Washington Post, June 25, 2009 Page A1 A13:
An economist at California State University said: "It would have taken half a sentence to say 'when the time comes we are ready to exit.'" The economist interprets the omission as evidence that Chairman Ben Bernanke wants the central bank to remain focused on jump-starting the economy. He said it is not time yet for the FED to pull back. Inflation is unlikely to flare up because there is much slack in the economy, unemployment is expected to rise through 2010 and consumers and businesses are not spending.
GDP is moving very slowly as the result of human behavior in a nutshell. The actions of folks would be the yardstick of the economy. In USA and in China as well for us to witness the happenings in the days,weeks,months and years to come as empirical evidence.
Page A15: Photo of Zhao and his son ate lunch will billionaire investor Warren Buffett in New York. Buffett handed the boy his wallet and a stock tip.
Zhao pays $2.11 million for lunch with Buffett. Zhao is the manager of the hedge fund who owed his firm's 600% return over the past six years to lessons he learned from the Oracle of Omaha. Zhao changed his investment philosophy for the record-breaking bid in charity auction. The proceeds benefit the Glide Foundation, a San Francisco-based charity. Faith and Hope must be added to Charity as the leading words for "Life is worth living." making contributions to the intellectual society.
WashPost,June 21,09 page G2: Zen Masters. In Pin Yin:"Ren Ci" as benevolence: Los Angeles Lakers head coach Phil Jackson has won his 10th NBA championship. His spirituality is part of his guiding leadership philosophy, and it works for him. Such should work for all of us in the pursuit of philosophical underpinning.
Francis Shieh a.k.a. Xie Shihao on June 25, 2009 at 12.48 p.m.