"Stocks plunge; Next Step is Uncertain." Such Headline may be misleading or out-of-date with Sept.30, 2008 as the date of such paper.
It needs to be updated as of 3 p.m. 9/30/08 Stocks are up for recovery as per online info. www.Yahoo.com I pays to be online,indeed! The Bailout Bill will be approved by Congress soon. The shares of Bank of America and Citigroup are holding steady. The big getting bigger. Citigroup: 2.97 trillion and Bank of America: 2.95 trillion. Citigroup is a pillar of strength in acquiring Wachovia.
Page A6:: Spurning Secularism, Many French Muslims find Haven in Catholic schools. Perhaps such practice would be useful in United States to reconcile misunderstanding of different faith as the melting pot in USA.
In China,religious faith are approved unless it is a cult. There are folks who have faith in Budda or Jesus Christ(Protestants and Catholics) or Daoism. However,Most Chinese do not have any official religion but have ethics and morality as built-in faith for "Laotianye" derived from family traditional culture for generations.
Page C3: Buffett Invests in Chinese battery Maker: BYD with promising future for electrical products in the 21st century. That is for sure as far as I can reason for Sino-American Economics in action.
Page A31: Bee Wilson wrote: "New York's forgotten poison milk scandal has echoes in China today. To wit: New York City in 1858 - Swill milk rumbled on in New York for several decdes of the 19th century New York dairymen padding their milk with water and then restoring its richness with flour -just like their latter-day Chinese counterparts. As early as 1842, a temperance crusader named Robert Hartley warned that city milk could be catastrophically tainted. The similarities between China today and New York 150 years ago should not come as a great surprise. Adulteration on such a scandalous scale occurs in societies with a toxic combination of characteristics under the influence of a capitalistic economy coupled with a government unable or unwilling to regulate the food supply. In such get-rich-quick societies, there is huge temptation to tamper with food. It took stronger food laws, better policing, the advent of pasterization and the passage of the Food and Drug Act in 1906.
The American food supply is still flawed as panic over salmonella in produce known lately. But it is worth remembering that it has been far worse. China's present is America's past." Bee Wilson is the author of "Swindled: Food Fraud from poisoned candy to counterfeit coffee.
Francis Shieh a.k.a. Xie Shihao, a reader to keep other readers informed via www.Blogger.com
Sept. 30, 2008 at 3.25 p.m.
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