Liu Xiang, a star hurdler, is a native of Shanghai, China. He can be seen on the cover page of NEWSWEEK,August 4, 2008.
New York Times, July 31,2008 page A1: Strong economy propels Brazil to world stage i.e. to long-anticipated global role. I visited Sao Paulo,Brazil in 1997.
Page C1: China and India shared the same views on free trade when the trade talks collapsed in Geneva. Critics argued that the US had forced the issue because other problems remained unresolved, including the level of US coton subsidies.
Page A10: IMG scores a sports deal with China: Pact with CCTV to give firm right to market events for 20-year in exclusive approval.
Page C5: Demand for professional education and test preparation courses has grown in China as work force competition and career advancement opportunities in professional fields have expanded. Such event does dovetail my advocating of the investment in human capital and would validate and reinforce "Work and Study Cycle Theory" Cf. www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao, a student in economics with vision in the Knowledge via education sector for human capital investment in the 21st century apropos of USA and China as well. July 31, 2008 at 2 p.m.
Thursday, July 31, 2008
Sequel to General Motors: To slash work force et al
Automaker plans to cut 15% of all salaried employees or about 5,100 jobs b Nov.1 as part of a plan to slash billioins of dollars and help the automaker ride out a slump in sale. But sales in China are OK as per my previous blog.
Here is another evidence of Sino_American Economics.
EXPRESS: July 31, 2008 issue page E30: Globe trotter: Before Columbus there was Zheng He. The National Geographic tells the Chinese admiral and explorer's thrilling story in "China's Forgotten Fleet: Voyages of Zheng He," complete with cultural artifacts and authentic maps detailing his journeys. Here is an opportunity to study the Chinese language for cultural enrichment of Americans.
Page 1: Beijing steps up Olympic preparations: Performers wait to enter the National Stadium,known as the Bird's Nest, for a rehearsal of the Olympic opening ceremony in Beijing. I shall watch TV in Shanghai but such viewing is prohibited at CCTV-4 in the US due to rules of International Olympic Commission.
Page 8: Air Pollution levels drop in Beijing: Pre-Olympic measures helped clear the skies.
Washington Post,July 31, 2008 page B1,B5: Embassy opening puts spotlight on China's international stature. The new embassy dominates a diplomatic enclave with an entrance hall of a 50-foot tall ceiling.(photo) in Washington,D.C.
Francis Shieh a.k.a. Xie Shihao. July 31, 2008 at 11.25 a.m.
Here is another evidence of Sino_American Economics.
EXPRESS: July 31, 2008 issue page E30: Globe trotter: Before Columbus there was Zheng He. The National Geographic tells the Chinese admiral and explorer's thrilling story in "China's Forgotten Fleet: Voyages of Zheng He," complete with cultural artifacts and authentic maps detailing his journeys. Here is an opportunity to study the Chinese language for cultural enrichment of Americans.
Page 1: Beijing steps up Olympic preparations: Performers wait to enter the National Stadium,known as the Bird's Nest, for a rehearsal of the Olympic opening ceremony in Beijing. I shall watch TV in Shanghai but such viewing is prohibited at CCTV-4 in the US due to rules of International Olympic Commission.
Page 8: Air Pollution levels drop in Beijing: Pre-Olympic measures helped clear the skies.
Washington Post,July 31, 2008 page B1,B5: Embassy opening puts spotlight on China's international stature. The new embassy dominates a diplomatic enclave with an entrance hall of a 50-foot tall ceiling.(photo) in Washington,D.C.
Francis Shieh a.k.a. Xie Shihao. July 31, 2008 at 11.25 a.m.
There are more Buicks sold in China than in the United States
Source: International Energy Agency: Chinese auto sales are expected to exceed those in the US in about 2015, when there will be more than 17 million vehicles in the Chinese market. Welders assemble cars at a General Motors plant in Shanghai.(photo) published by the Washington Post, July 28,2008 on page A6.
Photo: Traffic moves along in Shanghai. China began to promote car ownership and has since cut sales taxes, encouraged construction of parking areas, banned bicycles on some streets and laid thousands of miles of highways. National Geographic Image Collection.
Page A7: "People want to have a car that shows off their status in society... Fuel economy is probably the last thing Chinese look for." Business folks want status with material things such as house and car. However,ordinary Chinese cannot afford to buy cars with their limited income. My comment: Happiness is not material consumpton over desire but we need intellectual pursuits,spiritual satisfaction and good health. I repeat my thoughts for readers to ponder and reflect my philosophy of life in the mundane world.
On the same page A7:To encourage the Chinese to go green, GM,which has ranked first for passenger car sales in China in each of the past three years, is preparing to market hybrid vehicles or cars that run on alternative fuels. But a Shanghai business man Zhang bought the Hummer in 2006, on special order from the US. It cost him $220,000, including hefty shipping and import fees. My comment: It is good for American business to sell cars to Chinese who can afford to buy such vehicles.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai but prefers to ride a bike to exercise for health in China during my teaching years(1993-1996) in Beijing. However,I need to drive now in Maryland for shopping and going to the libraries at a distance. July 31, 2008 at 6.32 a.m.
Photo: Traffic moves along in Shanghai. China began to promote car ownership and has since cut sales taxes, encouraged construction of parking areas, banned bicycles on some streets and laid thousands of miles of highways. National Geographic Image Collection.
Page A7: "People want to have a car that shows off their status in society... Fuel economy is probably the last thing Chinese look for." Business folks want status with material things such as house and car. However,ordinary Chinese cannot afford to buy cars with their limited income. My comment: Happiness is not material consumpton over desire but we need intellectual pursuits,spiritual satisfaction and good health. I repeat my thoughts for readers to ponder and reflect my philosophy of life in the mundane world.
On the same page A7:To encourage the Chinese to go green, GM,which has ranked first for passenger car sales in China in each of the past three years, is preparing to market hybrid vehicles or cars that run on alternative fuels. But a Shanghai business man Zhang bought the Hummer in 2006, on special order from the US. It cost him $220,000, including hefty shipping and import fees. My comment: It is good for American business to sell cars to Chinese who can afford to buy such vehicles.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai but prefers to ride a bike to exercise for health in China during my teaching years(1993-1996) in Beijing. However,I need to drive now in Maryland for shopping and going to the libraries at a distance. July 31, 2008 at 6.32 a.m.
Wednesday, July 30, 2008
Institute to promote US-China relations:Yahoo news-July 29,o8
Henry Kissinger has established an institute to promote closer US-China relations. Cf. Yahoo News Story,July 29, 2008. That is my rationale for many decades. Kissinger was a Consultant and I was a member of the research staff, Dept.of Economics at the RAND Corporation,1964-65. It is gratifying to learn such news as a supporter for proper US-China relations for symbiotic reasoning in the 21st century. Francis Shieh a.k.a. Xie Shihao. July 30, 2008 For my blogs on Sino-American Economics,please search such topic at www.Google.com
Tuesday, July 29, 2008
Food for long life if you believe such tips for YOU.
Green tea, peanuts, almonds, walnuts, cereals with whole grain, Salmon and sardines,spinach,blueberries,apples. The most important recommendation is good Chinese food in a good restaurant or homecooking.
Qigong exercises for workout re fitness and wellness: Improving posture, circulation,agility and blood pressure.
In short,we must maintain superbly optimistic attitude with upbeat and cheer.
The proper mantra would be: I am here for YOU when we relax with friends and family.
Take things easy and wearing a smile with laughter to balance the mood of our physical body.
Folks would admire us for what we are, not what we have our material things.
Francis Shieh a.k.a. Xie Shihao, a student of decent living on Tuesday,July 29, 2008 at 6.50 p.m.
Qigong exercises for workout re fitness and wellness: Improving posture, circulation,agility and blood pressure.
In short,we must maintain superbly optimistic attitude with upbeat and cheer.
The proper mantra would be: I am here for YOU when we relax with friends and family.
Take things easy and wearing a smile with laughter to balance the mood of our physical body.
Folks would admire us for what we are, not what we have our material things.
Francis Shieh a.k.a. Xie Shihao, a student of decent living on Tuesday,July 29, 2008 at 6.50 p.m.
Interesting info about China from media.7/29/08
Washington Times July 29, 2008 page A24: China's foreign exchange reserve total 1.8 trillion. IMF expects another half trillion in 2009. About 3/4 of $1.8 trillion is said to be in US Dollars. The relationship of USA and China is bound to be SYMBIOTIC for mutual benefits in the 21st century as I have sent my past blogs with the same rationale.
Wall Street Journal: 7/29/08 page A9: Seven years after joining the WTO, China, by dollars, the largest exporter on earth with $1,200 billions. Source: Global trade Info Services.
Page A14: Beijing considers new curbs as pollution persists. NYT page A6: Blue Skies prove hard to achieve.
Page B9: Athletes' parents get chance to be stars. The Ad for dairy producer Satine has Chinese characters of "Jin Dian" in Pin Yin system of romanization. Companies are hoping to capitalize on China's reverence of family in Chinese characters.
NYT page C1: White House predicts Bush will leave $482 billion deficit. WashTimes: Bush successor faces massive debt.
Page C2: Chen Deming with his photo in Geneva,Minister of Commerce studied at Harvard in 2004. I met him when he was mayor of Suzhou in 1999 as I was teaching at Suzhou University. I remember talking Wu dialect with him as a native of Shanghai. That was nine years ago!
Francis Shieh a.k.a. Xie Shihao,a blogger to keep readers posted about US-China relations in economics. July 29, 2008 at 2.06 p.m.
Wall Street Journal: 7/29/08 page A9: Seven years after joining the WTO, China, by dollars, the largest exporter on earth with $1,200 billions. Source: Global trade Info Services.
Page A14: Beijing considers new curbs as pollution persists. NYT page A6: Blue Skies prove hard to achieve.
Page B9: Athletes' parents get chance to be stars. The Ad for dairy producer Satine has Chinese characters of "Jin Dian" in Pin Yin system of romanization. Companies are hoping to capitalize on China's reverence of family in Chinese characters.
NYT page C1: White House predicts Bush will leave $482 billion deficit. WashTimes: Bush successor faces massive debt.
Page C2: Chen Deming with his photo in Geneva,Minister of Commerce studied at Harvard in 2004. I met him when he was mayor of Suzhou in 1999 as I was teaching at Suzhou University. I remember talking Wu dialect with him as a native of Shanghai. That was nine years ago!
Francis Shieh a.k.a. Xie Shihao,a blogger to keep readers posted about US-China relations in economics. July 29, 2008 at 2.06 p.m.
Looking to Beijing with pride: WashPost,July29,08
On page B1,B8: Chinese Americans find cultural connection in games. Through the Olympics, parents can say to the kids,'See,where i'm from is not that old fashioned or out of date. We can do great things like hosting the Olympics. The Olympics is your thing, but we're hosting them.' It is a way to bring the first and second generation together. The heritage would be the same apropos of international sports competition. There are Chinese characters to arouse the interest of the readers on page B8. Chinese language is an art re caligraphy and a form of music in reference to tones in Mandarin. In this connection, "A Glimpse of the Chinese Language" would be a useful reference to bridge the gap of cultural difference. Cf. www.rand.org and www.Amazon.com online book catalog for reference. in light of the Olympic expressions i.e. one dream,one world with one homosapiens. The dreams may be prescient of good will and peace toward humanity in terms of globalization.
Francis Shieh a.k.a. Xie Shihao, the first generation arrived in USA in 1947 of the 20th century.
Francis Shieh a.k.a. Xie Shihao, the first generation arrived in USA in 1947 of the 20th century.
Pew Research Center on China and Confucianism
The Way They See It Q: Are you satisfied with the way things are going in China? 86% satisfied. More than 8 in 10 Chinese think China is heading in the right direction...Making them more content than any other population surveyed.
But many Chinese are not fully satisfied with their income,job or family life- 54%,60% and 67% respectively. Most Chinese believe that their economy is giving other countries a lift: Positive 55%. Almost 80% think that China is popular around the world... Based on survey released in December 2007. The above data are published by the Washington Post July 27, 2008. I have reason to believe that positive scenario may be noted during the Olympic Games as the world watches China's achievement in sports. On page B5 Jonathan Spence believes that Confucianism is now leading the nation to national pride as expounded by the Chinese philosophers, educators and scholars. The influence of Confucius and Mencius can be felt in Korea,Japan,Vietnam and ethnic Chinese in every nook and corner on earth. I fully endorse such views as a lifelong disciple of Confucianism since the days in China from late 1930s and 1940s in my schooling from the original Chinese classics with a university degree in Shanghai (1946). FYI: Yale Professor Spence may be searched online at www.Google.com for his brilliant intellectual portrait of China in the 21st century with his insightful vision.
Francis Shieh a.k.a. Xie Shihao, a lifelong graduate student of philosophy,languages and economics. July 29, 2008 at 6.12 a.m.
But many Chinese are not fully satisfied with their income,job or family life- 54%,60% and 67% respectively. Most Chinese believe that their economy is giving other countries a lift: Positive 55%. Almost 80% think that China is popular around the world... Based on survey released in December 2007. The above data are published by the Washington Post July 27, 2008. I have reason to believe that positive scenario may be noted during the Olympic Games as the world watches China's achievement in sports. On page B5 Jonathan Spence believes that Confucianism is now leading the nation to national pride as expounded by the Chinese philosophers, educators and scholars. The influence of Confucius and Mencius can be felt in Korea,Japan,Vietnam and ethnic Chinese in every nook and corner on earth. I fully endorse such views as a lifelong disciple of Confucianism since the days in China from late 1930s and 1940s in my schooling from the original Chinese classics with a university degree in Shanghai (1946). FYI: Yale Professor Spence may be searched online at www.Google.com for his brilliant intellectual portrait of China in the 21st century with his insightful vision.
Francis Shieh a.k.a. Xie Shihao, a lifelong graduate student of philosophy,languages and economics. July 29, 2008 at 6.12 a.m.
Monday, July 28, 2008
The FED has extended financing to non-banks
For the first timie since the Great Depression, the Federal Reserve has extended financing to non-banks - specifically, primary dealers such as securities broker-dealers - as part of its ongoing attempt to inject liquidity into the struggling credit markets. The Primary Dealer Credit Facility(PDCF) established in March, allows the Federal Reserve Bank of New York to provide overnight cash reserves to primay dealers in exchange for a broad range of collateral. The new credit facilty aims to help primary dealers in providing financing to participants in capital markets and to promote an overall orderly functioning of the markets. The PDCF will remain in effect for 6 months and may be extended if the Fed deems it necessary.
Francis Shieh a.k.a. Xie Shihao, a watcher of economic happenings for learning the deals. July 28, 2008
Francis Shieh a.k.a. Xie Shihao, a watcher of economic happenings for learning the deals. July 28, 2008
Sunday, July 27, 2008
"I have developed into a person of greater faith."
Chris Carter's character development is integral to "The X-files: I want to believe.
A combo, and a number of years ago I would have called myself a natural skeptic. Now I have to say I have developed into a person of greater faith through the years.... That it is all not for naught. That there is meaning." He expressed such to be published at the Washington Post, July 27, 2008 on page M2.
My comment: We are beholden to the Creator and we must have faith to believe! Even though we maybe charismatic and quick-witted but humility should be our attractive quality. We must endure things in life and put our sharp intellectual clout to the task of straightening out any unhealthy situation in life.
Francis Shieh a.k.a. Xie Shihao on Sunday,July 27,2008.
A combo, and a number of years ago I would have called myself a natural skeptic. Now I have to say I have developed into a person of greater faith through the years.... That it is all not for naught. That there is meaning." He expressed such to be published at the Washington Post, July 27, 2008 on page M2.
My comment: We are beholden to the Creator and we must have faith to believe! Even though we maybe charismatic and quick-witted but humility should be our attractive quality. We must endure things in life and put our sharp intellectual clout to the task of straightening out any unhealthy situation in life.
Francis Shieh a.k.a. Xie Shihao on Sunday,July 27,2008.
Healthy Food(continued) parade.com
Pizza: Pizza has ingredient such as tomato sauce which is rich in lycopene, a powerful antioxidant. Lycopene may have a range of benefits, including reducing the risk of cancer and lowering cholesterol and blood pressure. Adding veggie for pizza further improves its health benefits.
Eggs also are a great source of protein as known to all.
Fish: Eating fish may cut your risk of heart attack, stroke and sudden cardiovascular death. Fish are rich in omega-3 fatty acids, which may reduce the risk of diabetes, Alzheimer's disease, and inflammation. Small yellow fish from China are good too. In general, canned chunk light tuna- lower in such contaminants as mercury than albacore or sushi tuna.
Francis Shieh a.k.a. Xie Shihao. July 27, 2008.
Eggs also are a great source of protein as known to all.
Fish: Eating fish may cut your risk of heart attack, stroke and sudden cardiovascular death. Fish are rich in omega-3 fatty acids, which may reduce the risk of diabetes, Alzheimer's disease, and inflammation. Small yellow fish from China are good too. In general, canned chunk light tuna- lower in such contaminants as mercury than albacore or sushi tuna.
Francis Shieh a.k.a. Xie Shihao. July 27, 2008.
Foods to keep you healthy: Please read for good health
July 27, 2008 Parade.com page 8 :-
Coffee: Among its remarkable benefits, new research shows, coffee may reduce the risk of diabetes, heart attack, gallstones,Parkingson's disease,kidney stones, and cirrhosis. One caveat is that black coffee may lead to thinner bones, especially in women, but the simple solution is to add milk to your coffee.
Chocolate: Dark chocolate, which contains at least 70% cocoa, has proven health benefits. It contains less sugar than white or milk chocolate and is a rich source of health promoting compounds such as polyphenols and flavonoid antioxidants (similar to those found in green tea). A small intake of dark chocolate may reduce the risk of the blood clots that cause heart attack or stroke and may lower blood pressure. Chocolate also can lift your mood and give you a boost of energy. Moderation - no more than 2 and half ounces a day,please.
Coffee: Among its remarkable benefits, new research shows, coffee may reduce the risk of diabetes, heart attack, gallstones,Parkingson's disease,kidney stones, and cirrhosis. One caveat is that black coffee may lead to thinner bones, especially in women, but the simple solution is to add milk to your coffee.
Chocolate: Dark chocolate, which contains at least 70% cocoa, has proven health benefits. It contains less sugar than white or milk chocolate and is a rich source of health promoting compounds such as polyphenols and flavonoid antioxidants (similar to those found in green tea). A small intake of dark chocolate may reduce the risk of the blood clots that cause heart attack or stroke and may lower blood pressure. Chocolate also can lift your mood and give you a boost of energy. Moderation - no more than 2 and half ounces a day,please.
Saturday, July 26, 2008
Sequel to "NUDGE" by the Director,Center for decision,Grad School of Business,Columbia U.
We often choose poorly. The reason is that, being human, we all are susceptible to various biases that can lead us to blunder. Our mistakes make us poorer and less healthy; we often make bad decisions involving education, personal finance, health care and credit cards. American society is simply too diverse, individuals are simply too creative,circumstances change too rapidly, and government is simply too fallible. Many sensible Republicans know that even with free market,government intervention cannot be avoided. To countless ordinary people, the debates seem increasingly tired, abstracrt and unhelpful- pointless sloganeering. Many sensible Democrats are fully aware that mandates can be ineffective and even counter poroductive. The sheer complexity of modern life, and the astounding pace of technological and global change undermine arguments for rigid mandates or for dogmatic laissez-faire. Emerging developments should strengthen the principled commitment to the people in the USA and "yirenweiben" in China apropos of the mix of public and private sectors clearly evident with ongoing events in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Saturday,July 26, 2008 at 12.35 p.m.
Francis Shieh a.k.a. Xie Shihao on Saturday,July 26, 2008 at 12.35 p.m.
Richard Thaler published NUDGE: Yale Univ. $26
NUDGE: Improving decisions about health,wealth, and happiness 293 pp.
Leonard Mlodinow earned a PhD in Physics from Berkeley, wrote for "MacGyer" and "Star Trek."
Nudge is a policy-oriented book,thanks to the imprimatur of Sen. Barack Obama. The authors want to steer people to make better choices. My comment: Economics is a science of change and choice. Students in economics learn how to maxmize and optimize in all situtions!
Richard Thaler is a pioneer of behavioral economics and Cass Sunstein,the coauthor,a noted law professor. Numerous studies show how far short humans fall from the ideal of homo economicus. Inertia, herd behavior, ignorance of odds, and egotism conspire to cause people to make bad decisions and poor predictions.
I would recommend my own Happiness Equation: Material Consumption+Intellectual pursuits+Spiritual Satisfaction+Good Health as the elements of numerator over Desire as the Denominator.
Francis Shieh a.k.a. Xie Shihao,a devoted student of behavioral economics to try to understand the headlines of happenings to be derived from the decisions of our leaders as we witness the consequences of priorities i.e. domestic and international focus, war or peace for the wellbeing of humanity. July 26,2008 at 6 a.m.
Leonard Mlodinow earned a PhD in Physics from Berkeley, wrote for "MacGyer" and "Star Trek."
Nudge is a policy-oriented book,thanks to the imprimatur of Sen. Barack Obama. The authors want to steer people to make better choices. My comment: Economics is a science of change and choice. Students in economics learn how to maxmize and optimize in all situtions!
Richard Thaler is a pioneer of behavioral economics and Cass Sunstein,the coauthor,a noted law professor. Numerous studies show how far short humans fall from the ideal of homo economicus. Inertia, herd behavior, ignorance of odds, and egotism conspire to cause people to make bad decisions and poor predictions.
I would recommend my own Happiness Equation: Material Consumption+Intellectual pursuits+Spiritual Satisfaction+Good Health as the elements of numerator over Desire as the Denominator.
Francis Shieh a.k.a. Xie Shihao,a devoted student of behavioral economics to try to understand the headlines of happenings to be derived from the decisions of our leaders as we witness the consequences of priorities i.e. domestic and international focus, war or peace for the wellbeing of humanity. July 26,2008 at 6 a.m.
Friday, July 25, 2008
Farmers Insurance and other items of interest
Farmers offered to match donations made by Farmers employees, agents and district managers, their friends and families up to $100,000 to help those affected by the 7.9 magnitude earthquake. Mercy Corps and the Red Cross Society of China were selected to receive donations. After I read such news,I remember the following:
I did statistical work at Farmers from Nov. 1951 to December 1952 before accepting a teaching offer to the Army Language School,Monterey, California. Time goes like an e-mail. It is 2008 now, more than half a century ago as my own personal history.
First group of Chinese tourists arrived in US under new pact. According to the Department of Commerce, Chinese travelers spend about $6,000 per visit to the US,more than any other foreign tourists. It is a boost to US economy.
The Bush administration plans to prop up Fannie Mae and Freddie Mac. It is likely to cost taxpayers less than $25 billion. A further collapse in the housing market would require an infusion of $100 billion oor more according to Chief Budget Analyst. Washington Post published on July 23, 2008 on page D1.
Francis Shieh a.k.a. Xie Shihao on Friday,July 25, 2008 at 3.50 p.m.
I did statistical work at Farmers from Nov. 1951 to December 1952 before accepting a teaching offer to the Army Language School,Monterey, California. Time goes like an e-mail. It is 2008 now, more than half a century ago as my own personal history.
First group of Chinese tourists arrived in US under new pact. According to the Department of Commerce, Chinese travelers spend about $6,000 per visit to the US,more than any other foreign tourists. It is a boost to US economy.
The Bush administration plans to prop up Fannie Mae and Freddie Mac. It is likely to cost taxpayers less than $25 billion. A further collapse in the housing market would require an infusion of $100 billion oor more according to Chief Budget Analyst. Washington Post published on July 23, 2008 on page D1.
Francis Shieh a.k.a. Xie Shihao on Friday,July 25, 2008 at 3.50 p.m.
Wall Street Journal and New York Times,July 25, 08
Page A7 of WSJ: Shanghai cited as intended target from terrorists during the Games: Shanghai's deputy director of public security said police consider Shanghai's main venue safe but noted that police remain on alert.
Page A9: On China Farms,push for consolidatiion is growing: Trend could help slow the increase in prices for food.
Page A19: Former Treasury Secretary Lawrence Summers writing on Fannie Mae at creativecapitalism.typepad.com - My comment: Superb writing deserving thorough reading. I would recommend it highly.
New York Times: Page A9: Online Fitness Fad: Erotic Domain - a video report on the popularity of a peculiar type of aerobic exercise in China. nytimes.com/world. Worth reading the details to keep up with the happenings in China.
Francis Shieh a.k.a. Xie Shihao on Friday,July 25, 2008 at 12 noon
Page A9: On China Farms,push for consolidatiion is growing: Trend could help slow the increase in prices for food.
Page A19: Former Treasury Secretary Lawrence Summers writing on Fannie Mae at creativecapitalism.typepad.com - My comment: Superb writing deserving thorough reading. I would recommend it highly.
New York Times: Page A9: Online Fitness Fad: Erotic Domain - a video report on the popularity of a peculiar type of aerobic exercise in China. nytimes.com/world. Worth reading the details to keep up with the happenings in China.
Francis Shieh a.k.a. Xie Shihao on Friday,July 25, 2008 at 12 noon
China set to protect Olympics from terrorists et al
Washington Post,July 25, 2008 page A16: China's Public Security Minister told paramilitary police at a pre-Olympic rally that they must resolutely prevent terrorist attacks during August for Olympic Games.
Page D3: With troubled loans, aggressiveness proves effective as per Steven Pearlstein, the columnist of the Washington Post.
Page E1: Countdown to Beijing: Hardy's positive test rocks swimming at the Olympic trials.
WashPost,July 24,08 page A3: Democrats ask Labor Department to forgo secret rule: -
"For nearly 8 years, Bush administration has consistently failed to respond in a meaningful way to the real health and safety threats workers face while on the job." Rep. Miller of California said and published to that effect. He speaks his mind with the truth and gives no consideration to subtle, diplomatic and discreet manner.
Page D3: With troubled loans, aggressiveness proves effective as per Steven Pearlstein, the columnist of the Washington Post.
Page E1: Countdown to Beijing: Hardy's positive test rocks swimming at the Olympic trials.
WashPost,July 24,08 page A3: Democrats ask Labor Department to forgo secret rule: -
"For nearly 8 years, Bush administration has consistently failed to respond in a meaningful way to the real health and safety threats workers face while on the job." Rep. Miller of California said and published to that effect. He speaks his mind with the truth and gives no consideration to subtle, diplomatic and discreet manner.
Farm subsidy: Concern for USA and China
US took the first bold step of crunch time trade talks,slicing $1.4 billion from a previous offer to limit contentious, trade-distorting subsidies to American farmers. US Trade Representative told news conference that Washington was prepared to rewrite elements of its passed farm bill to ensure that US subsidies deemed to unfairly enhance the competitiveness of American farmers are limited to $15 billion annually. WashPost published on July 23, 2008 on page D6.
CCTV-4 reported that Chinese leaders are paying special attention to farmers for their living conditions with subsidies to improve their standard of living.
Both nations are concerned about farmers but China's farmers occupy a significant portion of the population. There is a difference as I would envision. Your comments are invited.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics in USA and in China for comparisons. July 25,2008
CCTV-4 reported that Chinese leaders are paying special attention to farmers for their living conditions with subsidies to improve their standard of living.
Both nations are concerned about farmers but China's farmers occupy a significant portion of the population. There is a difference as I would envision. Your comments are invited.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics in USA and in China for comparisons. July 25,2008
Thursday, July 24, 2008
The 7-foot-6 vessel of China's Hopes:Yao Ming et al
Image Ambassador: A 6-year veteran of the NBA. Yao is a towering global commodity. The star NBA center will play for China in the Olympics. Washington Post,July 24,2008 page A1. Yao is seen as personification of China's spirit. China is full of spirits.
About one year ago,James Pethokoukis wrote: "US and Chinese economies depend on each other. China's central bank hold $400 billion in US Treasury bills, bonds and notes. China has helped keep US interest rates low and enabled consumers to keep spending despite the deflating housing bubble." Thomas Barnett wrote: China is America's natural ally in extending globalization's reach. Cf. USNWR,Aukgust 6,2007 issue. Reflections of Sino-American economics in the spotlight!
July 24,2008: Hitting high notes with China trip: Director of Oxon Hill High school band savors cultural learning. My comment: It is high time for Americans to learn the Chinese language- "A Glimpse of the Chinese Language" is listed at www.rand.org and www.Amazon.com online book catalog for cultural understanding.
Francis Shieh a.k.a. Xie Shihao is watching US-China relations are moving in the proper positive direction as a lifelong student since 1940s. July 24,2008.
About one year ago,James Pethokoukis wrote: "US and Chinese economies depend on each other. China's central bank hold $400 billion in US Treasury bills, bonds and notes. China has helped keep US interest rates low and enabled consumers to keep spending despite the deflating housing bubble." Thomas Barnett wrote: China is America's natural ally in extending globalization's reach. Cf. USNWR,Aukgust 6,2007 issue. Reflections of Sino-American economics in the spotlight!
July 24,2008: Hitting high notes with China trip: Director of Oxon Hill High school band savors cultural learning. My comment: It is high time for Americans to learn the Chinese language- "A Glimpse of the Chinese Language" is listed at www.rand.org and www.Amazon.com online book catalog for cultural understanding.
Francis Shieh a.k.a. Xie Shihao is watching US-China relations are moving in the proper positive direction as a lifelong student since 1940s. July 24,2008.
Wall Street Journal, July 24, 2008 et al with comments
Page A3: USDA expects higher food prices. The Public sector has no control in the private sector. In China,the public sector tries to manage the private sector.
Page A16: Housing bill will extend Federal role in markets. Here is the mix of public and private sectors in USA. Such mixed systems are existing without labels of political systems. Political leaders need lessons in economics.
Page A14: " The Chinese people would deem a boycott of the Olympics by the US a personal insult." Political leaders must take note for such Chinese culture in the 21st century.
"How can the same people criticize the pressident's attendance at the Olympics, and yet be sanguine about Nancy Pelosi lending prestige to the bloody regime of Syria with a personal visit? There seems to be a lack of consistency when Obama to make personal trips that will enhance the prestige of Mahmond Ahmadinejad and Hugo Chavez?" William Stephenson of Princeton, New Jersey wrote such letter to the Editor of WAJ.
Francis Shieh a.k.a. an independent student to study economics,philosphy plus English and Chinese language with Wu dialect for practical usage in 2010 for Shanghai Expo. Shanghai folks know Mandarin and Mandarin speaking folks seldom know Shanghai(Wu) dialect as a rule of thumb in general. July 24, 2008.
Page A16: Housing bill will extend Federal role in markets. Here is the mix of public and private sectors in USA. Such mixed systems are existing without labels of political systems. Political leaders need lessons in economics.
Page A14: " The Chinese people would deem a boycott of the Olympics by the US a personal insult." Political leaders must take note for such Chinese culture in the 21st century.
"How can the same people criticize the pressident's attendance at the Olympics, and yet be sanguine about Nancy Pelosi lending prestige to the bloody regime of Syria with a personal visit? There seems to be a lack of consistency when Obama to make personal trips that will enhance the prestige of Mahmond Ahmadinejad and Hugo Chavez?" William Stephenson of Princeton, New Jersey wrote such letter to the Editor of WAJ.
Francis Shieh a.k.a. an independent student to study economics,philosphy plus English and Chinese language with Wu dialect for practical usage in 2010 for Shanghai Expo. Shanghai folks know Mandarin and Mandarin speaking folks seldom know Shanghai(Wu) dialect as a rule of thumb in general. July 24, 2008.
US Delegation to China:WashPost,July 24,2008
Michelle Kwan will be among seven members of the presidential delegation to the Closing Ceremonies of the Olympics in Beijing.
President Bush announced the deletgation, to be headed by Secretary of State Rice. The president also listed Kwan, a two-time figure skating medalist at the Winter Olympics. Kwan, who has Chinese ancestry has made several trips to China in an unofficial diplomatic role, often accompanying Rice.
Francis Shieh a.k.a. Xie Shihao shall watch TV to enjoy such event vicariously in Shanghai during the Olympics. July 24, 2008
President Bush announced the deletgation, to be headed by Secretary of State Rice. The president also listed Kwan, a two-time figure skating medalist at the Winter Olympics. Kwan, who has Chinese ancestry has made several trips to China in an unofficial diplomatic role, often accompanying Rice.
Francis Shieh a.k.a. Xie Shihao shall watch TV to enjoy such event vicariously in Shanghai during the Olympics. July 24, 2008
Tea or Coffee? Others items of interest to readers
In spite of economic downturn,the burgeoning coffee or tea reflects the trend of the need of drinks in USA and in China. It seems to be related with the daily routine of our lives. Any intellectual exploration would lead us to understand that our heart is pure and try to tolerate the folks on earth. There is a link between material things and spiritual grace. We may have both,money and soul if we have the marketable skill. Ideas motivate us to march on everyday! Life is worth living.
Music is universal as redumptive clout. Nathaniel Ayers and Yo-yo MA were classmates at Julliard in the 1970s. Prof. Daniel Levitin wrote a review on "The Soloist" published by Book World on Sunday, July 20, 2008. Evidence of bi-cultural interests.
Brent Scowcroft,former adviser to George HW Bush pointed out that the Chinese were decisive because China has enormous economic leverage over North Korea. But China does not have influence over Iran. WashPost published his view on July 23rd on page A11. On page A15: The losses on subprime mortgages, the collateral damage to financial markets and the sharp rise of food prices are bad economic news,indeed! Economist Nouriel Roubini of NYU believes additional losses at banks and investment banks are being disguised by lax acccounting practices. Things might get worse. Such are the concerns of Americans and Chinese alike.
Francis Shieh a.k.a. Xie Shihao on Thursday,July 24, 2008
Music is universal as redumptive clout. Nathaniel Ayers and Yo-yo MA were classmates at Julliard in the 1970s. Prof. Daniel Levitin wrote a review on "The Soloist" published by Book World on Sunday, July 20, 2008. Evidence of bi-cultural interests.
Brent Scowcroft,former adviser to George HW Bush pointed out that the Chinese were decisive because China has enormous economic leverage over North Korea. But China does not have influence over Iran. WashPost published his view on July 23rd on page A11. On page A15: The losses on subprime mortgages, the collateral damage to financial markets and the sharp rise of food prices are bad economic news,indeed! Economist Nouriel Roubini of NYU believes additional losses at banks and investment banks are being disguised by lax acccounting practices. Things might get worse. Such are the concerns of Americans and Chinese alike.
Francis Shieh a.k.a. Xie Shihao on Thursday,July 24, 2008
Tuesday, July 22, 2008
Students share the same concern. B of A and CCB
Some students have lost sight of the main reason to devote time to academics and extracurricular activities which is to gain a good, well-rounded education. Others may try to attend prestigious universities but may be on the verge of nervous breakdown. It appears to resemble a peacock among wrens as singing birds. But such fascination draws students into vibrant world instead of the real world.
Bank of America has a stake of 10% with China Construction Bank. Bank of America's second quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations. Revenue grew 3.5% to $20.32 billion. The nation's second largest bank said losses in its struggling mortgage operations were offset by gains to other parts of the company. With such results, four of the nation's five biggest banks have now reported better than expected earnings. Treasury Secretary Henry Paulson sought to reassure the public Sunday that the banking system is sound, while also preparing people for more troubled times ahead.
Here is another evidence of Sino-American economics.
Francis Shieh a.k.a. Xie Shihao. July 22, 2008
Bank of America has a stake of 10% with China Construction Bank. Bank of America's second quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations. Revenue grew 3.5% to $20.32 billion. The nation's second largest bank said losses in its struggling mortgage operations were offset by gains to other parts of the company. With such results, four of the nation's five biggest banks have now reported better than expected earnings. Treasury Secretary Henry Paulson sought to reassure the public Sunday that the banking system is sound, while also preparing people for more troubled times ahead.
Here is another evidence of Sino-American economics.
Francis Shieh a.k.a. Xie Shihao. July 22, 2008
How long can gold shine?
WashPost,July 20, 2008 page F2: Excessive money is flowing into gold especially in Asia or China in particular. There is intrinsic value in gold,silver and copper.
Eat and wearing gold and be merry to celebrate Olympic Games in China: Beijing Subway lines ready for Olympic rush - The three new lines, which cost $3.3 billion to build and are part of massive infrastructure plans to ease transportation during the Games. Leading to the heart and the mind in coming together beautifully!!! Our positive thought overrides financial considerations in USA. We may be whirling around fabulous ideas with intellectual joy plus spirituality for enjoyment. Our thoughts are in a whirl for fun. That is the proper scenario for living in the 21st century. You better believe it!
Francis Shieh a.k.a. Xie Shihao with a mind to be free with delight in every respect. What a beautiful morning and what a beautiful day when everything goes our way! Reflection of such humming sound in 1960s at Los Angeles, California. July 22, 2008 at 6.32 a.m. in Maryland,USA.
Eat and wearing gold and be merry to celebrate Olympic Games in China: Beijing Subway lines ready for Olympic rush - The three new lines, which cost $3.3 billion to build and are part of massive infrastructure plans to ease transportation during the Games. Leading to the heart and the mind in coming together beautifully!!! Our positive thought overrides financial considerations in USA. We may be whirling around fabulous ideas with intellectual joy plus spirituality for enjoyment. Our thoughts are in a whirl for fun. That is the proper scenario for living in the 21st century. You better believe it!
Francis Shieh a.k.a. Xie Shihao with a mind to be free with delight in every respect. What a beautiful morning and what a beautiful day when everything goes our way! Reflection of such humming sound in 1960s at Los Angeles, California. July 22, 2008 at 6.32 a.m. in Maryland,USA.
Monday, July 21, 2008
Economics with confidence as our faith
WashPost,July 21, 2008 page B1 with photo: Gas prices are too high for a day trip to Dewey Beach. This is not how young folks imagined life with driver's license at age 18. As the nation's unprecedented jump in gas prices takes a toll across the region, many teenagers say they are feeling the pinch.
My comment: In China,very few teenagers have cars but they ride bikes for transportation with the benefit for exercise plus good health.
That is the difference in lifestyle and culture apropos of economics.
WashPost,July 20, 2008 page B2: A priest professor walks into Qatar and lead the students through a version of Georgetown's traditional theology course. I still remember epistemology,cosmology and ontology in 1940s. Young folks understand what it is to live one's life with a commitment rooted in faith. Folks tell students that they should take more economics courses. My comment: There can be a common ground in economics and faith. Economics may be based on faith since financial stability is in doubt and we should have faith in our nation with confidence especially Sino-American economics of cooperation and collaboration for mutual benefit in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Monday,July 21, 2008 at 9.18 p.m.
My comment: In China,very few teenagers have cars but they ride bikes for transportation with the benefit for exercise plus good health.
That is the difference in lifestyle and culture apropos of economics.
WashPost,July 20, 2008 page B2: A priest professor walks into Qatar and lead the students through a version of Georgetown's traditional theology course. I still remember epistemology,cosmology and ontology in 1940s. Young folks understand what it is to live one's life with a commitment rooted in faith. Folks tell students that they should take more economics courses. My comment: There can be a common ground in economics and faith. Economics may be based on faith since financial stability is in doubt and we should have faith in our nation with confidence especially Sino-American economics of cooperation and collaboration for mutual benefit in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Monday,July 21, 2008 at 9.18 p.m.
Paulson reassures on banks,warns of more tough times
WashPost,July 21, 2008 page A16:
"The three big issues are:
1. The housing correction, which is at the heart of the slowdown.
2. Turmoil of the capital markets.
3. High oil prices, which are going to prolong the slowdown.
Our first priority is the stability of the capital markets, the stability of the system. These institutions have investors all around the world.
My comment: Globalization of economics is in evidence here for certainty.
Francis Shieh a.k.a. Xie Shihao, a watcher of global economics in action. July 21, 2008
"The three big issues are:
1. The housing correction, which is at the heart of the slowdown.
2. Turmoil of the capital markets.
3. High oil prices, which are going to prolong the slowdown.
Our first priority is the stability of the capital markets, the stability of the system. These institutions have investors all around the world.
My comment: Globalization of economics is in evidence here for certainty.
Francis Shieh a.k.a. Xie Shihao, a watcher of global economics in action. July 21, 2008
Sunday, July 20, 2008
The Mini Page: WashPost,July 20,2008 et al
The XXIX (29th) Olympic Games will begin soon in Beijing, China. I remember my teaching years from 1993-1996 in Beijing. The Games will run from August 8 to 24th and I expect to be in Shanghai from August 7th to August 24th. There are rhythmic gymnastics and trampoline. Rhythmic gymnastics became an Olympic sport at the 1984 Los Angeles Games. I taught in Hollywood,L.A. from 1958-1961. The first modern trampoline was invented in the 1930s in a garage in Iowa. My works entitled "Keys for Economic Understanding" and "Keys to Economic Understanding" were published in Dubuque,Iowa.
Meet Jack Black: The voice of Po in the movie "Kung Fu Panda" Should be "Gongfu" in Pin Yin system of romanization. Jack was born in Santa Monica,California in 1970. I was at the RAND Corporation from 1960-61 and 1964-65 with the publication of my paper entitled "A Glimpse of the Chinese Language" (1965) www.rand.org and www.Amazon.com online book catalog for reference.
My reminiscence ends here with reflections in the past decades.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics,philosophy,English and Chinese language with focus on Mandarin and Wu dialect(Shanghai)my native city. July 20, 2008
Meet Jack Black: The voice of Po in the movie "Kung Fu Panda" Should be "Gongfu" in Pin Yin system of romanization. Jack was born in Santa Monica,California in 1970. I was at the RAND Corporation from 1960-61 and 1964-65 with the publication of my paper entitled "A Glimpse of the Chinese Language" (1965) www.rand.org and www.Amazon.com online book catalog for reference.
My reminiscence ends here with reflections in the past decades.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics,philosophy,English and Chinese language with focus on Mandarin and Wu dialect(Shanghai)my native city. July 20, 2008
China: A Love Story by Simon Winchester
WashPost,Parade magazine,July 20, 2008 on pp.8,10,11 : "The nation is waking up from centuries of slumber, and many of us are trembling: I have in particular admired the ability of the people to persevere in the face of adversity." Photo: Bright lights in the big city of Shanghai. The author on the Great Wall. Laura who showed him a new China. The New Chinese want to be part of the future. Simon Winchester is the author of 21 books, including the best-telling "The Professor and the Madman." His latest book is "The Man Who Loved China." Visit at PARADE.COM
Foreigners love China,should Chinese love China,our native land? The question is left to the readers to think,ponder and reflect the international status of China in anticipation of upcoming Olympics: Beijing 2006 and Shanghai Expo 2010. I have reason to believe that China has a promising future because of the people with the good leadership. China has joined international community to make contributions.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai,China to USA in 1947 but lectured in China many times as an educator in economics to compare economic systems of USA and China with avid learning zeal of the English and Chinese languages plus the philosophy of life to be applied to Americans and Chinese in the 21st century for common interest in goodwill. July 20, 2008 at 6.45 a.m.
Foreigners love China,should Chinese love China,our native land? The question is left to the readers to think,ponder and reflect the international status of China in anticipation of upcoming Olympics: Beijing 2006 and Shanghai Expo 2010. I have reason to believe that China has a promising future because of the people with the good leadership. China has joined international community to make contributions.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai,China to USA in 1947 but lectured in China many times as an educator in economics to compare economic systems of USA and China with avid learning zeal of the English and Chinese languages plus the philosophy of life to be applied to Americans and Chinese in the 21st century for common interest in goodwill. July 20, 2008 at 6.45 a.m.
Saturday, July 19, 2008
GM to sell China-Made Minivans in Peru with thoughts
Washpost,July 18, 2008 page D7: General Motors said one of its Chinese joint ventures has begun exporting Chevrolet minivans to Peru, adding to global automakers' small but growing vehicle exports from China. The Chevrolet N200 minivans are made by SAIC-GM-Wuling and will be sold through Chevrolet's dealer network in Peru. A handful of global automakers export vehiclaes from China. Most production in the country is aimed at the fast growing Chinese market.
Steven Pearlstein wrote: There is plenty of bad news ahead as we learned from those bubbles at Merrill Lynch($4.65 billiion loss in 2nd quarter). In economics as on the Shakespearean stage,the only thing more dangerous than assuming the best is for everyone to assume the worst. My comment: Assumptions are assumptions from the mindset. That varies with individuals,indeed! Capital One,the Credit Card giant cites rise in defaults: Profit plunges 40% for the McLean financial giant.
Robert Louis Stevenson said: "Keep your fears to yourself, but share your courage with others." I also remember the expression: The world is full of a number of things that we should always be as happy as kings. But the Kingdom is NOT in the mundane world. It is a big world and our awareness of it explodes into new territory with fascinating new avenues to come. Some say cold air weakens your immune system but others say it is the constant contrast: hot,cold,hot,cold. Such cyclical realities may be applicable to life with sweet and sour days for varieties and changes of taste. Hehehahahoho all the way and we shall live to be centenarians. Amen!
Francis Shieh a.k.a. Xie Shihao,a lifelong student of philosophy,economics,English and Chinese languages. The more I learn,the more I feel like to learn. To live and to learn would be the making of a learner for life. July 19, 2008
Steven Pearlstein wrote: There is plenty of bad news ahead as we learned from those bubbles at Merrill Lynch($4.65 billiion loss in 2nd quarter). In economics as on the Shakespearean stage,the only thing more dangerous than assuming the best is for everyone to assume the worst. My comment: Assumptions are assumptions from the mindset. That varies with individuals,indeed! Capital One,the Credit Card giant cites rise in defaults: Profit plunges 40% for the McLean financial giant.
Robert Louis Stevenson said: "Keep your fears to yourself, but share your courage with others." I also remember the expression: The world is full of a number of things that we should always be as happy as kings. But the Kingdom is NOT in the mundane world. It is a big world and our awareness of it explodes into new territory with fascinating new avenues to come. Some say cold air weakens your immune system but others say it is the constant contrast: hot,cold,hot,cold. Such cyclical realities may be applicable to life with sweet and sour days for varieties and changes of taste. Hehehahahoho all the way and we shall live to be centenarians. Amen!
Francis Shieh a.k.a. Xie Shihao,a lifelong student of philosophy,economics,English and Chinese languages. The more I learn,the more I feel like to learn. To live and to learn would be the making of a learner for life. July 19, 2008
Old people are happier,my foot:WashPost 7/18/08
Page A16: Dorothy Rich wrote:"Regarding the story - older Americans may be happier than younger ones. I am glad that researchers think that old folks are happier than younger people. After all, old people have their beloved passivity, have come to terms with life aned have few, if any, great expectations. Hogwash! I wold trade any day of my golden years for the excitement and disappointments of life in the teen and young adult years. Pretty soon, researchers may tell us that comatose people are actually happier. NOTE: My equation for Happiness: Material consumption over desire is not adequate but add intellectual pursuits,spiritual satisfaction and good health.Cf. my previous blogs for reference if interested.
My comment: It is a state of the mind. I would recommend the three words of faith,hope and love. Plus UCO as mantra: Upbeat,cheer and optimism. We must enjoy life to strive to be centenarians with mortality in this mundane world plus firm conviction that our souls are immortal. Per omnia secular seculum. Amen. Dominus vobiscum. Sursum Corda!
Francis Shieh a.k.a. Xie Shihao,an octogenarian with background in Confucianism as my lifestyle with philosophical outlook of epistemology, cosmology and ontology.
July 19, 2008 at 6.18 a.m. an early bird to get the fresh air for good health.
My comment: It is a state of the mind. I would recommend the three words of faith,hope and love. Plus UCO as mantra: Upbeat,cheer and optimism. We must enjoy life to strive to be centenarians with mortality in this mundane world plus firm conviction that our souls are immortal. Per omnia secular seculum. Amen. Dominus vobiscum. Sursum Corda!
Francis Shieh a.k.a. Xie Shihao,an octogenarian with background in Confucianism as my lifestyle with philosophical outlook of epistemology, cosmology and ontology.
July 19, 2008 at 6.18 a.m. an early bird to get the fresh air for good health.
Friday, July 18, 2008
New York Times,July 18, 2008 Expressions for thought
Page A9: Pope Benedict XVI warned the world of natural resources being used up by humanity's insatiable consumption and the call for the protection of the environment. I have always advocated simple way of living as a lifelong student to live and to learn as my priority. Consumption is needed for a middle-class lifestyle of living. A learning lifestyle would never be wasteful.
Page A19: Paul Krugman of MIT recommends another stimulus plan for reviving US economy. My comment: Training and retraining folks for a market skill to earn a decent living would be my way to stimulate US economy in the years to come. Francis Shieh a.k.a.Xie Shihao. July 18, 2008
Page A19: Paul Krugman of MIT recommends another stimulus plan for reviving US economy. My comment: Training and retraining folks for a market skill to earn a decent living would be my way to stimulate US economy in the years to come. Francis Shieh a.k.a.Xie Shihao. July 18, 2008
Closer US-China relations in the 21st century
Rick Powell and Casey Eichfeld will represent the US Olympic whitwater slalom team in Beijing. The longtime friends have the perfect relationship for the double canoe.
Wall Street Journal,page A8,July 17, 2008: China is still doing extraordinarily well by the standards of other countries. Its economy has expanded at a rate of 10% every year since 2003. Even with the current global weakness several forecasters think 2008 could end up being another good year. Even 8% growth would not be a problem for China, so the government can work more forcefully to bring down inflation.
Shanghai: WSJ,July 17,08 page C2: Citigroup Debit cards for China: The banking giant, one of the biggest foreign lenders in China, said it has won Chinese regulatory approval to offer debit cards to its local customers.
Plastic is increasingly important for China's banking industry and for its economy, as consumers power an increasingly large share of economic growth.
US Treasury Secretary Paulson had used bilateral talks to press Chinese officials to allow foreign banks to isue cards and Chinese regulators accepted applications from Citigroup to offer yuan-denominated debit cards. I have envisioned such deals apropos of Sino-American economics for mutual benefit.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai,China in 1947 as a watcher of closer US-China economic activities with great interest. July 18, 2008
Wall Street Journal,page A8,July 17, 2008: China is still doing extraordinarily well by the standards of other countries. Its economy has expanded at a rate of 10% every year since 2003. Even with the current global weakness several forecasters think 2008 could end up being another good year. Even 8% growth would not be a problem for China, so the government can work more forcefully to bring down inflation.
Shanghai: WSJ,July 17,08 page C2: Citigroup Debit cards for China: The banking giant, one of the biggest foreign lenders in China, said it has won Chinese regulatory approval to offer debit cards to its local customers.
Plastic is increasingly important for China's banking industry and for its economy, as consumers power an increasingly large share of economic growth.
US Treasury Secretary Paulson had used bilateral talks to press Chinese officials to allow foreign banks to isue cards and Chinese regulators accepted applications from Citigroup to offer yuan-denominated debit cards. I have envisioned such deals apropos of Sino-American economics for mutual benefit.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai,China in 1947 as a watcher of closer US-China economic activities with great interest. July 18, 2008
We,the People and "Yirenweiben" in USA and in China
Economics has been thought with private interest covered with the assumption of self-centered approach. It is my intent to break out such narrow view and would propose a new framwork that is compatible with realities for true value in the name of humanity in USA and in China with the mantra: We,the People...and "Yirenweiben."
The vital concepts of fairness,commitment,human dignity,free will and decent motivation are to be incorporated in contemporary economics with more nobler and humane perspective.
The relationship between the role of the public and private sectors demand new insights for socio-economics of employment and international trade. "Keys for Economic Understanding" is hereby dedicated for training and retraining in light of current state of the economy in USA and in China. Cf.www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics exploring the changing nature of economics in the 21st century with new vision if warranted. July 18, 2008
The vital concepts of fairness,commitment,human dignity,free will and decent motivation are to be incorporated in contemporary economics with more nobler and humane perspective.
The relationship between the role of the public and private sectors demand new insights for socio-economics of employment and international trade. "Keys for Economic Understanding" is hereby dedicated for training and retraining in light of current state of the economy in USA and in China. Cf.www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics exploring the changing nature of economics in the 21st century with new vision if warranted. July 18, 2008
Thursday, July 17, 2008
World Journal,July 13, 2008 page B7
Why Americans are not happy? By a professor in New York City: Published in Chinese language in "Shijieribao"
The issue is Money and Love: People focus on money as the only goal in life causing problems. Money cannot buy happiness even though it is recognized that money is needed to lead a decent life. True love should be the top priority in the minds and hearts of the folks with good sense. My equation for happiness is not material consumption as numerator over desire as denominator only but to add intellectual pursuits,spiritual satisfaction and good health to the numerator as I lectured in Shanghai in 1981. I am delighted to learn that the professor in NY has the similar reasoning for proper philosophy of life.
Francis Shieh a.k.a. Xie Shihao. July 17, 2008.
The issue is Money and Love: People focus on money as the only goal in life causing problems. Money cannot buy happiness even though it is recognized that money is needed to lead a decent life. True love should be the top priority in the minds and hearts of the folks with good sense. My equation for happiness is not material consumption as numerator over desire as denominator only but to add intellectual pursuits,spiritual satisfaction and good health to the numerator as I lectured in Shanghai in 1981. I am delighted to learn that the professor in NY has the similar reasoning for proper philosophy of life.
Francis Shieh a.k.a. Xie Shihao. July 17, 2008.
Tuesday, July 15, 2008
A passion for pandas creates a passion for photo
Washington Post,July 14, 2008 page B3:Taishan was an inspiration for many in Pandas unlimited to invest in professional camera equipment to document his life. Some folks envy Pandas but I believe folks can make contributions in other fields in this mundane world. For example,blogging is a kind of contribution to share one's views to others.
Francis Shieh a.k.a. Xie Shihao,a lover of Pandas but would not envy Panda. As homosapiens,we can move around but Pandas' surrounding is limited!
Francis Shieh a.k.a. Xie Shihao,a lover of Pandas but would not envy Panda. As homosapiens,we can move around but Pandas' surrounding is limited!
Monday, July 14, 2008
Welcome to stylish Shanghai!
Washington Post,July 13, 2008 page A10: Shanghai is hosting Olympic soccer games in August 2008 and the World Expo in 2010.
The traits that Shanghai folks vaunt - busines acumen,savoir-fair and the embrace of things foreign - are not those in which Beijingers h are traditionally taken pride.
Shanghai is a metropolis, with more foreign flavor than Beijing. "Shanghai Fashion" is known to all. As a native of Shanghai since 1926, I am proud of Shanghai.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai to USA in 1947 but lectured in China almost every year after 1981. I am a lifelong student of economics and languages(English and Chinese) July 14, 2008
The traits that Shanghai folks vaunt - busines acumen,savoir-fair and the embrace of things foreign - are not those in which Beijingers h are traditionally taken pride.
Shanghai is a metropolis, with more foreign flavor than Beijing. "Shanghai Fashion" is known to all. As a native of Shanghai since 1926, I am proud of Shanghai.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai to USA in 1947 but lectured in China almost every year after 1981. I am a lifelong student of economics and languages(English and Chinese) July 14, 2008
Saturday, July 12, 2008
"Kung Fu Panda" hits China: Made in Hollywood,USA
Such movie follows a slacker panda named Po, who works in his father's noodle shop and eventually fulfills his dream of being a kung fu fighter, and features the voices of Hollywood stars Jack Black and Angelina Jolie. It is taken in $350 million at theaters world-wide.
I wish to point out the Pin Yin system of romanization should be "Gongfu" instead of "Kungfu" but the established Wade-Gile system lingers in the minds of lots of folks world-wide.
Washington Post,July 12, 2008 page A3: Senator Obama defends comments on learning other languages: Americans need to learn more foreign languages. I am sure when learners study phonetic equivalents,Pin Yin system would be studied and more folks would be familiar with Pin Yin system of romanization in the 21st century.
Francis Shieh a.k.a. Xie Shihao,published "A Glimpse of the Chinese Language" (1965)dedicated to all who wish to learn the comparisons of varied systems of romanization and the simplified Chinese language plus the traditional form of the Chinese characters. Simplified Chinese would save time in the name of economic development. Economizing time would be the goal for folks nowadays! July 12, 2008 at 3.40 p.m.
I wish to point out the Pin Yin system of romanization should be "Gongfu" instead of "Kungfu" but the established Wade-Gile system lingers in the minds of lots of folks world-wide.
Washington Post,July 12, 2008 page A3: Senator Obama defends comments on learning other languages: Americans need to learn more foreign languages. I am sure when learners study phonetic equivalents,Pin Yin system would be studied and more folks would be familiar with Pin Yin system of romanization in the 21st century.
Francis Shieh a.k.a. Xie Shihao,published "A Glimpse of the Chinese Language" (1965)dedicated to all who wish to learn the comparisons of varied systems of romanization and the simplified Chinese language plus the traditional form of the Chinese characters. Simplified Chinese would save time in the name of economic development. Economizing time would be the goal for folks nowadays! July 12, 2008 at 3.40 p.m.
A physicist and an economist apropos of philosophy
Einstein said that a person either lives as if nothing is a miracle, or lives as if everything is a miracle.
Xie cited: Faith,Hope and Love plus UCO in re Upbeat,Cheer and Optimism.
Einstein has the well-known equation: E=MC square in physics.
Xie quoted Economics: Equilibrium is not equal to Material Consumption over Desire.(Cf.previous blogs for more details) Learning may be 9/10th learning to think and feel fully. Only 1/10 learning to write. As homosapiens,we go through life and embrace with passion as per our interest for fun in our mindsets.
The Option is yours!
It is on me to bring order to the confusion when and if there is such encounter but EQUANIMITY is the Mantra!
It costs nothing to wear a smile with laughter to beget longevity with spirituality. All of us are being tested and we can pass the tests as long as we believe with faith. We need to keep priorities in check.
Francis Shieh a.k.a. Xie Shihao,a lifelong student in economic philosophy. July 12, 2008
Xie cited: Faith,Hope and Love plus UCO in re Upbeat,Cheer and Optimism.
Einstein has the well-known equation: E=MC square in physics.
Xie quoted Economics: Equilibrium is not equal to Material Consumption over Desire.(Cf.previous blogs for more details) Learning may be 9/10th learning to think and feel fully. Only 1/10 learning to write. As homosapiens,we go through life and embrace with passion as per our interest for fun in our mindsets.
The Option is yours!
It is on me to bring order to the confusion when and if there is such encounter but EQUANIMITY is the Mantra!
It costs nothing to wear a smile with laughter to beget longevity with spirituality. All of us are being tested and we can pass the tests as long as we believe with faith. We need to keep priorities in check.
Francis Shieh a.k.a. Xie Shihao,a lifelong student in economic philosophy. July 12, 2008
Wednesday, July 9, 2008
Army soldiers are Olympic hot shots
Washpost,July 9, 2008 page E1: Countdown to Beijing:
Fort Benning,Ga. - US Army sharpshooter ,19-year old skeet competitor,headed to his first Olympics in August,knows that he must sustain that perfectin to clinch a gold medal.
WashPost,July 8,08 page F6:
"Tai chi(T'aichi Ch'uan" may help elderly have fewer restless nights" "Chi" in Pin Yin system would mean "eat" or "tooth" or other characters in Chinese. It should be "Taiji" for the Chinese movement in boxing. The Wade-Gile system may be OK similar to Kungfu but it should be "Gongfu" in Pin Yin system of romanization.
It would be useful to learn the Pin Yin system since it is the official sytem and has been used at the US Library of Congress www.loc.gov. For comparisons,Cf."A Glimpse of the Chinese Language" in English www.Amazon.com online book catalog or www.rand.org for educational understanding.
Francis Shieh a.k.a. Xie Shihao on July 9, 2008 at 11.16 a.m.
Fort Benning,Ga. - US Army sharpshooter ,19-year old skeet competitor,headed to his first Olympics in August,knows that he must sustain that perfectin to clinch a gold medal.
WashPost,July 8,08 page F6:
"Tai chi(T'aichi Ch'uan" may help elderly have fewer restless nights" "Chi" in Pin Yin system would mean "eat" or "tooth" or other characters in Chinese. It should be "Taiji" for the Chinese movement in boxing. The Wade-Gile system may be OK similar to Kungfu but it should be "Gongfu" in Pin Yin system of romanization.
It would be useful to learn the Pin Yin system since it is the official sytem and has been used at the US Library of Congress www.loc.gov. For comparisons,Cf."A Glimpse of the Chinese Language" in English www.Amazon.com online book catalog or www.rand.org for educational understanding.
Francis Shieh a.k.a. Xie Shihao on July 9, 2008 at 11.16 a.m.
Tuesday, July 8, 2008
Carlyle Invests in Chinese Firm
Washington Post, July 8, 2008 page D4: Communication is the key to satisfaction.
Carlyle Group, the DC private-equity firm run by David Rubenstein, said it will invest $87 million in privately owned Sinorgchem,a Chinese maker of chemical used in rubber products.
Sinorgchem is the biggest Chinese supplier of para-phenylenediames (PPDs), a key chemical additive used to make rubber products, Carlyle said. China's consumption of rubber is driven by growing local automobile markets and increasing relocation of global tire production capacities to China. PPDs are important in tire production, as they can prevent premature aging of rubber, the statement said.
Francis Shieh a.k.a. Xie Shihao who keeps in mind with vivid and light,sunshiny thoughts. July 8, 2008
Carlyle Group, the DC private-equity firm run by David Rubenstein, said it will invest $87 million in privately owned Sinorgchem,a Chinese maker of chemical used in rubber products.
Sinorgchem is the biggest Chinese supplier of para-phenylenediames (PPDs), a key chemical additive used to make rubber products, Carlyle said. China's consumption of rubber is driven by growing local automobile markets and increasing relocation of global tire production capacities to China. PPDs are important in tire production, as they can prevent premature aging of rubber, the statement said.
Francis Shieh a.k.a. Xie Shihao who keeps in mind with vivid and light,sunshiny thoughts. July 8, 2008
Sunday, July 6, 2008
The RAND Corporation and Honolulu Stories
Washington Post,Book World,July 6, 2008:
Page 4: RAND, the think tank in sunny Santa Monica. The reviewer is a Professor at the University of California. I was a member of the research staff at the Department of Economics from Jan. 1964 to September 1965 before coming to Washington to work for NSF project for American scientists to have contacts with Chinese scientists. "Directory of Chinese Scientic Research Institutions" was published by Hoover Institution,Stanford University,1971. I published "A Glimpse of the Chinese Language" in March 1965 for Westerners to have understanding of the Chinese language via Pin Yin system initially. My colleague and friend Richard Moorsteen published "Remaking China Policy",Harvard University Press,1971. His vision is being realized now in the 21st century and beyond.
Page 12,HAWaii Punch. a rich anthology of 50th state:
Chief Dan Liu was with the Police Force over 4 decades and was chief of Police,21 years. I met many folks from Hawaii in early 1950s in Los Angeles and I became a good friend of Chief Dan. Unfortunately,he passed away in his 70s and a new Police Station was dedicated to honor him in downtown Honolulu.
Francis Shieh a.k.a Xie Shihao. July 6, 2008 at 12.16 p.m. with reflections.
Page 4: RAND, the think tank in sunny Santa Monica. The reviewer is a Professor at the University of California. I was a member of the research staff at the Department of Economics from Jan. 1964 to September 1965 before coming to Washington to work for NSF project for American scientists to have contacts with Chinese scientists. "Directory of Chinese Scientic Research Institutions" was published by Hoover Institution,Stanford University,1971. I published "A Glimpse of the Chinese Language" in March 1965 for Westerners to have understanding of the Chinese language via Pin Yin system initially. My colleague and friend Richard Moorsteen published "Remaking China Policy",Harvard University Press,1971. His vision is being realized now in the 21st century and beyond.
Page 12,HAWaii Punch. a rich anthology of 50th state:
Chief Dan Liu was with the Police Force over 4 decades and was chief of Police,21 years. I met many folks from Hawaii in early 1950s in Los Angeles and I became a good friend of Chief Dan. Unfortunately,he passed away in his 70s and a new Police Station was dedicated to honor him in downtown Honolulu.
Francis Shieh a.k.a Xie Shihao. July 6, 2008 at 12.16 p.m. with reflections.
Friday, July 4, 2008
Sino-American Economics in Energy
Washington Post,July 4th,2008 on page D3: AES buys stake in Chinese wind farm:
AES boughty 49% of a wind farm owned by Guohua Energy Investment in China's Inner Mongolia region for $10 million to tap rising demand for renewable power in the world's second largest energy consumer. The Guohua Hulunbeier Wind Farm, which started commercial operations in September, has a capacity of 49.5 megawats. AES, a power producer based in Arlington, aims to benefit from China's goal to become the world's top wind power producer in five years. I ranks 6th now.
Here is another evidence of positive Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao. July 4, 2008 at 4.16 p.m.
AES boughty 49% of a wind farm owned by Guohua Energy Investment in China's Inner Mongolia region for $10 million to tap rising demand for renewable power in the world's second largest energy consumer. The Guohua Hulunbeier Wind Farm, which started commercial operations in September, has a capacity of 49.5 megawats. AES, a power producer based in Arlington, aims to benefit from China's goal to become the world's top wind power producer in five years. I ranks 6th now.
Here is another evidence of positive Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao. July 4, 2008 at 4.16 p.m.
Paulson makes case for reforms:WashPost,7/3/08
Page D2: Treasury Secretary Henry M. Paulson Jr. said the United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence. In a speech in London, Paulson said tht US Federal Reserve needs sweeping new powers that would make it easier to get information on financial institutions - and to intervene if necessary. My comment: Such is the expansion of the public sector over the private sector,the mix of both sectors. Sino-American Economics re stragetic economic dialogue would strengthen the public sectors over the private sector in US-China economic relations. Reflecting American history,the New Deal under FDR was a case in point for the wellbeing of the people in the United States. I have reason to believe that a new president after January 20, 2009 would stress the public sector for the wellbeing of the people in USA. Today is July 4th,National Holiday in USA for Americans deserving life,liberty and pursuit of happiness with decent living. Nobody would impugn,indeed!
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics to promote Sino-American Economics for the mutual benefit of two great nations with understanding of economic resources to be shared for globalization in the 21st century. At 6.35 a.m.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics to promote Sino-American Economics for the mutual benefit of two great nations with understanding of economic resources to be shared for globalization in the 21st century. At 6.35 a.m.
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