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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Jewish World Review Oct. 23, 2009 / 5 Mar-Cheshvan 5770 Politics of Envy By Linda Chavez http://www.JewishWorldReview.com | No doubt many will cheer executive pay cuts ordered by the Obama administration at companies that received U.S. bailouts last fall, but the celebration will prove short-lived. Obama pay czar Kenneth Feinberg, who has unprecedented authority to dictate pay in the private sector, has told executives at seven companies that their paychecks will be cut by 90 percent this year. In lieu of cash, the top 25 executives at American International Group (AIG), Bank of America, Citigroup, Chrysler, General Motors, and the financing arms of the two car companies will receive restricted stock in their companies, most of which they can't touch for years. On average, their total compensation will drop by 50 percent. So what's the problem with the administration dictating deep pay cuts for a few fat-cat corporate types, especially those whose jobs might not exist now if the taxpayers hadn't rescued the companies they work for? These guys having been making what seem like obscene amounts of money for years. And now that taxpayers are footing some of the bill, why not use the opportunity to roll back pay? But as natural, and tempting, as these sentiments might be, acting on them will be a bad bargain for Main Street as well as Wall Street. If Americans are ever to recoup their investments, we must have the best available talent to return these companies to profitability. Like it or not, that usually means paying top dollar, not punishing the people who will get the job done. And drastically cutting pay will likely lead to an exodus in talent — not only at the very top, but in the layers underneath where much of the work gets done. Why would a chief financial officer at a major bank stick around when he's just seen his actual paycheck reduced by 90 percent, even if he's promised long-term incentives in stock, since those incentives, too, would be less than he formerly made? He could probably walk out the door and sign on with another company or get a partnership in an accounting firm that would pay him far more — and without the hassles and insults. And last I checked, even well-paid indentured servitude was outlawed by the 15th Amendment. Though, who knows, the Obama administration may seek to amend the Constitution to punish executives at companies the feds now virtually control. The populist zeal to seek revenge on those who make a lot of money is targeted almost exclusively at corporations. I haven't heard outcries about Hollywood actors who make millions per film, even when those movies are a bust at the box office and the talent at issue has none. There's no outrage over athletes like New York Yankees third baseman Alex Rodriguez's $33 million salary or Celtic power forward Kevin Garnett's $25 million. Nor should there be. These are exceptionally talented individuals whose teams' owners think they're worth every penny. And that's the point. In the private sector, the people whose investment makes an enterprise possible call the shots. In corporate America, stockholders elect boards of directors to make those decisions. Those boards are coming under increasing pressure to reign in pay, especially if it is not aligned with shareholders' returns. Full disclosure, I know because I sit on boards of two large, publicly traded companies. Citigroup, GM, and some other companies who are in the Obama administration's bull's-eye are now owned, in part, by Uncle Sam — which is why Feinberg can mandate pay changes. But doing so punitively, or to satisfy opinion polls, won't help taxpayers see their money repaid. Indeed, the companies who have already paid back the Troubled Asset Relief Program money they took were able to do so because they turned a profit, in no small part owing to their ability to reward and keep talented executives. J.P. Morgan Chase, Goldman Sachs, and several other banks repaid TARP funds in June — and, in some cases, paid hefty dividends, too. But they also paid big salaries and bonuses. There is no question that executive compensation requires scrutiny and supervision. The question is: Who should be doing it? American capitalism has created enormous wealth, not just for those at the top but for the country as a whole over decades. But in the last couple of years, many Americans have seen their own wealth diminish, so it's natural they'd begrudge others who seem to still rake in lots of money. But the politics of envy won't make anyone wealthier — and they could well make the country, not just a handful of highly compensated executives, a whole lot poorer. 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 Linda Chavez is President of the Center for Equal Opportunity. Her latest book is "Betrayal: How Union Bosses Shake Down Their Members and Corrupt American Politics". (Click HERE to purchase. Sales help fund JWR.) Linda Chavez Archives © 2006, Creators Syndicate

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