Sept. 5, 2008 Rabbi Abraham J. Twerski: What does 'doing the right thing' entail? Caroline B. Glick: The master strategist Sept. 4, 2008 Ron Kampeas: Biden, Palin take lead in clash on Mideast issues Bruce Dancis: With humor as their weapon, the Three Stooges took on Hitler Sept. 3, 2008 Rabbi S. Binyomin Ginsberg: Productive school years don't just happen The Kosher Gourmet by Linda Gassenheimer: Quick lamb stew serves up flavors of India Sept. 2, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: Costly Advice Caroline B. Glick: Calling Israel's bluff JWisdom: Wandering in Wonder by Rabbi Mordechai Becher August 29, 2008 Rabbi Berel Wein: 20/20 sightlessness Caroline B. Glick: When history is not repeated JWisdom: Blessed or Cursed: It's Really Up to You by Rabbi Sroy Levitansky August 28, 2008 Steve Lipman: A Comeback for the 'Jewish Jordan' Jeffrey Weiss: Researcher reports 'intriguing' diabetes breakthrough August 27, 2008 Rabbi Zecharya Greenwald: Removing the perfectionist's mask The Kosher Gourmet by Emily Nunn: Summer harvest linguine JWisdom:: The Missing Link in Spiritual Life by Rabbi David Aaron August 26, 2008 Yaffa Ganz: Grandma gets lessons in staying cool Frank J. Gaffney, Jr.: The Dems' 'soft' jihadist JWisdom:: Today: Holocaust in the Perspective of Faith by Rabbi Nosson Scherman: Plague of indifference August 25, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: Q: A friend is bearing a silly grudge from a supposed wrong. What recourse do I have? Daniel Pipes: Barack Obama through Muslim Eyes JWisdom:: The knowledge you need to overcome your insecurities by Malka Schulman August 22, 2008 Rabbi Berel Wein: Life's essential ingredient Caroline B. Glick: Dominos anyone? JWisdom:: Actually, Do Sweat the Small Stuff! by Rabbi Sroy Levitansky August 21, 2008 Today in Biblical History by Rabbi Yonason Goldson: Popularization of Kabbalah: 20 Menachem-Av 1558 CE Jonathan Rosenblum: Lessons from the Beyond JWisdom: : The Olympian within is rooting for you -- yes, you! –- to go for the gold August 20, 2008 Jonathan Tobin: Misleading Platform Platitudes The Kosher Gourmet by Linda Gassenheimer: Chicken Salad with Asian Dressing JWisdom: The Holocaust in the Perspective of Faith: America's Defense of the Jews --- Until WWII by Rabbi Nosson Scherman August 19, 2008 Dennis Prager: If the Almighty doesn't exist Frank J. Gaffney, Jr.: Obama's Islamist problem has nothing to do with his upbringing JWisdom: Think your life is messed up? by Rabbi David Aaron August 18, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: Business with Friends Diana West: Roars About Russia, Bare Whispers About Islam JWisdom: Relationship agony: The real cause by Malka Schulman August 15, 2008 Rabbi Abraham J. Twerski: To love the Divine Caroline B. Glick: Georgia, Israel, and the nature of man JWisdom: The Truly Righteous Don't Demand Entitlements by Rabbi Sroy Levitansky August 14, 2008 Rabbi Yonason Goldson: Confessions of broken spirit Libby Lazewnik: The Numbers Game JWisdom: Six Questions You'll Be Asked in Heaven? - Uh - Let's Just Take One for Now! by Gavriel Aryeh Sanders August 13, 2008 Jonathan Tobin: Georgia should be on their minds The Kosher Gourmet by Linda Gassenheimer: Go Greek: Pair flavorful lamb kebabs with a hearty salad JWisdom: Human hybrids aren't science fiction by Rabbi David Aaron August 12, 2008 Rabbi Avi Shafran: Bless us Daniel Pipes: The West's Islamist Infiltrators JWisdom: From Sadness to Gladness: The Route from Tisha b'Av to Rosh Hashana by Rabbi Mordechai Becher August 11, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: A Jewish view on fair pricing Caroline B. Glick: Ignoring failure in Gaza JWisdom: 'Communication' Is Not The Answer! by Malka Schulman August 7, 2008 Rabbi David Gutterman: A Continuing Story With a Sustaining Goal Rabbi Berel Wein: Mourning and morning JWisdom: Yes, we are still in exile by Rabbi Sroy Levitansky August 6, 2008 David Ashenfelter: Government made military engineer's life a living hell because of his faith, Defense Department report documents Jonathan Tobin: Speak the Truth; Defeat the Lies JWisdom: Jewish Spirituality: Fusion or Confusion? by Rabbi David Aaron August 5, 2008 Chris Leppek: Church/state wall beginning to crumble? Paul Greenberg: Exit Olmert (no encore, please) JWisdom: Serenity: Make the commitment by Rabbi Zelig Pliskin (Read by Gavriel Sanders) August 4, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: Am I taking advantage of another's psychological quirk? Andrew Silow-Carroll: A black and a Jew walk into the White House… JWisdom: The Holocaust in the Perspective of Faith: Edward R. Morrow visits the ‘living dead’ by Rabbi Nosson Scherman 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 Sept. 24, 2007 / 12 Tishrei 5768 Moral hazard, and panic By Debra J. Saunders http://www.JewishWorldReview.com | This week, thousands of anxious Britons spent days queuing in front of bank branches to withdraw their savings from Northern Rock, a British mortgage lender caught up in a credit crunch. Many emptied their accounts, even after British Chancellor Alistair Darling announced that the government would guarantee existing savings accounts in an attempt to stop the panic. Whom did movers in U.K. financial circles blame for the bank panic? They blamed Northern Rock for high-risk investment practices. They blamed Darling for letting the situation deteriorate to the extent that it did. Then they blamed Darling for promising that the government would guarantee investors' accounts beyond what British law had guaranteed - 90 percent of savings of about $60,000, according to the Daily Telegraph. And they blamed the United States. Specifically, financial gurus cited America's subprime mortgage crisis. On the one hand, Our Betters in Europe are quick to blame their shortcomings on this country. I don't recall many Western European articles acknowledging America's role in European security or prosperity. On the other hand, as Sidney Weintraub, an economic scholar at the Center for Strategic and International Studies, told me, it is "not unreasonable to blame" the United States for the British bank's woes. "They're part of the global market and they got themselves involved. That's the way the world works." In the age of globalization, every world citizen owns a piece of the rest of the world's bad habits. Outside America, plenty of people complain about U.S. economic practices. They probably don't appreciate how many Americans also complain about those practices - even if U.S. voters have enjoyed little success in trying to curb economic excesses. For a few years now, lenders have been issuing variable-rate mortgages to home buyers with marginal credit ratings who didn't put any money down, could not afford the higher monthly payments sure to follow, and only qualified because the loans were interest-only with a balloon payment due in a couple of years. We all have friends who qualified for such loans, and we've all shaken our heads when they got those loans. So how is it that professional lenders didn't know better than folks like you and me? And how is it that sophisticated investment firms didn't realize that they had sunk too much of their investors' money into reckless lenders' bad loans? "They didn't know that the housing market would collapse the way it did," Weintraub answered. "They didn't realize the extent of what was going on." Oh, great. The experts didn't have a clue. Weintraub's explanation: "The more money people make, the greedier they become." Because the rapacious (read: greediest) lenders aren't likely to suffer the most, politicians like Chancellor Darling and Bank of England Governor Mervyn King found themselves forced into changing long-standing government policies to keep innocent investors from being the biggest losers. I doubt many small account holders at Northern Rock would object. In the long term, however, government proposals to remedy private market excesses create more "moral hazard" - perverse incentives that reward risky behavior. With globalization, each bad business practice can have a domino effect felt around the world. Ditto each stretching of regulations to remedy the fallout from bad practices. Think about it. A few years ago, there must have been loan officers who looked at no-deposit, no-interest, no-fixed rate mortgages and smelled a rat. At business meetings, some must have voiced their reservations about approving loans that were bound to result in foreclosures. But there was no percentage in making their objections known. If they had talked about the need to approve mortgages which a large majority of clients could afford, savvy global-thinking, professionals would have dismissed them as dinosaurs. 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. Comment JWR contributor Debra J. Saunders's column by clicking here. Debra J. Saunders Archives © 2007, Creators Syndicate

Mitch Albom  Michael Barone   Dave Barry  Tony Blankley  Andy Borowitz  David Broder  Stratfor Briefing  Mona Charen  Linda Chavez  Ann Coulter  Greg Crosby  Rod Dreher  Larry Elder  Suzanne Fields  John Fund  Frank J. Gaffney  Lloyd Garver  Jonah Goldberg  Michael Goodwin  Julia Gorin  Jonathan Gurwitz  Paul Greenberg  Victor Davis Hanson  Betsy Hart  Nat Hentoff  David Horowitz  Laura Ingraham  Jeff Jacoby  Paul Johnson  Jack Kelly  James Klurfeld  Ed Koch  Ch. Krauthammer  Jonathan Last  Michael Ledeen  John Leo  David Limbaugh  Kathryn Lopez  Rich Lowry  Michelle Malkin  Jackie Mason  The Medicine Men  Dick Morris  Bill O'Reilly  Clarence Page  Kathleen Parker  Dennis Prager  Wesley Pruden  Tom Purcell  Jonathan Rauch  Celia Rivenbark  Robert Robb  Cokie & Steve Roberts  Pat Sajak  Debra J. Saunders  Culture Shlock  Roger Simon  Michael Smerconish  Thomas Sowell  Mark Steyn  John Stossel  Cal Thomas  Jonathan Tobin  Bob Tyrrell  Diana West  Dave Weinbaum  George Will  Walter Williams  Mort Zuckerman  Robert Arial  Chuck Asay  Chip Bok  Dry Bones   Lisa Benson  John Branch  Gary Brookins  John Cole  J. D. Crowe  John Deering  Brian Duffy  Everything's Relative  Mallard Fillmore  Jake Fuller  Bob Gorrel  Joe Heller  David Hitch  Jerry Holber  Steve Kelley  Jeff Koterba  Dick Locher  Chan Lowe  Ranan R. Lurie  Jimmy Margulies  Rick McKee  Michael Ramirez  Jeff Stahler  Danna Summers  John Trever  Gary Varvel  Kirk Walters  How 2  Know-It-All  Lori Borgman  The Savvy Consumer  Elder matters  Fixit  Dr. Peter Gott  Marybeth Hicks  GET A JOB! by Marty Nemko  Richard Lederer  Tech Maven  Nutrition Myths  Supermarket Shopper  Bruce Williams  How Stuff Works