 'Holy Grail' of Flu Vaccines by Next Year Alex M. Parker: The Off-the-Radar Congressional Targets of 2012 The Kosher Gourmet by Susan Russo: Got soft apples? Make Apple-Maple Walnut Breakfast Quinoa January 17, 2012 Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court Sharon Palmer, R.D.: Believe it or not, your cuppa joe offers potential health perks David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors Confronting the Car Nerds on their home turf --- the Detroit Auto Show (VIDEO; 3 minutes) The Kosher Gourmet by Emma Christensen: Eleventh-Hour Freezer Pasta, Made Interesting: Ravioli with romesco sauce; Tortellini salad with apples and walnuts January 13, 2012 Chief Rabbi Dr. Warren Goldstein: Expansion Of Spirit (PROFOUND yet UPLIFTING) Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time Rachel Koning Beals:Top Complaints About Daily Deal Sites --- how to avoid missteps Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body The Kosher Gourmet by Diane Rossen Worthington: Braised Oxtail Stew with Olives January 12, 2012 Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups Warren Richey: Supreme Court says no to new rule on eyewitness testimony Ken Dilanian and David S. Cloud: In secret study, CIA and 15 other U.S. intelligence agencies warn Obama against leaving Afghanistan too soon John Fauber : Statins found to raise diabetes risk in postmenopausal women Katy Hopkins : Consider This Before You Pay for an Online Degree Menachem Wecker : 4 Technology Must Haves for Online Students The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream January 11, 2012 Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US David G. Savage: High court signals it won't be loosening TV's 'indecency' rules Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules Rachel Koning Beals: Should You Invest in Bond Funds or Individual Issues? The Kosher Gourmet by Faith Durand : Colorful Lentil Salad with Walnuts and Herbs January 10, 2012 Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations Paul Bedard: Study: Is Fox Too Balanced? Rachel Koning Beals: Is it Time to Move into Homebuilder Stocks? The Kosher Gourmet by Carolyn Malcoun: Brothy Chinese Noodles Half the Sodium (and More Than Twice the Fiber!) January 9, 2012 Caroline B. Glick: The land-for-peace hoax (MUST-READ/FORWARD/SHARE) Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court Bonnie Miller Rubin: The new college-admission essay: Short and tweet(ish) Rachel Koning Beals: Why Mid-Caps Stand Out in This Slow-Growth Stretch The Kosher Gourmet by Diane Rossen Worthington: Cumin seed roasted cauliflower with salted yogurt, mint and pomegranate seeds January 6, 2012 Jonathan Rosenblum: Greatness --- and those who sully it Clifford D. May: The Historian, the Diplomat, and the Spy Paul Bedard: Study: Obama Is Late Night's Biggest Joke Rachel Koning Beals: An Investing Guide to Closed-End Funds The Kosher Gourmet by Faith Durand: Slow Cooker Peppered Beef Shank in Red Wine

Jewish World Review Nov. 18, 2008 / 20 Mar-Cheshvan 5769 The largest heist in America's history — and it's legal By Ed Koch http://www.JewishWorldReview.com | Not so long ago, Secretary of the Treasury, Henry Paulson, joined by Chairman of the Federal Reserve Ben Bernanke, proposed a strategy to Congress for dealing with the financial crisis. As I recall, Paulson and Bernanke said the biggest and most immediate problem was liquidity: unless the federal government took action, lending by banks to other banks and to consumers and businesses, which has stopped, would not begin again. In fact, the banks took the money and did not lend it to consumers and businesses, but are purchasing other banks. What an outrage. The largest heist in America's history, only it's legal. Our economy does not grow, indeed quickly diminishes, when businesses, large and small, are unable to obtain short and long term loans to deal with payrolls, purchases and expansion measures. Congress was not convinced but Paulson assured the House and Senate that if the bailout bill did not pass, Congress would be responsible for driving the U.S. economy into another Great Depression like the one that almost destroyed America in the 1930s. In 1933, President Franklin Delano Roosevelt, who inherited a devastated economy from Herbert Hoover, took heroic measures to get America going again. At age 83 I remember that era well. Nevertheless, even with FDR's New Deal reforms, the U.S. did not come out of the Depression until 1941, when World War II and the war-driven economy put the entire country back to work. At the height of the Great Depression, unemployment reached 25 percent. Today, according to The New York Times on November 17th, "The unemployment rate was likely to peak at 7.5 percent by the third quarter of 2009...The unemployment rate rose to a 14-year peak of 6.5 percent in October." Even with the threat of another Great Depression hanging over their heads, the House of Representatives refused to vote for a bill that gave the Secretary of the Treasury unlimited power to spend as he saw fit $700 billion dollars. This money was intended to secure liquidity in the country's financial institutions by buying their so-called "toxic assets." The bill gave the Secretary stunning powers, which could not be appealed to any court. He was to be immune from any oversight whatsoever. A sufficient number of House members, to their great credit, refused to go along and the legislation was defeated by a vote of 228 to 205. Paulson and Bernanke, joined by all of the major economic leaders of our country, went to work and got the Senate to pass a slightly improved bill, providing among other things, that while the Secretary would continue to administer the fund with enormous unilateral power, he could only disperse half of the fund, $350 billion, after which he would have to seek to get the Congress to release the balance. This would give Congress the opportunity to add additional conditions, if they were needed. To date, Paulson has committed all but $60 billion of the $350 billion fund under his control. This extraordinary legislation passed the House by a vote of 263 to 171, having passed the Senate earlier by a vote of 74 to 25, and was immediately signed into law by President Bush on October 3rd. Six weeks later, Paulson announced he had made a mistake in his approach to correcting the liquidity problem and wants now to modify his future strategy. He will no longer buy "toxic assets," but take an equity position in financial firms. It is not clear to me if he is seeking Congressional approval for that, but probably so, because Congress must agree to allow him to expend the balance of $350 billion. In the meanwhile, liquidity has not been achieved. What the Treasury Secretary has done is expand the categories of applicants seeking to obtain money from the $700 billion spigot. He has approved loans to banks, also to General Motors, Chrysler and Ford for $25 billion with an endorsement of their request for another $25 billion to the automakers coming from TARP, and he has dispensed or agreed to dispense, a total of $150 billion to the gigantic insurance company, A.I.G. The name of the program, TARP (Troubled Asset Relief Program), is an apt one, since tarp is a nautical term for cover, and we now have, in addition to all our other problems, a cover-up engaged in by Secretary Paulson who refuses to provide details of the loans he made in response to FOIL requests of the media. Recently, someone wrote to me, commenting on my suggestions on dealing with liquidity and the sub-prime mortgage crises. First, I suggested that banks receiving bailout funds agree to commence lending to creditworthy applicants or not be eligible to receive the funding. Second, bankruptcy judges, who are court officers, should be given the power to evaluate the mortgages before them and make independent decisions on modification, as they do other contracts before them. I believe that banks, knowing that an independent authority can make such decisions, will prefer to negotiate directly with the mortgagor, rather than have a decision imposed upon them by a judge. The writer stated, "I'm not anything like an expert on banking and mortgages, but your message on a pure common sense basis sounds both right and reasonable." I wrote back, "The experts have failed us...so don't be too humble." Adding to the public's outrage was the position taken by President Bush at his appearance at the U.S. Sub-Treasury Building on November 13th. With the stock market in freefall and the unemployment rolls rising daily, he defended his administration's failure to regulate the stock market and the mortgage market. He said, "The crisis was not a failure of the free-market system, and the answer is not to try to reinvent that system...Free-market capitalism is far more than an economic theory. It is the engine of social mobility, the highway to the American dream....We must recognize that government intervention is not a cure-all. History has shown that the greater threat to economic prosperity is not too little government involvement in the market, but too much." Bottom line: there is a shocking lack of leadership in Washington and throughout our financial system. Is it unfair to say that the lunatics have been — and still are — running the asylum? 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 Edward I. Koch, the former mayor of New York, can be heard on Bloomberg Radio (WBBR 1130 AM) every Sunday from 9-10 am . Comment by clicking here. Archives © 2008, Ed Koch

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