
 |
|
May 20, 2013
Melissa Healy: Genetic copies of living people from embryos no longer science fiction
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
May 10, 2013
Rabbi Berel Wein: Be all that you should be
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
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
May 3, 2013
Kids, kittens the Same? With employee perks at struggling Internet pioneer Yahoo! it's hard to tell
Sandy Kleffman: Artificial kidney offers hope to patients tethered to a dialysis machine
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
Pete Spotts: Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA
April 26, 2013
Clifford D. May: Defense in the Age of Jihadist Terrorism
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
April 24, 2013
|
| |
Jewish World Review
Nov. 9, 2007
/ 28 Mar-Cheshvan 5768
Notes on the news
By
Paul Greenberg
| 
|
|
|
|
http://www.JewishWorldReview.com |
With apologies to Walter Winchell
Good morning, Mr. and Mrs. America, and all the ships at sea. Let's go to press…
The stock market is having a tizzy again, which is halfway between a hissy and the vapors. It can't decide whether to jump with joy or out the nearest window . . . It compromises by doing both on alternate days. Happy days may not be here again, but zany weeks are . . . What an initiation this has been for the Fed's still new chairman, Ben Bernanke. It's been almost as upsetting a welcome as the one Allan Greenspan got when he became chairman just in time for Black Monday in October of 1987. He met the test, and Chairman Bernanke is staying on top of this buckin' financial bronco, too. So far.
Of course there's been criticism. And there will be more. As well as praise. It all depends which source gets quoted in the papers . . . But after decades in academia, where the viciousness of the politics varies in inverse ratio to the size of the stakes, the political infighting at the Fed must strike Professor Bernanke as tepid by comparison.
The Fed's policies won't win universal approval. No economic policy ever does. Line up all the economists in the world and they still wouldn't reach a conclusion . . . Some of us old fogeys think the Fed's new chairman is too soft on inflation much too soft and too willing much too willing to bail out the bankers and sub-prime lenders who've made loans they had no business making. The financiers call it moral hazard . . . Keep bailing out those lenders and driving the U.S. dollar down, and the Fed is asking for trouble. The longer the immediate crisis is averted, the greater it'll be when it does hit. Better a mild downturn now than a dramatic recession later or, the worst of both worlds: stagflation. One Jimmy Carter was enough.
Some cynics are already calling the increasingly inflated version of the dollar the bernanke, though American exporters love it. It may not be widely noticed, but the national deficit, fiscal and trade, continues to drop. A cheaper dollar lets American goods compete abroad. But how long before we'll be referring to the dollar the same way we used to talk about the peso or yen? ("The price is $98.50? How much is that in real money?") The Canadian looney is now worth more than the U.S. dollar, for goshsakes.
Let this much be said for Chairman Bernanke: He doesn't think his job is to sit on the sidelines like some mysterious guru and occasionally issue opaque communiques in some mystic tongue (Greenspanian) as the economy flits between euphoria and melancholia . . . Instead, the man consults widely (not just with everybody who's anybody in the Fed but with the cognoscenti on Wall Street and in academia) and then acts. Even when he does nothing, Ben Bernanke seems to do it actively.
This new chairman's more transparent approach to the economy may stem from all those years he's spent on his academic specialty the country's financial system and how it's interacted with the economy in general, especially during the Great Depression. Back then, the two didn't interact much at all except to collapse in tandem . . . So when a crisis strikes, the Fed's new chairman can be counted on to do something about it. Whether it's the right thing, results will tell. But as a general policy, when everything's coming apart, it's best to do something even if it's wrong. To do nothing is only to drift mindlessly downstream . . . toward the cataract.
Speaking of disaster, scriptwriters and producers in Hollywood have broken off their contract talks. A strike is under way, a dire shortage of repartee impends, a dialogue deficit looms, a verbal crisis threatens . . . Oh where, oh where, will we snappy talkers get our next one-liners, our instant cliches, our canned witticisms, our celluloid references, our handy-dandy substitute for any actual thought? . . . Are we going to have to go back to old film clips and start sounding like Bogie and Bacall again? . . . Yo! What we have here is a failure to communicate.
Then we have those conscientious objectors at the State Department who are balking, noisily, at being sent to Iraq. Hey, you could get killed over there! Which is a possibility our troops face every day. But the striped-pants brigade, or at least its more raucous elements, seem to think they deserve a pass . . . Do you think these characters have ever read the oath they took? Or noticed they were applying for the foreign service? . . . Did they think they were signing up only for posh posts in London and Madrid? Come to think, those locales haven't proved immune to terror attacks, either.
True conscientious objectors pacifists on grounds of moral principle are allowed an exemption from combat, and should be. But they're not allowed to pick and choose which of their country's wars they will participate in. Forget wars of choice; we now have foreign policies of choice . . . What ever happened to an honorable course like just resigning? But the new breed of diplomat and dissenter (not necessarily in that order) wants to protest without risking pay and perks.
Tune in again next week. Till then, this is your devoted correspondent signing off for Jergen's with lotions of love.
Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
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.
Paul Greenberg Archives
© 2006 Tribune Media Services, Inc.
|
|

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
|