Page A1: US Treasury Secretary said:" Our judgment is that the best way to get through this is if we can work with the markets. We don't want the government to assume all the risk. We want the private sector to work with us." Such rationale is the same as I sent my past blogs: the mix of both public sector and the private sector as the sequel for economic development.
Ban on Feet-nibbling fish leaves nail beauty salons on the hook in Alexandria, Virginia: There is more than one way to skin a foot.(sic)
Page A2: China and other Asian nations, which over a decade of export-led growth socked away trillions of dollars in foreign currency reserves: Imbalance in savings clouds forecast for recovery.
Query: Can se modify lifestyles of consumers in USA and UK? That is the issue of customs and tradition. Study Ben Franklin and compare with the thoughts of Confucius/Mencius,some light may be shed out of the tunnel of darkness. It is the philosophy of life. The Smart folks would learn!
Page A10: Prime Minister Rudd said: Australia cannot avoid a recession given the global economic downturn. He speaks fluent Mandarin with his vision: economics and language can go hand in hand for better understanding.
Page B3: Chinese authorities declare Johnson & Johnson baby products are safe to use. A Coalition of American non-profit organization is urging Johnson & Johnson to reformulate its products to exclude the chemicals anyway.
Francis Shieh a.k.a. Xie Shihao who keeps up with on-going happenings for Sino-American economics. March 23,2009 at 3.33 p.m.
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