www.yaleeconomicreview.com August 2009 & America at Risk,a new book

1. Securing Land Rights for Chinese Farmers.: A Leap Forward for Stability and Growth: By Roy Prosterman, Professor Emeritus of Law at the University of Washington and Founder of the Rural Development. His article is insightful and analytical as a magnum opus.

2. Critical Analysis: The Ren Min Bi(RMB)'s Exchange Value by Frances Kim:

Forcing the RMB to appreciate would increase long-term interest rates which can prolong the effects of a recession in the economy.

This ambiguity yields only one conclusion: that to improve the demestic economy in US efforts would be better focused on other areas.

Comment: If federal funding is available,training and retraining of the labor force would be desiderata right now. When there is more skilled labor to supply the changing demands of the society, both the private sector and the public sector would have more job holders to pay tax to generate revenue for the overall economy. Jobless folks would be a waste of human resources and action must be taken as soon as possible when the authorities would see fit for such priority on the agenda to recover from the current financial crisis by reducing the rate of unemployment.

Recommending a book reviewed by faculty members in private and public institutions in USA:

"AMERICA AT RISK": The Crisis of Hope, Trust, and Caring. By Robert Perrucci and Carolyn C. Perrucci.

"Essential reading for the new Obama Administration and for all folks in the current crisis. This book connects the breakdown in trust with the corporate global policies that have stripped Americans of their jobs and dreams. The Perruccis exemplify the sociological imagination we need for the 21st century.

---Charles Derber, Boston College, a private Jesuit college.

"Hope, Trust, and Caring: three indispensable ingredients for a secure and democratic society. Perrucci and Perrucci argue that these ingredients have been eroded by institutional restructuring and an ever-growing cultural crisis over the last 30 years. It proposes an agenda to place hope, trust and caring at the center of social life. A highly readable and accessible book."

---Vicki Smith, University of California, a public university in California.

Francis Shieh a.k.a. Xie Shihao, an octogenarian faculty in private and public colleges sharing such information with readers online on Sunday, August 23 2009 at 1.46 p.m.