Page A1: Deficit rises and consensus is to let it grow. My comment: No way to solve fiscal problems in the days to come. Readers can confirm such from empirical evidence during the course of time.
Page A6: China enacts major land-use reform for farmers: An effort to raise country side incomes and reduce the sharp rural-urban divide. I do support such policy for the benefit of circa 65%-70% farming folks in China.
Page B1: Fear Index- Chicago Board Options Exchange Volatility Index: A main guage of market anxiety,reached an all-time high. What would be the logical outcome? Recession is going to be more serious? Another stimulus from FED's policy? More mental cases to maintain mental health in America? Ponder the future with faith,hope and love for humanity.
USAToday,Oct.20,08: Presidential candiate Obama was born in Honolulu,Hawai'i.
Candidate McCain's father was an Admiral as head of Pacific Command,1968-72.
As an honorary citizen of Honolulu,Hawai'i,I am sure that the next President will have his family ties with Honolulu,Hawai'i, the 50th State. I sent my previous blog about the recently published book about Hawai'i for reference.
As a Kentucky Colonel,I am doing eleemosynary work on earth as such honorary title demands.
Francis Shieh a.k.a. Xie Shihao, an aplorist and an octogenarian blogger for readers of Sino-American Economics. October 20, 2008 at 3.08 p.m.
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