Style Section C1:
Book: "What Happened: Inside the Bush White House and Washington's Culture of Deception," by Scott McClellan.
Book: "War and Decision Inside the Pentagon at the Dawn of the War on Terrorism," by Douglas J. Feith.
Book: "Wiser in Battle: A Soldier's Story," by retired Lt. Gen. Ricardo S. Sanchez, former commander of coalition forces in Iraq (2003-04)
Arrogance/Hubris Factor: High.
Francis Shieh, a student of economics to learn the cost of War in Iraq. May 31, 2008
Saturday, May 31, 2008
LBJ made great contributions to USA for 100th anniversary of his birth
Greetings and Salutations to JCalifano, I thoroughly enjoyed reading your super-article in the Washington Post,today on page A13. I do remember President Johnson's Medicare to cover 43 million older Americans and the Work-Study program. As a matter of fact,I was influenced by LBJ to develop "Work and Study Cycle Theory" to be validated and implemented to enhance productivity for American economic development.(Cf.www.ask.com for reference if interested.) I would also pay tribute to LBJ for Civil Rights Act in 1964. His efforts to remove racial discrimination is certainly the genuine American way of life as reflected in the 21st century and beyond. I honor LBJ and your wonderful reminder for Americans to remember LBJ's achievements. Francis Shieh,an Asian American graduate student from China in 1947 and naturalized as an American citizen in 1954. Thank you for publishing such article to enlighten your readers with my kudos to YOU. May 31,2008
Friday, May 30, 2008
Rx for Global Poverty:WashPost,May28,08 p.A13
Growth and Development including two Nobel-prize winning economists including China,Hong Kong as panel members. They identified five common elements of success.
1. Openness to global trade and, usually, an eagerness to attract foreign investment. It is known that China is a typical quintessence for reducing poverty.
2. Political stability and capable governments committed to economic growth. China is hereby cited as the host of Olympics in Beijing 2008.
3. High rates of saving and investment, usually 25% of national income. Lifestyle of the folks with Asian tradition and cultural heritage as a case in point such as Japan,Korea and China under the influence of Confucianism.
4. Economic stability,keeping government budgets and inflation under control and avoiding a broad collapse in production. Enormous cost of wars would disrupt economic stability as pointed by leading American economists cited the book entitled:. Three Trillion Dollar Meltdown et al.
5. A willingness to let markets allocate resources. China has been under the market system after reforms as empirical evidence.
Globalization has moral as well as economic and political dimensions. Adam Smith was a professor of moral philosophy and Confucianism stressed political economy with the maxim of ethics for dedication of public interest to be concerned for wellbeing of the ordinary people as democracy in action. Here is the underpinning of Sino-American Economics in the 21st century as I would envision as a student of economics. May 30, 2008.
1. Openness to global trade and, usually, an eagerness to attract foreign investment. It is known that China is a typical quintessence for reducing poverty.
2. Political stability and capable governments committed to economic growth. China is hereby cited as the host of Olympics in Beijing 2008.
3. High rates of saving and investment, usually 25% of national income. Lifestyle of the folks with Asian tradition and cultural heritage as a case in point such as Japan,Korea and China under the influence of Confucianism.
4. Economic stability,keeping government budgets and inflation under control and avoiding a broad collapse in production. Enormous cost of wars would disrupt economic stability as pointed by leading American economists cited the book entitled:. Three Trillion Dollar Meltdown et al.
5. A willingness to let markets allocate resources. China has been under the market system after reforms as empirical evidence.
Globalization has moral as well as economic and political dimensions. Adam Smith was a professor of moral philosophy and Confucianism stressed political economy with the maxim of ethics for dedication of public interest to be concerned for wellbeing of the ordinary people as democracy in action. Here is the underpinning of Sino-American Economics in the 21st century as I would envision as a student of economics. May 30, 2008.
Thursday, May 29, 2008
WashPost Headline:Chinese citizens step up to rescue
Page A1:
Grassroots organizations and informal networks of private citizens are playing a vital role in getting supplies to rescue workers and survivors of devastating earthquakes in China. The government, in a notable shift,the government appears content to let them do so. My comment: It is democracy in action with citizens' initiative plus incentive of ethnic cooperation in distress to be helped by ethnic Chinese. Moreover,kind-hearted folks from other nations have made donations in money,kind and services in China. Such global cooperative and collaborative efforts are admirable and deserves to be noted for such selfless cause in human history.
Page A19: "Climate Change: Such is a global deal. For that to happen, the United States has to lead to ensure that we have an effective agreement in which China and India take part." That is the article by the former British Prime Minister Tony Blair. Here we can easily detect the need of cooperation and collaboration of USA/China in the 21st century.
Page A4:US experts bemoan nation's loss of stature in the world of science. Nina Fedoroff,a plant modecular biologist said that position in science is being challenged by others, specifically China, which is raising its global profile. They are educating ten times as many students as we are and the other generation of scientists in other countries. I
My comments: Economics is a multi-dimensional social science and is ever-changing in the world. English is an international language but Chinese is spoken by most folks in the world. Globalization needs specialists with knowledge of economics plus bi-lingual ability to handle scientific information more efficiently in English and Chinese languages. Such view was published by Guangdong/Hongkong Information Daily in February 23,1990. I was invited to be a chief compiler for a Directory of Scientific Institutions for the benefits of American scientists. It was published by Hoover Institution of Stanford University in 1971. My colleague at RAND, Richard Moorsteen published "Remaking China Policy" at Harvard University Press in 1971. Francis Shieh a.k.a. Xie Shihao. May 29, 2008
Grassroots organizations and informal networks of private citizens are playing a vital role in getting supplies to rescue workers and survivors of devastating earthquakes in China. The government, in a notable shift,the government appears content to let them do so. My comment: It is democracy in action with citizens' initiative plus incentive of ethnic cooperation in distress to be helped by ethnic Chinese. Moreover,kind-hearted folks from other nations have made donations in money,kind and services in China. Such global cooperative and collaborative efforts are admirable and deserves to be noted for such selfless cause in human history.
Page A19: "Climate Change: Such is a global deal. For that to happen, the United States has to lead to ensure that we have an effective agreement in which China and India take part." That is the article by the former British Prime Minister Tony Blair. Here we can easily detect the need of cooperation and collaboration of USA/China in the 21st century.
Page A4:US experts bemoan nation's loss of stature in the world of science. Nina Fedoroff,a plant modecular biologist said that position in science is being challenged by others, specifically China, which is raising its global profile. They are educating ten times as many students as we are and the other generation of scientists in other countries. I
My comments: Economics is a multi-dimensional social science and is ever-changing in the world. English is an international language but Chinese is spoken by most folks in the world. Globalization needs specialists with knowledge of economics plus bi-lingual ability to handle scientific information more efficiently in English and Chinese languages. Such view was published by Guangdong/Hongkong Information Daily in February 23,1990. I was invited to be a chief compiler for a Directory of Scientific Institutions for the benefits of American scientists. It was published by Hoover Institution of Stanford University in 1971. My colleague at RAND, Richard Moorsteen published "Remaking China Policy" at Harvard University Press in 1971. Francis Shieh a.k.a. Xie Shihao. May 29, 2008
Wednesday, May 28, 2008
Americans from A to Z with some bearing in Economics
After spending almost 61 years from coast to coast in the USA(1947-2008), I have not succeeded in learning all there is to know about Americans. Nevertheless, I would like to say A to Z as my feelings in a jiffy.
A - Americans are Westerners but First Americans were Asians.
B - Busy folks with varied colors,white,black,brown,yellow... and different value systems other than face values.
C - Competition is the be-all and end-all in business and other pursuits.
D - Dollars are an uncommonly common target for all.
E - Enter and exit human relationships readily and quickly.
F - Friendly as go-getters but "Hi" is followed by "Bye" as the norm.
G - "Go for it" as a maxim with the spirit of entrepreneurship.
H - Hypertension goes with high income and high rolling.
I - Impatience is the outcome of quick actions.
J - Jokes are a part and parcel of American humor since Mark Twain.
K - Kiss and Ride, a sign in the Subway for trains.
L - Love is used generously from gals.
M - More and more may be the chase of money.
N - Nosiness is tabooed apropos of privacy.
O - Overweight is serious problems for a good number of folks.
P - Pursuit of fame and fortune as the goal.
Q - Quest for good health and happiness as the utimate cause.
R - Risk is the underpinning theory in microeconomics.
S - Security and Sports are headlines with smart moves.
T - Teasing is a sign of being liked.
U - Unemployment breeds mortgage foreclosures nowadays.
V - Vulnerability to temptations as the case of Adam and Eve.
W - Wu is Shanghai dialect spoken by 100 millions+ folks in Shanghai and elsewhere.
X - Xenophobia may be interpreted or misinterpreted as idiolect or nuance.
Y - "Yummy" maybe a name of a restaurant to attract customers.
Z - Zip is necessary for proper delivery.
The above is subject to your modification with your own imaginations. Thanks for your time in reading my "zhuo jian" i.e. awkward instant thoughts. Have a great day to be a great American!
Francis Shieh a.k.a. Xie Shihao on Wednesday, May 28, 2008
A - Americans are Westerners but First Americans were Asians.
B - Busy folks with varied colors,white,black,brown,yellow... and different value systems other than face values.
C - Competition is the be-all and end-all in business and other pursuits.
D - Dollars are an uncommonly common target for all.
E - Enter and exit human relationships readily and quickly.
F - Friendly as go-getters but "Hi" is followed by "Bye" as the norm.
G - "Go for it" as a maxim with the spirit of entrepreneurship.
H - Hypertension goes with high income and high rolling.
I - Impatience is the outcome of quick actions.
J - Jokes are a part and parcel of American humor since Mark Twain.
K - Kiss and Ride, a sign in the Subway for trains.
L - Love is used generously from gals.
M - More and more may be the chase of money.
N - Nosiness is tabooed apropos of privacy.
O - Overweight is serious problems for a good number of folks.
P - Pursuit of fame and fortune as the goal.
Q - Quest for good health and happiness as the utimate cause.
R - Risk is the underpinning theory in microeconomics.
S - Security and Sports are headlines with smart moves.
T - Teasing is a sign of being liked.
U - Unemployment breeds mortgage foreclosures nowadays.
V - Vulnerability to temptations as the case of Adam and Eve.
W - Wu is Shanghai dialect spoken by 100 millions+ folks in Shanghai and elsewhere.
X - Xenophobia may be interpreted or misinterpreted as idiolect or nuance.
Y - "Yummy" maybe a name of a restaurant to attract customers.
Z - Zip is necessary for proper delivery.
The above is subject to your modification with your own imaginations. Thanks for your time in reading my "zhuo jian" i.e. awkward instant thoughts. Have a great day to be a great American!
Francis Shieh a.k.a. Xie Shihao on Wednesday, May 28, 2008
US Firms come to China's Aid:WashPost,5/28/08
Page D2:Amway, Wal-Mart top list of donors sending disaster relief:
US firms have pledged at least $54 million in cash, goods and servides to victims of the earthquake,the third largest international aid package ever asssembled by American businesses - Procter & Gamble,Anheuser Busch and Merck et al.
China has become vitally important to US corporations as both a producer of goods and an incresingly voracious consumer of them. The donation is the largest Amway has made toward disaster relief.
Page D1: "The fading of the US economy: Energy and food prices are soaring. The housing market continues to collapse. Government revenue is falling and taxes are risings. Airlines are jacking up fares and fees while reducing service. Banks are pulling credit lines. The story of the global economy purging itself of large and unsustainable imbalances that for a time allowed many Americans to think they were reicher than they really were." as written by Steven Pearlstein. My comment: "Enjoy now and pay later" affected Americans on the credit system as known.
Francis Shieh a.k.a. an independent observer to watch economic happenings in USA with impact on the young folks in China as well. May 28, 2008
US firms have pledged at least $54 million in cash, goods and servides to victims of the earthquake,the third largest international aid package ever asssembled by American businesses - Procter & Gamble,Anheuser Busch and Merck et al.
China has become vitally important to US corporations as both a producer of goods and an incresingly voracious consumer of them. The donation is the largest Amway has made toward disaster relief.
Page D1: "The fading of the US economy: Energy and food prices are soaring. The housing market continues to collapse. Government revenue is falling and taxes are risings. Airlines are jacking up fares and fees while reducing service. Banks are pulling credit lines. The story of the global economy purging itself of large and unsustainable imbalances that for a time allowed many Americans to think they were reicher than they really were." as written by Steven Pearlstein. My comment: "Enjoy now and pay later" affected Americans on the credit system as known.
Francis Shieh a.k.a. an independent observer to watch economic happenings in USA with impact on the young folks in China as well. May 28, 2008
Tuesday, May 27, 2008
Never be bereft of happiness: Que se-ra sera et al.
What will be, will be! Just let it be! New York Times Science Time page D1
Mindfulness meditation, a catch and release of emotions, gains ground with therapists. My comment: Philosopher Zhuangzi's way to let things take their own course. Que se-ra sera or "Ting qi zi ran." in Pin Yin system of romanization. Cf. "A Glimpse of the Chinese Language" www.rand.org and www.Amazon.com online book catalog for reference.
Wall Street Journal, May 27, 2008 page B2: Paramount's summer hit are expected to continue with "Kung Fu Panda." Should be: "Gong Fu Xiong Mao" in Pin Yin.
Page B4: China shuffles Telecoms,opening opportunities. Wireles-gear makers,International bankers could reap windfalls. China is one of the last major telecom markets to adopt such 3G technology and global intercom equipment provides such as Telefon ABLM. Ericksson, Alca-tel-Lucent SA and Huawei Technologies Co.
Page C3: China Pensiions to enter funds. Officials expand investment options;The Appeal of Yuan(Chinese currency)
Francis Shieh a.k.a. Xie Shihao. May 27, 2008
Mindfulness meditation, a catch and release of emotions, gains ground with therapists. My comment: Philosopher Zhuangzi's way to let things take their own course. Que se-ra sera or "Ting qi zi ran." in Pin Yin system of romanization. Cf. "A Glimpse of the Chinese Language" www.rand.org and www.Amazon.com online book catalog for reference.
Wall Street Journal, May 27, 2008 page B2: Paramount's summer hit are expected to continue with "Kung Fu Panda." Should be: "Gong Fu Xiong Mao" in Pin Yin.
Page B4: China shuffles Telecoms,opening opportunities. Wireles-gear makers,International bankers could reap windfalls. China is one of the last major telecom markets to adopt such 3G technology and global intercom equipment provides such as Telefon ABLM. Ericksson, Alca-tel-Lucent SA and Huawei Technologies Co.
Page C3: China Pensiions to enter funds. Officials expand investment options;The Appeal of Yuan(Chinese currency)
Francis Shieh a.k.a. Xie Shihao. May 27, 2008
Outpouring of help shifts mood in China
Washington Post,May 27, 2008 page A6: An unprecedented and politically significant flood of foreign aid has been pledged to China since the devastating Sichuan earthquake, ranging from $50 million Saudi Arabian check to crates of cellphones from Nokia. It is clear evidence that the world has sympathy to China and Chinese.
Perhaps just as significantly, the list of donor countries spans the globe, reinforcing the idea that China has integrated into the rest of the world and forged friendly relations with other governments. This had been a central theme of the upcoming Olympic Games in Beijing: One World,One Dream, I wish to add "One Human Race" since it is an international sports competition of all homosapiens in a harmonious world.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 and lectured in China almost every year after 1981. Such services that I rendered were regarded as my modest contribution to China to open up to the world for benefits of all nations. My hint may be read on page 8 in "A Glimpse of the Chinese Language" in English,published in 1965. www.rand.org and www.Amazon.com for reference. May 27, 2008.
Perhaps just as significantly, the list of donor countries spans the globe, reinforcing the idea that China has integrated into the rest of the world and forged friendly relations with other governments. This had been a central theme of the upcoming Olympic Games in Beijing: One World,One Dream, I wish to add "One Human Race" since it is an international sports competition of all homosapiens in a harmonious world.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 and lectured in China almost every year after 1981. Such services that I rendered were regarded as my modest contribution to China to open up to the world for benefits of all nations. My hint may be read on page 8 in "A Glimpse of the Chinese Language" in English,published in 1965. www.rand.org and www.Amazon.com for reference. May 27, 2008.
Monday, May 26, 2008
Business Week, June 2, 2008 and other tidbits
Page 021: Blogging 101 $2.50 meal of tangerine chicken, fried rice, and stir-fried veggies is No. 1 in their taste test. Harvard University economist and blogger Gregory Mankiew speculates that it is only a matter of time before People magazine starts an annual superstar economists issue.
Blogs are one of the do-it-yourself tools to emerge on the Internet, making everyone a potential publisher.
Amazon.com and Apple took the top two spots:
China Mobile - Tele. Revenue 45,863 millions
Google - Net - Revenue 18,116 millions
Page 068: The metal's price has vaulted from $662 an ounce to about $905 over the past 12 months.- a 37% jump - compared with a loss of 6% for the Standard & Poor's 500-stock index. Gold is up roughly 150% in the past five years.
Page 074: H & M's new Shanghai store, one of 193 opened last year.
Even the callous monopolist, Google has more money than it knows what to do with.
ATLANTIC magazine,June 2008 issue has a special article about China for reference.
Washington Post,May 25, 2008 Business page F1: Thinking to buy or sell? Sit tight? Listen to gossip? Behavioral Economics shows that when it comes to investing, people aren't that smart. My comment: Economics ia an inexact science.
Francis Shieh a.k.a. Xie Shihao, a blogger to keep readers informed about Sino-American economics as my service to YOU. May 26, 2008
Blogs are one of the do-it-yourself tools to emerge on the Internet, making everyone a potential publisher.
Amazon.com and Apple took the top two spots:
China Mobile - Tele. Revenue 45,863 millions
Google - Net - Revenue 18,116 millions
Page 068: The metal's price has vaulted from $662 an ounce to about $905 over the past 12 months.- a 37% jump - compared with a loss of 6% for the Standard & Poor's 500-stock index. Gold is up roughly 150% in the past five years.
Page 074: H & M's new Shanghai store, one of 193 opened last year.
Even the callous monopolist, Google has more money than it knows what to do with.
ATLANTIC magazine,June 2008 issue has a special article about China for reference.
Washington Post,May 25, 2008 Business page F1: Thinking to buy or sell? Sit tight? Listen to gossip? Behavioral Economics shows that when it comes to investing, people aren't that smart. My comment: Economics ia an inexact science.
Francis Shieh a.k.a. Xie Shihao, a blogger to keep readers informed about Sino-American economics as my service to YOU. May 26, 2008
Economics of the Nation on Memorial Day 2008
Traditional Western Economics suggests the notion of a rational, self-centered individual and the assumed self-regulating market system. It is high time to realize that Socio-Economics is expected to serve humankind to be built on the value of human needs for a much richer,more encompassing, nobler and more humane perspective than the pursuit of own personal pleasure for self-interest. It should be pointed out that Americans and Chinese have the identical needs for love, self-esteem with hope and faith re ethics and morality expounded by Adam Smith and Confucius/Mencius for a just and fair society with philosophical underpinning. In Pin Yin "Guo jia" "Kuo precedes Jia" i.e. the nation and the individual.
Presidential Candidate Obama told graduates of Wesleyan University to consider public service because our individual salvation depends on collective salvation.
Former President John F. Kennedy had the same idea as maxim for the nation.
Dr. Sun, the founder of China,is being honored in Chinese mainland and in Taiwan as well with his motto: "Tian Xia Wei Gong" i.e. "The World for Public Sector" to stress the importance of the public interest for China. The leaders in China has cited "Yi Ren Wei Ben" emphasizing human needs in economics. However,the private sector must be recognized for incentives but greed mast be avoided. Corruption of some individuals is a case in point apropos of China and USA as well.
Francis Shieh a.k.a. Xie Shihao,a student detecting the common cause for homosapiens apropos of Sino-American political Economics for societal betterment in the 21st century. Reflections on Memorial Day,May 26, 2008 at 9.55 a.m.
Presidential Candidate Obama told graduates of Wesleyan University to consider public service because our individual salvation depends on collective salvation.
Former President John F. Kennedy had the same idea as maxim for the nation.
Dr. Sun, the founder of China,is being honored in Chinese mainland and in Taiwan as well with his motto: "Tian Xia Wei Gong" i.e. "The World for Public Sector" to stress the importance of the public interest for China. The leaders in China has cited "Yi Ren Wei Ben" emphasizing human needs in economics. However,the private sector must be recognized for incentives but greed mast be avoided. Corruption of some individuals is a case in point apropos of China and USA as well.
Francis Shieh a.k.a. Xie Shihao,a student detecting the common cause for homosapiens apropos of Sino-American political Economics for societal betterment in the 21st century. Reflections on Memorial Day,May 26, 2008 at 9.55 a.m.
Superclass: Global Power elite and the world
David Rothkopf, a former managing director of Kissinger Associates and an international trade official in the Clinton Administration. Farrar Straus and Giroux. 376 pp. $26 Reviewed by Anne-Marie Staughter, Dean of Woodrow Wilson School of Public and International Affairs at Princeton and author of "The Idea that is America: Keeping Faith with our Values in a dangerous world." I have reason to believe that folks with faith and goodwill would have similar value with the goal of economic development by means of trade to validate the Law of Comparative Advantage known to students of economics. The world may be dangerous but any danger may be eliminated when leaders are aware of the nuclear potential to humankind in the positive scenarios.
Go to www.theyrule.net. A white page appears with a deliberately shadowy image of a boardroom table and chairs. Sentences materialize; "They sit on the boards of the largest companies in America." Many sit on government committees.""They make decisions that affect our lives."
Global Affairs: They rule the world - A shadowy organization is in power, and it's made up of the very,very rich. Published by Book World, Sunday, May 25, 2008
My comment: If the very, very rich folks rule the world,the middle class and the poor are at the mercy of their wishes. Would such reality be relevant to Sino-American Economics? The readers can make your own judgments after reading such works by scholars who are independent in their analysis for the public. I am delighted to be aware of such scholarly contribution for understanding the real world of power.
Francis Shieh a.k.a. Xie Shihao, a learner in the field of economics of clout from other analytical gurus with tremendous insights. May 26, 2008 at 6.45 a.m.
Go to www.theyrule.net. A white page appears with a deliberately shadowy image of a boardroom table and chairs. Sentences materialize; "They sit on the boards of the largest companies in America." Many sit on government committees.""They make decisions that affect our lives."
Global Affairs: They rule the world - A shadowy organization is in power, and it's made up of the very,very rich. Published by Book World, Sunday, May 25, 2008
My comment: If the very, very rich folks rule the world,the middle class and the poor are at the mercy of their wishes. Would such reality be relevant to Sino-American Economics? The readers can make your own judgments after reading such works by scholars who are independent in their analysis for the public. I am delighted to be aware of such scholarly contribution for understanding the real world of power.
Francis Shieh a.k.a. Xie Shihao, a learner in the field of economics of clout from other analytical gurus with tremendous insights. May 26, 2008 at 6.45 a.m.
Sunday, May 25, 2008
UN Chief delivers message to support China et al.
Washington Post,May 25, 2008 page A17: Quake donations hit $3.7 billion.
page B7: Bush inherited a #236 billion surplus, while the next president will inherit a deficit amount about $400 billion. Federal debt is the highest percentage of GDP since the 1950s. Interest on the federal debt tops $200 billion a year. My comment: Future generations will have to pay.
page A12: Safety lapsed in rush to house Katrina victims:
The Federal Emergency Management Agency purchased nearly $2.7 billion worth of emergency housing for Hurricane Katrina victims, of three general types: Trailers,mobile homes and modified trailers called park models. Reference for China.
Francis Shieh a.k.a. Xie Shihao,a reader of WashPost to keep readers posted at www.blogger.com May 25, 2008
page B7: Bush inherited a #236 billion surplus, while the next president will inherit a deficit amount about $400 billion. Federal debt is the highest percentage of GDP since the 1950s. Interest on the federal debt tops $200 billion a year. My comment: Future generations will have to pay.
page A12: Safety lapsed in rush to house Katrina victims:
The Federal Emergency Management Agency purchased nearly $2.7 billion worth of emergency housing for Hurricane Katrina victims, of three general types: Trailers,mobile homes and modified trailers called park models. Reference for China.
Francis Shieh a.k.a. Xie Shihao,a reader of WashPost to keep readers posted at www.blogger.com May 25, 2008
Tidbits from WSJ,NYT and WashPost,May 24,08
Wall Street Journal,May 24-25,08 on page A6:
US and China plan to resume human rights dialogue.
China Reassesses construction after quake.
page B4: China's cash-rich banks are showing their appetite: China Merchants Bank has been selected as the preferred bidder for Hong Kong's Wing Lung Bank.
page B14: Dollar Ends Week lower: Decline on stocks; inflation concerns spur currency's fall.
New York Times AD:
www.the children of Hunag Shi.com. Based on a true story from China at the time of the second Long March.
Washington Post,May 24, 2008
Taiwan,Mainland Natives Share Concern for Quake Victims in USA:
Tragedy tends to bring out the best in people, and our community is no exception.
We speak the same languages. We eat the same foods. We'e all Chinese in ethnicity.
My comment in Pin Yin:
"Wan zhong yi xin" and "Wen cao zuo quan" Meaning: To unite and to win.
Francis Shieh a.k.a. Xie Shihao, a watcher of Sino-American Economics i.e. everything under the sun and under the moon would be in economics with equal opportunity of human rights in USA and in China for ordinary folks. May 25, 2008
US and China plan to resume human rights dialogue.
China Reassesses construction after quake.
page B4: China's cash-rich banks are showing their appetite: China Merchants Bank has been selected as the preferred bidder for Hong Kong's Wing Lung Bank.
page B14: Dollar Ends Week lower: Decline on stocks; inflation concerns spur currency's fall.
New York Times AD:
www.the children of Hunag Shi.com. Based on a true story from China at the time of the second Long March.
Washington Post,May 24, 2008
Taiwan,Mainland Natives Share Concern for Quake Victims in USA:
Tragedy tends to bring out the best in people, and our community is no exception.
We speak the same languages. We eat the same foods. We'e all Chinese in ethnicity.
My comment in Pin Yin:
"Wan zhong yi xin" and "Wen cao zuo quan" Meaning: To unite and to win.
Francis Shieh a.k.a. Xie Shihao, a watcher of Sino-American Economics i.e. everything under the sun and under the moon would be in economics with equal opportunity of human rights in USA and in China for ordinary folks. May 25, 2008
Saturday, May 24, 2008
"Discover Your Inner Economist" by Tyler Cowen
The author is Professor of Economics at George Mason University, a charming, smart and creative blogger at martginalrevolution.com,the world's leading economics blog. He is a cultural vulture with expertise in Chinese cuisine and not a Prof.Scam with abstruce knowledge of econometrics.
This professor is a rare bird and an entertaining writer and a deeply humane thinker. Thinking better can actually help us live better and smarter. Turning economic reasoning to your advantage is the key to successful and satisfactory daily interactions to attain a happier and a more satisfying life. What better fortune cookie could you ask for? The central concept of economics is not money but rather incentives(or initiatives as well?) An incentive can be money but it can also be an act of devotion or mantra et al. Money cannot buy love,respect or peace of mind. The real purpose of economics is to set more of the good things in life i.e. to maximize and to optimize all situations at our finger tips. Economics takes folks from want and misery(earthquake) to health and plenitude.(completeness,abundance and entirety)after reconstruction in Sichuan,China. Olympics would be impressive in Beijing, August 2008 and Shanghai Expo in 2010.
David Friedman,authoir of Holden Order: The Economics of Everyday Life.
Steven Landsburg, author of Fair Play.
Both promote economics as a tool of universal reasoning.
Francis Shieh encourages "Yi ren wei ben" in Pin Yin, based on homosapiens as the be-all and end-all of the goal for humanity. We apply the ideas of our personal allocation of time resource:
Daily Function is equal to: S+NS(Sleep + non-sleep time) over Time Constraint and we are the decision makers to allocate our time for this or for that kind of activity everyday.
Equation of Happiness: Not material consumption over desire as the numerator but we must add intellectual pursuit,spiritual satisfaction and good health in the numerator over the desire as denominator in a fraction. Simple enough?
Applied economics is as much of an art as a science. Chinese language is a form of art re calligraphy and a form of music apropos of the four tones of Mandarin. Cf."A Glimpse of the Chinese Language" in English www.rand.org for reference.
Economists have wonderful theories but which theory is relevant? "Work and Study Cycle Theory" may be validated and implemented in USA and in China. Cf.www.ask.com for information.
I would highly recommend Prof. Tyler Cowen's wonderful book to all the readers online as I do admire his lively scholarship to be able to share his wisdom to students for the true nature of economics in a nutshell.
Francis Shieh a.k.a. Xie Shihao,an octogenarian student of economics since early 1940s at St. John's University in Shanghai, China. May 24, 2008
This professor is a rare bird and an entertaining writer and a deeply humane thinker. Thinking better can actually help us live better and smarter. Turning economic reasoning to your advantage is the key to successful and satisfactory daily interactions to attain a happier and a more satisfying life. What better fortune cookie could you ask for? The central concept of economics is not money but rather incentives(or initiatives as well?) An incentive can be money but it can also be an act of devotion or mantra et al. Money cannot buy love,respect or peace of mind. The real purpose of economics is to set more of the good things in life i.e. to maximize and to optimize all situations at our finger tips. Economics takes folks from want and misery(earthquake) to health and plenitude.(completeness,abundance and entirety)after reconstruction in Sichuan,China. Olympics would be impressive in Beijing, August 2008 and Shanghai Expo in 2010.
David Friedman,authoir of Holden Order: The Economics of Everyday Life.
Steven Landsburg, author of Fair Play.
Both promote economics as a tool of universal reasoning.
Francis Shieh encourages "Yi ren wei ben" in Pin Yin, based on homosapiens as the be-all and end-all of the goal for humanity. We apply the ideas of our personal allocation of time resource:
Daily Function is equal to: S+NS(Sleep + non-sleep time) over Time Constraint and we are the decision makers to allocate our time for this or for that kind of activity everyday.
Equation of Happiness: Not material consumption over desire as the numerator but we must add intellectual pursuit,spiritual satisfaction and good health in the numerator over the desire as denominator in a fraction. Simple enough?
Applied economics is as much of an art as a science. Chinese language is a form of art re calligraphy and a form of music apropos of the four tones of Mandarin. Cf."A Glimpse of the Chinese Language" in English www.rand.org for reference.
Economists have wonderful theories but which theory is relevant? "Work and Study Cycle Theory" may be validated and implemented in USA and in China. Cf.www.ask.com for information.
I would highly recommend Prof. Tyler Cowen's wonderful book to all the readers online as I do admire his lively scholarship to be able to share his wisdom to students for the true nature of economics in a nutshell.
Francis Shieh a.k.a. Xie Shihao,an octogenarian student of economics since early 1940s at St. John's University in Shanghai, China. May 24, 2008
Impressive Face of China:WashPost,5/24/08 A21
Elizabeth Liptak, director of Washington Literacy Council and Robert Litwak, director of International Security Studies at the Woodrow Wilson Center in Washington,DC wrote a positive article to praise China as published in the Washington Post on page A21,May 24, 2008. I am delighted to read such truthful assessment of China with pleasure. www.washpost.com for details.
"In 11 weeks, the world's attention will once again focus on China. We will watch the Summer Olympics with vivid recollections of the courage and generosity of the Chinese people. Their kindness to us was unfailing, even as their nation suffered this staggering tragedy." Such observation is exactly what I have in mind about China and the folks in China.
Here is an evidence of Sino-American Economics of Faith,Hope and LOVE.
Francis Shieh a.k.a. Xie Shihao on May 24, 2008
"In 11 weeks, the world's attention will once again focus on China. We will watch the Summer Olympics with vivid recollections of the courage and generosity of the Chinese people. Their kindness to us was unfailing, even as their nation suffered this staggering tragedy." Such observation is exactly what I have in mind about China and the folks in China.
Here is an evidence of Sino-American Economics of Faith,Hope and LOVE.
Francis Shieh a.k.a. Xie Shihao on May 24, 2008
Lively spree for savvy economists to spread the words
Some economists question the fundamental assumptions of free market system. Those who have doubts may be considered deluded by others.(sic) But economics has extra magnitude with varied dimensions+++ i.e. all roads lead to the interpretations of economics as I would view economics obliquely but never a so-called apostate. Books have been published in this regard such as "freakonomics" et al. Xie Shihao in Pin Yin may be known in different Chinese characters: It may mean "viewing economics indirectly from other points correctly." The truth is that economics may be multi-dimensional. In this connection,China's successful market system re high rate of growth with Chinese characteristics is a case in point. I sent my previous blog apropos to "one nation,two systems" Such innovative idea should be explored re Hong Kong and eventually to Taiwan as well as I would envision in the 21st century.
Francis Shieh a.k.a. Xie Shihao,thanks from poetic hero in Chinese characters in Pin Yin. Such Chinese characters are different from "looking from the sides" as mentioned above to interpret economics. Xie Shihao in Pin Yin may also mean "good explanations" or "humor is good" in different Chinese characters.
If the readers of my blogs are flummoxed,it would be OK due to the very nature of economics and the Pin Yin system of alphabets to be phonetically similar but not identical to different Chinese characters. For details,see "A Glimpse of the Chinese Language" in English. Cf. www.rand.org for reference. Economics is fun and the Chinese Mandarin is fun. That is the reason I claim to be a lifelong student of economics and the Chinese language as an octogenarian. Needless to say,I am also a student of English otherwise I would not be able to send my blogs in English. You cannot agree with me more!? But not you cannot disagree with me more? Hehehahahoho all the way and we shall live to be centenarians +++. Plus is Plus is Plus!!! Xie Shihao. May 24, 2008 at 7.40 a.m.
Francis Shieh a.k.a. Xie Shihao,thanks from poetic hero in Chinese characters in Pin Yin. Such Chinese characters are different from "looking from the sides" as mentioned above to interpret economics. Xie Shihao in Pin Yin may also mean "good explanations" or "humor is good" in different Chinese characters.
If the readers of my blogs are flummoxed,it would be OK due to the very nature of economics and the Pin Yin system of alphabets to be phonetically similar but not identical to different Chinese characters. For details,see "A Glimpse of the Chinese Language" in English. Cf. www.rand.org for reference. Economics is fun and the Chinese Mandarin is fun. That is the reason I claim to be a lifelong student of economics and the Chinese language as an octogenarian. Needless to say,I am also a student of English otherwise I would not be able to send my blogs in English. You cannot agree with me more!? But not you cannot disagree with me more? Hehehahahoho all the way and we shall live to be centenarians +++. Plus is Plus is Plus!!! Xie Shihao. May 24, 2008 at 7.40 a.m.
Friday, May 23, 2008
For workers and consumers:USA and China
Business Week, May 26, 2008 page 011
Rethinking Capitalism: "Adam Smith is probably dead. Maybe it is time to revisit Karl Marx." Said by Turkey's Ishak Alaton, the most prominent capitalist, CEO of Alarko Holding an 800 million conglomerate, is profiled in the May 4th issue of Business Week. Alaton believes firms worldwide must do more to bridge growing chasm between the haves and havenots - Businesses need to maximize the wellbeing of their own workers and consumers as a whole. Call it Alaton's spin on Das Kapital.
My comment: Economic systems do not matter much, the more meaningful goal is for the wellbeing of workers and consumers in USA and in China. Both nations are working for the wellbeing of workers and consumers especially during the election year 2008 in USA from the campaign speeches. There is the common ground for leaders to pay attention to the grassroots in the 21st century.
Francis Shieh a.k.a. Xie Shihao, a student of economics hoping to witness a better society for the people in USA and people in China in the days to come. May 23, 2008
Rethinking Capitalism: "Adam Smith is probably dead. Maybe it is time to revisit Karl Marx." Said by Turkey's Ishak Alaton, the most prominent capitalist, CEO of Alarko Holding an 800 million conglomerate, is profiled in the May 4th issue of Business Week. Alaton believes firms worldwide must do more to bridge growing chasm between the haves and havenots - Businesses need to maximize the wellbeing of their own workers and consumers as a whole. Call it Alaton's spin on Das Kapital.
My comment: Economic systems do not matter much, the more meaningful goal is for the wellbeing of workers and consumers in USA and in China. Both nations are working for the wellbeing of workers and consumers especially during the election year 2008 in USA from the campaign speeches. There is the common ground for leaders to pay attention to the grassroots in the 21st century.
Francis Shieh a.k.a. Xie Shihao, a student of economics hoping to witness a better society for the people in USA and people in China in the days to come. May 23, 2008
Sino-American Economics of Eleemosynary work
Washington Post,May 23, 2008 page A1,A14: The Center on Philanthropy provided the estimate for the earthquake in China - $30.9 million.
Charities said they are expecting more donations,particularly from Chinese Americans, who are pooling resources to help in the earthquake's aftermath.
"We are seeing a mobilization of Chinese Americans and the Chinese diaspora that I have never seen before." said Randy Strash,emergency response director for Christian Charity World Vision. "These people are going to be suffering for a long time." said Elizabeth Griffin, a spokeswoman for Catholic Relief Services. In China, the government has mobilized its military and resources in an extraordinarily public display of aid to an estimated 5 million displaced folks. In the first three days after the quake, Chinese citizens reportedly donated $192 million to show unity of sympathy as compatriots. Keep up such humanitarian effort in the name of humanity.
Francis Shieh a.k.a. Xie Shihao,a supporter impressed by such selfless deeds with kindness as a fellow human being. May 23, 2008.
Charities said they are expecting more donations,particularly from Chinese Americans, who are pooling resources to help in the earthquake's aftermath.
"We are seeing a mobilization of Chinese Americans and the Chinese diaspora that I have never seen before." said Randy Strash,emergency response director for Christian Charity World Vision. "These people are going to be suffering for a long time." said Elizabeth Griffin, a spokeswoman for Catholic Relief Services. In China, the government has mobilized its military and resources in an extraordinarily public display of aid to an estimated 5 million displaced folks. In the first three days after the quake, Chinese citizens reportedly donated $192 million to show unity of sympathy as compatriots. Keep up such humanitarian effort in the name of humanity.
Francis Shieh a.k.a. Xie Shihao,a supporter impressed by such selfless deeds with kindness as a fellow human being. May 23, 2008.
Vocational education: Sino-American Economics of Training
Washington,DC school system officials are upgrading vocational education,renaming it career and technical education and incorporating a college-prep track as reported by briefing published by the WashPost,May 13, 2008 on page B4.
For elaborations in details,the following references are recommended:
1. Keys for Economic Understanding. 1971.
2. Keys to Economic Understanding. 1976. Cf. www.ask.com for information.
The guidelines call for more rigorous courses to better prepare students for college, especially the role of community colleges as stressed by US Presidential candidates in their campaign speeches to solve the unemployment problems having marketable skills. British Prime Minister cited the same at C-Span Radio lately. No wonder "Keys for Economic Understanding" is published in UK as well. The book is listed at www.Borders.com when clicking on Used Books.
It is a known fact that China needs gray-collar workers,i.e. paraprofessionals;neither white collar, nor blue collar workers especially in major cities such as Shanghai as I read the reports.
Introducing Jim Webb's "A Time to Fight" - Reclaiming a Fair and Just America. Senator Jim Webb tells his remarkable story and sets forth bold ideas to get America back on track again. It is provocative,power and personal since he is a proud member of a working class family, a decorated Marine who rose to become Secretary of the Navy and a US Senator. He expects to close the gap between the very rich and the middle class. My comment: I believe that the middle class is the background of any nation. That maybe the common cause for USA and China in the 21st century.
Here we can see the common goal to train the skilled labor as human capital for humanity apropos of globalization.
Francis Shieh a.k.a. Xie Shihao,an advocate for skilled labor training in the United States and in China for the same cause. Purdue University sponsors apprenticeship conference annually and I support such efforts to upgrade labor from ordinary folks regardless the economic systems. May 23, 2008
For elaborations in details,the following references are recommended:
1. Keys for Economic Understanding. 1971.
2. Keys to Economic Understanding. 1976. Cf. www.ask.com for information.
The guidelines call for more rigorous courses to better prepare students for college, especially the role of community colleges as stressed by US Presidential candidates in their campaign speeches to solve the unemployment problems having marketable skills. British Prime Minister cited the same at C-Span Radio lately. No wonder "Keys for Economic Understanding" is published in UK as well. The book is listed at www.Borders.com when clicking on Used Books.
It is a known fact that China needs gray-collar workers,i.e. paraprofessionals;neither white collar, nor blue collar workers especially in major cities such as Shanghai as I read the reports.
Introducing Jim Webb's "A Time to Fight" - Reclaiming a Fair and Just America. Senator Jim Webb tells his remarkable story and sets forth bold ideas to get America back on track again. It is provocative,power and personal since he is a proud member of a working class family, a decorated Marine who rose to become Secretary of the Navy and a US Senator. He expects to close the gap between the very rich and the middle class. My comment: I believe that the middle class is the background of any nation. That maybe the common cause for USA and China in the 21st century.
Here we can see the common goal to train the skilled labor as human capital for humanity apropos of globalization.
Francis Shieh a.k.a. Xie Shihao,an advocate for skilled labor training in the United States and in China for the same cause. Purdue University sponsors apprenticeship conference annually and I support such efforts to upgrade labor from ordinary folks regardless the economic systems. May 23, 2008
Thursday, May 22, 2008
USAToday,May 22,08 WashPost,5/22/08 on China
USAToday,May 22nd page 6A: Headlines: American aid group draws hundreds asking to help Heart to Heart sees outpouring of volunteerism. Healp for quake victims with Photo: A Shanghai entrepreneur volenteers with US aid group Heart to Heart International tries to match clothes with people who would fit in them. Reconstruction takes a long time even months to come. Another evidence of Sino-American cooperation.
Page B1 Headlines: Spiraling oil prices could skewer stocks. Drag on consumers,economy,profits feared. Slowdown or recession. Let us wait and see!
Washington Post,May 22, 2008 C1C3: National Public Radio's earthquake coverage raises radio's voice. Such program is done in Washington and also on ABC,NBC,CNN, PBS and Canadian TV networks. China is under the spotlights in the world,indeed!
People all over the world are paying attention to China's earthquake and will pay attention to China in August for Olympics
Francis Shieh a.k.a. Xie Shihao,a reader watching China in major newspapers to keep abreast of current developments as a blogger. May 22, 2008 at 9.42 p.m.
Page B1 Headlines: Spiraling oil prices could skewer stocks. Drag on consumers,economy,profits feared. Slowdown or recession. Let us wait and see!
Washington Post,May 22, 2008 C1C3: National Public Radio's earthquake coverage raises radio's voice. Such program is done in Washington and also on ABC,NBC,CNN, PBS and Canadian TV networks. China is under the spotlights in the world,indeed!
People all over the world are paying attention to China's earthquake and will pay attention to China in August for Olympics
Francis Shieh a.k.a. Xie Shihao,a reader watching China in major newspapers to keep abreast of current developments as a blogger. May 22, 2008 at 9.42 p.m.
New York Times,May 22, 2008 page A26
A slap at the Dalai Lama in the wake of China's earthquake. The world goes to China's leadership for helping Chinese people.
The shift is tectonic in China's favor with dedicated efficiency for saving the lives of victims in China. Such effort deserves praise and respect from international community.
The quake has evoked global sympathy and empathy for China.
As the Dalai Lama toured European capitals, the British Prime Minister closed the door to 10 Dowing Street and agreed to meet Dalai Lama only as part of an interfaith dialogue. It is known that Dalai Lama is a politician but claims to be a religious leader. His intent to be a separatist has failed because the whole world sees one China and Chinese people suffered from earthquake with the help of Chinese authorities and other good-hearted leaders and folks all over the world.
Francis Shieh a.k.a. Xie Shihao,an octogenarian student to watch the positive image of China in the world for benefits of economics as a epitome of China for humanity. May 22, 2008
The shift is tectonic in China's favor with dedicated efficiency for saving the lives of victims in China. Such effort deserves praise and respect from international community.
The quake has evoked global sympathy and empathy for China.
As the Dalai Lama toured European capitals, the British Prime Minister closed the door to 10 Dowing Street and agreed to meet Dalai Lama only as part of an interfaith dialogue. It is known that Dalai Lama is a politician but claims to be a religious leader. His intent to be a separatist has failed because the whole world sees one China and Chinese people suffered from earthquake with the help of Chinese authorities and other good-hearted leaders and folks all over the world.
Francis Shieh a.k.a. Xie Shihao,an octogenarian student to watch the positive image of China in the world for benefits of economics as a epitome of China for humanity. May 22, 2008
Middle Class Jitters: WashPost,May 22, 08 page A25
"We middle-class Americans are in a funk. The overarching economic narrative of the campaign is the idea that life for the middle class has grown more difficult. More than half of Americans believe they either have not moved ahead in the past 5 years or have fallen behind. Such is the most downbeat assessment of personal progress in nearly half a century." Robert J. Samuelson wrote in his relevant article today.
"It is not that Americans have lost their optimism.: He said. "There is an underlying disenchantment that seems to predate today's higher oil prices, falling home values and declining employment." My comment: Elan,Yeah but Ennui,Nay!
"Almost all Americans consider themselves middle class. The prevalence of middle-class ambitions and values creates a vexing contradiction: The advances in living standards that Americans expect require a flexible and competitive economy that weakens the security and stability that Americans also expect.
My comment: It is a matter of priority as published in Econ. textbooks.
How to expect a flexible and competitive economy? We must invest in human resources i.e. to supply the demand of a changing society by having marketable skills as I sent my previous blogs.
Francis Shieh a.k.a. Xie Shihao, a student of humanistic economics on May 22, 2008
"It is not that Americans have lost their optimism.: He said. "There is an underlying disenchantment that seems to predate today's higher oil prices, falling home values and declining employment." My comment: Elan,Yeah but Ennui,Nay!
"Almost all Americans consider themselves middle class. The prevalence of middle-class ambitions and values creates a vexing contradiction: The advances in living standards that Americans expect require a flexible and competitive economy that weakens the security and stability that Americans also expect.
My comment: It is a matter of priority as published in Econ. textbooks.
How to expect a flexible and competitive economy? We must invest in human resources i.e. to supply the demand of a changing society by having marketable skills as I sent my previous blogs.
Francis Shieh a.k.a. Xie Shihao, a student of humanistic economics on May 22, 2008
Crude oil price is zooming up? Blame OPEC?
Presidential candidates cite current higher oil prices,jobs,wages and war et al. Is the world run by economists? NO! However,political leaders need economic advice to make policies and economic issues are always at the core. Law and Economics are linked apropos of policies. "Keys for Economic Understanding"(1971) published with the focus of "yi ren wei ben" in Pin Yin i.e. stressing human resources with education and training to enhance productivity. Robert Eisner, professor of economics emeritus at Northwestern University and a past president of the American Economic Association published the same rationale in the Wall Street Journal, July 29, 1998 on page A14. This endorsement is clear evidence of the need of the common goal of USA and China. Such insightful wisdom is bound to prevail. I found out a week ago that "Keys for Economic Understanding" is also published in UK. "Work and Study Cycle Theory" is also published in Ann Arbor,Michigan and London,UK. Cf. www.ask.com for reference. In the globalized economy, American economic wellbeing depends on China's growth and the open society for trade to benefit consumers of other nations as well to validate the Law of Comparative Advantage. China's market system is to be compared with American economic system with the understanding of externalities beyond the supply and demand curves due to market failures. "One nation,two systems" can be validated by conceptual understanding of the equilibrium point to correspond with the society's production possibility curve. (Cited in Harvard professor Richard Gill's textbooks) Lectured in Hong Kong as a Fulbright Senior Scholar and published by St.John's University Alumni Association in February 1990.
The earthquake is known to be a disaster but reconstruction is definitely the goal in economic development. Sino-American economics will be more in evidence in the days to come for mutual benefits as observed by others published in WSJ several days ago.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student of economics on Thursday,May 22, 2008.
The earthquake is known to be a disaster but reconstruction is definitely the goal in economic development. Sino-American economics will be more in evidence in the days to come for mutual benefits as observed by others published in WSJ several days ago.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student of economics on Thursday,May 22, 2008.
Wednesday, May 21, 2008
Sequel to "self-indulgent culture"
Washington Post,May 21, 2008 page C1:
"The Internationalist checks Americans' cultural baggage.
The comedy for the age of globalization. The notion that playwright Anne Washburn toys with in her diverting work at Studio Theatre has to do with Americans' sense of cultural superiority and how quickly arrogance melts away when one is forced to play by the rules of an ever more confident rest of the world.
Perhaps the above paragraph can be applied to Sino-American Economics of Pride and Prejudice in the light vein.
Page C10: Book World:
Bush's Law: The remaking of American justice by Eric Lichtblau Pantheon 349 pp. $26.95
Bush administration employed its war on terror to mask the most radical remaking of American justice in generations. The reviewer Ben Wittes is a fellow and a research director at the Brookings Institution and the author of the forthcoming "Law and the Long War": The Future of Justice in the Age of Terror.
Francis Shieh a.k.a. Xie Shihao, an avid learner of economics and law in America with the understanding of changes i.e. Move on America and Move on China for mutual advantages to move and move and move... May 21, 2008
"The Internationalist checks Americans' cultural baggage.
The comedy for the age of globalization. The notion that playwright Anne Washburn toys with in her diverting work at Studio Theatre has to do with Americans' sense of cultural superiority and how quickly arrogance melts away when one is forced to play by the rules of an ever more confident rest of the world.
Perhaps the above paragraph can be applied to Sino-American Economics of Pride and Prejudice in the light vein.
Page C10: Book World:
Bush's Law: The remaking of American justice by Eric Lichtblau Pantheon 349 pp. $26.95
Bush administration employed its war on terror to mask the most radical remaking of American justice in generations. The reviewer Ben Wittes is a fellow and a research director at the Brookings Institution and the author of the forthcoming "Law and the Long War": The Future of Justice in the Age of Terror.
Francis Shieh a.k.a. Xie Shihao, an avid learner of economics and law in America with the understanding of changes i.e. Move on America and Move on China for mutual advantages to move and move and move... May 21, 2008
US asks China to join global energy group
Wall Street Journal,May 21, 2008 page A8: US official announced the request in Beijing saying it could booster the International Energy Agency's ability to weather soaring energy prices. With China, IEA, currently made up largely of the world's richest nations could become less relevant in the 21st century. Inviting China and to rewrite the Charter of IEA for China to join as a developing but important nation.
Mr. Sullivan said:" IEA collective energy response system would enhance US-Chinese global security."
Page A15: China tries to help its homeless afer earthquake. My comment: US tried to help homeless after Katrina in New Orleans and tries to help the homeless without quakes. That is the common goal of both nations!
Francis Shieh a.k.a. Xie Shihao is aware of the homeless in both nations. May 21, 2008
Mr. Sullivan said:" IEA collective energy response system would enhance US-Chinese global security."
Page A15: China tries to help its homeless afer earthquake. My comment: US tried to help homeless after Katrina in New Orleans and tries to help the homeless without quakes. That is the common goal of both nations!
Francis Shieh a.k.a. Xie Shihao is aware of the homeless in both nations. May 21, 2008
Tuesday, May 20, 2008
Wall Street Journal, May 20, 2008 with comments
Page A15: President-elect MA in Taiwan to open new era,seeking closer China tie for economic cooperation. My comment: Such approach would reduce any conflict in the years to come as some people imagined for cross-strait relations. Moreover,Taiwan sent volunteers to rescue victims of earthquake several days ago. Good deeds for Chinese ethnic sympathy and empathy.
Page A22: Steve wrote: It makes no sense for US to try to compete with China in labor-intensive manufacturing for competitive advantage. On the other hand,China is in no position to compete with USA for high tech weaponry. My comment: Since we are living in the nuclear age,the only smart way is to seek peace and development for humanity.
Page A22: Warren Scharf wrote: "Our self-indulgent culture and equally self-indulgent politics will have to undergo major change if the US is to maintain its preeminent world position." This sounds like a campaign statement!
I do agree with such insightful reasoning as a fellow educator to share with such light for thoughts with wisdom.
Francis Shieh a.k.a. Xie Shihao, an educator since 1945. May 20, 2008
Page A22: Steve wrote: It makes no sense for US to try to compete with China in labor-intensive manufacturing for competitive advantage. On the other hand,China is in no position to compete with USA for high tech weaponry. My comment: Since we are living in the nuclear age,the only smart way is to seek peace and development for humanity.
Page A22: Warren Scharf wrote: "Our self-indulgent culture and equally self-indulgent politics will have to undergo major change if the US is to maintain its preeminent world position." This sounds like a campaign statement!
I do agree with such insightful reasoning as a fellow educator to share with such light for thoughts with wisdom.
Francis Shieh a.k.a. Xie Shihao, an educator since 1945. May 20, 2008
Earthquake in Sichuan Province,China.WashPost,May 20,08
:Kang zhen jiu zai"
"Quan qiu zhu mu"
"Di zhen zai qu"
"Zheng jiu tong bao"
"Tong zhou gong ji"
"Ai de feng xian"
"Jian qiang xin xin"
"Qi dao ping an"
The above Chinese expressions in Pin Yin represent my sentiments towards the sad event in motherland.
Washington Post,May 20, 2008 page D1,D3: Cisco Systems seeking Chinese market.
Chinese characters with English: Golden Shield Project: Monitoring and control System for Public Internet Information Security.
If interested,you may be able to read www.Washpost.com online for details.
I am delighted to see Chinese characters published today to encourage readers to be alerted to the beauty of the Chinese characters as a form of art and 4 tones in Pin Yin as a form of music. Cf. www.rand.org re "A Glimpse of the Chinese Language" for details if interested.
Francis Shieh a.k.a. Xie Shihao,a promoter of the Chinese language for educational purpose re cultural enlightment and personal enrichment. May 20, 2008
"Quan qiu zhu mu"
"Di zhen zai qu"
"Zheng jiu tong bao"
"Tong zhou gong ji"
"Ai de feng xian"
"Jian qiang xin xin"
"Qi dao ping an"
The above Chinese expressions in Pin Yin represent my sentiments towards the sad event in motherland.
Washington Post,May 20, 2008 page D1,D3: Cisco Systems seeking Chinese market.
Chinese characters with English: Golden Shield Project: Monitoring and control System for Public Internet Information Security.
If interested,you may be able to read www.Washpost.com online for details.
I am delighted to see Chinese characters published today to encourage readers to be alerted to the beauty of the Chinese characters as a form of art and 4 tones in Pin Yin as a form of music. Cf. www.rand.org re "A Glimpse of the Chinese Language" for details if interested.
Francis Shieh a.k.a. Xie Shihao,a promoter of the Chinese language for educational purpose re cultural enlightment and personal enrichment. May 20, 2008
Monday, May 19, 2008
Another China Trade Opportunity by Jeremy Haft
Wall Street Journal,May 19, 2008 page A13: U.S. exports could soon boom even more. In the months to come, China's central and provincial governments will spend billions to remake hospitals,commercial and power networks,road and infrastructure dams and water treatment facilities, factories, schools and houses. China's demand will help absorb the shock of our solvency crises. China is essentially America's economic alter ego. China will keep buying more and more from America. America and China's interests are aligned. My comment: I do concur with such rationale published in the WSJ today as the identical reasoning apropos Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao. May 19, 2008 at 1.45 p.m.
Francis Shieh a.k.a. Xie Shihao. May 19, 2008 at 1.45 p.m.
China Earthquake: Economic Tremors to follow?
Washington Post,May 19, 2008 page A13:
The most critical global economic issue may be the impact on oil prices. On May 16,2008,crude jumped to $128 a barrel in New York on speculation that China,the world's second largest consumers, after the USA,would have to increase imports because of energy short falls,resulting from earthquake damage.
Chinese officials announced the unusual measure of releasing tens of thousands of tons of grains and vegetable oil from national reserves. Such timely action is to be commended for the wellbeing of people in China.
Lehman Brothers research report stated that although the analyst did not expect significant disruption in agricultural production, the crisis could still exacerbate panics on rice supply given shortages in the global rice market. My comment: That remains to be seen if the rice price would be rising further in the days to come.
Francis Shieh a.k.a. Xie Shihao is very much concerned about the price of rice. May 19, 2008
The most critical global economic issue may be the impact on oil prices. On May 16,2008,crude jumped to $128 a barrel in New York on speculation that China,the world's second largest consumers, after the USA,would have to increase imports because of energy short falls,resulting from earthquake damage.
Chinese officials announced the unusual measure of releasing tens of thousands of tons of grains and vegetable oil from national reserves. Such timely action is to be commended for the wellbeing of people in China.
Lehman Brothers research report stated that although the analyst did not expect significant disruption in agricultural production, the crisis could still exacerbate panics on rice supply given shortages in the global rice market. My comment: That remains to be seen if the rice price would be rising further in the days to come.
Francis Shieh a.k.a. Xie Shihao is very much concerned about the price of rice. May 19, 2008
Epitome of folks in China: "Zhong Zhi Cheng Cheng"
In Pin Yin "Zhong Zhi Cheng Cheng" i.e. four Chinese characters as embodiment of Chinese with sympathy and empathy of folks all over the world as fellow homosapiens.
In English,there may be three interpretations:
1. United we stand.
2. Unity is strength.
3. Unity is the road to victory.
Have your own pick for "Zhong Zhi Cheng Cheng." in Pin Yin as phonetic alphabets to describe the epitome in China today. Reconstruction is on the way!
Starting May 19, 2008 and May 20th ant May 21st,national mourning for the victims with half flag and 3-minute silence to pay respect to the victims of earthquake.
Moreover,I would use the following 16 Chinese characters in Pin Yin for your reference apropos of Sino-American Economics of Disaster with repercussions.
1. Da Dao Kuo Fu.
2. Da Xian Sheng Tong.
3. Bu Qu Bu Nao.
4. Da Kuai Ren Xin.
I have reason to believe that the above would be endorsed by the readers who know Pin Yin and your kind comments would be greatly appreciated.
Francis Shieh a.k.a. Xie Shihao, a student of Pin Yin as elaborated in "A Glimpse of the Chinese Language" www.rand.org for reference if warranted.
Thanks for your understanding and have a great day,everyday. May 19, 2008
In English,there may be three interpretations:
1. United we stand.
2. Unity is strength.
3. Unity is the road to victory.
Have your own pick for "Zhong Zhi Cheng Cheng." in Pin Yin as phonetic alphabets to describe the epitome in China today. Reconstruction is on the way!
Starting May 19, 2008 and May 20th ant May 21st,national mourning for the victims with half flag and 3-minute silence to pay respect to the victims of earthquake.
Moreover,I would use the following 16 Chinese characters in Pin Yin for your reference apropos of Sino-American Economics of Disaster with repercussions.
1. Da Dao Kuo Fu.
2. Da Xian Sheng Tong.
3. Bu Qu Bu Nao.
4. Da Kuai Ren Xin.
I have reason to believe that the above would be endorsed by the readers who know Pin Yin and your kind comments would be greatly appreciated.
Francis Shieh a.k.a. Xie Shihao, a student of Pin Yin as elaborated in "A Glimpse of the Chinese Language" www.rand.org for reference if warranted.
Thanks for your understanding and have a great day,everyday. May 19, 2008
Sunday, May 18, 2008
New York Times May 17, 2008 page A26
Excess Money,Deficits and the Higher Prices of Oil.
One view: Steve Forbes of Forbes media wrote: Supply and Demand as the primary cause of high oil prides? Keynes observed that not one person in a million will understand the inflationary process in play. Everyone is pointing fingers at China,India,greedy oil firms and powerful speculators. No one knows when the bubble will pop. But pop it will.
Second View: Alfred Kahn,emeritus Prof. of Econ. at Cornell: Growing long-term imbalance between supply and demand worldwide and the decline in the value of US$ vis-a-vis Euro. Explosion of deficits is attributable to Americans trying to live far beyond our means in government and individuals. (Public and Private sectors)
I have been stressing the lifestyle of Americans reflected in the economy for decades in classrooms and in my past blogs re my recommendation to dampen or lower the Desire in the denominator of a fraction for Happiness Formula Cf. my previous blogs. Since material consumption requires money and folks are mortgaging our future via overspending as lifestyle subject to ad in the media. "Enjoy now and pay later" becomes the buzz expression!
Wall Street Journal May 17-18 issue re The consolation from philosophy as deeper questions rather than temptation. Such letter to the editor wins my support for the economy.
Francis Shieh a.k.a. Xie Shihao,a student of philosophy relating to economics. May 18, 2008
One view: Steve Forbes of Forbes media wrote: Supply and Demand as the primary cause of high oil prides? Keynes observed that not one person in a million will understand the inflationary process in play. Everyone is pointing fingers at China,India,greedy oil firms and powerful speculators. No one knows when the bubble will pop. But pop it will.
Second View: Alfred Kahn,emeritus Prof. of Econ. at Cornell: Growing long-term imbalance between supply and demand worldwide and the decline in the value of US$ vis-a-vis Euro. Explosion of deficits is attributable to Americans trying to live far beyond our means in government and individuals. (Public and Private sectors)
I have been stressing the lifestyle of Americans reflected in the economy for decades in classrooms and in my past blogs re my recommendation to dampen or lower the Desire in the denominator of a fraction for Happiness Formula Cf. my previous blogs. Since material consumption requires money and folks are mortgaging our future via overspending as lifestyle subject to ad in the media. "Enjoy now and pay later" becomes the buzz expression!
Wall Street Journal May 17-18 issue re The consolation from philosophy as deeper questions rather than temptation. Such letter to the editor wins my support for the economy.
Francis Shieh a.k.a. Xie Shihao,a student of philosophy relating to economics. May 18, 2008
US-China Trade on mini page and China Mourns
The mini Page for kids on Trade: Law of Comparative Advantage should be known to those who are inclined to endorse protectionism. Free trade is beneficial to all folks in all nations.
Page B3:China Mourns The Popular Poems cited in China article by Matthew Forney: My comment: Pianjian ying xiang mei liao jie 1/4 zuo you renlei wenhua: xuexiao mei you zhong guo wenhua kecheng i.e. Bias Influence -lacking of understanding re 1/4+- of human race : no curriculum to learn Chinese culture.
Francis Shieh a.k.a. Xie Shihao. May 18, 2008
Page B3:China Mourns The Popular Poems cited in China article by Matthew Forney: My comment: Pianjian ying xiang mei liao jie 1/4 zuo you renlei wenhua: xuexiao mei you zhong guo wenhua kecheng i.e. Bias Influence -lacking of understanding re 1/4+- of human race : no curriculum to learn Chinese culture.
Francis Shieh a.k.a. Xie Shihao. May 18, 2008
Saturday, May 17, 2008
"Adam the King" by Jeffrey Lewis Other.212 pp.$21.95
WashPost's Book World,May 18, 2008 on page 7 Dedicated to the readers of VIRTUAL WORLD:
FICTION: Happiness at Any Cost: Once again, the rich prove to be different from the rest of us. Reviewed by Ron Charles a senior editor of Book World. He can be reached at charlesr@washpost.com
Fortunately, there aren't many of these passages, and they can't ruin this moving story about a lucky man who just wanted love and thought,briefly, that he'd found it.
FAITH,HOPE and LOVE as my recommended search for our way of life.
Happiness is NOT material consumption over desire only. Material consumption requires money. But we need intellectual pursuit,spiritual satisfaction plus good health for the numerator and the desire of the denominator that may be dampened or lowered with the study of epistemology,cosmology and ontology.
Francis Shieh a.k.a. Xie Shihao on Saturday,May 17, 2008
FICTION: Happiness at Any Cost: Once again, the rich prove to be different from the rest of us. Reviewed by Ron Charles a senior editor of Book World. He can be reached at charlesr@washpost.com
Fortunately, there aren't many of these passages, and they can't ruin this moving story about a lucky man who just wanted love and thought,briefly, that he'd found it.
FAITH,HOPE and LOVE as my recommended search for our way of life.
Happiness is NOT material consumption over desire only. Material consumption requires money. But we need intellectual pursuit,spiritual satisfaction plus good health for the numerator and the desire of the denominator that may be dampened or lowered with the study of epistemology,cosmology and ontology.
Francis Shieh a.k.a. Xie Shihao on Saturday,May 17, 2008
The Post-American World by Fareed Zakaria
Just published by Norton. 291 pp. $25.95
After the Iraq war, Fareed Zakaria argued in his Newsweek column that the world's new organizing principle was pro-or anti-Americanism. But as the Iraq muddle drags on and China rises, the larger story of the post-Cold War era has come into sharp relief. We are not the center of the universe. My comment: China,the Middle Kingdom i.e. Zhong Guo is the center of the world in reference to economic growth rate.
Zakaria zooms in on Asia, especially India and China, which he uses as proxies for the rest. For the first time ever, we are witnessing genuinely global growth and how China's economy has doubled every eight years. Reviewed by Parag Khanna, a fellow at the New America Foundation and author of "The Second World."
Published by Book World of the Washington Post, May 18, 2008
After the Iraq war, Fareed Zakaria argued in his Newsweek column that the world's new organizing principle was pro-or anti-Americanism. But as the Iraq muddle drags on and China rises, the larger story of the post-Cold War era has come into sharp relief. We are not the center of the universe. My comment: China,the Middle Kingdom i.e. Zhong Guo is the center of the world in reference to economic growth rate.
Zakaria zooms in on Asia, especially India and China, which he uses as proxies for the rest. For the first time ever, we are witnessing genuinely global growth and how China's economy has doubled every eight years. Reviewed by Parag Khanna, a fellow at the New America Foundation and author of "The Second World."
Published by Book World of the Washington Post, May 18, 2008
Opening China by Peter M. Herford,teaching Journalism at Shantou University
Washington Post,May 17, 2008 page A17: Shantou is nearly 1,200 miles from the earthquake's epicenter. Xinhua News Agency has been pouring forth reports and AP,Reuters and Agence France-Presse have reporters in the field,working around the clock as well. CCTV has special reporting to the viewers. Chinese leaders have shown compassion and quickly go to the fields to lead the rescue operations after the earthquake and Chinese in large cities and overseas have made significant amount of donations from their good hearts. The realities of the Internet and the blogosphere are accepted by authorities with open minds. The writer was aware of the National People's Congress during the meetings with great interest for the participation of delegates for democracy. A bright spot in this tragedy is the free flow of information about the disaster. My comment: Such tragic events have stimulated national unity with ethnic mettle to take care of the folks in China. Moreover,international leaders are also interested in extending helping hands for humanitarian reasons. China is under the spotlight from such negative situation but such disaster has turned out to be positive in the eyes of the world for Chinese unity before Olympics. I have reason to believe that China will always be in the headlines in the days to come and folks in all nations have sympathy and empathy toward the victims. People of goodwill shall look forward for Olympics in the name of international sports competition in Beijing 2008 during August 2008.
Francis Shieh a.k.a. Xie Shihao,a student from China to reason positively for Sino-American Economics with global outlook for peace and goodwill. May 17, 2008
Francis Shieh a.k.a. Xie Shihao,a student from China to reason positively for Sino-American Economics with global outlook for peace and goodwill. May 17, 2008
Friday, May 16, 2008
Common Desire for kids in USA and in China
Disney's DGamer Enters the Crowded Virtual world:
The virtual sorlds of Mattel's Barbie Girls; Disney's DGamer,based on its "Prince Caspian" fims; knowledge adventure's jumpstart Advanced Preschool World; and Nickelodeon's Nicktropolis.
There are reports that Disneyland may be created in Shanghai. I happened to visit a Chinesekidsland in Suzhou in 1999 when I was teaching at Suzhou University.
Francis Shieh a.k.a. Xie Shihao. May 16, 2008
The virtual sorlds of Mattel's Barbie Girls; Disney's DGamer,based on its "Prince Caspian" fims; knowledge adventure's jumpstart Advanced Preschool World; and Nickelodeon's Nicktropolis.
There are reports that Disneyland may be created in Shanghai. I happened to visit a Chinesekidsland in Suzhou in 1999 when I was teaching at Suzhou University.
Francis Shieh a.k.a. Xie Shihao. May 16, 2008
Wall Street Journal,May 16, 2008 page A10
Princeton Economics Department Young Star - Wei Xiong from China:
He examined how investor's disparate belief "wanquanbuxiangtongde xinyang" in Pin Yin plus overconfidence lead to frequent trading in bubble periods. He used China's dual share class to study investors' speculative BEHAVIOR i.e."Xingwei" in Pin Yin. My comment: Behavior is the reflection of philosophy of life. Can we get rich quick to obtain happiness? As I sent my previous blogs: The ultimate test of achievement is the contribution a person has made to the goal of human happiness. What is happiness? A mindset? A reflection of human behavior from a person's educational background? Epistemology? The answer depends on your own reasoning,indeed! Can money buy happiness? Maybe so but maybe NOT?
Francis Shieh a.k.a. Xie Shihao on May 16, 2008
He examined how investor's disparate belief "wanquanbuxiangtongde xinyang" in Pin Yin plus overconfidence lead to frequent trading in bubble periods. He used China's dual share class to study investors' speculative BEHAVIOR i.e."Xingwei" in Pin Yin. My comment: Behavior is the reflection of philosophy of life. Can we get rich quick to obtain happiness? As I sent my previous blogs: The ultimate test of achievement is the contribution a person has made to the goal of human happiness. What is happiness? A mindset? A reflection of human behavior from a person's educational background? Epistemology? The answer depends on your own reasoning,indeed! Can money buy happiness? Maybe so but maybe NOT?
Francis Shieh a.k.a. Xie Shihao on May 16, 2008
The Science of Longevity: Human Capital of Health
How to live to be centenarians:
1. Diet: Eat fish and veggie preferably Chinese cuisine.
2. Exercise: Walking and stretching the body back and forth,upward and downward as you like it your way.
3. Do the squats. In Pin Yin,it would be "Dun Zuo" I learned such way when I was studying at Hautes Etudes near Beijing in 1939-42.
4. Genetic: In my genes. My uncle lived to his age of 99 short of 100 in Shanghai.
5. Alive and well with wisdom of positive scenario.
6. Optimistic viewpoint.
7. Be spiritual.
8. Be satisfied regardless of the situations.
9. Be happy and go lucky as our daily mantra song.
10. "Xie xie Lao Tian Ye" that we are in this mundane world to see the beauty of everything with proper epistomology and cosmology plus ontology.
Francis Shieh a.k.a. Xie Shihao, an octogenarian born in 1926. May 16, 2008
1. Diet: Eat fish and veggie preferably Chinese cuisine.
2. Exercise: Walking and stretching the body back and forth,upward and downward as you like it your way.
3. Do the squats. In Pin Yin,it would be "Dun Zuo" I learned such way when I was studying at Hautes Etudes near Beijing in 1939-42.
4. Genetic: In my genes. My uncle lived to his age of 99 short of 100 in Shanghai.
5. Alive and well with wisdom of positive scenario.
6. Optimistic viewpoint.
7. Be spiritual.
8. Be satisfied regardless of the situations.
9. Be happy and go lucky as our daily mantra song.
10. "Xie xie Lao Tian Ye" that we are in this mundane world to see the beauty of everything with proper epistomology and cosmology plus ontology.
Francis Shieh a.k.a. Xie Shihao, an octogenarian born in 1926. May 16, 2008
Thursday, May 15, 2008
"Working Longer" or "Teaching Longer"? That is the query!?
Wall Street Journal, May 15, 2008 on page A2: "There is a lot of happy talk around that we are going to have slowing in the rate of growth in young workers and, therefore,employers are going to want to hire older workers just at the time that older worders are going to want to work," says Boston College economist Alicia Munnell, coauthor of "Working Longer," a book to be published this month by the Brookings Institution, Washington, D.C.
I had the opportunity to start teaching in 1945 and I still taught in 2006-2007 when I was an octogenarian to validate the title of the new book:"Working Longer" However,when I am teaching in a class,I feel like having a vacation for my intellect. Consequently,I wish to modify my thought for "Teaching Longer" not "Working Longer" because working is different from teaching and teaching is learning twice. As such, learning is fun and is a vacation for me per se.
Thank you for reading my thoughts and have a great day,everyday! To me,everyday is a day of learning. We live and learn and I am a student forevermore.
Francis Shieh a.k.a. Xie Shihao on May 15, 2008
I had the opportunity to start teaching in 1945 and I still taught in 2006-2007 when I was an octogenarian to validate the title of the new book:"Working Longer" However,when I am teaching in a class,I feel like having a vacation for my intellect. Consequently,I wish to modify my thought for "Teaching Longer" not "Working Longer" because working is different from teaching and teaching is learning twice. As such, learning is fun and is a vacation for me per se.
Thank you for reading my thoughts and have a great day,everyday! To me,everyday is a day of learning. We live and learn and I am a student forevermore.
Francis Shieh a.k.a. Xie Shihao on May 15, 2008
Carlyle makes deal with Chinese Province: Shandong
WashPost,May 15, 2008 page D4: The Carlyle Group announced an agreement to stimulate trade and development in Shangdong Province,China. Shandong is an industrial and trade center with annual economic growth surpassing 14%. Carlyle is going to have first dibs on investment opportunities in a powerhouse province in China.
I stayed at the Guesthouse of Shandong University and lectured at Yantai University decades ago with fond memories.
On page B1 and B2: Oxon Hill High School Band taking a fast tempo to China for Olympic Celebration and the cost is $3,800 per person. Total cost is $265,000 and PG county offered $20,000. Such is another evidence of Sino-American Economics!
Francis Shieh a.k.a. Xie Shihao on May 15, 2008
I stayed at the Guesthouse of Shandong University and lectured at Yantai University decades ago with fond memories.
On page B1 and B2: Oxon Hill High School Band taking a fast tempo to China for Olympic Celebration and the cost is $3,800 per person. Total cost is $265,000 and PG county offered $20,000. Such is another evidence of Sino-American Economics!
Francis Shieh a.k.a. Xie Shihao on May 15, 2008
Wednesday, May 14, 2008
Famed investor Warren Buffett offer view on the US Economy
Warren Buffett thinks the FED did the right thing in stepping in on Bear Stearns. He and Berkshire Vice Chairman Charles Munger talked humorously on investing, the economy and life. Buffett is 77 and Munger is 80 and assuming they'll live to be 100. "We are only aging at 1-1/4% a year. Some firms (CEOs) are aging at 2%. Think about how risky that is." My comment: If we want to live longer,we must live spiritually in high-definition of economics in addition to the stock market in this mundane world. We invest in eternity with faith,hope and love in this world and the next... ad infinitum for all living homosapiens in the transient stage.
Robert Hagstrom published "The Warren Buffett Way" Almost everyone is curious about the ups and downs of the market. "Up" is upstairs in the next world and "down" would be down-to-earth on earth. My motto is:"Yi Ren Wei Ben" in Pin Yin i.e. the human factor must be taken into consideration in the knowledge industry known to all investors in this mundane world.
"The Francis Shieh Way" may be found in my blogs with humor with the understanding of the MIX of private and public sectors via Sino-American Economics to realize the needed cooperation and collaboration of two nations on both sides of the Pacific as members of the Security Council of the United Nations for peace and economic development for humanity.
Francis Shieh a.k.a. Xie Shihao on May 14, 2008 at 11.27 a.m.
Robert Hagstrom published "The Warren Buffett Way" Almost everyone is curious about the ups and downs of the market. "Up" is upstairs in the next world and "down" would be down-to-earth on earth. My motto is:"Yi Ren Wei Ben" in Pin Yin i.e. the human factor must be taken into consideration in the knowledge industry known to all investors in this mundane world.
"The Francis Shieh Way" may be found in my blogs with humor with the understanding of the MIX of private and public sectors via Sino-American Economics to realize the needed cooperation and collaboration of two nations on both sides of the Pacific as members of the Security Council of the United Nations for peace and economic development for humanity.
Francis Shieh a.k.a. Xie Shihao on May 14, 2008 at 11.27 a.m.
EXPRESS,May 14, 2008 Mortality rate gap widening
Study links poor education to premature deaths in USA: The headline on page 1 in Express paper of the Washington Post dated May 14, 2008 issue. The difference in morality between highly educated and poorly educated people in the United States is very wide and growing wider,according to new research.
I have reason to believe that similar situation may exist in China since health is a field of human capital in economics. We must maintain good health as part and parcel re Sino-American Economics. World Health Organization(WHO) is an institution of maintaining international health apropos of economics of globalization.
Ahmedin Jemal, an epidemiologist at the American Cancer Society said "Socio-economic disparity in mortality is pervasive and it continues to increase." Here we find Socio-economics as applied economics to serve any society. I have used Socio-Economics in my past blogs and many economists stressed Socio-Economics since the 1970s as I recall the past decades.
Francis Shieh a.k.a. Xie Shihao,a student to learn good health habits by reading good references and blogging for the interests of other folks as well with public interest. May 14, 2008 at 10.06 a.m.
P.S. Pamela Counselman in Ohio wrote to AARP:"An End to Aging to extend our life spans" by learning foreign languages. Chinese is a form of art and music as elaborated in "A Glimpse of the Chinese Language" www.rand.org or www.Amazon.com online book catalog for reference to end aging for longevity. All folks should be interested in longevity by learning a language. Nobody would impugn,indeed!
I have reason to believe that similar situation may exist in China since health is a field of human capital in economics. We must maintain good health as part and parcel re Sino-American Economics. World Health Organization(WHO) is an institution of maintaining international health apropos of economics of globalization.
Ahmedin Jemal, an epidemiologist at the American Cancer Society said "Socio-economic disparity in mortality is pervasive and it continues to increase." Here we find Socio-economics as applied economics to serve any society. I have used Socio-Economics in my past blogs and many economists stressed Socio-Economics since the 1970s as I recall the past decades.
Francis Shieh a.k.a. Xie Shihao,a student to learn good health habits by reading good references and blogging for the interests of other folks as well with public interest. May 14, 2008 at 10.06 a.m.
P.S. Pamela Counselman in Ohio wrote to AARP:"An End to Aging to extend our life spans" by learning foreign languages. Chinese is a form of art and music as elaborated in "A Glimpse of the Chinese Language" www.rand.org or www.Amazon.com online book catalog for reference to end aging for longevity. All folks should be interested in longevity by learning a language. Nobody would impugn,indeed!
Tuesday, May 13, 2008
Inflation to be continued: TIME,May 19, 2008 issue
The Food Crisis: Why high prices are here to stay - on page 34-35. A World Bank reports projects that food price will remain high for at least another year before increases in supply take hold in the market. I wish to add"hopefully" But other pressures i.e. costly oil, demand for biofuels and protectionist trade policies -won't abate. Such is one of the issues for Presidential campaign. The other one is War in Iraq and Afghanistan.
Sigmund Roseth write:" The West's more positive values and practices will osmose into China. Unfortunately, so will our less desirable and wasteful ones.
My comment:The East and the West should learn from each other starting from languages with cultures for genuine understanding in the 21st century and beyond...
Francis Shieh a.k.a. Xie Shihao with reflections of the state of the economy.
Sigmund Roseth write:" The West's more positive values and practices will osmose into China. Unfortunately, so will our less desirable and wasteful ones.
My comment:The East and the West should learn from each other starting from languages with cultures for genuine understanding in the 21st century and beyond...
Francis Shieh a.k.a. Xie Shihao with reflections of the state of the economy.
Common Concerns for China and USA
Washington Post,May 13, 2008
Page 1: US outlook is worst since 1992 Poll Finds. on page D8: Inflation climbed to almost a 12-year high in China,swamping official efforts to cool surging living costs.
Page D5: US scene- Oil's retreat helped soothe investors concerns about inflation and consumer spending. However,investors are looking to readings on consumers to determine how rising energy costs are affecting spending to cause recession. That remains to be seen. As I sent my blogs in the past: Inflationary stagnation! We are concerned about two economic fronts plus two military fronts of Iraq and Afghanistan .
Sino-American Economics topic would be the concern of all folks in USA and in China in the days to come.
Francis Shieh a.k.a. Xie Shihao, a watcher of prices as a consumer of energy and food everyday. May 13, 2008
Page 1: US outlook is worst since 1992 Poll Finds. on page D8: Inflation climbed to almost a 12-year high in China,swamping official efforts to cool surging living costs.
Page D5: US scene- Oil's retreat helped soothe investors concerns about inflation and consumer spending. However,investors are looking to readings on consumers to determine how rising energy costs are affecting spending to cause recession. That remains to be seen. As I sent my blogs in the past: Inflationary stagnation! We are concerned about two economic fronts plus two military fronts of Iraq and Afghanistan .
Sino-American Economics topic would be the concern of all folks in USA and in China in the days to come.
Francis Shieh a.k.a. Xie Shihao, a watcher of prices as a consumer of energy and food everyday. May 13, 2008
Monday, May 12, 2008
New Allies in Asia:Japan & China:WashPost,5/12/08
"We see China's internalization, Prime Minister Fukuda said. The Chinese are now aware that they need to pay a lot of attention to their own behavior as they seek to obtain resources and develop international markets in the days to come.
President Hu of China used his visit to reinforce his image as a pragmatist who pursues continued economic growth as his top priority.
Japan has more to fear from social unrest and collapse in China than from armed attack,Defense Minister Shigeru Ishiba says, "We must not let China go into some level of chaos. We will do whatever we can do to avoid that." Fighting Terrorism is the goal of USA,Japan and China.
Such new relationship should be of interest to the USA since American influence has been noted in Asia after WWII.
Francis Shieh a.k.a. Xie Shihao witnessing history on both sides of the Pacific i.e. Sino-American Economics with Japan as a team member aprops of globalization in Asia. May 12, 2008 at 2.12 p.m.
President Hu of China used his visit to reinforce his image as a pragmatist who pursues continued economic growth as his top priority.
Japan has more to fear from social unrest and collapse in China than from armed attack,Defense Minister Shigeru Ishiba says, "We must not let China go into some level of chaos. We will do whatever we can do to avoid that." Fighting Terrorism is the goal of USA,Japan and China.
Such new relationship should be of interest to the USA since American influence has been noted in Asia after WWII.
Francis Shieh a.k.a. Xie Shihao witnessing history on both sides of the Pacific i.e. Sino-American Economics with Japan as a team member aprops of globalization in Asia. May 12, 2008 at 2.12 p.m.
Sunday, May 11, 2008
"Moyers on Democracy by Bill Moyers Doubleday$26.95
Moyers is a media celebrity. His main topics are democracy, money and media. "Money is choking democracy to death," he says, while the "compliant establishment media" look on. Hugh disparities in wealth have turned our shining city upon a hill into a "gated community whose privileged occupants...are removed from the common life of the country." While ordinary citizens watch their pensions and job security evaporate, the top 1 percent of households now has more wealth than the bottom 90% combined. "Freedom in America," Moyers says, "has come to mean the freedom of the rich to get richer even as millions of Americans are thrown overboard." The author is engaged in truth telling: saying what cannot be said, yet must be said in 404 pages. His truth telling is the same as my lectures in the past. What a coincidence!
Francis Shieh a.k.a. Xie Shihao,an independent observer of American socio-economic society since 1947 with unabashed liberalism favoring democratic reform similar to the reforms in China as I have seen with my own eyes since 1981. Deng's reform started in 1978,thirty years ago. I have reason to believe that there will be reforms in USA after January 20, 2009.
Francis Shieh a.k.a. Xie Shihao,an independent observer of American socio-economic society since 1947 with unabashed liberalism favoring democratic reform similar to the reforms in China as I have seen with my own eyes since 1981. Deng's reform started in 1978,thirty years ago. I have reason to believe that there will be reforms in USA after January 20, 2009.
"The War for Wealth" by Gabor Steingart
This book is just published in May 2008 by McGraw Hill $29.95. Dr. Henry Kissinger recommends it very highly and I do concur with him for his insightful review.
On page 104. The Chinese economic miracle was made possible only by China's entry into the global economy. The joint venture began with less than $7 million in 1980 but mushroomed to $27 billion by 1990. The sum of all foreign investment in China is about $250 billion today. I hinted the opening of China to the world on page 8 in "A Glimpse of the Chinese Language" published by the RAND Corporation in 1965 when Dr. Kissinger was a consultant at RAND and I was a member of the research staff in the Department of Economics. Moreover,I gave a lecture to the staff at the Chinese Embassy in early 1970s to the same effect with my modest vision as an economist with macroview of China to be opening up for the benefits of other nations as well. The combination of Chinese labor and Western capital to be reflected as factors of production for international division of labor in basic economics. Furthermore,I lectured in different cities in China almost every year since 1981. It is gratifying to witness the drastic changes in China. The first American Nobel laureate Paul Samuelson mentioned the great potential of China in the book from page 261-274. The prognosis of Goldman Sachs in 2050 is that the future of China will be ahead of the United States. Needless to say,that remains to be seen. Professor Samuelson stated that the globelization leads to a win-win situation for people in China but is different in the USA because professional members of the workforce will profit,while the run-0f-the-mill working class people will be the losers. I would recommend the role of community colleges to train the grassroots with the title of "The Future of Community Colleges" published by the Congressional Record,July 18, 1974 and quoted by Richard T. Gill of Harvard in economics textbooks in 1970s and 1980. Moreover, "Keys for Economic Understanding" was published in 1971 with the same rationale. Cf. www.ask.com for reference. Prof. Samuelson also stated that poor Americans shop products made in China to boost their living standard. Here is an evidence of Sino-American economics in action. Students at Harvard asked Economics professor Joseph Schumpeter about the future of economic systems suchh as Capitalism and Socialism. Schumpeter replied "Socialism"and his students were shocked because Schumpeter was a conservative economist. But the professor replied:"My prediction is not necessarily my preference." Well,Schumpeter's prediction can be seen in China's system i.e. Socialism with Chinese characteristics i.e. to get rich is glorious with profit incentives within the laws. Samuelson's conclusions are :
1. Taking the middle way. My thought turns to "Zhang rong zhi dao" in Chinese philosophy.
2. Be less aggressive. I would think of Zhuangzi, the Chinese philosopher who stressed tranquility for equanimity.
Adam Smith was a professor of moral philosophy and economics. Here we can detect the underpinning of economics in philosophy of life. No wonder Ph.D. in economics would mean Doctor of Philosophy in Economics. But how many economists are philosophers? Intellectual food for profound thoughts,indeed!
Francis Shieh a.k.a. Xie Shihao,a lifelong student of philosophy of humanity regardless of race,color and creed of nations' economic systems. May 11, 2008
On page 104. The Chinese economic miracle was made possible only by China's entry into the global economy. The joint venture began with less than $7 million in 1980 but mushroomed to $27 billion by 1990. The sum of all foreign investment in China is about $250 billion today. I hinted the opening of China to the world on page 8 in "A Glimpse of the Chinese Language" published by the RAND Corporation in 1965 when Dr. Kissinger was a consultant at RAND and I was a member of the research staff in the Department of Economics. Moreover,I gave a lecture to the staff at the Chinese Embassy in early 1970s to the same effect with my modest vision as an economist with macroview of China to be opening up for the benefits of other nations as well. The combination of Chinese labor and Western capital to be reflected as factors of production for international division of labor in basic economics. Furthermore,I lectured in different cities in China almost every year since 1981. It is gratifying to witness the drastic changes in China. The first American Nobel laureate Paul Samuelson mentioned the great potential of China in the book from page 261-274. The prognosis of Goldman Sachs in 2050 is that the future of China will be ahead of the United States. Needless to say,that remains to be seen. Professor Samuelson stated that the globelization leads to a win-win situation for people in China but is different in the USA because professional members of the workforce will profit,while the run-0f-the-mill working class people will be the losers. I would recommend the role of community colleges to train the grassroots with the title of "The Future of Community Colleges" published by the Congressional Record,July 18, 1974 and quoted by Richard T. Gill of Harvard in economics textbooks in 1970s and 1980. Moreover, "Keys for Economic Understanding" was published in 1971 with the same rationale. Cf. www.ask.com for reference. Prof. Samuelson also stated that poor Americans shop products made in China to boost their living standard. Here is an evidence of Sino-American economics in action. Students at Harvard asked Economics professor Joseph Schumpeter about the future of economic systems suchh as Capitalism and Socialism. Schumpeter replied "Socialism"and his students were shocked because Schumpeter was a conservative economist. But the professor replied:"My prediction is not necessarily my preference." Well,Schumpeter's prediction can be seen in China's system i.e. Socialism with Chinese characteristics i.e. to get rich is glorious with profit incentives within the laws. Samuelson's conclusions are :
1. Taking the middle way. My thought turns to "Zhang rong zhi dao" in Chinese philosophy.
2. Be less aggressive. I would think of Zhuangzi, the Chinese philosopher who stressed tranquility for equanimity.
Adam Smith was a professor of moral philosophy and economics. Here we can detect the underpinning of economics in philosophy of life. No wonder Ph.D. in economics would mean Doctor of Philosophy in Economics. But how many economists are philosophers? Intellectual food for profound thoughts,indeed!
Francis Shieh a.k.a. Xie Shihao,a lifelong student of philosophy of humanity regardless of race,color and creed of nations' economic systems. May 11, 2008
Common Cause ot Thrift in USA and in China
WashPost,May 11, 2008 page F1: Let's Make It Cool to Save: A coalition of consumer advocates,public policy groups and academics(as I have sent my blogs re lifestyle) wants to attack our nation's dependence on debvt by creating a national campaign much like the one used to curb smoking.
It is a good idea given the current economic crisis. People might benefit from a snappy way to put a stop to their accumulated of debt. How about "Thrify is nifty"? I have been saying such for decades by virtue of my lifestyle as philosophy of life.
The organizations leading this effort include the Institute for American values, Institute for Advanced Studies in Culture(American or Chinese culture of economics) the Consumer Federation of America et al. Here we can readily find out the common ground for folks in USA and in China.
Olympics in Beijing is coming in August 2008 with the expressions of "One World,One Dream" I would like to add "One Human Race" and "One Spirit" as my thoughts.
Francis Shieh a.k.a. Xie Shihao,a lifelong seeker of virtue as being exposed to the traditional Chinese culture and the classical American culture apropos of commonalty in our mundane world. Sunday,May 11, 2008 Mother's Day to honor all the mothers on earth regardless of race,color and creed plus age in good humor.
It is a good idea given the current economic crisis. People might benefit from a snappy way to put a stop to their accumulated of debt. How about "Thrify is nifty"? I have been saying such for decades by virtue of my lifestyle as philosophy of life.
The organizations leading this effort include the Institute for American values, Institute for Advanced Studies in Culture(American or Chinese culture of economics) the Consumer Federation of America et al. Here we can readily find out the common ground for folks in USA and in China.
Olympics in Beijing is coming in August 2008 with the expressions of "One World,One Dream" I would like to add "One Human Race" and "One Spirit" as my thoughts.
Francis Shieh a.k.a. Xie Shihao,a lifelong seeker of virtue as being exposed to the traditional Chinese culture and the classical American culture apropos of commonalty in our mundane world. Sunday,May 11, 2008 Mother's Day to honor all the mothers on earth regardless of race,color and creed plus age in good humor.
Sino-American Economics to be intertwined with Japan-China's new relations
WashPost,May 10, 2008 page A9: China has become Japan's largest trading partner,with the trade volume between the two nations at $236 billion last year. More than 20,000 Japanese firms operate in China, many of them selling precision equipment and industrial materials that are essential to its export-driven boom. China is destined to be the preeminent economy in Asia, and this week's state visit by President Hu of China signals the Japanese government's acceptance of that inexorable trend. My comment: Such new relationship should be noted by the American businesses by reason of competition since Japanese science and technology are superior as evidenced by auto industry and other electronic products as well. Trade relations by virtue of the Law of Comparative Advantage should be known to leaders in the United States in the days to come. My vision was published by "Kuai Bao" in Hong Kong in April 5, 1990 when I was a Fulbright Senior Scholar in Hong Kong. That was 18 years ago!
Francis Shieh a.k.a. Xie Shihao,a watcher of economic developments in terms of economic globalization. May 11, 2008 at 7.25 a.m.
Francis Shieh a.k.a. Xie Shihao,a watcher of economic developments in terms of economic globalization. May 11, 2008 at 7.25 a.m.
Saturday, May 10, 2008
New York Times,May 10, 2008 Page B1 Perfuming China
Fragrance market is establilshing a foothold, but the focus now is more on brands than scents.
With slowing sales in perfumes,the industry hopes for significant growth in China. Such source is obtained from Kline and Company. The growth is estimated at 22.4% in China. Chinese women are going to wear perfumes to keep up with their charms.
Page B2: Daimler, the maker of Mercedes Benz auto will deal with slowing auto sales in the USA in part by shifting to China, says chief executive based in Germany. "We see new global players coming from China." Online at: nytimes.com/business
Asia-Pacific Managing Director said:" China is going to be so big that no one will be able to avoid being in China. We are going there for the long term. We have very ambitious plans."
Wall Street Journal,May 9, 2008 on page W1: The world's best Chinese food on planet. W10: Pin Yin system of romanization i.e.,the Western alphabet transliteration of the Chinese characters are studied by English speaking folks in China without problems but the unwieldy Chinese characters are difficult for Westerners as ideogram. For explanations of China's Language Reforms,see "A Glimpse of the Chinese Language" in English. www.rand.org or www.Amazon.com online book catalog for reference.
Francis Shieh a.k.a. Xie Shihao in Pin Yin meaning thanks from a heroic poet in name only. In 1991,I remember the headlines as "He said and She said" re Supreme Court Justice Clarence Thomas and Professor Anita Hill in the Headlines: TIME magazine October 15, 2007 published "Verbatim" : "She was not the demure, religious,conservative person that they portrayed. That is not the person I knew. Justice wrote a memoir,lashing out again after 16 years at former employee. Anita Hill ,biting back at Thomas,reviving at the confirmation hearing: "I will not stand by silently and allow him, in his anger, to reinvent me." Well,I would like to use Pin Yin as spoof or doggerel with rhymes:
"Hei nan hei nu liang xing dou, Shui shi shui fei shui zhi tou." Your feedback is invited re my bad verse with appreciation. May 10, 2008
With slowing sales in perfumes,the industry hopes for significant growth in China. Such source is obtained from Kline and Company. The growth is estimated at 22.4% in China. Chinese women are going to wear perfumes to keep up with their charms.
Page B2: Daimler, the maker of Mercedes Benz auto will deal with slowing auto sales in the USA in part by shifting to China, says chief executive based in Germany. "We see new global players coming from China." Online at: nytimes.com/business
Asia-Pacific Managing Director said:" China is going to be so big that no one will be able to avoid being in China. We are going there for the long term. We have very ambitious plans."
Wall Street Journal,May 9, 2008 on page W1: The world's best Chinese food on planet. W10: Pin Yin system of romanization i.e.,the Western alphabet transliteration of the Chinese characters are studied by English speaking folks in China without problems but the unwieldy Chinese characters are difficult for Westerners as ideogram. For explanations of China's Language Reforms,see "A Glimpse of the Chinese Language" in English. www.rand.org or www.Amazon.com online book catalog for reference.
Francis Shieh a.k.a. Xie Shihao in Pin Yin meaning thanks from a heroic poet in name only. In 1991,I remember the headlines as "He said and She said" re Supreme Court Justice Clarence Thomas and Professor Anita Hill in the Headlines: TIME magazine October 15, 2007 published "Verbatim" : "She was not the demure, religious,conservative person that they portrayed. That is not the person I knew. Justice wrote a memoir,lashing out again after 16 years at former employee. Anita Hill ,biting back at Thomas,reviving at the confirmation hearing: "I will not stand by silently and allow him, in his anger, to reinvent me." Well,I would like to use Pin Yin as spoof or doggerel with rhymes:
"Hei nan hei nu liang xing dou, Shui shi shui fei shui zhi tou." Your feedback is invited re my bad verse with appreciation. May 10, 2008
"The New Paradigm for Financial Markets" By George Soros
Just published by Public Affairs in New York, May 2008. $22.95 Soros is the founder of network to supporting open societies with the same rationale of open university concept for lifelong learning without walls. "Work and Study Cycle Theory" is related to such educational innovation. www.ask.com for reference.
It is a fascinating book. Soros' unique blend of philosophy engagement, financial experience, and political passion yields a harvest of insights and perceptive comments. - Foreign Affairs.
Page 131: The Oligopolarization of America - i.e. merger mania as Professor John K. Galbraith envisioned decades ago.
Soros stated: "In my judgment, China will sail through the current financial crisis and subsequent recession with flying colors and gain considerable relative strength.
Page 130: China is exerting considerable influence on other emerging economies.
Page 151: We plan to support various training schemes. "Keys for Economic Understanding" has elaborated various training programs to enhance productivity. www.ask.com.
In the conclusion:"Now the equilibrium theory has shown itself to be such a failure at both prediction and explanation, the field is more open. Economic developments could disrupt the world economy. Here we can detect political economy in action with multi-disciplinary approaches.
Page 157: We are facing a period of greatly increased uncertainty. J.K. Galbraith published "The Age of Uncertainty" several decades ago with his vision. Cf."Almost Everyone's Guide to Economics" Book review was published by Atlantic Economic Journal,September 1979. Such may be searched online.
Soros' theory of reflexivity is to be tested since there is no clear-cut answers. I would reiterate the humorous expression:"There are those who don't know and those who don't know they don't know." However,Soros is one of the astute observers of knowledge in the field of finance and economics with analytical ability par excellence!
Francis Shieh a.k.a. Xie Shihao, a student learning happenings on daily basis. May 10, 2008 at 1.05 p.m.
It is a fascinating book. Soros' unique blend of philosophy engagement, financial experience, and political passion yields a harvest of insights and perceptive comments. - Foreign Affairs.
Page 131: The Oligopolarization of America - i.e. merger mania as Professor John K. Galbraith envisioned decades ago.
Soros stated: "In my judgment, China will sail through the current financial crisis and subsequent recession with flying colors and gain considerable relative strength.
Page 130: China is exerting considerable influence on other emerging economies.
Page 151: We plan to support various training schemes. "Keys for Economic Understanding" has elaborated various training programs to enhance productivity. www.ask.com.
In the conclusion:"Now the equilibrium theory has shown itself to be such a failure at both prediction and explanation, the field is more open. Economic developments could disrupt the world economy. Here we can detect political economy in action with multi-disciplinary approaches.
Page 157: We are facing a period of greatly increased uncertainty. J.K. Galbraith published "The Age of Uncertainty" several decades ago with his vision. Cf."Almost Everyone's Guide to Economics" Book review was published by Atlantic Economic Journal,September 1979. Such may be searched online.
Soros' theory of reflexivity is to be tested since there is no clear-cut answers. I would reiterate the humorous expression:"There are those who don't know and those who don't know they don't know." However,Soros is one of the astute observers of knowledge in the field of finance and economics with analytical ability par excellence!
Francis Shieh a.k.a. Xie Shihao, a student learning happenings on daily basis. May 10, 2008 at 1.05 p.m.
Friday, May 9, 2008
World Bank Source: Unleashing prosperity-China
"Economist" magazine,May 9, 2008 issue on page 106: The more productive an economy is the more effectively it uses capital and labor. China is leading all nations for sources apropos of real GDP growth,% 1999-2005. Paul Krugman,Economics Professor at MIT commented about China to be accounted for the bulk of rising affluence. My comment: Delta Output is the function of Delta K and Delta L. i.e. Changing Output is the function of changing more plant capacity usage for K and bigger workforce in China for Labor Force Development as per my simple equation.
Page 13: Many Chinese enjoy a prosperity undreamt of by their forefathers.
Chinese rage has focused on the "Anti-China" bias of the Western press, which is accused of ignoring violence by Tibetans in the unrest in March 14,2008. China-bashing can be expected with protectionist sentiments in the US. However,Treasury Secretary Paulson,Jr. is in the know for his positive scenario re US-China relations i.e. Sino-American Economics for mutual benefit.
The Olympics have become a symbol of China's right to the respect it is due. Protests,criticism and boycott threats are seen as part of a broader refusal to accept and accomodate China. My comment: China has been a member of WTO and consumers are being benefited for less cost. Wal-Mart is a typical example of success in the United States and in China as empirical evidence.
The unprecedented phenomenon, of the rapid integration into the world of its most populous country, seem irreversible. The world and China have to learn to live with each other. The best way to have better understanding is for Westerners to study Chinese language and culture of music re four tones in Mandarin and the art apropos of calligraphy. www.ask.com or www.rand.org for reference.
Francis Shieh a.k.a. Xie Shihao,a watcher of China's development with reference to the American economy in the 21st century. May 9, 2008 at 2.08 p.m.
Page 13: Many Chinese enjoy a prosperity undreamt of by their forefathers.
Chinese rage has focused on the "Anti-China" bias of the Western press, which is accused of ignoring violence by Tibetans in the unrest in March 14,2008. China-bashing can be expected with protectionist sentiments in the US. However,Treasury Secretary Paulson,Jr. is in the know for his positive scenario re US-China relations i.e. Sino-American Economics for mutual benefit.
The Olympics have become a symbol of China's right to the respect it is due. Protests,criticism and boycott threats are seen as part of a broader refusal to accept and accomodate China. My comment: China has been a member of WTO and consumers are being benefited for less cost. Wal-Mart is a typical example of success in the United States and in China as empirical evidence.
The unprecedented phenomenon, of the rapid integration into the world of its most populous country, seem irreversible. The world and China have to learn to live with each other. The best way to have better understanding is for Westerners to study Chinese language and culture of music re four tones in Mandarin and the art apropos of calligraphy. www.ask.com or www.rand.org for reference.
Francis Shieh a.k.a. Xie Shihao,a watcher of China's development with reference to the American economy in the 21st century. May 9, 2008 at 2.08 p.m.
It is more blessed to give. Givers tend to be happier
Folks who made gifts to others reported they were happier than folks who did not share, according to a report in the journal "Science." While studies have shown that having more money can increase happiness,the researchers at the University of British Columbia and Harvard University wondered if the way people spent their money made any difference. Turns out,it does! Professor of Psychology at UBC said she was not surprised that doing something for others made people happy. In Chinese Pin Yin:" Zhu Ren Wei Le" Four Chinese characters would have the same meaning. "Zhu" is help;"ren" as folks;"wei" to become or id.est(Latin). "le" is happy. There are two other expressions: 1. "Zi De Qi Le" Having utility or satisfaction in one's own right would generate happiness. 2. "Zhi Zu Chang Le" a satisfied person is always happy.
A study published in the 2006 journal: Proceedings of the National Academy of Sciences found that the brain produced the good feeling when a person does good deeds. In Pin Yin: "Hao Ren You Hao Bao." i.e. A good person gets the good "kickback." Money is NOT the key to a happy life! Our relationship to money offers great potential for spiritual growth. "To inspire and be inspired" and "To love and be loved" as our daily guidelines.
When a person approaches others with joyous and compassionate attitude and be guided by love as the greatest wealth of all. What goes around comes around. Kindness begets kindness and generosity breeds generosity.
Francis Shieh a.k.a. Xie Shihao, a student of philosophy of life as the most significant subject matter in Sino-American Economics of Living. May 9, 2008
A study published in the 2006 journal: Proceedings of the National Academy of Sciences found that the brain produced the good feeling when a person does good deeds. In Pin Yin: "Hao Ren You Hao Bao." i.e. A good person gets the good "kickback." Money is NOT the key to a happy life! Our relationship to money offers great potential for spiritual growth. "To inspire and be inspired" and "To love and be loved" as our daily guidelines.
When a person approaches others with joyous and compassionate attitude and be guided by love as the greatest wealth of all. What goes around comes around. Kindness begets kindness and generosity breeds generosity.
Francis Shieh a.k.a. Xie Shihao, a student of philosophy of life as the most significant subject matter in Sino-American Economics of Living. May 9, 2008
Thursday, May 8, 2008
U110/IdeaPads by Lenovo,the Chinese company
Wall Street Journal,May 8, 2008 page D1: Lenovo,the Chinese company that took over the brand from IBM is bringing out a new, consumer-focused line called IdeaPads,U119.
China's consumer economy has been surging especially in thriving, commercial centers such as Shanghai.
For US investors, participating in China's consumer boom,is getting easier. China Mobile Ltd., China Eastern Airlines Corp., China Life Insurance Co., now trade on the New York Stock Exchange.
Page A11: Leaders of China , Japan move to get past distrust. Trade between Japan and China,including Hong Kong reached 33 trillion Yen i.e. $315 billion in 2007. The future scenario is expected to be going upward for mutual benefits derived from the Law of Comparative Advantage.
C Span Radio Secretary of State Rice stressed training and education for workers. Such rationale may be found in "Keys for Economic Understanding" www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao made positive prediction in Hong Kong in April 1990. Cf. my previous blogs. May 8, 2008
China's consumer economy has been surging especially in thriving, commercial centers such as Shanghai.
For US investors, participating in China's consumer boom,is getting easier. China Mobile Ltd., China Eastern Airlines Corp., China Life Insurance Co., now trade on the New York Stock Exchange.
Page A11: Leaders of China , Japan move to get past distrust. Trade between Japan and China,including Hong Kong reached 33 trillion Yen i.e. $315 billion in 2007. The future scenario is expected to be going upward for mutual benefits derived from the Law of Comparative Advantage.
C Span Radio Secretary of State Rice stressed training and education for workers. Such rationale may be found in "Keys for Economic Understanding" www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao made positive prediction in Hong Kong in April 1990. Cf. my previous blogs. May 8, 2008
Washington Beacon- May 2008 issue
Get healthy red meat via Chinese cuisine: -Sino-American Economics of Human Capital for good health:
Experts agree that a diet rich in red meat can negatively impact your health. In addition to concerns about saturated fat and heart disease, research now shows that red meat is linked to an increased risk for colorectal cancer.
But moderate amounts of lean red meat up to 18 ounces per week are a welcome addition to any diet.
This simplified adaptation of a Chinese classic - beef with broccoli - is the perfect example of a beef-based meal that is tender, flavorful and follows the current recommendation for limited consumption of red meat. Each serving provides just 3 ounces of cooked tenderloin. Fresh ginger imparts a bit of kick to this dish. A distant cousin to bamboo, ginger's ancient origins can be traced to China. Garlic also spices up this recipe.
The above is from the courtesy of the American Institute for Cancer Research.
You need vitamin D as well as calcium. Antioxidant supplements work differently in different people. My recommendation is to have food with built-in vitamins.
Francis Shieh a.k.a. Xie Shihao in search for healthy food to strive to live to be centenarians. May 8, 2008
Experts agree that a diet rich in red meat can negatively impact your health. In addition to concerns about saturated fat and heart disease, research now shows that red meat is linked to an increased risk for colorectal cancer.
But moderate amounts of lean red meat up to 18 ounces per week are a welcome addition to any diet.
This simplified adaptation of a Chinese classic - beef with broccoli - is the perfect example of a beef-based meal that is tender, flavorful and follows the current recommendation for limited consumption of red meat. Each serving provides just 3 ounces of cooked tenderloin. Fresh ginger imparts a bit of kick to this dish. A distant cousin to bamboo, ginger's ancient origins can be traced to China. Garlic also spices up this recipe.
The above is from the courtesy of the American Institute for Cancer Research.
You need vitamin D as well as calcium. Antioxidant supplements work differently in different people. My recommendation is to have food with built-in vitamins.
Francis Shieh a.k.a. Xie Shihao in search for healthy food to strive to live to be centenarians. May 8, 2008
Focus on Competition: WashPost,May 7,08 p.H1
East and West are vying for more than $700 billion worth of business as Saudi Arabia transforms itself from one of the world's biggest oil producers into an industrial and intellectual powerhouse.
The Saudi business community expects US firms to take up a sizeable number of these investment opportunities. American corporations are still positioned as the number one investor in the kingdom.
As part of a stratetic development of its economic policy, the kingdom is paying increasing attention to the huge development markets of Asia. China and Japan are already the kingdom's largest export markets for oil and oil products and eastward trade is certain to increase as the Chinese and Indian economies continue to expand.
President Hu is now visiting Japan with good relations with India as a neighbor. Here we can detect the Sino-American Economics if we are watching competition of resources in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a research student to watch economic competition working in the East and the West for the wellbeing of humankind. May 8, 2008
The Saudi business community expects US firms to take up a sizeable number of these investment opportunities. American corporations are still positioned as the number one investor in the kingdom.
As part of a stratetic development of its economic policy, the kingdom is paying increasing attention to the huge development markets of Asia. China and Japan are already the kingdom's largest export markets for oil and oil products and eastward trade is certain to increase as the Chinese and Indian economies continue to expand.
President Hu is now visiting Japan with good relations with India as a neighbor. Here we can detect the Sino-American Economics if we are watching competition of resources in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a research student to watch economic competition working in the East and the West for the wellbeing of humankind. May 8, 2008
Wednesday, May 7, 2008
Wall Street Journal, May 6, 2008 page A22 Outlook section
Senator Clinton should have consulted the US-China Business Council apropos of US exports to China. Trade creates new opportunities too. Rather than ratcheting up the anti-trade and anti-China rhetoric, the Presidential candidates would do better focusing on helping Americans seize opportunities of trade. My comment: Law of Comparative Advantage must be understood. Moreover,Treasury Secretary Paulson,Jr. is fully aware of the benefits to be derived by closer economic relations with China in terms of Sino-American savvy economics.
Page D1: Art Sales Boom: 120 million for Mao's Head as published by the photo of Chairman Mao in WSJ. My comment: Wealthy collectors are interested in China with the vested interest for such significant amount for art sales with motif of China. I believe Beijing Olympics 2008 makes China to be the focus of the world and folks all over the world would like to have a share in such epoch-making sports event in the 21st century.
Francis Shieh a.k.a. Xie Shihao watching the developments of Sino-American economics as a lifelong student. May 7,2008
Page D1: Art Sales Boom: 120 million for Mao's Head as published by the photo of Chairman Mao in WSJ. My comment: Wealthy collectors are interested in China with the vested interest for such significant amount for art sales with motif of China. I believe Beijing Olympics 2008 makes China to be the focus of the world and folks all over the world would like to have a share in such epoch-making sports event in the 21st century.
Francis Shieh a.k.a. Xie Shihao watching the developments of Sino-American economics as a lifelong student. May 7,2008
Tuesday, May 6, 2008
Nostalgia visiting Japan and Korea in 1984 et al.
I visited Tokyo and Osaka, Japan and Seoul,Jizhou,Korea in 1984 as the guest of Professor Hanshil Koh of Tokyo University. He is the author of "How American Laws are Made" in Japanese and Korean languages. Presidents Nixon and Ford commended him for such significant scholarly contributions benefiting Japanese and Koreans in their native languages if they are not familiar with the English yet. Moreover,folks in America can learn Japanese and Korean languages apropos of Ammerican Law.
President Hu is now visiting Japan and I envisioned closer cooperation and collaboration between Japan and China in economics of trade and other scientific exchanges decades ago. Since Japan is rated next to the United States in economic clout,the upcoming economic relationship of Japan and China should be of great interest for the United States. If the new President of the United States (after January 20, 2009 )does have astute vision of globalization,future cooperation and collaboration between the the largest developed nation such as USA and the largest developing nation i.e. China would also benefit peoples of two nations in the 21st century and beyond.
In recollection,I was interviewed by "Kuai Bao" in Hong Kong when I was a Fulbright Senior Scholar,I had positive scenario about trade relations of Japan and China as published by such paper in April 5, 1990. Wen Wei Bao in Hong Kong also published my optimistic outlook of China in terms of trade between US and China.
Washington Post,June 27, 1990 published the American CEOs blamed their employees' lack of skills and commitment for a decline in quality of goods and services according to a Gallup survey. For the same issue, Cf.a book entitled "Keys for Economic Understanding" (1971) www.ask.com for reference.
Allocation of Time Constraint: Published by China Youth Daily in Beijing October 20,1981. The same equation may be applied to the youth in the United States. To wit:
Daily Function= Work + Study + Leisure over time constraint. It is up to the individual to allocate his/her time resource judiciouly for his/her action on daily basis. In other words,the individual is the decision-maker for his/her own time for activities. It is the awareness of such allocation of time resulting folks' success or failure in their lifetime.
Francis Shieh a.k.a. Xie Shihao,a student allocating time resources for learning and blogging after analyzing materials from media for Sino-American Economics in particular. May 6, 2008
President Hu is now visiting Japan and I envisioned closer cooperation and collaboration between Japan and China in economics of trade and other scientific exchanges decades ago. Since Japan is rated next to the United States in economic clout,the upcoming economic relationship of Japan and China should be of great interest for the United States. If the new President of the United States (after January 20, 2009 )does have astute vision of globalization,future cooperation and collaboration between the the largest developed nation such as USA and the largest developing nation i.e. China would also benefit peoples of two nations in the 21st century and beyond.
In recollection,I was interviewed by "Kuai Bao" in Hong Kong when I was a Fulbright Senior Scholar,I had positive scenario about trade relations of Japan and China as published by such paper in April 5, 1990. Wen Wei Bao in Hong Kong also published my optimistic outlook of China in terms of trade between US and China.
Washington Post,June 27, 1990 published the American CEOs blamed their employees' lack of skills and commitment for a decline in quality of goods and services according to a Gallup survey. For the same issue, Cf.a book entitled "Keys for Economic Understanding" (1971) www.ask.com for reference.
Allocation of Time Constraint: Published by China Youth Daily in Beijing October 20,1981. The same equation may be applied to the youth in the United States. To wit:
Daily Function= Work + Study + Leisure over time constraint. It is up to the individual to allocate his/her time resource judiciouly for his/her action on daily basis. In other words,the individual is the decision-maker for his/her own time for activities. It is the awareness of such allocation of time resulting folks' success or failure in their lifetime.
Francis Shieh a.k.a. Xie Shihao,a student allocating time resources for learning and blogging after analyzing materials from media for Sino-American Economics in particular. May 6, 2008
Spiritual Fitness ::::unremitting exhortations re training for long haul
A vision of holiness with realism of earthliness. Vocation is the leading of individual souls to committed faith of eternity. Anyone with a searching spirit would lead into a right relationship with Divine Providence involving a journey through pain, penitence, love, joy and peace via a challenging climb. We train ourselves to be godly: physical training is of some value but godliness has value for all things holding promise for both the present life and the life to come. (I Timonth 4:7-8) We shall get a crown that will last forevermore. (I Corinthians 9:24-25)
Sino-American Economics of Spirituality for folks searching for eternaity in the long run.
Francis Shieh on Tuesday. May 6, 2008
Sino-American Economics of Spirituality for folks searching for eternaity in the long run.
Francis Shieh on Tuesday. May 6, 2008
Monday, May 5, 2008
May is Asian Pacific American Heritage Month
A celebration of Asians and Pacific Islanders in the United States. Much like Black History and Women's History celebrations. APA Heritage Month originated in a congressional bill. On October 5, 1978, President Jimmy Carter signed a Joint Resolution designating the first 2 weeks of May an annual celebration of Asian Pacific American heritage. In May 1990, the holiday was expanded further when President George H. W. Bush designated May to be Asian Pacific American Heritage Month.
May 5, 2008,today is Lunar April 1st and is the "Li Xia" festival in China i.e. the arrival of starting of summer as per the Lunar Calendar.
Here we are witnessing festivals in US and in China for folks to observe holidays for fun with economic impacts!
Francis Shieh a.k.a. Xie Shihao on Monday,May 5, 2008
May 5, 2008,today is Lunar April 1st and is the "Li Xia" festival in China i.e. the arrival of starting of summer as per the Lunar Calendar.
Here we are witnessing festivals in US and in China for folks to observe holidays for fun with economic impacts!
Francis Shieh a.k.a. Xie Shihao on Monday,May 5, 2008
A book responding to spiritual call in USA and in China
May the Holy Spirit(Laotianye) make you...brave in your initiatives, so that you will be able to offer your contribution to the building up of the civilization of love(harmony) Bestseller: Book World and New York Times.
Carl Anderson's "Civilization of Love" is a distinguished contribution to America and to the world. It is to be known that Confucianism would stress the same harmonious culture for peace and development to the world. "Within four seas,we are all brothers!" as the universal guidelines in Olympics' "One World,One Dream" and I wish to add "One human race" to be aware of globalization on earth. We can detect the meeting ground of the East and the West. The author artfully weaves theory and practice,giving us a rare specimen indeed: a practical guide for all idealists in the positive scenario. Available online and at bookstores everywhere.
Reflections of American past: BUT-(as published in the Book Word,WashPost,May4,08)
Now,burdened by internal divisions and a discredited president, the conservative movement is in retreat, in a recent Pew survey only a third of Americans called themselves conservative. Facing an uncertain future, conservatives have become increasingly celebratory about their leaders of the past, especially the iconic Ropnald Reagan and the recently departed William F. Buckley Jr. ,who lit the torch at National Review in the 1950s. I still remember the year 1950 when I earned my graduate degree at Georgetown University. The American history is passed,this is election year now and we shall be able to find out the judgment of voters about the trend of America in the 21st century after January 20, 2009.
Francis Shieh a.k.a. Xie Shihao,a voter in good standing to be aware of the world for peace and economic development. May 5, 2008
Carl Anderson's "Civilization of Love" is a distinguished contribution to America and to the world. It is to be known that Confucianism would stress the same harmonious culture for peace and development to the world. "Within four seas,we are all brothers!" as the universal guidelines in Olympics' "One World,One Dream" and I wish to add "One human race" to be aware of globalization on earth. We can detect the meeting ground of the East and the West. The author artfully weaves theory and practice,giving us a rare specimen indeed: a practical guide for all idealists in the positive scenario. Available online and at bookstores everywhere.
Reflections of American past: BUT-(as published in the Book Word,WashPost,May4,08)
Now,burdened by internal divisions and a discredited president, the conservative movement is in retreat, in a recent Pew survey only a third of Americans called themselves conservative. Facing an uncertain future, conservatives have become increasingly celebratory about their leaders of the past, especially the iconic Ropnald Reagan and the recently departed William F. Buckley Jr. ,who lit the torch at National Review in the 1950s. I still remember the year 1950 when I earned my graduate degree at Georgetown University. The American history is passed,this is election year now and we shall be able to find out the judgment of voters about the trend of America in the 21st century after January 20, 2009.
Francis Shieh a.k.a. Xie Shihao,a voter in good standing to be aware of the world for peace and economic development. May 5, 2008
Sunday, May 4, 2008
Common Causes for folks in US and China
1. Exercise daily for one hour by moving. The stronger the body,the longer our lives. Walking is the best way to be centenarians.
2. Diet and watch our carb intake. Chinese dishes include veggie plus steamed fish for good health.
3. Brush and floss our teeth in our mouth.
4. Vitamin D helps our immune system.
5. Avoid smoking and drinking except fresh air and water.
6. Keep our clear head with positive scenarios.
7. Leaving pesky things behind and have peace of mind with equanimity.
8. Be diligent and keep an active mind.
9. Money and wealth are transient and ephemeral in the mundane world.
10. Success in economic achievement requires contribution in economic activities to be beneficial to private interest plus public wellbeing.
Other points may be added as the readers would see fit such as active blogging with random thoughts.
Francis Shieh a.k.a. Xie Shihao on Sunday,May 4, 2008
2. Diet and watch our carb intake. Chinese dishes include veggie plus steamed fish for good health.
3. Brush and floss our teeth in our mouth.
4. Vitamin D helps our immune system.
5. Avoid smoking and drinking except fresh air and water.
6. Keep our clear head with positive scenarios.
7. Leaving pesky things behind and have peace of mind with equanimity.
8. Be diligent and keep an active mind.
9. Money and wealth are transient and ephemeral in the mundane world.
10. Success in economic achievement requires contribution in economic activities to be beneficial to private interest plus public wellbeing.
Other points may be added as the readers would see fit such as active blogging with random thoughts.
Francis Shieh a.k.a. Xie Shihao on Sunday,May 4, 2008
Wall Street Journal,May 3-4,08 Page A10
A hospital charges $45,000 for lab tests and demands an additional $60,000 to admit a woman to be treated for cancer. Just imagine the cost in USA to be compared with the cost in China for comparisons for economics of health.
Disney's theme parks and resourts have held up surprisingly well owing partly to an influx of international visitors taking advantage of the dollar's prolonged weakness.
The US currency contributes to rising energy prices because oil is priced in dollars. It also leads some investors to buy commodities to protect against the threat of inflation such as precious metals like gold and silver or copper. America needs long-term economic thinking since we'll be around ad infinitum in the field of economics.
Disney in Hong Kong is OK and there are plans to titilate the fancy for a new one in Shanghai under discussion.
Francis Shieh a.k.a. Xie Shihao with thoughts of making comparisons of USA and China.
Disney's theme parks and resourts have held up surprisingly well owing partly to an influx of international visitors taking advantage of the dollar's prolonged weakness.
The US currency contributes to rising energy prices because oil is priced in dollars. It also leads some investors to buy commodities to protect against the threat of inflation such as precious metals like gold and silver or copper. America needs long-term economic thinking since we'll be around ad infinitum in the field of economics.
Disney in Hong Kong is OK and there are plans to titilate the fancy for a new one in Shanghai under discussion.
Francis Shieh a.k.a. Xie Shihao with thoughts of making comparisons of USA and China.
"Economics for Dummies" By Sean Flynn
The author is a student of Nobel Laureates Akerlof and McFadden. www.Wiley.com
www.learn-economics.com He is on the faculty of Vassar College in New York now.
Economists may be ridiculated by some as being overly academic but not realistically practical with assumptions. I would claim to be a dummy i.e. "Shagua" in Pin Yin because the subject matter may be "Shahua" implying economic controversies!
Economics is all about humanity's struggle to achieve happiness in a world full of constraints without borders and limits in terms of globalization. China is the most populous nation in the world so China's economy should be of interest to the USA as the most developed nation in the world.
The ultimate success is the contribution that economic activities are made for the wellbeing of humanbeings on earth. How relevant in this regard!
Francis Shieh a.k.a. Xie Shihao on Sunday,May 4th 2008
www.learn-economics.com He is on the faculty of Vassar College in New York now.
Economists may be ridiculated by some as being overly academic but not realistically practical with assumptions. I would claim to be a dummy i.e. "Shagua" in Pin Yin because the subject matter may be "Shahua" implying economic controversies!
Economics is all about humanity's struggle to achieve happiness in a world full of constraints without borders and limits in terms of globalization. China is the most populous nation in the world so China's economy should be of interest to the USA as the most developed nation in the world.
The ultimate success is the contribution that economic activities are made for the wellbeing of humanbeings on earth. How relevant in this regard!
Francis Shieh a.k.a. Xie Shihao on Sunday,May 4th 2008
Harvard Business Review, May 2008 issue et al.
Page 128: The Science of Think Smarter - Words from Brain expert John J. Medina, a developmental molecular biiologist exploring neuroscience.
The brain isn't really interested in reality, it's interested in survival. What is more, and contrary to what many educators believed, the brain can keep learning at any age. "WE ARE LIFELONG LEARNERS" Here we find validation of "Work and Study Cycle Theory" to be implemented. www.ask.com for reference. Ido abide such research outcome with my daily deed.
"Yi Jing" or "I Ching" i.e. Book of Change or Book of Oracle with Questions and Answers of the gist of Chinese culture for folks to enjoy such work.
Marriott plans to add 59 hotels in China by the end of 2010.
Maryland's bioscience sector is among the nation's largest - generating $29 billion in economic output, supporting 120,000 total jobs, $11 billion in income and nearly $600 million in taxes annually,according to the Comptroller's office.
Francis Shieh a.k.a. Xie Shihao on Sunday, May 4, 2008
The brain isn't really interested in reality, it's interested in survival. What is more, and contrary to what many educators believed, the brain can keep learning at any age. "WE ARE LIFELONG LEARNERS" Here we find validation of "Work and Study Cycle Theory" to be implemented. www.ask.com for reference. Ido abide such research outcome with my daily deed.
"Yi Jing" or "I Ching" i.e. Book of Change or Book of Oracle with Questions and Answers of the gist of Chinese culture for folks to enjoy such work.
Marriott plans to add 59 hotels in China by the end of 2010.
Maryland's bioscience sector is among the nation's largest - generating $29 billion in economic output, supporting 120,000 total jobs, $11 billion in income and nearly $600 million in taxes annually,according to the Comptroller's office.
Francis Shieh a.k.a. Xie Shihao on Sunday, May 4, 2008
Saturday, May 3, 2008
Common Ground to ride bikes in US and in China
USA Weekend - May 2-4, 2008:BIKE TO WORK -
There is a long list of reasons to bike to work. "It is surprisingly quick, it's good for your health and your pocketbook, especially in light of rising gas prices, and it helps people get out of their physical inactivity rut," says Andy Clarke, executive director of the League of American Bicyclists. And, he says, it is the ultimate in multi-tasking: You clear your head and get in a workout while simply commuting to the office. Tips for commuting by bike:
First, get a helmet.
Next, Get familiar with the path. Bike route maps are available online.
Two or three times a week has great health benefits.
Be predictable and visible.
Visit bikeleague.org
The following maxim may be useful for students in USA and in China as well.
"Xue er bu si ze wang" Learning without reasoning would cause deception.
"Si er bu xue ze dai" Thinking without learning has dangerous effect.
This axiom is the motto and insignia of St. John's University,Shanghai,China and is known to students in China. Such expression is cited by President Hu in Beijing University's 110 Anniversary on May 4th for China's Intellectual Movement.
St. John's University,Shanghai may be searched online www.ask.com.
Sino-American Economics of Health,a field of Human Capital for Longevity:
Life begins at age 70.
There are lots of folks at 80s and 90s.
Taking good care is the rule.
Living to be centenarians as rule of thumb.
I claim to be a "xiao huo zi" i.e. a young guy with the mindset from Three kinds of Happiness:
1."Zi de qi le" i.e. Self-seeking happiness.
2."Zhu ren wei le" i.e. Helping others to be reflected to own happiness.
3."Zhi zu chang le" i.e. Self-satisfied for happiness forevermore.
I have sent Happiness Formula in previous blogs for reference if clicked on.
Francis Shieh a.k.a. Xie Shihao,a searcher for spiritual happiness beyond material consumption. May 3, 2008 at 9.45 p.m.
There is a long list of reasons to bike to work. "It is surprisingly quick, it's good for your health and your pocketbook, especially in light of rising gas prices, and it helps people get out of their physical inactivity rut," says Andy Clarke, executive director of the League of American Bicyclists. And, he says, it is the ultimate in multi-tasking: You clear your head and get in a workout while simply commuting to the office. Tips for commuting by bike:
First, get a helmet.
Next, Get familiar with the path. Bike route maps are available online.
Two or three times a week has great health benefits.
Be predictable and visible.
Visit bikeleague.org
The following maxim may be useful for students in USA and in China as well.
"Xue er bu si ze wang" Learning without reasoning would cause deception.
"Si er bu xue ze dai" Thinking without learning has dangerous effect.
This axiom is the motto and insignia of St. John's University,Shanghai,China and is known to students in China. Such expression is cited by President Hu in Beijing University's 110 Anniversary on May 4th for China's Intellectual Movement.
St. John's University,Shanghai may be searched online www.ask.com.
Sino-American Economics of Health,a field of Human Capital for Longevity:
Life begins at age 70.
There are lots of folks at 80s and 90s.
Taking good care is the rule.
Living to be centenarians as rule of thumb.
I claim to be a "xiao huo zi" i.e. a young guy with the mindset from Three kinds of Happiness:
1."Zi de qi le" i.e. Self-seeking happiness.
2."Zhu ren wei le" i.e. Helping others to be reflected to own happiness.
3."Zhi zu chang le" i.e. Self-satisfied for happiness forevermore.
I have sent Happiness Formula in previous blogs for reference if clicked on.
Francis Shieh a.k.a. Xie Shihao,a searcher for spiritual happiness beyond material consumption. May 3, 2008 at 9.45 p.m.
Economy's Woes may be moderate:WashPost,5/3/08
"The economy is weak, there is no doubt about that," said Eugenio Aleman,a senior economist with Wells Fargo. "But it's not going to collapse." You bet! I concur without any doubt. However,when the cost of war is mounting,our economy will be in serious trouble as Nobel Laureate Stigler analyzed with insights months ago.
Hong Kong shows warmth to mainland in torch relay as the headlines published by WashPost on May 3,2008 on page A12: "We are a world in a city, where different people with different beliefs and different views have thrived in a spirit of diversity,tolerance and respect," said Hong Kong's chief executive, Donald Tsang,kicking off the relay for Olympics on Friday morning. If I remember correctly,Tsang attended a Jesuit Wahyang College in HK decades ago but he is Chinese with Chinese heritage for awareness of ethnicity to be the leader of SAR,PRC plus inherent philosophy of Confucianism to love motherland with the understanding of globalization of China to join international community for the wellbeing of Chinese and humanity.
Francis Shieh a.k.a. Xie Shihao,a product of Jesuit education in China and in USA with aware of ethnicity and economic globalization as a lifelong student to witness economic happenings in the 21st century. May 3, 2008 at 10.40 a.m.
Hong Kong shows warmth to mainland in torch relay as the headlines published by WashPost on May 3,2008 on page A12: "We are a world in a city, where different people with different beliefs and different views have thrived in a spirit of diversity,tolerance and respect," said Hong Kong's chief executive, Donald Tsang,kicking off the relay for Olympics on Friday morning. If I remember correctly,Tsang attended a Jesuit Wahyang College in HK decades ago but he is Chinese with Chinese heritage for awareness of ethnicity to be the leader of SAR,PRC plus inherent philosophy of Confucianism to love motherland with the understanding of globalization of China to join international community for the wellbeing of Chinese and humanity.
Francis Shieh a.k.a. Xie Shihao,a product of Jesuit education in China and in USA with aware of ethnicity and economic globalization as a lifelong student to witness economic happenings in the 21st century. May 3, 2008 at 10.40 a.m.
Good readings push up dollar:WashPost,May 2,08
Page D3: The government has sent stimulus checks to taxpayers and the effects of the FED's rate cuts working their way through the financial system, many investors are focused on the second half of the year, when they are betting the economy will rebound. My query: In the foreign exchange market,when the Dollar value is up,RMB's value is bound to be down with the supply and demand curves. However,that's not the wish of some policy makers. In other words,the policy makers wish to see RMB to be up vis-a-vis the US Dollar as the recent happenings. But who would know for sure the value of the Dollar vis-a-vis EURO or RMB in the second half of 2008? That remains to be seen. Economics is an INEXACT science,indeed! It deals with many factors that economists are unable to predict the future with exactness. I still remember a query raised by a student decades ago: You are an economist,howcome you are not rich? I replied: I am an economic philosopher and I am not interested in getting rich quick. Moreover,economics is an inexact science in the same catagory as medical science. You may ask a medical doctor:"Can you live a longer life as a holder of MD degree?" Not exactly in good humor! However,the following off-the-cuff recommendation may be useful for reference:
"Qing Xiao" in Pin Yin meaning chuckle or
"Sha Xiao" i.e. Giggle or
"Kuang Xiao" = guffaw.
Laugh it off for any unpleasant situations to maintain equanimity leading to longevity hopefully.
Laughter breeds longevity and smile is the warm-up time. Please try such remedy from the philosophy of good living with the endorsement of MDs who would share such remedy without prescription. Hehehahahoho all the way and we shall strive to be centenarians.Amen.
Francis Shieh a.k.a. Xie Shihao,a seeker to optimize and maximize my life with my nickname as "Changsheng" on Saturday,May 3, 2008
"Qing Xiao" in Pin Yin meaning chuckle or
"Sha Xiao" i.e. Giggle or
"Kuang Xiao" = guffaw.
Laugh it off for any unpleasant situations to maintain equanimity leading to longevity hopefully.
Laughter breeds longevity and smile is the warm-up time. Please try such remedy from the philosophy of good living with the endorsement of MDs who would share such remedy without prescription. Hehehahahoho all the way and we shall strive to be centenarians.Amen.
Francis Shieh a.k.a. Xie Shihao,a seeker to optimize and maximize my life with my nickname as "Changsheng" on Saturday,May 3, 2008
Friday, May 2, 2008
Peace at home is now defunct?WashPost,5/2/08
Page C4: www.peaceathme.org/fact_book.html Domestic abuse may be defined as "man hits woman" but the case maybe reversed now. In Pin Yin,the expression used to be:
"Jie ji sui ji" i.e. a married women goes the way of her husband.
But it may be revised as "Qu ji sui ji" i.e. Hooked up with a chic and follow the chic all the way in every way" to be a "Yes" husband.
Chairman Mao said: "women cover half the sky" but it should be updated to be: "women cover the entire sky!"
Whether you would concur or demur,the case would depend on the mercy of the beloved better half to treat the worse-half.
Enjoy the modified lines for fun in the households as another case of Sino-American Economics. Economics and Management are in the same boat but who is a better manager? Ask you Mom and you get the right answer unquestionably.
Francis Shieh a.k.a. Xie Shihao,a learner studies human behavior as Microeconomics. May 2, 2008
Francis Shieh a.k.a. Xie Shihao on May 2nd at 1.10 p.m.
"Jie ji sui ji" i.e. a married women goes the way of her husband.
But it may be revised as "Qu ji sui ji" i.e. Hooked up with a chic and follow the chic all the way in every way" to be a "Yes" husband.
Chairman Mao said: "women cover half the sky" but it should be updated to be: "women cover the entire sky!"
Whether you would concur or demur,the case would depend on the mercy of the beloved better half to treat the worse-half.
Enjoy the modified lines for fun in the households as another case of Sino-American Economics. Economics and Management are in the same boat but who is a better manager? Ask you Mom and you get the right answer unquestionably.
Francis Shieh a.k.a. Xie Shihao,a learner studies human behavior as Microeconomics. May 2, 2008
Francis Shieh a.k.a. Xie Shihao on May 2nd at 1.10 p.m.
Robert Kagan's article: Ideology's Rude Return
Published by the Washington Post,May 2,2008 page A21:
The writer used the word Autocracy to describe Russia and China as a "challenge" to the liberal West. Such approach appears to be antagonistic for readers as I would perceive the gist of the article. My humble comments are as follows:
1. Russia and China are two sovereign nations and two nations have different tradition and culture. They should not be put into the same catagory.
2. CIA Chief cited China not as a threat as published by the Washington Post.
3. Chairman of the Joint Chiefs of Staff,Navy Admiral Mike Mullen used the word "vulnerability" as published by the WashPost,May 1,08 on page A4. Query: Should we cultivate friendship with Russia and China instead of being negative to use the word "challenge" to the United States. Nations must tolerate values in the nuclear age for coexistence.
4. The writer is a senior associate at the Carnegie Endowment for International Peace. I would also stress peace and economic development for USA to deal with Russia and China rather than thinking about cooperations as the dream. His latest book entitled "The Return of History and the End of Dreams" may be reconsidered in light of the progress in the 21st century re not returning to history and One World,One Dream for Beijing 2008 Olympics. The good dream of working together of all nations.
5. He cited Russian foreign minister Lavrov to welcome the return of ideological competition but no mention of any citation from Chinese foreign minister as a matter of equal citation. Such conclusion would not dovetail with the citation of Russia and China as the same entity in other paragraphs.
6. I would hope that the writer be informed about US-China economic relations or Sino-American Economics to see the real difference of the relationships among USA,Russia and China in proper light from empirical evidence.
Francis Shieh,a student to watch the events for USA and China with interest in Russia as well in terms of economics of globalization. May 2, 2008
The writer used the word Autocracy to describe Russia and China as a "challenge" to the liberal West. Such approach appears to be antagonistic for readers as I would perceive the gist of the article. My humble comments are as follows:
1. Russia and China are two sovereign nations and two nations have different tradition and culture. They should not be put into the same catagory.
2. CIA Chief cited China not as a threat as published by the Washington Post.
3. Chairman of the Joint Chiefs of Staff,Navy Admiral Mike Mullen used the word "vulnerability" as published by the WashPost,May 1,08 on page A4. Query: Should we cultivate friendship with Russia and China instead of being negative to use the word "challenge" to the United States. Nations must tolerate values in the nuclear age for coexistence.
4. The writer is a senior associate at the Carnegie Endowment for International Peace. I would also stress peace and economic development for USA to deal with Russia and China rather than thinking about cooperations as the dream. His latest book entitled "The Return of History and the End of Dreams" may be reconsidered in light of the progress in the 21st century re not returning to history and One World,One Dream for Beijing 2008 Olympics. The good dream of working together of all nations.
5. He cited Russian foreign minister Lavrov to welcome the return of ideological competition but no mention of any citation from Chinese foreign minister as a matter of equal citation. Such conclusion would not dovetail with the citation of Russia and China as the same entity in other paragraphs.
6. I would hope that the writer be informed about US-China economic relations or Sino-American Economics to see the real difference of the relationships among USA,Russia and China in proper light from empirical evidence.
Francis Shieh,a student to watch the events for USA and China with interest in Russia as well in terms of economics of globalization. May 2, 2008
Wall Street Journal,May 1,2008 OREO
Kraft reformulate Oreo, scores in China: The Oreo has long been the top-selling cookie in the US market. But Kraft Foods Inc. had to reinvest the Oreo to make it sell well in China by tailoring the Oreo to local tastes. Market research,indeed!
Page C2: China hits high note: Shanghai Index rises toward 4000 in the stock market on eve of holiday,Labor Day,May 1st especially Tsingtao Brewery and PetroChina.
Washington Post,May 1, 2008: Old Panda left Japan for eternity with heartfelt sorrows from all Panda-lovers. Should folks be human-lovers as well? Be nice to all folks regardless of color,age and other factors? Homosapiens are the same,indeed!
May 2,2008: Media in USA and in China reported the same problems: High costs of food in China and in the USA. Why? You be the judge to find out the obvious reasons: too well-known to be mentioned! Think and Ponder! Francis Shieh a.k.a. Xie Shihao,a student of economics to find out the compound-complex nature of economics in all nations to all folks. May 2, 2008 at 7.12 a.m.
Page C2: China hits high note: Shanghai Index rises toward 4000 in the stock market on eve of holiday,Labor Day,May 1st especially Tsingtao Brewery and PetroChina.
Washington Post,May 1, 2008: Old Panda left Japan for eternity with heartfelt sorrows from all Panda-lovers. Should folks be human-lovers as well? Be nice to all folks regardless of color,age and other factors? Homosapiens are the same,indeed!
May 2,2008: Media in USA and in China reported the same problems: High costs of food in China and in the USA. Why? You be the judge to find out the obvious reasons: too well-known to be mentioned! Think and Ponder! Francis Shieh a.k.a. Xie Shihao,a student of economics to find out the compound-complex nature of economics in all nations to all folks. May 2, 2008 at 7.12 a.m.
Thursday, May 1, 2008
CIA Chief Michael Hayden:WashPost,May 1, 2008
Page A15: He sees unrest rising with population. A security trend highlighted by Hayden is the emergence of China as a global economic and military powerhouse,pursuing its strategic and political interests.
Hayden said China's increasing prominence need not be perceived as a direct challenge to the United States. I concur such assessment by virtue of China's reforms to be opening up more for economic development of China and the rest of the world in the name of humanity. It is evident that Sino-American Economics is significant for mutual benefit and the study of Chinese and English languages plus culture by folks in both nations would be the contributing factors for better understanding for peace and development in the 21st century.
Francis Shieh a.k.a. Xie Shihao searching for betterment with my efforts in lifelong learning. May 1, 2008
Hayden said China's increasing prominence need not be perceived as a direct challenge to the United States. I concur such assessment by virtue of China's reforms to be opening up more for economic development of China and the rest of the world in the name of humanity. It is evident that Sino-American Economics is significant for mutual benefit and the study of Chinese and English languages plus culture by folks in both nations would be the contributing factors for better understanding for peace and development in the 21st century.
Francis Shieh a.k.a. Xie Shihao searching for betterment with my efforts in lifelong learning. May 1, 2008
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