Wall Street Journal,Oct.28th page A1: Consumer Confidence likely to take a hit but stocks rebound - Dow up 270 points as of 2 p.m.
Page A10: European Central Bank (ECB) signals a rate cut for next week. US follows suit?
New York Times,Oct.28th page A23:
The beavioral revolution: Decision making steps:
1. Perceive a situation.
2. Possible course of action.
3. Calculate in the best interest.
4 Take the action.
Financial crisis is amount to a coming out party for behavioiral economists. I do concur via my prior blogs.
This meltdown is not just a financial event, but reveals about human frailty as a part of culture.(lifestyle) Human mind is trying to perceive things with varied tradition and culture.
USA Today, Oct.28th
Page 4A: We are voting for Obama from Republicans: A statement to vote for Obama. We need a president with sound judgment and steady leadership. Obama can bridge nation's racial divide by virtue of his background on Page 11A.
Page 1B: Majority of economists back 2nd stimulus bill i.e. tax cuts extension of unemployment benefits and funds for infrastructure i.e. roads and bridges. I would recommend rebate checks. Let us see the decision soon?
Page B12: Twenty Rules for investment success. Q.E.D.(to be shown)
Page A5 China's website: sohu made profits (quadruples) from game business.
Francis Shieh a.k.a. Xie Shihao. October 28, 2008 at 2.52 p.m.