Two Big Chinese banks post hefty profit gain: Industrial and Commercial Bank of China and Bank of Communications in different cities in China.
Page C5: Citi seeks $3 billion more common stock sale would lift infusion to $39 billion total. That remains to be seen. I visited Citi Bank in Shanghai in October 2007.
Bank of America Corporation and JP Morgan Chase and Co. have been going to the markets to pad their coffers. Bank of America has about 10% invested stake with China Construction Bank, I have reason to believe that negotiations will be conducted in the months to come for mutual benefit.
Francis Shieh a.k.a. Xie Shihao, a visitor of China Construction Bank in Shanghai,Nanjing and other cities in Jiangsu province in January and February 2008. April 30, 2008 at 9.20 p.m.
Wednesday, April 30, 2008
WashPost,April 29,08 A shift in mood due to media distortion
A recent survey by a Beijing polling group found that more than 80% of those questioned believed Western news media were conveying a biased image of China abroad.
Behind the public mood, there is a tightening of security that officials say is likely to last until after the Games. Reason: There may be a few extreme people who would violate law and order during the Olympics. The Foreign Ministry declared it has made no changes in visa rules and seeks to facilitate travel to China.
There is a Chinese expression: "Ren bu fan wo,wo bu fan ren." In other words,if other folks do not attack me,I'll not do any harm to others at all. Such traditional lines are known to all Chinese with education with instant understanding.
Francis Shieh a.k.a. Xie Shihao who saw the situation clearly on CCTV-4 during March 14, 2008 for violations of law and order such as rioting,beating,burning and killing by criminals in Tibet with the intent to disrupt the Olympics. April 30, 2008.
Behind the public mood, there is a tightening of security that officials say is likely to last until after the Games. Reason: There may be a few extreme people who would violate law and order during the Olympics. The Foreign Ministry declared it has made no changes in visa rules and seeks to facilitate travel to China.
There is a Chinese expression: "Ren bu fan wo,wo bu fan ren." In other words,if other folks do not attack me,I'll not do any harm to others at all. Such traditional lines are known to all Chinese with education with instant understanding.
Francis Shieh a.k.a. Xie Shihao who saw the situation clearly on CCTV-4 during March 14, 2008 for violations of law and order such as rioting,beating,burning and killing by criminals in Tibet with the intent to disrupt the Olympics. April 30, 2008.
Nap-friendly folks can be creative. You bet!
A number of American firms either make nap rooms available to their workers or encourage them to put their heads down on their desks. Published by the Washington Post,4/29/08 page F5. Such practice is not uncommon in China as well for Sino-American Economics of Health,the wellbeing is the human capital for certainty.
Since in China and in USA,the majority folks are not getting a good night's sleep under the competitive market system,naps are increasingly important restoratives.
Experts see the benefits of taking Vitamin D to reduce cancer risk,such as colon,prostate and lung cancer. Vitamin D is to be key for bone health at all ages including in the prevention of falls in the elderly. Morever, among the findings in 18 studies involving 60,000 folks, Vitamin D takers had a 7% reduction in mortality.
The above are my recommendations for your good health leading to be centenarians.
Francis Shieh a.k.a. Xie Shihao on Wednesday, April 30, 2008 at 9.53 a.m.
Since in China and in USA,the majority folks are not getting a good night's sleep under the competitive market system,naps are increasingly important restoratives.
Experts see the benefits of taking Vitamin D to reduce cancer risk,such as colon,prostate and lung cancer. Vitamin D is to be key for bone health at all ages including in the prevention of falls in the elderly. Morever, among the findings in 18 studies involving 60,000 folks, Vitamin D takers had a 7% reduction in mortality.
The above are my recommendations for your good health leading to be centenarians.
Francis Shieh a.k.a. Xie Shihao on Wednesday, April 30, 2008 at 9.53 a.m.
A poet is supposed to be creative. A style for such endeavor
Ten points or pointers for your kind reference:
1.Learning to be loved for my imperfections.
2.Mea culpa,mea culpa,mea maxi culpa.
3.Sins are original or venial et al.
4.Our Father and three Hail Marys would do.
5.Our soul is immortal without any reservation.
6.Enjoy life on earth with aesthetic humor.
7.Yearning to be a contributor in this mundane world.
8.A literary composition with feeling and noble thought.
9.A verse may be considered as a prose with creative originality.
10.Blogging random thought online would be sufficient to the wise.
Francis Shieh a.k.a. Xie Shihao,a self-styled poet with sentiment or a so-called sentimental poet with spoof. You be the judge to be judged(sic). Thanks for your understanding. April 30, 2008 at 7.15 a.m.
1.Learning to be loved for my imperfections.
2.Mea culpa,mea culpa,mea maxi culpa.
3.Sins are original or venial et al.
4.Our Father and three Hail Marys would do.
5.Our soul is immortal without any reservation.
6.Enjoy life on earth with aesthetic humor.
7.Yearning to be a contributor in this mundane world.
8.A literary composition with feeling and noble thought.
9.A verse may be considered as a prose with creative originality.
10.Blogging random thought online would be sufficient to the wise.
Francis Shieh a.k.a. Xie Shihao,a self-styled poet with sentiment or a so-called sentimental poet with spoof. You be the judge to be judged(sic). Thanks for your understanding. April 30, 2008 at 7.15 a.m.
Tuesday, April 29, 2008
Help Wanted: Top Managers in China WSJ 4/29/08
Wall Street Journal,April 29, 2008 page B4: The continuing gap between the education taught in China's universities and the skills businesses are looking for: The Chinese educational system put heavy emphasis on rote memorization but that does not translate well to the foreign firms. European Union Chamber of Commerce urged China to expand interships and vocational education to improve the skill sets of potential workers. Such rationale has been elaborated in "Work and Study Cycle Theory"(1978), "Keys for Economic Understanding"(1971) and "Keys to Economic Understanding"(1976) www.ask.com for reference. American firms will continue to invest, expand and stay in China,said Harley Seyedin, chairman of the American Chamber of Commerce in South China.
Francis Shieh a.k.a. Xie Shihao tries to bridge the gaps via publications as cited above. April 29, 2008
Francis Shieh a.k.a. Xie Shihao tries to bridge the gaps via publications as cited above. April 29, 2008
Where does the money go? Federal Budget Crisis!
By Scott Bittle Harper Collins Paperback $16.95
Page 32: Holder of US debt: Japan : 612+ billion China: 420+ billion as of May 2007.
More in 2008 and beyond...
For further research: www.whitehouse.gov/omb/budget
www.cbo.gov
www.gao.gov
www.treasurydirect.gov/govt/htm
www.crfb.org(Committee for a Respectablegovt
www.concordcoalition.org
www.brookings.edu
www.facingup.org
Federal debt will affect our savings,retirement,mortgage,health care and our offspring.
Such book is wonderfully illuminating. It gives us the tools we need to reach our own judgments and make our own decisions.
Confucius said:"Ji suo wu yu, wu shi yu ren." Eight Chinese characters in saying "Never impose on others what you would not choose for yourself."
Confucianism branches out two philosophers i.e. Mencius and Xunzi.
Mencius believed in the inherent decency of humankind but also addressed the dark side as the realities of the world around us.
Xunzi seemed to mirror the original sin theory. Both thinkers stress morality and justice.
Query: 1. Would Sino-American Economics be relevant to the events today as the period of Confucianism? Such intellectual food may be digested by those who can taste the varied kinds of food with thughtful insights.
2. Would Economics be linked with law and philosophy to be incorporated in the East and the West to share human problems under the same spotlight? The answer is in the minds of the readers with options of judgments.
Francis Shieh a.k.a. a student of economics with focus of the law of comparative advantage in the context of philosophical underpinnings. April 29, 2008 at 1.50 p.m.
Page 32: Holder of US debt: Japan : 612+ billion China: 420+ billion as of May 2007.
More in 2008 and beyond...
For further research: www.whitehouse.gov/omb/budget
www.cbo.gov
www.gao.gov
www.treasurydirect.gov/govt/htm
www.crfb.org(Committee for a Respectablegovt
www.concordcoalition.org
www.brookings.edu
www.facingup.org
Federal debt will affect our savings,retirement,mortgage,health care and our offspring.
Such book is wonderfully illuminating. It gives us the tools we need to reach our own judgments and make our own decisions.
Confucius said:"Ji suo wu yu, wu shi yu ren." Eight Chinese characters in saying "Never impose on others what you would not choose for yourself."
Confucianism branches out two philosophers i.e. Mencius and Xunzi.
Mencius believed in the inherent decency of humankind but also addressed the dark side as the realities of the world around us.
Xunzi seemed to mirror the original sin theory. Both thinkers stress morality and justice.
Query: 1. Would Sino-American Economics be relevant to the events today as the period of Confucianism? Such intellectual food may be digested by those who can taste the varied kinds of food with thughtful insights.
2. Would Economics be linked with law and philosophy to be incorporated in the East and the West to share human problems under the same spotlight? The answer is in the minds of the readers with options of judgments.
Francis Shieh a.k.a. a student of economics with focus of the law of comparative advantage in the context of philosophical underpinnings. April 29, 2008 at 1.50 p.m.
Hungry Plant:WashPost,4/27/B5-Market Forces
Two families couldn't be more different:
The Cuis, who live in the countryside about two hours outside Beijing, eat largely unbranded traditional foods cooked at home. The traditional Chinese way of life.
The Dongs, who live in Beijing proper, eat food from the global marketplace - shoppinig at supersized international markets, such as Ito-Yokado(Japanese) and Carrefour(French), which are quickly replacing the city's traditional mom and pop market stalls. They are influenced by the international market forces.
Folks love to have options in China and in the United States. However,the cost would be different for varied lifestyles. The son of my niece(my sister's daughter) plays golf and drives a car in Beijing with his good business of high income. His lifestyle is the same as my offspring in the USA but the lifestyle of the parents is still under the influence of the traditional Chinese culture. There is generation gap leading to the cultural gap in China and in the United States.
Francis Shieh a.k.a. Xie Shihao, an observer on Tuesday,April 29, 2008.
The Cuis, who live in the countryside about two hours outside Beijing, eat largely unbranded traditional foods cooked at home. The traditional Chinese way of life.
The Dongs, who live in Beijing proper, eat food from the global marketplace - shoppinig at supersized international markets, such as Ito-Yokado(Japanese) and Carrefour(French), which are quickly replacing the city's traditional mom and pop market stalls. They are influenced by the international market forces.
Folks love to have options in China and in the United States. However,the cost would be different for varied lifestyles. The son of my niece(my sister's daughter) plays golf and drives a car in Beijing with his good business of high income. His lifestyle is the same as my offspring in the USA but the lifestyle of the parents is still under the influence of the traditional Chinese culture. There is generation gap leading to the cultural gap in China and in the United States.
Francis Shieh a.k.a. Xie Shihao, an observer on Tuesday,April 29, 2008.
Monday, April 28, 2008
An economist's view published by WashPost,4/27/08
Page B7: Robert Frank is the author of "Falling Behind: How Rising Inequality Harms the Middle Class" He is at Johnson Graduate School of Management at Cornell University.
Did irresponsible borrowing and a lust for luxury fuel the housing bubble and subsequent foreclosures? A major factor may have been parents seeking the best schools for their children.
I do agree such analysis as I have observed the diminising financial status of the middle class in USA. My recommendations would be similar in Chinese expressions.
"Zi Xue Cheng Cai" i.e. Self-study is the best bet at one's own pace in the library. I am always a student to validate my "Work and Study Cycle Theory" to be implemented as my own lab everyday in libraries without tuition.
"Zhong Yong Zhi Dao" i.e. Moderation is the guideline to have options according to the ability of the Middle Class folks honoring the backbone of our society with middle class status.
"Bi shang bu zu" "bi xia you yu" Confucian's way in eight Chinese characters - idioms for my devotional mantra since 1940s. Francis Shieh a.k.a. Xie Shihao. April 28, 2008
Did irresponsible borrowing and a lust for luxury fuel the housing bubble and subsequent foreclosures? A major factor may have been parents seeking the best schools for their children.
I do agree such analysis as I have observed the diminising financial status of the middle class in USA. My recommendations would be similar in Chinese expressions.
"Zi Xue Cheng Cai" i.e. Self-study is the best bet at one's own pace in the library. I am always a student to validate my "Work and Study Cycle Theory" to be implemented as my own lab everyday in libraries without tuition.
"Zhong Yong Zhi Dao" i.e. Moderation is the guideline to have options according to the ability of the Middle Class folks honoring the backbone of our society with middle class status.
"Bi shang bu zu" "bi xia you yu" Confucian's way in eight Chinese characters - idioms for my devotional mantra since 1940s. Francis Shieh a.k.a. Xie Shihao. April 28, 2008
The rise of China's Market Economy:WashPost,4/28/08
For Chinese athletes,Western style Perks: Individual accomplishments are recognized but the promotion of public interest is also noted via CCTV-4. The mix of public and private sectors is in evidence. Such can be found in USA as well.
Page A12: Yao Ming,star of the Houston Rockets professional baseketball team and Liu Xiang, a rock star hurdler are cited. Both are natives of Shanghai. They both speak Mandarin and Shanghai dialect.(Wu)
Sports are commercialized and more stars will be generated just like in the USA.
Nike,Coca-cola, Visa are sponsors plus Chinese brands such as a real estate firm and a cigarette-maker. Here we can easily detect that Sino-American Economics are merged together in action as the title of my blogs.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai since 1926 and a resident of USA since 1947,a student in economics forevermore with fun. April 28, 2008
Page A12: Yao Ming,star of the Houston Rockets professional baseketball team and Liu Xiang, a rock star hurdler are cited. Both are natives of Shanghai. They both speak Mandarin and Shanghai dialect.(Wu)
Sports are commercialized and more stars will be generated just like in the USA.
Nike,Coca-cola, Visa are sponsors plus Chinese brands such as a real estate firm and a cigarette-maker. Here we can easily detect that Sino-American Economics are merged together in action as the title of my blogs.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai since 1926 and a resident of USA since 1947,a student in economics forevermore with fun. April 28, 2008
Sunday, April 27, 2008
Terror and Consent by Prof. Bobbitt,Columbia University
Professor of Jurisprudence Philip Bobbitt published "TERROR and CONSENT." Knopf 672 pp.$35 Reviewed by Daniel Byman,Georgetown Center for Peace and Security Studies.
Bobbitt gently criticizes Samuel Huntington's "Clash of Civillizations" and Francis Fukuyama's "End of History." He contends that the world is in transition from nation states to market states whose strategic reason for being is the protection of civilians, not simply territory ior national wealth or any particular dynasty,class, religion or ideology. This shift has huge implications for counterterrorism, because future terrorists particularly if they possess nuclear or biological weapons may threaten the legitimacy of the market state.Professor Bobbit thinks BIG!
Since both USA and China are against terrorism. Such book may be an interesting reference with a mixture of caution and open-mindness.
Francis Shieh a.k.a. Xie Shihao on April 27, 2008. As an alumnus of Georgetown,I am very much interested in the Center for Peace and Security Studies apropos of Sino-American Economics in the 21st century. P.S. WashPost,April 26, 2008 page C7: USS Nimitz steams into the western Pacific Ocean during a combined carrier group training exercise. Nancy Nimitz,the daughter of Admiral Nimitz was a researcher at RAND in 1964 and I was introduced to her by Richard Moorsteen,the author of "Remaking China Policy" Harvard University Press,1971.
Bobbitt gently criticizes Samuel Huntington's "Clash of Civillizations" and Francis Fukuyama's "End of History." He contends that the world is in transition from nation states to market states whose strategic reason for being is the protection of civilians, not simply territory ior national wealth or any particular dynasty,class, religion or ideology. This shift has huge implications for counterterrorism, because future terrorists particularly if they possess nuclear or biological weapons may threaten the legitimacy of the market state.Professor Bobbit thinks BIG!
Since both USA and China are against terrorism. Such book may be an interesting reference with a mixture of caution and open-mindness.
Francis Shieh a.k.a. Xie Shihao on April 27, 2008. As an alumnus of Georgetown,I am very much interested in the Center for Peace and Security Studies apropos of Sino-American Economics in the 21st century. P.S. WashPost,April 26, 2008 page C7: USS Nimitz steams into the western Pacific Ocean during a combined carrier group training exercise. Nancy Nimitz,the daughter of Admiral Nimitz was a researcher at RAND in 1964 and I was introduced to her by Richard Moorsteen,the author of "Remaking China Policy" Harvard University Press,1971.
Saturday, April 26, 2008
New York Times,April 26, 2008 page A13
China's Police shop for the West's latest at Beijing trade show including Ryan Science and Technologies from Santa Barbara,California,USA. Such firm obeys the rules of the US Department of Commerce for exports to China.
Chinese entrepreneur starting with only $31 in the pocket but now his business products include digital cameras,MP3 player and a new iphone - like all-in-one device. Horatio Alge story by 1.3 billion folks in China in booming business with bright future. Chinese are known to be good in business especially in Southeast Asia. When I visited Malaysia,Thailand and Singapore,I was greatly impressed by their wealth and economic influence there. Now the nations in Asia are united for economic cooperation and collaboration for mutual benefit.
Guam's moment in the Sun: May 3rd,Guam is a player re the Democratic primaries for the first time. Residents in Guam can help choose a presidential nominee.
As I sent my blogs in the past: America's Day starts at Guam and I remember having luncheon with a former Governor of Guam who was my schoolmate at the University of San Francisco decades ago. It is interesting to note that he used his fingers for eating rice instead of chopsticks. That made an impression on me!
Francis Shieh a.k.a. Xie Shihao at USF from 1947-1948 before coming to Georgetown University Graduate School in 1948. That was 60 years ago! April 26, 2008
Chinese entrepreneur starting with only $31 in the pocket but now his business products include digital cameras,MP3 player and a new iphone - like all-in-one device. Horatio Alge story by 1.3 billion folks in China in booming business with bright future. Chinese are known to be good in business especially in Southeast Asia. When I visited Malaysia,Thailand and Singapore,I was greatly impressed by their wealth and economic influence there. Now the nations in Asia are united for economic cooperation and collaboration for mutual benefit.
Guam's moment in the Sun: May 3rd,Guam is a player re the Democratic primaries for the first time. Residents in Guam can help choose a presidential nominee.
As I sent my blogs in the past: America's Day starts at Guam and I remember having luncheon with a former Governor of Guam who was my schoolmate at the University of San Francisco decades ago. It is interesting to note that he used his fingers for eating rice instead of chopsticks. That made an impression on me!
Francis Shieh a.k.a. Xie Shihao at USF from 1947-1948 before coming to Georgetown University Graduate School in 1948. That was 60 years ago! April 26, 2008
Wall Street Journal,4/26-27/08. WashPost,4/25/08
Page A2: "We consider what we're in to be a recession," said Drew Matus, an economist for Lehman Brothers Holding Inc. I sent my previous blogs with the same rationale. Birds of the same feather,flock together but we are not birds. We are economists and we can "fly like the birds" (sic) in humor.
Page A1,A10: China offers talks on Tibet: Use mouth,not hands! Talk but no violence.
A possible rapprochement? Hopefully! Any conflict is not desirable for China and Tibet has been and is a part of China. Remember- March 14,08: Riot,beating,robbing and killing by the radical Tibetans! Such violence required law and order by police and the military to calm down such acts. That is justified for the peace and order of folks in Tibet and other parts of China.
Concern rises over China Visa: Tightening policy is designed for peace and order before Olympics but business travelers would complain for hassles. Well,what is more imporant? When we have to go through security check points before boarding,that is hassle as well for security. Here is common ground for Sino-American Economics of Security. Security is better than Violence without security. Concur or demur?
Washington Post,April 25, 2008 page A22:
Who'll cover the checks: The Democratic candidates tax and spending plans are costly and ambitious- and probably short on fiscal realism. My comment: I taught Macro-economics involving fiscal policy for decades and I can use the following expressions in Pin Yin system of romanization to describe such situations:
"Jie hua xian fo" meaning to borrow flowers to offer to Buddda with the insinuation that someone uses other folks' funding for the priorities as the leaders see fit. Those who have political clouts are in the position to call the shots. That is it!
"Kong zhong lou ge" meaning a castle in the sky or a pie in the sky. Looks good but maybe far-fetched at best.
The above four-word Chinese idioms can be understood by those who know the Chinese language. However,for those who do not understand the Pin Yin,never too late to learn since I have learned it. YES,WE CAN! We heard such expression at the campaign speeches and we can be online as well. Hehehahahoho all the way and we shall live to be centenarians.
Francis Shieh a.k.a. Xie Shihao, a lifelong learner and student of English,Chinese and Economics for win-win-win i.e. triple A battery when charged with our willpower to tackle languages in economics. April 26, 2008. Your feedback is hereby invited.
Page A1,A10: China offers talks on Tibet: Use mouth,not hands! Talk but no violence.
A possible rapprochement? Hopefully! Any conflict is not desirable for China and Tibet has been and is a part of China. Remember- March 14,08: Riot,beating,robbing and killing by the radical Tibetans! Such violence required law and order by police and the military to calm down such acts. That is justified for the peace and order of folks in Tibet and other parts of China.
Concern rises over China Visa: Tightening policy is designed for peace and order before Olympics but business travelers would complain for hassles. Well,what is more imporant? When we have to go through security check points before boarding,that is hassle as well for security. Here is common ground for Sino-American Economics of Security. Security is better than Violence without security. Concur or demur?
Washington Post,April 25, 2008 page A22:
Who'll cover the checks: The Democratic candidates tax and spending plans are costly and ambitious- and probably short on fiscal realism. My comment: I taught Macro-economics involving fiscal policy for decades and I can use the following expressions in Pin Yin system of romanization to describe such situations:
"Jie hua xian fo" meaning to borrow flowers to offer to Buddda with the insinuation that someone uses other folks' funding for the priorities as the leaders see fit. Those who have political clouts are in the position to call the shots. That is it!
"Kong zhong lou ge" meaning a castle in the sky or a pie in the sky. Looks good but maybe far-fetched at best.
The above four-word Chinese idioms can be understood by those who know the Chinese language. However,for those who do not understand the Pin Yin,never too late to learn since I have learned it. YES,WE CAN! We heard such expression at the campaign speeches and we can be online as well. Hehehahahoho all the way and we shall live to be centenarians.
Francis Shieh a.k.a. Xie Shihao, a lifelong learner and student of English,Chinese and Economics for win-win-win i.e. triple A battery when charged with our willpower to tackle languages in economics. April 26, 2008. Your feedback is hereby invited.
National Geographic Magazine,May 2008 on China
Culture page: Bishop Aloysius Jin Luxian is cited in St.Ignatius Cathedral in Shanghai,China. I taught at St. Ignatius College,1945-1947 with happy memories.
Economy page: China is the factory to the world;
70% of world's umbrella made in China;
80% of world's buttons made in China;
72% of US shoes made in China;
50% of US kitchen appliances made in China;
85% of artificial Xmas trees made in China;
9% of Chinese goods end up on Wal-Mart shelves. Ordinary American consumers shop at Wal-Mart to pay less for Chinese products as evidence of benefits of trade to validate the Law of Comparative Advantage in economics.
Thomas Tank engine train set would mean 6 weeks Chinese factory workers' wages i.e. average about US $200 per week. In the USA,it would cost $1200. The point is PPP i.e. Purchasing Power Parity. That is the reason why international workers come to USA to earn US$ and spend US$ in their respective nations as the practice of International Division of Labor. Such is Sino-American Economics Lesson One or Chapter One: Purchasing Power Parity to be known to readers of my blogs.
Francis Shieh a.k.a. Xie Shihao,an observer from Shanghai in 1947 to watch international division of labor "to optimize and maximize" as an economics-savvy and user-friendly online student on April 26, 2008 P.S. Shanghai stocks skyrocket 9.3% -Wall Street Journal,April 25, 2008 page C2. Folks in China are aware of the market economy in evidence!
Economy page: China is the factory to the world;
70% of world's umbrella made in China;
80% of world's buttons made in China;
72% of US shoes made in China;
50% of US kitchen appliances made in China;
85% of artificial Xmas trees made in China;
9% of Chinese goods end up on Wal-Mart shelves. Ordinary American consumers shop at Wal-Mart to pay less for Chinese products as evidence of benefits of trade to validate the Law of Comparative Advantage in economics.
Thomas Tank engine train set would mean 6 weeks Chinese factory workers' wages i.e. average about US $200 per week. In the USA,it would cost $1200. The point is PPP i.e. Purchasing Power Parity. That is the reason why international workers come to USA to earn US$ and spend US$ in their respective nations as the practice of International Division of Labor. Such is Sino-American Economics Lesson One or Chapter One: Purchasing Power Parity to be known to readers of my blogs.
Francis Shieh a.k.a. Xie Shihao,an observer from Shanghai in 1947 to watch international division of labor "to optimize and maximize" as an economics-savvy and user-friendly online student on April 26, 2008 P.S. Shanghai stocks skyrocket 9.3% -Wall Street Journal,April 25, 2008 page C2. Folks in China are aware of the market economy in evidence!
Friday, April 25, 2008
An update: Applied Economic Theory into Practice
Sequel to the Nature of Economic Science in contemporary scene:
The traditional norm or standard, once accepted as a conventional wisdom to be passed down from one generation to another, is no longer a stable body of principles that all researchers agree as models. Such classical and Keynesian economic models have been challenged by new ones drawn from popular culture of economics. Serious attention is now paid to the real world for relevance that once were not deemed worthy of study in the issues in economics. Our task, now that the established models are no longer accepted as realistic happenings. Competing economic systems create differing new model such as the special characteristics of China's economy with the concept of " One nation,two systems" that I lectured in Hong Kong in 1989-1990 as a Fulbright Senior Scholar. We have the right to question basic assumptions in the field of economics. The vitality of the new approaches comes from the fact that they closely connect people with our lives. Socio-Economics make us examine values and practices that are so much a part of our lives that they exist, most of the time, beyond our questioning and evaluation. "Work and Study Cycle Theory" is to be validated and implemented in the United States and in China with the common ground to enhance productivity. Cf.www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao,a student of economics since 1943. April 25, 2008
The traditional norm or standard, once accepted as a conventional wisdom to be passed down from one generation to another, is no longer a stable body of principles that all researchers agree as models. Such classical and Keynesian economic models have been challenged by new ones drawn from popular culture of economics. Serious attention is now paid to the real world for relevance that once were not deemed worthy of study in the issues in economics. Our task, now that the established models are no longer accepted as realistic happenings. Competing economic systems create differing new model such as the special characteristics of China's economy with the concept of " One nation,two systems" that I lectured in Hong Kong in 1989-1990 as a Fulbright Senior Scholar. We have the right to question basic assumptions in the field of economics. The vitality of the new approaches comes from the fact that they closely connect people with our lives. Socio-Economics make us examine values and practices that are so much a part of our lives that they exist, most of the time, beyond our questioning and evaluation. "Work and Study Cycle Theory" is to be validated and implemented in the United States and in China with the common ground to enhance productivity. Cf.www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao,a student of economics since 1943. April 25, 2008
East and West are One on earth in this mundane world
Singaporean diplomat Kishore Mahbubani, a canny and controversial prophet with a creative mind says that Americans and Europeans should lose their arrogance and those in China and in Asia should step up to the role of global leadership. My comment: English-speaking folks in USA and in Europe should learn Chinese and folks in China should learn English for true understanding of culture from the original source materials in the 21st century. Dean Mahbukbani is a galling scholar with gimlet-eyed view to be aware of vacuous and hypocritical Western value as some others would perceive such in the conceptual generalities.
"My life as a Quant" by Emanuel Derman. Wiley.com for info. To wit:
The hardest of all sciences(physics) to the soft(economics) However,we must try to bridge and two cultural gaps with surprising humanity apropos of the Chinese language and philosophy. Chinese scholars are not degree-oriented in the past history but status is still in vogue from tradition.
My own reflection apropos of degress in higher education with humor:
Bachelor is single,not married.
Master is the one who can master a subject matter as a specialist.
Ph.D. is a learned scholar,a doctor of philosophy but not a medical physician. By definition,a Ph.D. holder is a researcher by virtue of his pursuit of knowledge re science in different catagories. The main achievement of a Ph.D. is the completion of a piece of original research with creativity as described in a doctoral dissertation. Any theory may be rejected,modified or accepted in an academic community. "Work and Study Cycle Theory" is accepted because it is confirmed by conventional empirical evidence of being relevant.
Physicists know the difference between a fundamental theory and a phenomenological toy,useful though the latter may be. Trained economists have never seen a really first-class model. It's not that physics is better,but rather that economics is nebulous! In economics,researchers who value assets based on their ephemeral opinions(sic). Every economic axiom may b demonstrably incorrect... The real question is how wrong is the theory, and how useful is it regardless of its validity. Sounds ambiguous. Well,it is meant to be!
Francis Shieh a.k.a. Xie Shihao, a student trying to find economics in headlines and in our daily living. April 25, 2008 at 1.10 p.m.
"My life as a Quant" by Emanuel Derman. Wiley.com for info. To wit:
The hardest of all sciences(physics) to the soft(economics) However,we must try to bridge and two cultural gaps with surprising humanity apropos of the Chinese language and philosophy. Chinese scholars are not degree-oriented in the past history but status is still in vogue from tradition.
My own reflection apropos of degress in higher education with humor:
Bachelor is single,not married.
Master is the one who can master a subject matter as a specialist.
Ph.D. is a learned scholar,a doctor of philosophy but not a medical physician. By definition,a Ph.D. holder is a researcher by virtue of his pursuit of knowledge re science in different catagories. The main achievement of a Ph.D. is the completion of a piece of original research with creativity as described in a doctoral dissertation. Any theory may be rejected,modified or accepted in an academic community. "Work and Study Cycle Theory" is accepted because it is confirmed by conventional empirical evidence of being relevant.
Physicists know the difference between a fundamental theory and a phenomenological toy,useful though the latter may be. Trained economists have never seen a really first-class model. It's not that physics is better,but rather that economics is nebulous! In economics,researchers who value assets based on their ephemeral opinions(sic). Every economic axiom may b demonstrably incorrect... The real question is how wrong is the theory, and how useful is it regardless of its validity. Sounds ambiguous. Well,it is meant to be!
Francis Shieh a.k.a. Xie Shihao, a student trying to find economics in headlines and in our daily living. April 25, 2008 at 1.10 p.m.
USNWR,April 28-May 5,08 issue: Tidbit re USA,China
Americans are using copious amounts of electricity to power gadget-filled lives. That is the lifestyle to be reflected in applied economics in my way of thinking.
Page 34: Obama listens to David Cutler, Harvard Professor of Applied Economics. I am an advocate of applied economics. I would relate the economic happenings to be integrated to principles with relevance in my decades of teaching economics.
Harvard Professor of Economics Houthakker received a papal honor in 1970s and participated with Kennneth Arrow,Jeffrey Sachs, Amartya Sen in a Vatican symposium marking the centennial of "Rerum Novarum" a pronouncement on the state of the working classes. I studied such document at the University of San Francisco in 1947-1948 with fond memories. Prof. Houthakker developed "Consumer Behavior Theory" which is Micro approach in economics and I tried to develop "Work and Study Cycle Theory" with Microview of training with macro impact on unemployment as I had such vision in 1970s with recollection. Thoughts in the 20th century to be relevant to the realities in the 21st century as a student of economics.
David Blumenthal,a physician and Harvard Health Policy Professor. Health economics is related to Human Capital field of economics in the same ballpark of education and training for economic development in the positive way.
Page 60: The secret of wealth lies in real estate purchases which enabled Alan Carey to become a millionaire in his 20s. But the state of the economy has been changing...
Money-saving measure: Living off ramen noodles for 3 months but not good for health due to chemical ingredients. I recommend Chinese food,inexpensive but nutritious.
Jimmy Carter has been named as " an idiot savant." (sic) I would strongly demur. Carter is a good person,indeed!
Smithsonian Institution has exhibits on China until June 2008. Worth seeing!
National Geographical Magazine,May 2008 issue has special feature articles on China. Worth reading such inside stories with photos.
Francis Shieh,an octogenarian reader with focus on USA and China in economics et al. April 25 2008 at 7.40 a.m.
Page 34: Obama listens to David Cutler, Harvard Professor of Applied Economics. I am an advocate of applied economics. I would relate the economic happenings to be integrated to principles with relevance in my decades of teaching economics.
Harvard Professor of Economics Houthakker received a papal honor in 1970s and participated with Kennneth Arrow,Jeffrey Sachs, Amartya Sen in a Vatican symposium marking the centennial of "Rerum Novarum" a pronouncement on the state of the working classes. I studied such document at the University of San Francisco in 1947-1948 with fond memories. Prof. Houthakker developed "Consumer Behavior Theory" which is Micro approach in economics and I tried to develop "Work and Study Cycle Theory" with Microview of training with macro impact on unemployment as I had such vision in 1970s with recollection. Thoughts in the 20th century to be relevant to the realities in the 21st century as a student of economics.
David Blumenthal,a physician and Harvard Health Policy Professor. Health economics is related to Human Capital field of economics in the same ballpark of education and training for economic development in the positive way.
Page 60: The secret of wealth lies in real estate purchases which enabled Alan Carey to become a millionaire in his 20s. But the state of the economy has been changing...
Money-saving measure: Living off ramen noodles for 3 months but not good for health due to chemical ingredients. I recommend Chinese food,inexpensive but nutritious.
Jimmy Carter has been named as " an idiot savant." (sic) I would strongly demur. Carter is a good person,indeed!
Smithsonian Institution has exhibits on China until June 2008. Worth seeing!
National Geographical Magazine,May 2008 issue has special feature articles on China. Worth reading such inside stories with photos.
Francis Shieh,an octogenarian reader with focus on USA and China in economics et al. April 25 2008 at 7.40 a.m.
Thursday, April 24, 2008
Wall Street Journal,April 24, 2008 page A12
Interest rates and the dollar's value are related. Dollar's depreciation has contributed mightily to the outsized increase in the food and energy component of CPI since 2002 as applied economics.
Amazon stands tall amid slowdown as an evidence of online business.
Euros maybe a saving mechanism to some but I would recommend art, antiques and other metals with intrinsic values as investment without fluctuations of the $.
Senator John McCain stresses job training in community colleges in Kentucky. Cf. The Future of Community Colleges,July 18, 1974 issue."Keys for Economic Understanding" www.Amazon.com for reference.
After my two visits for 7 weeks in last six months in China, I am convinced that China is moving toward the values of democracy under the market system. The arts, economics as represented by Olympics in Beijing 2008 are cultural bridges that all folks in all nations. Such goodwill must be strengthened with the determination to build good cause for humanity in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Thursday,April 24, 2008 at 9.14 p.m.
Amazon stands tall amid slowdown as an evidence of online business.
Euros maybe a saving mechanism to some but I would recommend art, antiques and other metals with intrinsic values as investment without fluctuations of the $.
Senator John McCain stresses job training in community colleges in Kentucky. Cf. The Future of Community Colleges,July 18, 1974 issue."Keys for Economic Understanding" www.Amazon.com for reference.
After my two visits for 7 weeks in last six months in China, I am convinced that China is moving toward the values of democracy under the market system. The arts, economics as represented by Olympics in Beijing 2008 are cultural bridges that all folks in all nations. Such goodwill must be strengthened with the determination to build good cause for humanity in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Thursday,April 24, 2008 at 9.14 p.m.
The New Yorker, April 28, 2008 Welcome to Beijing
Evan Osnos, Beijing bureau chief for the Chicago Tribune on China's race to learn Crazy English when the crowd was rapt by the unusual approach in teaching and learning English with high volume of sound. My comment: There should be equal opportunity for Americans to learn Chinese. "A Glimpse of the Chinese Language" in English is hereby dedicated for such purpose. Cf. www.Amazon.com online book catalog for reference. The founder of Crazy English Li Yang's slogan:"Conquer English to make China stronger." with huckster nationalism via loudness in speaking English. To the founder,such means of shouting might energize personal moxie leading to national power. But loudness is socially unacceptable without proper etiquette. My recommendation for English-speaking folks to learn Chinese with the following buzzwords:"Study Chinese to make USA,UK and other nations to be understood to dovetail Chinese culture for mutual benefit without chauvinism or jingoism." Globalization and some of its contents would mean: "One Human Race,One World and One Dream" for Olympics in Beijing 2008 with positive language exchange opportunities without huckster nationalism in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a lifelong learner of Chinese,English and Economics on Thursday,April 24, 2008 at 1.05 p.m.
Francis Shieh a.k.a. Xie Shihao,a lifelong learner of Chinese,English and Economics on Thursday,April 24, 2008 at 1.05 p.m.
Wednesday, April 23, 2008
WashPost, April 23,08 page A21
"The End of Shopping" American consumers will no longer serve as a reliable engine of growth. C sector expansion would require folks to save less, borrow more and spend more; such cycle now seems finished.
Virtually ubiquitous credit cards( 1.4 billion at last count) separate the pleasure of buying from the pain of paying. The "democratization of credit" supported the shopping spree,indeed!
Many Americans are overextended. In 2007, household debt(including mortgages) totaled $14.4 trillion, or 139% of personal disposable income. Such data are provided for readers to make assessment for the future obligations to be reflected in the American economy.
New York Times last week had the headlines: "Retailing Chains Caught in a Wave of Bankruptcies.
Credit system is now creeping in China but I would not envision such magnitude in the years to come apropos of lifestyle,custom and tradition in China.
Francis Shieh a.k.a. Xie Shihao on April 23, 2008
Virtually ubiquitous credit cards( 1.4 billion at last count) separate the pleasure of buying from the pain of paying. The "democratization of credit" supported the shopping spree,indeed!
Many Americans are overextended. In 2007, household debt(including mortgages) totaled $14.4 trillion, or 139% of personal disposable income. Such data are provided for readers to make assessment for the future obligations to be reflected in the American economy.
New York Times last week had the headlines: "Retailing Chains Caught in a Wave of Bankruptcies.
Credit system is now creeping in China but I would not envision such magnitude in the years to come apropos of lifestyle,custom and tradition in China.
Francis Shieh a.k.a. Xie Shihao on April 23, 2008
HARPERS Magazine, May 2008 Issue
"Why the economy is worst than you know." Third World USA: Numbers Rocket as headlines by Kevin Philips.
Overall insightful analysis: Penchant for manipulating data e.g.,Iraq,Climate change et al. Opacity Crisis - difficult or impossible to measure inflation since there is distortion in US economy as humbugged information or misinformation to the public.
Almost four decades have passed since US scapped its last currency for precious metals. Our copper, nickel coinages still retains intrinsic value with historical significance. US has been forced to gull its citizens and creditors by debasing official statistics.: the vital instruments with which the vigor and muscle of the American economy is measured. Pollyanna Creep galore! My comment: Political necessity of official optimism as we read such article with insights. I would strongly recommend such article on page 43 to 47 in May issue of Harpers for intellectual enrichment.
Francis Shieh a.k.a. Xie Shihao on April 23, 2008
Overall insightful analysis: Penchant for manipulating data e.g.,Iraq,Climate change et al. Opacity Crisis - difficult or impossible to measure inflation since there is distortion in US economy as humbugged information or misinformation to the public.
Almost four decades have passed since US scapped its last currency for precious metals. Our copper, nickel coinages still retains intrinsic value with historical significance. US has been forced to gull its citizens and creditors by debasing official statistics.: the vital instruments with which the vigor and muscle of the American economy is measured. Pollyanna Creep galore! My comment: Political necessity of official optimism as we read such article with insights. I would strongly recommend such article on page 43 to 47 in May issue of Harpers for intellectual enrichment.
Francis Shieh a.k.a. Xie Shihao on April 23, 2008
For recovery,we must learn to live within our means
WashPost,April 23, 2008 on page D3 published the above title
But the realities -"Enjoy now and pay later" with credit cards : the mantra with economic activities nowadays in USA and in China for young folks. I would endorse Chinese culture to live a simple life with spirituality and enjoy things vicariously if we cannot afford to do so. The mindset is significant for our living with impact to have inner happiness. The current state of American economy is the reduction of wealth and living standards in the days to come regardless of the terminology of slowdown or recession. I try to live the life of a student as I came to USA as a student in 1947. I am stuck with the books as guidelines for my way of life. For reiteration as I previously stated. To wit:
Du shu i.e. reading for learning.
Jiao shu i.e. teaching is learning twice.
Xie Shu i.e. books are written for educating others as my mission.
In Pin Yin,the above may be labeled as "San Shu" i.e. Three Books Principles as a lover for learning.
Francis Shieh a.k.a. Xie Shihao on Wed.,April 23, 2008 at 9.55 a.m.
But the realities -"Enjoy now and pay later" with credit cards : the mantra with economic activities nowadays in USA and in China for young folks. I would endorse Chinese culture to live a simple life with spirituality and enjoy things vicariously if we cannot afford to do so. The mindset is significant for our living with impact to have inner happiness. The current state of American economy is the reduction of wealth and living standards in the days to come regardless of the terminology of slowdown or recession. I try to live the life of a student as I came to USA as a student in 1947. I am stuck with the books as guidelines for my way of life. For reiteration as I previously stated. To wit:
Du shu i.e. reading for learning.
Jiao shu i.e. teaching is learning twice.
Xie Shu i.e. books are written for educating others as my mission.
In Pin Yin,the above may be labeled as "San Shu" i.e. Three Books Principles as a lover for learning.
Francis Shieh a.k.a. Xie Shihao on Wed.,April 23, 2008 at 9.55 a.m.
Tuesday, April 22, 2008
Wall Street Journal, April 22, 2008 page A3:
Whom to blame for contaminated supplies of blood thinner heparism?
Tainted supplies called global issue. China rebuts FDA.
Secretary of Health and Human Services Mike Leavitt told reporters that cooperation with China has been good on the agreement signed by US and China in December 2007. "We are working in a productive way despite disagreements." Leavitt said.
Bank of America: Plans for its investment in China Construction Bank in which it owns 9.9% in 2005. Cf. Page C3. CEO said: "It is likely we'll increase our investment in China Construction Bank this year to purchase up to 19.9% stake.
Francis Shieh a.k.a. Xie Shihao visited CCB in Nanjing,Shanghai and other cities in Jiangsu in January and February 2008. It is certainly a popular bank known to local folks in different cities in China. Needless to say,Bank of America is a popular baml in USA as well.
Tainted supplies called global issue. China rebuts FDA.
Secretary of Health and Human Services Mike Leavitt told reporters that cooperation with China has been good on the agreement signed by US and China in December 2007. "We are working in a productive way despite disagreements." Leavitt said.
Bank of America: Plans for its investment in China Construction Bank in which it owns 9.9% in 2005. Cf. Page C3. CEO said: "It is likely we'll increase our investment in China Construction Bank this year to purchase up to 19.9% stake.
Francis Shieh a.k.a. Xie Shihao visited CCB in Nanjing,Shanghai and other cities in Jiangsu in January and February 2008. It is certainly a popular bank known to local folks in different cities in China. Needless to say,Bank of America is a popular baml in USA as well.
GMsshowed its Cadillac in Beijing. Auto Sales are growing
Auto sales in China are set to grow by 20% this year: Washington Post,April 22, 2008 page D5:
High, wide and fuel-hungry, the gleaming black Cadillac Escalade on display at the Beijing auto show is an unlikely car for an era of record oil prices.
Altho US sport-utility vehicle sales are tumbling, auto are finding that for China's newly prosperous car buyers, bigger is still better. Demand for the biggest vehicles is even stronger, with sales of luxury cars and SUVs expected to surge by 40 to 45%. Such phenomenon is welcome news for automakers seeing little or no growth in the USA,Europe and Japan. GM says it will start selling a gas-electric hybrid in China in July. It will be the first manufactured in China and the second in the market after Toyota's Prius. "The Chinese consumer is still back on the curve of satisfying their basic need for transportation." said John Parker, Ford Motor's executive VP for Asia. Here is another empirical evidence of positive Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Tuesday, April 22, 2008 Earth Day for down-to-earth readers to learn the closer Sino-American Economics for mutual benefits.
High, wide and fuel-hungry, the gleaming black Cadillac Escalade on display at the Beijing auto show is an unlikely car for an era of record oil prices.
Altho US sport-utility vehicle sales are tumbling, auto are finding that for China's newly prosperous car buyers, bigger is still better. Demand for the biggest vehicles is even stronger, with sales of luxury cars and SUVs expected to surge by 40 to 45%. Such phenomenon is welcome news for automakers seeing little or no growth in the USA,Europe and Japan. GM says it will start selling a gas-electric hybrid in China in July. It will be the first manufactured in China and the second in the market after Toyota's Prius. "The Chinese consumer is still back on the curve of satisfying their basic need for transportation." said John Parker, Ford Motor's executive VP for Asia. Here is another empirical evidence of positive Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Tuesday, April 22, 2008 Earth Day for down-to-earth readers to learn the closer Sino-American Economics for mutual benefits.
"A Civilization of Love" By Carl Anderson. Harper
The book is the Best seller as reported by WSJ(page A8) and NYT. A bracing call(lingrenzhenfendezhaohuan) to a new American revolution of "VIRTUE"...To heal a wounded culture in USA. My comment: Study Confucianism from the original source material in the Chinese language to learn the love of brothers toward all folks in humanity regardless of national origin. To Wit: Within four seas,we are all brothers(sisters as well) In Pin Yin "Si hai zhi nei, jie xiong di ye." I believe that such expression circa 500 B.C. in China to be fitting and proper as the chosen title of such best-selling book in 2008.
Page A9 of WSJ: China is a nation beset by unfair attacks. When Chinese were silent, Western media want free speech but when Chinese speak up, folks in China are accused of being brainwashed xenophobics. In short,some Westerners have no knowledge and background of the Chinese language and culture from the original sources but rely on English materials only. Western culture has been regarded as World Civilization per se(sic) China's economy is booming to surprise the world;consequently a few people just cannot understand such economic miracle but to belittle and denigrate China (biandi or qingshi) from their own bias as their emotional outlet. There are those who don't know China and those who don't know they don't really know China since Chinese language is unwieldy at best with connotations at length. Westerners have not had the opportunity to learn in schools due to the fact that Western education is oriented to the West paying little or no attention to the East.
Page A14 of WSJ: Love Thy Foe: Gods of Kinmen Island Embrace China. Taiwan is a part of China under the new leadership for closer relations from Chinese history and traditional culture.
The East and the West are "One Human Race,""One World and One Dream"to be honored as human unity at Olympics in Beijing, China 2008 with impacts on the 21st century and beyond...
Francis Shieh a.k.a. Xie Shihao to remind readers that we are living on the same earth on Earth Day,April 22, 2008.
Page A9 of WSJ: China is a nation beset by unfair attacks. When Chinese were silent, Western media want free speech but when Chinese speak up, folks in China are accused of being brainwashed xenophobics. In short,some Westerners have no knowledge and background of the Chinese language and culture from the original sources but rely on English materials only. Western culture has been regarded as World Civilization per se(sic) China's economy is booming to surprise the world;consequently a few people just cannot understand such economic miracle but to belittle and denigrate China (biandi or qingshi) from their own bias as their emotional outlet. There are those who don't know China and those who don't know they don't really know China since Chinese language is unwieldy at best with connotations at length. Westerners have not had the opportunity to learn in schools due to the fact that Western education is oriented to the West paying little or no attention to the East.
Page A14 of WSJ: Love Thy Foe: Gods of Kinmen Island Embrace China. Taiwan is a part of China under the new leadership for closer relations from Chinese history and traditional culture.
The East and the West are "One Human Race,""One World and One Dream"to be honored as human unity at Olympics in Beijing, China 2008 with impacts on the 21st century and beyond...
Francis Shieh a.k.a. Xie Shihao to remind readers that we are living on the same earth on Earth Day,April 22, 2008.
Monday, April 21, 2008
Strong Willpower is the way to go far and beyond
TO WHOM IT MAY CONCERN: I shall have no further relish for active pursuits when I become a centenarian in 2026. In the meantime, I will not be lulled into letting others take care of me when I am capable of taking care of myself. Moderation is the key to concentrate and to relax during the course of the day. My mantra would be "first things first." Good communication in English and in Chinese would be the choice of the right words at the right time to the right person. Needless to say, I am fully aware of idiolect with nuance. Moreover, my spiritual life is on the top list as my priority. A routine prayer will rekindle my source of rejuvenation.
Washington Post,April 21, 2008 on pages D1,D3: Brokering power in business and politics as the headlines. In Pin Yin: Qianke you shi, shangye you li gen zhengzhi guanxi. Fred Malek is involved in such dealings as he spent 14 years at Marriott International plus high offices with US government. Blogs at : www.fredmalekblog.com
Such "Guanxi" is an evidence of making connections in the American scene for overly quoted expression of "guanxi" in China to be played up in the past by the Western Media. Here is a meeting ground of Sino-American Economics or US-China relatons at best.(sic) Let us open our ears and eyes to find out the happenings for fun.
Washington Post,April 20, 2008: The Mini Pages for kids and adults alike - Explore China's Regions and Guide to Olympic Sports for Summer games from Aug.8 through 24,2008. Only the best players in the world can compete in the Olympics. There should be no politics involved at all. Period!
Francis Shieh a.k.a. Xie Shihao,a lifelong student committed to promote understanding via the positive use of English and the correct usage of the Chinese language with culture to honor globalization for peace and economic development apropos of mutual benefit for all folks in all nations. April 21, 2008 at 9.38 p.m.
Washington Post,April 21, 2008 on pages D1,D3: Brokering power in business and politics as the headlines. In Pin Yin: Qianke you shi, shangye you li gen zhengzhi guanxi. Fred Malek is involved in such dealings as he spent 14 years at Marriott International plus high offices with US government. Blogs at : www.fredmalekblog.com
Such "Guanxi" is an evidence of making connections in the American scene for overly quoted expression of "guanxi" in China to be played up in the past by the Western Media. Here is a meeting ground of Sino-American Economics or US-China relatons at best.(sic) Let us open our ears and eyes to find out the happenings for fun.
Washington Post,April 20, 2008: The Mini Pages for kids and adults alike - Explore China's Regions and Guide to Olympic Sports for Summer games from Aug.8 through 24,2008. Only the best players in the world can compete in the Olympics. There should be no politics involved at all. Period!
Francis Shieh a.k.a. Xie Shihao,a lifelong student committed to promote understanding via the positive use of English and the correct usage of the Chinese language with culture to honor globalization for peace and economic development apropos of mutual benefit for all folks in all nations. April 21, 2008 at 9.38 p.m.
Sequel to China and Pope:China Church Quarterly
Winter 2008 Issue:Published by China Bureau,Seton Hall University,S.Orange,N.J.,USA
Pope Benedict XVI blesses Ground Zero Site. Published by EXPRESS on April 21, 2008, Page 1 with Photo in New York on Sunday,April 20, 2008.
Papal China Commission: Pope Benedict XVI continues to pay significant attention to China. The Commission held its first meeting in Rome, March 10-12, 2008. The meeting had as its theme the Letter which the Holy Father sent to Chinese Catholics on 27 May 2007. In His letter, the will for a respecful and constructive dialogue with the authorities was reiterated. He mentioned the forthcoming event of 24 May, the Universal Day of Prayer for the Church in China.
Washington Post, April 21, 2008 Page A13: George Bush,the Catholic? Will he follow brother Jeb and close friend Blair and covert to Catholicism? Greg Tobin, a Benedict biographer, said that he has discussed recently with colleagues and friends whether the President might convert. "Some American Catholics are beginning to wonder whether President Bush might be headed into that direction after his term of office expires," Tobin, a senior adviser for communications at Seton Hall University said,"I would not be surprised."
Francis Shieh a.k.a. Xie Shihao with visions of China and Vatican to resume official diplomatic relations for "One World,One Dream" re Olympics in the name of globalization of sports with Papal blessings for all talented folks in sports as God's children with "Laotianye" above in Heaven in Chinese for Sino-American Economics on the supernatural level beyond this mundane world re ethics,morality and spirituality for universal unity of humankind in humanity for harmony on earth. April 21, 2008 at 10.30 a.m.
Pope Benedict XVI blesses Ground Zero Site. Published by EXPRESS on April 21, 2008, Page 1 with Photo in New York on Sunday,April 20, 2008.
Papal China Commission: Pope Benedict XVI continues to pay significant attention to China. The Commission held its first meeting in Rome, March 10-12, 2008. The meeting had as its theme the Letter which the Holy Father sent to Chinese Catholics on 27 May 2007. In His letter, the will for a respecful and constructive dialogue with the authorities was reiterated. He mentioned the forthcoming event of 24 May, the Universal Day of Prayer for the Church in China.
Washington Post, April 21, 2008 Page A13: George Bush,the Catholic? Will he follow brother Jeb and close friend Blair and covert to Catholicism? Greg Tobin, a Benedict biographer, said that he has discussed recently with colleagues and friends whether the President might convert. "Some American Catholics are beginning to wonder whether President Bush might be headed into that direction after his term of office expires," Tobin, a senior adviser for communications at Seton Hall University said,"I would not be surprised."
Francis Shieh a.k.a. Xie Shihao with visions of China and Vatican to resume official diplomatic relations for "One World,One Dream" re Olympics in the name of globalization of sports with Papal blessings for all talented folks in sports as God's children with "Laotianye" above in Heaven in Chinese for Sino-American Economics on the supernatural level beyond this mundane world re ethics,morality and spirituality for universal unity of humankind in humanity for harmony on earth. April 21, 2008 at 10.30 a.m.
Sunday, April 20, 2008
Get Fired Up for Reading apropos of enjoyment
DEVELOPMENT as FREEDOM: By Amartya Sen, Master of Trinity College,Cambridge and the winner of 1998 Nobel Prize in Economic Science. He has experience with UNDP and Harvard Institute of International Development.
Sen has focused on the well-being of those at the bottom of society not the efficiency of those at the top. The concept of human rights and political liberty are now very much a part of the prevailing rhetoric. This is so not only in the field of trade and communication, but also in terms of interactive ideas and ideals. Overcoming the problems of environment and to the sustainability of economics and social lives. Leaders in USA and in China are trying the exercise of development to counteract affliction such as poverty in particular.
The linkages of economic and political freedoms help to reinforce one another as Olympics in Beijing, rather than being hostile to one another(as they are taken to be by some) Opportunities of education and health care which require public action in Tibet have been taken care of by the empirical evidence (CCTV-4). Such coherent and cogent freedom is the perspective of the process of development in China. Development requires the removal of major sources of unfreedom: poverty,poor economic opportunity,intolerance( racial discrimination) Such violation of freedom resulted in the Civil Rights Act of 1964 to be resonated by philsopher Aristotle many decades ago: There is no hope of immortality by wealth(Cf. Indian Sanskrit around 8th century B.C.) The Chinese expression would be:"Shengbudailai,sibudaiqu" Here is the common ground(Jichu) of the higher level ethics and economics.
Francis Shieh a.k.a. Xie Shihao,a student in philosophy of life in economics. April 20, 2008
Sen has focused on the well-being of those at the bottom of society not the efficiency of those at the top. The concept of human rights and political liberty are now very much a part of the prevailing rhetoric. This is so not only in the field of trade and communication, but also in terms of interactive ideas and ideals. Overcoming the problems of environment and to the sustainability of economics and social lives. Leaders in USA and in China are trying the exercise of development to counteract affliction such as poverty in particular.
The linkages of economic and political freedoms help to reinforce one another as Olympics in Beijing, rather than being hostile to one another(as they are taken to be by some) Opportunities of education and health care which require public action in Tibet have been taken care of by the empirical evidence (CCTV-4). Such coherent and cogent freedom is the perspective of the process of development in China. Development requires the removal of major sources of unfreedom: poverty,poor economic opportunity,intolerance( racial discrimination) Such violation of freedom resulted in the Civil Rights Act of 1964 to be resonated by philsopher Aristotle many decades ago: There is no hope of immortality by wealth(Cf. Indian Sanskrit around 8th century B.C.) The Chinese expression would be:"Shengbudailai,sibudaiqu" Here is the common ground(Jichu) of the higher level ethics and economics.
Francis Shieh a.k.a. Xie Shihao,a student in philosophy of life in economics. April 20, 2008
Saturday, April 19, 2008
DESIDERATA for good living with guidelines
Go placidly amid the noise and haste, and remember what peace there may be in silence. As far as possible witout surrender be on good terms with all persons. Speak your truth quietly and clearly; and listen to others, even the dull and ignorant; they too have their story. Avoid loud and aggressive persons, they are vexations to the spirit. If you compare yourself with others, you may become vain and bitter; for always there will be greater and lesser persons than yourself. Enjoy your achievements as well as your plans. Keep interested in your own career, however humble; it is a real possession in the changing fortunes of time. Exercise caution in your business affairs; for the world is full of trickery. But let this not blind you to what virtue there is; many persons strive for high ideals; and everywhere life is full of heroism. Be yourself. Especially, do not feign affection. Neither be cynical about love; for in the face of all aridity and disenchantment it is perennial as the grass. Take kindly the counsel of the years, gracefully surrendering the things of youth. Nurture strength of spirit to shield you in sudden misfortune. But do not distress yourself with imaginings. Many fears are born of fatigue and loneliness. Beyond a wholesome discipline, be gentle with yourself. You are a child of the universe, no less than the trees and the stars; you have a right to be here. And whether or not it is clear to you, no doubt the universe is unfolding as it should. Therefore be at peace with God, whatever you conceive "laotianye" to be, and whatever your labors and aspirations, in the noisy confusion of life keep peace with your soul. With all its sham, drudgery and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. My formula for Happiness is material consumption + intellectual pursuit + spiritual satisfaction + good health as the Numerator and Desire as the Denominator. Moreover,we can dampen our desire to live a simple life. Concur or demur?
Francis Shieh a.k.a. Xie Shihao on April 19, 2008 at 9.30 p.m.
Francis Shieh a.k.a. Xie Shihao on April 19, 2008 at 9.30 p.m.
China and USA share the common problems
Sino-American Economics: Wall Street Journal, April 19-20, 2008 page A1:
In Pin Yin: "Youyuzhuangkuang" i.e. gloomy condition: Headlines for China and USA -
In China: Stocks once frothy,fall by half in 6 month. Stockholders who wish to get rich quick but to lose their investment as reported.
In USA: Trapped in the middle - The incomes of most Americans stalled,tackling voter angst in Pennsylvania.
The above is the latest news for both nations to share the same negative happenings.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student of economics in English and Chinese language for enjoyment. April 19, 2008 at 1.52 p.m.
In Pin Yin: "Youyuzhuangkuang" i.e. gloomy condition: Headlines for China and USA -
In China: Stocks once frothy,fall by half in 6 month. Stockholders who wish to get rich quick but to lose their investment as reported.
In USA: Trapped in the middle - The incomes of most Americans stalled,tackling voter angst in Pennsylvania.
The above is the latest news for both nations to share the same negative happenings.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student of economics in English and Chinese language for enjoyment. April 19, 2008 at 1.52 p.m.
Friday, April 18, 2008
Wall Street Journal, April 18, 2008 page B1B6
CHEERS for CHINA:
Coke, Pepsi, McDonald's make patriotic appeals for the Olympics.
WSJ.com/online.today. See Coke music video
Coke, Pepsi, McDonald's make patriotic appeals for the Olympics.
WSJ.com/online.today. See Coke music video
Billionaire financial Soros predicts $'s comeback
If Soro's prediction is not incorrect,it would be another debate for foreign exchange rate between US$ and Chinese Yuan. Washington Post published on April 18, 2008 page D7: Soros' warning that investors are instead fleeing currencies to put their money into real assets. What would be the decision of central bank in China? As of now,US$s are pouring into China for investment as CCTV reported.
Chinese peoperty tycoons will visit Taiwan next week in what could bring the first wave of mainland investment to the island since civil war split China into two in 1949.
My comment: It is the economy-savvy deal in the days to come to reduce tension in the Taiwan Strait as advocated by the President-elect Ma. The agricultural products from Taiwan are exporting to China to boost Taiwan's economy. A win-win deal.
Google profit jumps 30% despite slowing economy in USA. Reason: Crediting overseas growth including in China.
Francis Shieh, a watcher of Sino-American Economics in action everyday. April 18, 2008 at 10.40 a.m.
Chinese peoperty tycoons will visit Taiwan next week in what could bring the first wave of mainland investment to the island since civil war split China into two in 1949.
My comment: It is the economy-savvy deal in the days to come to reduce tension in the Taiwan Strait as advocated by the President-elect Ma. The agricultural products from Taiwan are exporting to China to boost Taiwan's economy. A win-win deal.
Google profit jumps 30% despite slowing economy in USA. Reason: Crediting overseas growth including in China.
Francis Shieh, a watcher of Sino-American Economics in action everyday. April 18, 2008 at 10.40 a.m.
Economics: A very short introduction by Dasgupta
Published by Oxford University Press. 2007
How economics uncovers and explains the processes that shape our lives. It reveals insights of problems and solutions.
We could conclude from the world value -savvy tenet for economic growth and other scenarios for good things in life.
We would stress our "xin xin" i.e. confidence as we trust the paper money and other financial instruments as valuable in life. Ponder such philosophically for enjoyment.
Thrifty culture maybe inaugurated for economic progress in terms of investment in human capital by means of work and study cycle theory. Education and training would increase GDP but lifestyle would be more significant for the way of life. Wisdom savvy?
Sacred values differ from material or instrumental ones by incorporating moral beliefs that drive action in ways dissociated from prospects for success. Devotion to core values such as the wellbeing of family and country or commitment to spirituality,honor and justice ought to be absolute and inviolable. Such values outweigh other values, particularly economic ones. Think hard and get the gist of it.
Francis Shieh a.k.a. Xie Shihao on April 18, 2008 at 7.28 a.m.
How economics uncovers and explains the processes that shape our lives. It reveals insights of problems and solutions.
We could conclude from the world value -savvy tenet for economic growth and other scenarios for good things in life.
We would stress our "xin xin" i.e. confidence as we trust the paper money and other financial instruments as valuable in life. Ponder such philosophically for enjoyment.
Thrifty culture maybe inaugurated for economic progress in terms of investment in human capital by means of work and study cycle theory. Education and training would increase GDP but lifestyle would be more significant for the way of life. Wisdom savvy?
Sacred values differ from material or instrumental ones by incorporating moral beliefs that drive action in ways dissociated from prospects for success. Devotion to core values such as the wellbeing of family and country or commitment to spirituality,honor and justice ought to be absolute and inviolable. Such values outweigh other values, particularly economic ones. Think hard and get the gist of it.
Francis Shieh a.k.a. Xie Shihao on April 18, 2008 at 7.28 a.m.
Thursday, April 17, 2008
Pope may engage Muslims and Chinese: All are children of God
It is estimated that the number of all Christians is circa 1 billion plus and Muslims in the world would be about the same number. The largest number would be ethnic Chinese in the world with more than 1.3 billion. Ifthe word" Catholic" means universal,the leader would leave no stone unturned to contact all folks as children of God. The Pope is a teacher, a scholar and a friend to all homosapiens. However,the Vatican continues investigation of Georgetown theologian Father Peter Phan's writings, which the US bishops have condemned...and Georgetowns full-time coordinator of homosexual resources develops programming that celebrates homo culture and several Georgetown professor's publicly oppose the Church on mattters ranging from marriage to assisted suicide. My recommendation is for the leaders to study Confucianism to find the common ground of Christianity and Confucianism to be the universal church in harmony of "One World,One Dream" for Olympics and the final mission of the missionaries as the bottom line. Any other scenarios for free thoughts? Thanks for your feedback if readers are interested in the headlines lately on China and the Pope in the news.
Francis Shieh a.k.a. Xie Shihao with inquisitive mind seeking the wellbeing of all folks with good deeds on earth. April 17, 2008 at 9.25 p.m.
Francis Shieh a.k.a. Xie Shihao with inquisitive mind seeking the wellbeing of all folks with good deeds on earth. April 17, 2008 at 9.25 p.m.
Sequel to Pope and China: NYT,4/17/08 p.A24
Pope praises Americans' faith and warns of perils of secularism: Bishop Lori of Bridgeport,Conn., said:"We appreciate very much the encouragement he is giving us to reach out to victims, efforts to maintain and expand safe encironment programs, and to do so in a context of preaching and exemplifing moral integrity(can be found in Confucianism) and supporting the family.
Family is "Jia" as the basic meeting ground of the West and the East, Chinese culture stresses family as known to all and Pope emphasizes family as well. I would detect the same reasoning for any harmonious society.
"Qi jia zhi guo ping tian xia" in Pin Yin system of romanization i.e. In searching for peace in the world, we must start from our own family, then the nation and the world.
However,"Guo jia" is a nation with two Chinese characters in the sequence as a combined expression, but not to say "Jia guo" In other words,an individual must be loyal to his/her nation first as in this context.
Secularism denies the Creator or "Lao tian ye" Here we detect the common ground again since "Lao tian ye" is a popular expression to address the Divine regardless of individual's religious affiliation. If I remember right,Rud. Kipling stated that the twin of the East and the West shall never meet but I do see the meeting ground as I stated above.
Francis Shieh a.k.a. Xie Shihao, a student studying the West and the East in Chinese and English languages and Economics. April 17, 2008
Family is "Jia" as the basic meeting ground of the West and the East, Chinese culture stresses family as known to all and Pope emphasizes family as well. I would detect the same reasoning for any harmonious society.
"Qi jia zhi guo ping tian xia" in Pin Yin system of romanization i.e. In searching for peace in the world, we must start from our own family, then the nation and the world.
However,"Guo jia" is a nation with two Chinese characters in the sequence as a combined expression, but not to say "Jia guo" In other words,an individual must be loyal to his/her nation first as in this context.
Secularism denies the Creator or "Lao tian ye" Here we detect the common ground again since "Lao tian ye" is a popular expression to address the Divine regardless of individual's religious affiliation. If I remember right,Rud. Kipling stated that the twin of the East and the West shall never meet but I do see the meeting ground as I stated above.
Francis Shieh a.k.a. Xie Shihao, a student studying the West and the East in Chinese and English languages and Economics. April 17, 2008
To be updated about China and the Pope
Pundits inform us that the Chinese people want government to maintain law and order in Tibet and other parts of China. Riots,beating,robbing and killing are violence against innocent folks. Such acts are to be condemned in all nations for security.
VOX POP: Any so-called boycott is not in harmony with the spirit of Olympics for global sports competition. Chinese people view Olympics as an investment to show to the world such as the Super- gigantic bird nest stadium and other sports facilities. National Security Adviser Stephen Hadley explained as published in the Washington Post. President Bush will attend Olympics for US-China sports relations.
The Pope shall celebrate Mass today in national park, Washington. Radio broadcast says that American Christians and non-Christians shall attend for such international events to pray for peace and goodwill towards all folks in all nations. All peoples are the children of God. It is time for our reflection for peace or otherwise in this mundane world. The readers be the judge according to our own conscience.
Francis Shieh a.k.a. Xie Shihao,a reader and a student to learn current events to be up-to-date with happenings in the East and in the West for "One World,One Dream"(Lines for Olympics) apropos of harmony as the proper course of action on earth. April 17, 2008 at 6.55 a.m.
VOX POP: Any so-called boycott is not in harmony with the spirit of Olympics for global sports competition. Chinese people view Olympics as an investment to show to the world such as the Super- gigantic bird nest stadium and other sports facilities. National Security Adviser Stephen Hadley explained as published in the Washington Post. President Bush will attend Olympics for US-China sports relations.
The Pope shall celebrate Mass today in national park, Washington. Radio broadcast says that American Christians and non-Christians shall attend for such international events to pray for peace and goodwill towards all folks in all nations. All peoples are the children of God. It is time for our reflection for peace or otherwise in this mundane world. The readers be the judge according to our own conscience.
Francis Shieh a.k.a. Xie Shihao,a reader and a student to learn current events to be up-to-date with happenings in the East and in the West for "One World,One Dream"(Lines for Olympics) apropos of harmony as the proper course of action on earth. April 17, 2008 at 6.55 a.m.
Wednesday, April 16, 2008
Congressional Record,July 18, 1974:Community colleges in USA
C Span Radio Broadcast, April 16, 2008: I heard from Presidential candidate McCain stressed the role of community college to train the unemployed for new jobs re the American economy. Senator Obama and Senator Clinton mentioned the same topic as issues for US economy for workers in USA. President Bush cited the role of community colleges in the State of the Union in 2004. I was so gratified that our leaders are aware of training and retraining in the same reasoning as my article entitled "The Future of Community Colleges" published in the Congressional Record,July 18, 1974 with my own vision. Such work is quoted by Richard T. Gill of Harvard in his textbooks in 1975,1978 and 1980. Moreover,my books entitled "Keys for Economic Understanding"(1971)"Keys to Economic Understanding"(1976) elaborated the development of human capital from the grassroots in America for economic development. Furthermore,my doctoral dissertation entitled "Work and Study Cycle Theory" may be validated and implemented in USA and in China apropos of economic development via continuing education and lifelong training. I am sending this blog as intellectual utility in economics to be updated with relevance. Francis Shieh a.k.a. Xie Shihao, a blogger to promote learning English,Chinese and Economics ad infinitum as an octogenarian on April 16, 2008 at 7 a.m.
Tuesday, April 15, 2008
Tidbit re Economics,English and Chinese et al.
The biggest financial concern is the price of fuel. Crude oil hits the record of $114a barrel and gas prices are up for American drivers. About 43% of folks have nothing left for saving after meeting the exopenses of food and fuel. According to national Parade survey,teachers deserve pay raise but I am a retired teacher without raise but social security benefits for living. About 93% agree that the economy should be the Presidential candidates' top concern. It is a known fact for sure!
Study is like the heaven's glorious sun that will not be deep searched with saucy looks.. Love's Labor's Lost in Shakespearean line: What is in a name? My Chinese name is shihao i.e. hero of poetry in name only but I am not a poet. Moxie is full of pep for an octogenarian in English i.e. "Mo" mean to model in Pin Yin with stamina for Xie i.e. Thanks. BTW, Chinese Premier Wen Jiabao means family treasure of Wen family as his last name.
China's ICBC(Industrial and Commercial Bank of China) plans to steer away from buying US assets as the lender remains wary about market turmoil. (Wall Street Journal April 15, 2008 page A9) On page A11,Chinese government provides free food for students plus free accident insurance. In US,students get private insurance. There is the difference of the public sector-oriented China and private sector-oriented USA. However,both systems are mixed systems in essence. Any other scenarios?
Francis Shieh a.k.a. Xie Shihao,a student of English and Chinese in Economics with fun in reading as my daily routine work. April 15, 2008 at 9.40 p.m.
Study is like the heaven's glorious sun that will not be deep searched with saucy looks.. Love's Labor's Lost in Shakespearean line: What is in a name? My Chinese name is shihao i.e. hero of poetry in name only but I am not a poet. Moxie is full of pep for an octogenarian in English i.e. "Mo" mean to model in Pin Yin with stamina for Xie i.e. Thanks. BTW, Chinese Premier Wen Jiabao means family treasure of Wen family as his last name.
China's ICBC(Industrial and Commercial Bank of China) plans to steer away from buying US assets as the lender remains wary about market turmoil. (Wall Street Journal April 15, 2008 page A9) On page A11,Chinese government provides free food for students plus free accident insurance. In US,students get private insurance. There is the difference of the public sector-oriented China and private sector-oriented USA. However,both systems are mixed systems in essence. Any other scenarios?
Francis Shieh a.k.a. Xie Shihao,a student of English and Chinese in Economics with fun in reading as my daily routine work. April 15, 2008 at 9.40 p.m.
The Unconventional Wisdom of Economics by Steven Lansburg
Paperback is published by Free Press,New York. April 2008
This is classical Landsburg: original,arresting 'obviously wrong' and actually entirely correct!
The author is provocative and playful in his mission to demonstrate how an understanding of economics will change the way we live our daily life. Cf."Keys for Economic Understanding" www.ask.com for information. "Yi ren wei ben" in Pin Yin implies dedication to human beings. Such meaning in Chinese language shares the same rational for understanding economics under the true spotlight everyday.
Economics is not the study of money, it is the study of value. Everything is determined by our value but lifestyle of the Chinese people is different from the folks in USA. The science of everything is what economics is. That covers all the field in every nook and corner for homosapiens. Here is the common ground of Sino-American Economics in the real world. National stadium in China for Olympics is worth 75 billion as published in the Business Week,April 21, 2008 issue.
Francis Shieh a.k.a. Xie Shihao. April 15, 2008 at 1 p.m.
This is classical Landsburg: original,arresting 'obviously wrong' and actually entirely correct!
The author is provocative and playful in his mission to demonstrate how an understanding of economics will change the way we live our daily life. Cf."Keys for Economic Understanding" www.ask.com for information. "Yi ren wei ben" in Pin Yin implies dedication to human beings. Such meaning in Chinese language shares the same rational for understanding economics under the true spotlight everyday.
Economics is not the study of money, it is the study of value. Everything is determined by our value but lifestyle of the Chinese people is different from the folks in USA. The science of everything is what economics is. That covers all the field in every nook and corner for homosapiens. Here is the common ground of Sino-American Economics in the real world. National stadium in China for Olympics is worth 75 billion as published in the Business Week,April 21, 2008 issue.
Francis Shieh a.k.a. Xie Shihao. April 15, 2008 at 1 p.m.
Students pick up the debt habit early: Majoing in credit cards
Please delete if you are not interested. Thanks for your time in deleting or reading with fun.
With easy access to credit cards,students start to enjoy now and pay later with high interest to pay to the bank. I found out such system is popular for educated young generation in China nowadays. Here is the link of credit-based culture re Sino-AmericanEconomics.
Consumerism requires money as the factor of happiness i.e. Happiness is material consumption over desire but I would add intellectual pursuit,spiritual satisfaction and good health to the numerator and the denominator of desire may be dampened for spirituality with intellectual underpinnings.
Inflation is back in USA and in China also. Chinese currency dips below 7 to US Dollar. Consumer education with a thriftier approach to living should be promoted during the recession. Perhaps it is a blessing in disguise! In England, folks saved money by putting coins into a meter to pay for home heating instead of being surprised by an unexpectedly large bill later. (Published by the Washington Post,April 13, 2008 on page C7.)
Wordteaser: A scholar who studies Dante, the great Italian poet who wrote about heaven and hell. But the word DANTIST is not a dentist. There is another wordteaser: Confucian is a disciple of Confucianism but not to be CONFUSED. However,if the student is not familiar with the Chinese language,he/she may be truly confused. This is supposed to be on the light side with humor if a person is receptive to humor.
Francis Shieh a.k.a. Xie Shihao trying to seek aesthetic humor with or without success(sic). April 15, 2008 at 7.38 a.m.
With easy access to credit cards,students start to enjoy now and pay later with high interest to pay to the bank. I found out such system is popular for educated young generation in China nowadays. Here is the link of credit-based culture re Sino-AmericanEconomics.
Consumerism requires money as the factor of happiness i.e. Happiness is material consumption over desire but I would add intellectual pursuit,spiritual satisfaction and good health to the numerator and the denominator of desire may be dampened for spirituality with intellectual underpinnings.
Inflation is back in USA and in China also. Chinese currency dips below 7 to US Dollar. Consumer education with a thriftier approach to living should be promoted during the recession. Perhaps it is a blessing in disguise! In England, folks saved money by putting coins into a meter to pay for home heating instead of being surprised by an unexpectedly large bill later. (Published by the Washington Post,April 13, 2008 on page C7.)
Wordteaser: A scholar who studies Dante, the great Italian poet who wrote about heaven and hell. But the word DANTIST is not a dentist. There is another wordteaser: Confucian is a disciple of Confucianism but not to be CONFUSED. However,if the student is not familiar with the Chinese language,he/she may be truly confused. This is supposed to be on the light side with humor if a person is receptive to humor.
Francis Shieh a.k.a. Xie Shihao trying to seek aesthetic humor with or without success(sic). April 15, 2008 at 7.38 a.m.
Monday, April 14, 2008
Where our money goes? Military spending
According to the Office of Management and Budget, military spending for 2008 will be $583 billion and Food & Nutrition assistance is $60.2 billion. Compare the digital numbers for priorities of funding.
Washington Post,April 14, 2008 page A1: The rising prices of milk,grain and produce are hitting schools hard. Food costs unravel nutrition initiatives.
Cash-strapped schools raise prices or pinch pennies by serving more economical dishes. School officials say it is becoming harder to fill students' plates with health, low-fat foods. My comment: It is a matter of priority for the leaders to allocate funds according to the catagories as they see fit. This is election year and we need to elect leaders to pay attention to our domestic needs or the involvement of Iraq for our security. To me, an educator since 1945,school children are the future human capital and future leaders. Leaders today should pay attention to the health of children today. Limited resources shall be allocated according to the judgment of our leaders in the days to come. However,we can exercise our judgment in the election of our new President in November 2008 to change the direction of the course of action to be reflected in economics.
in China,leaders are paying attention to the Olympics this year as we are aware of their priorities for funding such international sports competition. Politics should not exist in the competition of athletes in the name of global sports. I have reason to believe that folks in the world are excited about such great sports events to be held in China starting in August 2008.
Thanks for reading my blog to be aware of the economic activities for comparisons apropos of the wellbeing re humanity.
Francis Shieh a.k.a. Xie Shihao on Monday, April 14, 2008.
Washington Post,April 14, 2008 page A1: The rising prices of milk,grain and produce are hitting schools hard. Food costs unravel nutrition initiatives.
Cash-strapped schools raise prices or pinch pennies by serving more economical dishes. School officials say it is becoming harder to fill students' plates with health, low-fat foods. My comment: It is a matter of priority for the leaders to allocate funds according to the catagories as they see fit. This is election year and we need to elect leaders to pay attention to our domestic needs or the involvement of Iraq for our security. To me, an educator since 1945,school children are the future human capital and future leaders. Leaders today should pay attention to the health of children today. Limited resources shall be allocated according to the judgment of our leaders in the days to come. However,we can exercise our judgment in the election of our new President in November 2008 to change the direction of the course of action to be reflected in economics.
in China,leaders are paying attention to the Olympics this year as we are aware of their priorities for funding such international sports competition. Politics should not exist in the competition of athletes in the name of global sports. I have reason to believe that folks in the world are excited about such great sports events to be held in China starting in August 2008.
Thanks for reading my blog to be aware of the economic activities for comparisons apropos of the wellbeing re humanity.
Francis Shieh a.k.a. Xie Shihao on Monday, April 14, 2008.
Saturday, April 12, 2008
Otis Gen2 Elevator: One great story after another
Otis is the world's largest elevator company, and by a margin, moving the equivalent of the world's population every five days. China? Not likely a problem.
China's current Five Year Plan calls for reducing the energy intensity of its economy by 20%. We are collaborating with China's Ministry of Construction to make the buildings part of this happen.
It is incredible what we fit in an elevator: from equipment that regenerates power with descending loads to enabling a billion Chinese to reach new heights. That is United Technologies for you, always looking at the big picture. Learn about other insightful parts of United Technologies at utc.com/curious Wall Street Journal, April 12 - 13 2008
Francis Shieh a.k.a. Xie Shihao. April 12, 2008 at 9.20 p.m.
China's current Five Year Plan calls for reducing the energy intensity of its economy by 20%. We are collaborating with China's Ministry of Construction to make the buildings part of this happen.
It is incredible what we fit in an elevator: from equipment that regenerates power with descending loads to enabling a billion Chinese to reach new heights. That is United Technologies for you, always looking at the big picture. Learn about other insightful parts of United Technologies at utc.com/curious Wall Street Journal, April 12 - 13 2008
Francis Shieh a.k.a. Xie Shihao. April 12, 2008 at 9.20 p.m.
"Deep Economy" by Bill McKibben Holt Paperback 2008
New Research from many quarters has started to show that even when economic growth does make us wealthier, the greater wealthier no longer makes us happier. Happiness is not material consumption over desire only(money is needed) but we must add intellectual pursuit,spiritual satisfaction and good health as the numerator.The denominator of desire may be dampened when America is suffering from recession in 2008. Such may be extended to the world re globalization. What is the economy for? I would advocate social economics because economics can not exist in a vacuum. As such,it must be applied to a society.
Problems such as global warming,high prices for food and fuel et al.plus the growing inequality diminishing the existing lifestyle of the middle class folks is very much in evidence. Such problems are shared in China as well.
The motive of self-interest for material goods must be dovetailed with public interest otherwise social stability would be disrupted.
In short, ethics and moral philosophy must be taken into consideration for the leaders in USA and in China in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Saturday,April 12, 2008 at 2.28 p.m.
Problems such as global warming,high prices for food and fuel et al.plus the growing inequality diminishing the existing lifestyle of the middle class folks is very much in evidence. Such problems are shared in China as well.
The motive of self-interest for material goods must be dovetailed with public interest otherwise social stability would be disrupted.
In short, ethics and moral philosophy must be taken into consideration for the leaders in USA and in China in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Saturday,April 12, 2008 at 2.28 p.m.
GE Report Sends Stocks Down with new concerns
Washington Post,April 12, 2008 page D4: GE's financial services divisons have been challenged by the slowing US economy and difficult capital markets. The company, whose orbit extends into entertainment, consumer and industrial manfactkuring, finance and health care, also lowered its projections for the year. A snapshot of a gloomy consumer added to recent reports showing Americans' confidence in the economy at new lows, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices.
China's inflation is the concern of concerns. However,the Olympics stimulated the people in China for potential business reasons. Let us wait and see the empirical evidence in the summer.
Francis Shieh a.k.a. Xie Shihao, an oberver for economic development of two nations with great interest. April 12, 2008 at 1.12 p.m.
China's inflation is the concern of concerns. However,the Olympics stimulated the people in China for potential business reasons. Let us wait and see the empirical evidence in the summer.
Francis Shieh a.k.a. Xie Shihao, an oberver for economic development of two nations with great interest. April 12, 2008 at 1.12 p.m.
Friday, April 11, 2008
Business Week,April 14, 2008 issue and EXPRESS,4/10 online
Busweek,Page 83: Richard Teremi, Sr. from Michigan wrote: "Sharing eco-expertise with China. We are ahead of China in terms of environmental knowledge and technology. Yet we did little to supply assistance to reduce the likelihood of carbon-emission expansion. My comment: There is the meeting ground of Sino-AmericanEcology apropos of economics.
Page 88: Secretary of Treasury Henry Paulson is a leader+ with exhibited guts, speed and candor to handle the economy for damage control. He was the former CEO, Goldman Sachs that has escaped the credit crisis so far. My comment: Henry Paulson understands Sino-AmericanEconomics very well to be a friend of China with positive scenario but working for the interest of USA.
Feedback on page 82:(Photo) Is Fed Chairman Bernanke or Lenin? My answer: Yes,Professor Bernanke is learning from the real world with empirical evidence.
"Xue xi xue xi zai xue xi" as Lenin's expression in Pin Yin system of romanization but any teacher would say the same expression to his/her students. However,such expression is not copyrighted by Lenin either.(sic) My comment to the wise is sufficient!
"Fair Trade for All:" How trade can promote development. A provocative book by Stiglitz of Columbia University and Charlton of Oxford University:
A Plan to embrace the developed and the developing nations to move to a future of shared benefits as a comment for the book by Bill Clinton. Standard economic assumptions are wrong as commented by Robert Reich of Harvard University.
EXPRESS: Page 36: RE: Some Tibetans' riot,killing,burning to try to disrupt Olympics in China for the so-called independence from China with violence to challenge law and order in different cities in China in the past days.
Question: The protest groups must be very well organized. Will all this have any effect on the Olympics?
Answer by John Pomfret,editor of Outlook section of the Washington Post:
"I definitely agree that the protests have been well-organized. But there is no chance at all that the Olympics will be called off." Such statement has been stressed by CCTV-4 for the last few days in reference to Dalai Lhama's Group.
Francis Shieh a.k.a. Xie Shihao,a reader with objective and impartial intent for readers to learn the truth without bias. April 11, 2008 at 2.34 p.m.
Page 88: Secretary of Treasury Henry Paulson is a leader+ with exhibited guts, speed and candor to handle the economy for damage control. He was the former CEO, Goldman Sachs that has escaped the credit crisis so far. My comment: Henry Paulson understands Sino-AmericanEconomics very well to be a friend of China with positive scenario but working for the interest of USA.
Feedback on page 82:(Photo) Is Fed Chairman Bernanke or Lenin? My answer: Yes,Professor Bernanke is learning from the real world with empirical evidence.
"Xue xi xue xi zai xue xi" as Lenin's expression in Pin Yin system of romanization but any teacher would say the same expression to his/her students. However,such expression is not copyrighted by Lenin either.(sic) My comment to the wise is sufficient!
"Fair Trade for All:" How trade can promote development. A provocative book by Stiglitz of Columbia University and Charlton of Oxford University:
A Plan to embrace the developed and the developing nations to move to a future of shared benefits as a comment for the book by Bill Clinton. Standard economic assumptions are wrong as commented by Robert Reich of Harvard University.
EXPRESS: Page 36: RE: Some Tibetans' riot,killing,burning to try to disrupt Olympics in China for the so-called independence from China with violence to challenge law and order in different cities in China in the past days.
Question: The protest groups must be very well organized. Will all this have any effect on the Olympics?
Answer by John Pomfret,editor of Outlook section of the Washington Post:
"I definitely agree that the protests have been well-organized. But there is no chance at all that the Olympics will be called off." Such statement has been stressed by CCTV-4 for the last few days in reference to Dalai Lhama's Group.
Francis Shieh a.k.a. Xie Shihao,a reader with objective and impartial intent for readers to learn the truth without bias. April 11, 2008 at 2.34 p.m.
Wall Street Journal, April 10,08 HEADLINES:Inflation
Inflation, spanning globe is set to reach decade high;IMF sees US maladies infesting world economics. My comment: US and China must work together for economic cooperation and collaboration for global wellbeing.
Page C1: US Big Customer-China: China bought 34% more American exports in January than a year before, making it a bigger customer for the month than Japan or Germany. My comment: Law of Comparative Advantage is being validated i.e. trade and economics would benefit all nations especially the two nations on both sides of the Pacific during the slowdown of the US economy with impacts on other nations for wellness or illness(sic) Free Trade or Protectionism?
Australian Prime Minister Kevin Rudd visits China to strengthen strategic cooperation in economic collaboration for mutual benefit. He was in USA several days ago to serve as a bridge for Australia-USA-China positive relations in the days to come. Such effort is admirable in economic globalization for peace and economic development.
American economy can be benefited from trade with China for the best interest of US consumers. Simple,clear and realistic apropos of Sino-US Division of Labor as the basic foundation in economics for the "Wealth of USA and China" re common prosperity in the 21st century as I do envision as a student of economics.
Francis Shieh a.k.a. Xie Shihao on Friday,April 11, 2008 at 7.48 a.m.
Page C1: US Big Customer-China: China bought 34% more American exports in January than a year before, making it a bigger customer for the month than Japan or Germany. My comment: Law of Comparative Advantage is being validated i.e. trade and economics would benefit all nations especially the two nations on both sides of the Pacific during the slowdown of the US economy with impacts on other nations for wellness or illness(sic) Free Trade or Protectionism?
Australian Prime Minister Kevin Rudd visits China to strengthen strategic cooperation in economic collaboration for mutual benefit. He was in USA several days ago to serve as a bridge for Australia-USA-China positive relations in the days to come. Such effort is admirable in economic globalization for peace and economic development.
American economy can be benefited from trade with China for the best interest of US consumers. Simple,clear and realistic apropos of Sino-US Division of Labor as the basic foundation in economics for the "Wealth of USA and China" re common prosperity in the 21st century as I do envision as a student of economics.
Francis Shieh a.k.a. Xie Shihao on Friday,April 11, 2008 at 7.48 a.m.
Thursday, April 10, 2008
Our trade strategy: WashPost,April 10, 2008 p.A23
General Electric goes abroad to lower costs and boost profits. Goldman Sachs invests overseas in the same kind of low-wage, high-profit enterprises. That is the mission of such businesses. But the US government has never taken on the mission of defending the American economy, or the American people in the global economy. Wrote Harold Meyerson, the columnist at Washpost.com
My comment: Multi-national corporations go overseas for higher profits due to low wages for the workers. Total profit is total revenue minus total cost. CEOs have their economic clout that the government has no authority to interfere under our private-sector-oriented free enterprise system. The trite expression:"What is good for GM is good for America" as a fallacy of composition is no longer applicable in the macro-sense. Former CEO of Goldman Sachs and the present Treasury Secretary Paulson with his distinguished expertise is the authority to optimize and maxmize the American economy for both private and public sectors. The evidence is clear enough.
Page D1: A new poll finds Americans feeling a lot more squeezed thereby making no progress over the past five years. Presidential candidates are aware of such situations. Another headline: Bleaker hopes for a good retirement due to lower income,rising costs of health care, food and fuel plus declining home values.
IMF forecasts rough economic weather for all nations especially middle class folks who are struggling harder to maintain existing lifestyles.
What would be the possible way to survive? Shop at Asian shops and fill up gas at independent stations and eat Chinese food with nutrition but less cost especially a hearty buffet lunch to skip supper to save the cost for 3 meals. One heavy meal may be recommended. Here is a case for individuals in the microview of Sino-Americaneconomics. Francis Shieh a.k.a. Xie Shihao,a thrifty octogenarian. 4/10/08.
My comment: Multi-national corporations go overseas for higher profits due to low wages for the workers. Total profit is total revenue minus total cost. CEOs have their economic clout that the government has no authority to interfere under our private-sector-oriented free enterprise system. The trite expression:"What is good for GM is good for America" as a fallacy of composition is no longer applicable in the macro-sense. Former CEO of Goldman Sachs and the present Treasury Secretary Paulson with his distinguished expertise is the authority to optimize and maxmize the American economy for both private and public sectors. The evidence is clear enough.
Page D1: A new poll finds Americans feeling a lot more squeezed thereby making no progress over the past five years. Presidential candidates are aware of such situations. Another headline: Bleaker hopes for a good retirement due to lower income,rising costs of health care, food and fuel plus declining home values.
IMF forecasts rough economic weather for all nations especially middle class folks who are struggling harder to maintain existing lifestyles.
What would be the possible way to survive? Shop at Asian shops and fill up gas at independent stations and eat Chinese food with nutrition but less cost especially a hearty buffet lunch to skip supper to save the cost for 3 meals. One heavy meal may be recommended. Here is a case for individuals in the microview of Sino-Americaneconomics. Francis Shieh a.k.a. Xie Shihao,a thrifty octogenarian. 4/10/08.
Is Economics relevant and vibrant? Sequel from Classical to Contemporary
During decades of my teaching career, I have been informed that the majority of students dislike economics because the subject matter may be dry and dull when it is taught from the textbook and the workbook only. They seem to be bogged down with numbers with no relevance to the society. I am in favor of socio-economics to be applied to our society with data but data may be questioned with discrepancy or lag.
The highest enrolled course on the list is English composition. Would the English language have to do with Economics from the demands of business leaders? Liberal arts courses are designed to train students with broad and intellectually rich coverage of daily events that are related to economics. I have found out that most students lack their writing ability due to the existing format of multiple choices for exams. Employers need emplyees who are trained in good communication. Such thoughts and concepts are needed for economics students in USA and in China in the 21st century with global contacts via technology.
Social and moral questions surrounding the policies of the government through the prisms of virtue and ethics would come to the minds of students with intellect of critical thinking in social sciences. As educators,we are striving to have a literate population with a good balance of academic tradition and skills of creativity.
It is high time to require students to be exposed not just to quantitative data but to qualitative reasoning about happenings in the real world plus the need of learning critical foreign languages such as Chinese as a strategic one in terms of globalization of trade to validate the law of comparative advantage.
Francis Shieh a.k.a. Xie Shihao, a learner in the pursuit of compound-complex discipline i.e. economics. April 10, 2008 at 7.45 a.m.
The highest enrolled course on the list is English composition. Would the English language have to do with Economics from the demands of business leaders? Liberal arts courses are designed to train students with broad and intellectually rich coverage of daily events that are related to economics. I have found out that most students lack their writing ability due to the existing format of multiple choices for exams. Employers need emplyees who are trained in good communication. Such thoughts and concepts are needed for economics students in USA and in China in the 21st century with global contacts via technology.
Social and moral questions surrounding the policies of the government through the prisms of virtue and ethics would come to the minds of students with intellect of critical thinking in social sciences. As educators,we are striving to have a literate population with a good balance of academic tradition and skills of creativity.
It is high time to require students to be exposed not just to quantitative data but to qualitative reasoning about happenings in the real world plus the need of learning critical foreign languages such as Chinese as a strategic one in terms of globalization of trade to validate the law of comparative advantage.
Francis Shieh a.k.a. Xie Shihao, a learner in the pursuit of compound-complex discipline i.e. economics. April 10, 2008 at 7.45 a.m.
Wednesday, April 9, 2008
Free Market for Profit with Ethics and Morality?
Adam Smith is known for his famous work "The Wealth of Nations",which describes wealth creation in a competitive commercial economy dominated by market's invisible hand, has long been appropriated by conservatives but anathema to the liberals. Read the statements by Presidential candidates and learn economic realities in USA. It should be pointed out that Smith had another work entitled "Theory of Moral Sentiments" and Smith was a professor of moral philosophy.
What do we value in our life? Money, Morals, Immortality? Our lives are filled with everyday queries of fact and finance. Which investment brings the highest return? What will the candidate actually do when elected in November 2008? The basic issue is morality. Would values transcend cultural difference between the East and the West? Can we have ethical values without religion?
Such examination of philosophy would challenge us in our encounters of our way of life. Here we would be able to find the common ground of Sino-AmericanEconomics.
Inflation is the common problems in the USA and in China for consumers to pay higher prices for food and fuel. What would be the rate of economic growth in USA in 2008 and 2009 to be compared with the rate of growth in China. The World Bank has published estimates for this year and next year for competitive comparisons of Sino-AmericanEconomics in the positive and negative scenarios from purchasing power parity. The answer depends upon the view of the readers.
Francis Shieh a.k.a. Xie Shihao,a student in the pursuit of Economics for making comparisons as cultural enrichment from acts of human behavior of peoples in USA and in China. The final judgment is up to the readers from my blogging with queries. April 9, 2008 at 9.35 p.m.
What do we value in our life? Money, Morals, Immortality? Our lives are filled with everyday queries of fact and finance. Which investment brings the highest return? What will the candidate actually do when elected in November 2008? The basic issue is morality. Would values transcend cultural difference between the East and the West? Can we have ethical values without religion?
Such examination of philosophy would challenge us in our encounters of our way of life. Here we would be able to find the common ground of Sino-AmericanEconomics.
Inflation is the common problems in the USA and in China for consumers to pay higher prices for food and fuel. What would be the rate of economic growth in USA in 2008 and 2009 to be compared with the rate of growth in China. The World Bank has published estimates for this year and next year for competitive comparisons of Sino-AmericanEconomics in the positive and negative scenarios from purchasing power parity. The answer depends upon the view of the readers.
Francis Shieh a.k.a. Xie Shihao,a student in the pursuit of Economics for making comparisons as cultural enrichment from acts of human behavior of peoples in USA and in China. The final judgment is up to the readers from my blogging with queries. April 9, 2008 at 9.35 p.m.
Wall Street Journal,4/9/08: p.A11: Olympic official condemns Anti-China protests
Demonizing and denigrating China is unfair, untrue and unjust to badmouthing the most populous nation on earth. Alarmingly, the vast majority of Americans do not know the truth re riots and violence in Tibet from the media with bias.
I heard the broadcast this morning that our leader thinks D. Lhama is a kind person with religious background. My comment:"Zhi ren zhi mian bu zhi xin" as a Chinese maxim in Pin Yin system of romanization. For those who know the Chinese language,such expression is loud and clear without reservation. However,those who do not know the language yet,please start learning the Chinese language as a form of art re calligraphy and music:four tones in Mandarin Chinese.
I wish that educators would dedicate every available resource to redress this calamitous situation since Chinese is a strategic language needed by Americans. Moreover,language would articulate ideas in a coherent manner. How can we expect to have positive US-China relations when the basic tool for communication is neglected? We must start learning original source materials for better understanding. In this regard,"A Glimpse of the Chinese Language" in English is hereby dedicated as a reference for communication with 1/5 of the folks in the world. www.rand.org for information.
Francis Shieh a.k.a. Xie Shihao,an educator of Chinese and English plus economics as a lifelong student forever. April 9, 2008
I heard the broadcast this morning that our leader thinks D. Lhama is a kind person with religious background. My comment:"Zhi ren zhi mian bu zhi xin" as a Chinese maxim in Pin Yin system of romanization. For those who know the Chinese language,such expression is loud and clear without reservation. However,those who do not know the language yet,please start learning the Chinese language as a form of art re calligraphy and music:four tones in Mandarin Chinese.
I wish that educators would dedicate every available resource to redress this calamitous situation since Chinese is a strategic language needed by Americans. Moreover,language would articulate ideas in a coherent manner. How can we expect to have positive US-China relations when the basic tool for communication is neglected? We must start learning original source materials for better understanding. In this regard,"A Glimpse of the Chinese Language" in English is hereby dedicated as a reference for communication with 1/5 of the folks in the world. www.rand.org for information.
Francis Shieh a.k.a. Xie Shihao,an educator of Chinese and English plus economics as a lifelong student forever. April 9, 2008
Armed Forces Journal,April 2008 issue on China
On page 15: Photo with Chinese characters and English re "Promote sino-American friendshhip; Maintain World Peace: Chinese sailors man the rails abroad the destroyer Qingdao as it arrives in Pearl Harbor, Hawaii for a goodwill visit.
As an honorary citizen of the City of Honolulu, State of Hawaii,I welcome such visit for peace in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a student of economics since early 1940s with the purpose to promote economic development of the United States and China. April 9, 2008
As an honorary citizen of the City of Honolulu, State of Hawaii,I welcome such visit for peace in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a student of economics since early 1940s with the purpose to promote economic development of the United States and China. April 9, 2008
Let the Olympic Games Go On,Washpost,4/9/08 p.A19
Joan Chen,a US citizen in 1989 wrote an honest and objective article that I would share with her views as a US citizen since 1954. Even though we were naturalized in different decades but we are interested in proper US-China relations for the mutual benefit and for the best interests of USA and the world as a whole.
Since the Cultural revolution ended in the late 1970s, she has witnessed unimaginable progress in China. A government that had no ties to the West has evolved into a more open government eager to join the international community. Since I was an American expert lecturing and teaching Western economics in China since 1981, I have observed China's economy has gradually turned into a market economy, raising standard of living of folks in China. The government has made rapid progress during the past years to be a participant of the international community. The evidence is clear,indeed! We can look at the record.
Henry Kissinger's article dated April 7, 2008 described US-China relations as the former Secretary of State for the best interest of USA. Joan Chen's article is a reinforcement from her observation as an ordinary American citizen. I am sending this blog as an octogenarian Citizen of USA and as a graduate student focusing in Economics since 1947 in the United States.
In her conclusion of the article: For decades, anti-China human rights groups have spent millions of dollars denouncing China. To many folks, it seems that this lobby is the only voice that is acceptable or newsworthy in the media and to America. But times are changing. We need to make friends than enemies. Remember what a little ping-pong game did for US-China relations in the 1970s? Let's celebrate the Olympics for what the Games are meant to be - a bridge for friendship, not a playground for politics. I endorse such wholeheartedly!
My view is that Olympic Games are designed for international competition for sports in the name of humanity. Should we condemn the violation of law and order by some Tibetans to try to disrupt such a good cause for their own politics? "Human rights" is an expression with buzzwords and discrimination may be a violation of human rights to make a living. Civil Rights Act of 1964 was meant and is meant to improve human rights of Americans to make a living as Presidential candidates have also spoken out for a better America without discrimination as guaranted by our Constitution.
I wish to add that we must strive to have peace and economic development in the days to come in the nuclear age as I have sent my blogs as an independent and objective watcher for positive relations of two great nations on both sides of the Pacific. Ponder about the consequences of any conflict in the name of economics for US-China or Sino-American relations as Kissinger has aptly pointed out for readers of the Washington Post,April 7, 2008.
American economy is in a recession and we need to understand globalization in the name of Economics for the best interests of all folks in America. Thanks for reading my views and I hope you would see fit to read the entire article by Joan Chen from Washpost online.
Have a great day,every day to be informed about the truth as I earnestly seek for your insightful understanding of the significance of US-China/Sino-American relations in the 21st century.
Francis Shieh,Fulbright Senior Scholar, 1989-1990 on Wednesday,April 9, 2008 at 10 a.m.
Since the Cultural revolution ended in the late 1970s, she has witnessed unimaginable progress in China. A government that had no ties to the West has evolved into a more open government eager to join the international community. Since I was an American expert lecturing and teaching Western economics in China since 1981, I have observed China's economy has gradually turned into a market economy, raising standard of living of folks in China. The government has made rapid progress during the past years to be a participant of the international community. The evidence is clear,indeed! We can look at the record.
Henry Kissinger's article dated April 7, 2008 described US-China relations as the former Secretary of State for the best interest of USA. Joan Chen's article is a reinforcement from her observation as an ordinary American citizen. I am sending this blog as an octogenarian Citizen of USA and as a graduate student focusing in Economics since 1947 in the United States.
In her conclusion of the article: For decades, anti-China human rights groups have spent millions of dollars denouncing China. To many folks, it seems that this lobby is the only voice that is acceptable or newsworthy in the media and to America. But times are changing. We need to make friends than enemies. Remember what a little ping-pong game did for US-China relations in the 1970s? Let's celebrate the Olympics for what the Games are meant to be - a bridge for friendship, not a playground for politics. I endorse such wholeheartedly!
My view is that Olympic Games are designed for international competition for sports in the name of humanity. Should we condemn the violation of law and order by some Tibetans to try to disrupt such a good cause for their own politics? "Human rights" is an expression with buzzwords and discrimination may be a violation of human rights to make a living. Civil Rights Act of 1964 was meant and is meant to improve human rights of Americans to make a living as Presidential candidates have also spoken out for a better America without discrimination as guaranted by our Constitution.
I wish to add that we must strive to have peace and economic development in the days to come in the nuclear age as I have sent my blogs as an independent and objective watcher for positive relations of two great nations on both sides of the Pacific. Ponder about the consequences of any conflict in the name of economics for US-China or Sino-American relations as Kissinger has aptly pointed out for readers of the Washington Post,April 7, 2008.
American economy is in a recession and we need to understand globalization in the name of Economics for the best interests of all folks in America. Thanks for reading my views and I hope you would see fit to read the entire article by Joan Chen from Washpost online.
Have a great day,every day to be informed about the truth as I earnestly seek for your insightful understanding of the significance of US-China/Sino-American relations in the 21st century.
Francis Shieh,Fulbright Senior Scholar, 1989-1990 on Wednesday,April 9, 2008 at 10 a.m.
Misinformation or lost in translation causes misunderstanding
Language problems would generate misunderstanding in semantics of two different languages. That is the very issue as I have detected re US-China relations for decades. It is known that about more than 1/5 people in the world speak Chinese with Chinese culture and China is now the fastest growinig economy. Americans are aware of the need to learn Chinese for better understanding for whatever contacts with the folks in China or whatever activities for communication. However,Chinese is a complicated language even natives have difficulties with it. Since China has officially pushed the language reforms to simplify the language and the introduction of Pin Yin system of romanization for globalization via alphabets for learners,"A Glimpse of the Chinese Language" in English(cf. www.rand.org) is useful with the significant purpose of globalization for cultural understanding in the nuclear age for true peace and economic development. Chinese is one of the six official languages in the United Nations. Thank you for reading my views and have a great day!
Francis Shieh a.k.a. Xie Shihao on Wednesday,April 9, 2008
Francis Shieh a.k.a. Xie Shihao on Wednesday,April 9, 2008
Tuesday, April 8, 2008
New Zealand and China has free trade agreement
CCTV-4 reports on April 9, 2008: Free trade agreement between New Zealand,a developed nation in East Asia and China,a developing nation in East Asia, has been signed to promote economic and other corroborating activities for mutual benefit. Such opportunity deserves close attention re US-China economic relations as a follow-up of Henry Kissinger's insights re the drift of the center of gravity of international affairs from the Atlantic to the Pacific Ocean as published by the Washington Post, April 7, 2008. USA is also a Pacific nation as I pointed out in my previous blog and New Zealand is already moving ahead to have economic competition with China for exports of milk products and other trading activities. It is also noted that Chinese exports would enter New Zealand re the new favorable conditions under competition for the market economy. Since competitive marketing is essential or even critical for the United States economy especially under the present slowdown. I would envision the authorities to take similar action to benefit the American economy. Needless to say,consumers in USA and in China would be affected for positive course of action under the law of comparative advantage in the 21st century. Francis Shieh a.k.a. Xie Shihao. April 8, 2008 at 9.40 p.m.
Health is an asset for folks in USA and in China
Acupuncture clinic pinpoints ailments:
Col. Stephen M. Burns, 79th Medical Group family practice physician, uses a sterile acupuncture needle to deactivate a tight muscle region in the lower back of Senior Airman Sean Walker, a 79th Medical Support Squadron biomedical equipment repair technician, as Rebecca Gaskell, a licensed practical and acqupuncture clinic nurse observes.(Photo) Doctor Burns is one of two full-time acupuncture clinic staff members here at Andrews Air Force Base, Malcolm Grow Medical Center.
A plethora of non-traditional medical disciplines are available:
Traditional Chinese medicine and Moxibustion, Auricular Medicine,Electro-Auricular lMedicine,herbal therapy, Chiropractics,essential oils,Native American medicine,Mind Boby medicine,Nutritional theraphy, Healing Touch,Homeopathy, and Naturopathy are also available. Acupuncture clinic staff treats war-wounded patients at the Walter Reed Army Medical Center. Such clinic utilizes a variety of acupuncture needles, which vary in length to deactivate tight musclke groups. Col. Richard Niemtzow,Air Force Surpeon General consult for complementary and alternative medicine, uses solitens electrical stimulation device to stimulate the acupuncture points inside the ear of Lt. Col. Laurie Hobbs, Medical assignments chief. (Photos) Published by Capital Flyer,April 4, 2008 on page 4.
Francis Shieh, a patient of acupuncture treatment at Nanjing Chinese Medical Hospital when I was teaching at Nanjing University of Finance and Economics in the fall semester 2002.
Col. Stephen M. Burns, 79th Medical Group family practice physician, uses a sterile acupuncture needle to deactivate a tight muscle region in the lower back of Senior Airman Sean Walker, a 79th Medical Support Squadron biomedical equipment repair technician, as Rebecca Gaskell, a licensed practical and acqupuncture clinic nurse observes.(Photo) Doctor Burns is one of two full-time acupuncture clinic staff members here at Andrews Air Force Base, Malcolm Grow Medical Center.
A plethora of non-traditional medical disciplines are available:
Traditional Chinese medicine and Moxibustion, Auricular Medicine,Electro-Auricular lMedicine,herbal therapy, Chiropractics,essential oils,Native American medicine,Mind Boby medicine,Nutritional theraphy, Healing Touch,Homeopathy, and Naturopathy are also available. Acupuncture clinic staff treats war-wounded patients at the Walter Reed Army Medical Center. Such clinic utilizes a variety of acupuncture needles, which vary in length to deactivate tight musclke groups. Col. Richard Niemtzow,Air Force Surpeon General consult for complementary and alternative medicine, uses solitens electrical stimulation device to stimulate the acupuncture points inside the ear of Lt. Col. Laurie Hobbs, Medical assignments chief. (Photos) Published by Capital Flyer,April 4, 2008 on page 4.
Francis Shieh, a patient of acupuncture treatment at Nanjing Chinese Medical Hospital when I was teaching at Nanjing University of Finance and Economics in the fall semester 2002.
Sequel to Henry A. Kissinger's view re global cooperation
Former Secretary of State mentioned geopolitical and competitive elements between US and China,EXPRESS paper published Chinese influence on April 7, 2008 on page 8 to reinforce such rationale. China is becoming the No. 1 foreign economic clout in Laos. As migrants, money and influence roll across the frontier,northern areas of the country are beginning to look like a Chinese province. According to Deputy Prime Minister Somsavat Lengsavad, a Chinese firm was granted a renewable, 50-year lease to transform 4,000 acres of rice fields into a modern city, thus stimulating the business and investment climate of one of the world's poorest nations. Samsavat explained that when Laos fell short of funds to build a stadium for the Southeast Asian Games it will host next year,it turned to the China Development Bank. The bank offered a Chinese firm, Suzhou Industrial Park Overseas Investment Co, a loan to build the stadium in exchange for the lease.
Since Olympics will take place in Beijing,China in 2008 and Southeast Asian Games will be held in Laos in 2009,sports-minded folks would visit Laos from all over the world for sports' competition in Southeast Asia. Such competition would attract peoples from all nations regardless of politics as the Olympics. This view is shared by ordinary folks globally. Kissinger's reasoning of making effort at global cooperation especially between United States and China would be sound for sports competition or other collaboration without politics.
In the field of science,BioDuro has openings in Biology and Chemistry in Beijing for Beijing Laboratory, a newly constructed state- of- the -art facility comprising 300 scientists. BioDuro,Inc. is based in San Diego, CA USA E-Mail: info@bioduro.com or paul.conlon@bioduro.com I was responsible for a Directory sponsored by the National Science Foundation in the interest of American scientists to contact Chinese scientists. Such work is published by Hoover Institution of Stanford University in 1970. This is another evidence of US-China cooperation and collaboration without politics as Kissinger stressed in his analysis for readers of the Washington Post,April 7, 2008 page A17.
Francis Shieh a.k.a. Xie Shihao,an avid reader to watch developments between two nations on both sides of the Pacific with the positive scenario for mutual benefit instead of self-destructive conflict as the former Secretary of State envisions. Tuesday,April 8, 2008
Since Olympics will take place in Beijing,China in 2008 and Southeast Asian Games will be held in Laos in 2009,sports-minded folks would visit Laos from all over the world for sports' competition in Southeast Asia. Such competition would attract peoples from all nations regardless of politics as the Olympics. This view is shared by ordinary folks globally. Kissinger's reasoning of making effort at global cooperation especially between United States and China would be sound for sports competition or other collaboration without politics.
In the field of science,BioDuro has openings in Biology and Chemistry in Beijing for Beijing Laboratory, a newly constructed state- of- the -art facility comprising 300 scientists. BioDuro,Inc. is based in San Diego, CA USA E-Mail: info@bioduro.com or paul.conlon@bioduro.com I was responsible for a Directory sponsored by the National Science Foundation in the interest of American scientists to contact Chinese scientists. Such work is published by Hoover Institution of Stanford University in 1970. This is another evidence of US-China cooperation and collaboration without politics as Kissinger stressed in his analysis for readers of the Washington Post,April 7, 2008 page A17.
Francis Shieh a.k.a. Xie Shihao,an avid reader to watch developments between two nations on both sides of the Pacific with the positive scenario for mutual benefit instead of self-destructive conflict as the former Secretary of State envisions. Tuesday,April 8, 2008
Monday, April 7, 2008
Henry Kissinger's article on National Security
Washington Post, April 7, 2008 page A17: Three simultaneous revolutions occurring around the globe:
a. the transformation of the traditional state system of Europe;
b. the radical Islamist challenge to historic notions of sovereignty;
c. the drift of the center of gravity of international affairs from the Atlantic to the Pacific and Indian Oceans.
My comment: USA is a Pacific nation as America's day starts from Guam.
In the past, such shifts in the structure of power generally led to war, as happened with the emergence of Germany in the late 19th century. Today the rise of China is assigned such a role in much alarmist commentary. True, the Sino-American relationship will inevitably contain classical geopolitical and competition elements. These must not be neglected. But there are countervailing elements. Economic and financial globalization, environmental and energy imperative, and the destructive power of modern weapons all impose a major effort at global cooperation, especially between the United States and China. An adversarial relationship would leave both countries in the position of Europe after the two world wars, when other societies achieved the preeminence the nations of Europe sought through self-destructive conflict with each other. My comment: We must ponder the serious consequences with profound thought in this regard.
What should be the role of Russia, which is affirming a notion of sovereignty comparable to America's and a strategic concept of the balance of power similar to Asia's? My comment: NATO is a case of point. What objectives must be sought in concert, and what are the extreme circumstances that would justify unilateral action? The quest for a single, all-inclusive remedy is chimerical. My comment: We must have a macroview about US-China relations especially Sino-American economics.
I agree with Henry Kissinger's insightful analysis in toto. I happened to be a member of the research staff,Department of Economics at the RAND Corporation from January 1964 to September 1965 when Henry Kissinger was a consultant during that period. My colleague Richard Moorsteen published "Remaking China Policy" Harvard University Press, 1971. During that time, I published "A Glimpse of the Chinese Language" in March 1965.(On page 8,I hinted the opening of China) All of us had the vision in the 20th century to see the opening of China to the world for the best interest of USA and other nations re economic globalization in the 21st century that we are witnessing for the sake of humanity on earth.
Francis Shieh a.k.a. Xie Shihao on Monday, April 7, 2008
a. the transformation of the traditional state system of Europe;
b. the radical Islamist challenge to historic notions of sovereignty;
c. the drift of the center of gravity of international affairs from the Atlantic to the Pacific and Indian Oceans.
My comment: USA is a Pacific nation as America's day starts from Guam.
In the past, such shifts in the structure of power generally led to war, as happened with the emergence of Germany in the late 19th century. Today the rise of China is assigned such a role in much alarmist commentary. True, the Sino-American relationship will inevitably contain classical geopolitical and competition elements. These must not be neglected. But there are countervailing elements. Economic and financial globalization, environmental and energy imperative, and the destructive power of modern weapons all impose a major effort at global cooperation, especially between the United States and China. An adversarial relationship would leave both countries in the position of Europe after the two world wars, when other societies achieved the preeminence the nations of Europe sought through self-destructive conflict with each other. My comment: We must ponder the serious consequences with profound thought in this regard.
What should be the role of Russia, which is affirming a notion of sovereignty comparable to America's and a strategic concept of the balance of power similar to Asia's? My comment: NATO is a case of point. What objectives must be sought in concert, and what are the extreme circumstances that would justify unilateral action? The quest for a single, all-inclusive remedy is chimerical. My comment: We must have a macroview about US-China relations especially Sino-American economics.
I agree with Henry Kissinger's insightful analysis in toto. I happened to be a member of the research staff,Department of Economics at the RAND Corporation from January 1964 to September 1965 when Henry Kissinger was a consultant during that period. My colleague Richard Moorsteen published "Remaking China Policy" Harvard University Press, 1971. During that time, I published "A Glimpse of the Chinese Language" in March 1965.(On page 8,I hinted the opening of China) All of us had the vision in the 20th century to see the opening of China to the world for the best interest of USA and other nations re economic globalization in the 21st century that we are witnessing for the sake of humanity on earth.
Francis Shieh a.k.a. Xie Shihao on Monday, April 7, 2008
Sunday, April 6, 2008
Investors had nowhere to hide:WashPost,4/6/08
Page F7: Slower consumer spending and reduced access to credit- Citigroup and Bank of America,financial giants have reported billions of dollars in write-downs. Wall Street will further dent investor confidence and lead to another broad sell-off. Let us wait and see the coming events.
The recession bell has rung for the US economy," said Stuart Hoffman,chief economist at PNC Financial Services Group.. "The loss of jobs is very widespread." I envisioned such outlook months ago.
World stock funds lost 9.6%; emerging market funds fared worse, falling 11.7%. China region funds dropped a whopping 21.2%.
Funds have tanked so far and we hope the stimulus package might give consumers a shot in the arm since consumption sector occupies 2/3 of GDP.
My comment: Taiwan posted healthy gains and Taiwan's new leader will promote more trading and other economic activities with mainland China. That remains to be seen in the positive scenario. Such happening would have impacts on Sino-American economics as a whole since Taiwan is a part of China officially as proclaimed by US presidents.
Francis Shieh a.k.a. Xie Shihao on Sunday,April 6, 2008 at 2.38 p.m.
The recession bell has rung for the US economy," said Stuart Hoffman,chief economist at PNC Financial Services Group.. "The loss of jobs is very widespread." I envisioned such outlook months ago.
World stock funds lost 9.6%; emerging market funds fared worse, falling 11.7%. China region funds dropped a whopping 21.2%.
Funds have tanked so far and we hope the stimulus package might give consumers a shot in the arm since consumption sector occupies 2/3 of GDP.
My comment: Taiwan posted healthy gains and Taiwan's new leader will promote more trading and other economic activities with mainland China. That remains to be seen in the positive scenario. Such happening would have impacts on Sino-American economics as a whole since Taiwan is a part of China officially as proclaimed by US presidents.
Francis Shieh a.k.a. Xie Shihao on Sunday,April 6, 2008 at 2.38 p.m.
No Cushion Against Hubris: WashPost 4/6/08
Page B7: "The first panacea for a mismanaged nation is inflation of the currency; the second is war." Earnest Hemingway,Esquire Magazine,Sept. 1935
This is changing under our feet. The golden moments that enveloped the global economy for most of this decade is fading - at least psychologically if not materially - as we reach the end of an era of habris in global affairs.
It is coming not just for Americans but for the population of other developed economies. It is coming not just in US military setbacks in the sands of Iraq and the mountains of Afghanistan but in a spreading lack of trust in the counting houses of Wall Street and the chanceries of the world's finance ministries.
All three Presidential candidates: Obama,Clinton and McCain seek a mandate to restore a commanding American leadership in global affairs that was taken for granted until recently.
Any lingering assumptions about the ability of a single superpower to manage for the good of mankind are evaporating abroad as the Federal Reserve rushes through emergency measures and slashes interest rates to guard against a collapse of US and European financial markets. The value of the US dollar affects oil and other commodity prices. My comment: We are witnessing the impacts of such dark scenes.
It is hard to see how the financial systems can be fixed or even rebalanced without committed and credible American leadership based on REALISM and not HUBRIS. Jim Hoagland's conclusion is to put US own house in order. My comment: Charity starts at home. It is a matter of priority of paying attention to demestic needs versus international involvement. Such change of direction remains to be seen after November election of a new leader to be in charge after January 20, 2009.
Francis Shieh a.k.a. Xie Shihao on Sunday, April 6, 2008 at 1.30 p.m.
This is changing under our feet. The golden moments that enveloped the global economy for most of this decade is fading - at least psychologically if not materially - as we reach the end of an era of habris in global affairs.
It is coming not just for Americans but for the population of other developed economies. It is coming not just in US military setbacks in the sands of Iraq and the mountains of Afghanistan but in a spreading lack of trust in the counting houses of Wall Street and the chanceries of the world's finance ministries.
All three Presidential candidates: Obama,Clinton and McCain seek a mandate to restore a commanding American leadership in global affairs that was taken for granted until recently.
Any lingering assumptions about the ability of a single superpower to manage for the good of mankind are evaporating abroad as the Federal Reserve rushes through emergency measures and slashes interest rates to guard against a collapse of US and European financial markets. The value of the US dollar affects oil and other commodity prices. My comment: We are witnessing the impacts of such dark scenes.
It is hard to see how the financial systems can be fixed or even rebalanced without committed and credible American leadership based on REALISM and not HUBRIS. Jim Hoagland's conclusion is to put US own house in order. My comment: Charity starts at home. It is a matter of priority of paying attention to demestic needs versus international involvement. Such change of direction remains to be seen after November election of a new leader to be in charge after January 20, 2009.
Francis Shieh a.k.a. Xie Shihao on Sunday, April 6, 2008 at 1.30 p.m.
Strategic Studies Quarterly,Spring 2008
Forging New Horizons: The strategic environment we face today presents incredibly complex challenges: Competition from rising peers such as China and Russia - that have a full range of technological and economic capabilities. Today we are fully engaged in Iraq, Afghanistan, and the Middle East in general, and we are fighting to survive. Decades ago, the United States controlled almost half of the world's GNP,it also faced a bellicose Soviet Union. However,the security and economic health of the United States are now closely intertwined with the stability and prosperity of the international system of globalization in the 21st century. There is a growing Chinese economic influence in Latin America, Africa, the Middle East, and the Pacific in trading activities. My comment: The United States and China are members of the Security Council of the United Nations to work for peace and economic development to have global impacts with repercussions of all nations.
We must also have expertise in culture and economics to predict how China and Russia will evolve. It is only by thorough and careful long-range pragmatic analyses that we can prepare to address these multifaceted evolutions from a strategic perspective. Lawrence A. Skantze,General,USAF(ret) Former Vice Chief of Staff.
My comment: Culture of China: Confucianism must be explored and the Chinese language must be studied for better understanding from the original source materials.
In re Economics: Sino-American Economics should be up-to-date by watching the happenings apropos of US-China relations in the 21st century. References relating to Chinese language and culture may be obtained from the Library of Congress and Georgetown University Library online catalog. Cf.www.loc.gov (Library of Congress online catalog)
Francis Shieh,an avid learner for making analyses of Chinese culture and economics of the United States and China since early 1940s. Sunday, April 6, 2008 at 7.28 a.m.
We must also have expertise in culture and economics to predict how China and Russia will evolve. It is only by thorough and careful long-range pragmatic analyses that we can prepare to address these multifaceted evolutions from a strategic perspective. Lawrence A. Skantze,General,USAF(ret) Former Vice Chief of Staff.
My comment: Culture of China: Confucianism must be explored and the Chinese language must be studied for better understanding from the original source materials.
In re Economics: Sino-American Economics should be up-to-date by watching the happenings apropos of US-China relations in the 21st century. References relating to Chinese language and culture may be obtained from the Library of Congress and Georgetown University Library online catalog. Cf.www.loc.gov (Library of Congress online catalog)
Francis Shieh,an avid learner for making analyses of Chinese culture and economics of the United States and China since early 1940s. Sunday, April 6, 2008 at 7.28 a.m.
Saturday, April 5, 2008
Common Problems of USA and China
Business Week,April 7, 2008: Page 78: China's Factory Blue. I have noted similar situation in USA due to outsourcing and the slowdown of the US economy.
Page 81 The Middle Class feels the squeeze due to rising food and fuel prices. Such price rise is the serious problems for Americans as well. WTOP radio says that the rise of such high prices is the top news of last 17 years as I heard this morning.
High prices are forcing American and Chinese consumers to scrimp due to the constraint of income.
Economic systems may be different but the goal of any system is designed to serve living conditions of the peoples. Nobody would impugn such objectives. Any other scenarios?
Francis Shieh a.k.a. Xie Shihao on Saturday,April 5, 2008
Page 81 The Middle Class feels the squeeze due to rising food and fuel prices. Such price rise is the serious problems for Americans as well. WTOP radio says that the rise of such high prices is the top news of last 17 years as I heard this morning.
High prices are forcing American and Chinese consumers to scrimp due to the constraint of income.
Economic systems may be different but the goal of any system is designed to serve living conditions of the peoples. Nobody would impugn such objectives. Any other scenarios?
Francis Shieh a.k.a. Xie Shihao on Saturday,April 5, 2008
Corral our thoughts with equanimity with courage and creativity
Silence will not only allow a person to watch and learn, it will attract opportunities to a person with value. Bring laughter and creative fun in life. Compassion boosts one's karma and attitude is a determination of oneself. There is happiness in seeking what is beautiful in everything in the name of Aesthetics to gain mental and physical strength for spiritual clout. Let inspiration catch up en route to cheers of our way of life.
My spirits are high for my adventures in pidgin English. It is interesting to note that the word Pidgin comes from the Chinese pronunciation of the English word "business" as per Michael Dirda,a linguist. E-Mail: mdirda@gmail.com
Francis Shieh,a student of English and Chinese languages via the genes from parents. April 5, 2008
My spirits are high for my adventures in pidgin English. It is interesting to note that the word Pidgin comes from the Chinese pronunciation of the English word "business" as per Michael Dirda,a linguist. E-Mail: mdirda@gmail.com
Francis Shieh,a student of English and Chinese languages via the genes from parents. April 5, 2008
Cimparison of economic system: USA and China
Washington Post,April 5, 2008 published "Letter to the Editor" by Arnold F. Fege,director of public engagement and advocacy for the public education network wrote: "Socialism for the Rich": The queries raised are as follows:
What is wrong with a Congress and White House that at the drop of the hat, give away $30 billion in loan guarantgees to shore up Bear Stearns chief executive Alan Schwarts but find it impossile to provide $30 billion over five years to fund the Statge Children's Health Insurance Program? Well, my comment is that who has more political clout in our society? Children OR the multibillionaires in the private sector? It is a matter of public interest versus private interest for the leaders to make a decision. Such priority problem has been noted by Presidential candidates already. Needless to say,we shall watch the election result in November this year.
Aren't families without health insurance just as much at risk as Wall Street is? Aren't our children worth as much as a Bear Searns executive who made #141 million over the past five years despite recklessness and and inept leadership?
The writer stated further: Oh, I forgot. Providing government health insurance may be labeled as socialism but providing government bailouts to banks and brokerage houses is not? Excuse me for getting my "isms" confused and my patriotism misplaced, but this is one citizen who cannot be duped anymore by a Congress and a White House that plead poverty when it comes to funding poor kids and families but public interest in justifying $30 billion to Bear Stearns. If socialism is good for business, why is it not good for the uninsured? My comment: The writer is an honest good guy to submit his views to the Washington Post but where is the real clout? His views are published for readers but may be ignored by the leaders with real clout.
I have beeb a student of economics since early 1940s and am trying very hard to learn the difference of economic systems. Perhaps smart readers would enlighten me with your smart answers to the above queries. Thanks for reading my innocent blog as an octogenarian who has been watching our society with complexity and complicity since 1947. Let us try our very best to compare American economic system and China's system as learners of Sino-American or US-China economic systems ad infinitum. April 5, 2008
What is wrong with a Congress and White House that at the drop of the hat, give away $30 billion in loan guarantgees to shore up Bear Stearns chief executive Alan Schwarts but find it impossile to provide $30 billion over five years to fund the Statge Children's Health Insurance Program? Well, my comment is that who has more political clout in our society? Children OR the multibillionaires in the private sector? It is a matter of public interest versus private interest for the leaders to make a decision. Such priority problem has been noted by Presidential candidates already. Needless to say,we shall watch the election result in November this year.
Aren't families without health insurance just as much at risk as Wall Street is? Aren't our children worth as much as a Bear Searns executive who made #141 million over the past five years despite recklessness and and inept leadership?
The writer stated further: Oh, I forgot. Providing government health insurance may be labeled as socialism but providing government bailouts to banks and brokerage houses is not? Excuse me for getting my "isms" confused and my patriotism misplaced, but this is one citizen who cannot be duped anymore by a Congress and a White House that plead poverty when it comes to funding poor kids and families but public interest in justifying $30 billion to Bear Stearns. If socialism is good for business, why is it not good for the uninsured? My comment: The writer is an honest good guy to submit his views to the Washington Post but where is the real clout? His views are published for readers but may be ignored by the leaders with real clout.
I have beeb a student of economics since early 1940s and am trying very hard to learn the difference of economic systems. Perhaps smart readers would enlighten me with your smart answers to the above queries. Thanks for reading my innocent blog as an octogenarian who has been watching our society with complexity and complicity since 1947. Let us try our very best to compare American economic system and China's system as learners of Sino-American or US-China economic systems ad infinitum. April 5, 2008
Washington Post, April 3,08 page A10 for scenarios,please?
The Public Security Bureau has accused Uighur separatist group of planning terrorist attacks to disrupt the Olympics. Authorities said a woman plotted to blow up an airliner using materials in a soft-drink can but was thwarted by quick-witted crew members. Since then, the Chinese government has tightened restrictions on liquids carried by airline passengers.
The United States has designated some Uighur separatist movements as terrorist organization and declared that one of the the East Turkestan Islamic Movement, has links to Osama bin Laden's al-Qaeda network.
The reader of this blog is entitled to make judgment about such news to be related or otherwise to Sino-American Economics. I have reason to believe that both USA and China are fighting Terrorism for mutual benefit in the pursuit of peace and economic development in the 21st century.n
Secretary of Treausry Paulson mentioned the importance of two nations to work together for energy and environment several days ago in Beijing. The website www.epa.gov may be useful for reference. Authorities in China are aware of auto's impact on the environment and action has been taken to such problems before Olympic Games.
Francis Shieh,an interested person apropos of our environment for our health and the well-being of humankind in USA and in China as well. April 5, 2008 at 7.28 a.m.
The United States has designated some Uighur separatist movements as terrorist organization and declared that one of the the East Turkestan Islamic Movement, has links to Osama bin Laden's al-Qaeda network.
The reader of this blog is entitled to make judgment about such news to be related or otherwise to Sino-American Economics. I have reason to believe that both USA and China are fighting Terrorism for mutual benefit in the pursuit of peace and economic development in the 21st century.n
Secretary of Treausry Paulson mentioned the importance of two nations to work together for energy and environment several days ago in Beijing. The website www.epa.gov may be useful for reference. Authorities in China are aware of auto's impact on the environment and action has been taken to such problems before Olympic Games.
Francis Shieh,an interested person apropos of our environment for our health and the well-being of humankind in USA and in China as well. April 5, 2008 at 7.28 a.m.
Friday, April 4, 2008
Martin Luther King Jr.: A complex legacy et al.
Washington Post,April 4, 2008 on Page A1 with Photo of MLK,Jr. apropos of race, justice and citizenship. "New York Times/CBS" survey reveals that 81% of Americans believe that we are on the wrong track as published by "USA Today" as well. Presidential candidate Obama stresses changes of directions and most American voters would support since the economy is on the wrong track with the clear empirical evidence of such trend deserving a CHANGE to the right course for 2008 election.
It is high time to realize that USA is a nation of varied races and Americans should be treated fairly regardless of race,color,national origin and age. However,if an octogenarian applies for a job,most likely no positive reply will be given to the applicant. Why? There is still age discrimination even though the octogenarian is hale and hearty! Francis Shieh is aware of such case very well as a witness of such unfair treatment in the literal sense. Hahahaha for a cheeful weekend and remember that smile costs you nothing,not even a penny! April 4, 2008.
The good practical joke is as follows with rhymed comics by talented Tom Toles published on page A22 of the Washington Post today.
This is the investor,tattered and torn; Who lent to the banker,shaven and shorn; With advice from the economist, theories(in the books?)worn; And help from the builder with the crumpled horn,who sold to Jack(whom?) now forlorn.
As a lifelong student,I truly appreciate the above in-depth analysis of the real world of economics in action nowadays.
It is high time to realize that USA is a nation of varied races and Americans should be treated fairly regardless of race,color,national origin and age. However,if an octogenarian applies for a job,most likely no positive reply will be given to the applicant. Why? There is still age discrimination even though the octogenarian is hale and hearty! Francis Shieh is aware of such case very well as a witness of such unfair treatment in the literal sense. Hahahaha for a cheeful weekend and remember that smile costs you nothing,not even a penny! April 4, 2008.
The good practical joke is as follows with rhymed comics by talented Tom Toles published on page A22 of the Washington Post today.
This is the investor,tattered and torn; Who lent to the banker,shaven and shorn; With advice from the economist, theories(in the books?)worn; And help from the builder with the crumpled horn,who sold to Jack(whom?) now forlorn.
As a lifelong student,I truly appreciate the above in-depth analysis of the real world of economics in action nowadays.
"It is the Economy" with whatever in semantics
It is (semi) official: We are in a recession. FED Chairman is the bad-news bearer belatedly as published by The Washington Post on page A3,April 3, 2008:
Greenspan: "The most wrenching since the end of the Second World War."
Feldstein: "Substantially more severe downturn than usual" "The situation is bad, it is getting worse."
Six weeks ago, Chairman Bernanke said "sluggish growth." Cf. My blogs in the past.
My comment: Since there have been twin deficits i.e. trade and federal deficits,the logical effect would not be favorable. We are witnessing the consequences now. Stagflation has been noted and we hope for the best in 2009 as FED Chair stated. In the meantime,grin and bear with the situations re faith and hope with charity toward the less fortunate folks in USA. China's economy has problems as well but I do envision the joint efforts of two nations with strategic economic conference in June in Washington for possible favorable outcome hopefully in terms of globalization of resources for proper utilization to obtain economic utility of peoples."Yi ren wei ben" is the guidelines for USA and China. The readers can detect the semantics in denotation and connotation in your own musing with serious thoughts.
Francis Shieh on Friday,April 4th. It used to be a day for children in China when I was a kid after 1926. My memory still works as an octogenarian with positive scenario as a guy living in the high-tech age with plenty of gadgets!!! I admit I don't know enough about economics et al. but there are those who don't know they don't know as Professor John K. Galbraith so aptly stated decades ago. Hehehahahoho all the way and we shall live to be centenarians.
Greenspan: "The most wrenching since the end of the Second World War."
Feldstein: "Substantially more severe downturn than usual" "The situation is bad, it is getting worse."
Six weeks ago, Chairman Bernanke said "sluggish growth." Cf. My blogs in the past.
My comment: Since there have been twin deficits i.e. trade and federal deficits,the logical effect would not be favorable. We are witnessing the consequences now. Stagflation has been noted and we hope for the best in 2009 as FED Chair stated. In the meantime,grin and bear with the situations re faith and hope with charity toward the less fortunate folks in USA. China's economy has problems as well but I do envision the joint efforts of two nations with strategic economic conference in June in Washington for possible favorable outcome hopefully in terms of globalization of resources for proper utilization to obtain economic utility of peoples."Yi ren wei ben" is the guidelines for USA and China. The readers can detect the semantics in denotation and connotation in your own musing with serious thoughts.
Francis Shieh on Friday,April 4th. It used to be a day for children in China when I was a kid after 1926. My memory still works as an octogenarian with positive scenario as a guy living in the high-tech age with plenty of gadgets!!! I admit I don't know enough about economics et al. but there are those who don't know they don't know as Professor John K. Galbraith so aptly stated decades ago. Hehehahahoho all the way and we shall live to be centenarians.
Thursday, April 3, 2008
US-China share balanced economic growth
Washington Post,April 3, 2008 page D5: Treasury Secretary Paulson said "Our two countries share the challenge of achieving balanced economic growth along with energy security and environmental subtainability." "It will take resourcefulness, creativity, determination and a long-term commitment to achieve the results we seek." He cited the natural equilibriium of markets to match supply and demand." My comment: There are expansionary and contractionary gaps to the aggregate demand and aggregate supply as per the economic model. However,we must try to bridge the gaps by adjusting the fiscal and monetary policies in China and in the United States as well. Such adjustments would be difficult as we are witnessing the current happenings in USA and in China in the real world. Economics is full of complexity and complicity too! Human factor is very much involved for vested interests,indeed.
Francis Shieh, a lifelong student focusing the American economy and China's economy. April 3, 2008 at 9.33 p.m.
Francis Shieh, a lifelong student focusing the American economy and China's economy. April 3, 2008 at 9.33 p.m.
The builder of America's Venice sets his sights on China
The Mogul Who Bet on Vegas: Washington Post,April 3,08 page A17
Warren Buffett and Bill Gates are richest Americans. The 3rd one is Sheldon Adelson, 74, whose net worth is $26 billion. In Macao, Adelson has two resorts, including a Venetian with a casino three times larger than the largest in Las Vegas.
Thanks to Adelson, Macao has its Venetian - a replica of a replica of a city. China has passed into post-modernism's erasure of distinctions between high and low culture, and between originals and copies, without yet achieving modernity. Buffett and Gates may still be richer, for now, but Adelson's achievements astonish and multiply. Howcome? Ponder and reflect the SAR of Macao,China when visitors expect to try their luck in Macao. George Will has published the above. E-mail: georgewill@washpost.com
Francis Shieh a.k.a. Xie Shihao, a student of the Law of Probability Revisited re Sino-American Economics. April 3, 2008 at 2.30 p.m.
Warren Buffett and Bill Gates are richest Americans. The 3rd one is Sheldon Adelson, 74, whose net worth is $26 billion. In Macao, Adelson has two resorts, including a Venetian with a casino three times larger than the largest in Las Vegas.
Thanks to Adelson, Macao has its Venetian - a replica of a replica of a city. China has passed into post-modernism's erasure of distinctions between high and low culture, and between originals and copies, without yet achieving modernity. Buffett and Gates may still be richer, for now, but Adelson's achievements astonish and multiply. Howcome? Ponder and reflect the SAR of Macao,China when visitors expect to try their luck in Macao. George Will has published the above. E-mail: georgewill@washpost.com
Francis Shieh a.k.a. Xie Shihao, a student of the Law of Probability Revisited re Sino-American Economics. April 3, 2008 at 2.30 p.m.
Smithsonian China series showcases Beijing Olympics
The Smithsonian series will run to late June. This is a collaborative effort among international partners and distinguished personalities from China and the United States. The program delves into the history and the major cities of Beijing, Hong Kong and Shanghai. Such events bring back my happy memories of my teaching and lectures in Beijing, Hong Kong and Shanghai since 1981. I visited Shanghai area two times from the Fall 2007 for three weeks and four weeks from January to February 2008.
US and China relations: Looking ahead on April 3, 2008. Timely topics from trade and finance to regional and global security.
On April 17, 2008 Wildlife of China: Endangered Treasures
Inside the Rings: The 2008 Beijing Olympic Games on May 8, 2008
Francis Shieh a.k.a. Xie Shihao,a graduate student from China in 1947,serving as a bridge for economic relations of USA and China. April 3, 2008
US and China relations: Looking ahead on April 3, 2008. Timely topics from trade and finance to regional and global security.
On April 17, 2008 Wildlife of China: Endangered Treasures
Inside the Rings: The 2008 Beijing Olympic Games on May 8, 2008
Francis Shieh a.k.a. Xie Shihao,a graduate student from China in 1947,serving as a bridge for economic relations of USA and China. April 3, 2008
Wednesday, April 2, 2008
World Bank report about Asia.WashPost,April 2,08 page D7
East Asian nations must act promptly to ease the burden of mounting food and fuel prices on the region's poor. The Bank said growth in developing East Asian economies could slip by 1 to 2 percentage points this year to 8.5% as the US credit crisis unfolds, damping demand for exports. FED Chairman testified in Congress today re the negative scenario for the first half of this year.
The report also trimmed its 2008 growth forecast for China to 9.4 % but said it should be robust enough to help drive the global economy as the United States and other industrialized countries slow. Such assessment reinforces the significance of Sino-Americn Economics in the 21st century.
US Secretary of Treasury is visiting China and conferred with President Hu concerning trade and economic relations for strategy concerns. I mentioned the same expections as my vision apropos of the benefit of mutual benefits to enforce the Law of Comparative Advantage of trade relations. www.ask.com: Work and Study Cycle Theory. American consumers want to save money especially during the present hard times to buy less expensive Chinese products for budget reasons. Cf. ECONOMIST magazine for feature articles.
Francis Shieh a.k.a. Xie Shihao, a witness of increasing strategic economic activities of USA and China. April 2, 2008 at 9.45 p.m.
The report also trimmed its 2008 growth forecast for China to 9.4 % but said it should be robust enough to help drive the global economy as the United States and other industrialized countries slow. Such assessment reinforces the significance of Sino-Americn Economics in the 21st century.
US Secretary of Treasury is visiting China and conferred with President Hu concerning trade and economic relations for strategy concerns. I mentioned the same expections as my vision apropos of the benefit of mutual benefits to enforce the Law of Comparative Advantage of trade relations. www.ask.com: Work and Study Cycle Theory. American consumers want to save money especially during the present hard times to buy less expensive Chinese products for budget reasons. Cf. ECONOMIST magazine for feature articles.
Francis Shieh a.k.a. Xie Shihao, a witness of increasing strategic economic activities of USA and China. April 2, 2008 at 9.45 p.m.
Tuesday, April 1, 2008
The Origin of Wealth by Eric D. Beinhocker
Harvard Business School Press,Boston,MA published the book with a subtitle: The Radical Remaking of Economics and What It Means for Business and Society. $16
Such work is a brilliant thought, -provoking, and wide-ranging magnum opus,indeed.
The author surveys the cutting-edge ideas of economists and scientists and brings their work alive. It is economic evolkution an algorithm of all-purpose formula for innovation of a form of information processing. Evolution creas wealth and has takenus from the Stone Age to the $36.5+ trillion global economy of today.
How complexity or even duplicity economics from the movers with strategy and design to investment and public policy. The book sets the agenda for economic thinking in the 21st century and beyond. Adam Smith noted the rich variety of ways that folks have measured their wealth throughout history in nations in realms ranging from computer software to the mind to human culture and the global economy.
Is wealth an intrinsic, tangible thing that gives value? Wealth is not a fixed concept and may be more ephemeral (sic) The value of things depends upon what one is willing to pay for it at a particular time.
In the contemporary world, wealth exists in electronic blips on a computer with the swipe of a credit card or the click of a mouse.
How the knowledge of our brains lead to the creation of wealth? How can the global economy grow in a way that is environmentally subtainable? Moreover, wealth may not buy happiness as I submitted my Formula for Happiness in my previous blogs. Economic phenomena are so unpredictable that efforts have failed between a metaphorical versus a literal understanding of the global economy. Sino-American economics falls into the fitness function for competitive endeavors in the days to come.
Such work is a brilliant thought, -provoking, and wide-ranging magnum opus,indeed.
The author surveys the cutting-edge ideas of economists and scientists and brings their work alive. It is economic evolkution an algorithm of all-purpose formula for innovation of a form of information processing. Evolution creas wealth and has takenus from the Stone Age to the $36.5+ trillion global economy of today.
How complexity or even duplicity economics from the movers with strategy and design to investment and public policy. The book sets the agenda for economic thinking in the 21st century and beyond. Adam Smith noted the rich variety of ways that folks have measured their wealth throughout history in nations in realms ranging from computer software to the mind to human culture and the global economy.
Is wealth an intrinsic, tangible thing that gives value? Wealth is not a fixed concept and may be more ephemeral (sic) The value of things depends upon what one is willing to pay for it at a particular time.
In the contemporary world, wealth exists in electronic blips on a computer with the swipe of a credit card or the click of a mouse.
How the knowledge of our brains lead to the creation of wealth? How can the global economy grow in a way that is environmentally subtainable? Moreover, wealth may not buy happiness as I submitted my Formula for Happiness in my previous blogs. Economic phenomena are so unpredictable that efforts have failed between a metaphorical versus a literal understanding of the global economy. Sino-American economics falls into the fitness function for competitive endeavors in the days to come.
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