The large 4th quarter losses reported by Bank of America and Citigroup showed the depth of the recession:the economy continues to deteriorate. Credit quality deteriorated further: Consumers continued to experience high levels of stress from declining home prices, rising unemployment and tighter credit conditions. But the worst will be over with faith hope and understanding.
Bank of America slashed its divided to a penny per share, down from 64 cents a year ago. Citigroup will pay a penny a share,down from 54 cents.
Chinese New Year Concert 2009: The Qingdao(Shangdong Province) Symphony Orchestra will be performing at the Kennedy Center Concert Hall on February 1, 2009. The Lunar New Year starts on January 26, 2009. I shall leave Washington,D.C.on January 24th and arriving Shanghai on January 25, 2009 for New Year's Eve celebration. On Sunday,US Marine Band string will play at Lincoln Memorial,Principal Violist F.Chris will be performing as a member of USMC Band,"the President's Own".
Francis Shieh a.k.a. Xie Shihao,an American citizen imbued(chongman in Pin Yin) with my native Chinese language and culture by virtue of my background. I am looking forward to witness Inauguration re a new President Obama on January 20, 2009 in making American multi-cultural history with global repercussions. Jan.17,09 at 10.52a.m.