Saturday, June 7, 2008

Stocks plunge as oil surges-US consumers suffer

The prospect of higher energy cost that would hobble most Americans and worsen a slowing economy had investors are pulling money out of stocks.

CCTV-4,June 7th shows President Bush with Secretary of Treasury Paulson and Secretary of State Rice to hold meeting to offer 10 million to China as donations to China's quake disaster. Such goodwill is appreciated by Chinese leaders and Chinese citizens.

Former US Secretary of State Kissinger and former consultant at the RAND Corporation,1964-65 wrote a short introduction about President Hu Jintao of China,published by TIME, May 12, 2008 on page 49.

Hu is 65 and has proclaimed the goal of a harmonious society. It is a principle he has tried to apply to international affairs as well. My comment: Hu has studied Confucianism to be applied to China and I support such cultural heritage for all good folks in the world who understands that Confucianism influences us on education with ethics and morality.

Dr. Kissinger's conclusion: A peaceful and prosperous world REQUIRES Sino-American cooperation. That is the reason for my blogging to keep readers informed about such an important mission on earth.

Francis Shieh a.k.a.Xie Shihao,author of "A Glimpse of the Chinese Language" www.rand.org for reference. I was a member of the research staff, Department of Economics at RAND in 1964-85 working with Richard Moorsteen,author of "Remaking China Policy" published by Harvard University Press,1971. June 7, 2008 at 1.17 p.m.

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