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 Oct. 26, 2009 / 8 Mar-Cheshvan 5770

Hey, Wall Street: Get Off Your High Horse

By Mitch Albom

http://www.JewishWorldReview.com | If a bank gives you money to buy a house, it gets to determine the mortgage, right? If a credit card company issues you a Visa, it tells you the terms, not the other way around, correct?

Then why do financial institutions bailed out by the government cry foul when that same government — i.e., their bank — wants to set the rules?

Isn't that how they do business?

Look. I am not one who thinks that limiting the pay of CEOs is going to make America solvent. But I do expect people to play by the same principles they impose.

So I'm a little amused (at least before I get furious) that banks are whining when the people who lent them money — you and me — insist on some responsibility. Think about it. If these same Wall Street firms buy your company and start making slashes — sell off this division, close down this office — your complaints fall on deaf ears, right?

Yet the folks at Citigroup, AIG or Bank of America now are wailing at the idea that their top dogs may get their bowls downsized. That instead of making hundreds of millions, they may be able to make only hundreds of thousands.

Hey. Like these same firms tell us. Be grateful you still have a job.

Remember, when places like Citigroup got in trouble, it wasn't over a $50 late payment — the kind of mistake for which they routinely sock you or me with a fee or a raised interest rate.

No, when they tripped up, it was billions. Hundreds of billions. They had one place to turn, the government, or it might have been doomsday.

So the government gave them money. Our money. Lots of it. So much, for example, that the United States owns 34 percent of Citigroup. That's a huge chunk. Enough to have a say in how that money gets paid back, right?

So let's take a peek at how Citigroup pays its people.

Take the case of Andrew J. Hall. He is a top Citigroup trader. Exactly what he trades is hard to determine, since his little corner is very secretive; so secretive, according to the Wall Street Journal, that it operates out of a dairy farm in Connecticut. This much we know. Hall trades in the energy field.

Now, if two words ought to make people run and dive they are "secretive" and "energy." Wasn't secretive part of the problem with the mortgage crisis? And wasn't energy betting what sank Enron?

Yet Mr. Hall is one of Citigroup's prized employees. And last year he was given a $100 million pay package. This year, reportedly, he is likely due the same.

That's $100 million. One man.

I don't care how much business he generates. In today's world, in this economic quagmire, in a company that had to be bailed out, that can't go on.

Of course, bankers will insist you don't understand. You don't get it. This is the world they move in. If they don't give monstrous pay packages to guys like Mr. Hall — who according to the Journal owns a 1,000-year-old castle in Germany where he can display his renowned art collection — he'll jump ship.


These places act as if nobody will do it for less, nobody will be as good, or that they can't possibly afford NOT to be in these risky, high-bet businesses because, well, how else could they afford 1,000-year-old castles in Germany?

The thing is, when your high-prized talent makes those same risky bets the wrong way — i.e., the mortgage crisis — or abuses its power — i.e., the Enron scandal — you lose your right to a high horse. If you were like the rest of us, you'd be out of business.

Instead, the government bails you out. And yet, in many cases, as soon as possible, you make a beeline back to doing things the way they used to be done.

The worst part of this whole debate is the hubris Wall Street types evoke toward the rest of America, a belief that they are special because they are rich and always have been, that their lobbyists can and should finagle out of any government intervention.

But you can't live off the wallets of common people then act is if you're above them. If Wall Street can't understand why Main Street has no sympathy for its pay problems, it might want to spend a little more time down here. You know. Where its bank lives.

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