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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

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

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

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 August 1, 2006 / 7 Menachem-Av, 5766

Blueprint's new idea

By Michael Barone


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http://www.JewishWorldReview.com | One of the best political magazines around is the Democratic Leadership Council's bimonthly Blueprint, edited by my former U.S. News colleague Peter Ross Range. This month's issue has several thoughtful and interesting articles. I'd like to focus on one, Austan Goolsbee's "Democratic Capitalism." Goolsbee is an economics professor at the University of Chicago but not a discipleine of the "Chicago school" of Milton Friedman and others. He's bothered, as many Democrats and the editorial writers of the Washington Post are, by the apparent rise in economic inequality in the United States. In this article, he focuses not on incomes but on wealth:


The average net worth of the top 10 percent of American families is almost 30 times greater than the average net worth of families in the middle 50 percent of the spectrum — and these disparities in net worth have been growing even faster than the disparities in income.


This is not surprising. As Goolsbee points out, high-income people save and invest a larger share of their income than lower-income people, and so naturally accumulate more wealth. And, as Goolsbee points out, tax deductions for 401(k) investments are worth more in dollars to people in the top income tax bracket. As he doesn't point out, that's necessarily the case with any tax deduction when you have progressive tax rates. There's an intellectually serious case for progressive taxation, but only a progressive tax with no deductions — politically unthinkable here or just about anywhere else — is going to deny high-income earners a disproportionate benefit for deductions.


As others have pointed out, even significant tax rate increases on those with high- incomes, above and beyond repeal of the Bush tax cuts, would have only a limited income redistribution effect. In light of this, Goolsbee sensibly calls not for increasing the tax burden on the rich, but for public policies that will help others accumulate more wealth. Here are his last three paragraphs:


Economists don't know whether the stagnating wage growth of recent years will be a persistent feature of the economy. But the returns on capital investment are as high as they've ever been. So at least until there is some clarity in the wage picture, the clarion call for progressives ought to be: Democratize capital ownership!


In the current order of things, the well-off are benefiting from higher wage growth and higher capital income growth than everyone else. On top of that, they've been enjoying a third helping of dessert in the form of preferential tax incentives that have been much more generous to them than to the middle and working classes.


Providing incentives for more people to share in the modern economy's rewards through savings and investment — that is, democratizing capital ownership — would establish a kind of hedge for the middle class against just the sort of problem the country has experienced in the past three decades, where the economy grows, but the incomes of typical workers stagnate or even fall.


Democratizing capital ownership: an excellent idea. But what sort of public policy would do that? One idea that occurs to me is to have individual investment accounts as part of Social Security. Every wage- earner would have investments and would accumulate wealth in the form of financial instruments over a lifetime. Unfortunately, when George W. Bush proposed individual investment accounts — admittedly, in rather vague form — no Democrats, including the leaders of the DLC, stepped forward to support some such proposal. On the contrary, most Democrats loudly opposed any such policy change. Goolsbee doesn't mention Social Security in his article, but it provides one available mechanism for his goal of democratizing capital ownership. Will the Democrats, when they win congressional majorities and the presidency again, take up his goal? Will they, like Bill Clinton in 1998 and early 1999, give serious consideration to some investment component in Social Security? Sooner or later we'll see.


One griped about this article. Goolsbee, like most people who write about wealth distribution, doesn't stratify the statistics by age. When you do that, you find that young people have very little wealth (often negative net worths) while most Americans in the 55-to- 64 age bracket have significant (six-figure) wealth, as I pointed out in this blog posting. If, like Goolsbee, you're more interested in increasing wealth accumulation among the great mass of Americans than you are in reducing wealth accumulation among the rich, then you ought to recognize that we already have in place public policies — those encouraging and enabling home ownership, 401(k)'s, and similar investment vehicles — that already do that for very many Americans. Your goal then would be to create policies that do more of this.


Another article well worth reading in the latest Blueprint is by DLC leaders Al From and Bruce Reed, "Proven Formula." Here's the nub of their argument:


Fortunately, the Democratic Party doesn't have to look far for a robust political and governing philosophy. It's called Clintonism, the party's most successful formula for winning the White House in more than half a century.


One of the fascinating things about American politics today is the way the Democrats have turned their back on Bill Clinton's politics and public policies. It's almost as if the Clinton administration and the two Clinton election victories had never existed. Democrats seem so frozen in their hatred of George W. Bush (From and Reed throw them some red-meat denunciations of Bush) that they have lost sight of what was, as From and Reed point out, a winning political formula.

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.

BARONE'S LATEST
Hard America, Soft America: Competition vs. Coddling and the Battle for the Nation's Future  

America is divided into two camps, according to U.S. News and World Reports writer and Fox commentator Michael Barone. No, not Red and Blue, though one suspects Barone may taint the two groups in the hues of the 2000 presidential election. Barone's divided America is one part Hard, one part Soft. Hard America is steeled by the competition and accountability of the free market, while Soft America is the product of public school and government largesse. Inspired by the notion that America produces incompetent 18 year olds and remarkably competent 30 year olds, Barone embarks on a breezy 162-page commentary that will spark mostly huzzahs from the right and jeers from the left. Sales help fund JWR.

JWR contributor Michael Barone is a columnist at U.S. News & World Report. Comment by clicking here.




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