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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

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. 20, 2008 / 21 Tishrei 5769

Hold the hysteria

By Paul Greenberg


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http://www.JewishWorldReview.com | "The most interesting aspect of the recent Wall Street coverage," at least to Florence King, the grande dame and just plain grand old dame of America-watching, is the resurrection of the word Depression, which once upon a time no one dared utter. Euphemisms like correction, recession and downturn were favored instead. Now, she notes, the D-word is back in style, "wearing its de rigueur initial cap to differentiate it from mere sadness." As an economic and historical term, Depression has the ring of a medical diagnosis. A fatal one.


With the slow fading of the Depression generation, along with knowledge of our own history, Americans toss around comparisons with the Depression with the abandonment of a broker jumping out of an upper-story window. To restore some perspective, as opposed to the manic-depressive shifts of the markets, it might help to look at the calendar and confirm that this is not the 1930s:


On July 9, 1932, the Dow Jones Industrial Average ended the day at 41.63 — a loss of 91 percent since the Year of the Crash, 1929.


In that same three-year period, banks had been shutting their doors all over the country. In 1929, a total of 659 banks with a combined capital of $250 million went under; in 1930, 1,352 banks worth $853 million; in 1931, 2,294 with aggregate deposits of close to $2 billion.


The railroads, then the country's prime means of moving passengers and freight, ground to a halt, laying off workers by the hundreds of thousands, and letting equipment rust because there wasn't money to replace it.


By the last quarter of 1930, industrial production was down by half of the previous year's. The next year, 1931, industrial employment was down by more than a third. Wages, at least those that were still being paid, plummeted. By the time Franklin Roosevelt was inaugurated on March 4, 1933, one in four Americans was out of a job.


Whatever the country and the world is facing today, it's not the capital-D Depression of the 1930s. Not that you'd know it by reading the current book of lamentations that suffices for so much economic analysis, but the country's gross domestic product actually rose by 2.7 percent over the past five quarters, productivity is still on a roll thanks to ever leaping technological innovations, consumer loans outside the mortgage market are actually up 5 percent year over year, commercial loans 9 percent. To those with good credit, 30-year mortgage loans at 6 or 6 1/2 percent should be readily available.


You call this a Depression? About the only thing this Panic of '08 has in common with 1932 is a loss of faith. Once again the only thing we have to fear is fear itself — "nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance," to quote Franklin D. Roosevelt's first inaugural address.


Throughout his first two terms, FDR did something even more important than acting: He appeared to act. If one policy didn't work, he tried another. Much as this administration's firm of Paulson and Bernanke are doing now. Barack Obama might describe such jumps back and forth as "erratic," the way he does John McCain's ever developing economic policies. But FDR, now one of the Democratic Party's patron saints, believed in "bold experimentation," which kept hope alive. And hope is the essence of credit.


Undeterred by attacks from the do-nothing right, which were balanced by separate but equally ferocious attacks from the do-everything left, the new president followed his own directionless course, swerving left and right like some agile bicyclist weaving through an impossible traffic tie-up, avoiding the crashes all around him, his only aim to keep his equilibrium and restore the country's. In the end, FDR didn't destroy the free market but saved it, which George W. Bush said this week was the object of his administration's latest buy-out, this time of key banks.


Franklin Roosevelt was no intellectual, thank goodness. He was more interested in practice than theory. As a presidential aide once said of FDR, he may have had only a second-class intellect, but he had a first-class temperament. Adventuresome, inspiring, congenial, supremely confident, he was the ultimate Happy Warrior, a term he coined for Al Smith.


There's a name for what FDR had and today's doomsayers don't: faith. Which is a curious lack in a country that has come through so much history, and will come through the Panic of '08, too.

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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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