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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 December 10, 2013 /7 Teves, 5774

Bank profits rise as taxpayers subsidize employees

By Dan K. Thomasson




JewishWorldReview.com | It has always been a Bob Cratchit/Ebenezer Scrooge sort of business "empty as a banker's heart" and so forth.

Ever get angry with those guys? Most of us have at one time or another for a variety of reasons ranging from disputed balances to impolite and diffident clerks to hidden and frequently raised fees to slow service at the drive through. Gouging seemed like the byword, charging us far more than they would give.

Ever walk into a bank you have been using for years and suddenly realize that the staff seems to change constantly — that no one recognizes you nor you them, that the bank manager or teller with whom you dealt so pleasantly last week has gone somewhere else. In fact that sort of "Twilight Zone" experience seems to be a regular occurrence. Well, there may be a simple explanation for at least some of this endless turnover. It's lousy pay.

You might consider this before feeling guilty about your permanent dismay at the role our commercial banks played in the real estate debacle that ignited the worst recession since the Great Depression and the amount of taxpayers' money spent to rescue them. The rich institutions most of us rely on to protect what little fortune we have managed to accumulate not only have bounced back, they also have found ways to escape a climate of unfavorable interest rates to get even wealthier.

One of these is for you and me to subsidize their under-compensated help. According to a new study by the Labor Center at the University of California Berkeley, more than a third of the nation's 500,000 bank tellers are being partially supported by taxpayers. That is despite the fact that bank profits exceeded $141 billion last year and the median income for the industry's chief executives was a tidy $550 million plus.



Match that against data from the Bureau of Labor Statistics that puts the median annual income of a bank teller $24,100. That's a whopping $11.59 cents an hour, hardly enough to live on without a second job or (and here's the rub) help from tax-supported programs like food stamps and Medicaid. The report says that in New York State alone 39 percent of the bank tellers and their family members are on some sort of public assistance.

Bank employees nationwide receive $534 million from Medicaid and the Children's Health Insurance Program; $105 million worth of food stamps and $250 million for the earned income tax credit. That's nearly $900 million a year in supplemental income.

It's no secret that bank jobs are pleasant but financially unrewarding unless one rises to executive status. It's that image that inspired Charles Dickens to write "A Christmas Carol." The position of handling the money behind the window frequently is held by the young on the make for something better or looking to pay for college. They frequently don't earn overtime or get paid for holidays when the bank is closed.

These bank employees most directly involved with the public aren't alone in their efforts to win a higher wage from their managers and with good reason. The federal minimum still is under $8 an hour and everyone from fast food workers to those laboring in discount stores are seeking local increases as high as $15 an hour. In the Washington area one retailer threatened to reconsider its plans to open several new stores if the local county or city governing boards approved an $11 to $12 wage minimum.

Now it seems lower-level jobs may be jeopardized by technological developments like video conference tellers at ATMs. Whether or not the technology will replace thousands of jobs as protestors claimed the other day in a rally against them or just be used to supplement the work force as the banks claim remains to be seen. The history of this sort of automation is that once it is used, it ultimately brings economy of payroll. In other words, staff reductions.

The American taxpayers will continue to provide the Christmas goose and all the trimmings this year and probably for the foreseeable future because Scrooge, as we all know, wasn't just the figment of a wonderful writer's imagination.

I'm reminded of what humorist Will Rogers once said in a speech before the American Bar Association. He said it was a pleasure and that he hoped "you will invite me back when the other half of your membership gets out of jail."

These guys give new meaning to passing the buck.

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

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11/22/13: The myth vs. reality of President Kennedy

11/04/13: How could NSA spying surprise Obama?

10/01/13: Remember Valerie Plame and her hubby? She -- and her publisher -- hope you do

09/10/13: Public schools need lessons in effective education

08/21/13: NNCAA reforms can't come too soon

08/09/13: Military justice system failing in Fort Hood case

08/02/13: Bradley Manning's case offers cautionary tale

07/30/13: Disciplining students requires perspective

07/23/13: Not quite your great-great-grandfather's log cabin

07/12/13: Courting diversity in college enrollment

06/24/13: Post-arrest DNA collection is justified

06/18/13: Tax reform may have effective Dynamic Duo

06/14/13: Stop outsourcing government secrets

06/10/13: IRS couldn't survive one of its own audits

05/31/13: Higher ed gaining more support from states

05/24/13: Does Obama have Plausible Deniability?

05/20/13: Google Glass is progress at a cost

03/25/13: NCAA's March Madness still scores points

02/27/13: School safety radicals make things considerably worse

02/21/13: Wrestling needs a firm hold on Olympics

02/18/13: Obama may be able to do little about gun violence

12/17/12: When is a majority not a majority?

12/12/12: Government snooping's historical precedent

11/13/12: Petraeus learns a lesson the hard way

10/26/12: High court must settle affirmative action

10/16/12: Report confirms SATs flawed indicator

08/20/12: All the news fit to tweet?

07/27/12: Economic disillusionment marks young voters' views

07/20/12: Will Postal Service follow Pony Express route?

07/13/12: Paterno's statue should be covered up

07/10/12: 8.2 jobless rate endangers Obama's job

07/03/12: It's still the economy, stupid

06/19/12: Mitt Romney's chances look better

06/08/12: Pakistan not an ally worthy of the name

06/05/12: Americans have a right to be bloated

06/01/12: Quota system would dilute school's quality

05/27/12: Even now, Memorial Day means summer camp

05/18/12: Is there a public right to know too much?

05/09/12: American exceptionalism --- exceptional generosity

05/04/12: The Edwards trial is a sorry affair

05/02/12: Common sense needs to be taught . . . to school administrators

04/30/12: We must deal with college student debt rate

04/10/12: At least Ryan has a deficit-cutting plan

04/05/12: Celebrate one-year rent-a-teams?

03/12/12: A kinder, gentler day when fists settled disputes

03/05/12: Do conservatives want a victory or a statement?

02/27/12: Hillary vs. Jeb?

02/17/12: Why wait for the until GOP nominating convention?

02/17/12: Prez is not a god, just a cause of O.G. D.: Obama Governmental Dysfunction

02/13/12: Minor tardiness doesn't warrant court action

02/08/12: College rankings aren't always reliable

02/01/12: Millionaire Fans Watching Millionaire Players

01/30/12: Kiriakou case may plug leaks, stifle democracy

01/09/12: Feds need to find if Brit hackers targeted 9/11 families

12/23/11: NIH flu-strain decision endangers us all

12/09/11: U.S. Postal Service may be beyond saving

11/30/11: Do-gooder gets deserved earful

11/24/11: Lawmakers should pledge to think on their own

11/22/11: Iowa: Vital to GOP now, irrelevant later

11/16/11: Pentagon's ‘senior mentor’ service takes hit

11/14/11: With Congress, expect more intransigence

11/08/11: Paterno's illustrious career faces tarnished end

10/31/11: The FBI is burned by its Boston informants

10/18//11: President Inexperienced again picked style and enthusiasm over caution. He must pay

10/10/11: Prosecutors routinely abuse plea bargaining

10/04/11: In Christie,shades of William Howard Taft

09/27/11: One word for Obama's prospects --- ‘bleak’

09/26/11: Obama quickly running out of time

09/23/11: Big-time college football is now all about the money

09/22/11: A trip to the dentist cleans out your wallet

09/06/11: College rankings a useless exercise

08/31/11: Thankful a mother isn't alive to see this hungry mess

08/30/11: ‘Supercommittee’ should meet in secret

08/22/11: Is college still worth it? Some majors are

08/15/11: Pray for miracle from debt committee

08/09/11: S&P mixes credit ratings with politics

08/08/11: Politics again takes precedence over common sense

08/04/11: In modern society, a distinct pattern of senselessness

07/29/11: A debt solution: Throw the rascals out, all of them

07/21/11: Campaign finance reform --- you're kidding, right!?

07/08/11: Casey Anthony jury did its job

07/05/11: Nailing a prominent figure or institution should come at a heavy risk — and an even greater price if proven a hoax





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