On the same day as the World Economic Forum was holding its dramatic closing session with back-to-back speeches from President Mahmoud Abbas, Israeli President Shimon Peres and US Secretary of State John Kerry, I was mourning the passing of a dear friend's mom. 

Abbas reiterated the Palestinian government’s total commitment to peace and security, practically begging the Israelis to allow his local police to receive the small shipment of arms that has been rotting in Jordan for years. Peres, the president without much power, contradicted his own prime minister by embracing the Arab Peace Initiative and begging the Palestinians to come to the negotiating table, where they are bound to be surprised.

Finally, Kerry sounded even more desperate to see through some change in the Middle East’s most intractable conflict. One of his solutions is to throw money at the Palestinian-Israeli impasse. Kerry waved $4 billion to the Palestinians, money he said he has received in investment commitments from Japanese, European and others (not clear how much from the United States).

To be fair, after Kerry repeated his financial offer, which he said both Israeli Prime Minister Benjamin Netanyahu and Abbas supported, he said that an economic peace should not replace a political peace process.