Global Trade Posts sharp decline

Wall Street Journal,January 14, 2009 page A1:

Combined exports and imports by the US, the world's largest economy, droped 18% from July to November 2008. China posted its most severe foreign trade decline in a decade.

Consumers are cutting their spending virtually everywhere. The consequence is obvious.
Page A2: China hit by big capital outflow, but data indicate continuing purchases of US Treasurys. Evidence of Sino-American Economics!

Page A13: Paul Kennedy, Director of International Security Studies at Yale University.

"Overspending and military overstretch are contributing to the decline of the US and the rise of Asia.

Page A26: Susan Schwartz's letter to the Editor,New York Times,Jan.14,2009:

"Thomas Friedman wants to double the salaries of all math. and science teachers to make US more innovative. But without language teachers to teach students to read and comprehend incresingly complex materials and how to communicate it clearly to others and without social science teachers to teach students about the global economy and the diverse cultures,we would not be able to interact properly."

Math.science and technology will not increase American competitiveness.

We must make investment in human resources in America as I sent my previous blogs apropos of the needs of linguists and economists in the 21st century for the best interest of USA.

Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics and Chinese/English languages.

January 14,2009 4.06 p.m.