Page A1: Material world told to spend less, be happy:
Happiness is not material consumption over desire only but to add intellectual pursuit and spiritual satisfaction to the numerator over the denominator of desire. In other words,when desire is dampened,happiness can be realized. Such may be verified from the past blogs.
The Pope says so too or shares the rational reasoning with the blogger since the Pontiff is younger,born in 1927 to be compared with the blogger born in 1926.
Page A15: Confucian heritage as the sequel to the prior blog apropos of ethics and morality for folks in South Korea. Ethics and Morality should be stressed for leaders in USA and China in managing the economy. Confucius/Mencius packs the same intellectual weight as Adam Smith i.e. The East and the West is regarded as One Human Race:UNO.
Page A16: Secretary of Treasury Henry Paulson,Jr. called China's 30th anniversary of Reform as a turning point in US-China history and Deputy Secretary of State Negroponte added that US looks forward to working with an increasingly confident and open China. Open trade between US and China and vice versa would be to honor the Law of Comparative Advantage for mutual benefit.
Their statements do reinforce MY CREED as the Heading in the past blog for sharing thoughts.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student to compare notes with other Americans and moral leaders apropos of Sino-American Economics to have proper economic development.
December 18, 2008 at 3.25 p.m.
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