May 24, 2013 Rabbi Tzvi Hersh Weinreb: When I didn't so 'humbly disagree' Caroline B. Glick: Thank you, Hafez al-Assad Diana West: From the Brooklyn Bridge to London Morgan Housel: Why spotting bubbles is so much harder than you think Environmental Nutrition editors: NuVal labeling to the rescue? Jewz in the Newz by Nate Bloom : Memorial Day: Jews Serving and KIA in War on Terror; Liberace Bio-Pic; Jew Wins "Survivor"; Shalom, Dr. Brothers; More The Kosher Gourmet by Emma Christensen: HIDE THESE FROZEN TREATS FROM THE KIDDIES!: Sangria pops; Irish cream pudding pops; mango Lassi pops May 22, 2013 John Thorne: They launched the 'Arab Spring' but now yearn for the good old days of a strongman John Rosemond: 'Disciplinary math' adds up to parental successl Warren Richey: Are prayers before public meetings OK? Supreme Court to decide Rick Montgomery: Use of ADHD drugs as study aid raises concern on campuses Brierley Wright, M.S., R.D.: 6 convincing reasons you should keep carbs in your diet Eoin O'Carroll: Scientists examine nothing, find something The Kosher Gourmet by Carole Kotkin: This soup is made from one of the great pleasures of spring: A wonderful pairing of rosy color and earthy tang May 20, 2013 Richard A. Serrano: Is Meir Kahane's assassin now a changed man? Hannan Adely: Town raises Palestinian flag at City Hall Melissa Healy: Genetic copies of living people from embryos no longer science fiction Morgan Housel: When smart investors do stupid things Sharon Saloman, M.S., R.D.: Hunger games: Eat more, weigh less, without starving Jewz in the Newz by Nate Bloom : Jews Inducted into Rock Hall of Fame; Anton Yelchin co-stars in New "Trek" film; Kutcher (but not Kunis) visits Israel; Jewish TV Star Praises Jewish Rap Star The Kosher Gourmet by Cathy Pollak: WARNING: This WALNUT CAKE WITH PRALINE FROSTING, perfect for afternoon coffee, is addicting May 13, 2013 Rabbi Nathan Lopes Cardozo: Why the giving of the document that would permanently change the world could only be done in desolation David G. Savage: Church-state, literally? Supreme Court weighing public school graduation in a church Emily Alpert: Recession dragged down birth rates for less-educated women Morgan Housel: The deep downside of home ownership Peter Teffer: Will Dutch police soon be stalking cybercriminals on your computer? Heidi McIndoo, M.S., R.D.: Meatless 'meat' can have its own set of problems The Kosher Gourmet by Diane Rossen Worthington: Celebrate! This must-try appetizer is delicate yet has depth of flavor: Corn-Leek Cakes with Caviar, Smoked Salmon and Creme Fraiche May 10, 2013 Rabbi Berel Wein: Be all that you should be Caroline B. Glick: The dirty little secret about Israel's Arabs Mona Charen: Hawking's Moral Calculus: The man and the movement he embraces Morgan Housel: The biggest retirement myth ever told Sandi Doughton: Eyes may provide new insight into brain problems Jewz in the Newz by Nate Bloom : The Great Gatsby's Jewish Ties; Jews in the "Time 100 list" List; People's Most Beautiful Women The Kosher Gourmet by Linda Gassenheimer: A sweet-hot meal: Pear salsa spices up salmon May 8, 2013 Peter Ford: Why China is welcoming both Israel's Netanyahu and Palestinians' Abbas Warren Richey: Obama administration quietly backs out of appeal over new contraceptive mandate Fred Weir: At Kerry-Putin meeting, US-Russia relations thaw --- a tad Amanda Paulson: Study reveals sad truths about community colleges 'Garbage man' in cells could extend life Harvard Health Letters: Evidence weak that zinc, echinacea are beneficial The Kosher Gourmet by Leela Cyd Ross : Almost too pretty to eat, this colorful salad with Sicilian inspiration will tickle the taste buds and delight your visual sensibility May 6, 2013 Edmund Sanders and Patrick J. McDonnell: Think Israel's objective in Syria is to weaken Assad or embolden the rebels? Think again Brian Bennett: Israeli airstrikes may show weakness in Syrian defense Michael Ollove: Millions of ex-felons, parolees and those on probation are about to be entitled to tax-payer paid health coverage Karen Kaplan: Most men can skip PSA test for prostate cancer, urologists say Kimberly Lankford: How to track down a lost life insurance policy Dream of Mars exploration achievable, experts say The Kosher Gourmet by Susan M. Selasky: EGGPLANT WRAPS are an easy, sumptuous and scrumptious meal May 3, 2013 Rabbi Nathan Lopes Cardozo: Human Courage and the Unavoidable, Disturbing Text Steven Emerson: Attorney General Fights CAIR in Court, Lauds it in Public Mediterranean diet helps beat dementia: study Harvard Health Letters: When to be screened for a hearing problem Jewz in the Newz by Nate Bloom : Iron Man's Jewish Connections; Marc Maron's New TV Show; Martin Landau Grows Up with Israel; Shalom, Allan Arbus The Kosher Gourmet by Diane Rossen Worthington: A sweet surprise for Mother's Day dessert May 1, 2013 Jonathan Rosenblum: An Improbable Journey to Orthodoxy Jonathan Tobin: Blame Obama, Not Israel for Syria Push Kids, kittens the Same? With employee perks at struggling Internet pioneer Yahoo! it's hard to tell Halena M. Gazelka, M.D.: Mayo Clinic Medical Edge: What you need to know about implanted pain relief devices Sandy Kleffman: Artificial kidney offers hope to patients tethered to a dialysis machine Jessica Shugart: When it comes to math, MRIs may be better than IQs The Kosher Gourmet by Mario Batali: The celebrated chef on how high-maintenance ASPARAGUS RISOTTO need not be April 29, 2013 Roy Gutman: Poland's new Jewish museum celebrates life, doesn't revisit Holocaust Mark Clayton: Terrorism in America: Is US missing a chance to learn from failed plots? Kim Murphy: Boston Bomber's 'Svengali' Revealed Morgan Housel: He's rich, smart and old: Listen to him Thomas Salinas, D.D.S.: Mayo Clinic Medical Edge: The safety of amalgam fillings Harvard Health Letters: Tomatoes and stroke protection Pete Spotts: Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA The Kosher Gourmet by Diane Rossen Worthington: Swing into spring with lemon cream pie April 26, 2013 Rabbi Abraham J. Twerski: The world is a mirror Caroline B. Glick: Time to confront Obama Clifford D. May: Defense in the Age of Jihadist Terrorism Kimberly Lankford: New strategies ease pain of paying for long-term care insurance Howard LeWine, M.D.: Ask the Harvard Experts: Too much ibuprofen? Sharon Palmer, R.D.: How to feel your best -- with plenty of energy, a healthy weight and optimal mental and physical function -- without driving yourself batty Jewz in the Newz by Nate Bloom: Jewish Major Leaguers, 2013; New Movies and Comedy Show; Shalom, 'Lumpy' (Leave it to Beaver) The Kosher Gourmet by Emily Ho : A bright and cheerful salad to herald the warmer months ahead April 24, 2013 Steven Emerson: Boston Bomber Exposes Islamist Secret Top Muslim cleric boycotts inter-faith dialogue conference attended by 'Jews' Morgan Housel Admit it: No one has any idea what's going on Harvard Health Letters: Can you get headaches from headache medication? Kerri-Ann Jennings, M.S., R.D.: How to easily get more Omega-3s in your diet Melissa Healy: Pot in a pill: All the pain relief without the smoke The Kosher Gourmet by Susan Russo: Chipotle Chili Butternut Squash Soup is bold, zesty, hot April 22, 2013 Ken Dilanian: Counterterrorism's future is unclear Hagel, on maiden Middle East visit, arrives in Israel bearing gifts and promises US man departing country arrested on terror charges Barbara Williams: An unorthodox but growing treatment in a 9-year-old's battle against cancer P.J. Skerrett, M.D.: How to recognize a good whole grain product Jewz in the Newz by Nate Bloom: Teen actor Jonah Bobo in New Flick: Hunky James Wolk on Mad Men; Erich Segal's Daughter Writes Prize-Winning Jewish Novel

Jewish World Review Dec. 13, 2007 / 4 Teves, 5768 The Subprime ‘Crisis’ — Time for Government Intervention? By Larry Elder http://www.JewishWorldReview.com | Our catastrophe-obsessed traditional media calls it the subprime mortgage "crisis" or "meltdown." Here's what happened: Borrowers with shaky creditworthiness received low interest "teaser" rates. No problem, as long as housing prices continue to rise. But with house prices stagnating, if not declining, this places some borrowers and the holders of their "paper" on financial shaky ground. In other words, lenders lent and borrowers borrowed. Some borrowers took on debt only to find themselves unable to pay their mortgages, and the carriers of their debt now find their holdings less valuable. But what about the responsibility of both lender and borrower? The Media Research Center examined news coverage of the subprime "crisis." Of 156 stories broadcast between November 2006 and August 2007, 62 percent "ignored the consumer's responsibility for debt." No one put a gun to either lenders' or borrowers' heads, and now both sides of the transaction find themselves in financial difficulty. Lawmakers scream for more laws. Never mind lenders already operate under many regulations including, but not limited to, full disclosure requirements. Democrats, and many Republicans, cry for some sort of government (read "taxpayer") bailout. A New York Times editorial demands legislation, "including a rule that lenders must verify a borrower's ability to pay"!? House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., seek legislation to make Federal Housing Authority "loans more widely available in order to help both new homeowners and those struggling with abusive mortgages." They also demanded that President Bush fund nonprofit foreclosure prevention counseling, and appoint a senior administration official to oversee federal response to the "crisis." Instead, the President has offered a sort of middle ground, suggesting a five-year freeze on mortgage rates for some subprime borrowers facing default on their mortgages. Suppose you stayed on the sideline and rented or stayed in a smaller home in order to move up? Too bad, for the Bush plan artificially props up home prices. The President's plan also enables some homeowners to receive Federal Housing Authority loans in which the government — taxpayers — pay lenders in the event of a default. The plan also does nothing to prevent lawsuits by investors who hold the mortgaged securities in expectation of a certain return. George Mason University economist Tyler Cowen says, "We've all heard about the defaults on subprime mortgage loans. But so far, the real story is how little the broader American economy has suffered. … Today, banks usually sell their loans to third parties. … You might have originally borrowed money from Wells Fargo, but now a bank overseas cashes your mortgage checks. "If a large group of people can't pay their mortgages, they may lose their homes. But the banks don't suffer as they used to — local American lenders have already converted those loans into cash and sold off their risk. In fact, German regional banks suffered some of the most significant losses from bad American mortgages. Other European and Asian banks and hedge funds took their lumps as well. American banks essentially bought insurance by exporting their risk overseas." Let's not minimize the trouble faced by thinly collateralized borrowers and their lenders, given the soft housing market. But the financial difficulties affecting both sides of transactions voluntarily entered into do not warrant a taxpayer bailout. U.S. homeowners' equity today equals almost $11 trillion. Price declines for this year and next year may amount to $6 billion, or a 0.05 percent decline — a worry, but hardly Judgment Day. Christopher Cagan, of First American Real Estate Solutions, estimates that "the impact of rate sensitivity and subsequent defaults will be … well below one-half percent of total mortgage debt outstanding" and spread out over several years. Donald Trump, who knows a bit about crisis management, having dealt with his own financial "meltdown," suggested a simple, direct approach: Cut a deal with your lender. Similarly, Treasury Secretary Henry Paulson has already urged banks and borrowers to get together and renegotiate the terms of their loans. So what would a bailout say to those who avoided the subprime lending fervor? The Wall Street Journal reports that unlike Citigroup and Merrill Lynch, Goldman Sachs "maintain(ed) relatively small holdings of collateralized debt obligations, or CDOs, the complex mortgage-related securities whose rapid devaluation prompted the massive writ-downs at other firms." Should government reward the shortsighted losers and, by extension, punish firms such as Goldman Sachs and Lehman Brothers that had the foresight to protect themselves? People in the insurance business use a term called "moral hazard." This means actions, however well-intended, that shield people from the consequences of their behavior lead to even more irresponsible behavior. Secretary Paulson recently said, "I have no interest in bailing out lenders or property speculators." OK, then butt out! 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. JWR contributor Larry Elder is the author of, most recently, "Showdown: Confronting Bias, Lies and the Special Interests That Divide America." (Proceeds from sales help fund JWR) Let him know what you think of his column by clicking here. Larry Elder Archives © 2006, Creators Syndicate

Arnold Ahlert  Mitch Albom  Jay Ambrose  Michael Barone  Barrywood  Lori Borgman  Stratfor Briefing  Mona Charen  Linda Chavez  Richard Z. Chesnoff  Ann Coulter  Greg Crosby  Larry Elder  Suzanne Fields  Christine Flowers  Frank J. Gaffney  Bernie Goldberg  Jonah Goldberg  Julia Gorin  Jonathan Gurwitz  Paul Greenberg  Argus Hamilton  Victor Davis Hanson  Betsy Hart  Ron Hart  Nat Hentoff  A. Barton Hinkle  Jeff Jacoby  Paul Johnson  Jack Kelly  Ch. Krauthammer  David Limbaugh  Kathryn Lopez  Rich Lowry  Michelle Malkin  Jackie Mason  Ann McFeatters  Dale McFeatters  Dana Milbank  Jeanne Moos  Dick Morris  Jim Mullen  Deroy Murdock  Judge A. Napolitano  Bill O'Reilly  Clarence Page  Kathleen Parker  Star Parker  Dennis Prager  Wesley Pruden  Tom Purcell  Sharon Randall  Robert Robb  Cokie & Steve Roberts  Heather Robinson  Debra J. Saunders  Martin Schram  Greg Schwem  Culture Shlock  David Shribman  Roger Simon  Lenore Skenazy  Michael Smerconish  Thomas Sowell  Ben Stein  Mark Steyn  John Stossel  Cal Thomas  Dan Thomasson  Bob Tyrrell  Diana West  Dave Weinbaum  George Will  Walter Williams  Byron York  ZeitGeist  Mort Zuckerman  Robert Arial  Chuck Asay  Baloo   Lisa Benson  Chip Bok  Dry Bones  John Branch  John Cole  J. D. Crowe  Matt Davies  John Deering  Brian Duffy  Everything's Relative  Mallard Fillmore  Glenn Foden  Jake Fuller  Bob Gorrel  Walt Handelsman  Joe Heller  David Hitch  Jerry Holbert  David Horsey  Lee Judge  Steve Kelley  Jeff Koterba  Dick Locher  Chan Lowe  Jimmy Margulies  Jack Ohman  Michael Ramirez  Rob Rogers  Drew Sheneman  Kevin Siers  Jeff Stahler  Scott Stantis  Danna Summers  Gary Varvel  Kirk Walters   Dan Wasserman  Tech Q&A  Mr. Know-It-All  Ask Doctor K  Richard Lederer  Frugal Living  On Nutrition  Bookmark These  Bruce Williams