Richard Hill is a Senior Lecturer at Southern Cross University,NSW,Australia:
"100 million people face the prospect of hunger and extreme poverty in addition to the 860 millioni who already go to bed each night undernourished. Despite all the posturing of Western governments, international financial institutions, and the odd rock star, it is the world's poor who continue to bear the brunt of the food crises.
His conclusion:"As we saw in the 1970s, the global economy cannot withstand that sort of energy inflation. This is a major reason why those ahead of the curve on sustainability are putting their energies into community gardens and local food systems. My comment: The developed nations should leave no stone unturned to assist the developing nations. Francis Shieh a.k.a. Xie Shihao,a student of economics for more equitable distribution of resources for humankind. June 30, 2008
Monday, June 30, 2008
Sunday, June 29, 2008
Public Service Jobs in China and in USA
It is known that public service jobs are very much encouraged in China under the system. But the USA is catching up with the needs of graduates in the public sector.
New York Times,June 29, 2008 Week in Review page 9:
Both Harvard and Princeton have focused on graduates to consider low-paying public service jobs. As I have detected from my past experience, some have great ideals to serve the nation for public interest but the majority would be interested in the private sector for their careers. Now, the US economy is going weaker and the graduates have to find a way to making a living either in the public or in the private sector. Such case may be the same in China. Well,money makes the graduates go,indeed! Folks have to make a living by having a marketable skill. I taught Economics and the Chinese languages,Mandarin and Wu dialect(Shanghai) for the past decades to earn my living in the public and private sectors as I have noted as a lifelong student of economics.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai, China in 1947 with the pursuits of Three "Du" as my learning and teaching career. namely: 1. Dushu. 2. Jiaoshu. 3. Xie Shu. Thanks and have a great day,everyday when the readers are aware of the two sectors of the economy. June 29, 2008.
New York Times,June 29, 2008 Week in Review page 9:
Both Harvard and Princeton have focused on graduates to consider low-paying public service jobs. As I have detected from my past experience, some have great ideals to serve the nation for public interest but the majority would be interested in the private sector for their careers. Now, the US economy is going weaker and the graduates have to find a way to making a living either in the public or in the private sector. Such case may be the same in China. Well,money makes the graduates go,indeed! Folks have to make a living by having a marketable skill. I taught Economics and the Chinese languages,Mandarin and Wu dialect(Shanghai) for the past decades to earn my living in the public and private sectors as I have noted as a lifelong student of economics.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai, China in 1947 with the pursuits of Three "Du" as my learning and teaching career. namely: 1. Dushu. 2. Jiaoshu. 3. Xie Shu. Thanks and have a great day,everyday when the readers are aware of the two sectors of the economy. June 29, 2008.
Harpers,July 2008 J.G. Ballard : Boy from Shanghai
Ballard is born in 1930. Page 15-20. He has no knowledge of Pin Yin system of romanization. "Shanghai was and is one of the largest cities in China. 99% Chinese but 100% Americanized." I wonder how did he get such data?
Writing is one antidote to a simplistic approarch to life. It is most human, humanistic and humanizing of activities. Ideas may rule the underpinnings of our digital civilization. Socrates can still infuse its upper reaches,never tired of poking holes in assumptions by asking questions and noticing distinctions. That is my teaching approach as well.
Francis Shieh a.k.a. Xie Shihao. June 29, 2008
Writing is one antidote to a simplistic approarch to life. It is most human, humanistic and humanizing of activities. Ideas may rule the underpinnings of our digital civilization. Socrates can still infuse its upper reaches,never tired of poking holes in assumptions by asking questions and noticing distinctions. That is my teaching approach as well.
Francis Shieh a.k.a. Xie Shihao. June 29, 2008
Washington Post, June 29, 2008
Page F6: Stocks tumble toward bear market on rising economic concerns that writedowns and record oil prices will keep eroding profit and economic growth.
Page F2: The Chinese stock market has so mesmerized investors in recent years that many have overlooked promising smaller exchanges right in the neighborhood. Case in point: Taiwan, according to Mostrous, editor of the Silk Road Investor, an emerging markets newsletter.
Michael Metz, chief investment strategist at Oppenheimer,rejecting an optimistic consensus that favors a brief, moderate slump in line with economic behavior of the past 15 years. Metz sees unprecedented conditions that have left consumers with stagnant incomes, massive debt and shrinking home values. I agree with such assessment. Let us wait and see the happenings in the days to come.
Francis Shieh a.k.a. Xie Shihao. June 29, 2008
Page F2: The Chinese stock market has so mesmerized investors in recent years that many have overlooked promising smaller exchanges right in the neighborhood. Case in point: Taiwan, according to Mostrous, editor of the Silk Road Investor, an emerging markets newsletter.
Michael Metz, chief investment strategist at Oppenheimer,rejecting an optimistic consensus that favors a brief, moderate slump in line with economic behavior of the past 15 years. Metz sees unprecedented conditions that have left consumers with stagnant incomes, massive debt and shrinking home values. I agree with such assessment. Let us wait and see the happenings in the days to come.
Francis Shieh a.k.a. Xie Shihao. June 29, 2008
Saturday, June 28, 2008
USAToday, June 27, 2008 page 1E
Starting July 9, 2008 Ted Koppel explores the complex economic ties between USA and China with the Discovery Channel's Koppel on Discovery. The People's Republic of Capitalism 10 p.m. ET/PT Reported over the course of 8 months - A commitment to broadcast journalism.
My goal is to promote understanding among the peoples in the USA and in China with a commitment to an increasingly interconnected global community. I am actively working on blogging activities to increase knowledge and enhance dialogue. It is evident that encouraging creative expressions of Chinese culture via Pin Yin would generate new ideas in the fields of economics and languages(both English and Mandarin Chinese plus Wu dialect.(Shanghai) When I love what I do, it's not a job,it's my vacation with fun.
As a native of Shanghai,I am proud of achievements in Shanghai especially the upcoming Shanghai Expo in 2010.
Francis Shieh a.k.a. Xie Shihao, a graduate of St.John's University, Shanghai in 1946, 62 years ago! June 28, 2008
My goal is to promote understanding among the peoples in the USA and in China with a commitment to an increasingly interconnected global community. I am actively working on blogging activities to increase knowledge and enhance dialogue. It is evident that encouraging creative expressions of Chinese culture via Pin Yin would generate new ideas in the fields of economics and languages(both English and Mandarin Chinese plus Wu dialect.(Shanghai) When I love what I do, it's not a job,it's my vacation with fun.
As a native of Shanghai,I am proud of achievements in Shanghai especially the upcoming Shanghai Expo in 2010.
Francis Shieh a.k.a. Xie Shihao, a graduate of St.John's University, Shanghai in 1946, 62 years ago! June 28, 2008
Xuezhe haohao dui qinren: The Scholar treats the beloved
The Six Guidelines to be a perfect gentleman or a kind lady: - Starting to develop friendship with wisdom to be remembered everyday to be cheerful, optimistic and upbeat leading to "Yi qie ru yi" in Pin Yin.
1. Hao you jue dui bu wei cuo.
2. Ru guo you cuo,yi ding shi wo kan cuo.
3. Ru guo mei kan cuo,yi ding shi wo de cuo,cai rang hao you fan cuo.
4. Ru guo ta you cuo,zhi yao ta bu ren cuo,ta ju mei cuo.
5. Ru guo bu ren cuo,wo yi wei ta cuo,na jiu shi wo de cuo.
6. Zong zhi,hao you bu wei cuo,zhi ju hua jue dui bu hui cuo.
When Hao you develops to be qinren,the loved one becomes the beloved.
The above Pin Yin may be useful for all those in USA and in China to get the drift(dayi) i.e. the meaning of Pin Yin system of romanization.
The following humorous expressions in Pin Yin can be understood by those who know the Chinese characters otherwise studying Chinese characters from Pin Yin to enjoy such Chinese expressions in the light vein.
"San Cong Si De." the Chinese contemporay ways of a model couple: Three things to obey:
1.Mai wu yao gen cong. 2. Fen fu yao fu cong. 3. Sheng qi yao mang cong.
Four things to be virtuous:
1. Sheng ri yao ji de. 2. Wan gui yao deng de. 3. Hua qian yao she de. 4. Fa wei yao ren de.
Francis Shieh a.k.a. Xie Shihao. June 28, 2008
1. Hao you jue dui bu wei cuo.
2. Ru guo you cuo,yi ding shi wo kan cuo.
3. Ru guo mei kan cuo,yi ding shi wo de cuo,cai rang hao you fan cuo.
4. Ru guo ta you cuo,zhi yao ta bu ren cuo,ta ju mei cuo.
5. Ru guo bu ren cuo,wo yi wei ta cuo,na jiu shi wo de cuo.
6. Zong zhi,hao you bu wei cuo,zhi ju hua jue dui bu hui cuo.
When Hao you develops to be qinren,the loved one becomes the beloved.
The above Pin Yin may be useful for all those in USA and in China to get the drift(dayi) i.e. the meaning of Pin Yin system of romanization.
The following humorous expressions in Pin Yin can be understood by those who know the Chinese characters otherwise studying Chinese characters from Pin Yin to enjoy such Chinese expressions in the light vein.
"San Cong Si De." the Chinese contemporay ways of a model couple: Three things to obey:
1.Mai wu yao gen cong. 2. Fen fu yao fu cong. 3. Sheng qi yao mang cong.
Four things to be virtuous:
1. Sheng ri yao ji de. 2. Wan gui yao deng de. 3. Hua qian yao she de. 4. Fa wei yao ren de.
Francis Shieh a.k.a. Xie Shihao. June 28, 2008
Friday, June 27, 2008
Downward spirals with upward attitude for joy
Washington Post,June 27,2008 page D1: bank failures,hedge fund meltdowns and 6% unemployment..heading toward recession... We should have sense of humor to learn from Mark Twain a.k.a. Samuel Clements, a celebrated author and humorist. He has a keen intellect with the ability to communicate clearly and eloquently to a wide audience and a spirituality that is full of love. Love relationships possess, enliven,delight, exalt, and transport. Poor economy induces crimes. If money is stolen or lost,such incident may be considered as voluntary or involuntary donation to the less fortunate. It is the mindset to do eleemosynary work for humankind.
Francis Shieh a.k.a. Xie Shihao,a doer to be kind to other folks. June 27, 2008
Francis Shieh a.k.a. Xie Shihao,a doer to be kind to other folks. June 27, 2008
We are all consumers in USA and in China
As any society becomes more affluent, it is difficult to keep the consumer behaving in a price competitive manner. Now that Chinese consumers are richer, they do not appear to take as much time to stretch their money further. They are not price conscious. However,the American consumers try to change the lifestyles as reported in the media nowadays due to higher costs of fuel and food. The rich folks in China would lead to impulse buying, which presumably means that retailers can sell commodities at higher prices than they would otherwise. Such spending would affect the level of aggregate demand in the consumption sector of GDP. When the rate of growth is not reduced,inflation icreases. If supply and demand increase at the same time and at the same rate, inflation would be curbed in the long run. Such is a dream in the thought of academic community. It would be probable or improbable - i.e. getting consumers to shop more judiciously would lead to a reduction in prices.(sic)
If responses are to be elicited from thoughtful readers of this blog,varied scenarios may be scintillating. I rest my blog here.
Francis Shieh a.k.a. Xie Shihao,a lifelong learner of behavioral economics. June 27, 2008
If responses are to be elicited from thoughtful readers of this blog,varied scenarios may be scintillating. I rest my blog here.
Francis Shieh a.k.a. Xie Shihao,a lifelong learner of behavioral economics. June 27, 2008
Thursday, June 26, 2008
Labor Market Common Ground for USA/China
Addenda to the previous blog: The ever evolutionary developments within the labor market attributable to foreign languages have given rise to new trends that merit investigation. Various foreign languages can only be derived from research and innovation i.e. idiolect and nuance.
The major elements of innovation are information,research, training and retraining. Continuous training coupled with productive efforts would lead to new methods and applications. Training research, therefore, is an imperative for professional development.
Clearly, it is the responsibility of the public and private sectors to promote and improve training and to provide the means of ensuring that the cost of training is cost beneficial for all concerned especially in foreign languages. www.Dictyon.net for reference.
Francis Shieh a.k.a. Xie Shihao. June 26, 2008
The major elements of innovation are information,research, training and retraining. Continuous training coupled with productive efforts would lead to new methods and applications. Training research, therefore, is an imperative for professional development.
Clearly, it is the responsibility of the public and private sectors to promote and improve training and to provide the means of ensuring that the cost of training is cost beneficial for all concerned especially in foreign languages. www.Dictyon.net for reference.
Francis Shieh a.k.a. Xie Shihao. June 26, 2008
Common Ground in USA/China: Work -Study Cycle
Work-Study is a good initiative: As a former economist with U.S. Department of Labor,I wish to state categorically that labor should be viewed as a kind of human capital resulting from a combination of formal education,work experience in the specific field and lifelong self-study. I have been involved in such pursuits in USA for decades. Such progress may be viewed as a process of learning through experience with added expertise in educational and professional output. Cf."Work and Study Cycle Theory" www.ask.com for reference. In the United States, on the job training (OJT) has been popular in governmental, academic, industrial and business institutions with extra dimension for economic benefit. I believe such practice would be beneficial to China as well especially the Apprenticeship Programs for training the workers on both sides of the Pacific,the USA and China. Cf." Keys for Economic Understanding" www.Amazon.com online book catalog.
Francis Shieh a.k.a. Xie Shihao, a lifelong student for learning via OJT and a teacher at present from June 16, 2008 to July 15, 2008. June 26, 2008
Francis Shieh a.k.a. Xie Shihao, a lifelong student for learning via OJT and a teacher at present from June 16, 2008 to July 15, 2008. June 26, 2008
Monday, June 23, 2008
Wall St.Journal,Washington Post,June 23, 2008
WSJ page C2: China Merchant Bank aims to buy Hong Kong's Wing Lung (US$4.7 billion)
CMB plans to further diversify its operations through the integration with WLB which has licences for securities, futures, insurance,trust, and asset management businesses in Hong Kong.
WashPost Page D1,D3: Shaking up China's Medical System: Bethesda, Maryland firm breaks into new market with Western style hospitals catering to wealthy and affluent expatriates: Clinics in Beijing,Shanghai and Guangzhou. "Chinder" CEO Roberta Lipson said it was her moral imperative to help improve health care in China. My comment: Could it be a profit-oriented motive to make more profit under the market system in China?
Moral imperative or mental illusion to charge higher fees for patients in China? It should be known that not all expatriates are affluent during the time of global economic slowdown.
Francis Shieh a.k.a. Xie Shihao,a learner of the market system in USA and in China with positive and negative externalities for market imperfactions. June 23, 2008
CMB plans to further diversify its operations through the integration with WLB which has licences for securities, futures, insurance,trust, and asset management businesses in Hong Kong.
WashPost Page D1,D3: Shaking up China's Medical System: Bethesda, Maryland firm breaks into new market with Western style hospitals catering to wealthy and affluent expatriates: Clinics in Beijing,Shanghai and Guangzhou. "Chinder" CEO Roberta Lipson said it was her moral imperative to help improve health care in China. My comment: Could it be a profit-oriented motive to make more profit under the market system in China?
Moral imperative or mental illusion to charge higher fees for patients in China? It should be known that not all expatriates are affluent during the time of global economic slowdown.
Francis Shieh a.k.a. Xie Shihao,a learner of the market system in USA and in China with positive and negative externalities for market imperfactions. June 23, 2008
Happiness Paradox: seems contrary yet is true!
Washington Post, June 23, 2008 page A2: Economist Richard A. Easterlin at the University of Southern California noticed the paradoxical disconnect between a nation's ecoomic growth and growth of its happiness. I lectured in Shanghai about Happiness is not material consumption over desire only but intellectual pursuit, spiritual satisfaction plus good health must be added to the numerator over the Desire as the denominator for the Equation of Happiness as I sent my previous blogs to the same effect. I am so glad to compare notes with a fellow economics educator today as published. Such may be the common ground for folks in USA and in China as well. Francis Shieh a.k.a. Xie Shihao,a lifelong student of economic philosophy as Adam Smith was a professor of moral philosophy,the author of "Wealth of Nations." June 23, 2008 at 7.08 a.m.
Saturday, June 21, 2008
Mini page for kids.Washington Post,June 22, 2008
China's Resources: Shanghai is the biggest city in China and the second largest port in the world. Since the 1970s it has been growing by leaps and bounds. There are more than 300 skyscrapers in Shanghai. Abot 25 years ago, there was only one skyscraper. The city now has some of the tallest buildings in the world.
The XXIX(29th) Olympic Games will be held in Beijing, China. Aug 8 through 24, 2008.
China has the biggest source of hydroelectric, or water-produced, power on Earth. About 20% of China is covered with forest. China has good supplies of many metals, including tin, tungsten, zinc, gold, iron, lead,aluminum, uranium and copper. It produces more steel than any other country. The giant panda is one of the most loved animals in the world. About 15% of all the world's fish caught each year come from China's seas and rivers. www.askasia.org
Francis Shieh, a native of Shanghai and was an American Expert in Beijing from 1993-1996, a Fulbright Senior Scholar, Hong Kong, 1989-1990. June 21, 2008 at 8.56 p.m.
The XXIX(29th) Olympic Games will be held in Beijing, China. Aug 8 through 24, 2008.
China has the biggest source of hydroelectric, or water-produced, power on Earth. About 20% of China is covered with forest. China has good supplies of many metals, including tin, tungsten, zinc, gold, iron, lead,aluminum, uranium and copper. It produces more steel than any other country. The giant panda is one of the most loved animals in the world. About 15% of all the world's fish caught each year come from China's seas and rivers. www.askasia.org
Francis Shieh, a native of Shanghai and was an American Expert in Beijing from 1993-1996, a Fulbright Senior Scholar, Hong Kong, 1989-1990. June 21, 2008 at 8.56 p.m.
Another Panda baby could be coming:dcexaminer.com
Scientists at the National Zoo, Washington, D.C. found a spike in hormone levels in Mei Xiang,the female giant panda that could mean she is carrying the next baby panda.
It is no secret that Americans love pandas. "Kungfu Panda" -NOTE:should be Gongfu in Pin Yin. Bumped from No. 1 movie spot bringing in $60 milliion. One of the five mascots for the Beijing Summer Olymoics is a panda, named Jingjing.
Washington Post,June 21, 2008 page B3:Female pandas often have pseudo-pegnancies in which their short breeding is followed by physical, hormonal and behavioral changes that mimic the real thing. It may be known by mid to late July.
Such is the Sino-American Economics of "All-love Panda Event." Hehehahahoho all the way and we shall learn the outcome of another Baby Tai-shan or otherwise?
Francis Shieh a.k.a. Xie Shihao, a watcher of the love life of Chinese Panda living in USA June 21, 2008
It is no secret that Americans love pandas. "Kungfu Panda" -NOTE:should be Gongfu in Pin Yin. Bumped from No. 1 movie spot bringing in $60 milliion. One of the five mascots for the Beijing Summer Olymoics is a panda, named Jingjing.
Washington Post,June 21, 2008 page B3:Female pandas often have pseudo-pegnancies in which their short breeding is followed by physical, hormonal and behavioral changes that mimic the real thing. It may be known by mid to late July.
Such is the Sino-American Economics of "All-love Panda Event." Hehehahahoho all the way and we shall learn the outcome of another Baby Tai-shan or otherwise?
Francis Shieh a.k.a. Xie Shihao, a watcher of the love life of Chinese Panda living in USA June 21, 2008
Friday, June 20, 2008
MGM Mirage announces hotel project in China
Washington Post, June 20, 2008 page D6: A Plan for a joint venture on a non-gambling hotel in China. The Las Vegas-based casino company says its hospitality arm, MGM Mirage Hospitality, plans to provide development and management services for the plaza project in Tianjin, China. It would include two towers, with a luxury hotel to be named MGM Grand Tianjin, condo and office, spa and restaurant facilities. The Chinese partner in the joint venture is Diaoyutai State Guesthouse.
Page A12: China takes the flavor out of menus: Official English translations of the names of more than 2,000 native dishes, suggesting that restaurants use these for Olympic visitors rather than the sometimes startling local names. For example, diners should be offered "Mapo tofu" instead of "beancurd made by a pockmarked woman" and "steamed pullet" rahter than "chicken without sexual life."
Francis Shieh a.k.a. Xie Shihao selected the above for Sino-American Economics. June 20, 2008 at 6.43 p.m.
Page A12: China takes the flavor out of menus: Official English translations of the names of more than 2,000 native dishes, suggesting that restaurants use these for Olympic visitors rather than the sometimes startling local names. For example, diners should be offered "Mapo tofu" instead of "beancurd made by a pockmarked woman" and "steamed pullet" rahter than "chicken without sexual life."
Francis Shieh a.k.a. Xie Shihao selected the above for Sino-American Economics. June 20, 2008 at 6.43 p.m.
Thursday, June 19, 2008
Wall Street Journal,June 19, 2008 PageA!A9A15
In the rubble of Sichuan, Chinese gives workers haircuts and sees a brighter future for herself as a displaced person to get back to business. A chef opened a restaurant with 3 partners with published photo.
US-China make gains on investing: China's Minister of Commerce,Chen DeMing was the mayor of Suzhou when I lectured at Suda in 1999 and there was a party for the experts. He said:"Investing abroad is a way to address trade surpluses and China wants to play a more responsible role in world economic stability."
Economist Arthur Laffer quoted JFK -"No American is ever made better off by pulling a fellow American down, and all of us are made better offfwhenever any one of us is made better off." Perhaps such analogy may be applied to "A rising tide raises all boats." re Sino-American Economics. Francis Shieh a.k.a. Xie Shihao. June 19, 2008
US-China make gains on investing: China's Minister of Commerce,Chen DeMing was the mayor of Suzhou when I lectured at Suda in 1999 and there was a party for the experts. He said:"Investing abroad is a way to address trade surpluses and China wants to play a more responsible role in world economic stability."
Economist Arthur Laffer quoted JFK -"No American is ever made better off by pulling a fellow American down, and all of us are made better offfwhenever any one of us is made better off." Perhaps such analogy may be applied to "A rising tide raises all boats." re Sino-American Economics. Francis Shieh a.k.a. Xie Shihao. June 19, 2008
US-China agree to investing talks:WashPost 6/19/08
Page D8: The US and China concluded economic talks, agreed to launch negotiations on investment that holds the promise of expanded opportunities for US firms in China's vast market. Treasury Secretary Paulson announced:"Some of the most important challenges facing our nations and the world: energy security, environmental sustainability and climate change" As I sent my previous blogs,both US and China must cooperate and collaborate for energy and eenvironmental and other issues for the wellbeing of humanity.
Japan and China agree to gas exploration. Such joint agreement would be a reference for USA to be aware of peace and economic development in East Asia and the world.
Francis Shieh a.k.a. Xie Shihao,a watcher of Sino-American Economics for decades from 1947 to date. June 19, 2008 at 7.06 a.m.
Japan and China agree to gas exploration. Such joint agreement would be a reference for USA to be aware of peace and economic development in East Asia and the world.
Francis Shieh a.k.a. Xie Shihao,a watcher of Sino-American Economics for decades from 1947 to date. June 19, 2008 at 7.06 a.m.
Wednesday, June 18, 2008
USAToday,June 18, 2008 and WashPost,6/18/08
Page 1B: Headlines: Wholesale prices clamber upward. My comment: Such happening will be reflected in the Consumer Price Index in the months to come. FED faces slowing growth, rising potential for inflation.
"Stagflation" is what I put in my blogs in the past as a student of economics but I maybe mistaken for the wellbeing of all folks in USA. Time will tell in the days to come.
Page 5B Energy, inflation worries sink stocks. My comment: US stocks are down and stockholders are upset but such turns are subject to change for loss or for gain as the case maybe. Material things cannot make us happy!?
Washington Post, June 18, 2008: Secretary of Treasury Paulson said: "The US and China don't always agree on economic issues. Sometimes we may disagree quite strongly, but we keep talking." My comment: Any dialogue would be desirable for better understanding and mutual benefit in the days to come. I can be as deeply wise as a philosopher or as frivolous as a person with a child-like heart for gusto and zest plus moxie. June 18, 2008
Francis Shieh a.k.a. Xie Shihao who believes in communications preferably with the understanding of Pin Yin system from the original meaning in Chinese. June 18, 2008
"Stagflation" is what I put in my blogs in the past as a student of economics but I maybe mistaken for the wellbeing of all folks in USA. Time will tell in the days to come.
Page 5B Energy, inflation worries sink stocks. My comment: US stocks are down and stockholders are upset but such turns are subject to change for loss or for gain as the case maybe. Material things cannot make us happy!?
Washington Post, June 18, 2008: Secretary of Treasury Paulson said: "The US and China don't always agree on economic issues. Sometimes we may disagree quite strongly, but we keep talking." My comment: Any dialogue would be desirable for better understanding and mutual benefit in the days to come. I can be as deeply wise as a philosopher or as frivolous as a person with a child-like heart for gusto and zest plus moxie. June 18, 2008
Francis Shieh a.k.a. Xie Shihao who believes in communications preferably with the understanding of Pin Yin system from the original meaning in Chinese. June 18, 2008
Oil takes center stage in US-China talks:WashPost 6/18/08
Washington Post,June 18, 2008 page D5: Colin Bradford, a senior fellow at the Brookings Institution said: "We have been asking the Chinese to adopt our policies in terms of exchange rates, financial deregulation and everything else to follow our model rather than selectively deciding what fits our mutual interests and pursuing that. My feeling is there is an enormous need to restart the dialogue with China in a new administration. My comment: I do agree with such statement as a blogger at www.Blogger.com re Sino-American relations. June 18, 2008
Tuesday, June 17, 2008
China signs trade deals with major US companies
Washington Post, June 17, 2008 page D8: The agreements, numbering more than 30, cover a wide range of businesses, from General Motors and Ford to Cisco Systems and Motorola. These partnerships will stimulate American jobs and contribute to our country's economic growth. said Tom Donohue,president of the US Chamber of Commerce. Signing these contracts is an example of the strong commercial bonds being forged between the United States and China. GM would export $1 billion worth of vehicles, component kits, machinery and equipment to Shanghai GM, through 2010. Shanghai will be the host for Expo in 2010. As an American citizen from Shanghai,I am delighted to witness such happening to fulfill my past vision for the mutual benefit of the United States and China in the 21st century.
Francis Shieh a.k.a. Xie Shihao, a graduate of St.John's University,Shanghai in 1946 and earned my M.A. and Ph.D. in economics in the United States. But I am a lifelong student to validate my "Work and Study Cycle Theory" www.ask.com for reference. June 17, 2008 at 6.26 a.m.
Francis Shieh a.k.a. Xie Shihao, a graduate of St.John's University,Shanghai in 1946 and earned my M.A. and Ph.D. in economics in the United States. But I am a lifelong student to validate my "Work and Study Cycle Theory" www.ask.com for reference. June 17, 2008 at 6.26 a.m.
Monday, June 16, 2008
USA Today,June 16,08 and :Unequal Democracy by Prof.Bartels
Page 3A: Bank robberies increase around USA. Economic reasons!
Page 10A: China welcomes the world. This is 30th anniversary of China's reforms since 1978. Watch the changes in the last 3 decades.
Page 4B: Capitalism has run amok. There are problems of such ism but I am aware of two sectors,namely the public and private sectors in US economy and China's economy as well.
Princeton University Professor Larry Bartels has findings about a partisan pattern between the rich and the poor. Over the past half-century, he concludes, Republican presidents have allowed income inequality to expand, while Democratic presidnts generally have not.
Make your own judgment to vote in November 2008
Francis Shieh a.k.a. Xie Shihao,a voter in good standing since 1955. June 16, 2008
Page 10A: China welcomes the world. This is 30th anniversary of China's reforms since 1978. Watch the changes in the last 3 decades.
Page 4B: Capitalism has run amok. There are problems of such ism but I am aware of two sectors,namely the public and private sectors in US economy and China's economy as well.
Princeton University Professor Larry Bartels has findings about a partisan pattern between the rich and the poor. Over the past half-century, he concludes, Republican presidents have allowed income inequality to expand, while Democratic presidnts generally have not.
Make your own judgment to vote in November 2008
Francis Shieh a.k.a. Xie Shihao,a voter in good standing since 1955. June 16, 2008
Sunday, June 15, 2008
What is Economics? The query of queries!
"Economics, like math, is something most folks rationalized they would never neeed to know after graduation." Published by the Book World,June 15,m 2008 oage 11. Nancy Lloyd is an economist,formerly with Federal Reserve Board. Author of "Simple Money Solutions." She made such comments:"But with gas prices soaring, home values sinking, consumer debt rising and jobs vanishing, it is hard to deny that economics affects our daily lives and livelihoods. While pundits and campaign leaders kick around economic issues and possible solutions, books aspire to jump start our economic intelligence quotient." I would agree but economics is not mathematics.
The following works are listed below for your references:
1. Keys for Economic Understanding. Kendall Hunt Publisher 1971. Listed at www.Amazon.com online book catalog.
2. Keys to Economic Understanding. Ditto 1976.www.ask.com
3. Work and Study Cycle Theory. 1978. Listed at www.ask.com
4. Whatever Happened to Thrift? By Ronald Wilcox, a professor of business administration. He said: "Americans spend too much, leaving them ill-equipped to meet unforeseen needs."
As I sent my previous blogs,philosophy of life should be studied to avoid free-fall lifestyles in USA. Confucianism may be excellent intellectual challenges for Americans apropos of Sino-American economics.
Francis Shieh a.k.a. Xie Shihao on Sunday,June 15, 2008
The following works are listed below for your references:
1. Keys for Economic Understanding. Kendall Hunt Publisher 1971. Listed at www.Amazon.com online book catalog.
2. Keys to Economic Understanding. Ditto 1976.www.ask.com
3. Work and Study Cycle Theory. 1978. Listed at www.ask.com
4. Whatever Happened to Thrift? By Ronald Wilcox, a professor of business administration. He said: "Americans spend too much, leaving them ill-equipped to meet unforeseen needs."
As I sent my previous blogs,philosophy of life should be studied to avoid free-fall lifestyles in USA. Confucianism may be excellent intellectual challenges for Americans apropos of Sino-American economics.
Francis Shieh a.k.a. Xie Shihao on Sunday,June 15, 2008
"The Modern Rules of Personal Finance" By Susan Berson
The author is a former senior trial attorney with the US Department of Justice. Published by American Bar Association in 2008. Available in Borders Bookstore.
Money impacts every corner of our lives and dictates the way we live today and how we'll be able to live tomorrow. The book is dedicated to those who are prosperous in spirit i.e. "Jingshenwenming in Pin Yin. "Qingniyixiao!"
Most Americans either feel smothered by loans and credit card debt, or euphoric at being flush with cash from a paycheck, preparing to engage in mass consumerism and purchased the accouterments of wealth from their hourly compensation. Such idea maybe unwise in my way of thinking.
Common to everyone is the oft-quoted axiom "people don't plan to fail, they fail to plan." That is true to financial success. I plan everyday for my intellectual pursuit with money for essentials as needed.
How to manage what I can control: money. Effective money management is the tool that is going to help me find the means to achieve my dream. My companion would be my advisor in the short run and in the long run. My ideal companion would be an understanding person deserving a comfortable life but not seeking luxurious living that may be meaningless if we are pursuing our "jingshenwenming" as well in this world. Francis Shieh a.k.a. Xie Shihao on Sunday,June 15, 2008
Money impacts every corner of our lives and dictates the way we live today and how we'll be able to live tomorrow. The book is dedicated to those who are prosperous in spirit i.e. "Jingshenwenming in Pin Yin. "Qingniyixiao!"
Most Americans either feel smothered by loans and credit card debt, or euphoric at being flush with cash from a paycheck, preparing to engage in mass consumerism and purchased the accouterments of wealth from their hourly compensation. Such idea maybe unwise in my way of thinking.
Common to everyone is the oft-quoted axiom "people don't plan to fail, they fail to plan." That is true to financial success. I plan everyday for my intellectual pursuit with money for essentials as needed.
How to manage what I can control: money. Effective money management is the tool that is going to help me find the means to achieve my dream. My companion would be my advisor in the short run and in the long run. My ideal companion would be an understanding person deserving a comfortable life but not seeking luxurious living that may be meaningless if we are pursuing our "jingshenwenming" as well in this world. Francis Shieh a.k.a. Xie Shihao on Sunday,June 15, 2008
Saturday, June 14, 2008
"Predictably Irrational" by Dan Ariely & Energy problem
HarperCollins Publishers $25.95 for "Predictably Irrational" endorsed by Nobel laureates in Economics.
Dan Ariely is Professor of Behavioral Economics at MIT.(Not Made In Taiwan!)
Page 109: "The problem of Procrastination and Self-Control: Onto the American scene, populated by big homes, big cars, and big screen plasma TV, comes another big phenomenon: the biggest decline in the personal saving rate since the Great Depression. Go back 25 years, and double digit savings rates were the norm. In 1994, the saving rate was 5% but by 2006 saving rate fell below zero to negative 1%. Americans were not only not savings; they were spending more than they earned. Europeans save an average of 20%. Japan's rate is 25%. China is 50%. So what's up with America? Happenings for profound thoughts!
Americans have succumbed to rampant consumerism.
Page 110: The average American familiy has 6 credit cards. In 2005, 6 billion direct-mail solicitations for credit cards. Frighteningly, the average family debt is about $9,000 and 7 in 10 households borrow on credit cards to cover basic living expenses as food, utilities, and clothing."
My comment: Can Americans learn to save? American lifestyle is to enjoy now and pay later. I remember in the textbook by Prof. Samuelson of MIT: Happiness is material consumption over desire. In my previous blog,I would add intellectual pursuits and spiritual satisfaction with good health in the numerator over the Desire as Denominator in the Equation for Happiness. Such thoughts may be found in Confucianism but Asian philosophy is not taught in USA. However,it is being taught in China nowadays. Impacts are seen in the media if noticed.
Addenda: Pete Morton,Economist at Wilderness Society wrote: " The oil and gas industry has 44 million acres of public land under lease, mostly in Colorado,Montana, New Mexico, Utah and Wyoming, but only 14 million acres are in production. Domestic drilling opportunities are not scare, and additonal leasing has little marginal value for lowering energy prices for consumers.
The US has only 3% of the world's oil, but we consume 24% of the global supply. If we rapidly consume our dwindling supply, we leave future generations in dire straits. Rather than drilling more, we should be investing in energy conservation and efficiency, more fiscal discipline, and more government oversight of energy markets. Demand-side management, strengthening the dollar, and reducing market speculation and manipulation will lower energy prices more efficiently than leasing our widelife refuges and national parks at the expense of future generations. Published by the Washington Post,June 14, 2008 page A14. Such views may be found in Confucianism et passim.
The gist of Sino-American Economics may be found from the above if detected. Thanks for reading and have a great day,everyday! 6/14/2008 at 10.48 a.m.
Dan Ariely is Professor of Behavioral Economics at MIT.(Not Made In Taiwan!)
Page 109: "The problem of Procrastination and Self-Control: Onto the American scene, populated by big homes, big cars, and big screen plasma TV, comes another big phenomenon: the biggest decline in the personal saving rate since the Great Depression. Go back 25 years, and double digit savings rates were the norm. In 1994, the saving rate was 5% but by 2006 saving rate fell below zero to negative 1%. Americans were not only not savings; they were spending more than they earned. Europeans save an average of 20%. Japan's rate is 25%. China is 50%. So what's up with America? Happenings for profound thoughts!
Americans have succumbed to rampant consumerism.
Page 110: The average American familiy has 6 credit cards. In 2005, 6 billion direct-mail solicitations for credit cards. Frighteningly, the average family debt is about $9,000 and 7 in 10 households borrow on credit cards to cover basic living expenses as food, utilities, and clothing."
My comment: Can Americans learn to save? American lifestyle is to enjoy now and pay later. I remember in the textbook by Prof. Samuelson of MIT: Happiness is material consumption over desire. In my previous blog,I would add intellectual pursuits and spiritual satisfaction with good health in the numerator over the Desire as Denominator in the Equation for Happiness. Such thoughts may be found in Confucianism but Asian philosophy is not taught in USA. However,it is being taught in China nowadays. Impacts are seen in the media if noticed.
Addenda: Pete Morton,Economist at Wilderness Society wrote: " The oil and gas industry has 44 million acres of public land under lease, mostly in Colorado,Montana, New Mexico, Utah and Wyoming, but only 14 million acres are in production. Domestic drilling opportunities are not scare, and additonal leasing has little marginal value for lowering energy prices for consumers.
The US has only 3% of the world's oil, but we consume 24% of the global supply. If we rapidly consume our dwindling supply, we leave future generations in dire straits. Rather than drilling more, we should be investing in energy conservation and efficiency, more fiscal discipline, and more government oversight of energy markets. Demand-side management, strengthening the dollar, and reducing market speculation and manipulation will lower energy prices more efficiently than leasing our widelife refuges and national parks at the expense of future generations. Published by the Washington Post,June 14, 2008 page A14. Such views may be found in Confucianism et passim.
The gist of Sino-American Economics may be found from the above if detected. Thanks for reading and have a great day,everyday! 6/14/2008 at 10.48 a.m.
Friday, June 13, 2008
ATLANTIC magazine,July/August 2008 issue
Is Google making us stoopid? By Nicholas Carr, author of "The Big Switch: Rewiring the world,from Edison to Google" published earlier this year.
Page 58 "Experiments demonstrate that readers of ideograms(or ideographs) such as the Chinese, develop a mental circuitry for reading that is very different from the circuitry found in those of us whose written language employs an alphabet."
My comment: Pin Yin system of romanization(or Latinization) is phonetic alphabets to represent Chinese characters thereby easing the unwieldy Chinese language aprops of the characters re ideogram to convey the meaning to communicate with the Chinese people. Visitors to Beijing,China for Olympics,I would recommend "A Glimpse of the Chinese Language" www.rand.org or www.Amazon.com online book catalog for explanations of the Pin Yin system of romanization to facilitate the communication of Westerners to folks in China without knowledge of the Chinese characters. Therefore, Pin Yin system maybe the breakthrough of such problems between the East and the West for understanding.
Francis Shieh a.k.a. Xie Shihao meaning thanks from a poetic hero in name only. June 13, 2008
Page 58 "Experiments demonstrate that readers of ideograms(or ideographs) such as the Chinese, develop a mental circuitry for reading that is very different from the circuitry found in those of us whose written language employs an alphabet."
My comment: Pin Yin system of romanization(or Latinization) is phonetic alphabets to represent Chinese characters thereby easing the unwieldy Chinese language aprops of the characters re ideogram to convey the meaning to communicate with the Chinese people. Visitors to Beijing,China for Olympics,I would recommend "A Glimpse of the Chinese Language" www.rand.org or www.Amazon.com online book catalog for explanations of the Pin Yin system of romanization to facilitate the communication of Westerners to folks in China without knowledge of the Chinese characters. Therefore, Pin Yin system maybe the breakthrough of such problems between the East and the West for understanding.
Francis Shieh a.k.a. Xie Shihao meaning thanks from a poetic hero in name only. June 13, 2008
Economist Joseph Stiglitz on Bolivia's leader
In a time of skyrocketing commodity prices, Morales,48,earned the ire of the oil companies and the envy of other Presidents in the region by renegotiating outdated energy contracts to earn more money for the country's coffers - a portion of which he put toward increased health care and social spending. He is in favor of a low key manner that includes an appreciation of simple food and a taste for wearing his favorite old sweaters. Bolivia's elites hate his populist rhetoric and close ties to Venezuelan strongman Hugo Chavez but Morales remains popular with his people.
The above may be reference for leaders in other nations to remain popular with the people including leaders in China at present and in the USA after November 2008.
Such is my thoughts for Sino-American Economics for the Ordinary folks.
Francis Shieh a.k.a. Xie Shihao on June 13, 2008
The above may be reference for leaders in other nations to remain popular with the people including leaders in China at present and in the USA after November 2008.
Such is my thoughts for Sino-American Economics for the Ordinary folks.
Francis Shieh a.k.a. Xie Shihao on June 13, 2008
Sino-American Economics of Art
Washington Post,June 13, 2008 Weekend section page 12: National Geographic Museum: Zheng He sailed the ocean blue before Columbus' Father even knew how to walk. Nearly a century before Columbus, a 7-Foot tall Admiral named Zheng He make epic voyages halfway around the world. Chinese history is real old history per se par excellence! What he didn't make was our history books. Find out why. On Exhibit June 11 - September 7, 2008
Express,June 12, 2008 Museum: Mountain High
Short vacation: Take a trip to one of China's most magnificent landscapes at the Sackler Gallery's "Yellow Mountain." Panoramic painted views on 100-year old scrolls and elaborate paintings give viewers the closest thing to a first-hand experience of China's legendary mountains. Not far from Shanghai,the city of my birth since 1926.
Francis Shieh,a.k.a. Xie Shihao, a connoisseur of art as an octogenarian. May be searched at www.Google.com. Chinese language is a form of art and music as well. For explanations,see "A Glimpse of the Chinese Language" in English Visit www.rand.org and www.Amazon.com online book catalog for reference. June 13, 2008
Express,June 12, 2008 Museum: Mountain High
Short vacation: Take a trip to one of China's most magnificent landscapes at the Sackler Gallery's "Yellow Mountain." Panoramic painted views on 100-year old scrolls and elaborate paintings give viewers the closest thing to a first-hand experience of China's legendary mountains. Not far from Shanghai,the city of my birth since 1926.
Francis Shieh,a.k.a. Xie Shihao, a connoisseur of art as an octogenarian. May be searched at www.Google.com. Chinese language is a form of art and music as well. For explanations,see "A Glimpse of the Chinese Language" in English Visit www.rand.org and www.Amazon.com online book catalog for reference. June 13, 2008
Thursday, June 12, 2008
New York Times and Wall Street Journal
June 12, 2008 page C1,C2 NYT. Commodity prices continue surge, showing no letup. The higher commodity prices are likely to add to a world-wide inflationary picture tht seems to worsen by the day. Price of many grocery items in the USA have been rising briskly with eggs and milk up to 30% in the past year.
WSJ, June 12, 2008
Page C4: China's State Administration of Foreign Exchange has agreed to invest $2.5 billion with TPG Fund, a private equity company. Mews of the investment was reported in the Financial Times.
Francis Shieh a.k.a. Xie Shihao. Be cagey about such fund. June 12,2008
WSJ, June 12, 2008
Page C4: China's State Administration of Foreign Exchange has agreed to invest $2.5 billion with TPG Fund, a private equity company. Mews of the investment was reported in the Financial Times.
Francis Shieh a.k.a. Xie Shihao. Be cagey about such fund. June 12,2008
Oil prices are back on the rise;stocks take another dive
Washington Post,June 12, 2008 on page D5:
The FED's readings on the US economy indicated that Americans were straining under rising energy and food costs.
Investors are worried that the spike in oil prices will dent consumer spending. i.e. consumption sector is about 2/3 of GDP to be dampened.
Such happenings pose both an inflationary risk and a threat to growth i.e. stagflation as I put in my books entitled "Keys for Economic Understanding" (1971) and "Keys to Economic Understanding." (1976) Both works are listed at www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao on Thursday,June 12th and 12.04 p.m.
The FED's readings on the US economy indicated that Americans were straining under rising energy and food costs.
Investors are worried that the spike in oil prices will dent consumer spending. i.e. consumption sector is about 2/3 of GDP to be dampened.
Such happenings pose both an inflationary risk and a threat to growth i.e. stagflation as I put in my books entitled "Keys for Economic Understanding" (1971) and "Keys to Economic Understanding." (1976) Both works are listed at www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao on Thursday,June 12th and 12.04 p.m.
Wednesday, June 11, 2008
Wall Street Journal 6/11/08 New York Times 6/11/08
WSJ page 1 Headline: Inflation bite worsens around world: China,Vietnam show fresh stress. I sent my previous blogs. Bond investors bet FED may raise US rates. My comment: Not necessarily due to recession.
Page A4: Oil prices swell trade deficit.
Page C7: US Dollar weakness has been the major support for GOLD. GOLD is dollar-denominated so when the dollar rise, it makes it more expensive for foreign buyers to purchase the yellow precious metal. Gold is seen as an alternative currency and tends to move inversely with the US Dollar. I have had such thoughts for years.
New York Times page C1: Paulson's path to China: Progress but miles to go. Topics: Energy and Environment for areas of discussions.
Treasury Secretary Paulson will be leading a delegation of cabinet members to meet with Chinese counterparts in Annapolis, Maryland next week for strategtic economic dialogue.
Francis Shieh a.k.a. Xie Shihao with such vision decades ago when doing research at the Department of Economics at the RAND Corporation with Richard Moorsteen who published "Remaking China Policy" Harvard University Press in 1971. I published "A Glimpse of the Chinese Language" in 1965 www.rand.org and www.Amazon.com online book catalog. I hinted that China to be open to the world. Such scenario is now in evidence. June 11, 2008 at 9.16 p.m.
Page A4: Oil prices swell trade deficit.
Page C7: US Dollar weakness has been the major support for GOLD. GOLD is dollar-denominated so when the dollar rise, it makes it more expensive for foreign buyers to purchase the yellow precious metal. Gold is seen as an alternative currency and tends to move inversely with the US Dollar. I have had such thoughts for years.
New York Times page C1: Paulson's path to China: Progress but miles to go. Topics: Energy and Environment for areas of discussions.
Treasury Secretary Paulson will be leading a delegation of cabinet members to meet with Chinese counterparts in Annapolis, Maryland next week for strategtic economic dialogue.
Francis Shieh a.k.a. Xie Shihao with such vision decades ago when doing research at the Department of Economics at the RAND Corporation with Richard Moorsteen who published "Remaking China Policy" Harvard University Press in 1971. I published "A Glimpse of the Chinese Language" in 1965 www.rand.org and www.Amazon.com online book catalog. I hinted that China to be open to the world. Such scenario is now in evidence. June 11, 2008 at 9.16 p.m.
Wall Street Journal,6/11/08 and New York Times 6/11/08
Inflation's bite worsens around world,China,Vietnam show fresh stress.Bond investors bet FED may raise US rates.
Page A4: Oil prices swell trade deficit.Page C7: US dollars weakness has been a major support for gold. Gold is dollar-denominated so when the dollar rises,it makes it more expensive for foreign buyers to purchase the yellow metal. Gold is seen as an alternative currency and tends to move inversely with the US$.
New York Times,June 11,2008 page C1,C14:
Secretary of Treasury Paulson's Path to China: Progress but miles to go. He will be leading a delegation of cabinet members to meet with Chinese counterparts in Annapolis,Maryland next week for strategic economic dialogue between US and China. That is another evidence of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao.June 11, 2008
Page A4: Oil prices swell trade deficit.Page C7: US dollars weakness has been a major support for gold. Gold is dollar-denominated so when the dollar rises,it makes it more expensive for foreign buyers to purchase the yellow metal. Gold is seen as an alternative currency and tends to move inversely with the US$.
New York Times,June 11,2008 page C1,C14:
Secretary of Treasury Paulson's Path to China: Progress but miles to go. He will be leading a delegation of cabinet members to meet with Chinese counterparts in Annapolis,Maryland next week for strategic economic dialogue between US and China. That is another evidence of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao.June 11, 2008
Sino-US-Common Ground; Inflation and earthquake
Washington Post,June 11, 2008 page D4: China moves to raise bank reserve ratios for tightening credit to lead to declines in stock market and in Asia as well. The objective is to try to fight inflation. Higher food prices have been the main culprit plus energy and other commodity costs have surged in China. We know that energy, food and other costs are going up in USA as well. But would monetary policy succeed? That remains to be seen! Chinese and Americans are suffering for high costs of food and energy with common ground of concern for Sino-American Economics.
Page A2: Similarity of Chinese,California fault systems raises concerns: Hudnut,a geophysicist with the US Geological Survey is worried about the possibility of geological dominos. He said "We could get our comeuppance from Mother Nature any day here."
Susan Hough, a scientist at the USGS office in Pasadena is concerned as well.
Page D7: Steven Pearlstein wrote:"We had a public sector that was as smart and quick and innovative in developing economic policies as our private sector was in developing and embracing technologies." Here we detect the mix of public and private sectors in USA. In China,the mix of private and public sectors is in evidence as well even though the economic systems may be different in names. However,the essense is in the same ballpark as I would envision as a lifelong student of economics.
Francis Shieh a.k.a. Xie Shihao on June 11, 2008 at 9.58 a.m.
Page A2: Similarity of Chinese,California fault systems raises concerns: Hudnut,a geophysicist with the US Geological Survey is worried about the possibility of geological dominos. He said "We could get our comeuppance from Mother Nature any day here."
Susan Hough, a scientist at the USGS office in Pasadena is concerned as well.
Page D7: Steven Pearlstein wrote:"We had a public sector that was as smart and quick and innovative in developing economic policies as our private sector was in developing and embracing technologies." Here we detect the mix of public and private sectors in USA. In China,the mix of private and public sectors is in evidence as well even though the economic systems may be different in names. However,the essense is in the same ballpark as I would envision as a lifelong student of economics.
Francis Shieh a.k.a. Xie Shihao on June 11, 2008 at 9.58 a.m.
Tuesday, June 10, 2008
USA Today,June 10,2008 & Washington Times,June 10,08
Page A5: PingPong Diplomacy is saluted in California,USA. Such event goes back to 1971 to thaw relations. More than 3 decades later, China and the US will pay homage this week to the now famous "Pingpong Diplomacy" with 3-day event at the Richard Nixon Library and Birthplace that culminates in a rematch between several of the original athletes. How nice to remember history of Sino-American relations.
In USA Today,June 10, 2008 page 2D: Dinosaur hunter Xu and his wife get $20,000 a year and support their parents with filial piety in Beijing, China. Such deed may be reference for Americans as Sino-American Economics of Home-bound Duty if feasible. But the chances are very slim due to individualism as I have observed as a student of human behavior of economics.
Francis Shieh a.k.a. Xie Shihao on Tuesday,June 10, 2008 at 4 p.m.
In USA Today,June 10, 2008 page 2D: Dinosaur hunter Xu and his wife get $20,000 a year and support their parents with filial piety in Beijing, China. Such deed may be reference for Americans as Sino-American Economics of Home-bound Duty if feasible. But the chances are very slim due to individualism as I have observed as a student of human behavior of economics.
Francis Shieh a.k.a. Xie Shihao on Tuesday,June 10, 2008 at 4 p.m.
Wall Street Journal,June 10, 2008 page B5
Technology firms come to China's Aid: Google,Microsoft, IBM contribute jto earthquake relief effort: The three companies approaches reflect their differing philosophies to IT systems. They also reflect varying level of cooperation with authority from IBM's close work with Chinese officials to Google's choice to go it along.
Page C3: Maurice Hank Greenberg, former AIG's CEO would help AIG when needed. Greenberg heads Starr International Co currently. My uncle M.K. Loh was an auditor with AIG for five decades and received citation for his excellent service from Greenberg in Shanghai as published in his biography. My uncle passed away at the age of 99 in Shanghai and he informed me that my grandfather influenced him to have a career in insurance since my grandfather was the first Chinese to do insurance business with the British in the 19th century. That is my family history but I wish to send my blog for my family background with the West two centuries ago. My other uncle(the husband of my aunt) led a group of students to study in the USA after the Indemnity Stipulaton in Sino-American history. He was an architect and a compiler of an Engineery Dictionary decades ago. As a person with longevity,he left this world at the age 103 in Shanghai,China.
Washington Post,June 9, 2008 page A16: Growth requires Trade. Naotaka Matskata,former director of the US Trade Representative wrote: The United States is a prolific exporter of innovation, valuable services and agriculture. Such statement reinforces my previous blogs regarding the Law of Comparative Advantage especially to trade relations between the USA and China in the 21st century for mutual benefit. Francis Shieh a.k.a. Xie Shihao on Tuesday,June 10, 2008 at 1.25 p.m.
Page C3: Maurice Hank Greenberg, former AIG's CEO would help AIG when needed. Greenberg heads Starr International Co currently. My uncle M.K. Loh was an auditor with AIG for five decades and received citation for his excellent service from Greenberg in Shanghai as published in his biography. My uncle passed away at the age of 99 in Shanghai and he informed me that my grandfather influenced him to have a career in insurance since my grandfather was the first Chinese to do insurance business with the British in the 19th century. That is my family history but I wish to send my blog for my family background with the West two centuries ago. My other uncle(the husband of my aunt) led a group of students to study in the USA after the Indemnity Stipulaton in Sino-American history. He was an architect and a compiler of an Engineery Dictionary decades ago. As a person with longevity,he left this world at the age 103 in Shanghai,China.
Washington Post,June 9, 2008 page A16: Growth requires Trade. Naotaka Matskata,former director of the US Trade Representative wrote: The United States is a prolific exporter of innovation, valuable services and agriculture. Such statement reinforces my previous blogs regarding the Law of Comparative Advantage especially to trade relations between the USA and China in the 21st century for mutual benefit. Francis Shieh a.k.a. Xie Shihao on Tuesday,June 10, 2008 at 1.25 p.m.
Global Times in Beijing re Obama published in WashPost,6/10/08 A23.
The Chinese characters of breaking American rules i.e."Guiju" in Pin Yin is not appropriate as published by the Global Times newspaper in Beijing on Barrack Obama's nomination victory and appeared in the Washington Post,June 10, 2008 on page A23. It is my opinion that the Chinese characters should be "chuantong" i.e. tradition to be the first African American in history with victory for nomination by the Democratic Party. I have reason to believe that folks with the knowledge of Chinese language would agree with me in this instance. However,editors have their own idiolect and nuance.(sic) I have also noticed that the diction "cuoci" in Pin YIn apropos of the variations of the British English and American English.
In reference to the first paragraph: "Will Americans vote for a black man?" Yes, Americans will vote for a black man." the writer so stated.
In my line of reasoning as a graduate student from China in 1947,I have learned that Americans must honor our Constitution and any racial bias should be eliminated in the 21st century since White Americans will be a minority in the years to come and we should realize and recognize multi-racial and multi-cultural or interracial and intercultural heritage in USA for fair and just nation for all Americans regardless of race,color or national origin.
Francis Shieh a.k.a. Xie Shihao,an octogenarian scholar who witnessed the case of discrimination when two American tenured professors of Chinese ancestry had to leave the same Economics Department at the same college after 17 and 18 years in 1983 and 1984 respectively in Maryland. One was forced to resign and the other was terminated.
Senator Obama stressed the ideal America in his campaign speeches and I wish him well to lead the nation for justice and fairness if or when he is elected as the President in November 2008 to change and to break the tradition to honor all Americans after January 2009. It is to be understood that America is a colorful nation to pursue fairness and justice in America and to work for betterment of all homosapiens on earth. June 10, 2008 at 11.18 a.m.
Sino-American Economics involves Economics of Discrimination,indeed!
In reference to the first paragraph: "Will Americans vote for a black man?" Yes, Americans will vote for a black man." the writer so stated.
In my line of reasoning as a graduate student from China in 1947,I have learned that Americans must honor our Constitution and any racial bias should be eliminated in the 21st century since White Americans will be a minority in the years to come and we should realize and recognize multi-racial and multi-cultural or interracial and intercultural heritage in USA for fair and just nation for all Americans regardless of race,color or national origin.
Francis Shieh a.k.a. Xie Shihao,an octogenarian scholar who witnessed the case of discrimination when two American tenured professors of Chinese ancestry had to leave the same Economics Department at the same college after 17 and 18 years in 1983 and 1984 respectively in Maryland. One was forced to resign and the other was terminated.
Senator Obama stressed the ideal America in his campaign speeches and I wish him well to lead the nation for justice and fairness if or when he is elected as the President in November 2008 to change and to break the tradition to honor all Americans after January 2009. It is to be understood that America is a colorful nation to pursue fairness and justice in America and to work for betterment of all homosapiens on earth. June 10, 2008 at 11.18 a.m.
Sino-American Economics involves Economics of Discrimination,indeed!
Monday, June 9, 2008
It's the week of the Panda:WashPost,June 9,2008 et al.
Page C5: Po the Panda and Master Shifu show their stuff in "Kung Fu Panda."(photo)
Top movie ticket sales Friday through Sunday in millions of dollars: 60.0
Stephen Roach, an economist and chairman of Morgan Stanley Asia wrote:TIME,May 12,08
Lou Jiwei. the man who controls China's huge pool of investment dollars.
In a relatively short period of time, China has amassed more than $1.6 trillion in foreign-exchange reserves, the largest such reserve in history. While this cushions China from the vicissitudes of ever volatile financial markets, much of it is invested in low-yielding US Treasury securities.
Here we can readily detect the good Sino-American Economics in the days to come for mutual trust and mutual benefit.
Francis Shieh a.k.a. Xie Shihao,a watcher of US-China economic relations. June 9, 2008
Top movie ticket sales Friday through Sunday in millions of dollars: 60.0
Stephen Roach, an economist and chairman of Morgan Stanley Asia wrote:TIME,May 12,08
Lou Jiwei. the man who controls China's huge pool of investment dollars.
In a relatively short period of time, China has amassed more than $1.6 trillion in foreign-exchange reserves, the largest such reserve in history. While this cushions China from the vicissitudes of ever volatile financial markets, much of it is invested in low-yielding US Treasury securities.
Here we can readily detect the good Sino-American Economics in the days to come for mutual trust and mutual benefit.
Francis Shieh a.k.a. Xie Shihao,a watcher of US-China economic relations. June 9, 2008
Sunday, June 8, 2008
OECD foresees weak growth for 30 members
The weak growth is applied to USA, Japan and several European countries as the report was released in Paris.
Such economic growth will slow to 1.8% this year and 1.7% next year. China's growth is expected to be 8%. Britain is more vulnerable to the current crisis because of the importance of banking and financial markets to its economy,while Canada is being dragged down by its close links to the US economy. Published by the Washington Post,June 5,2008 on page D8.
We are living in the age of the knowledge economy. Such view is cited by Richard T. Gill of Harvard in the textbooks published in 1973 and 1975 with a vision in the 20th century to be applicable to the 21st century.
Francis Shieh a.k.a. Xie Shihao on Sunday,June 8, 2008 at 2.22 p.m.
Such economic growth will slow to 1.8% this year and 1.7% next year. China's growth is expected to be 8%. Britain is more vulnerable to the current crisis because of the importance of banking and financial markets to its economy,while Canada is being dragged down by its close links to the US economy. Published by the Washington Post,June 5,2008 on page D8.
We are living in the age of the knowledge economy. Such view is cited by Richard T. Gill of Harvard in the textbooks published in 1973 and 1975 with a vision in the 20th century to be applicable to the 21st century.
Francis Shieh a.k.a. Xie Shihao on Sunday,June 8, 2008 at 2.22 p.m.
COMMON WEALTH: by Jeffrey D. Sach,adviser to UN Secretary General,Columbia U. Professor
"Economics for a crowded planet" i.e. Economic globalization. Just published by Penguin Press 2008. $27.95
Global cooperation is needed on page 235. The world's largest regional development project is the Western China Development Project by which the Chinese government is spreading economic development beyond the booming coastal regions to the lagging regions in the interior.
On page 289."There is nothing inherently frightening about the rise in China's influence. A strnger China can be an ally that bears more of the global responsibilities" Moreover,trade relations are always at best to re the Law of Comparative Advantage known to students of economics.
"Our very survival in the long run will be achieved by recognizing that the vast majority of people in China, just as in the USA,long for their own prosperity, and security not for dominatin over others. We must therefore train ourselves and orient our foreign policy to understand the world not only as we would see it but how others see it as well. That is the key to appreciating our common fate, and common wealth on the planet." Such rationale is the same as I have been sending my blogs for readers to appreciate the proper Sino-American Economics for mutual benefit.Cf. "Remaking China Policy" by Richard Moorsteen of the RAND Corporation. Published by Harvard University Press,1971.
Air and Space Power Journal Summer 2008:
On pages 104,105: The Future US Air Force by Min Zengfu. In Pin Yin,his name is "added wealth" to be relevant in economics! PLA Publishing House,no. 40 Dianmen xidajie street, Xixheng District, Beijing, China 2007.
"The author does a wonderful job of comparing the USAF with its counterpart in the former Soviet Union and present day Russia. Altho his admiration of the USAF is obvious, he is somewhat critical of the force structure of the Russian Air Force." Reviewed by Guocheng Jiang at Maxwell AFB, Alabama. E-mail: aspj@maxwell.af.mil
cadreaspj@aol.com(alternate)
The above citation reinforces my blogs about the significance of US-China or Sino-American economics including the military cooperation and collaboration in the 21st century for the peace and development of two great nations on both sides of the Pacific. Francis Shieh a.k.a. Xie Shihao, a former Fulbright Senior Scholar,Hong Kong,1989-1990 blogging for the wellbeing of two nations in terms of the benefit of humanity in the days to come. June 8, 2008 at 1.46 p.m.
Global cooperation is needed on page 235. The world's largest regional development project is the Western China Development Project by which the Chinese government is spreading economic development beyond the booming coastal regions to the lagging regions in the interior.
On page 289."There is nothing inherently frightening about the rise in China's influence. A strnger China can be an ally that bears more of the global responsibilities" Moreover,trade relations are always at best to re the Law of Comparative Advantage known to students of economics.
"Our very survival in the long run will be achieved by recognizing that the vast majority of people in China, just as in the USA,long for their own prosperity, and security not for dominatin over others. We must therefore train ourselves and orient our foreign policy to understand the world not only as we would see it but how others see it as well. That is the key to appreciating our common fate, and common wealth on the planet." Such rationale is the same as I have been sending my blogs for readers to appreciate the proper Sino-American Economics for mutual benefit.Cf. "Remaking China Policy" by Richard Moorsteen of the RAND Corporation. Published by Harvard University Press,1971.
Air and Space Power Journal Summer 2008:
On pages 104,105: The Future US Air Force by Min Zengfu. In Pin Yin,his name is "added wealth" to be relevant in economics! PLA Publishing House,no. 40 Dianmen xidajie street, Xixheng District, Beijing, China 2007.
"The author does a wonderful job of comparing the USAF with its counterpart in the former Soviet Union and present day Russia. Altho his admiration of the USAF is obvious, he is somewhat critical of the force structure of the Russian Air Force." Reviewed by Guocheng Jiang at Maxwell AFB, Alabama. E-mail: aspj@maxwell.af.mil
cadreaspj@aol.com(alternate)
The above citation reinforces my blogs about the significance of US-China or Sino-American economics including the military cooperation and collaboration in the 21st century for the peace and development of two great nations on both sides of the Pacific. Francis Shieh a.k.a. Xie Shihao, a former Fulbright Senior Scholar,Hong Kong,1989-1990 blogging for the wellbeing of two nations in terms of the benefit of humanity in the days to come. June 8, 2008 at 1.46 p.m.
Saturday, June 7, 2008
Brzezinski wrote introduction about Robert Gates
Zhigniew Brzezinski published a short biography about Robert Gates:
His meteoric rise continued where he eventually became director under President George H.W. Bush. Cool, calm and collected, this is a man who would never be rattled by a sudden 3 a.m. phone call. I would like to learn such good attitude but I may be perturbed if I get a call at 3 a.m. Fortunately I will never get a call at 3 a.m. because I was retired at age 65 in 1991. However,I am still looking foward to teach on June 16, 2008 for intellectual challenge and fun in life. It is a blessing to be hale and hearty, indeed.
If I am not mistaken,he earned his graduate degree from Georgetown University with understanding of epistemology,ontology and cosmology to gain equanimity.(sic) His field of concentration is Soviet Union during that time if I remember right?
Justin Fox wrote a short bio on Ben Bernanke.
He was the soft-spoken former Princeton professor. Bernanke earned his bachelor's degree from Harvard in 1975 while Richard T. Gill was at Harvard. Gill published Economics textbooks in 1973 and 1975 with the citation of the role of community colleges as headline in the Washington Post,June 7, 2008. My previous blog mentioned such for readers' reference.
Bernanke is 53 and graduated at Harvard at age 20 in 1975,33 years ago. It is 2008 this year. I remember I graduated from St. John's University in 1946 when I was 20 years old. I became interested in economics as a Johannean in Shanghai but I still claim to be a student to live and to learn all the happenings in the world in terms of economics. I came to USA in 1947 and started to learn things in America with my enthusiasm ad infinitum.
Francis Shieh a.k.a. Xie Shihao,a lifelong student with moxie and upbeat in cheerful mood with optimistic scenario everyday. June 7, 2008
His meteoric rise continued where he eventually became director under President George H.W. Bush. Cool, calm and collected, this is a man who would never be rattled by a sudden 3 a.m. phone call. I would like to learn such good attitude but I may be perturbed if I get a call at 3 a.m. Fortunately I will never get a call at 3 a.m. because I was retired at age 65 in 1991. However,I am still looking foward to teach on June 16, 2008 for intellectual challenge and fun in life. It is a blessing to be hale and hearty, indeed.
If I am not mistaken,he earned his graduate degree from Georgetown University with understanding of epistemology,ontology and cosmology to gain equanimity.(sic) His field of concentration is Soviet Union during that time if I remember right?
Justin Fox wrote a short bio on Ben Bernanke.
He was the soft-spoken former Princeton professor. Bernanke earned his bachelor's degree from Harvard in 1975 while Richard T. Gill was at Harvard. Gill published Economics textbooks in 1973 and 1975 with the citation of the role of community colleges as headline in the Washington Post,June 7, 2008. My previous blog mentioned such for readers' reference.
Bernanke is 53 and graduated at Harvard at age 20 in 1975,33 years ago. It is 2008 this year. I remember I graduated from St. John's University in 1946 when I was 20 years old. I became interested in economics as a Johannean in Shanghai but I still claim to be a student to live and to learn all the happenings in the world in terms of economics. I came to USA in 1947 and started to learn things in America with my enthusiasm ad infinitum.
Francis Shieh a.k.a. Xie Shihao,a lifelong student with moxie and upbeat in cheerful mood with optimistic scenario everyday. June 7, 2008
Stocks plunge as oil surges-US consumers suffer
The prospect of higher energy cost that would hobble most Americans and worsen a slowing economy had investors are pulling money out of stocks.
CCTV-4,June 7th shows President Bush with Secretary of Treasury Paulson and Secretary of State Rice to hold meeting to offer 10 million to China as donations to China's quake disaster. Such goodwill is appreciated by Chinese leaders and Chinese citizens.
Former US Secretary of State Kissinger and former consultant at the RAND Corporation,1964-65 wrote a short introduction about President Hu Jintao of China,published by TIME, May 12, 2008 on page 49.
Hu is 65 and has proclaimed the goal of a harmonious society. It is a principle he has tried to apply to international affairs as well. My comment: Hu has studied Confucianism to be applied to China and I support such cultural heritage for all good folks in the world who understands that Confucianism influences us on education with ethics and morality.
Dr. Kissinger's conclusion: A peaceful and prosperous world REQUIRES Sino-American cooperation. That is the reason for my blogging to keep readers informed about such an important mission on earth.
Francis Shieh a.k.a.Xie Shihao,author of "A Glimpse of the Chinese Language" www.rand.org for reference. I was a member of the research staff, Department of Economics at RAND in 1964-85 working with Richard Moorsteen,author of "Remaking China Policy" published by Harvard University Press,1971. June 7, 2008 at 1.17 p.m.
CCTV-4,June 7th shows President Bush with Secretary of Treasury Paulson and Secretary of State Rice to hold meeting to offer 10 million to China as donations to China's quake disaster. Such goodwill is appreciated by Chinese leaders and Chinese citizens.
Former US Secretary of State Kissinger and former consultant at the RAND Corporation,1964-65 wrote a short introduction about President Hu Jintao of China,published by TIME, May 12, 2008 on page 49.
Hu is 65 and has proclaimed the goal of a harmonious society. It is a principle he has tried to apply to international affairs as well. My comment: Hu has studied Confucianism to be applied to China and I support such cultural heritage for all good folks in the world who understands that Confucianism influences us on education with ethics and morality.
Dr. Kissinger's conclusion: A peaceful and prosperous world REQUIRES Sino-American cooperation. That is the reason for my blogging to keep readers informed about such an important mission on earth.
Francis Shieh a.k.a.Xie Shihao,author of "A Glimpse of the Chinese Language" www.rand.org for reference. I was a member of the research staff, Department of Economics at RAND in 1964-85 working with Richard Moorsteen,author of "Remaking China Policy" published by Harvard University Press,1971. June 7, 2008 at 1.17 p.m.
Washington DC Community College:WashPost,6/7/08
A report by the Brookings Institution explored such idea as the stark economics and the higher rate of unemployment. In other words,technicians are in demand and students are not interested in a bachelor's degree. Moreover,federal funding is available for workforce training and foundation would chip in as well.
During the past decades,I have been advocating vocational training for para-professionals as evidenced by the following publications with my vision in the 20th century to be relevant in the 21st century.
1.Keys for Economic Understanding. Kendall Hunt Publisher in 1971. Apprenticeship programs and the role of community colleges for American economic development.
2."The Future of Community Colleges" published by Congressional Record,July 18, 1974.
3.Keys to Economic Understanding. Kendall Hunt Publisher in 1976.
4."Macroeconomics of Stabilization" published by the White House Conference on Balanced Economic Development. August 1978.
5.Work and Study Cycle Theory,cited by American Economic Review,December 1979.
The above mentioned books may be searched at www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao, an educator since 1945 and earned California Community College Credential in 1961 and taught economics in community colleges in California and Maryland for four decades Plus. Fulbright Senior Scholar from Montgomery College,Maryland in 1989-1990. June 7, 2008
During the past decades,I have been advocating vocational training for para-professionals as evidenced by the following publications with my vision in the 20th century to be relevant in the 21st century.
1.Keys for Economic Understanding. Kendall Hunt Publisher in 1971. Apprenticeship programs and the role of community colleges for American economic development.
2."The Future of Community Colleges" published by Congressional Record,July 18, 1974.
3.Keys to Economic Understanding. Kendall Hunt Publisher in 1976.
4."Macroeconomics of Stabilization" published by the White House Conference on Balanced Economic Development. August 1978.
5.Work and Study Cycle Theory,cited by American Economic Review,December 1979.
The above mentioned books may be searched at www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao, an educator since 1945 and earned California Community College Credential in 1961 and taught economics in community colleges in California and Maryland for four decades Plus. Fulbright Senior Scholar from Montgomery College,Maryland in 1989-1990. June 7, 2008
Friday, June 6, 2008
Harlan Cleveland; Author and Lifelong Learner with fun
Washington Post,June 6, 2008 page B7: Cleveland hated the ubiquitous valediction "Have a nice day!" In China: "Nihao!" But the response would be: "Nihao" as well. Sounds like an echo!? Are they really OK? It is a matter of traditional expression! "Hao" of "buhao" is certainly a matter of conjecture!
"What I want is exciting days, passionate days, blessed days, wondrous days, surprising days," He suggested to his listeners an alternative response:
"Thanks you, but I have other plans." He has great humor,indeed!
Mr. Cleveland explored how global governance was increasingly being influenced by the ever-shifting interplay of a growing list of participants: not only governments, but also multinational corporations foudations and non-state actors. How true!
He as president of the University of Hawaii fro 1969 to 1974. During that time, the university added a medical school, a law school and an international astronomy project. He later became a philosopher by virtue of his seasoned maturity.
Francis Shieh a.k.a. Xie Shihao. June 6, 2008
"What I want is exciting days, passionate days, blessed days, wondrous days, surprising days," He suggested to his listeners an alternative response:
"Thanks you, but I have other plans." He has great humor,indeed!
Mr. Cleveland explored how global governance was increasingly being influenced by the ever-shifting interplay of a growing list of participants: not only governments, but also multinational corporations foudations and non-state actors. How true!
He as president of the University of Hawaii fro 1969 to 1974. During that time, the university added a medical school, a law school and an international astronomy project. He later became a philosopher by virtue of his seasoned maturity.
Francis Shieh a.k.a. Xie Shihao. June 6, 2008
Panda with Kungfu. Should be Gongfu in Pin Yin
Style section,Washington Post,Page C1,C4:
Jack Black's Po is a lovably hapless martial artist who is whipped into shape by Dustin Hoffman's determined Master Shifu in a lively animated comedy. Shifu is a title of honor to be addressed to a skilled labor in China. It is a popular way of talking to a stranger initially as the similar expression of "excuse me. May I ask..."
Kungfu is the Wade-Giles system of romanization. In Pin Yin,"Gongfu" means a masterful skill for kicks to resist any abusive onslaught. It may mean innate or acquired strength with physical and mental clout.
After the establishment of PRC in 1949,skilled workers are honored with the title of "Shifu" as a teacher with skills. Shifu is a master worker to be an overseer with disciples as "tudi." Apprenticeship Program is popular for learning a marketable skill in the USA due to the great demand. Such program may be promoted more professionally in China to respect the skilled labor.
"Keys for Economic Understanding"(1971) (www.ask.com) is dedicated to the skilled workers under apprenticeship program being promoted under Clinton administration in 1995. Such useful program should be rekindled in the 21st century as per the market demand as I would envision.
Francis Shieh a.k.a. Xie Shihao,an octogenarian promoter with muse for human capital restructuring in USA and in China. There is Sino-American Economics in action.
June 6, 2008 at 12.23 p.m.
Jack Black's Po is a lovably hapless martial artist who is whipped into shape by Dustin Hoffman's determined Master Shifu in a lively animated comedy. Shifu is a title of honor to be addressed to a skilled labor in China. It is a popular way of talking to a stranger initially as the similar expression of "excuse me. May I ask..."
Kungfu is the Wade-Giles system of romanization. In Pin Yin,"Gongfu" means a masterful skill for kicks to resist any abusive onslaught. It may mean innate or acquired strength with physical and mental clout.
After the establishment of PRC in 1949,skilled workers are honored with the title of "Shifu" as a teacher with skills. Shifu is a master worker to be an overseer with disciples as "tudi." Apprenticeship Program is popular for learning a marketable skill in the USA due to the great demand. Such program may be promoted more professionally in China to respect the skilled labor.
"Keys for Economic Understanding"(1971) (www.ask.com) is dedicated to the skilled workers under apprenticeship program being promoted under Clinton administration in 1995. Such useful program should be rekindled in the 21st century as per the market demand as I would envision.
Francis Shieh a.k.a. Xie Shihao,an octogenarian promoter with muse for human capital restructuring in USA and in China. There is Sino-American Economics in action.
June 6, 2008 at 12.23 p.m.
Thursday, June 5, 2008
WashTimes,June 5,08 page A1 Headline:US-China
US to lend sensitive security to China: FBI and other security agencies are helping China to develop sensitive counterterrorism coordination techniques such as creating joint security operations and intelligence centers, according to Bush Administration defense and national security officials. This system is modeled on the plan for the 2002 Salt Lake City Winter Olympics and can be used for surveillance of protesters, including Tibetans. My comment: US and China would do the same to maintain law and order.
Francis Shieh a.k.a. Xie Shihao. June 5, 2008
Francis Shieh a.k.a. Xie Shihao. June 5, 2008
FOOD section,June 4, 2008 in Washington Post and FED,June 5,08
Page F1,4 on Chinese food and Recipes by Jeffrey Alford/Naomi Duguid
Here we see Sino-American Economics of Meals E-mail food@washpost.com for details.
CCTV-4 June 5, 2008 Boeing CEO is visiting Beijing for more cooperation and collaboration in manufacturing airplanes. Here is another evidence of Sino-American Economics of Aircrafts.
Washington Post,June 5 2008 page D2:
Bernanke,Class of 1975 to Grads at Harvard: Monetary Policy and behavior of households and businesses. Here is the mix of Macro and Micro Economics.
His conclusion: Highlight of Productivity performance of our economy. A letter from former Treasury Secretary and Chairman of FED Miller was sent to Francis Shieh commending Work and Study Cycle Theory with the community colleges as institutions to train skilled labor to enhance American productivity.
Francis Shieh a.k.a. Xie Shihao. June 5, 2008
Here we see Sino-American Economics of Meals E-mail food@washpost.com for details.
CCTV-4 June 5, 2008 Boeing CEO is visiting Beijing for more cooperation and collaboration in manufacturing airplanes. Here is another evidence of Sino-American Economics of Aircrafts.
Washington Post,June 5 2008 page D2:
Bernanke,Class of 1975 to Grads at Harvard: Monetary Policy and behavior of households and businesses. Here is the mix of Macro and Micro Economics.
His conclusion: Highlight of Productivity performance of our economy. A letter from former Treasury Secretary and Chairman of FED Miller was sent to Francis Shieh commending Work and Study Cycle Theory with the community colleges as institutions to train skilled labor to enhance American productivity.
Francis Shieh a.k.a. Xie Shihao. June 5, 2008
Wednesday, June 4, 2008
Investors in US and in China to grow portfolio thru metals...
Metals:
Gold is the most coveted metal for all folks in the world apropos of jewelry or dental usage et al. Silver, like gold, is another valued metal with monetary application in China since ancient times. Both are good assets for hedging against inflation since inflation is expected in the USA and in China for short-term or long terms as US Dollar is losing the value as confirmed by the statement by FED Chairman on June 3, 2008. Moreover,gold is for asset preservation during times of global turmoil as we are witnessing now.
Copper is the metal of choice for industrial uses. It is known that a penny is worth more than one cent due to intrinsic value of the copper. I hold penny coins as a collector for historical heritage as well.
Agricultural products:
Coffee: Folks love a good cup of coffee, and prices are going up for Starbucks for $4 in USA and comparable exchange of RMB28 Yuan in China when I was in Nanjing and Shanghai in February 2008.
Cocoa: It is used to make chocolate and chocolate is well liked by folks for health and enjoyment in USA and in China as well.
Oranges: Grown in China and was called "China Apple" in history and shipped to Europe and then to America for the Sunkist brand in California. Brazil is a producer or oranges and other fruits as I visited relatives in San Paulo in 1997.
Soybeans is noted in China and recently discovered as health food in USA as I have observed during the past years.
Cattle and hogs i.e. beef and porks for proteins as regular meat dishes in USA and in China.
Fishery is well known business in China with popular seafood in USA and China. Folks have to eat to live with agricultural products for variety of tastes.
Francis Shieh a.k.a. Xie Shihao as a gourmet and a connoisseur to validate the saying of Confucius that food is one of the natural desires of men and women. June 4, 2008
Gold is the most coveted metal for all folks in the world apropos of jewelry or dental usage et al. Silver, like gold, is another valued metal with monetary application in China since ancient times. Both are good assets for hedging against inflation since inflation is expected in the USA and in China for short-term or long terms as US Dollar is losing the value as confirmed by the statement by FED Chairman on June 3, 2008. Moreover,gold is for asset preservation during times of global turmoil as we are witnessing now.
Copper is the metal of choice for industrial uses. It is known that a penny is worth more than one cent due to intrinsic value of the copper. I hold penny coins as a collector for historical heritage as well.
Agricultural products:
Coffee: Folks love a good cup of coffee, and prices are going up for Starbucks for $4 in USA and comparable exchange of RMB28 Yuan in China when I was in Nanjing and Shanghai in February 2008.
Cocoa: It is used to make chocolate and chocolate is well liked by folks for health and enjoyment in USA and in China as well.
Oranges: Grown in China and was called "China Apple" in history and shipped to Europe and then to America for the Sunkist brand in California. Brazil is a producer or oranges and other fruits as I visited relatives in San Paulo in 1997.
Soybeans is noted in China and recently discovered as health food in USA as I have observed during the past years.
Cattle and hogs i.e. beef and porks for proteins as regular meat dishes in USA and in China.
Fishery is well known business in China with popular seafood in USA and China. Folks have to eat to live with agricultural products for variety of tastes.
Francis Shieh a.k.a. Xie Shihao as a gourmet and a connoisseur to validate the saying of Confucius that food is one of the natural desires of men and women. June 4, 2008
Tuesday, June 3, 2008
China's Telecom shake-up advances with mergers
Washington Post,June 3,2008 on page D8: The moves were expected as part of a government-mandated shake-up of China's telecommunications sector and called for six telecom firms to combine into three groups in a bid to create a more competitive industry and prevent a dominant operator from monopolizing the market.
At the Congressional hearing today,it is reported that speculation made gas price up about 25% but there is no law against such speculation. Well,American motorists have to pay more and more...in a free society.(sic) Free to make more profits at the expense of ordinary Americans. CEOs go overseas for making more profits as well. No American laws can be applied to international businesses in the name of globalization in the 21st century.
Competition is the essence and substance in economics in USA and in China. Let us watch the developments in the days to come for competition.
China is doing rapidly and dramatically in the 21st century and is going to play an important role in global economics in the days to come.
The following works are to be noted for readers to be aware of the tremendous impact of China's part in globalization.
1. "The End of Poverty" by Jeffry Sachs.
2. "China, Inc." by Ted Fishman.
3. "The World is Flat" by Thomas Friedman.
Elasticity is significant in the economic concept because it determines the effects of price on supply and demand. It is published in media lately that some Americans go overseas for surgery due to low cost of hospitalization and MD's charges.
Some goods are essential to consumers and are inelastic to human esistence per se.
Gas is a necessity in USA to go to work,school, run errants, but bikes may replace cars as the mode of transportation in China. It is obvious that the lifestyles do vary in USA and in China.
When I came to the University of San Francisco in 1947 as an alumnus of St. John's University in Shanghai,I happened to read Insight Guides of SHANGHAI citing my alma mater on page 190. Alumni of St. John's University occupied the highest echelons in China such as the former President Mr. Yan in Taiwan and the former Vice President Ron in China. That is why the nickname of St. John's University is Harvard of China. It is interestng to note that it was the only university in China that all lectures for all courses were given in English under the tradition of rules and regulations of an American university. My diploma was printed in English as well and I still keep the copy of my diploma in English as a token of remembrance in the first part of the 20th century.
When I was in San Francisco in 1947-48,I learned the gold rush with names of John Sutter and James Marshall plus Sam Brannan. Moreover,I discovered "Chop Suey" (i.e. Za-sui in Pin Yin meaning mixed broken pieces) to name such Chinese food but it is the hodge podge(mess) during the gold rush: the hungry workers went to a Chinese restaurant,and the cook served all the mixed food but the workers named "chop Suey" as they only knew for the name of Chinese food. How pitiful,(kelian)naive(tianzhen) and interesting(youxingqu)! That is the history,however.
Francis Shieh a.k.a. Xie Shihao, an octogenarian grad student from China in 1947 with focus on Sino-American economics for readers' benefits at www.Blogger.com. June 3, 2008 at 2 p.m.
At the Congressional hearing today,it is reported that speculation made gas price up about 25% but there is no law against such speculation. Well,American motorists have to pay more and more...in a free society.(sic) Free to make more profits at the expense of ordinary Americans. CEOs go overseas for making more profits as well. No American laws can be applied to international businesses in the name of globalization in the 21st century.
Competition is the essence and substance in economics in USA and in China. Let us watch the developments in the days to come for competition.
China is doing rapidly and dramatically in the 21st century and is going to play an important role in global economics in the days to come.
The following works are to be noted for readers to be aware of the tremendous impact of China's part in globalization.
1. "The End of Poverty" by Jeffry Sachs.
2. "China, Inc." by Ted Fishman.
3. "The World is Flat" by Thomas Friedman.
Elasticity is significant in the economic concept because it determines the effects of price on supply and demand. It is published in media lately that some Americans go overseas for surgery due to low cost of hospitalization and MD's charges.
Some goods are essential to consumers and are inelastic to human esistence per se.
Gas is a necessity in USA to go to work,school, run errants, but bikes may replace cars as the mode of transportation in China. It is obvious that the lifestyles do vary in USA and in China.
When I came to the University of San Francisco in 1947 as an alumnus of St. John's University in Shanghai,I happened to read Insight Guides of SHANGHAI citing my alma mater on page 190. Alumni of St. John's University occupied the highest echelons in China such as the former President Mr. Yan in Taiwan and the former Vice President Ron in China. That is why the nickname of St. John's University is Harvard of China. It is interestng to note that it was the only university in China that all lectures for all courses were given in English under the tradition of rules and regulations of an American university. My diploma was printed in English as well and I still keep the copy of my diploma in English as a token of remembrance in the first part of the 20th century.
When I was in San Francisco in 1947-48,I learned the gold rush with names of John Sutter and James Marshall plus Sam Brannan. Moreover,I discovered "Chop Suey" (i.e. Za-sui in Pin Yin meaning mixed broken pieces) to name such Chinese food but it is the hodge podge(mess) during the gold rush: the hungry workers went to a Chinese restaurant,and the cook served all the mixed food but the workers named "chop Suey" as they only knew for the name of Chinese food. How pitiful,(kelian)naive(tianzhen) and interesting(youxingqu)! That is the history,however.
Francis Shieh a.k.a. Xie Shihao, an octogenarian grad student from China in 1947 with focus on Sino-American economics for readers' benefits at www.Blogger.com. June 3, 2008 at 2 p.m.
Flexibility to be shared by folks in USA and in China
Washington Post,Business section,June 1, 2008 page F1: Unwelcome change, or a chance? As the US economy continues to slide, many folks will face changes in their lives. Such as loss of jobs,homes, cares and even hope. Such negative feeling should be replaced by the positive scenario for faith,hope and love. Events could turn out to be a blessing in disguise!?
The acronym of DREAM on page F2:
D - Decide what you want to change.
R - Research your options.
E - Evaluate feasible options.
A - Act to make it happen.
M - Maintain your dream to make sure it lasts.
Life is full of unexpected happenings and the mind must be set for tenacity with faith,hope and love to be alive in this mundane world.
Francis Shieh a.k.a. Xie Shihao, a believer of spirituality with optimality plus optimum for our way of life. Hehehahahoho all the way to strive to live to be centenarians as lifelong student. June 3, 2008 at 7.10 a.m.
The acronym of DREAM on page F2:
D - Decide what you want to change.
R - Research your options.
E - Evaluate feasible options.
A - Act to make it happen.
M - Maintain your dream to make sure it lasts.
Life is full of unexpected happenings and the mind must be set for tenacity with faith,hope and love to be alive in this mundane world.
Francis Shieh a.k.a. Xie Shihao, a believer of spirituality with optimality plus optimum for our way of life. Hehehahahoho all the way to strive to live to be centenarians as lifelong student. June 3, 2008 at 7.10 a.m.
Monday, June 2, 2008
Young folks in USA and in China share similar interests
Washington Post,June 2, 2008 page B2:
A student speaker at the commencement:"For years, people our age have been typecast as apathetic, selfish, close-minded and lacking a social conscience. Now,I am humbled and amazed at the sheer number of my phenomenally qualified peers forging lucrative careers to go into the Peace Corps or Teach for America. Our social conscience is alive, and it is pulsing.
In China, under the socio-economic market system with the disaster of earthquake,college students are willing to go to Sichuan as volunteers with social conscience as well under China's Socialism with Chinese characteristics.(i.e. private interests are encouraged but public interests are promoted)
There is the common ground of dedication for Sino-American mutual economic interests apropos of philosophy of life for ethics and morality in the name of humanity.
Francis Shieh, a.k.a. Xie Shihao, a watcher with muse re homosapiens in the 21st century. June 2, 2008 at 9.18 p.m.
A student speaker at the commencement:"For years, people our age have been typecast as apathetic, selfish, close-minded and lacking a social conscience. Now,I am humbled and amazed at the sheer number of my phenomenally qualified peers forging lucrative careers to go into the Peace Corps or Teach for America. Our social conscience is alive, and it is pulsing.
In China, under the socio-economic market system with the disaster of earthquake,college students are willing to go to Sichuan as volunteers with social conscience as well under China's Socialism with Chinese characteristics.(i.e. private interests are encouraged but public interests are promoted)
There is the common ground of dedication for Sino-American mutual economic interests apropos of philosophy of life for ethics and morality in the name of humanity.
Francis Shieh, a.k.a. Xie Shihao, a watcher with muse re homosapiens in the 21st century. June 2, 2008 at 9.18 p.m.
Foreign Affairs,June 2008 The Future of American Power
Fareed Zakaria is the author: The US has the strength and dynamism to continue shaping the world but only if it can overcome its political dysfunction and reorient US policy for a world defined by the rise of other powers.(such as China and India)
Page 29: The decrease in personal savings as the Harvard economist Richard Cooper has noted, has been largely offset by an increase in corporate savings. (Cooper was my colleague at the RAND corporation,Santa Monica,California in 1964-65.)
The US investment picture also looks much rosier IF education and RD spending are considered along with spending on physical capital and housing.(I would concur apropos of education and training as elabored in "Keys for Economic Understanding."
Americans are borrowing 80% of the world's surplus savings and using it for consumption. Americans are losing interest in the basics: more manufacturing, hard work,savings and becoming a society that specializes in consumption and leisure.
Such insights are truly relevant but work should be more important than fishing!
There is an ad for a new book from OECD in Europe: "Workforce Development in a skilled-based economy. Edited by Sylvard Giguere. Such rationale can be found in "Keys for Economic Understanding" stressing skilled labor for American economic development. Developed for the United States Department of Labor in 1965 an published in 1971. www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao on Monday, June 2, 2008 at 3.04 p.m.
Page 29: The decrease in personal savings as the Harvard economist Richard Cooper has noted, has been largely offset by an increase in corporate savings. (Cooper was my colleague at the RAND corporation,Santa Monica,California in 1964-65.)
The US investment picture also looks much rosier IF education and RD spending are considered along with spending on physical capital and housing.(I would concur apropos of education and training as elabored in "Keys for Economic Understanding."
Americans are borrowing 80% of the world's surplus savings and using it for consumption. Americans are losing interest in the basics: more manufacturing, hard work,savings and becoming a society that specializes in consumption and leisure.
Such insights are truly relevant but work should be more important than fishing!
There is an ad for a new book from OECD in Europe: "Workforce Development in a skilled-based economy. Edited by Sylvard Giguere. Such rationale can be found in "Keys for Economic Understanding" stressing skilled labor for American economic development. Developed for the United States Department of Labor in 1965 an published in 1971. www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao on Monday, June 2, 2008 at 3.04 p.m.
Sunday, June 1, 2008
Taiwan's New President,a Harvard-educated lawyer
Cross-strait relations are bound to be harmonious for mutual benefits. President Ma sets out his stall for buying and selling to China. President Ma pleased China by stressing the common heritage i.e. language and culture,shared by people on both sides of the strait. Ma distanced himself from former leader Chen's confrontational policy towards the mainland. It is known that ethnic Chinese are Chinese regardless of their residences in the mainland or in Taiwan. Americans need to learn the Chinese language and culture especially Confucianism for better understanding of China and Taiwan in the 21st century for peace and economics. Nobody would impugn for such beneficient outlook.
My comment: If any conflict is to be avoided,there is no need for US to sell weapons to Taiwan since there will be peace and economic development. Any other scenarios in the 21st century? Positive or negative in the nuclear age for one's mind's eye.
Inflation is back in China and in USA. Leaders are working for the best interest of the people in the days to come? Moreover,America is in a recession or slowdown as the case maybe? Central banks policy makers should take note in developed and developing nations in the world. Trade balance of USA has been on the minus side;
it has been plus for China. Such is food for thought for Sino-American economics apropos of pocket-tight consumers in USA and American businesses for profits in China. Brainpower is needed for making smart projection instead of stupid provocation in good humor,indeed!
Francis Shieh a.k.a. Xie Shihao, a lifelong learner of US-China economic activities on Sunday,June 1, 2008 at 6.50 a.m.
My comment: If any conflict is to be avoided,there is no need for US to sell weapons to Taiwan since there will be peace and economic development. Any other scenarios in the 21st century? Positive or negative in the nuclear age for one's mind's eye.
Inflation is back in China and in USA. Leaders are working for the best interest of the people in the days to come? Moreover,America is in a recession or slowdown as the case maybe? Central banks policy makers should take note in developed and developing nations in the world. Trade balance of USA has been on the minus side;
it has been plus for China. Such is food for thought for Sino-American economics apropos of pocket-tight consumers in USA and American businesses for profits in China. Brainpower is needed for making smart projection instead of stupid provocation in good humor,indeed!
Francis Shieh a.k.a. Xie Shihao, a lifelong learner of US-China economic activities on Sunday,June 1, 2008 at 6.50 a.m.
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