America's spenders and Asia's savers:WashPost

Washington Post, Oct. 20, 2009 on page 15A

FED chairman Bernanke noted that Asian policies to contain the crisis and global recession seem to be having their intended effect. In China, India and Indonesia, he noted, indistrial output has already hit new peaks. Generally speaking, the Asian response to the crisis appears thus far to have been effective." The way to learn is to look at the empirical evidence.

I have sent my blogs in the past to stress the lifestyles of Asians and different from Americans. Moreover,customs and traditions should be taken into consideration for affecting lifestyles. Furthermore, Asian philosophy has an impact on the lifestyles as well.

Page 12A: Bosses benefit after bailout:

Peck and Lewis(Photo) each received more than $100,000 for personal use of corporate jets. Peck is chief executive of the troubled lender CIT, and Lewis runs Bank of America. Both lenders have received federal government support. Here we detect the relationship of the public sector and the private sector in unison re economics in action.

Francis Shieh a.k.a. Xie Shihao, an observer of Sino-American Economics since 1947 and as a learner of economic philosophy from Adam Smith and Confucius/Mencius for ethics and moral philosophy.

Tuesday, October 20, 2009 at 5.36 p.m.