WashPost,July 16th and TIME magazine July 20, 2009

Washington Post, July 16, 2009 page A14:

FED sees heightened joblessness drawing out recovery:

"The bottom line is that the economy is still very weak and very fragile," Said Bill Hampel, chief economist of the Credit Union National Association.

Federal Reserve projected that the unemployment rate may surpass 10% by end of the year and the economy may not return to full health for at least five years.

TIME magazine,July 20, 2009 issue page 48-51: "Can Community Colleges Save the US economy?" A Feature article citing the role of community colleges in USA to train workers to get jobs during the time of global recession. The following works are relevant to the role of American community colleges to enhance productivity for economic growth.

1.Congressional Record,July 18, 1974: Published "The Future of Community Colleges"

2. "Keys for Economic Understanding"(1971) had foresight about training and retraining of workers in 1200+ community colleges in USA to be employable for a changing economy. Saving Cash Living at home and get a job with a marketable skill.

President Obama is working on a plan to help every American get at least one year of college or vocational training.

3. "Keys to Economic Understanding" Publlished in 1976 apropos of the need of Vocational training for economic growth. www.ask.com for reference.

4. "Work and Study Cycle Theory" 1978,listed in the Library of Congress (www.loc.gov) may be validated and implemented in USA and in China.

Bill & Melijda Gates Foundation announced up to $500 million in grants, aiming to double college completion rates by 2025.

WashPost,July 16th page A14: with photos- Asian nations culd outpace US in developing clean energy:

Energy Secretary Steven Chu and Commerce Secretary Gary Locke are visiting China this week to discuss cooperation on energy efficiency, renewable energy and climate change.

Page A20: China's new stimulus plan raises the nation's 2020 target for solar power from 1.8 gigawatts to 20 gigawatts. China is trying to catch up in a global race to find alternatives to fossil fuels. China promotes vocational training as well. Such is the common ground of Sino-American economics.

President Obama said: "We can cede the race for the 21st century, or we can embrace the reality that our competitors already have: The nation that leads the world in creating a new clean energy economy will be the nation that leads the 21st century global economy." Nobody would impugn.

Francis Shieh a.k.a. Xie Shihao, watching cooperation and collaboration of USA and China for mutual benefit in the name of globalization re economics for humanity.

Thursday, July 16, 2009 at 12.18 p.m.