Washington Post,December 25,2007 Page A1,A20: Professor Zhang at Zhejiang University said:"People will be less and less happy even though they have more and more money." I gave my lectures in Shanghai in 1981 apropos of Economist Paul Samuelson's view calling material consumption over desire for happiness. I recommended adding intellectual pursuit and spiritual satisfaction plus good health in the numerator over the desire as denominator. I sent my blogs in the past.www.baidu.com to search shihao for such blogs if interested. On page A20,Bill Gates read ancient Chinese classics in middle school and I have reason to believe that Confucianism is a part and parcel of Chinese classics. Visit www.ask.com for Philosophy of Mencius for reference.
On poage D2: Morgan Stanley sets China prices- Morgan Stanley determined the range of prices to be used when China's international investment fund converts $5 billion worth of securities into Morgan Stanley stock. China Investment Corp. agreed to buy Morgan Stanley securities that will be convertible to up to 9.9% of the bank's stock in 2010, at a price of no more than 1.2 times the reference price to be confirmed yesterday. The reference price would be between $48.07 and $57.68. Published by the Washington Post,Dec.25, 2007
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