Tuesday, October 7, 2008

Wall Street Journal,NY Times,USAToday Oct.7, 2008

WSJ Oct.7th on page A1: Investors succumb to fears of recession.
Page A10: Older workers report having been affected by economic changes in the last 12 months - Had trouble paying for basic items.
Page A15: China is lifting oil output. International Energy Agency in Paris expects China to increase production by 300,000 barrels a day in 2009.
Page A19: China bolsters daily supply oversight in effort to rebound from scandal -i.e. requiring firms to perform expanded tests on raw milk including checks for melamore and other nonfood additives.
Page A27: Nobel Laureate 1992, Prof. of Economics Gary Becker stresses market competition on a global scale for growing trade. I do concur such Law of Comparative Advantage. http://home.uchicago.edu/~gbecker.

NewYork Times: Page A1: Fears of Banking instability and global recession.
Page A24: Latin was rejected as irrelevant but is making its way back on to school currickulum in New York. I still remember "Sursum Corda and Per Omnia Secular Seculum." "Dominus vobisco" et al.

USA Today Oct.7,2008 Health takes a hit as economy creates more stress:
Economic stress is taking its toll on Americans' emotional and physical health, survey data shows. More than half of American report irritability or anger,fatigue and helplessness, and almost half say they self-medicate by overeating or indulging in unhealthful food. My comment: Why be negative? Be positive with faith,hope and love plus upbeat and cheer in spirituality.

Francis Shieh a.k.a. Xie Shihao to be positive in my scenarios for mindset. Oct.7, 2008 at 1.36 p.m.

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