Wall Street Journal,Oct.10th Page A1: Market's 7-Day Rout leaves US reeling. As of 2 p.m. today turning dark so to speak with stocks down again. Such is the worst market slumps as slow-motion crash.(sic) Investors lose $8.4 trillion+ of wealth.
Page A4: Taiwan,Korea cut rates.
Page A6:" Economists expect crisis to deepen. Grades for evalution to a barely passing grade for Treasury Secretary and FED chairman.
Page A12:: In China,leaders turn focus to farmers's plight.
Page A17: Paul Volcker,former FED Chairman,1979-1987 said:
"We have the tools to manage the crises." I would be inclined to endorse such seasoned judgment. However,his statement is to be verified during the course of time.
Page B4: Silicon Valley firms find they aren't immune from credit crises. Jobs?
Page B6: Nielsen unit forms China web venture. Sino-American Economics in action.
New York Times Page A29: Prof. Paul Krugman: Last chance to avert Great Depression II? This weekend is the line of demarcation for us to see such drastic drama to be unfolding with excitement or equanimity.
Page B4: H-P plans to operate a computer plant in Chongqing are of China to compete with Lenova Group in Beijing, China.
Investor's Business Daily,Oct.10,08 Page A1:
"China still growing fast amid global crises: Retail sales are robust. China has the largest rainy-day fund in the world."
Francis Shieh a.k.a. Xie Shihao would share such headlines with readers of www.Blogger.com to update Sino-American Economics.
October 10, 2008 at 3.50 p.m.
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