Friday, September 26, 2008

Wall St.Journal,USA Today,WashTimes, NYTimes:Sept.26,08

WSJ,Sept.26,08 Page A1: Bailout negotiation in disarray. $700 billion proposal hits stalemate. Dramatic gesture by Paulson.Headlines! USAToday Page 1B: 78% of Americans are for bailout with changes.
China launched a 3-Man crew into space(Shenzhou 7) including one astronaut who will make China's lst spacewalk.
Washington Times 9/26 page A19 with photo: Most challenging mission of China.
Page A26: Editorial- Slouching toward Socialism and Fear-conomics. Cute Headings!
Page A18: Inflation is back - rising prices are duke to an increase in the quantity of money and credit, the essential responsibility of the FED. My comment: MV=PQ may be reviewed for such happenings nowadays.
Solid Gold has doubled the value as the most reliable indicator of monetary mischief. Almost $900 an ounce but rise more in the days to come.
Page B1: GM's car sales slide in China. Toyota,Honda zoom ahead as buyers concentrate on fuel economy and uality. - Problems are remarkably similar to those it faces in the USA: A less than stellar reputation among consumers for fuel efficiency and vehible quality. I have been driving Honda and Toyota for the same reason.
Page B4: China deals extend global push seeking foreign resources firms to maintain economic growth.
Page C6: Church of England Archbishop and German Minister of Finance attack jointly on financiers in USA. (Bank robbers to get short-term profit) as published.
NYTimes A15: China sends 3 into space with photo and Chinese characters.
Page B36 Japanese Kanji i.e. Hanzi in Pin Yin re Chinese characters are found for World Culture of Art. Chinese language is a form of art(calligraphy) and music(tones)

Francis Shieh a.k.a. Xie Shihao,a student of Economics and Chinese language on Sept.26, 2008

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