Stay Smart and be law-abiding as good folks with ethics and morality

Washington Post, March 13, 2009 on page A1: Stocks soar,but dismal signs remain:

Falling home prices have wiped out four years of gains in Americans' net worth. The Federal Reserve data underlined just how quickly wealth created during the biggest credit bubble in history has vanished, leaving Americans without the college funds,nest eggs and other reserves they had set aside.

Page A14: Symbol of a Get-Rich-Quick era reports to Jail:

Richard Friedman was classic bait for the smooth-talking Bernard Madoff. Friedman started investing with Madoff in 1991 and lost his entire life savings, about $3 million. Madoff pleaded guilty to charges including securities fraud, mail fraud and money laundering.He was sent to jail after hearing. Such is the human behavior of a greedy person in USA. Needless to say,there are some corrupt people in China with the wrong behavior as the lost sheep. We need to promote ethics and morality. Adam Smith,Ben Franklin and Confucius and Mencius are to be studied by good folks in USA and in China to be law-abiding for the best interests of the individual and the nation. Such an idea may be academic but would be desirable for intellectual pursuit of good readers of Sino-American economics.

Page A12: President Obama stressed the importance of raising the level and frequency of the US-China military to military dialogue in order to avoid future incidents.

"Washington and Beijing have voiced a desire to cooperate on issues ranging from the global economic crisis to North Korea. Obama and Yang(Foreign Minister of China,educated at the London School of Economics) agreed that China and the US must work closely and urgently as two of the world's leading economies to stabilize the global economy by stimulating demand at home and abroad, and get credit markets flowing."the White House said. Such is the same rationale as my previous blogs.

Francis Shieh a.k.a. Xie Shihao, an octogenarian student to watch the positive development of two nations on both sides of the Pacific for peace and security in the nuclear age.

Defense Technology International, March 2009 issue published an article on Chinese destroyer Qingdao in San Diego in 2006 with photo of Qingdao steams from Pearl Harbor after an exercise with the US Navy. Richard D. Fisher,Jr. is the author of China's Military Modernization: Building for Regional and Global Reach(Praeger,2008)

March 13, 2009 at 9.56 a.m.