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 14, 2009/ 20 Nissan 5769


By Tom Purcell

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http://www.JewishWorldReview.com | I was just a naive kid at the time. That's how I got snookered.

It happened in the spring of 1978. My best friend Ayresie and I had quit our jobs as cooks at the Ponderosa Steakhouse to start a business rebuilding retaining walls. We put an ad in the community paper and some fool — attracted by the cheap labor, no doubt — entrusted his driveway wall to us.

After a week of hard labor we completed the job. After we paid for our supplies and Mitch Morton's dad's truck — we'd hired Mitch to haul off the excess stones and dirt — we were each left with a profit of $100.

My father was eager for me to put my very first profits into my college fund, but I had a better notion. I was going to "invest" that money and turn it into thousands.

An interesting scheme had come to our community, you see. To participate, you needed $100. You'd give $50 to the person who brought you into the scheme. Then you'd mail another $50 — inside a birthday card — to a name at the top of a list of 10 names.

Your name would then be placed on the bottom of the list and your task was to find two other suckers to cough up $100 each — each person would give you $50, so you'd get your $100 back — and then each person would find two other people and so on.

As your two people brought in two people, your name would then be on four lists; as those four people got two people, you'd be on eight lists, then 16, 32, 64, 128, 256, 512 and so on.

So long as the scheme continued to expand — so long as you were one of the early participants in the scheme — your name would move up to the top on thousands of lists. Thousands of participants would send you $50 in the mail.

That's exactly what happened to the lucky early participants. They made thousands of dollars off the deal — though their postal carriers wondered why so many people were so interested in their birthdays.

But of course the scheme was unsustainable for the rest of us. It was a classic pyramid scheme — a simple shifting of wealth from the many to the few.

You see, in time, there weren't enough suckers to risk their $100. The scheme finally collapsed under its own weight and a lot of people ended up just as I did.


I learned from the experience, though. I learned that every pyramid scheme has three stages. The first was enthusiasm — the folly that huge returns would come pouring in. The second was realization — that you've been duped out of your hard-earned dough. The third was embarrassment — you felt shame and regret for letting your emotions cloud your judgment.

This knowledge has helped me avoid numerous financial schemes over the years.

I was puzzled that tech stocks kept soaring in the '90s, when few tech companies we're earning profits, and I avoided that collapse.

I was puzzled that housing prices were doubling and tripling earlier this decade, when the average income remained the same, and I avoided that collapse, too.

And now I'm puzzled by the latest nutty idea — that our government can prop up our economy through massive expansion and spending.

President Bush was no stranger to such spending. In 2002, he was the first president to propose a $2 trillion budget. In 2008, he was the first to propose a $3 trillion budget.

But President Obama puts Bush to shame. Despite a severe economic downturn, he's the first president to propose a nearly $4 trillion budget — and he's enthusiastic about it!

Whereas Bush nearly doubled our debt (from $6 trillion to $11 trillion), Obama wants to nearly double it again (from $11 trillion to $20 trillion) in only 10 years! Such a public debt would be unsustainable.

Even a 16-year-old kid wouldn't be dumb enough to invest in a scheme like that.

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© 2009, Tom Purcell