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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 Oct. 28, 2008 / 29 Tishrei 5769

Greenspan agonistes

By Paul Greenberg


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http://www.JewishWorldReview.com | Did you catch Alan Greenspan, the former immortal of the financial world, before that congressional committee last Thursday? Not just the market but the reputation of its idol has slumped since his heyday, when crowds flocked to get autographed copies of his book. Could this be the same man? Greenspan the Great had become just another old man, a coat upon a stick, lost in a world he had indeed made. That was the hell of it.


Where had the old, all-knowing master of the economic universe gone? Where was the gnostic terminology, the mystic indecipherability, the godlike above-it-all-ness? Someone had replaced him with a cheap knock-off.


Chairmen of the Fed just ain't what they used to be. A phrase in the small print of fancy financial brochures comes to mind: Past performance does not guarantee future results. Alan Greenspan's much-celebrated past has set him up as the whipping boy for the troubled present.


Mr. Greenspan could only say he hadn't foreseen the dramatic fall in housing prices because it hadn't happened before, as if the essential lesson of the past — expect the unexpected — had escaped him. No wonder prudence is the first of the cardinal virtues, but who studies the church fathers any more? (In some ways, returning to the medieval would be an advance.)


The need for something as old-fashioned as caution, the instinctual wariness of brave new experiments like those tricky derivatives, seems to have come to Mr. Greenspan as some kind of revelation. Alan Greenspan's guru costume, it turns out, had only been rented — and had to be returned. John Galt had been replaced by Mr. Milquetoast.


The curtain had parted, and the Wizard of Oz was revealed as just another kibitzer. The erstwhile Genius of the Markets was being called on the carpet, like some racetrack tout who'd called the seventh at Hialeah wrong. It was hard to believe that the poor schlemiel before the cameras had once been Alan Greenspan. This must be a ringer. He was no longer speaking in riddles, but in plain English. He was even confessing error, or at least that he was human.


Quite a comedown in his case. Worst of all, his dethronement wasn't even mysterious, dramatic, or shocking. It was just ... boring.


It was just that everything had gone wrong all at once, you see. It was like one of those hundred-year floods that occurs every few years. A fluke. If only the bankers, or the investors, or the forces of Nature had acted as they were supposed to — with due regard for past performance and the statistical precedents. ... Mark Twain once referred to the three kinds of lies as "lies, damned lies, and statistics." And he hadn't even seen any computer models.


It was as if the Oracle of Delphi had come down to face the mob in the agora. Well, that's not quite fair — to mobs. The inquisitors on this committee would have made your everyday mob look civil. They've been out shopping for scapegoats for some time, and today was Alan Greenspan's turn to try on the sackcloth and ashes. If he had forgotten prudence, the more vengeful members of the committee had forgotten the other three cardinal virtues — justice, fortitude and temperance. Not to mention faith, hope and, especially when they were taunting the witness, charity.


There's something about a congressional committee out for blood, or at least contrition, that makes some of us uneasy — the way a perp walk always leaves us sympathizing with the perp.


These heckle-the-formerly-great sessions may be great fun for the congressmen conducting them, but they'll never be entirely satisfying until the witness list includes recipients of Fannie's and Freddie's favors, such as Barney Frank, chairman of the House Financial Services Committee, that sleepiest of watchdogs, and Chris Dodd, the senator from Countrywide. But now all these honorables who were on the receiving end of all that baksheesh, including Senator and current messiah Barack Obama, cry as one for ... Reform!


It's quite a show, but the country has seen this number before: the Nye Committee in the '30s, the McCarthy Committee in the '50s, and now the current production of Someone Must Pay For This! The script is entirely too familiar.

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