Washington Post,Sept.28,2008 page A3 for the above title.
James Parrott, Chief economist of the Fiscal Policy Institute said: "It may not be a bad thing that more decision-making rests with folks in Washington rather than New York." My comment: Political Economy is in evidence as cited in "Keys for Economic Understanding" www.Amazon.com online book for reference.
Professor Douglas Muzzio stated: "This mythology of the swash-buckling capitalist entrepreneur and trader, that may be damaged. They screwed up. And they are asking us to pay for their mistakes." Who are calling the shots? The folks with political and economic clouts,indeed! To me,all nations have private and public sectors but the optimal point of the mix is still being sought by leaders incessantly.
Page A20: As China's first spacewalk unfolds,anchors keep their cool. No banter or blather. No logos or slogans on-screen. Beijingers and Shanghainese watch live coverage of China's inaugural spacewalk mission. "Shenzhou 7 is saying hello to all the folks of China and people all over the world." China is making contribution for all humanity and the goal of China is to promote peace and economic development with endorsement from the United Nations. China is one of the permanent members of the Security Council of UN.
Since Shanghai will be the host for Expo 2010,all the products from all nations in the world will have exhibits in Shanghai. Power of Business may be shifted from Beijing to Shanghai,the cosmopolitan city with international investments in Shanghai's financial center in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a native of Shanghai with teaching background in Beijing from 1993-1996. Sunday, September 28, 2008 at 10.30 a.m. EDST.
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