Tuesday, May 13, 2008

Inflation to be continued: TIME,May 19, 2008 issue

The Food Crisis: Why high prices are here to stay - on page 34-35. A World Bank reports projects that food price will remain high for at least another year before increases in supply take hold in the market. I wish to add"hopefully" But other pressures i.e. costly oil, demand for biofuels and protectionist trade policies -won't abate. Such is one of the issues for Presidential campaign. The other one is War in Iraq and Afghanistan.

Sigmund Roseth write:" The West's more positive values and practices will osmose into China. Unfortunately, so will our less desirable and wasteful ones.

My comment:The East and the West should learn from each other starting from languages with cultures for genuine understanding in the 21st century and beyond...

Francis Shieh a.k.a. Xie Shihao with reflections of the state of the economy.

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