Saturday, October 4, 2008

Bush enacts historic financial rescue

Washington Post, Oct. 4, 2008 Headline on page A1:'

"In an unusual display of urgency President Bush signed the bill less than two hours later, and Treasury Henry M Paulson, Jr. said he plans to start spending the money within weeks. The measure gives Paulson expansive powers - unprecedented outside of wartime - to intervene in financial markets by relieving faltering firms of distressed assets backed by home mortgages, which ar falling into foreclosure at record rates." I read such news with great interest for learning purposes.

Paulson has visited China many times in past years and he is promoting closer economic relations of USA and China for mutual benefit.
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Francis Shieh a.k.a. Xie Shihao, a watcher of economic development with interest as a lifelong student of economics in every human endeavor including the economics of cruising to Carubbean that I experienced years ago and in China as well.

There are five "Ws" of vacation planning: I traveled to China 3 times during the past months and expect to travel again in January 2009.
Who is going?
What to pack?
Where to go?
When to go?, and
Why I am going such as relaxation, adventure, sightseeing et al. Perhaps "H" should be added for How to get the best deal as my planning thoughts.

October4, 2008 at 5.32 p.m.

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