WSJ,Sept.13-14,2008: Page A1: Merrill Lynch saw its stock drop 12%,following a 17% drop on Thursday,Sept.11,08. AIG faces downgrade and possible asset sales.
Page A3: The Treasury pledged to inject as much as $200 billion in capital into Lehman companies, as needed ,to keep them solvent. The CBO estimated that the Treasury's authority to invest in the firms would widen the deficit by $25 billion over 2 years. Page A4: Retail sales fall amid consumer unease.i.e. Consumption sector occupies 2/3 of GDP as a sign of slowdown of the US economy.
Page B1: Lehman woes pressure AIG,Merriall Lynch: Falling shares raise questions about financial capital. Such may be described as a game of papers with value.(sic)
Page B3: China used 1.81 trillion reserves, the world's largest such store to sway Costa Rica: $150 million US$ bonds with 2% interest and 150 million in January 2009Page B16: Year-to-date performance of Financial Stocks: -
Merrill Lynch: down 68%
AIG down: 79%
Lehman Brothers: down 94%
Page R13 Teaching English in China: "I really got a sense of China as a dynamic, friendly, entrepreneurial society." said Mr. Schreibe,a 64-year-old retired engineer.
New York Times Page A8: Pope's plea for Europe to look to its roots in Christian culture. My comment: Perhaps Europe should look to Confucianism in Asia circa 550-491 B.C.? as a forerunner of Christianity. Morality and Ethics toward mortality as the be-all and end-all of all humanity as the ultimate finale of human drama in this mundane world with understanding of M at the palm to remind us about such eventuality.
Francis Shieh a.k.a. Xie Shihao on Saturday,September 13, 2008
Page A22: New York Films Festival plans a China Focus in 2009 to celebrate 60th anniversary of People's Republic of China.
Page B6: China deal draws praise for Coke with strategic significance to invest 2.3 billion to Hui Yuan Juice in China.
Francis Shieh a.k.a. Xie Shihao on Saturday,September 13, 2008 at 3.05 p.m.
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