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 Sept. 16, 2008 / 16 Elul 5768

Wall Street greed hits Main Street

By Roger Simon

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http://www.JewishWorldReview.com | Financial ruin has a way of focusing the attention. All of a sudden, lipstick and pigs don't seem that important.

In our previous financial crises there was a difference between Wall Street and Main Street. Wall Street was populated by rich people in top hats and striped pants (at least that's what the guy on the Monopoly box wore) who dealt in stocks, bonds, futures, derivatives and others things that few ordinary people really understood. Little did we know that few people on Wall Street really understood them either.

When there was a collapse on Wall Street, some of these rich people would jump out of windows, but as long as they didn't fall on any of us, things were OK on Main Street.

Today, however, Wall Street and Main Street are pretty much the same street.

Ordinary people who have never bought or sold a share of individual stock are now involved in the stock market through mutual funds, retirement plans, college funds and a number of other financial vehicles.

And these days a lot of people watch cable TV news not for the talking heads (unless it happens to be my talking head, of course) but for the stock market information that appears on the bottom of the screen.

For several years all this was fine. It seemed like you really couldn't miss by investing in stocks. The market had ups and downs, but it always went up eventually and sticking your money in an ordinary savings account seemed ridiculous.

This was, you will remember, the driving force behind the argument for "privatizing" Social Security: If people could invest their Social Security taxes in the stock market, they could make oodles for their retirement. (And what makes me think we won't be hearing that argument again for awhile?)

We have now found out, much to our dismay, that the stock market is not actually fueled by helium. It does not always go up. And, even more distressing, the real reason for the collapse of giant financial institutions still seems shrouded in fog. It can't all be because a relatively small number of people took out some risky mortgages.

Could there be something more fundamental going on here?

You would not know it from the speeches of our candidates for president at their recent nominating conventions. They stuck to generalities, which, I will admit, is what nominating speeches are all about.

"We measure the strength of our economy not by the number of billionaires we have or the profits of the Fortune 500, but by whether someone with a good idea can take a risk and start a new business, or whether the waitress who lives on tips can take a day off to look after a sick kid without losing her job," Barack Obama said.

"These are tough times for many of you. You're worried about keeping your job or finding a new one, and are struggling to put food on the table and stay in your home. All you ever asked of government is to stand on your side, not in your way. And that's just what I intend to do: stand on your side and fight for your future," John McCain said.

Very inspiring both.

Neither man picked a running mate with a business background. Warren Buffet, the richest person in the world, endorsed Barack Obama in May, but was never really considered for the ticket (possibly because he is 78.) Obama selected Joe Biden, largely because of Biden's foreign policy experience.

John McCain could have picked Mitt Romney, who made a fortune in private business before going into politics, but McCain passed him up for Sarah Palin, not because of her vast experience or long record of accomplishments but because he felt she was a "maverick" and somebody ordinary people could respond to.

One of these two teams is going to get into office, but which one really understands the economy?

Ralph Nader, who almost certainly is not going to get into any office this year, stopped by Politico Monday, and said the roots of the current crisis can be summed up in one word: greed.

"The press is not using the word greed enough," Nader said. "It's just greed and concentrated power."

Think what you want about Nader, but every time I read one of those long postmortems on why this financial giant or that has collapsed, it really does seem to get down to plain old greed. Enormous profits are not enough anymore. Obscene profits are not enough. Profits must be enormous, obscene and astronomical. And so financial institutions overreach and fail.

Unfortunately these institutions take a lot of ordinary people down with them. But we will pull through. Or at least Warrant Buffet says so.

'They say in the stock market…buy stock in a business that's so good that an idiot can run it because sooner or later one will," Buffet said earlier this year. "Well, the United States is a little like that. We can take a little mismanagement from time to time."

We hope.

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