Monday, November 2, 2009

Just laugh it off. In Pin Yin:"Yi xiao zhi zhi"

There are funny things we encounter in our lives so we must dismiss with a laugh! Such things may be a matter of perception and reception as we have our mindset.

Humor may be described as a yardstick to which we are trapped in a world without sound reason to witness all happenings in the world in the media.

Laughter is what we sense of such with wisdom. Happiness is not material consumption over desire only and we must add intellectual pursuit,spiritual satisfaction and good health. This is a reiteration of my past blogs. Cf. archives at www.Sino-American economics for reference.

Words offered to the readers from an octogenarian. Please have a great humorous day,everyday to live longer with Hehehahahoho all the way to strive to be centenarians.

Francis Shieh a.k.a. Xie Shihao on Monday, Nov.2nd ready to go to Shanghai, China to change my pace of life until I come back on Nov.30th 2009. At 3.32 a.m.

Sunday, November 1, 2009

Washington Post,Nov.1, 2009 page A28 Editorial

In the ideal world of economics, firms that take excessive risks go bankrupt, their competitors pick up the pieces and the economy marches on. Some call it creative destruction In the real world, certain financial institutions are so big and so interconnected that their collapse - no matter how richly deserved - threatens plain old destructive destruction. Government steps in, with taxpayer money to prevent that.

China is reforming its economy and the role of the government is noted under the market system.

Francis Shieh a.k.a. Xie Shihao, an observer of comparative economics in USA and in China.

Sunday, Nov. 1, 2009 at 3.20 p.m.