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April 18, 2008

Rabbi Harvey Belovski: Multimedia tool of antiquity

Caroline B. Glick: Revealed Truths vs. revealed lies

JWisdom: More than miracles by Rabbi Sroy Levitansky

April 17, 2008

Rabbi Avi Shafran: Deconstructing Dayeinu

Rabbi Elazar Meisels: Is innovation at the Seder a slap at tradition?

JWisdom: Discovering Your Divine Mission, Part III by Rabbi David Aaron

April 16, 2008

Jonathan Tobin: A Prayer for Sderot's Children

Ethel G. Hofman: Sumptuous Seder

JWisdom: The Divine is in the details by Rabbi Mordechai Becher

April 15, 2008

Rabbi Dovid Zauderer: Let Charlton Heston Go!

Frank J. Gaffney, Jr.: Jimma, tyranny's enabler

JWisdom: Relationships: Beyond Mars & Venus, Part IV by Dr. Lisa Aiken

April 14, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: The Snitching Supervisor

Jonathan Tobin: Forget the Fun and Games!

JWisdom: Sincerity is Valued Most by Rabbi Abraham J. Twerski, M.D.

April 11, 2008

Rabbi David Gutterman: A Mystery in the Middle East

Caroline B. Glick: Why Ahmadinejad smiles

JWisdom: Elevated illness by Rabbi Sroy Levitansky

April 10, 2008

Stratfor Intelligence Briefing by George Friedman: A Mystery in the Middle East

The Kosher Gourmet By Steve Petusevsky: The spring elegance of asparagus

JWisdom: Holocaust in the Perspective of Faith by Rabbi Nosson Scherman: The Power of Rational Lies

April 9, 2008

Michael Feldberg: An all but forgotten Colonial doctor who put his Jewish values before his life

Jordan "Gorf" Gorfinkel's "Everything's Relative" gets philosophical

JWisdom: Four Rabbis in Bnei Brak by Rabbi Mordechai Becher

April 8, 2008

Caroline Glick: Covering for the enemy

Elliot B. Gertel: 'House' goes Hasidic

JWisdom: Relationships: Beyond Mars & Venus, Part III by Dr. Lisa Aiken

April 7, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Q: I have a translating business. Recently someone asked me to translate some financial documents that are clearly forged. Should I agree?

Jonathan Rosenblum : Israel is unwittingly helping to fuel the international campaign of delegitimization against it

JWisdom: Matzah and leaven as a life philosophy by Rabbi Abraham J. Twerski, M.D.

April 4, 2008

Rabbi Abraham J. Twerski: The Mystery of Suffering

Caroline B. Glick: Fear of democracy

JWisdom: Dirty Jews by Rabbi Sroy Levitansky

April 3, 2008

Rabbi Y. Y. Rubinstein: Parents --- and the children who would be them

The Kosher Gourmet by Kathy Manweiler: Tempted by restaurant dressings? Don't be. Here are recipes that can be made at home, healthier!

JWisdom: The importance of retaining a 'slave mentality' by Rabbi Mordechai Becher

April 2, 2008

Mitch Albom: Child abuse, disguised as faith

Jonathan Tobin: Unreasonable Accommodations

JWisdom: Holocaust in the Perspective of Faith with Rabbi Nosson Scherman: Eliminating Jewish Influence over Germans

April 1, 2008

Caroline B. Glick: America's coalition confusion

Cal Thomas: Conversion: A one-way street?

JWisdom: Beyond Mars & Venus, Part II by Dr. Lisa Aiken

March 31, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Q: I always try to pay my workers on time, but sometimes we are a little short. Do we have to borrow to meet the regular payday?

David M. Weinberg: Shelve the Shelf Agreement

JWisdom: Twerski on the Haggadah: To Be Truly Free

March 28, 2008

Rabbi Abraham J. Twerski: No-goodniks

Mort Zuckerman Diet-friendly frappuccino and lattes

JWisdom: What is 'Kosher'? by Rabbi Sroy Levitansky

March 27, 2008

Rabbi Berel Wein: Healthy perspectives

Mort Zuckerman: The world will not answer these questions

JWisdom: Discovering Your Divine Mission, Part II by Rabbi David Aaron

March 26, 2008

Michael Feldberg: 'I am a Jew, I am a Republican and I am poor'

Jordan "Gorf" Gorfinkel's "Everything's Relative": Your Official Jewish Guide to Changing Seasons

JWisdom: Missing Moses by Rabbi Mordechai Becher

March 25, 2008

Dennis Prager: Why do 'Palestinians' get much more attention than Tibetans?

Libby Lazewnik: Looking through the two-way glass

JWisdom: The Uniqueness of Woman by Dr. Lisa Aiken

March 24, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Manipulating emotions as an intense sales tactic

Jonathan Tobin: Your Tax Dollars at Work in Gaza

JWisdom: One of the most dangerous emotions spiritually by Rabbi Abraham J. Twerski, M.D.

March 21, 2008

Rabbi Avi Shafran: Accidents don't happen

Gary Rosenblatt: On Purim, What's Covered Is Revealed

JWisdom: The Paradox of Purim by Rabbi David Aaron

March 20, 2008

Jeff Jacoby: Should people of faith empathize with Obama?

Bob Tyrrell: Why is that good deeds toward the Palestinians always go unrewarded?

JWisdom: The Book of Esther: A Dramatization, Part II

March 19, 2008

Paul Greenberg: Stop revising the prayerbook!

Jordan "Gorf" Gorfinkel's Jewish Gen-X strip transcends cultures and age groups: Everything's Relative

JWisdom: The Book of Esther: A Dramatization

March 18, 2008

Youssef M. Ibrahim: Is the honeymoon over between Arab militancy and the Palestinian cause?

The Kosher Gourmet by Ethel G. Hofman: Last minute Purim treats

JWisdom: What About Jews Makes The World So Nervous? by Rabbi Mordechai Becher

March 17, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Rebate or Kickback?

Jonathan Tobin: The Circus Comes to Town

Andy Borowitz: Obama Converts to Judaism

JWisdom: Lights Along the Way by Rabbi Abraham J. Twerski, M.D.: To tell the truth

March 14, 2008

Rabbi Abraham J. Twerski: How not to be humble

Caroline B. Glick: Why is 'Israel's best friend' pressuring the Jewish State to act recklessly?

JWisdom: The Jewish Journey with Gavriel Aryeh Sanders: Your Pre-existent Soul

March 13, 2008

Victor Davis Hanson: The tired Gaza two-step

Jeff Jacoby: Slaughter, jubilation, and the 'peace process'

JWisdom: Discovering Your Divine Mission by Rabbi David Aaron

March 12, 2008

Claudia Rosett: Time for U.S. to reject U.N.'s anti-democratic conference

The Kosher Gourmet by Jill Wendholt Silva: Traditional Italian eggplant dish, delicious as ever; less calories

JWisdom: Reconsidering the Holocaust by Rabbi Nosson Scherman: How the Nazis kept the Jews worldwide silent

March 11, 2008

Dr. Debby Schwarz Hirschhorn: In defense of messiness

Steven Emerson: Who Will Stand Against Terrorism?

JWisdom: Lights Along the Way by Rabbi Abraham J. Twerski, M.D.: Budging Our Grudges

March 10, 2008

The Jewish Ethicist by Rabbi Dr. Asher Meir: Predicting the future

Barry Rubin: Fear and gullibility as weapons

Martin Peretz: Why Is the NYT So Na´ve?

March 7, 2008

Rabbi Abraham J. Twerski: Who is in control?

Caroline B. Glick: Condi's echo-chamber

JWisdom: Ark-ane details? by Rabbi Sroy Levitansky

March 6, 2008

Rabbi Avi Shafran: Brazen New World

Jordan "Gorf" Gorfinkel's Jewish Gen-X strip transcends cultures and age groups: Everything's Relative

March 5, 2008

Jonathan Tobin: Bill Buckley and the Jews

The Kosher Gourmet by Jim Coleman and Candace Hagan: Brie en croute with almonds and blackberries; Baked brie with jalapeno jelly and pecans

JWisdom: Why do Jewish days start at night? by Rabbi Mordechai Becher

March 4, 2008

Rabbi Yitzchok Adlerstein: Moderation in a Higher Place

Caroline B. Glick: Sound and fury signifying incompetence

JWisdom: Making I Contact, Part II by Rabbi David Aaron

March 3, 2008

Jonathan Tobin: Obama's Spurned Supporters

Diana West: Obama's truthiness about Farrakhan

JWisdom: Lights Along the Way by Rabbi Abraham J. Twerski, M.D.: Impulses that make us most-vulnerable

March 22, 2007

J-Rhythms with Avraham Rosenblum: JWR's cutting-edge music program showcasing performers -- singers, song writers, musicians, and bands -- who learn and live the Torah lifestyle (OUR NEWEST IGODCAST !)

Oct. 29, 2003
Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)

Jewish World Review April 20, 2008 15 Nissan 5768

The bad news is that the world is not going to end

By George Will


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http://www.JewishWorldReview.com | Some say the world will end in fire,
Some say in ice. ...

      — Robert Frost


And some say it will end because of subprime mortgages. But for those who cultivate fears of catastrophes as excuses for expanding government supervision of other people's lives, the bad news is that the world is not going to end — not from global warming or economic cooling or anything else. Today's untethered Federal Reserve will, however, make the muddle-through interesting.


The late Sen. William Proxmire, a populist Democrat who represented Wisconsin for 32 years, wanted all members of Congress to write on their bathroom mirrors, so it is the first thing they read each day, this: "The Fed is a creature of Congress." Congress created the Federal Reserve pursuant to its constitutional power "to coin money" and "regulate the value thereof." Fortunately, Congress has left the Fed free to go about its business.


But suddenly the Fed is undergoing radical "mission creep." The description of the Fed as the "lender of last resort" is accurate without being informative. Lender to whom? For what purposes? Last resort before what? Did the bank "lend" $29 billion to Bear Stearns, or did it, in effect, buy some of the most problematic securities owned by Bear? If so, was this faux "loan" actually to J.P. Morgan Chase? The purpose of the money was to give Morgan an incentive to buy Bear — at a price so low that an incentive should have been superfluous.


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In 1979, when the government undertook to rescue Chrysler, conservatives worried not that the bailout would fail but that it would work, thereby inflaming government's interventionist proclivities and lowering public resistance to future flights of Wall Street socialism. It "worked": Chrysler has survived to endure its current crisis. The fallacious argument in 1979 was that Chrysler was then "too big to be allowed to fail."


Today's argument is that Bear Stearns was so connected to the financial system in opaque ways that no one could guess the radiating consequences of its failure — the financial consequences or, which sometimes is much the same thing, psychological.


But what is now the principle by which other distressed firms will elicit Fed interventions in future uncertainties? By what criteria does Washington henceforth determine whether a large entity is "too connected to fail"?


The Fed has no mandate to be the dealmaker for Wall Street socialism. The Fed's mission is to preserve the currency as a store of value by preventing inflation. Its duty is not to avoid a recession at all costs; the way to get a big recession is to engage in frenzied improvisations because a small recession, aka a correction, is deemed intolerable. The Fed should not try to produce this or that rate of economic growth or unemployment.


After the tech bubble burst in 2000, the Fed opened the money spigot to lower interest rates and keep the economy humming. And since the bursting of the housing bubble, which was partly caused by that opened spigot, the Fed has again lowered interest rates, which for now are negative — lower than the inflation rate, which the open spigot will aggravate.


A surge of inflation might mean the end of the world as we have known it. Twenty-six percent of the $9.4 trillion of U.S. debt is held by foreigners. Suppose they construe Fed policy as serving an unspoken (and unspeakable) U.S. interest in increasing inflation, which would amount to the slow devaluation — partial repudiation — of the nation's debts. If foreign holders of U.S. Treasury notes start to sell them, interest rates will have to spike to attract the foreign money that enables Americans to consume more than they produce.


Having maxed out many of their 1.4 billion credit cards, between 2001 and 2006 Americans tapped $1.2 trillion of their housing equity. Business Week reports that the middle-class debt-to-income ratio is now 141 percent, double that of 1983. Because anxiety is epidemic, bipartisanship has reared its supposedly pretty head.


Republicans and Democrats promise cooperation, compromise and general niceness using other people's money. If Congress cannot suppress its itch to "do something" while markets are correcting the prices of housing and money, Congress could pass a law saying: No company benefiting from a substantial federal subvention (which would now include Morgan) may pay any executive more than the highest pay of a federal civil servant ($124,010). That would dampen Wall Street's enthusiasm for measures that socialize losses while keeping profits private.

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