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 April 8, 2013/ 28 Nissan, 5773

Blowing up another bubble: Easy money helps Wall Street and threatens Main Street

By Jack Kelly

http://www.JewishWorldReview.com | Per capita income and median household income, when adjusted for inflation, declined by more than 7 percent between 2007 and 2011, according to the Census Bureau's American Community Survey.

The official unemployment rate (7.6 percent in March) remains high, despite the fact that people who have stopped looking for work aren't counted in it. In 2007, 63 percent of American adults had jobs. In 2012, just 58.7 percent did.

Yet the stock market is flirting with all-time highs. Do you find this odd?

Part of the reason for the disconnect between Main Street and Wall Street is because the stock market more closely reflects corporate profits than it does the health of the economy.

Many international corporations are earning more overseas than they are at home. And corporate profits are up in part because so few are hiring. Hoarding cash can be good for the stock price even though it is bad for the economy.

But it's mostly because Wall Street has been the foremost beneficiary of the vast expansion of the money supply engineered by the Federal Reserve Board. The Fed has increased its balance sheet by more than 600 percent since March of 2000, David Stockman noted in an article last Sunday in The New York Times magazine. It's on pace to add $1 trillion this year.

The Fed runs the printing presses day and night to try to stimulate the economy. It hasn't worked. Since March of 2000, the gross domestic product has grown by a meager average of 1.7 percent a year; real business investment by less than a percent a year; jobs by just a tenth of a percent a year, noted Mr. Stockman, who was budget director during the Reagan administration.

The "liquidity" it was creating would cause banks to lend and corporations to spend, the Fed hoped. But concerns about debt and federal economic policies -- chiefly Obamacare -- have kept the extra dollars on Wall Street, boosting stock prices, but little else. Citigroup's share price has risen 85 percent since last June "despite scant evidence that the company has turned itself around," notes Peter Schiff of Euro Pacific Capital.

This has kept the chieftains of Wall Street investment banks in mansions and limos, while the net worth of 90 percent of Americans has fallen 25 percent.

Government policy has favored the big banks at the expense of ordinary Americans.

TARP -- the initial $700 billion bailout of big banks -- was "purely another Wall Street concoction," Mr. Stockman said. "The Main Street banking system was never in serious jeopardy; ATMs were not going dark and the money market industry was not imploding."

Had there been no bailout, "the crisis would have burned out on its own and meted out to speculators the losses they so richly deserved," he said.

RealClear Markets editor John Tamny agrees. "If Japan and Germany could quickly rebound from the total destruction that was World War II, the notion that we couldn't survive the failure of Citigroup (bailed out five times in the last 22 years) is too silly for words," he said.

The Obama administration has made no effort to curb the reckless practices of the big investment banks, little to punish those who engaged in outright fraud. Instead, Democrats passed a banking "reform" which protects the big banks at the expense of community banks, which were guiltless in the subprime mortgage crisis.

Less than 5 percent of President Barack Obama's $800 billion stimulus went to the needy, Mr. Stockman noted. Crony capitalists and special interest groups have been the principal beneficiaries of his massive spending spree since.

The results of the government's ever-increasing efforts to micromanage the economy have been enormous public and private debt, sluggish growth, high unemployment and falling real middle class incomes. The worst is yet to come.

The economy crashed in 2008 because reckless lending -- including by "government-sponsored entities" Fannie Mae and Freddie Mac -- caused home prices to rise to surrealistic levels that couldn't possibly be sustained. When the housing "bubble" burst, $7 trillion in paper wealth disappeared overnight. The "egregious flood of phony money from the Federal Reserve" has created a much larger bubble on Wall Street, Mr. Stockman said.

"The American machinery of monetary and fiscal stimulus has reached its limits," he said. "The United States is broke -- fiscally, morally, intellectually. When the latest bubble pops, there will be nothing to stop the collapse."

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JWR contributor Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration.

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