Wall Street Journal,Oct.14,08 page with news about IBM in China as an extension of IBM in Beijing. I was at IBM, San Jose,California from 1956-1957 before accepting an offer to teach Economics in Hollywood,Los Angeles,California from 1958-1961.
Page A1: US to buy stakes in largest banks. Recipients include Citi,Bank of America et al. Government pressures all 9 banks to accept money as part of broadened rescue effort. Such action may be regarded as human behavior of leaders in public and private sectors to offer joint endeavor to try to resolve financial crisis.
Page A6: Paul Krugman is awarded Nobel in Economics. He proposed a theory of trade that incorporated consumers' desire for diversity in their purchases. Prof. Krugman applied his insights on trade and economies of scale to regional economics. I wish to reiterate my thoughts that USA and China are two trading nations on both sides of the Pacific. Everyone should learn about comparative advantage(page A19) as per my prior blogs. New York Times,Oct.14th on page A1: Professor Krugman cited SOUL i.e. our souls are immortal but our physical body would leave the mundane world when we are centenarians or beyond...The end maybe far but maybe near to have such thoughts in our prayers.
May I offer a theory of work and study to enhance productivity for global economic recovery in the long run? In 1979 I received a letter of commendation from Secretary of Treasury and FED Chairman Miller apropos of "Work and Study Cycle Theory" thereby I was a recipient of Fulbright Award as a Senior Scholar in Hong Kong, 1989-1990.
I have reason to believe that Senator Obama (Presidential candidate)would stress education and training on community level as elaborated in Congressional Record:The Future of Community Colleges,July 18, 1974 and Keys for Economic Understanding in 1971 and Keys to Economic Understaning in 1976 plus Work and Study Cycle Theory in 1978. Cf.www Amazon.com online for reference.
Washington Post,Oct.14,2008 page D4 and Washington Times on page A11- published China's Trade surplus hit a new high of $29.3 billion, exports totaled $136.4 billion with 21.5% increase while imports grew 21.3% to $107.1 billion. Such data would be a part of Sino-American Economics.
Page A1 Washington Times: Americans as poor: Millions lack money for health care. I trust Obama would try to remedy such situations after January 20, 2009 when inaugurated if elected on Nov. 4, 2008
Francis Shieh a.k.a. Xie Shihao to share the above with readers to be up-to-date apropos of contemporary economics.
October 14, 2008 at 2.06 p.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment