Page A1: President Barack Obama: Headline-A day of history as new leader urges unity amid raging storms of war and recession: War on Terrorists and Recession due to global financial crisis. Both USA and China have encountered the threat of Terrorism. Shares of citigroup fell 20% to $2.80 a share and Bank of America Corp shares were down 29% to $5.10. However,banks in China seem to be doing OK especially the upcoming Lunar New Year of the Cow/Ox effective January 26, 2009.
Page A3: US Senate confirms Steven Chu as Energy Secretary. He is a Nobel prize-winning physicist. His role is to help Obama administration craft its new energy policy including US-China energy relations for mutual benefit as he testified in Congress several days ago. Chu should be Zhu in official Pin Yin system of romanization but the Last name sounds like "Drool" as I sent my prior blog to explain such phonetic equivalent for Westerner to utter the names of the Chinese people. My last name should be Xie in official Pin Yin but I am stuck with Shieh in 1947 as a variation of Hsieh as per the Wade-Giles system of romanization. "A Glimpse of the Chinese Language" explains such discrepancies. www.rand.org for the publication of such work.
Page A12: Col.Hu Changming of China said he hopes the US and China can improve military relations(RAND Corporation researchers made recommentation for military exchanges with China decades ago) but remove the weapon sales to Taiwan since China has improved economic relations with Taiwan under Ma,President of Taiwan and vice versa. It would be to US interest when there is peace across the Taiwan strait.
Page A14: Anxious investors pummeled share of Bank of America and Citigroup which some observers think might be nationalized. A bit of humor: Bank of America bears the name of a bank of America i.e. USA. It is mistakenly considered as a public bank of USA to new immigrants in particular even though it is a private bank as known to Americans. Such misnomer may be regarded as "paradox of mindset" as an economic model during the financial crisis.(sic)
Page A17: Develop Human Capital for USA with economic benefit and an active lifestyle plus sensible nutrition. Walking and riding with a bike would be good for health for folks in USA and in China as well. Eat lots of veggies and fruits would be desirable for health as human capital in USA and in China. There is the common ground and nobody would impugn,indeed!
Page B5: As China's economy slows,Carrefour,a French store, tries discounts;Gillett tugs heartstrings in bid to keep consumers spending in China.
That is all for Sino-American economics on January 21, 2009 at 2.52 p.m.
Francis Shieh a.k.a. Xie Shihao,an observer of Sino-American economics in the works.
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