In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
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 Feb. 24, 2009 / 30 Shevat 5769

Our own Lost Decade?

By Paul Greenberg

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http://www.JewishWorldReview.com | " download file Who said, "East is East and West is West, and ne'er the twain shall meet?"

Wait, wait, don't tell me; let me Google it up on my own and call it, in the grand tradition of Tom Lehrer's ditty about Nikolai Ivanovich Lobachevsky ... Research!

Ah, yes, here 'tis: Kipling. Of course.

But no matter what that rip-roaring versifier contended — Orwell called Kipling the best of the bad poets — this country seems determined to follow the same economic policies that Japan did back in the '90s. And achieve the same gosh-awful result: a lost decade.

This still new administration just passed its first, $787 billion spending bill to stimulate the economy. Small potatoes compared to Japan's great (and failed) experiment in the 1990s. During that decade the Japanese adopted ten (10) stimulus packages worth a grand total of $1.4 trillion in today's U.S. dollars, including $500 billion spent just on public works from 1992 to 1998.

The result: Japan's unemployment rate doubled. Its economy mainly just stood still, slowly sinking in the East. If just spending money on the same old failed enterprises could end a recession, Japan should have been booming. It wasn't. Quite the opposite. Welcome to the Lost Decade.

Japanese politicians thought they could go on subsidizing their mismanaged banks and industries indefinitely. The result: They kept their country's economic slide going indefinitely.

Now the masterminds in Washington are making the same super-sized mistake when it comes to the failing and flailing American auto industry.

This time General Motors and Chrysler have asked for another $21.6 billion from the taxpayers on top of $17.4 billion they got just last December. Even then it was clear they would be back soon enough with their hands out.

Can anybody be surprised that the last bailout didn't work? And will anybody be surprised when this one doesn't?

At this point, the prospect is for bailouts as far as the eye and accountants can see.

Ah, but if these automotive giants don't get their billions, they warn, they'll go bankrupt.

Is that a threat or a promise? These outfits have needed to be reorganized, re-capitalized, and generally revitalized for years now. Bankruptcy would be the most direct way to do it.

Call it re-organization, merger, acquisition or any other name that might soften the blow, but only clear, definite action can free these debt-bound giants from the immense hole they've dug for themselves. And want to go on digging.

But instead, they're holding themselves for ransom. ("Give us the money or we'll go broke!")

GM and Chrysler are already shutting down assembly lines and dropping some of their poorest-selling models. Say goodbye to Dodge Aspen, Durango, PT Cruiser, Saturn, Hummer, some Pontiac models ... and who knows how many others by the time all this is over.

A lot of good people, people who've done their jobs and followed the rules, many of whom have been pillars of their church and community, are going to get hurt. Like the kind of small-town car dealers who are the bulwark of every good cause in their community. While the highbinders may float away on their golden parachutes, everybody else could feel the pinch.

But Americans have gone through much worse and not only survived but triumphed. Better a definite crisis now that leads to a new start than unending entropy.

Creative destruction, the economist Joseph Schumpeter called the essence of capitalism. While it's the destruction that may be most evident at the moment, the creativity is already showing. Saturn dealers, for example, are tying to find a way to preserve Saturn as an independent, freestanding, international company.

Why let these huge moribund corporations divest themselves of this or that branch piecemeal as they founder? Are they likely to do any better at shutting down their unprofitable branches than they did adding them?

Why not do the job for them? It needs to be done quickly, clearly, legally — in bankruptcy court.

Yes, it would be painful. Drastic surgery usually is. But afterward these overextended outfits could start to recuperate.

Congress' approach to date can be summed up simply enough: Send good billions after bad, getting only paper promises and vacuous assurances in return. That's not good enough. These corporate leviathans are a money hole. The only thing sure about the next bailout is that still another will be demanded.

But the administration may only temporize, and wind up adopting the Japanese model willy-nilly. This country, too, can lose the next decade. East and West can meet — in failure.

Let's give the American auto industry a new beginning. And end this form of corporate welfare as, unfortunately, we're coming to know it.

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