USAToday,March 18, 09 on page 8A: Editorial-
"China's Wake-up Call for US." (It is the lifestyle(i.e.enjoy now and pay later) as I sent my blogs in the past)
Chinese Premier Wen was concerned about the value of the 1 trillion his government has loaned to the US by purchasing its Treasury notes. The US borrows and owes, the Chinese loan and invest. American borrows so much that China is right to be worried. High interest rates would erode the value of Treasuries. It would drive up rates for everything from credit card debt to mortgages, potentially choking off any economic recovery. Food for thought for readers to ponder and reflect such happenings.
Washington Times,March 18, 2009 on pages A1,A9: " Commerce pick tied to China"
Gary Locke is an American leader (as the Governor of the State of Washington) of Chinese ancestry working for law clients doing business in China. Obama administration is confident that Locke can avoid any conflicts of interests. As Governor and an attorney representing US firms, he created opportunities for American businesses overseas, a critical experience for any commerce secretary. Mr. LaBaolt said.
A person's ancestry does not indicate a person's loyalty under the Constitution of the United States,14th Amendment except his/her face value of color. Americans of Japanese ancestry were unfairly treated during th4e WWII in the last century. Such outrageous discrimination should and would not happen in the 21st century for Americans of all colors as human resources of USA. Two American scholars of Chinese ancestry had to leave a Maryland college after 17 and 18 years of teaching as tenured professors. That happened in 1983 and 1984 on record.
We are now living in 2009 under the leadership of President Obama who has the mixed background to be the leader for the colorful folks in the United States as the melting pot of all races with my salutations.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 and an American citizen since 1954.
March 18, 2009 at 3.12 p.m.
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