Washington Post, March 31, 2009 on page A17:-
Lucian Bebchuk, a professor of law, economics and finance at Harvard Law School and director of its program on corporate governance, is the author of "A Plan for Addressing the Financial Crisis" and "How to Make TARP II Work," white papers issued in September 2008 and February 2009 by Harvard Law School's Olin Center for Law, Economics and Business. His magnum opus surely deserves to be studied.
His conclusion: "Establishing privately managed funds that are financed with both private and public capital offers the best approach to restarting the market for troubled assets. Adding a market mechanism for setting the level of government subsidy is necessary to reduce the program's cost to taxpayers and would leave the government with the most ammunition for the tasks that still lie ahead."
Such distingushed scholar has published such an article with insights and I do respect his judgment. I had similar thoughts as I sent my previous blogs apropos of the mix of private sector and the public sector in the market system. China's market system is known from my numerous visits and as a visiting consultant for United Nations Development Program (UNDP)in 1982,1986-1987. I have reason to believe that such market system in China has been witnessed by others with insights.
On page A13: Google,Music Labels Launch Download Service in China.
Google and major music companies launched a free Internet music download service for China in a bid to help turn a field dominated by pirates into a profitable, legitimate business. The ad -supported service will offer 1.1 million tracks,including the full catalogs of Chinese and Western music for Warmer Music Group,EMI Group, Sony Music Entertainment, Universal Music and 14 independent labels,the companies said. It will be limited to use by computers whose Internet protocol, or IP, addresses show they are in mainland China.
Well,music is pleasing to the ears regardless of borders or space and I am sure folks in China can enjoy both Chinese music and Western music to bridge the gap of the East and the West in this respect with impact. Here is economics of human capital of health. Music is relevant to health because music has a bearing on mood and mood is part and parcel of health. Such etiology is known to music lovers in particular. I have not encountered a person who would dislike music unless the person is deaf or mute in the light vein.(sic)
Francis Shieh a.k.a. Xie Shihao,a frequent visitor to China to learn the economic system with on-the-spot observations and intellectual findings.
March 31, 2009 at 11.15 a.m.
Tuesday, March 31, 2009
Reports from China by James Fallows:WashPost,3/31/09
Washington Post,March 31, 2009 on page C2:
"Postcards from tomorrow square" by James Fallows Vintage 262 pp. $14.95,paperback
"Reviewed by John Pomfret,staff writer of WashPost.
"Veteran journalist and former US News & World Report editor James Fallows moved to China in 2006 fully committed to unpacking the complexity of the most populous nation on Earth. It would be better if Fallows would study Chinese language and culture for better understanding of China from the original sources as etiology.
Underlying Fallows's work in China is a belief that if we don't get China right, we're in for serious problems. The US-China relationship arguably could determine the future of the world. The US and China accounted for more than half the world's economic growth. Cf. previous blogs via Sino-American Economics.
China's model of development poses a challenge to Western liberal democracy. It is in almost constant flux." It is Socio-Economics. In other words,economics is designed to serve the society. Moreover,economics has a bearing with morality and ethics. Adam Smith was a professor of philosophy and an economist as known in the West. Ben Franklin preached his aphorism well.In the East, Confucianism has influened thoughts in the minds and hearts of Chinese leaders and folks for thousands of years. It is high time for scholars to study the thoughts of renowned thinkers of the East and the West since there is One World and One Economy apropos of globalization and One Human Race for homosapiens in the name of humanity.
"China's economic miracle is the achievement of lifting 200 million people out of poverty from the billions aid by the World Bank." Fallows noted. China has had other scientific successes known to the world as empirical evidence.
Fallows has sharp eye and ears to witness the changing China in such a speedy way with amazing moving spirit. China's labor is known with business skills plus industry.
Page A12:Developing nations set to get more say at G-20 notably China to win authority to shape decisions at IMF. China is part and parcel of global financial system as observed by Howard Davies,director of London School of Economics.
Francis Shieh a.k.a. Xie Shihao trying to compare the East and the West since early 1940s with the goal to learn everyday to share my modest analysis for readers of Sino-American economics. March 31, 2009 at 10.26 a.m.
"Postcards from tomorrow square" by James Fallows Vintage 262 pp. $14.95,paperback
"Reviewed by John Pomfret,staff writer of WashPost.
"Veteran journalist and former US News & World Report editor James Fallows moved to China in 2006 fully committed to unpacking the complexity of the most populous nation on Earth. It would be better if Fallows would study Chinese language and culture for better understanding of China from the original sources as etiology.
Underlying Fallows's work in China is a belief that if we don't get China right, we're in for serious problems. The US-China relationship arguably could determine the future of the world. The US and China accounted for more than half the world's economic growth. Cf. previous blogs via Sino-American Economics.
China's model of development poses a challenge to Western liberal democracy. It is in almost constant flux." It is Socio-Economics. In other words,economics is designed to serve the society. Moreover,economics has a bearing with morality and ethics. Adam Smith was a professor of philosophy and an economist as known in the West. Ben Franklin preached his aphorism well.In the East, Confucianism has influened thoughts in the minds and hearts of Chinese leaders and folks for thousands of years. It is high time for scholars to study the thoughts of renowned thinkers of the East and the West since there is One World and One Economy apropos of globalization and One Human Race for homosapiens in the name of humanity.
"China's economic miracle is the achievement of lifting 200 million people out of poverty from the billions aid by the World Bank." Fallows noted. China has had other scientific successes known to the world as empirical evidence.
Fallows has sharp eye and ears to witness the changing China in such a speedy way with amazing moving spirit. China's labor is known with business skills plus industry.
Page A12:Developing nations set to get more say at G-20 notably China to win authority to shape decisions at IMF. China is part and parcel of global financial system as observed by Howard Davies,director of London School of Economics.
Francis Shieh a.k.a. Xie Shihao trying to compare the East and the West since early 1940s with the goal to learn everyday to share my modest analysis for readers of Sino-American economics. March 31, 2009 at 10.26 a.m.
Monday, March 30, 2009
USAToday and Wall Street Journal,March 30,09
Page 1B USA Today: Page 1B:-
Gold may rebound this week as currencies weaken following interest rate cuts by central banks, boosting the appeal of the precious metal as an alternative asset.
Page 5B:- Steps toward your goal in life:
1. Learn to save. Saving for future needs.
2. Control spending. Exercise restraint.Material things are limited but spirituality is unlimited in minds and in hearts.
3. Picture one's reason for saving. For what? Various reasons as one's own wishes.
4. Keep learning: "Work and Study Cycle Theory" www.Google.com for reference. Living is learning in the way of life.
5. Uncover one's passion. Do what one enjoys to do for pastime.
6. Look for the good in everything. Be positive in outlook and be happy and go lucky.
Wall Street Journal,March 30, 2009 on page A18:-
A call for nationalism by Jason Dean: A copy of "Unhappy China" as economic crisis damages the West for a collection of scholarly essays. Try to study Confucianism from the East as an option. The readers of such book must be alerted to the prior blog i.e. views by American leaders and thinkers apropos of US-China or Sino-American economics in the 21st century.
Francis Shieh a.k.a. Xie Shihao on March 30, 2009 at 3.20 p.m.
Gold may rebound this week as currencies weaken following interest rate cuts by central banks, boosting the appeal of the precious metal as an alternative asset.
Page 5B:- Steps toward your goal in life:
1. Learn to save. Saving for future needs.
2. Control spending. Exercise restraint.Material things are limited but spirituality is unlimited in minds and in hearts.
3. Picture one's reason for saving. For what? Various reasons as one's own wishes.
4. Keep learning: "Work and Study Cycle Theory" www.Google.com for reference. Living is learning in the way of life.
5. Uncover one's passion. Do what one enjoys to do for pastime.
6. Look for the good in everything. Be positive in outlook and be happy and go lucky.
Wall Street Journal,March 30, 2009 on page A18:-
A call for nationalism by Jason Dean: A copy of "Unhappy China" as economic crisis damages the West for a collection of scholarly essays. Try to study Confucianism from the East as an option. The readers of such book must be alerted to the prior blog i.e. views by American leaders and thinkers apropos of US-China or Sino-American economics in the 21st century.
Francis Shieh a.k.a. Xie Shihao on March 30, 2009 at 3.20 p.m.
Japanese Kanji is Chinese Hanzi: Cultural affinity
Washington Post,March 30, 2009 page A8: Crews are hard at work across Tokyo, an immaculately maintained city that is tripling its public works projects in an effort to fight back against the global recession. The rest of Japan is trying to decide whether to follow suit. (Photo in Kanji i.e. Hanzi: Pedestrians Passage in 4 Chinese characters.
"A Glimpse of the Chinese Language" is available at www.rand.org free of charge via PDF format as public service. Such cultural affinity can be known.
March 29,09 issue on page A8: Jump-Starting the Global economy: -
United States: $841 billion
China: $204 billion
Japan: $104 billion
The total amount of the stimulus packages approved by the G-20 countries amounts to $1.6 trillion. More than half of that comes from the USA.
Francis Shieh a.k.a. Xie Shihao watching G-20 with profound zeal as a lifelong learner to study the happenings of "Lingonomics" the mix of language and economics.
March 30, 2009 at 2.28 p.m.
"A Glimpse of the Chinese Language" is available at www.rand.org free of charge via PDF format as public service. Such cultural affinity can be known.
March 29,09 issue on page A8: Jump-Starting the Global economy: -
United States: $841 billion
China: $204 billion
Japan: $104 billion
The total amount of the stimulus packages approved by the G-20 countries amounts to $1.6 trillion. More than half of that comes from the USA.
Francis Shieh a.k.a. Xie Shihao watching G-20 with profound zeal as a lifelong learner to study the happenings of "Lingonomics" the mix of language and economics.
March 30, 2009 at 2.28 p.m.
How China and American became One Economy(sic)
Zachary Karabell is the President of River Twice Research and the author of the forthcoming book with the above title. Washington Post Sunday,March 29, 2009 published on page B1,B5: The following citation would be timely for G20 in London on April 2, 2009 to try to resolve economic crisis by 20 nations in the days,months and years to come. President Obama will meet President Hu for US-China economics/Sino-American economics apropos of the global dimension. To wit:
"Former national security adviser Zhigniew Brzezinski has remarked that the world should focus less on the G20 and more on a "G2" of China and the United States. In many respects, the two nations have become a single economic system; historian Niall Ferguson has even coined the term "Chimerida" to describe their symbiosis. In 2008, before the economic storm hit, China and the US accounted for more than half of all global economic growth. John Lipsky, the deputy director of the IMF predicted that emerging economies would provide 100% of the world's growth in 2009. Given that China is the linchpin of the emerging world, it could well account for much of global growth now, much as the US did in the mid-20th century heyday."
RE: "Work and Study Cycle Theory",(1978) listed in the Library of Congress www.loc.gov and Georgetown University Library online catalog, I had the same rationale in the conclusion and I am delighted to learn that other thinkers have the identical thoughts as quoted above. Such citations would be useful for readers of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Monday,March 30, 2009 at 10.16 a.m.
"Former national security adviser Zhigniew Brzezinski has remarked that the world should focus less on the G20 and more on a "G2" of China and the United States. In many respects, the two nations have become a single economic system; historian Niall Ferguson has even coined the term "Chimerida" to describe their symbiosis. In 2008, before the economic storm hit, China and the US accounted for more than half of all global economic growth. John Lipsky, the deputy director of the IMF predicted that emerging economies would provide 100% of the world's growth in 2009. Given that China is the linchpin of the emerging world, it could well account for much of global growth now, much as the US did in the mid-20th century heyday."
RE: "Work and Study Cycle Theory",(1978) listed in the Library of Congress www.loc.gov and Georgetown University Library online catalog, I had the same rationale in the conclusion and I am delighted to learn that other thinkers have the identical thoughts as quoted above. Such citations would be useful for readers of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Monday,March 30, 2009 at 10.16 a.m.
Sunday, March 29, 2009
US plans to work with China,Russia on Afghanistan
Washington Post,March 27, 09 page A13 Regional Outreach for common ground in the 21st century apropos of the study of Terrorism.
WashPost,March 28 page A12 Editorial: Al-Qaeda is actively planning attacks on the US homeland from its safe haven to Pakistan, the description by Mr.Obama.
The following books may be useful for such endeavor.We need a team builder for such a goal to prevent a return of the terrorists such as Al-Qaida and Taliban.
1.Leaderless Jihad: Terror Networks in the 21st century by Marc Sageman: University of Pennsylvaia Press, Philadelphia, PA, 2008; hardcover, 200 pages, $24.95,http://www.pennpress.org
2. Architect of Global Jihad: The Life of Al-Qaida Strategist Abu Mus'ab al-Suri; By Bryngar Lia; Columbia University Press, New York, 2008; hardcover,510 pages, $28.95, http://www.columbia.edu/cu/cup
3.The History of Terrorism: From Antiquity
to Al Qaeda; Edited by Gerard Chaliand and Arnaud Blin; University of California Press, Berkeley, 2007; Softcover, 474 pages, $24.95, http://www.uspress.edu
Our winning attitude assures success. When there is a will,there is a way!
Francis Shieh a.k.a.Xie Shihao,a readers of contemporary references to keep pace with the developments to share with readers online via www.Sino-American Economics of Peace. Sunday, March 29, 2009 at 2.36 p.m.
WashPost,March 28 page A12 Editorial: Al-Qaeda is actively planning attacks on the US homeland from its safe haven to Pakistan, the description by Mr.Obama.
The following books may be useful for such endeavor.We need a team builder for such a goal to prevent a return of the terrorists such as Al-Qaida and Taliban.
1.Leaderless Jihad: Terror Networks in the 21st century by Marc Sageman: University of Pennsylvaia Press, Philadelphia, PA, 2008; hardcover, 200 pages, $24.95,http://www.pennpress.org
2. Architect of Global Jihad: The Life of Al-Qaida Strategist Abu Mus'ab al-Suri; By Bryngar Lia; Columbia University Press, New York, 2008; hardcover,510 pages, $28.95, http://www.columbia.edu/cu/cup
3.The History of Terrorism: From Antiquity
to Al Qaeda; Edited by Gerard Chaliand and Arnaud Blin; University of California Press, Berkeley, 2007; Softcover, 474 pages, $24.95, http://www.uspress.edu
Our winning attitude assures success. When there is a will,there is a way!
Francis Shieh a.k.a.Xie Shihao,a readers of contemporary references to keep pace with the developments to share with readers online via www.Sino-American Economics of Peace. Sunday, March 29, 2009 at 2.36 p.m.
Saturday, March 28, 2009
Gold is the thing folks do cherish in China and in USA
A bit of humor to be submitted to G-20 in London on April 2, 2009:
Columbus once observed that gold was such wonderful stuff that it could even get you into Heaven. While it has lost some of this luster with the passage of centuries as sophistication has grown among men and women who deal in monetary matters,a good many folks still believe that our links to gold are the solid obstacles that keep us from going right to HELL,acronym for: H as Haven "An quan suo" in Chinese Pin Yin.
E - Enhancing
L - Light
L - Lens
The role of gold,not only in our monetary structure, but in our minds and hearts as crucial to every investment decision.
The orthodox view of gold has powerful supporters among ladies. The Special Drawing Rights created by IMF are basically tied to gold,indeed.
Francis Shieh a.k.a. Xie Shihao who would share the above with readers for fun.
Saturday,March 28, 2009 at 3.50 p.m.
Columbus once observed that gold was such wonderful stuff that it could even get you into Heaven. While it has lost some of this luster with the passage of centuries as sophistication has grown among men and women who deal in monetary matters,a good many folks still believe that our links to gold are the solid obstacles that keep us from going right to HELL,acronym for: H as Haven "An quan suo" in Chinese Pin Yin.
E - Enhancing
L - Light
L - Lens
The role of gold,not only in our monetary structure, but in our minds and hearts as crucial to every investment decision.
The orthodox view of gold has powerful supporters among ladies. The Special Drawing Rights created by IMF are basically tied to gold,indeed.
Francis Shieh a.k.a. Xie Shihao who would share the above with readers for fun.
Saturday,March 28, 2009 at 3.50 p.m.
USAToday,March 27-29, 2009
Page 1A:
Social network is a staple for a growing number of adults including the screen icon at age 92.
Page 6A:- Bigger is not always better, Ralph Craig wrote to the Editor. I do remember the book entitled "Small is Beautiful" by Schumaker in the 1970s.
"We need fewer people and life can be more calm, less stressful and friendlier." Craig said. That is the reason why China has birth control with so much folks already. China is the most populous nation in the world.
As I came to USA in 1947, I noticed the difference when I compare things today with the conditions several decades ago. The same situations I noted when I visited China in 1980s,1990s and in the 21st century.
Page 1B: We're all at risk: The current financial crisis is all-inclusive, our path to prosperity or even simple financial stability seemingly obliterated.
The personal stories illustrate how unemployment, health problems, shrinking retirement savings, unaffordable mortgages and other financial stressors lead to unprecedented challenges. Such negative scenario would not be accepted in my mind.
As an octogenarian,my recommendation to the younger readers would still be: Faith,hope and charity for better days to come.
Francis Shieh a.k.a. Xie Shihao who would share my blogs with the readers as my intellectual gifts to YOU. Saturday,March 28, 2009 at 14.32 p.m.
Social network is a staple for a growing number of adults including the screen icon at age 92.
Page 6A:- Bigger is not always better, Ralph Craig wrote to the Editor. I do remember the book entitled "Small is Beautiful" by Schumaker in the 1970s.
"We need fewer people and life can be more calm, less stressful and friendlier." Craig said. That is the reason why China has birth control with so much folks already. China is the most populous nation in the world.
As I came to USA in 1947, I noticed the difference when I compare things today with the conditions several decades ago. The same situations I noted when I visited China in 1980s,1990s and in the 21st century.
Page 1B: We're all at risk: The current financial crisis is all-inclusive, our path to prosperity or even simple financial stability seemingly obliterated.
The personal stories illustrate how unemployment, health problems, shrinking retirement savings, unaffordable mortgages and other financial stressors lead to unprecedented challenges. Such negative scenario would not be accepted in my mind.
As an octogenarian,my recommendation to the younger readers would still be: Faith,hope and charity for better days to come.
Francis Shieh a.k.a. Xie Shihao who would share my blogs with the readers as my intellectual gifts to YOU. Saturday,March 28, 2009 at 14.32 p.m.
WashPost,March 28,09:Americans are for basics now
Chinese are also concerned about "Yi Shi Zhu Xing" in Pin Yin system of romanization i.e. clothing,food,lodging and transportation as well. NO FRILLS so to speak. A simple life is to be commended. The luster of high rollers is gone for most folks in USA and in China as well. A penny saved is a penny earned and a penny is worth more than a penny due to the high cost of copper. That may be regarded as "built-in interest" Hehehahahoho all the way and we shall strive to live to be centenarians.
That is the common ground for Sino-American economics during the times of financial crisis. As a matter of fact,the effects are being felt globally. China slowdown stunts entrepreneurs from happenings in Shanghai businesses as published in the Wall Stree Journal,March 27, 2009.
Those who have jobs and incomes are hoarding their money, fearful about the future especially the cost of education of their children. The following newly published book may be relevant to the situation now: -
An Australian economist Joshua Gans published "Parentonomics" MIT Press 231 pages $22.95
Do children respond to incentives? Sometimes. Incentives may be applied to all folks.
In my humble view,there may be the missing link of Economics and Languages since language is a means of expressions for communications.The reason: folks do use languages(either English or Chinese et al) to express their feelings especially during the financial crisis to vent their displeasure.
Perhaps "Lingonomics" may be in vogue in the real world nowadays. I have passion for languages as a lifelong learner but I am also interested in the myth of economics since early 1940s as a bi-lingual student of economics with exposures of both English and Chinese at St. John's University in Shanghai,China in 1943-1946. I earned my B.A. degree with more than 132 credits. Such linguistic synthesis i.e. "Zonghe" is warranted in my mind with fond memories.
Francis Shieh a.k.a. Xie Shihao on Saturday,March 28, 2009 at 11.02 a.m. Andrews Air Force Base Library to blog from my random thoughts and to extend invitatin to the readers for kind inputs for my musings.(profound thoughts i.e. "Sichao" in Chinese Pin Yin.
That is the common ground for Sino-American economics during the times of financial crisis. As a matter of fact,the effects are being felt globally. China slowdown stunts entrepreneurs from happenings in Shanghai businesses as published in the Wall Stree Journal,March 27, 2009.
Those who have jobs and incomes are hoarding their money, fearful about the future especially the cost of education of their children. The following newly published book may be relevant to the situation now: -
An Australian economist Joshua Gans published "Parentonomics" MIT Press 231 pages $22.95
Do children respond to incentives? Sometimes. Incentives may be applied to all folks.
In my humble view,there may be the missing link of Economics and Languages since language is a means of expressions for communications.The reason: folks do use languages(either English or Chinese et al) to express their feelings especially during the financial crisis to vent their displeasure.
Perhaps "Lingonomics" may be in vogue in the real world nowadays. I have passion for languages as a lifelong learner but I am also interested in the myth of economics since early 1940s as a bi-lingual student of economics with exposures of both English and Chinese at St. John's University in Shanghai,China in 1943-1946. I earned my B.A. degree with more than 132 credits. Such linguistic synthesis i.e. "Zonghe" is warranted in my mind with fond memories.
Francis Shieh a.k.a. Xie Shihao on Saturday,March 28, 2009 at 11.02 a.m. Andrews Air Force Base Library to blog from my random thoughts and to extend invitatin to the readers for kind inputs for my musings.(profound thoughts i.e. "Sichao" in Chinese Pin Yin.
Friday, March 27, 2009
Economy Shrinks as Job losses continue to mount
"Downturn severe despite some stabilizing" as headlines published in the Washington Post,March 27, 2009 on page D1 and D2
"The shelves are bare, so as soon as demand returns, you could see some real improvement," said Behravesh,chief economist of IHS Global Insight. "Businesses are really at the limit of how low thier inventories can go."
Another 652,000 Americans filed for unemployment insurance benefits for the first time last week, the Labor Department said.
As an economist with the US Department of Labor,I advocate training of the workers so that they can have a marketable skill to supply the new demand of American society in the 21st century to have economic recovery in the months to come. Such vision has been elaborated in "Keys for Economic Understanding" and such work is dedicated to USA and China as well.
Kurt Karl, chief US economist at Swiss Re said "We'll continue to see bad numbers from the labor market for some time until 2010."
WTO Director-General Pascal Lamy says increasing protectionism could undercut efforts to restore sustained growth globally."
Gary Hufbauer,senior fellow with the Peterson Institute for International Economics said:"A forceful statement against protectionism by the G20 next week is important, even if the couintries don't always abide by it.
I sent my blogs in the past with the same rationale months ago i.e. Law of Comparative Advantage should be understood and protectionism begets retaliation. Cf.www.Blogger.com for files on record.
Francis Shieh a.k.a. Xie Shihao on Friday,March 27, 2009 at 10.32
a.m.
"The shelves are bare, so as soon as demand returns, you could see some real improvement," said Behravesh,chief economist of IHS Global Insight. "Businesses are really at the limit of how low thier inventories can go."
Another 652,000 Americans filed for unemployment insurance benefits for the first time last week, the Labor Department said.
As an economist with the US Department of Labor,I advocate training of the workers so that they can have a marketable skill to supply the new demand of American society in the 21st century to have economic recovery in the months to come. Such vision has been elaborated in "Keys for Economic Understanding" and such work is dedicated to USA and China as well.
Kurt Karl, chief US economist at Swiss Re said "We'll continue to see bad numbers from the labor market for some time until 2010."
WTO Director-General Pascal Lamy says increasing protectionism could undercut efforts to restore sustained growth globally."
Gary Hufbauer,senior fellow with the Peterson Institute for International Economics said:"A forceful statement against protectionism by the G20 next week is important, even if the couintries don't always abide by it.
I sent my blogs in the past with the same rationale months ago i.e. Law of Comparative Advantage should be understood and protectionism begets retaliation. Cf.www.Blogger.com for files on record.
Francis Shieh a.k.a. Xie Shihao on Friday,March 27, 2009 at 10.32
a.m.
Thursday, March 26, 2009
Alice Rivlin and Martin Feldstein:WashPost,3.25&3/26
Washington Post,March 26, 2009 on page A21: Alice Rivlin wrote:
The president's budget reflects the candidate's diagnosis of America's economic ills and offers good remedies. It proposes investments in education,if spent effectively,enhance the productivity of American workers."
Economist Rivlin is a senior fellow at the Brookings Institution, was the founding director of the CBO and was director of the White House OMB from 1994 to 1996.
WashPost,March 25, 2009 on page A15:- Martin Feldstein wrote:
Obama budget should be changed to stimulate the near-term recovery of demand and to strengthen long-term incentives for productivity and growth.
Economist Feldstein is an economics professor at Harvard and is president emeritus of the National Bureau of Economic Research.
Both economists cited the need to enhance productivity for growth. "Keys for Economic Understanding" (www.Amazon.com online book catalog) is dedicated to the training of workers to have a marketable skill to supply the demand of American society.
Francis Shieh a.k.a. Xie Shihao on Thursday, March 26, 2009 at 1.12 p.m.
The president's budget reflects the candidate's diagnosis of America's economic ills and offers good remedies. It proposes investments in education,if spent effectively,enhance the productivity of American workers."
Economist Rivlin is a senior fellow at the Brookings Institution, was the founding director of the CBO and was director of the White House OMB from 1994 to 1996.
WashPost,March 25, 2009 on page A15:- Martin Feldstein wrote:
Obama budget should be changed to stimulate the near-term recovery of demand and to strengthen long-term incentives for productivity and growth.
Economist Feldstein is an economics professor at Harvard and is president emeritus of the National Bureau of Economic Research.
Both economists cited the need to enhance productivity for growth. "Keys for Economic Understanding" (www.Amazon.com online book catalog) is dedicated to the training of workers to have a marketable skill to supply the demand of American society.
Francis Shieh a.k.a. Xie Shihao on Thursday, March 26, 2009 at 1.12 p.m.
US-China have agreements:Geithner and Zhou
Washington Post,March 26, 2009 on page D1 and D6: Geithner called Zhou a very thoughtful and distinguished central banker. We are actually quite open to Zhou's suggestions. Geithner said.
The sentiment was echoed by FED president Janet Yellen of San Francisco: "China's concern about the dollar is understandable." It is the concern of Americans and Chinese. Here is the Sino-American Economics in the 21st century.
Francis Shieh a.k.a. Xie Shihao, an American citizen since 1954 and a graduate student from China in 1947 studying the compound-complex subject of economics.
March 26, 2009.
The sentiment was echoed by FED president Janet Yellen of San Francisco: "China's concern about the dollar is understandable." It is the concern of Americans and Chinese. Here is the Sino-American Economics in the 21st century.
Francis Shieh a.k.a. Xie Shihao, an American citizen since 1954 and a graduate student from China in 1947 studying the compound-complex subject of economics.
March 26, 2009.
Tuesday, March 24, 2009
East meets West in Human Capital of Health&Economics
Anne Christoffel wrote to the Washington Post, March 24, 2009,published on page F2:
Why is it acceptable for groups such as the American Medical Association to act as if the more than 1,000 year old clinical practice of acupuncture in China and other parts of East Asia does not exist(Millions Embrace Acupuncture, Despite Thin Evidence")? It was in use when state-of-the- art in Europe was bloodletting and surgery by barbers. To question its effectiveness merely because its principles do not fit our medical paradigms is analogous to saying that before the principles of electromagnetism were understood, electricity was hokum.
I am sure that the readers can easily detact such stereotyped humor or nonsense.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai(East) to meet USA(West) since September 1947. However, I am still learning such comparisons with varied opinions if or when endorsed by open-minded folks for sake of humanity.
On page A1: Stocks soar 7% in response to plan aiming to shore up lenders' books with euphoria to the Obama administration. I have reason to believe that most Americans are delighted about such good news.
However,Nobel Prize-winning economist Paul Krugman is now filled with a sense of despair. He wrote the plan was certain to fail and that this failure would inevitably drag the entire world into a long and painful depresssion. Published by the Washington Post,March 24th pmn page D1, cited by Steven Pearlstein with the following to be continued on page D2:
"Krugman despairs that Geithner,Summers and Bernanke are really nothing more than warmed-over Hank Paulson, so blindedly by the free-market ideology that they refuse to consider the only viable option, which is to nationalize all the big banks."
Krugman's assumption is that the current depressed market prices for loans is the correct price,from which he jumps to the conclusion that all big banks are insolvent and need to be natinalized. But these markets are broken not because many loans are bad, but because of a lack of investment financing. It is the interaction of the two problems in economspeak, solvency and liquidity - that has caused the market to break down and prices to collapse. As for the nationalization mantra, it is hard to see what that would accomplish." To me,the mix of public sector and the private sector would be the way for economic growth in the long run.
Let the empirical evidence be the final judge during the days to come.
Page E1: Michelle Kwan has been busy studying international relations at the University of Denver after her departure from figure skating competition. She is a famous American champion of Chinese ancestry. Americans are proud of her as an American citizen and Chinese folks are equally delighted for her contribution as a person of Chinese ethnicity.
We are witnessing much more Sino-American Economics in every field of endeavor re globalization: One World,One Economy of stability and One Human Race for wellbeing on earth. Have faith,hope and LOVE!
March 24, 2009 at 10.46 a.m.
Why is it acceptable for groups such as the American Medical Association to act as if the more than 1,000 year old clinical practice of acupuncture in China and other parts of East Asia does not exist(Millions Embrace Acupuncture, Despite Thin Evidence")? It was in use when state-of-the- art in Europe was bloodletting and surgery by barbers. To question its effectiveness merely because its principles do not fit our medical paradigms is analogous to saying that before the principles of electromagnetism were understood, electricity was hokum.
I am sure that the readers can easily detact such stereotyped humor or nonsense.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai(East) to meet USA(West) since September 1947. However, I am still learning such comparisons with varied opinions if or when endorsed by open-minded folks for sake of humanity.
On page A1: Stocks soar 7% in response to plan aiming to shore up lenders' books with euphoria to the Obama administration. I have reason to believe that most Americans are delighted about such good news.
However,Nobel Prize-winning economist Paul Krugman is now filled with a sense of despair. He wrote the plan was certain to fail and that this failure would inevitably drag the entire world into a long and painful depresssion. Published by the Washington Post,March 24th pmn page D1, cited by Steven Pearlstein with the following to be continued on page D2:
"Krugman despairs that Geithner,Summers and Bernanke are really nothing more than warmed-over Hank Paulson, so blindedly by the free-market ideology that they refuse to consider the only viable option, which is to nationalize all the big banks."
Krugman's assumption is that the current depressed market prices for loans is the correct price,from which he jumps to the conclusion that all big banks are insolvent and need to be natinalized. But these markets are broken not because many loans are bad, but because of a lack of investment financing. It is the interaction of the two problems in economspeak, solvency and liquidity - that has caused the market to break down and prices to collapse. As for the nationalization mantra, it is hard to see what that would accomplish." To me,the mix of public sector and the private sector would be the way for economic growth in the long run.
Let the empirical evidence be the final judge during the days to come.
Page E1: Michelle Kwan has been busy studying international relations at the University of Denver after her departure from figure skating competition. She is a famous American champion of Chinese ancestry. Americans are proud of her as an American citizen and Chinese folks are equally delighted for her contribution as a person of Chinese ethnicity.
We are witnessing much more Sino-American Economics in every field of endeavor re globalization: One World,One Economy of stability and One Human Race for wellbeing on earth. Have faith,hope and LOVE!
March 24, 2009 at 10.46 a.m.
Monday, March 23, 2009
Wall Street Journal,March 23, 2009
Page A1: US Treasury Secretary said:" Our judgment is that the best way to get through this is if we can work with the markets. We don't want the government to assume all the risk. We want the private sector to work with us." Such rationale is the same as I sent my past blogs: the mix of both public sector and the private sector as the sequel for economic development.
Ban on Feet-nibbling fish leaves nail beauty salons on the hook in Alexandria, Virginia: There is more than one way to skin a foot.(sic)
Page A2: China and other Asian nations, which over a decade of export-led growth socked away trillions of dollars in foreign currency reserves: Imbalance in savings clouds forecast for recovery.
Query: Can se modify lifestyles of consumers in USA and UK? That is the issue of customs and tradition. Study Ben Franklin and compare with the thoughts of Confucius/Mencius,some light may be shed out of the tunnel of darkness. It is the philosophy of life. The Smart folks would learn!
Page A10: Prime Minister Rudd said: Australia cannot avoid a recession given the global economic downturn. He speaks fluent Mandarin with his vision: economics and language can go hand in hand for better understanding.
Page B3: Chinese authorities declare Johnson & Johnson baby products are safe to use. A Coalition of American non-profit organization is urging Johnson & Johnson to reformulate its products to exclude the chemicals anyway.
Francis Shieh a.k.a. Xie Shihao who keeps up with on-going happenings for Sino-American economics. March 23,2009 at 3.33 p.m.
Ban on Feet-nibbling fish leaves nail beauty salons on the hook in Alexandria, Virginia: There is more than one way to skin a foot.(sic)
Page A2: China and other Asian nations, which over a decade of export-led growth socked away trillions of dollars in foreign currency reserves: Imbalance in savings clouds forecast for recovery.
Query: Can se modify lifestyles of consumers in USA and UK? That is the issue of customs and tradition. Study Ben Franklin and compare with the thoughts of Confucius/Mencius,some light may be shed out of the tunnel of darkness. It is the philosophy of life. The Smart folks would learn!
Page A10: Prime Minister Rudd said: Australia cannot avoid a recession given the global economic downturn. He speaks fluent Mandarin with his vision: economics and language can go hand in hand for better understanding.
Page B3: Chinese authorities declare Johnson & Johnson baby products are safe to use. A Coalition of American non-profit organization is urging Johnson & Johnson to reformulate its products to exclude the chemicals anyway.
Francis Shieh a.k.a. Xie Shihao who keeps up with on-going happenings for Sino-American economics. March 23,2009 at 3.33 p.m.
"American Capitalism Besieged "by Robert Samuelson
Washington Post,March 23, 2009 on page A15: "Can capitalism survive? No. I do not think it can " in Italics for emphasis- Joseph Schumpeter, 1942. Samuelson wrote:
"Capitalism is under siege, its future unclear. Schumpeter, one of the 20th century's eminent economists, believed that capitalism sowed the seeds of its own destruction. Its chief virtue was long-term-the capacity to increase wealth and living standards. But short-term politics would fixate on its flaws - instability,unemployment, inequality. Capitalist prosperity also created an oppositional class of intellectuals who would nurture popular discontents and disparage values (self-enrichment, risk-taking) necessary for economic success."
Query: Is Economics a moral science? What is morality? What is the purpose of our lives? Seeking Money,Status? I maintain that the ultimate economic success is the contribution to be made for human happiness. Howver, Samuelson wrote: -
"Almost everything about Schumpeter's diagnosis rings true, with the glaring exception of his conclusion. American capitalism has flourished despite being subjected to repeated restrictins by some disgruntled folks.
We have subordinated unrestrained profit-seeking to other values. We have gradually taken into account the external effects and broght them under control,says economist Robert Frank of Cornell University. External costs include: worker injuries from industrial accidents, monopoly power; financial manipulation;pollution."
Pollution is negative externality in my prior blogs. "Keys for Economic Understanding"(1971)Published in USA and in UK as well. Cf. www.Amazon.com online book catalog. The book is designed to encourage people to have training for marketable skills to supply the demand of a society regardless of so-called economic systems as the brandnames. In my humble view,the significant ingredients would be the people with skills in any nation. Teaching and learning would be skills per se. Robert Samuelson wrote: -
"The present populist backlash may not end well. The parade of big companies to Washington for rescues, as well as the high profile examples of unvarnished greed, has spawned understandable anger that could veer into destructive retribution.
Government inevitably expands in times of economic breakdown. But there is a thin line between saving capitalism from itself and vindicating Schumpeter's long-ago prediction."
Schumpeter is cited in Richard T. Gill(Harvard) textbooks as I sent my blogs in the past to that effect.
I maintain that there are two sectors namely the public sector and the private sector. When public sector in in complete control,there would be less incentive and innovation and reforms are warranted for the wellbeing of the people. But when the private sector goes overboard or runs amack,greed comes into the minds as human frailty. I would recommend the works by Adam Smith,Ben Franklin to be compared with Confucius and Mencius to understand the global economy regardless of the so-economic systems.Such random thought are only my personal views and would be subject to reader's judgment.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics and to watch the developments in the 21st century apropos of global economic crisis at present, to be resolved by all nations in the days to come especially the outcome of G-20 on April 2, 2009.
March 23, 2009 at 12 noon.
"Capitalism is under siege, its future unclear. Schumpeter, one of the 20th century's eminent economists, believed that capitalism sowed the seeds of its own destruction. Its chief virtue was long-term-the capacity to increase wealth and living standards. But short-term politics would fixate on its flaws - instability,unemployment, inequality. Capitalist prosperity also created an oppositional class of intellectuals who would nurture popular discontents and disparage values (self-enrichment, risk-taking) necessary for economic success."
Query: Is Economics a moral science? What is morality? What is the purpose of our lives? Seeking Money,Status? I maintain that the ultimate economic success is the contribution to be made for human happiness. Howver, Samuelson wrote: -
"Almost everything about Schumpeter's diagnosis rings true, with the glaring exception of his conclusion. American capitalism has flourished despite being subjected to repeated restrictins by some disgruntled folks.
We have subordinated unrestrained profit-seeking to other values. We have gradually taken into account the external effects and broght them under control,says economist Robert Frank of Cornell University. External costs include: worker injuries from industrial accidents, monopoly power; financial manipulation;pollution."
Pollution is negative externality in my prior blogs. "Keys for Economic Understanding"(1971)Published in USA and in UK as well. Cf. www.Amazon.com online book catalog. The book is designed to encourage people to have training for marketable skills to supply the demand of a society regardless of so-called economic systems as the brandnames. In my humble view,the significant ingredients would be the people with skills in any nation. Teaching and learning would be skills per se. Robert Samuelson wrote: -
"The present populist backlash may not end well. The parade of big companies to Washington for rescues, as well as the high profile examples of unvarnished greed, has spawned understandable anger that could veer into destructive retribution.
Government inevitably expands in times of economic breakdown. But there is a thin line between saving capitalism from itself and vindicating Schumpeter's long-ago prediction."
Schumpeter is cited in Richard T. Gill(Harvard) textbooks as I sent my blogs in the past to that effect.
I maintain that there are two sectors namely the public sector and the private sector. When public sector in in complete control,there would be less incentive and innovation and reforms are warranted for the wellbeing of the people. But when the private sector goes overboard or runs amack,greed comes into the minds as human frailty. I would recommend the works by Adam Smith,Ben Franklin to be compared with Confucius and Mencius to understand the global economy regardless of the so-economic systems.Such random thought are only my personal views and would be subject to reader's judgment.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics and to watch the developments in the 21st century apropos of global economic crisis at present, to be resolved by all nations in the days to come especially the outcome of G-20 on April 2, 2009.
March 23, 2009 at 12 noon.
Sunday, March 22, 2009
Memo to Economic Cooperation between Montgomery County,Maryland and Suzhou,Jiangsu Province
Washington Chinese News,March 21, 2009 on page A3:
County Executive Isiah Leggett has signed a memo of agreement between Montgomery County,State of Maryland and Suzhou,Jiangsu Province.
I taught at Montgomery College from 1985 to 1991 and was a Fulbright Senior Scholar in Hong Kong, 1989-1990.
It is gratifying to learn such agreement as another evidence of Sino-American or US-China economic cooperation.
Francis Shieh a.k.a.Xie Shihao on March 22, 2009 at 2.46 p.m.
County Executive Isiah Leggett has signed a memo of agreement between Montgomery County,State of Maryland and Suzhou,Jiangsu Province.
I taught at Montgomery College from 1985 to 1991 and was a Fulbright Senior Scholar in Hong Kong, 1989-1990.
It is gratifying to learn such agreement as another evidence of Sino-American or US-China economic cooperation.
Francis Shieh a.k.a.Xie Shihao on March 22, 2009 at 2.46 p.m.
Economist Magazine,March 14-20,2009 issue
On page 14: Chinese search engine www.baidu.com is a Chinese Google; Dangdang is a Chinese Amazon.com; Taobao is a Chinese e-bay, China car is a Chinese American auto association.
About 60 Chinese companies are now traded on Nasdaq.
On page 77,UBS estimates that new infrastructure investment,tax cuts,consumer subsidies would be about 3% of GDP or more.
The above are the titbits of Sino-American economics. March 22, 2009 at 1.46 p.m.
About 60 Chinese companies are now traded on Nasdaq.
On page 77,UBS estimates that new infrastructure investment,tax cuts,consumer subsidies would be about 3% of GDP or more.
The above are the titbits of Sino-American economics. March 22, 2009 at 1.46 p.m.
Saturday, March 21, 2009
March 20,09:Spring but thermometer oblivious to such arrival
The normal temperature should be 57 but it was 44 degrees.
Washington Post,March 21, 2009 on page A12:
Technology impairs learning as published in the Letter to the Editor section:
Jennifer Leeds wrote: "Regarding Dunning's March 8 letter,"Dumbing Down America's Youths," stating that technology is debilitating America's youth: As an educator,I agree that overuse of technology promotes laziness and ignorance. When children don't learn how to write, they not only use technology for shorthand,now known as text messaging, but they also rely on it to correct grammar, punctuation and capitalization, only to find that the computer is just that, a computer, and is fallible. Knowing grammar and syntax is empowering and necessary.
By learning how to write using a pen or pencil, children expand the brain's capacity for fine motor skills and memory. So by taking away handwriting exercies, educators are impairing the learning process.
As an educator for adults since 1945,I feel that such insights are relevant to adults aprops of training of human capital re Sino-American economics.
Francis Shieh a.k.a. Xie Shihao on Saturday,March 21,2009 at 9.42 a.m.
Washington Post,March 21, 2009 on page A12:
Technology impairs learning as published in the Letter to the Editor section:
Jennifer Leeds wrote: "Regarding Dunning's March 8 letter,"Dumbing Down America's Youths," stating that technology is debilitating America's youth: As an educator,I agree that overuse of technology promotes laziness and ignorance. When children don't learn how to write, they not only use technology for shorthand,now known as text messaging, but they also rely on it to correct grammar, punctuation and capitalization, only to find that the computer is just that, a computer, and is fallible. Knowing grammar and syntax is empowering and necessary.
By learning how to write using a pen or pencil, children expand the brain's capacity for fine motor skills and memory. So by taking away handwriting exercies, educators are impairing the learning process.
As an educator for adults since 1945,I feel that such insights are relevant to adults aprops of training of human capital re Sino-American economics.
Francis Shieh a.k.a. Xie Shihao on Saturday,March 21,2009 at 9.42 a.m.
Friday, March 20, 2009
First day of spring,March 20, 2009:WSJ news + Steven Chu
Wall Street Journal,March 20th, page A2: FED's moves to spur demand,seeking to counter slack in economy -deflation.(sic) or inflation to come?
Page A3: Travel spending sinks sharply: The trillion $ industry ,a major employer in the US is reeling, and struggling to lure people back with deep discounts and special packages in Las Vegas and Disneyland.
Page A13: Greed is NOT good. Write to Kimberly A. Strassel for your comments : kim@wsj.com
"Obama is no Socialist" by Alan S. Blinder,Prof.of Economics and public affairs at Princeton University and a former Vice Chair of the FED Reserve Board.
"Some unwarranted criticisms and claims parody themselves because Obama's proposals means a fully privatge banking system,propped up with temporary government support, a uniquely American health care system that covers virtually everyone; and a somewhat more progressive income tgax. Let's make the most of it." Professor declares.
Professor Blinder's rationale is similar to my prior blogs to support President Obama.
Page B4: Beijing - Chery auto company and Fiat SpA have postponed their plan to begin producing cars in 2009 for the Chinese market because of the global economic downturn. That is obvious to folks for sure.
US News and World Report,April 2009: Steven Chu is the most high-profile energy secretary US has seen as a Nobel winner in Physics in 1997. He is an outstanding American scientist of Chinese ancestry.
Here is the Sino-American economics of human capital and other happenings.
Francis Shieh a.k.a. Xie Shihao, a student of Sino-American economics from empirical evidence on daily basis.
March 20, 2009 at 3.15 p.m.
Page A3: Travel spending sinks sharply: The trillion $ industry ,a major employer in the US is reeling, and struggling to lure people back with deep discounts and special packages in Las Vegas and Disneyland.
Page A13: Greed is NOT good. Write to Kimberly A. Strassel for your comments : kim@wsj.com
"Obama is no Socialist" by Alan S. Blinder,Prof.of Economics and public affairs at Princeton University and a former Vice Chair of the FED Reserve Board.
"Some unwarranted criticisms and claims parody themselves because Obama's proposals means a fully privatge banking system,propped up with temporary government support, a uniquely American health care system that covers virtually everyone; and a somewhat more progressive income tgax. Let's make the most of it." Professor declares.
Professor Blinder's rationale is similar to my prior blogs to support President Obama.
Page B4: Beijing - Chery auto company and Fiat SpA have postponed their plan to begin producing cars in 2009 for the Chinese market because of the global economic downturn. That is obvious to folks for sure.
US News and World Report,April 2009: Steven Chu is the most high-profile energy secretary US has seen as a Nobel winner in Physics in 1997. He is an outstanding American scientist of Chinese ancestry.
Here is the Sino-American economics of human capital and other happenings.
Francis Shieh a.k.a. Xie Shihao, a student of Sino-American economics from empirical evidence on daily basis.
March 20, 2009 at 3.15 p.m.
Jesse Chancellor wrote to the Editor,WashPost
Washington Post, March 20, 2009 on page A18:
Letter writer Laura Pickford listed a number of reasons why the wealthy should not be required to pay more in taxes. The key reason why they should do so,however,can be found on Page 1 of the same edition of the newspaper ("China Worried Abot US Debt")
The Chinese now have far greater leverage over us economically and militarily because they have largely financed our federal budget deficits of the past decade. Those deficits, which replaced large projected surpluses, were caused in part by unsustainable tax cuts for the wealthy championed by the previous administration.
Now we face a clear national emergency and the government needs to act to restore our economic system, but its options are limited. Unless those Americans who benefited the most from the last 30 years of changes in the world economy are willing to pay more to help put our fiscal house in order, America's options as a political,economic and military power will continue to be circumscribed.
It is up to the readers to concur or demur the above letter to the Editor.
Francis Shieh a.k.a. Xie Shihao,a blogger to share the thoughts of other writers with insights apropos of Sino-American Economics leading to political and military clouts as written.
March 20, 2009 at 10 a.m.
Letter writer Laura Pickford listed a number of reasons why the wealthy should not be required to pay more in taxes. The key reason why they should do so,however,can be found on Page 1 of the same edition of the newspaper ("China Worried Abot US Debt")
The Chinese now have far greater leverage over us economically and militarily because they have largely financed our federal budget deficits of the past decade. Those deficits, which replaced large projected surpluses, were caused in part by unsustainable tax cuts for the wealthy championed by the previous administration.
Now we face a clear national emergency and the government needs to act to restore our economic system, but its options are limited. Unless those Americans who benefited the most from the last 30 years of changes in the world economy are willing to pay more to help put our fiscal house in order, America's options as a political,economic and military power will continue to be circumscribed.
It is up to the readers to concur or demur the above letter to the Editor.
Francis Shieh a.k.a. Xie Shihao,a blogger to share the thoughts of other writers with insights apropos of Sino-American Economics leading to political and military clouts as written.
March 20, 2009 at 10 a.m.
Thursday, March 19, 2009
Longevity Pointers for all good folks in the mundane world
1. Be active with proper exercise by walking to keep brain fitness on daily basis.
2. Challenging brain by blogging to search words in Chinese and in English for intellectual brainstorm. That is a "MUST" for me.
3. Stay sociable for brain health with other kind folks.
4. Keep in shape to rest up with sound sleep seven hours at night.
5. Eating fruits nd veggie every meal such as banana,orange and apply et al.
6. Acupuncture wades into the mainstream as alternative medicine in USA.
7. Making friends to have a network of close pals,young or old alike.
8. Extending lifespan by reading good works in economics, philosophy and other areas for personal enrichment.
9. Get fresh air from places with reduced pollution everyday.
10.Love all humans as fellow being in this mundane world with spirituality.
More points/pointers may be added from your inputs. Have a great day and a nice weekend. Thanks to you for reading my humble views.
Francis Shieh a.k.a.Xie Shihao,an octogenarian living a simple life for good health.
March 19, 2009 at 8.30 p.m.
2. Challenging brain by blogging to search words in Chinese and in English for intellectual brainstorm. That is a "MUST" for me.
3. Stay sociable for brain health with other kind folks.
4. Keep in shape to rest up with sound sleep seven hours at night.
5. Eating fruits nd veggie every meal such as banana,orange and apply et al.
6. Acupuncture wades into the mainstream as alternative medicine in USA.
7. Making friends to have a network of close pals,young or old alike.
8. Extending lifespan by reading good works in economics, philosophy and other areas for personal enrichment.
9. Get fresh air from places with reduced pollution everyday.
10.Love all humans as fellow being in this mundane world with spirituality.
More points/pointers may be added from your inputs. Have a great day and a nice weekend. Thanks to you for reading my humble views.
Francis Shieh a.k.a.Xie Shihao,an octogenarian living a simple life for good health.
March 19, 2009 at 8.30 p.m.
Increased money risk could cause currency to lose value
Washington Post,March 19, 2009 page A8: The troubled Economy in USA to be reflected to other nations as well. Globalization is the name of the game.
Intervention includes the FED to buy up to $300 billion of US Treasury bonds driving down the government cost of borrowing money. The dollar fell against other currencies as monetizing the debt. Such situation may cause deflation as some economists believe. However, the following condition would pop up over time:
When the economy is recovering,the rate of inflation would occur as expansionary gap in the model.
Deflation as caused by contractionary gap leading to slowdown and the policy is to revive such happening. The trend would reverse according to the events as they come. Saving is encouraged in the macro view but "paradox of thrift" should be understood. Spending is designed to save the economy as seen on the cover of Newsweek magazine:Uncle Sam wants you to spend! To spend is to boost GDP as per the popular line in USA and in China.
Evaluation of Obama Economic Team from National Journal from radio broadcast WTOP on March 19, 2009: Average D or C-low grades. Who would rate such team accurately in all fairness?(sic)
Barry Eichengreen of the University of California, in Berkeley said "I never thought I'd say that in my life but this is the first business downturn since the 1930s that looks like the 1930s." Etiology is the first order of studies everywhere nowadays.
That is the nature of economics. But we have faith,hope and charity toward all those who have been involved in the headlines lately.
American of Chinese descent makes the news as well: -
Gary Locke has little trouble at Senate hearing on page A13: He is the only Chinese American to be elected governor in Washington State and he would promote US economic growth, including the Census Bureau and the National Oceanic and Atmospheric Administration which includes the National Marine Fisheries Service.
There is the common ground with China on the other side of the Pacific.
Francis Shieh a.k.a. Xie Shihao, an interested observer of US and China to be necessarily interwined in the name of global economy in the 21st century.
March 19, 2009 at 2.28 p.m.
Intervention includes the FED to buy up to $300 billion of US Treasury bonds driving down the government cost of borrowing money. The dollar fell against other currencies as monetizing the debt. Such situation may cause deflation as some economists believe. However, the following condition would pop up over time:
When the economy is recovering,the rate of inflation would occur as expansionary gap in the model.
Deflation as caused by contractionary gap leading to slowdown and the policy is to revive such happening. The trend would reverse according to the events as they come. Saving is encouraged in the macro view but "paradox of thrift" should be understood. Spending is designed to save the economy as seen on the cover of Newsweek magazine:Uncle Sam wants you to spend! To spend is to boost GDP as per the popular line in USA and in China.
Evaluation of Obama Economic Team from National Journal from radio broadcast WTOP on March 19, 2009: Average D or C-low grades. Who would rate such team accurately in all fairness?(sic)
Barry Eichengreen of the University of California, in Berkeley said "I never thought I'd say that in my life but this is the first business downturn since the 1930s that looks like the 1930s." Etiology is the first order of studies everywhere nowadays.
That is the nature of economics. But we have faith,hope and charity toward all those who have been involved in the headlines lately.
American of Chinese descent makes the news as well: -
Gary Locke has little trouble at Senate hearing on page A13: He is the only Chinese American to be elected governor in Washington State and he would promote US economic growth, including the Census Bureau and the National Oceanic and Atmospheric Administration which includes the National Marine Fisheries Service.
There is the common ground with China on the other side of the Pacific.
Francis Shieh a.k.a. Xie Shihao, an interested observer of US and China to be necessarily interwined in the name of global economy in the 21st century.
March 19, 2009 at 2.28 p.m.
Wednesday, March 18, 2009
USA Today and Washington Times,March 18, 2009
USAToday,March 18, 09 on page 8A: Editorial-
"China's Wake-up Call for US." (It is the lifestyle(i.e.enjoy now and pay later) as I sent my blogs in the past)
Chinese Premier Wen was concerned about the value of the 1 trillion his government has loaned to the US by purchasing its Treasury notes. The US borrows and owes, the Chinese loan and invest. American borrows so much that China is right to be worried. High interest rates would erode the value of Treasuries. It would drive up rates for everything from credit card debt to mortgages, potentially choking off any economic recovery. Food for thought for readers to ponder and reflect such happenings.
Washington Times,March 18, 2009 on pages A1,A9: " Commerce pick tied to China"
Gary Locke is an American leader (as the Governor of the State of Washington) of Chinese ancestry working for law clients doing business in China. Obama administration is confident that Locke can avoid any conflicts of interests. As Governor and an attorney representing US firms, he created opportunities for American businesses overseas, a critical experience for any commerce secretary. Mr. LaBaolt said.
A person's ancestry does not indicate a person's loyalty under the Constitution of the United States,14th Amendment except his/her face value of color. Americans of Japanese ancestry were unfairly treated during th4e WWII in the last century. Such outrageous discrimination should and would not happen in the 21st century for Americans of all colors as human resources of USA. Two American scholars of Chinese ancestry had to leave a Maryland college after 17 and 18 years of teaching as tenured professors. That happened in 1983 and 1984 on record.
We are now living in 2009 under the leadership of President Obama who has the mixed background to be the leader for the colorful folks in the United States as the melting pot of all races with my salutations.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 and an American citizen since 1954.
March 18, 2009 at 3.12 p.m.
"China's Wake-up Call for US." (It is the lifestyle(i.e.enjoy now and pay later) as I sent my blogs in the past)
Chinese Premier Wen was concerned about the value of the 1 trillion his government has loaned to the US by purchasing its Treasury notes. The US borrows and owes, the Chinese loan and invest. American borrows so much that China is right to be worried. High interest rates would erode the value of Treasuries. It would drive up rates for everything from credit card debt to mortgages, potentially choking off any economic recovery. Food for thought for readers to ponder and reflect such happenings.
Washington Times,March 18, 2009 on pages A1,A9: " Commerce pick tied to China"
Gary Locke is an American leader (as the Governor of the State of Washington) of Chinese ancestry working for law clients doing business in China. Obama administration is confident that Locke can avoid any conflicts of interests. As Governor and an attorney representing US firms, he created opportunities for American businesses overseas, a critical experience for any commerce secretary. Mr. LaBaolt said.
A person's ancestry does not indicate a person's loyalty under the Constitution of the United States,14th Amendment except his/her face value of color. Americans of Japanese ancestry were unfairly treated during th4e WWII in the last century. Such outrageous discrimination should and would not happen in the 21st century for Americans of all colors as human resources of USA. Two American scholars of Chinese ancestry had to leave a Maryland college after 17 and 18 years of teaching as tenured professors. That happened in 1983 and 1984 on record.
We are now living in 2009 under the leadership of President Obama who has the mixed background to be the leader for the colorful folks in the United States as the melting pot of all races with my salutations.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 and an American citizen since 1954.
March 18, 2009 at 3.12 p.m.
Typo error: Kissinger and Schlesinger at RAND 1964-65
Please excuse typo error. Should be 1964-65 instead of 1984-l965, an oversight(shi-cha or shu-hu in Pin Yin system of romanization of the phonetic equivalent of Chinese characters) with apology,indeed! Have a great day,everyday in reading www.Sino-American Economics. March 18, 2009 at 11.30 a.m.
"The National Interest" March-April 2009 issue
Henry Kissinger,the Honorary Chairman, James Schlesinger,Chairman,Advisory Council of the magazine: The National Interest.
Both were at the RAND Corporation,Santa Monica, California in 1984-1965. Kissinger was a Consultant and Schlesinger and I were research members in the Department of Economics. Please read below: -
Minxin Pei and Jonathan Anderson: " Debate Beijing's Rise: 15 Minutes Up?"
Pei argues the effects of severe environmental degradation with population problems and a "diseased infrastructure." et al with negative scenario in substance.
Anderson cited the facts and figures about China's market economy with detailed economic analysis.
I would like to recommend such article to the readers to assess Sino-American Economics from two writers.
It is my way to track down a writer's background. Pei came to USA decades ago when China was not doing well in economics and he appears to hold such back in his mind as a political scientist with his vested "political propensity." Anderson is a mature economist working for Swiss UBS with vested interest to promote multi-national economic activities. I am an independent student of Sino-American economics since I came to the USA as a graduate student in 1947. Overall, I am more inclined to endorse the sound reasoning of Jonathan Anderson in a nutshell but I wish to add that Chinese in China and overseas Chinese are supporting China's achievements with positive outlook for Sino-American economics. Needless to say,the future course remains to be seen from empirical evidence in the days to come. Moreover,there are American leaders and scholars who would evaluate China's economic future with reasonable endorsement apropos of globalization.
In short,any affirmative thought would be desirable and negative rationale would not be proper in the global economy. My case rests here for reader's own judgment. Thanks and have a great day to read the current issue of "The National Interest" at Borders bookstore for scholarly enrichment.
March 18, 2009 at 10.58 a.m.
Both were at the RAND Corporation,Santa Monica, California in 1984-1965. Kissinger was a Consultant and Schlesinger and I were research members in the Department of Economics. Please read below: -
Minxin Pei and Jonathan Anderson: " Debate Beijing's Rise: 15 Minutes Up?"
Pei argues the effects of severe environmental degradation with population problems and a "diseased infrastructure." et al with negative scenario in substance.
Anderson cited the facts and figures about China's market economy with detailed economic analysis.
I would like to recommend such article to the readers to assess Sino-American Economics from two writers.
It is my way to track down a writer's background. Pei came to USA decades ago when China was not doing well in economics and he appears to hold such back in his mind as a political scientist with his vested "political propensity." Anderson is a mature economist working for Swiss UBS with vested interest to promote multi-national economic activities. I am an independent student of Sino-American economics since I came to the USA as a graduate student in 1947. Overall, I am more inclined to endorse the sound reasoning of Jonathan Anderson in a nutshell but I wish to add that Chinese in China and overseas Chinese are supporting China's achievements with positive outlook for Sino-American economics. Needless to say,the future course remains to be seen from empirical evidence in the days to come. Moreover,there are American leaders and scholars who would evaluate China's economic future with reasonable endorsement apropos of globalization.
In short,any affirmative thought would be desirable and negative rationale would not be proper in the global economy. My case rests here for reader's own judgment. Thanks and have a great day to read the current issue of "The National Interest" at Borders bookstore for scholarly enrichment.
March 18, 2009 at 10.58 a.m.
U.N. Security Council Resolution:USA and China
The Security Council has approved Resolution 1816 which says the nations would be allowed for a period of six months, to enter the territorial waters of Somalia and use all necessary means to repress acts of piracy and armed robbery at sea in a manner consistent with relevant provisions of international law.
Both US and China are members of the Security Council to pursue peace of the world.
In order to boost international trade and domestic shipping, funding initiatives and incentives would be aimed at stimulating the slumping global economy.
I have reason to believe that improvement projects at ports,inland waterways and other facilities that support maritime trade would be top priority in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a believer of international trade to recover global economic crisis during the course of time in the days to come.
March 18, 2009 at 6.20 a.m.
Both US and China are members of the Security Council to pursue peace of the world.
In order to boost international trade and domestic shipping, funding initiatives and incentives would be aimed at stimulating the slumping global economy.
I have reason to believe that improvement projects at ports,inland waterways and other facilities that support maritime trade would be top priority in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a believer of international trade to recover global economic crisis during the course of time in the days to come.
March 18, 2009 at 6.20 a.m.
Tuesday, March 17, 2009
Wall Street Journal,March 17, 2009 page A1:
Political heat sears AIG: Obama vows to block bonuses, but it may be too late; firm pressured to repay US. That is not feasible as per the statement by Attorney General of New York State radio broadcast on March 17, 2009 around noon.
Page C5: Evercore, Citic Securities put China M&A in sights:-
Shanghai- China brokerage firm Citic said it has formd a partnership with US boutique investment fund Evercore Partner Inc. that will advise on cross-border merger and acquisition transactions between China and the rest of the world.
Page C8: Foreign capital flees te US; outflow hits record $148.9 billion as China reloads i.e. continued to add to its stockpile of US government debt.
Dumping Treasurys would hurt both the US and China. Were China to sell a substantial amount, bond yields would jump, while Treasury prices and the value of the US$ would plunge. No move by China to unload Treasury holdings would be desirable for both USA and China.
Page 6D: Most workers who have a degree from Community College can earn more than a person after high school education. "The Future of Community Colleges" published by the Congressional Record,July 18, 1974 with a vision to be reflected in the 21st century.
Francis Shieh a.k.a. Xie Shihao sharing the above info with readers on March 17, 2009 at 3.05 p.m.
Page C5: Evercore, Citic Securities put China M&A in sights:-
Shanghai- China brokerage firm Citic said it has formd a partnership with US boutique investment fund Evercore Partner Inc. that will advise on cross-border merger and acquisition transactions between China and the rest of the world.
Page C8: Foreign capital flees te US; outflow hits record $148.9 billion as China reloads i.e. continued to add to its stockpile of US government debt.
Dumping Treasurys would hurt both the US and China. Were China to sell a substantial amount, bond yields would jump, while Treasury prices and the value of the US$ would plunge. No move by China to unload Treasury holdings would be desirable for both USA and China.
Page 6D: Most workers who have a degree from Community College can earn more than a person after high school education. "The Future of Community Colleges" published by the Congressional Record,July 18, 1974 with a vision to be reflected in the 21st century.
Francis Shieh a.k.a. Xie Shihao sharing the above info with readers on March 17, 2009 at 3.05 p.m.
Rage at AIG swells as bon uses go out +China News
Headlines from the Washington Post,page A1 and A10 with my reflections for your reading pleasure hopefully. Thank you for your time in reading my random thoughts.
"FED decided payouts couldn't be stopped: Recklessness and greed being bailout with $170 billion in taxpayer funds." How do you feel as a law-abiding taxpayer?
News from Shanghai: "Cash-rich China has become a major force driving new lending and investment.China Gains key assets in spate of purchases: Oil, Minerals are among acquisitions worldwide.
A group of 50 individual investors from China traveled to New York,Los Angeles and San Franciso to purchase homes since the subprime crisis.
Commerce Minister Chen Deming took with him about 90 executives who signed $10 billion in Germany, $400,000 in Switzerland,$320 million in Spain and $3 billion in Britain." Published by the Washington Post,page A10.
Chen Deming was the Mayor of Suzhou when I was teaching at Suzhou University in 1999.My paternal great-grand father was a farmer in Suzhou and my grandfather moved to Shanghai from Suzhou century ago. Mr. Chen speaks Mandarin with a very strong Shanghai accent of Wu dialect as I noticed when I met him in Suzhou with a group of Experts from the West.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai with a slight Shanghai accent in speaking Mandarin. But such is not uncommon at all. I have a passion to notice accents of Americans speaking English with American accent in USA such as Bostonians, Midwesterners and southerners. Folks in China speak Mandarin with varied accents e.g. Hong Kong Chinese speak Mandarin with a strong Cantonese accent. Such is my interest as a lifelong student of Chinese and English languages to enjoy the accents of all folks speaking English and Chinese. Needless to say,Europeans speak English with their accents as well.
Perhaps such is the common ground of Sino-American Economics of Human Capital apropos of international language of Commerce, i.e. English and the classical and modern language with built-in art and music re Mandarin Chinese. My case rests here.
March 17, 2009 at 11 a.m.
.
"FED decided payouts couldn't be stopped: Recklessness and greed being bailout with $170 billion in taxpayer funds." How do you feel as a law-abiding taxpayer?
News from Shanghai: "Cash-rich China has become a major force driving new lending and investment.China Gains key assets in spate of purchases: Oil, Minerals are among acquisitions worldwide.
A group of 50 individual investors from China traveled to New York,Los Angeles and San Franciso to purchase homes since the subprime crisis.
Commerce Minister Chen Deming took with him about 90 executives who signed $10 billion in Germany, $400,000 in Switzerland,$320 million in Spain and $3 billion in Britain." Published by the Washington Post,page A10.
Chen Deming was the Mayor of Suzhou when I was teaching at Suzhou University in 1999.My paternal great-grand father was a farmer in Suzhou and my grandfather moved to Shanghai from Suzhou century ago. Mr. Chen speaks Mandarin with a very strong Shanghai accent of Wu dialect as I noticed when I met him in Suzhou with a group of Experts from the West.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai with a slight Shanghai accent in speaking Mandarin. But such is not uncommon at all. I have a passion to notice accents of Americans speaking English with American accent in USA such as Bostonians, Midwesterners and southerners. Folks in China speak Mandarin with varied accents e.g. Hong Kong Chinese speak Mandarin with a strong Cantonese accent. Such is my interest as a lifelong student of Chinese and English languages to enjoy the accents of all folks speaking English and Chinese. Needless to say,Europeans speak English with their accents as well.
Perhaps such is the common ground of Sino-American Economics of Human Capital apropos of international language of Commerce, i.e. English and the classical and modern language with built-in art and music re Mandarin Chinese. My case rests here.
March 17, 2009 at 11 a.m.
.
Monday, March 16, 2009
Happy St.Patrick's Day, March 17th: Shamrock-Holy Trinity
National Holiday in Ireland but not in the USA. However, Americans celebrate anyway. We pretend we are Irish for a day. My name is Shea or Shay with or without O due to the sound of my Chinese last name Shieh or Xie in official Pin Yin system of romanization. However,my last name would be Xie in Wu or Shanghai dialect.
Leorechauns are regarded to be stingy or greedy causing global financial crisis.(sic)
Leprechauns love music and can remember tunes but not the tones in Mandarin Chinese unless he/she is a Chinese-Irish or Irish-Chinese? Who knows such being?
Ireland's flag is known with tricolor as the symbols of the green for Catholic color and orange for Protestant shade but the middle is white for peace.
"Erin go bragh!" i.e. Ireland forever!" "Forever" would mean "ad infinitum per omnia secular seculum." Amen!
The Blarney Stone: Kiss the stone to be smart. Student would listen to a dynamic teacher since 1945 to date...
I still remember a student from Ireland came to the University of San Francisco and we lived in the barracks in 1947-48. He is " Mac" as a common Irish name.
Francis Shieh a.k.a. Xie Shihao on March 16, 2009 in Maryland but it is March 17th in Shanghai with thoughts of my native city since 1926.
The above random write-up is dedicated to all real or fake Irish to have Irish humor as I learned from my Irish friends at Georgetown University,1948-1950.
Leorechauns are regarded to be stingy or greedy causing global financial crisis.(sic)
Leprechauns love music and can remember tunes but not the tones in Mandarin Chinese unless he/she is a Chinese-Irish or Irish-Chinese? Who knows such being?
Ireland's flag is known with tricolor as the symbols of the green for Catholic color and orange for Protestant shade but the middle is white for peace.
"Erin go bragh!" i.e. Ireland forever!" "Forever" would mean "ad infinitum per omnia secular seculum." Amen!
The Blarney Stone: Kiss the stone to be smart. Student would listen to a dynamic teacher since 1945 to date...
I still remember a student from Ireland came to the University of San Francisco and we lived in the barracks in 1947-48. He is " Mac" as a common Irish name.
Francis Shieh a.k.a. Xie Shihao on March 16, 2009 in Maryland but it is March 17th in Shanghai with thoughts of my native city since 1926.
The above random write-up is dedicated to all real or fake Irish to have Irish humor as I learned from my Irish friends at Georgetown University,1948-1950.
Labor's European Model:Wall Street Journal,3/16/09
Page A18: Economist Mancur Olson's explanation: How democracies are vulnerable to proliferating parochial interests that use government to claim an ever larger share of private wealth. Economic success does not depend on natural resources and locations as much as on the degree of stupidity of the policies and institutions.
The 2009 debate over labor in USA remains to be seen apropos of the social market economy. I would call such "the expansion of the public sector in case of present financial crisis under the private sector as the main engine of the US economy."
Page B3: Chinese group could deliver 18% stake in the Australian mines. Such is a reference for US mining sector.
Page 8B: Entrepreneur opens doors within China. Alibaba.com founder MA uses web to connect, transform businesses. China is the land for businesses as the right direction in the 21st century.
Yale University Economic Review March-April 2009 issue on page 21: Obama praised economist Lawerence Summers as a thought leader who has urged us to confront the problems of income inequality and the middle class squeeze. Such is the reality today. Obama would not appoint a more competent group with trust and competence.
I would support President Obama for his insights to change America.
Francis Shieh a.k.a. Xie Shihao on March 16, 2009 at 3.36 p.m.
The 2009 debate over labor in USA remains to be seen apropos of the social market economy. I would call such "the expansion of the public sector in case of present financial crisis under the private sector as the main engine of the US economy."
Page B3: Chinese group could deliver 18% stake in the Australian mines. Such is a reference for US mining sector.
Page 8B: Entrepreneur opens doors within China. Alibaba.com founder MA uses web to connect, transform businesses. China is the land for businesses as the right direction in the 21st century.
Yale University Economic Review March-April 2009 issue on page 21: Obama praised economist Lawerence Summers as a thought leader who has urged us to confront the problems of income inequality and the middle class squeeze. Such is the reality today. Obama would not appoint a more competent group with trust and competence.
I would support President Obama for his insights to change America.
Francis Shieh a.k.a. Xie Shihao on March 16, 2009 at 3.36 p.m.
Preserving languages as published in Science section
Linguistic science is science since science means knowledge from observation,indeed.
Washington Post,March 16, 2009 on page A7 published A Dinosaur tragedy: A team of US and Chinese paleontologists completed excavating the site in the Gobi Desert of Mongolia. A paper may be searched in Acta Palaeontologica Polonica.
Michael Blake,a professor of philosophy and public policy, said languages have always changed. Chinese language reforms include the simplified form but the traditional form is needed for broader coverage to those who are familiar with the traditional form only. There are debates by educators in China recently. "Work and Study Cycle Theory" includes Chinese language reforms, listed at the Library of Congress www.loc.gov for reference.
It would be desirable to be familiar with both the simplified and the traditional form plus the Pin Yin for learning the Chinese language. Such method is being adopted at the Foreign Service Institute of the Department of State with my past experience.
For elaboration,"A Glimpse of the Chinese Language" in English is dedicated for such purpose. It is available at www.rand.org free of charge via PDF as public service.
The philosophy of language would involve etiology and such intellectual pursuit would be interesting and exciting for scholars who might be interested in the classical(as classical as Greek) and modern(as modern as French) language of Chinese with music from the 4 tones in Mandarin and art in calligraphy. Chinese language is a form of art and music for certainty.
Chinese is one of the six official languages in the United Nations and is spoken by most folks in the world since China is the most populous nation in the world.
Francis Shieh a.k.a. Xie Shihao with passion for cultural exchanges of languages as a true means of communication for all folks on earth.
March 16, 2009 at 10.28 a.m.
Washington Post,March 16, 2009 on page A7 published A Dinosaur tragedy: A team of US and Chinese paleontologists completed excavating the site in the Gobi Desert of Mongolia. A paper may be searched in Acta Palaeontologica Polonica.
Michael Blake,a professor of philosophy and public policy, said languages have always changed. Chinese language reforms include the simplified form but the traditional form is needed for broader coverage to those who are familiar with the traditional form only. There are debates by educators in China recently. "Work and Study Cycle Theory" includes Chinese language reforms, listed at the Library of Congress www.loc.gov for reference.
It would be desirable to be familiar with both the simplified and the traditional form plus the Pin Yin for learning the Chinese language. Such method is being adopted at the Foreign Service Institute of the Department of State with my past experience.
For elaboration,"A Glimpse of the Chinese Language" in English is dedicated for such purpose. It is available at www.rand.org free of charge via PDF as public service.
The philosophy of language would involve etiology and such intellectual pursuit would be interesting and exciting for scholars who might be interested in the classical(as classical as Greek) and modern(as modern as French) language of Chinese with music from the 4 tones in Mandarin and art in calligraphy. Chinese language is a form of art and music for certainty.
Chinese is one of the six official languages in the United Nations and is spoken by most folks in the world since China is the most populous nation in the world.
Francis Shieh a.k.a. Xie Shihao with passion for cultural exchanges of languages as a true means of communication for all folks on earth.
March 16, 2009 at 10.28 a.m.
Sunday, March 15, 2009
"Obama's No Socialist. I should know" by Billy Wharton
Bill Wharton is the editor of Socialist magazine. Published by Washington Post,Outlook section on Sunday,March 15, 2009, page B1,B4
"During the campaign, the ever-desperate McCain, his hard-charging running mate Sarah Palin and even a plumber named Joe lined up to call Barrack Obama a "socialist." Last month Huckabee even exclaimed that, The Union of Soviet Socialist Republics may be dead, but the Union of American Socialist Republics is being born." What a charge and what tactics to mislead the American public!
"We are all Socialists now," declared a Newsweek cover last month. Obama claimed impeccable free market credentials.
The funny thing is that socialist know that Barrack Obama is not one of us. Not only is he not a socialist, he may in fact not even be a liberal.
The clear indication that Obama is not, in fact, a socialist, is the way his administration is avoiding structural changes to the financial system. Nationalization is simply not in the playbook of Treasury Secreary Timothy Geithner and his team. They favor costly, temporary measures that can easily be dismantled should the economy stabilize." And we expect to have stabilization,sooner or later when we have faith,hope and charity. Moreover,US and China are G-2 as per the article from World Bank Group published by Washington Post,March 6, 2009 for the reference of G-20 to be held in London on April 2, 2009.
Issues of war and peace further weaken the commander in chief's socialist credentials. A socialist foreign policy would call for the immediate removal of all troops.
Huckabee still felt confident in proposing that "Lenin and Stalin would love" Obama's bank bailout plan.
In one of my previous blogs I used the Pin Yin "Xuexi xuexi zai xue xi" cited by Lenin as someone told me. But Confucius said:"Review the past lessons to discover the new." "Wen gu er zhi xin" The connotation would be in the same boat to the best of my knowledge. However,Confucian thoughts are not the same as Lenin or Stalin. Confucius is known as an educator and a moral philosopher,not a revolutionary per se.
Well,people quote and cite famous names without knowing their true rationale. It is easy for folks to use buzzwords to scare the general public for political reason or for their vested interests.
Economics is to be studied to serve the folks in any society. The expansion of the public sector at the present time (under the special circumtances such as global financial crisis) would be warranted but the private sector is still the good engine for stimulating economic growth. An ideal society needs both the private and the public sectors without the brand name of a so-called economic system.(sic) Thanks for reading my personal view with your kind indulgence. Needless to say,the official economic system would be used by leaders and to be found in textbooks for general reference only.
Francis Shieh a.k.a. Xie Shihao. Xie sounds like Shay or Shea to celebrate St. Patrick's Day on March 17th but I am not Irish by my face value or ethnicity but only to honor a missionary for searching knowledge and wisdom as an octogenarian student of economics. Perhaps the greening of America is eco-friendly for Irish Americans to kiss the Blarney Stone in the light vein with "youmu" i.e. humor. Sunday, March 15, 2009 at 2.06 p.m.
"During the campaign, the ever-desperate McCain, his hard-charging running mate Sarah Palin and even a plumber named Joe lined up to call Barrack Obama a "socialist." Last month Huckabee even exclaimed that, The Union of Soviet Socialist Republics may be dead, but the Union of American Socialist Republics is being born." What a charge and what tactics to mislead the American public!
"We are all Socialists now," declared a Newsweek cover last month. Obama claimed impeccable free market credentials.
The funny thing is that socialist know that Barrack Obama is not one of us. Not only is he not a socialist, he may in fact not even be a liberal.
The clear indication that Obama is not, in fact, a socialist, is the way his administration is avoiding structural changes to the financial system. Nationalization is simply not in the playbook of Treasury Secreary Timothy Geithner and his team. They favor costly, temporary measures that can easily be dismantled should the economy stabilize." And we expect to have stabilization,sooner or later when we have faith,hope and charity. Moreover,US and China are G-2 as per the article from World Bank Group published by Washington Post,March 6, 2009 for the reference of G-20 to be held in London on April 2, 2009.
Issues of war and peace further weaken the commander in chief's socialist credentials. A socialist foreign policy would call for the immediate removal of all troops.
Huckabee still felt confident in proposing that "Lenin and Stalin would love" Obama's bank bailout plan.
In one of my previous blogs I used the Pin Yin "Xuexi xuexi zai xue xi" cited by Lenin as someone told me. But Confucius said:"Review the past lessons to discover the new." "Wen gu er zhi xin" The connotation would be in the same boat to the best of my knowledge. However,Confucian thoughts are not the same as Lenin or Stalin. Confucius is known as an educator and a moral philosopher,not a revolutionary per se.
Well,people quote and cite famous names without knowing their true rationale. It is easy for folks to use buzzwords to scare the general public for political reason or for their vested interests.
Economics is to be studied to serve the folks in any society. The expansion of the public sector at the present time (under the special circumtances such as global financial crisis) would be warranted but the private sector is still the good engine for stimulating economic growth. An ideal society needs both the private and the public sectors without the brand name of a so-called economic system.(sic) Thanks for reading my personal view with your kind indulgence. Needless to say,the official economic system would be used by leaders and to be found in textbooks for general reference only.
Francis Shieh a.k.a. Xie Shihao. Xie sounds like Shay or Shea to celebrate St. Patrick's Day on March 17th but I am not Irish by my face value or ethnicity but only to honor a missionary for searching knowledge and wisdom as an octogenarian student of economics. Perhaps the greening of America is eco-friendly for Irish Americans to kiss the Blarney Stone in the light vein with "youmu" i.e. humor. Sunday, March 15, 2009 at 2.06 p.m.
Saturday, March 14, 2009
USAToday,March 13-15, 2009:Info in USA and in China
Page 1A
Sour US economy has put 40% of Americans on edge: Ages 30-49 worry the most. Some prepare to live off noodles. May be Chinese food for less cost? Better taste?
Medicare fraud? 17.1 billion on home health care for 3,6 million people.
Page 4A: Anxiety over money reinforces impact of recession,analyst says: new insight into Americans' attitudes: Go to well-beingindex.com for more analysis.
Page 8A: Jailing Madoff(age 70) won't return trust to USA. A $65 billion scam as hard to comprehend, and particularly odious, because he knew so many of his victims. The loss of trust and sense of violation are immense. Madoff deserves to spend the rest of his life in prison. He should have known his improper behavior!
Page 2B: Bank of America joins Citi, JP Morgan in profitability. CEO says it shouldn't need any more government help. That is good news for customers and taxpayers in America.
Let us be budget-friendly for a healthy living in this mundane world.
Page W1: A star was discovered in China by Renee Fleming, Shenyang readies for a big debut in New York City.
Traveling in Shanghai two years ago, the superstar soprano Renee Fleming discovered a 23-year-old with an unusually mature bass-baritone voice. Here is an evidence of Sino-American economics of human capital to be discovered and utilized in USA.
I traveled to Shanghai three times during the last two years and I have discovered Shanghai food to be sweeter and delectable(mei wei dein Pin Yin) as a native of Shanghai since 1926.
Francis Shieh a.k.a. Xie Shihao on March 14, 2009 at 3.32 p.m.
Sour US economy has put 40% of Americans on edge: Ages 30-49 worry the most. Some prepare to live off noodles. May be Chinese food for less cost? Better taste?
Medicare fraud? 17.1 billion on home health care for 3,6 million people.
Page 4A: Anxiety over money reinforces impact of recession,analyst says: new insight into Americans' attitudes: Go to well-beingindex.com for more analysis.
Page 8A: Jailing Madoff(age 70) won't return trust to USA. A $65 billion scam as hard to comprehend, and particularly odious, because he knew so many of his victims. The loss of trust and sense of violation are immense. Madoff deserves to spend the rest of his life in prison. He should have known his improper behavior!
Page 2B: Bank of America joins Citi, JP Morgan in profitability. CEO says it shouldn't need any more government help. That is good news for customers and taxpayers in America.
Let us be budget-friendly for a healthy living in this mundane world.
Page W1: A star was discovered in China by Renee Fleming, Shenyang readies for a big debut in New York City.
Traveling in Shanghai two years ago, the superstar soprano Renee Fleming discovered a 23-year-old with an unusually mature bass-baritone voice. Here is an evidence of Sino-American economics of human capital to be discovered and utilized in USA.
I traveled to Shanghai three times during the last two years and I have discovered Shanghai food to be sweeter and delectable(mei wei dein Pin Yin) as a native of Shanghai since 1926.
Francis Shieh a.k.a. Xie Shihao on March 14, 2009 at 3.32 p.m.
One dozen of roses in words for YOU to accept,please?
1. Set a goal with your own goal. "Mubiao" in Pin Yin system of romanization.
2. Smile and you are always popular. "xiaorong" is your face value as an asset.
3. Share with others for enjoyment. "fenxiang" is the way to go.
4. Help others would mean helping yourself. "bang ren shi bang zi ji"
5. Maintain a youthful spirit. "xiao huo zi jing shen"
6. Get along with the elderly and the young. "Lao shao wu qi"
7. Keep cool under pressure. "Bu pa ya li"
8. Surf the net to learn the happenings. "shang wang xue xi"
9. Respect all others. "zun jing bie ren"
10. Money is not the be-all and end-all in life. " cai fu shi sheng wai zhi wu"
11. Health is an asset. "Jian kang shi zhen de cai fu."
12. Offer you "a dozen of roses" in English and in Chinese Pin yin "xian ni yi da mei gui hua shi zhen qing.
2. Smile and you are always popular. "xiaorong" is your face value as an asset.
3. Share with others for enjoyment. "fenxiang" is the way to go.
4. Help others would mean helping yourself. "bang ren shi bang zi ji"
5. Maintain a youthful spirit. "xiao huo zi jing shen"
6. Get along with the elderly and the young. "Lao shao wu qi"
7. Keep cool under pressure. "Bu pa ya li"
8. Surf the net to learn the happenings. "shang wang xue xi"
9. Respect all others. "zun jing bie ren"
10. Money is not the be-all and end-all in life. " cai fu shi sheng wai zhi wu"
11. Health is an asset. "Jian kang shi zhen de cai fu."
12. Offer you "a dozen of roses" in English and in Chinese Pin yin "xian ni yi da mei gui hua shi zhen qing.
The biggest creditor,China demanding a guarantee from USA
China is very much concerned about US debt: Published by the Washington Post,Headline on page A1 on March 14, 2009. Such is the nitty-gritty of Sino-American economics to be watched with insightful awareness. Stay ahead and stay smart to learn the events in the mundane world.
Perhaps it is high time to study etiology i.e. causes of lifestyle and behavior of the folks in USA with easy credit system for living up to enjoy life. "Enjoy now and pay later" could have been going overboard? Let us look at the empirical evidence during the future course of time.
China surpassed Japan as the largest foreign holder of Treasury bonds. Any indication that it intends to cease those purchases or stage a sell-off could drive up the cost of borrowing for the US government, as well as sending mortagage rates higher for millions of Americans with loans from the banks.
Ponder the consequences and learn the realities in the months or years to come for the unfolding of such economic drama on the world stage.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 to learn the ups and downs of Sino-American Economics during the past decades and looking forward to the decades to come for economics in action as educational enrichment.
March 14, 2009 at 10.16 a.m.
Perhaps it is high time to study etiology i.e. causes of lifestyle and behavior of the folks in USA with easy credit system for living up to enjoy life. "Enjoy now and pay later" could have been going overboard? Let us look at the empirical evidence during the future course of time.
China surpassed Japan as the largest foreign holder of Treasury bonds. Any indication that it intends to cease those purchases or stage a sell-off could drive up the cost of borrowing for the US government, as well as sending mortagage rates higher for millions of Americans with loans from the banks.
Ponder the consequences and learn the realities in the months or years to come for the unfolding of such economic drama on the world stage.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 to learn the ups and downs of Sino-American Economics during the past decades and looking forward to the decades to come for economics in action as educational enrichment.
March 14, 2009 at 10.16 a.m.
Friday, March 13, 2009
Stay Smart and be law-abiding as good folks with ethics and morality
Washington Post, March 13, 2009 on page A1: Stocks soar,but dismal signs remain:
Falling home prices have wiped out four years of gains in Americans' net worth. The Federal Reserve data underlined just how quickly wealth created during the biggest credit bubble in history has vanished, leaving Americans without the college funds,nest eggs and other reserves they had set aside.
Page A14: Symbol of a Get-Rich-Quick era reports to Jail:
Richard Friedman was classic bait for the smooth-talking Bernard Madoff. Friedman started investing with Madoff in 1991 and lost his entire life savings, about $3 million. Madoff pleaded guilty to charges including securities fraud, mail fraud and money laundering.He was sent to jail after hearing. Such is the human behavior of a greedy person in USA. Needless to say,there are some corrupt people in China with the wrong behavior as the lost sheep. We need to promote ethics and morality. Adam Smith,Ben Franklin and Confucius and Mencius are to be studied by good folks in USA and in China to be law-abiding for the best interests of the individual and the nation. Such an idea may be academic but would be desirable for intellectual pursuit of good readers of Sino-American economics.
Page A12: President Obama stressed the importance of raising the level and frequency of the US-China military to military dialogue in order to avoid future incidents.
"Washington and Beijing have voiced a desire to cooperate on issues ranging from the global economic crisis to North Korea. Obama and Yang(Foreign Minister of China,educated at the London School of Economics) agreed that China and the US must work closely and urgently as two of the world's leading economies to stabilize the global economy by stimulating demand at home and abroad, and get credit markets flowing."the White House said. Such is the same rationale as my previous blogs.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student to watch the positive development of two nations on both sides of the Pacific for peace and security in the nuclear age.
Defense Technology International, March 2009 issue published an article on Chinese destroyer Qingdao in San Diego in 2006 with photo of Qingdao steams from Pearl Harbor after an exercise with the US Navy. Richard D. Fisher,Jr. is the author of China's Military Modernization: Building for Regional and Global Reach(Praeger,2008)
March 13, 2009 at 9.56 a.m.
Falling home prices have wiped out four years of gains in Americans' net worth. The Federal Reserve data underlined just how quickly wealth created during the biggest credit bubble in history has vanished, leaving Americans without the college funds,nest eggs and other reserves they had set aside.
Page A14: Symbol of a Get-Rich-Quick era reports to Jail:
Richard Friedman was classic bait for the smooth-talking Bernard Madoff. Friedman started investing with Madoff in 1991 and lost his entire life savings, about $3 million. Madoff pleaded guilty to charges including securities fraud, mail fraud and money laundering.He was sent to jail after hearing. Such is the human behavior of a greedy person in USA. Needless to say,there are some corrupt people in China with the wrong behavior as the lost sheep. We need to promote ethics and morality. Adam Smith,Ben Franklin and Confucius and Mencius are to be studied by good folks in USA and in China to be law-abiding for the best interests of the individual and the nation. Such an idea may be academic but would be desirable for intellectual pursuit of good readers of Sino-American economics.
Page A12: President Obama stressed the importance of raising the level and frequency of the US-China military to military dialogue in order to avoid future incidents.
"Washington and Beijing have voiced a desire to cooperate on issues ranging from the global economic crisis to North Korea. Obama and Yang(Foreign Minister of China,educated at the London School of Economics) agreed that China and the US must work closely and urgently as two of the world's leading economies to stabilize the global economy by stimulating demand at home and abroad, and get credit markets flowing."the White House said. Such is the same rationale as my previous blogs.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student to watch the positive development of two nations on both sides of the Pacific for peace and security in the nuclear age.
Defense Technology International, March 2009 issue published an article on Chinese destroyer Qingdao in San Diego in 2006 with photo of Qingdao steams from Pearl Harbor after an exercise with the US Navy. Richard D. Fisher,Jr. is the author of China's Military Modernization: Building for Regional and Global Reach(Praeger,2008)
March 13, 2009 at 9.56 a.m.
Stay informed:National Symphony to tour China
Sequel to NSO News: Plan for the current tour go back to a verbal invitation from the Ministry in the fall of 2006 in the wake of the Kennedy Center's China festival. "It is our way of giving back,"says NSO Executive Director Rita Shapiro. "by bringing our orchestra to China after all the fantastic art that the Chinese brought to the Kennedy Center."
The repertory will, therefore, include an American work: Daniel Kellogg's "Western Skies," which the orchestra will give its world premiere April 16 at the Kennedy Center. Indeed, the NSO's concerts set for April 16-18 will offer local audiences a nice preview of the China programs. Tchaikovsky's Fifth Symphony, and Greek violinist Leonidas Iavakos soloing in the Mendelssohn E. Minor and Tchaikovsky violin concertos. In China, the orchestra will also offer Dvorak's Seventh Symphony and the Overture to Wagner's "Die Meisterssinger von Nurnberg," which Fischer has performed with the NSO on previous programs. Published by the Washington Post,March 12, 09 on page C3.
Here is the West meets the East or vice versa re Sino-American Economics of Human Capital apropos of the Division of Labor for cultural exchanges.
Francis Shieh a.k.a. Xie Shihao, a believer of borderless music for humanity.
March 13, 2009 at 6.18 a.m.
The repertory will, therefore, include an American work: Daniel Kellogg's "Western Skies," which the orchestra will give its world premiere April 16 at the Kennedy Center. Indeed, the NSO's concerts set for April 16-18 will offer local audiences a nice preview of the China programs. Tchaikovsky's Fifth Symphony, and Greek violinist Leonidas Iavakos soloing in the Mendelssohn E. Minor and Tchaikovsky violin concertos. In China, the orchestra will also offer Dvorak's Seventh Symphony and the Overture to Wagner's "Die Meisterssinger von Nurnberg," which Fischer has performed with the NSO on previous programs. Published by the Washington Post,March 12, 09 on page C3.
Here is the West meets the East or vice versa re Sino-American Economics of Human Capital apropos of the Division of Labor for cultural exchanges.
Francis Shieh a.k.a. Xie Shihao, a believer of borderless music for humanity.
March 13, 2009 at 6.18 a.m.
Thursday, March 12, 2009
Building a better capitalism:WashPost,3/12/09 pageA19
"What kind of capitalism shall we craft? Larry Summers, President Obama's senior economic adviser, cautioned in an interview in Monday's Financial Times against heeding "those who,just as in the 1930s, tried to learn the lesson that market capitalism didn't work and needed to be replaced with an entirely different model."
Market failures may be strengthened by positive externalities for public interests.
The expansion of the public sector in USA is warranted under the present circumstances i.e. financial crisis but the private sector's initiative and contribution must also be noted for economic growth. The case of China's model (i.e. Human Capitalism with ethics and morality of the most populous nation) may be a case for reference. Jobs must be provided to those who are able and willing to work in the USA and in China for common needs of both nations. Government may be the employer of last resort.
Harold Meyerson's conclusion:" Wall Street's capitalism is dying in disgrace. It is time for a better model." That is what Obama administration is trying to change i.e. to compare notes with other nations aprops of G-20 for April 2nd meeting of leaders in London.
Francis Shieh a.k.a. a lifelong learner of economic systems since I was a graduate student at USF in 1947 to date. March 12, 2009 at 2.38 p.m.
Market failures may be strengthened by positive externalities for public interests.
The expansion of the public sector in USA is warranted under the present circumstances i.e. financial crisis but the private sector's initiative and contribution must also be noted for economic growth. The case of China's model (i.e. Human Capitalism with ethics and morality of the most populous nation) may be a case for reference. Jobs must be provided to those who are able and willing to work in the USA and in China for common needs of both nations. Government may be the employer of last resort.
Harold Meyerson's conclusion:" Wall Street's capitalism is dying in disgrace. It is time for a better model." That is what Obama administration is trying to change i.e. to compare notes with other nations aprops of G-20 for April 2nd meeting of leaders in London.
Francis Shieh a.k.a. a lifelong learner of economic systems since I was a graduate student at USF in 1947 to date. March 12, 2009 at 2.38 p.m.
Parsing President Obama's policies by Walter Bardenwerper
Washington Post,March 12, 2009 on page A18, Letter to the Editor:
Economics professor N. Gregory Mankiw of Harvard University derided President Obama's tax proposals as "one citizen" laying claim "to the wealth of his more productive neighbor" (Sunday Opinion,March 8)
"What a generalization! Is it really so evident that a competent nurse is less "productive" than Citigroup's Charles Prince, who,it might be argued, helped to cripple that giant bank; that a dedicated police officer is less "productive" than former Merrill Lynch CEO John Thain, whose $1.2 million expenditure of company money on renovating his office included $87,000 for a rug; and that an inspiring teacher is less "productive" than limousine liberal Tom Daschle, who failed to pay more than $100,000 in taxes?
I suspect that Mr. Mankiw would agree that it is our good fortune that not every citizen dedicates his/her productive energies principally to the pursuit of personal wealth. "
To make a point, I am a blogger to render service to the readers without any intent for wealth but doing my job as a teacher and educator to spread knowledge and information apropos of Sino-American economics.
"And while honest productivity does yield honest wealth in some professions,I doubt he would seriously contend that the accumulation of wealthy necessarily denotes a more productive citizen to serve the nation." Such is insightful reasoning in my mind. Congratulations to the writer for your proper thoughts!
The ultimate success in economics is the contribution to be made for human happiness. What is happiness? Material consumption over desire only? I would add intellectual pursuit and spiritual satisfaction plus good health.
"Challenging the president's stated redistribution intentions with a gross oversimplification conveys an arrogance reminiscent of the departed Bush administration and undermines a legitimate and necessary debate on future tax policy."
Let us wait for the outcome in due course of time as empirical evidence.
Page A14 China exports down 25% but China is still willing to resolve global financial crisis as a responsible member of international economic society re G-20 conference in London,April 2, 2009
Francis Shieh a.k.a. Xie Shihao on March 12, 2009 at 12.56 p.m.
Economics professor N. Gregory Mankiw of Harvard University derided President Obama's tax proposals as "one citizen" laying claim "to the wealth of his more productive neighbor" (Sunday Opinion,March 8)
"What a generalization! Is it really so evident that a competent nurse is less "productive" than Citigroup's Charles Prince, who,it might be argued, helped to cripple that giant bank; that a dedicated police officer is less "productive" than former Merrill Lynch CEO John Thain, whose $1.2 million expenditure of company money on renovating his office included $87,000 for a rug; and that an inspiring teacher is less "productive" than limousine liberal Tom Daschle, who failed to pay more than $100,000 in taxes?
I suspect that Mr. Mankiw would agree that it is our good fortune that not every citizen dedicates his/her productive energies principally to the pursuit of personal wealth. "
To make a point, I am a blogger to render service to the readers without any intent for wealth but doing my job as a teacher and educator to spread knowledge and information apropos of Sino-American economics.
"And while honest productivity does yield honest wealth in some professions,I doubt he would seriously contend that the accumulation of wealthy necessarily denotes a more productive citizen to serve the nation." Such is insightful reasoning in my mind. Congratulations to the writer for your proper thoughts!
The ultimate success in economics is the contribution to be made for human happiness. What is happiness? Material consumption over desire only? I would add intellectual pursuit and spiritual satisfaction plus good health.
"Challenging the president's stated redistribution intentions with a gross oversimplification conveys an arrogance reminiscent of the departed Bush administration and undermines a legitimate and necessary debate on future tax policy."
Let us wait for the outcome in due course of time as empirical evidence.
Page A14 China exports down 25% but China is still willing to resolve global financial crisis as a responsible member of international economic society re G-20 conference in London,April 2, 2009
Francis Shieh a.k.a. Xie Shihao on March 12, 2009 at 12.56 p.m.
National Symphony Orchestra will tour China in June
At the invitation of the Ministry of Culture of the People's Republic of China, the orchestra's principal conductor, Ivan Fischer, will lead the ensemble in five concerts in Macau, Beijing, Xian and Shanghai. The NSO last performed in mainland China under Leonard Slatkin in 1999. Such news is published by the Washington Post C1 "Style section" for readers' information.
In line with closer and positive US/China military exchanges,I hope US Marine Band would tour China under the order of the Commander-in-chief President Obama in the near future. It is President"s Own Band. Cultural exchanges would promote understanding including the study of the Chinese language and philosophy.
"A Glimpse of the Chinese Language" in English is available free of charge via PDF at www.rand.org for information. Language is the proper means of enriched communication and such work is available as public service to readers with interest in the Chinese culture for knowledge in globalization. The West and the East are one human race in One World with One Dream of Peace and Security of humanity.
Francis Shieh a.k.a. Xie Shihao,a promoter of understanding via Sino-American Economics of Human Capital for peace and economic development on March 12,2009 at 12.08 p.m.
In line with closer and positive US/China military exchanges,I hope US Marine Band would tour China under the order of the Commander-in-chief President Obama in the near future. It is President"s Own Band. Cultural exchanges would promote understanding including the study of the Chinese language and philosophy.
"A Glimpse of the Chinese Language" in English is available free of charge via PDF at www.rand.org for information. Language is the proper means of enriched communication and such work is available as public service to readers with interest in the Chinese culture for knowledge in globalization. The West and the East are one human race in One World with One Dream of Peace and Security of humanity.
Francis Shieh a.k.a. Xie Shihao,a promoter of understanding via Sino-American Economics of Human Capital for peace and economic development on March 12,2009 at 12.08 p.m.
"Honolulu" by Alan Brennert. Reviewed by Walton
Paradise Lost, and Found: Published by St. Martin's 360 pp. $24.95
In America's collective consciousness, Hawaii is largely idealized, a modern-day Eden dotted with palm trees, cloudless skies - a vacation destination and little else. But beyond the Aloha State's tropical climate and white-sand beaches lies unrivaled cultural complexity, a rich and sometimes dark history that is frequently whitewashed by the islands' blindingly paradisiacal qualities.
Chief of Police Dan Liu held the position over two decades with four decades+ of service at Honolulu Police Department. A downtown Police Station was dedicated and named after Chief Dan Liu in his honor with fond memory to show folks as an evidence of a distinguished American law-enforcement officer with his outstanding leadership from Chinese ancestry.
It is good to learn that Steven Chu, the Secretary of Energy and Gary Locke,the Secretary of Commerce are members of the Obama administration to demonstrate Sino-American Economics of the utilization of human resource of Chinese ancestry in USA making American history in the 21st century for humanity.
Francis Shieh a.k.a. Xie Shihao, an honorary citizen of the City of Honolulu,State of Hawaii on March 12, 2009 at 6.16 a.m.
In America's collective consciousness, Hawaii is largely idealized, a modern-day Eden dotted with palm trees, cloudless skies - a vacation destination and little else. But beyond the Aloha State's tropical climate and white-sand beaches lies unrivaled cultural complexity, a rich and sometimes dark history that is frequently whitewashed by the islands' blindingly paradisiacal qualities.
Chief of Police Dan Liu held the position over two decades with four decades+ of service at Honolulu Police Department. A downtown Police Station was dedicated and named after Chief Dan Liu in his honor with fond memory to show folks as an evidence of a distinguished American law-enforcement officer with his outstanding leadership from Chinese ancestry.
It is good to learn that Steven Chu, the Secretary of Energy and Gary Locke,the Secretary of Commerce are members of the Obama administration to demonstrate Sino-American Economics of the utilization of human resource of Chinese ancestry in USA making American history in the 21st century for humanity.
Francis Shieh a.k.a. Xie Shihao, an honorary citizen of the City of Honolulu,State of Hawaii on March 12, 2009 at 6.16 a.m.
Wednesday, March 11, 2009
YSAToday,Washington Times,March 11,2009 et al
USA Today,March 11, 2009 page 1A:
21% of Americans scramble to cover medical and drug bills. That is about 1/5.
Page 5A: The biggest problem is the cost of health care in USA. So true as far as I am aware of the real situations.
Washington Times page A6:
Paul Krugman,the Nobel Laureate in Economic Science 2008 won't bet on Obama's optimistic growth forecast. Harvard Economics Professor Greg Mankiw thinks that Mr. Obama's growth forecast are overly optimistic and that the federal deficit will be a lot larger than Obama thinks. Krugman attacked Mankiw and Mankiw suggested to place a wager in it. Who really knows? Nobody would impugn,indeed!
Professor John K. Galbraith's seasoned aphorism:" There are those who don't know and those who don't know they don't know." Such expression would be fitting and proper to describe the views of two renowned economists.
Washington Post,March 11, 2009 page A15:
Andrew Grove who has taught strategy at Stanford University Graduate School of Business.
"Leading an organization,let alone a society, out of the chaos phase and into a new order requires explicit clear and consistent messages from the top. The leader must paint a picture of the new and fill in lots of detail so that all relevant parts of society understand what they need to do to contribute. The answers to the questions "What is wrong?" "What are we going to do" "How are we going to do it?" and "What should we expect?"
I heard the answers from our top leader already.
First things first. Strive to achieve stability in our financial system. When the momentum is clear enough to allow trust in the system to return, then tackle the next mega-problems. As Machiavelli said, "One change always leave the way o pen for the establishment of others."
I heard the above as well from our leaders. I would be patient to watch the development as sequels during the course of time.
Francis Shieh a.k.a. Xie Shihao, a student observer about Sino-American Economics on Wednesday,March 11, 2009 at 3.28 p.m.
21% of Americans scramble to cover medical and drug bills. That is about 1/5.
Page 5A: The biggest problem is the cost of health care in USA. So true as far as I am aware of the real situations.
Washington Times page A6:
Paul Krugman,the Nobel Laureate in Economic Science 2008 won't bet on Obama's optimistic growth forecast. Harvard Economics Professor Greg Mankiw thinks that Mr. Obama's growth forecast are overly optimistic and that the federal deficit will be a lot larger than Obama thinks. Krugman attacked Mankiw and Mankiw suggested to place a wager in it. Who really knows? Nobody would impugn,indeed!
Professor John K. Galbraith's seasoned aphorism:" There are those who don't know and those who don't know they don't know." Such expression would be fitting and proper to describe the views of two renowned economists.
Washington Post,March 11, 2009 page A15:
Andrew Grove who has taught strategy at Stanford University Graduate School of Business.
"Leading an organization,let alone a society, out of the chaos phase and into a new order requires explicit clear and consistent messages from the top. The leader must paint a picture of the new and fill in lots of detail so that all relevant parts of society understand what they need to do to contribute. The answers to the questions "What is wrong?" "What are we going to do" "How are we going to do it?" and "What should we expect?"
I heard the answers from our top leader already.
First things first. Strive to achieve stability in our financial system. When the momentum is clear enough to allow trust in the system to return, then tackle the next mega-problems. As Machiavelli said, "One change always leave the way o pen for the establishment of others."
I heard the above as well from our leaders. I would be patient to watch the development as sequels during the course of time.
Francis Shieh a.k.a. Xie Shihao, a student observer about Sino-American Economics on Wednesday,March 11, 2009 at 3.28 p.m.
Bernanke's vision for change:WashPost,3/11/09 A6
Bernanke referred to the global nature of financial markets and the current crisis at various points. He urged coordination with bank regulators abroad but stopped short of endorsing an international financial regulatory regime - an idea that has been pushed by some European leaders. The issue is likely to come up when the G-20 meets in a few weeks in London. April 2, 2009 to be exact.
Ethics and morality must be taken into consideration.
"The issue is how do we get from Point A to Point B and what role should the FED play," said Steven Davidoff, a new professor and an expert on securities regulation.
"The world has changed," Davidoff said, "Greenspan was not a pro-regulatory force, and now we have someone advocating regulation across the board." That is good for change and reform,indeed.
Bernanke was asked wheh he expected the economy would recover.
"My forecasting record is about the same as the win-loss record of the Washington Nationals," he said. Prof. Galbraith: There are those who don't know and those who don't know they don't know" A witty quip.
"We will eventually recover. There is no question. The economy has too many underlying strengths. It is too dynamic an economy." That is not untrue in my mind as well.
Francis Shieh a.k.a. Xie Shihao on Wednesday,March 11, 2009 at 10.38 a.m.
Ethics and morality must be taken into consideration.
"The issue is how do we get from Point A to Point B and what role should the FED play," said Steven Davidoff, a new professor and an expert on securities regulation.
"The world has changed," Davidoff said, "Greenspan was not a pro-regulatory force, and now we have someone advocating regulation across the board." That is good for change and reform,indeed.
Bernanke was asked wheh he expected the economy would recover.
"My forecasting record is about the same as the win-loss record of the Washington Nationals," he said. Prof. Galbraith: There are those who don't know and those who don't know they don't know" A witty quip.
"We will eventually recover. There is no question. The economy has too many underlying strengths. It is too dynamic an economy." That is not untrue in my mind as well.
Francis Shieh a.k.a. Xie Shihao on Wednesday,March 11, 2009 at 10.38 a.m.
Reischauer quoted Galbraith:WashPost,3/8/09 et al
Former Director of the Congressional Budget Office and President of the Urban Institute cited Professor John K. Galbraith: Is afficting the comfortable,as Prof. Galbraith liked to quip, fair, economically sensible and practical?
A book review of "Almost Everyone's Guide to Economics" by John K. Galbraith is published by Atlantic Economic Journal,September 1979 and may be searched online.
In this case, yes! Unlike average Americans,those on the income ladder's top rungs have enjoyed very healthy income gains over the past decade. And, even more than those lower down,they have profited handsomely from lowered effective tax rates. To make the education,health, and environmental investments that our society and economy need for the long run, why shouldn't those who have reaped most from society's past investments bear most of the burden of seeding tomorrow's opportunities? Food for thought as metaphor. To ponder and to reflect would be fun!
Over the longer run, as the nation grapples with its entitlement promises, educational needs and infrastructure deficiencies, Americans at all income levels will have to accept somewhat higher levels of taxation. Such may be our obligation.(sic)
Both Confucius and Mencius stressed education as known to all. Here is the common ground of Confucianism as the forerunner for America in the 21st century.
DC Public Schools Chancellor Michelle Rhee extols education. I have reason to believe that her Korean background has a bearing with Confucianism as I observed when I visited Korea decades ago. As a matter of fact,"Hanja" is Hanzi i.e. Chinese characters. Educated Koreans learned the Chinese characters as I noticed with the Korean culture from the Chinese culture.
Since USA has influence in Asia and I believe that it is high time to study Asian culture including Japanese,Korean and Chinese culture for the human resources of America for globalization in the 21st century. "A Glimpse of the Chinese Language" and "Philosphy of Mencius" are listed at www.loc.gov(Library of Congress online catalog) as useful references for readers of Sino-American economics.
Francis Shieh a.k.a. Xie Shihao on Wednesday, March 11, 2009 at 6.46 a.m.
A book review of "Almost Everyone's Guide to Economics" by John K. Galbraith is published by Atlantic Economic Journal,September 1979 and may be searched online.
In this case, yes! Unlike average Americans,those on the income ladder's top rungs have enjoyed very healthy income gains over the past decade. And, even more than those lower down,they have profited handsomely from lowered effective tax rates. To make the education,health, and environmental investments that our society and economy need for the long run, why shouldn't those who have reaped most from society's past investments bear most of the burden of seeding tomorrow's opportunities? Food for thought as metaphor. To ponder and to reflect would be fun!
Over the longer run, as the nation grapples with its entitlement promises, educational needs and infrastructure deficiencies, Americans at all income levels will have to accept somewhat higher levels of taxation. Such may be our obligation.(sic)
Both Confucius and Mencius stressed education as known to all. Here is the common ground of Confucianism as the forerunner for America in the 21st century.
DC Public Schools Chancellor Michelle Rhee extols education. I have reason to believe that her Korean background has a bearing with Confucianism as I observed when I visited Korea decades ago. As a matter of fact,"Hanja" is Hanzi i.e. Chinese characters. Educated Koreans learned the Chinese characters as I noticed with the Korean culture from the Chinese culture.
Since USA has influence in Asia and I believe that it is high time to study Asian culture including Japanese,Korean and Chinese culture for the human resources of America for globalization in the 21st century. "A Glimpse of the Chinese Language" and "Philosphy of Mencius" are listed at www.loc.gov(Library of Congress online catalog) as useful references for readers of Sino-American economics.
Francis Shieh a.k.a. Xie Shihao on Wednesday, March 11, 2009 at 6.46 a.m.
Tuesday, March 10, 2009
Friends in Asia for USA
Washington Post,March 10, 2009 on page A12:
Editorial - Secretary of State Hillary Clinton continues to devalue and undermine the US diplomatic tradition of some advocacy. On her first foreign trip to Asia, she was dismissive about raising rights concerns with China, saying those issues can't interfere with economic, security or environmental matters. Such rationale is similar or identical to an article,"Trading up to global recovery" by Charlene Barshefsky on page A11 as per my prior blog.
Chinese Foreign Minister Yang has arrived in Washington for three-day visit to make arrangements for the meeting of President Obama and President Hu in London, April 2nd. Moreover,Yang will meet with Treasury Secretary and other officials plus a speech touching Sino-American economics as I would envision.
I have reason to believe that such strategic meetings would generate mutual benefits from positively active Sino-American Economics.
On Page C1,C8, Georgetown Dean Robert Gallucci to lead philanthropic MacArthur Foundation to offer grants for peace and security. Both USA and China have common interests in peace and security in the 21st century. Cf. Recovery Rides on the G-2 (USA and China) by World Bank Group. It is desirable for leaders to make eleemosynary effort for humanity.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of US-China economic relations with graduate degree from Georgetown in 1950. March 10, 2009 at 8.26 p.m.
Editorial - Secretary of State Hillary Clinton continues to devalue and undermine the US diplomatic tradition of some advocacy. On her first foreign trip to Asia, she was dismissive about raising rights concerns with China, saying those issues can't interfere with economic, security or environmental matters. Such rationale is similar or identical to an article,"Trading up to global recovery" by Charlene Barshefsky on page A11 as per my prior blog.
Chinese Foreign Minister Yang has arrived in Washington for three-day visit to make arrangements for the meeting of President Obama and President Hu in London, April 2nd. Moreover,Yang will meet with Treasury Secretary and other officials plus a speech touching Sino-American economics as I would envision.
I have reason to believe that such strategic meetings would generate mutual benefits from positively active Sino-American Economics.
On Page C1,C8, Georgetown Dean Robert Gallucci to lead philanthropic MacArthur Foundation to offer grants for peace and security. Both USA and China have common interests in peace and security in the 21st century. Cf. Recovery Rides on the G-2 (USA and China) by World Bank Group. It is desirable for leaders to make eleemosynary effort for humanity.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of US-China economic relations with graduate degree from Georgetown in 1950. March 10, 2009 at 8.26 p.m.
Trading Up to Global Recovery by Charlene Barshefsky
Washington Post,March 10, 2009 on page A13:
"President Obama faces two immediate challenges:restoring economic growth and renewing global faith in America's judgment. A robust trade policy is essential to both." I support such statement with my endorsement.
"Trade spurs development, building alliance and security as economic integration creates shared interests. That is correct reasoning.
The insightful article entitled "Recovery Rides on the G-2" by Zoellick and Lin of World Bank Group has the same rationale about Sino-American Economics,published by the Washington Post,March6,2009 on page A15.
"We should focus on Asia,which remains the world's most dynamic region, starting with US-South Korea free-trade agreement i.e. commitments to liberalize the auto market. Robust engagement with China is also vital, with a sharpened emphasis on macroeconomic policy(including exchange rates), energy,climate change,nonproliferation and rogue states. Political economy should be noted. Cf. "Macroeconomics of Stabilization,"published by the White House Conference in August 1978 for reference. Moreover, Bi-lateral division of labor apropos of apprenticeship would also be desirable for economic growth of Sino-American economics as elaborated in "Keys for Economic Understanding" www.Amazon.com online book catalog.
"Foster common action: The global system serves America's interests and aspirations. The more we adjust to new economic realities and demand constructive engagement from the developing world such as China in particular on international economic governance, the more stable that system will become. These nations should have enhanced voting rights in the IMF,the World Bank and other organizations,as China is willing to accept responsibility for global order for humanity. In combating economic crisis, that includes providing additional liquidity,coordinated stimulus and assistance to the poorest nations as well as cooperation toward a global system of regulations."
I trust that the above sound thoughts will be understood on April 2nd for the Conference in London re G-20 when there is such positive vision in the 21st century.
Francis Shieh a.k.a.Xie Shihao is watching the outcome for the global peace and security for economic recovery during the course of time. March 10, 2009 at 11 a.m.
"President Obama faces two immediate challenges:restoring economic growth and renewing global faith in America's judgment. A robust trade policy is essential to both." I support such statement with my endorsement.
"Trade spurs development, building alliance and security as economic integration creates shared interests. That is correct reasoning.
The insightful article entitled "Recovery Rides on the G-2" by Zoellick and Lin of World Bank Group has the same rationale about Sino-American Economics,published by the Washington Post,March6,2009 on page A15.
"We should focus on Asia,which remains the world's most dynamic region, starting with US-South Korea free-trade agreement i.e. commitments to liberalize the auto market. Robust engagement with China is also vital, with a sharpened emphasis on macroeconomic policy(including exchange rates), energy,climate change,nonproliferation and rogue states. Political economy should be noted. Cf. "Macroeconomics of Stabilization,"published by the White House Conference in August 1978 for reference. Moreover, Bi-lateral division of labor apropos of apprenticeship would also be desirable for economic growth of Sino-American economics as elaborated in "Keys for Economic Understanding" www.Amazon.com online book catalog.
"Foster common action: The global system serves America's interests and aspirations. The more we adjust to new economic realities and demand constructive engagement from the developing world such as China in particular on international economic governance, the more stable that system will become. These nations should have enhanced voting rights in the IMF,the World Bank and other organizations,as China is willing to accept responsibility for global order for humanity. In combating economic crisis, that includes providing additional liquidity,coordinated stimulus and assistance to the poorest nations as well as cooperation toward a global system of regulations."
I trust that the above sound thoughts will be understood on April 2nd for the Conference in London re G-20 when there is such positive vision in the 21st century.
Francis Shieh a.k.a.Xie Shihao is watching the outcome for the global peace and security for economic recovery during the course of time. March 10, 2009 at 11 a.m.
Monday, March 9, 2009
Wall Street Journal and USAToday,March 9, 2009
WSJ page A1: US will seek a global boost in stimulus spending but Europeans want to focus on revamping financial rules.
Page C1: Big investors bet on gold over currencies. I mentioned precious metals with intrinsic values in my past blogs.
Defense of Obamanomics by Laura Tyson,Professor at UC Berkeley,former chair of CEA under President Clinton on page A19 for details. She also wrote "No China Bashing" years ago with insights and vision.
USAToday,page 10A: Donald Bonkreaux,Chair of George Mason University's economics department wrote:
"A world-class economy is impossible if its businesses cannot look past upcoming elections and must heed lobbyists pleas and agitators cries. Banks are so critical at channeling savings into investments that build the future. I sent my blog several days ago re the significance of the private sector for economic growth with the same rationale.
Page B1: Stock recovery will be a long haul - 28 years?
Economic downturn pull necklines up: Struggling retailer widen options for teens,tweens to include more modest clothes. I have seen such modest clothes in Shanghai,China several weeks age. There is the common ground of young folks in USA/China during the economic crisis.
Francis Shieh a.k.a. Xie Shihao,an observer of human behavior in USA and in China since 1947 to date. March 9, 2009 at 3.40 p.m.
Page C1: Big investors bet on gold over currencies. I mentioned precious metals with intrinsic values in my past blogs.
Defense of Obamanomics by Laura Tyson,Professor at UC Berkeley,former chair of CEA under President Clinton on page A19 for details. She also wrote "No China Bashing" years ago with insights and vision.
USAToday,page 10A: Donald Bonkreaux,Chair of George Mason University's economics department wrote:
"A world-class economy is impossible if its businesses cannot look past upcoming elections and must heed lobbyists pleas and agitators cries. Banks are so critical at channeling savings into investments that build the future. I sent my blog several days ago re the significance of the private sector for economic growth with the same rationale.
Page B1: Stock recovery will be a long haul - 28 years?
Economic downturn pull necklines up: Struggling retailer widen options for teens,tweens to include more modest clothes. I have seen such modest clothes in Shanghai,China several weeks age. There is the common ground of young folks in USA/China during the economic crisis.
Francis Shieh a.k.a. Xie Shihao,an observer of human behavior in USA and in China since 1947 to date. March 9, 2009 at 3.40 p.m.
Washington Post, March 9, 2009 page A1,A12
"US Downturn Dragging World Into Recession: Report says global economy will shrink for first time since 1940s." Such is negative news but we have faith,hope and charity.A native of Shanghai has the equation: 3S-2D=CU www.Sino-American Economics.
"We need to react in real time to a growing crisis that is hurting people in developing nations," World Bank President Robert B. Zoellick said in a statement. Action is needed by governments and multilateral lenders to avoid social and political unrest," he said. Let us wait for the outcome of G-20 leaders in April 2 2009.
"It could also prove difficult to raise more money from hard-hit countries including the United States and Britain, where politicians and citizens may decide that charity begins at home." Such are the realities of nations as victims of economic crisis in the world.
"I am worried about what happens when you see that a Greece or an Ireland that might need bailouts," said Simon Johnson, an MIT economics professor and former IMF chief economist. "Where is the money going to come from?" Perhaps funds may be available from China since China is willing to join other nations to resolve economic crisis. However,it would be desirable for nations to learn the Chinese language and culture. "A Glimpse of the Chinese Language" and "Philosophy of Mencius" are available at www.loc.gov i.e. Library of Congress online catalog under author's name: Shieh,Francis for reference.
Francis Shieh a.k.a. Xie Shihao who is willing to share such knowledge as an educator in China and in the USA since 1945 to date. Monday,March 9, 2009 at 10.12 a.m.
"We need to react in real time to a growing crisis that is hurting people in developing nations," World Bank President Robert B. Zoellick said in a statement. Action is needed by governments and multilateral lenders to avoid social and political unrest," he said. Let us wait for the outcome of G-20 leaders in April 2 2009.
"It could also prove difficult to raise more money from hard-hit countries including the United States and Britain, where politicians and citizens may decide that charity begins at home." Such are the realities of nations as victims of economic crisis in the world.
"I am worried about what happens when you see that a Greece or an Ireland that might need bailouts," said Simon Johnson, an MIT economics professor and former IMF chief economist. "Where is the money going to come from?" Perhaps funds may be available from China since China is willing to join other nations to resolve economic crisis. However,it would be desirable for nations to learn the Chinese language and culture. "A Glimpse of the Chinese Language" and "Philosophy of Mencius" are available at www.loc.gov i.e. Library of Congress online catalog under author's name: Shieh,Francis for reference.
Francis Shieh a.k.a. Xie Shihao who is willing to share such knowledge as an educator in China and in the USA since 1945 to date. Monday,March 9, 2009 at 10.12 a.m.
Sunday, March 8, 2009
Is Capitalism Moral? American Interest,Mar.April 09
"The American Interest" Magazine,March - April 2009 issue published such query for readers."Is Capitalism Moral?" Is such economic system viable? Read the headlines!
Jagdish Bhagwati, Professor of Economics at Columbia University: India and China had been snoring for decades and these giants finally woke up because they shifted from crippling anti-market fundamentalism to a pragmatic center.
Here I wish to reiterate Confucianism as a pragmatic economic system in China as per the media world-wide.
As an octogenarian, I chat about the trajectory of our lives, deepening the smile line or laughter to strive for longevity as per my blogs. Those who are aspired to be rich or famous will probably become so for a transient spell in the mundane world. I am seeking for a comfortable living with stability plus intellectual competence and a web of friendship for a flight toward cyber-reality for interaction of communication online.
It is said that at age 50, everyone has the face he/she deserves or at our face value as I am aware of my ethnicity.
I am 83+ but my buoyancy is like a "xiao-huo-zi" in Pin Yin. I would never be subdued and remain a forceful guy. Call it Big Bang or the Green Thrust for econ-friendly buzzword. LIFE IS THRUST. Should I say "Push and Pull" in action.
There is a silver lining: How the economic crisis can make us healthier, wealthier and wiser? Study Confucius and Mencius to be synthesized with Adam Smith and Ben Franklin in terms of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Sunday,March 8, 2009 at 2.16 p.m.
Jagdish Bhagwati, Professor of Economics at Columbia University: India and China had been snoring for decades and these giants finally woke up because they shifted from crippling anti-market fundamentalism to a pragmatic center.
Here I wish to reiterate Confucianism as a pragmatic economic system in China as per the media world-wide.
As an octogenarian, I chat about the trajectory of our lives, deepening the smile line or laughter to strive for longevity as per my blogs. Those who are aspired to be rich or famous will probably become so for a transient spell in the mundane world. I am seeking for a comfortable living with stability plus intellectual competence and a web of friendship for a flight toward cyber-reality for interaction of communication online.
It is said that at age 50, everyone has the face he/she deserves or at our face value as I am aware of my ethnicity.
I am 83+ but my buoyancy is like a "xiao-huo-zi" in Pin Yin. I would never be subdued and remain a forceful guy. Call it Big Bang or the Green Thrust for econ-friendly buzzword. LIFE IS THRUST. Should I say "Push and Pull" in action.
There is a silver lining: How the economic crisis can make us healthier, wealthier and wiser? Study Confucius and Mencius to be synthesized with Adam Smith and Ben Franklin in terms of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Sunday,March 8, 2009 at 2.16 p.m.
Gregory Mankiw's view about Obama's proposal
Washington Post,March 8, 2009 on page A17:
President Obama's proposal to raise taxes at the top to further cut taxes at the bottom has one rationale: using the coercive power of the state to spread the wealth around. Such policy raises deep philosophical questions. It is the expansion of the public sector in case of dire need and market failures in the private sector.
Is Economics a moral science? It is the question of questions, an issue of issues with reflection of epistemology i.e. limit and validity of human knowledge.
I do remember the synthesis of the philosophy of Adam Smith with his "Theory of Moral Sentiments" and Ben Franklin's aphorism to be compared with Confucius and Mencius. Such an enormous academic pursuit would deserve the cooperation and collaboration of scholars in the West and in the East for years of research to find common ground in the name of globalization of economic philosophy between the East and the West in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Sunday,March 8, 2009 at 1.38 p.m. at Bowie Public Library to share my views with readers at www.Blogger.com apropos of Sino-American Economics.
President Obama's proposal to raise taxes at the top to further cut taxes at the bottom has one rationale: using the coercive power of the state to spread the wealth around. Such policy raises deep philosophical questions. It is the expansion of the public sector in case of dire need and market failures in the private sector.
Is Economics a moral science? It is the question of questions, an issue of issues with reflection of epistemology i.e. limit and validity of human knowledge.
I do remember the synthesis of the philosophy of Adam Smith with his "Theory of Moral Sentiments" and Ben Franklin's aphorism to be compared with Confucius and Mencius. Such an enormous academic pursuit would deserve the cooperation and collaboration of scholars in the West and in the East for years of research to find common ground in the name of globalization of economic philosophy between the East and the West in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Sunday,March 8, 2009 at 1.38 p.m. at Bowie Public Library to share my views with readers at www.Blogger.com apropos of Sino-American Economics.
Unsolicited suggestions to my beloved for your kind reference
The following may or may not be meaningful as per your own volition:-
If you wish to buy stocks or bonds throughout your life in this mundane world,you would welcome price drop as a way to add more inexpensive investments for your portfolio. That is the positive mindset.
You would never be perturbed when your holdings decline by 60% - 90% such as GM,AIG or Citi or Bank of America stocks. Consider such vicissitudes of life as your generous eleemosynary endeavor.(sic)
You are a bold soul with determination to get rich for your material or physical investments on earth. Query: Is money the be-all and the end-all in our lives? My goal is:"jiao xue xiang zhang" "shi zhong bu xie" in Pin Yin.
My humble advice is to invest in human capital i.e. knowledge for intellectual clout. I study everyday to enrich my brain with no concern about the decline but only addition to my intellectual capital as my asset plus walking for my good health. I do remember my motto: Happiness is not material consumption(Money required) over Desire but add intellectual pursuit,spiritual satisfaction and good health to the numerator over the denominator of desire in a fraction. Plus: 3S-2D=CU as my equation for my way of life. Cf. my prior blogs at www.blogger.com for reference. Or send e-mail to: fs33@georgetown.edu for answers.
Thanks for reading my humble views and have a great day with spirituality to be applied to Sino-American Economics of Human Resource for intellectual development.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai,China in 1947 to study GENUINE economics of Ontology in this mundane world with philosophical underpinning as an octogenarian.
Sunday,March 8, 2009 at 7.22 a.m. Daylight Saving Time returns today at 2 a.m. Let there be Light!
If you wish to buy stocks or bonds throughout your life in this mundane world,you would welcome price drop as a way to add more inexpensive investments for your portfolio. That is the positive mindset.
You would never be perturbed when your holdings decline by 60% - 90% such as GM,AIG or Citi or Bank of America stocks. Consider such vicissitudes of life as your generous eleemosynary endeavor.(sic)
You are a bold soul with determination to get rich for your material or physical investments on earth. Query: Is money the be-all and the end-all in our lives? My goal is:"jiao xue xiang zhang" "shi zhong bu xie" in Pin Yin.
My humble advice is to invest in human capital i.e. knowledge for intellectual clout. I study everyday to enrich my brain with no concern about the decline but only addition to my intellectual capital as my asset plus walking for my good health. I do remember my motto: Happiness is not material consumption(Money required) over Desire but add intellectual pursuit,spiritual satisfaction and good health to the numerator over the denominator of desire in a fraction. Plus: 3S-2D=CU as my equation for my way of life. Cf. my prior blogs at www.blogger.com for reference. Or send e-mail to: fs33@georgetown.edu for answers.
Thanks for reading my humble views and have a great day with spirituality to be applied to Sino-American Economics of Human Resource for intellectual development.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai,China in 1947 to study GENUINE economics of Ontology in this mundane world with philosophical underpinning as an octogenarian.
Sunday,March 8, 2009 at 7.22 a.m. Daylight Saving Time returns today at 2 a.m. Let there be Light!
Saturday, March 7, 2009
Lose one hour on March 8, 09 but early bird catches the intellectual worms
USAToday,March 6-8, 2009: We lose an hour on Sunday morning on page 1A to observe Daylight Saving Time. I get up around 5 a.m. anyway since my body is programmed.(sic)
Page 5A: At Chinavasion, a large online retailer- the secret agent pen with camcorder is the most popular item sold. A secret camera pen is on sale for about $40 at Sea Dragon Electronics City, one of China's largest appliance malls in Beijing. Such may be a hide and seek device for kids and grown-up kids to play the games.Hehehahahoho all the way and we shall live to be centenarians.
The technology is commonly used to help spouses who suspect their partners of infidelity. Such infidelity may be rare under the present financial straits.(sic)
Moreover,loyal couples would not need such technology but have faith,hope and love. All human beings are the same so stick to one spouse only for true love of the opposite gender. On Page 8A, the federal government is spending $5 million on a national media campaign extolling the virtues of marriage. (Life,Cover story, Feb.18)
Page 1B. General Motors auditors say it is at risk as official report.
Washington Times,March 6th on page A19: Deven Sharma,President of Standard and Poor's,the investment research firm. Sharma believes that President obama is right on the mark. The market alone won't make it: Wall Strfeet to take the medicine and reestore some confidence for open and transparent financial system with clear rules of the road to protect consumers and investors. Such Presidential remark is the same as I sent my prior blogs aprops of ethics and morality.
Francis Shieh a.k.a. Xie Shihao,an interested watcher of the markets in action with or without the rules in the days to come as empirical evidence.
March 7, 2009 at 3.26 p.m.
Page 5A: At Chinavasion, a large online retailer- the secret agent pen with camcorder is the most popular item sold. A secret camera pen is on sale for about $40 at Sea Dragon Electronics City, one of China's largest appliance malls in Beijing. Such may be a hide and seek device for kids and grown-up kids to play the games.Hehehahahoho all the way and we shall live to be centenarians.
The technology is commonly used to help spouses who suspect their partners of infidelity. Such infidelity may be rare under the present financial straits.(sic)
Moreover,loyal couples would not need such technology but have faith,hope and love. All human beings are the same so stick to one spouse only for true love of the opposite gender. On Page 8A, the federal government is spending $5 million on a national media campaign extolling the virtues of marriage. (Life,Cover story, Feb.18)
Page 1B. General Motors auditors say it is at risk as official report.
Washington Times,March 6th on page A19: Deven Sharma,President of Standard and Poor's,the investment research firm. Sharma believes that President obama is right on the mark. The market alone won't make it: Wall Strfeet to take the medicine and reestore some confidence for open and transparent financial system with clear rules of the road to protect consumers and investors. Such Presidential remark is the same as I sent my prior blogs aprops of ethics and morality.
Francis Shieh a.k.a. Xie Shihao,an interested watcher of the markets in action with or without the rules in the days to come as empirical evidence.
March 7, 2009 at 3.26 p.m.
WashPost,March 7,09 :Distribution of Wealth in USA and in China
President Obama's budget would give the poor new tax cuts,new college loans and a new health care system by taking nearly $1 trillion from the rich in new taxes. The tax policy would redistribute wealth from about 3 million elite families to forgotten lower and middles classes. I would support such change for a better America to take care of less fortunate Americans.
According to the Brookings research report years ago,middle class folks in USA are shrinking but the middle class is the backbone of any nation as known. From my own witness in China,the middle class in China is expandig and that is desirable for the wellbeing of the majority. Ponder such and reach your own conclusions re the economic systems in USA and in China.
Page D3: Obama undeterred on tax shift as headlines and I am delighted to witness the President's priority for the wellbeing of the majority of working Americans in the years to come. It is real economics to serve folks in the American society.
Page B6 Economic Crisis apropos of Ethics and Morality:
"Banks could learn from Islam,Vatican says: Islamic finance to restore confidence among the clients at a time of global economic crisis. The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit of service." Vatican's official newspaper,L'Osservatore Romano said. There are many folks in Ningxia,China with Islamic culture.
Pope Benedict XVI reflected on crashing financial markets in an October 7 speech, saying that money vanishes, it is nothing! The official newspaper criticized the free-market model for having grown too much and badly in the past two decades. My comment: Positive and negative externalities must be taken into consideration and there are free market failures,indeed!
I have witnessed such scenes and I believe that the Pontiff represents ethics and morality in the Western custom and tradition for faith,hope and charity to avoid greed in the same aphorism as the teaching of Confucianism in the East. I would like to repeat the synthesis of Adam Smith,Ben Franklin with Confucius and Mencius to strengthen the understanding that the East and the West should be One Human Race with the common economic needs to be resolved by caring leaders to work hard for the proper policy apropos of the Common ground of ethics and morality in the West and in the East for globalization on earth.
Francis Shieh a.k.a. Xie Shihao,a graduate student of economic philosophy with publication of comparison in re Plato,Aristotle with Confucius and Mencius at Georgetown Graduate School in 1950. Saturday,March 7, 2009 at 10.28 a.m.
According to the Brookings research report years ago,middle class folks in USA are shrinking but the middle class is the backbone of any nation as known. From my own witness in China,the middle class in China is expandig and that is desirable for the wellbeing of the majority. Ponder such and reach your own conclusions re the economic systems in USA and in China.
Page D3: Obama undeterred on tax shift as headlines and I am delighted to witness the President's priority for the wellbeing of the majority of working Americans in the years to come. It is real economics to serve folks in the American society.
Page B6 Economic Crisis apropos of Ethics and Morality:
"Banks could learn from Islam,Vatican says: Islamic finance to restore confidence among the clients at a time of global economic crisis. The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit of service." Vatican's official newspaper,L'Osservatore Romano said. There are many folks in Ningxia,China with Islamic culture.
Pope Benedict XVI reflected on crashing financial markets in an October 7 speech, saying that money vanishes, it is nothing! The official newspaper criticized the free-market model for having grown too much and badly in the past two decades. My comment: Positive and negative externalities must be taken into consideration and there are free market failures,indeed!
I have witnessed such scenes and I believe that the Pontiff represents ethics and morality in the Western custom and tradition for faith,hope and charity to avoid greed in the same aphorism as the teaching of Confucianism in the East. I would like to repeat the synthesis of Adam Smith,Ben Franklin with Confucius and Mencius to strengthen the understanding that the East and the West should be One Human Race with the common economic needs to be resolved by caring leaders to work hard for the proper policy apropos of the Common ground of ethics and morality in the West and in the East for globalization on earth.
Francis Shieh a.k.a. Xie Shihao,a graduate student of economic philosophy with publication of comparison in re Plato,Aristotle with Confucius and Mencius at Georgetown Graduate School in 1950. Saturday,March 7, 2009 at 10.28 a.m.
Friday, March 6, 2009
Recovery Rides on The G-2 i.e. USA and China
Washington Post, March 6, 2009 on page A15: An article with eye-opening insights from Zoellick and Lin of the World Bank Group to be shared with readers of Sino-American Economics at www.Blogger.com for brainstorming endeavor.
"China's economic growth will plunge in 2009. The United States is in severe recession. For the world's economy to recover, these two economic powerhouses must cooperate and become the engine for the Group of 20. Without a strong G-2, the G-20 will disappoint."
"The root cause of broader global payment imbalances is structural. Overconsumption in the US and oversaving in China." My comment:Lifestyles re tradition and custom of the folks are different in USA and in China as I sent my prior blogs.
Household savings in China are about 20% of GDP but the savings rate in USA is low as known.
The two countries should join forces to prevent a protracted global recession. Both nations have announced stimulus packages.
To achieve its leaders' goal of building a harmonious society,China needs to improve its income distribution. President Obama in USA is stressing the same direction for distribution of wealth as his goal dedicated to a changing America for ethics and morality in fairness for all Americans.
There are strong mutual incentives: The US is the largest destination for Chinese exports, and China is the largest foreign investor in US government debt. The economic interdependency is stark.I would add" PERIOD." as I envisioned such.
Perhaps it would be high time for thinkers and scholars to study Adam Smith,Ben Franklin to be synthesized with the thoughts of Confucius and Mencius as I have been studying as a lifelong student of economic philosophy of Western and Eastern ideas and ideals for the benefit of humanity in the 21st century and beyond...
NOTE: Robert B. Zoellick is president and Justin Yifu Lin, chief economist and senior VP for development economics of the World Bank Group.
Francis Shieh a.k.a. Xie Shihao is gratified to compare notes with two distinguished economists for the future direction of global economy in the days to come. In April,we shall see official announcements of G-20 leaders sharing the same rationale for G-2 for Sino-American Economics for world economic recovery.
Friday, March 6, 2009 at 9.56 a.m.
"China's economic growth will plunge in 2009. The United States is in severe recession. For the world's economy to recover, these two economic powerhouses must cooperate and become the engine for the Group of 20. Without a strong G-2, the G-20 will disappoint."
"The root cause of broader global payment imbalances is structural. Overconsumption in the US and oversaving in China." My comment:Lifestyles re tradition and custom of the folks are different in USA and in China as I sent my prior blogs.
Household savings in China are about 20% of GDP but the savings rate in USA is low as known.
The two countries should join forces to prevent a protracted global recession. Both nations have announced stimulus packages.
To achieve its leaders' goal of building a harmonious society,China needs to improve its income distribution. President Obama in USA is stressing the same direction for distribution of wealth as his goal dedicated to a changing America for ethics and morality in fairness for all Americans.
There are strong mutual incentives: The US is the largest destination for Chinese exports, and China is the largest foreign investor in US government debt. The economic interdependency is stark.I would add" PERIOD." as I envisioned such.
Perhaps it would be high time for thinkers and scholars to study Adam Smith,Ben Franklin to be synthesized with the thoughts of Confucius and Mencius as I have been studying as a lifelong student of economic philosophy of Western and Eastern ideas and ideals for the benefit of humanity in the 21st century and beyond...
NOTE: Robert B. Zoellick is president and Justin Yifu Lin, chief economist and senior VP for development economics of the World Bank Group.
Francis Shieh a.k.a. Xie Shihao is gratified to compare notes with two distinguished economists for the future direction of global economy in the days to come. In April,we shall see official announcements of G-20 leaders sharing the same rationale for G-2 for Sino-American Economics for world economic recovery.
Friday, March 6, 2009 at 9.56 a.m.
USAToday,March 5,Wall Street Journal,March 5,09
USAToday,March 5,2009 page 4B: China stimulus stimulates US market.
Wall Street Journal,March 5,09 page A10: China affirms 8% growth outlook,Taiwan Progress.
Some critics feel that leaders were caught flatfooted by the downturn. A Professor at the University of Chicago says. My comment: Who really knows the economy i.e. financial crisis as happened in the Fall of 2008? Prof.John K. Galbraith: "There are those who don't know and those who don't know they don't know as economic forecast."(sic)
Page A15: William Easterly,Prof. of Economics at NYU reviewed "Affluence and Ethics" by Peter Singer. Random House,206 pages $22. A moral voice seeking compassion! Is Economics a moral science? Relevant to ethics and morality? Study Adam Smith,Ben Franklin to be synthesized with thoughts from Confucius and Mencius. That is a challenge for all scholars in the 21st century as I would envision aprops of Sino-American Economics.
Page B1: Lenovo looks to grow in rural China's 320,000 villages.
Page C2: Shanghai gains 6.1%, London adds 3.8%. Shanghai and London are sister cities.
Page C5: China trade boasts Catepillar and Alcoa, attributable more stimulus spending from the Chinese government.
Francis Shieh a.k.a. Xie Shihao,an eager graduate student from Shanghai to study US-China economic relations since 1947. I believe in Division of Human Capital for two nations on both sides of the Pacific as I envisioned in "Work and Study Cycle Theory"(1978) listed at www.loc.gov (Library of Congress online catalog)
March 6, 2009 at 5.22 a.m.
Wall Street Journal,March 5,09 page A10: China affirms 8% growth outlook,Taiwan Progress.
Some critics feel that leaders were caught flatfooted by the downturn. A Professor at the University of Chicago says. My comment: Who really knows the economy i.e. financial crisis as happened in the Fall of 2008? Prof.John K. Galbraith: "There are those who don't know and those who don't know they don't know as economic forecast."(sic)
Page A15: William Easterly,Prof. of Economics at NYU reviewed "Affluence and Ethics" by Peter Singer. Random House,206 pages $22. A moral voice seeking compassion! Is Economics a moral science? Relevant to ethics and morality? Study Adam Smith,Ben Franklin to be synthesized with thoughts from Confucius and Mencius. That is a challenge for all scholars in the 21st century as I would envision aprops of Sino-American Economics.
Page B1: Lenovo looks to grow in rural China's 320,000 villages.
Page C2: Shanghai gains 6.1%, London adds 3.8%. Shanghai and London are sister cities.
Page C5: China trade boasts Catepillar and Alcoa, attributable more stimulus spending from the Chinese government.
Francis Shieh a.k.a. Xie Shihao,an eager graduate student from Shanghai to study US-China economic relations since 1947. I believe in Division of Human Capital for two nations on both sides of the Pacific as I envisioned in "Work and Study Cycle Theory"(1978) listed at www.loc.gov (Library of Congress online catalog)
March 6, 2009 at 5.22 a.m.
Thursday, March 5, 2009
China's role in global economic recovery:WashPost3/5/09
Page D1,D4:-
"The US recession is dragging down almost every industry in almost every part of the country and businesses do not expect conditions to improve until late this year at the earliest,according to a Federal Reserve report.
The grim prognosis came amid new signs of deterioration in both the service sector and the job market." The improvement of the job market would need the workers to have marketable skills as elaborated in "Keys for Economic Understanding" www.Amazon.com online book catalog for reference.
"Wall Street analysts and traders said they would not read too much into the rally, which was fueled by gains in shares of energy and reports that the Chinese government might provide further stimulus to its economy.(sic)
Page A10: In crisis, China vows openness and increase stimulus program That sounds like the US scene as well?" We shall see the results to come...
"China will take measures to boost domestic consumption, increase agricultural subsidies and maintain the stabilty of its currency." There is the developments of Sino-American economics in action in the days to come to be reflected in the US economy and other nations when China is going to buy US housing and other things to increase US exports and exports to China by others. "China plans to its stimulus of $586 billion fairly and wisely,similar to the US plans for more equitable distribution of income and wealth. Let us continue to watch the empirical evidence.
Page A14: World leaders have spoken out against rising protectionism,blamed for sparking global trade wars in the 1930s that deepened and prolonged the Great Depression. A case in point is Indonesia that fired their own salvo when US had the provision to win support as part of $787 billion of stimulus package to "Buy American" leading to protectionism and retaliation...
Francis Shieh a.k.a. Xie Shihao,a lifelong student for economics in action with avid zeal.
March 5, 2009 at 12.28 p.m.
"The US recession is dragging down almost every industry in almost every part of the country and businesses do not expect conditions to improve until late this year at the earliest,according to a Federal Reserve report.
The grim prognosis came amid new signs of deterioration in both the service sector and the job market." The improvement of the job market would need the workers to have marketable skills as elaborated in "Keys for Economic Understanding" www.Amazon.com online book catalog for reference.
"Wall Street analysts and traders said they would not read too much into the rally, which was fueled by gains in shares of energy and reports that the Chinese government might provide further stimulus to its economy.(sic)
Page A10: In crisis, China vows openness and increase stimulus program That sounds like the US scene as well?" We shall see the results to come...
"China will take measures to boost domestic consumption, increase agricultural subsidies and maintain the stabilty of its currency." There is the developments of Sino-American economics in action in the days to come to be reflected in the US economy and other nations when China is going to buy US housing and other things to increase US exports and exports to China by others. "China plans to its stimulus of $586 billion fairly and wisely,similar to the US plans for more equitable distribution of income and wealth. Let us continue to watch the empirical evidence.
Page A14: World leaders have spoken out against rising protectionism,blamed for sparking global trade wars in the 1930s that deepened and prolonged the Great Depression. A case in point is Indonesia that fired their own salvo when US had the provision to win support as part of $787 billion of stimulus package to "Buy American" leading to protectionism and retaliation...
Francis Shieh a.k.a. Xie Shihao,a lifelong student for economics in action with avid zeal.
March 5, 2009 at 12.28 p.m.
A priori Versus A posteriori WashPost,3/4/09 D3
Senators McCain and Dorgan called for the creation of a special committee to investigate the root causes of the financial crisis and make recommendations to avert future economic calamity.
The banking and finance committees have been heavily focused on crafting the legislation to deal with the effects of the economic crisis, and have not had time to conduct an ivestigative overview of the events leading up it.
My comment: Human behavior of greed may be taken into consideration.(sic)
Page F2: Washington Post,March 4,2009 Chicken and Pistachio Fried Rice with flavor of Chinese food in the light vein.
My comment: It is a matter of taste as a part and parcel of human behavior as well.
Francis Shieh a.k.a.Xie Shihao,a philosophical advocate of spiritual reconciliation with good health and mental happiness as the essence of living in the mundane world.
Thursday,March 5, 2009 at 6.28 a.m.
The banking and finance committees have been heavily focused on crafting the legislation to deal with the effects of the economic crisis, and have not had time to conduct an ivestigative overview of the events leading up it.
My comment: Human behavior of greed may be taken into consideration.(sic)
Page F2: Washington Post,March 4,2009 Chicken and Pistachio Fried Rice with flavor of Chinese food in the light vein.
My comment: It is a matter of taste as a part and parcel of human behavior as well.
Francis Shieh a.k.a.Xie Shihao,a philosophical advocate of spiritual reconciliation with good health and mental happiness as the essence of living in the mundane world.
Thursday,March 5, 2009 at 6.28 a.m.
Wednesday, March 4, 2009
Xue xi,xue xi zai xue xi.That is an aphorism for all folks
Washington Post,March 4, 2009 on page A15:- To cite an article below: -
Harold Meyerson wrote: Who You Calling Socialist?
"American capitalism is about to be supplanted not by socialism but by a more regulated,viable capitalism." Personally, I see the increasing role of the public sector but the private sector is more significant for economic growth. Both are to be found in USA and in China as well as I have witnessed so far as a student of economc systems since 1940s.
"Judging by the failures of the great Wall Street investment houses and the worldwide crisis of commercial banks; the death rattle of the US auto industry; the plunge of stock markets everywhere; the sickening rise in global joblessness; and the growing shakiness of governments that caused a more social capitalism on the horizon." I would see the positive and negative externalities in Socio- economics. Economics is designed to serve any society as I see it.Cf.An article by John K. Galbraith,Nov.1989 issue of Economic Commentary for comparisons.
Francis Shieh a.k.a. Xie Shihao,an octogenarian Fulbright Senior Scholar on March 4, 2009 at 12.42 p.m.
Harold Meyerson wrote: Who You Calling Socialist?
"American capitalism is about to be supplanted not by socialism but by a more regulated,viable capitalism." Personally, I see the increasing role of the public sector but the private sector is more significant for economic growth. Both are to be found in USA and in China as well as I have witnessed so far as a student of economc systems since 1940s.
"Judging by the failures of the great Wall Street investment houses and the worldwide crisis of commercial banks; the death rattle of the US auto industry; the plunge of stock markets everywhere; the sickening rise in global joblessness; and the growing shakiness of governments that caused a more social capitalism on the horizon." I would see the positive and negative externalities in Socio- economics. Economics is designed to serve any society as I see it.Cf.An article by John K. Galbraith,Nov.1989 issue of Economic Commentary for comparisons.
Francis Shieh a.k.a. Xie Shihao,an octogenarian Fulbright Senior Scholar on March 4, 2009 at 12.42 p.m.
The Re-Redistributor: Why Obama is right about inequality
Washington Post,March 2, 2009 page A17:
EJ Dionne,Jr. write: The central issue in American political economy is whether the country should reverse a long trend of rising inequality in incomes and wealth. Such may be the concerns for students of economics in USA and in China as well.
What is the bottom-line question: Do the leaders believe that a fairer distribution of economic system would be essential to changing priority of economies on the global scale? I have reason to believe that President Obama has been mulling over in his mind for CHANGE in America.
The economy is hectic now but Americans still believe that we are heading the right direction as per the poll. I believe the cost of the war in Iraq would be another major issue for folks to support President Obama.
If we exercise our brain,we may live longer as centenarians. Such is positive and dynamic. Have a great day,everything as thinkers of economic happenings.
Francis Shieh a.k.a. Xie Shihao,an octogenarian seeking brainstorming every day.
March 4, 2009 at 5.55 a.m.
EJ Dionne,Jr. write: The central issue in American political economy is whether the country should reverse a long trend of rising inequality in incomes and wealth. Such may be the concerns for students of economics in USA and in China as well.
What is the bottom-line question: Do the leaders believe that a fairer distribution of economic system would be essential to changing priority of economies on the global scale? I have reason to believe that President Obama has been mulling over in his mind for CHANGE in America.
The economy is hectic now but Americans still believe that we are heading the right direction as per the poll. I believe the cost of the war in Iraq would be another major issue for folks to support President Obama.
If we exercise our brain,we may live longer as centenarians. Such is positive and dynamic. Have a great day,everything as thinkers of economic happenings.
Francis Shieh a.k.a. Xie Shihao,an octogenarian seeking brainstorming every day.
March 4, 2009 at 5.55 a.m.
Tuesday, March 3, 2009
Wall Street Journal and Washington Times:3/3/09
WSJ,March 3 2009 on page A1 HEADLINES:- Stocks hit 1997 level,signaling long slump. Dow's plunge below 6800 comes as investors bet on a sustained earnings downturn. Markets shudder across the globe: The bear stalks the mundane world.
However, Americans hold the keys to our economic recovery with faith, hope and love.
Chinese car maker Geely is likely to bid for Ford's Volvo as soon as next week on page B1 as published in the Wall Street Journal today.
Washington Times: page A3: -
The boardroom has invaded the bedroom. More than 102 million Americans are losing sleep over the US economy, according to research released by National Sleep Foundation.
However,I do applause the measures President Obama has taken so far with my endorsement in full support with the following equation: -
3S-2D=CU i.e. acronym for
1S - Simplicity;
2S - Sincerity;
3S - Serenity.
1D - Discontent;
2D - Depression.
C - Cheer
U - Upbeat
Francis Shieh a.k.a. Xie Shihao,a believer in the philosophy of economics on March 3, 2009 at 2 p.m.(Eastern Standard Time.)
We shall observe Daylight Saving Time on Sunday,March 8, 2009. Even though we lose one hour but early bird catches the worm of knowledge with intellectual clout,indeed!
However, Americans hold the keys to our economic recovery with faith, hope and love.
Chinese car maker Geely is likely to bid for Ford's Volvo as soon as next week on page B1 as published in the Wall Street Journal today.
Washington Times: page A3: -
The boardroom has invaded the bedroom. More than 102 million Americans are losing sleep over the US economy, according to research released by National Sleep Foundation.
However,I do applause the measures President Obama has taken so far with my endorsement in full support with the following equation: -
3S-2D=CU i.e. acronym for
1S - Simplicity;
2S - Sincerity;
3S - Serenity.
1D - Discontent;
2D - Depression.
C - Cheer
U - Upbeat
Francis Shieh a.k.a. Xie Shihao,a believer in the philosophy of economics on March 3, 2009 at 2 p.m.(Eastern Standard Time.)
We shall observe Daylight Saving Time on Sunday,March 8, 2009. Even though we lose one hour but early bird catches the worm of knowledge with intellectual clout,indeed!
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