Page A1- WSJ Headline: "Fresh Tumult as Signs of Recession go Global. Fears of a prolonged recession pushed shares down across the world."
B2- US stocks are part of a global retreat in economics.( spiritual retreat may be timely for mental health)
B4B - Industrial and Commercial Bank of China (ICBC) Profit jumps 36%: Shanghai - China's largest financial institution had a robust result as China is the world's fastest growing major economy.
New York Times Oct.25,08: Editorial- "The next administration must reestablish equity of opportunity. Investment is desperately needed in health care,education et al. The social contract and the role of the government should be examined anew." Such enormous task takes years in the 21st century. It is Socio-Economics as I envisioned in my blogs. It is obvious that I have been interested in education and training to promote the building of human capital.
B5: China has taken measures to help global financial stability by increasing liquidity in the markets to enhance coordination and cooperation with other nations on macroeconomics policies. "Macroeconomics of Stabilization" was published by the White House Conference on Balanced Economic Growth. August 1978.
Francis Shieh a.k.a. Xie Shihao with my passion of watching economic events as my pastime for fun.
October 25, 2008 at 2.45 p.m.
Investor's Business Daily, October 27, 2008 Monday on page A3: "Never stop learning": I am an octogenarian but still a learner to validate Work and Study Cycle Theory. www.ask.com for reference.
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