Page A8: Headline: Inflation fears present European Central Bank(ECB) from cutting rates. Cf. my topic:"Precis on inflation" in my previous blog in 1995 but repeated in 2008 now and in the days to come for consumers in USA and in China. Inflation with Recession or Stagflation as viewed by most folks in the United States from Media such as Radio broadcast WTOP on September 5, 2008 at 7.35 p.m.
Page A13: "Einstein's Mistakes" by Hans C. Ohaninn. Norton Publisher. 395 pages $24.95 A newly published book for reader's reference for enlightenment. The famous equation below:
E=MC square. I sent my humorous blog in the past i.e. Equilibrium is not equal to Material Consumption over Desire Square in Economics but we must add Intellectual Pursuit and Spiritual Satisfaction plus Good Health. Moreover, Happiness is not Material Consumption over Desire only as I lectured in Shanghai in 1981 with such economic philosophy with humor to be compared with the textbook by Paul Samuelson.
Page A14: Australian Prime Minister Kevin Rudd said that true friends are not afraid to point out problems. My comment: The problem is the problem of the West as Tibet has always been a part of China ever since I was a university student in early 1940s before 1949. Food for thought for Westerners to learn that Tibet is a part of China under KMT before the change of leadership in China Proper,same as the status of Taiwan as a part of China.
Francis Shieh a.k.a. Xie Shihao, an octogenarian graduate student from China to USA for advanced studies in 1947 before the establishment of People's Republic of China in 1949.
Page C1: Dow falls 344.65 as hedge funds go on defense. Bad news for investors.
New York Times: Page C1,C2: Central bank of China needs a capital infusion - Dollar and Yuan: China's central bank has accumulated about $1 trillion in US debt. That is Sino-American Economics! The readers can easily detect the relationship of two nations in the 21st century for true understanding. Sept.5,08 at 7.35 p.m.
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