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December 2, 2014

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 27, 2007 / 9 Iyar, 5767

The sound of one man weeping

By Paul Greenberg


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http://www.JewishWorldReview.com | When the news came that the stock market had broken 13,000 Wednesday afternoon, I thought I heard the strangest sound in the background: quiet sobbing.


Of course! That had to be the New York Times' man in the economy and all-around pundit, Paul Krugman, crying in his beer. Though, given today's economy, he's probably drinking the best single-malt Scotch on the market.


But nothing seems to depress this expert like good news. Here the stock market is at an all-time high, the unemployment rate keeps dropping below low, but our expert keeps warning that The End Is Near. It's kind of funny in an unintended way. Think Woody Allen doing Shakespearean tragedy.


For just a moment there, when the stock market had its big hiccup so long ago — back in February, which now seems the Middle Ages — Dr. Krugman could scarcely contain his glee. He was Mr. Happiness himself. For at last his hour had come. Hot dawg! All those sinners would see the error of their ways now!


Exulting in the coming woe, our own academic Eeyore dashed off a fantasy dated February 27, 2008, in which he looked back — with ill-concealed satisfaction — at the dire fate he'd long foreseen for the American economy.


His cheery vision began: "The great market meltdown of 2007 began exactly a year ago, with a 9 percent fall in the Shanghai market, followed by a 416-point slide in the Dow."


That classic of a column foresaw the disaster that would surely be under way by now, like a gathering economic tsunami: "For a couple of months after the shock of Feb. 27, markets oscillated wildly, soaring on bits of apparent good news, then plunging again. But by late spring, it was clear that the self-reinforcing cycle of complacency had given way to a self-reinforcing cycle of anxiety…."


Translation: Come on, Catastrophe! After all, this is a guy who lives for a repeat of 1929.


Not till the end of that column did Dr. Krugman hedge his doomsday scenario in case the American economy rebounded. And rebound it did. Fast but not furious. Just steadily. Prosperity has become almost routine. And poor Paul Krugman has lapsed into a resentful funk. He seems to have fallen silent on the subject of The Great Meltdown of 2007 — much like a professional mourner who keeps waiting for the big funeral that never comes.


Not since Stan Laurel has sadness been so funny. Here our expert — he teaches economics somewhere in the Ivy League, doesn't he? — was fully expecting to be followed by a whole herd of bears into the biggest sell-off since the dot-com bubble burst, and what happened was … pretty much nothing. Just another undramatic recovery. Dang.


It's not just Dr. Krugman's recurrent prophecies of another Crash that impress — he's been making those since memories runneth not to the contrary — but the uncanny effect he has on the market. He no sooner predicts disaster than the dawgone thing goes sky-high again, setting new records. Like the hoofer who's told to play Sophocles but can't stop breaking into musical comedy.


Surely another dip in the market is bound to come — so long as there's a business cycle — but Paul Krugman's magic touch keeps delaying it, turning every down into still another unstoppable up.


It's positively unnatural. The man is a kind of walking, talking, and, best of all, writing version of Al Capp's poor little jinx of a character, Joe Btfsplk — only in reverse, leaving not disaster but good fortune wherever he goes. The New York Stock Exchange ought to put him on retainer.


If only Paul Krugman would just keep writing about the coming End of It All, prosperity might be assured.


Then there's the language in which Dr. Krugman sends out his jeremiads. It is, in a word, hilarious — if unintentionally so. He's got to be the country's leading practitioner of purple-as-a-bad-bruise prose. Mrs. Malaprop might have spoken like that if only she'd had a Ph.D. in the dismal science.


I've saved my favorite Krugmanism of all time for those occasions when I may need a bit of cheering up:


"And when the chickens that didn't hatch come home to roost, we will rue the days when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg."


As prose, that's a lot of poultry. Try to visualize those chickens that didn't hatch coming home to roost, if you can stop laughing. Why, that's almost Zen, like the sound of one hand clapping. His reference to the national nest egg is just lagniappe.


I can't wait to read the professor's next jeremiad about the imminent Crash; the economy can always use a little help, and so can the nation's sense of humor.


Cheers.

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JWR contributor Paul Greenberg, editorial page editor of the Arkansas Democrat-Gazette, has won the Pulitzer Prize for editorial writing. Send your comments by clicking here.

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