Altho the internet might have started in the USA and was English -based. US no longer has the largest number of Internet users. China does with 298 million users to the US 220 million. About 90% of the Chinese users prefer content in the Chinese language. Such was published by the Washington Post,April 30,09 on page 20 of Prince Georges Section.
In order to communicate with folks in China,"A Glimpse of the Chinese Language" is dedicated and is available free of charge as a pfd format at www.rand.org.
Francis Shieh aka Xie Shihao,a promoter of the Chinese language with art(calligraphy) and music(4 tones in Mandarin) to the readers of Sino-American Economics to communicate with the Chinese language in the name of humanity since China is the most populous nation in the world. Understanding via language is known to all.
April 30, 2009
Thursday, April 30, 2009
"Yi xiao,Yi shao" Laughter leads to rejuvenation!
Smile may be the way to win minds and hearts of folks but laughter begets youth.
In Pin Yin system of romanization,the word is "XIAO"
"Xiao-hua" is a joke. Cracking a joke would be a good way to be happy in the USA and in China as well. There is the goal to seek common ground for the wellness of humanity. "A Glimpse of the Chinese Language" in English is hereby dedicated to all folks who would appreciate the art and music of the Chinese language. It is available free of charge at www.rand.org in pdf format as a public service.
Beware of "xiaoli cang dao",however,i.e. Murderous intent behind one's smile. That is a joke as well. Reason: It is impossible to hide a knife with a smile except a metaphor.
Francis Shieh aka Xie Shihao,thanks from a hero of poetry in name only. Pushing the smiling habit to the readers of www.Sino-American Economics for longevity.
Economics may be regarded as a joke with metaphor in my prior blog with the newly coined word:"Lingonomics."
Thursday,April 30, 2009 at 68 a.m.
In Pin Yin system of romanization,the word is "XIAO"
"Xiao-hua" is a joke. Cracking a joke would be a good way to be happy in the USA and in China as well. There is the goal to seek common ground for the wellness of humanity. "A Glimpse of the Chinese Language" in English is hereby dedicated to all folks who would appreciate the art and music of the Chinese language. It is available free of charge at www.rand.org in pdf format as a public service.
Beware of "xiaoli cang dao",however,i.e. Murderous intent behind one's smile. That is a joke as well. Reason: It is impossible to hide a knife with a smile except a metaphor.
Francis Shieh aka Xie Shihao,thanks from a hero of poetry in name only. Pushing the smiling habit to the readers of www.Sino-American Economics for longevity.
Economics may be regarded as a joke with metaphor in my prior blog with the newly coined word:"Lingonomics."
Thursday,April 30, 2009 at 68 a.m.
Wednesday, April 29, 2009
Political Economy is in evidence?WashPost 4.29A14
Gregory Mankiw, a professor at Harvard University said:"It is almost inconceivable that the political process will be good at corporate governance. The most one can hope for is that this period will be temporary, that the federal government will well off its equity stake to private investors as soon as possible."
It is the mix of public sector and the private sector in the American economy. It is always a matter of degree, not in essence for the two sectors in America or in China as well.
Some economists point to Europe as an ominous example of state ownership. "In Italy, we did that in the 1930s and it took until the mid-1990s to sell them back" said Luigi Zingales, a finance professor at the University of Chicago.
The combo of two sectors has been in evidence in Europe for decades.
Francis Shieh aka Xie Shihao,a lifelong student of economics with awareness of the private sector and public sector to be working for the best interest of the nation.
April 29, 2009 at 7.22 p.m.
It is the mix of public sector and the private sector in the American economy. It is always a matter of degree, not in essence for the two sectors in America or in China as well.
Some economists point to Europe as an ominous example of state ownership. "In Italy, we did that in the 1930s and it took until the mid-1990s to sell them back" said Luigi Zingales, a finance professor at the University of Chicago.
The combo of two sectors has been in evidence in Europe for decades.
Francis Shieh aka Xie Shihao,a lifelong student of economics with awareness of the private sector and public sector to be working for the best interest of the nation.
April 29, 2009 at 7.22 p.m.
Washington Post,April 29, 2009 page A10
John Silvia, chief economist at Wachovia said:"It is still raining but we are past the worst of the storm." Or to use another metaphor thik of the economy as a bathtub. The goal is for the tub to be full for the economy to produce as much in terms of goods and services as the size of the labor force and technology will allow, to to operate at full employment with almost everyone who wants a job able to find one. Right now, the bathtub is far from full. It has been draining since the recession began 16 month ago, and the unemployment rate is 8.5%. There are optimists and pessimists. Pick you own school of thought. I am inclined to be optimistic if labor force can be properly trained. Cf."Keys for Economic Understanding." and my blogs in the past for your reference.
Here is "Lingonomics" in action as I coined the word for readers to be aware of the state of the economy.
Francis Shieh aka Xie Shihao on April 29th at 7.30 a.m.
Here is "Lingonomics" in action as I coined the word for readers to be aware of the state of the economy.
Francis Shieh aka Xie Shihao on April 29th at 7.30 a.m.
Tuesday, April 28, 2009
Alan Blinder made comments:WashPost 4/26/09
Professor of Economics Alan Blinder of Princeton University stated:"The banking crisis will soon grab the headlines again. The leaders will start tiptoeing through financial and political maine fields. Congress would not be easy to vote for bank bailouts as a tremulous prediction.
"Lingonomics" seems to be working here with such statements.
Francis Shieh aka Xie Shihao on April 28, 2009 at 5.56 p.m.
"Lingonomics" seems to be working here with such statements.
Francis Shieh aka Xie Shihao on April 28, 2009 at 5.56 p.m.
Monday, April 27, 2009
Economist Nouriel Roubini is Dr. Realist. Phoenix TV news
Lally Weymouth of Newsweek and The Post interviewed Prof.Roubini of New York University,published at the Washington Post,April 27, 3009 on page A19:
"In the short run, China has no option but to accumulate dollar reserves. Why? Because if they stop doing that,their currency would appreciate sharply while their exports are plunging. China cannot afford to let its currency appreciate any further, and to prevent the appreciation given their current and capital accounts they have to buy another $499 billion of reserves this year along. They want to create a yuan zone in Asia. They are pushing for inter-Asian trade to be conducted in yuan. They are taking several steps that will lead their own currency to become an international currency." Such statement may be the outcome of Sino-American Economics at present for readers' own thoughts.
According to Phoenix TV report,April 28, 09,Chinese Minister of Commerce Chen met US Commerce Department Secretary Gary Locke and Larry Summers of economic adviser to the President to discuss Sino-American Economics in action as per the volition of the leaders of two nations for mutual benefit in the 21st century.
Francis Shieh aka Xie Shihao,an independent monitor of Sino-American economics on Monday,April 27, 2009 at 7.40 p.m.
"In the short run, China has no option but to accumulate dollar reserves. Why? Because if they stop doing that,their currency would appreciate sharply while their exports are plunging. China cannot afford to let its currency appreciate any further, and to prevent the appreciation given their current and capital accounts they have to buy another $499 billion of reserves this year along. They want to create a yuan zone in Asia. They are pushing for inter-Asian trade to be conducted in yuan. They are taking several steps that will lead their own currency to become an international currency." Such statement may be the outcome of Sino-American Economics at present for readers' own thoughts.
According to Phoenix TV report,April 28, 09,Chinese Minister of Commerce Chen met US Commerce Department Secretary Gary Locke and Larry Summers of economic adviser to the President to discuss Sino-American Economics in action as per the volition of the leaders of two nations for mutual benefit in the 21st century.
Francis Shieh aka Xie Shihao,an independent monitor of Sino-American economics on Monday,April 27, 2009 at 7.40 p.m.
"Lingonomics" from words in use re economics
Socrates refined the terms in ethics which is relevant to economics. Such as virtue,friendship,courage. These words are useful to describe the nature and substance in the field of economics.
Plato explored the words like idea,form in psychology which is a part of economics as well.
Aristotle firmed up words as information,abstract,accidental,generic,specific. They may be part and parcel in economics.
The vocabularies of Plato and Aristotle,Latinized, permeated the philosophy of the West. However,there are similar concepts in Confucianism as I tried to compare in my work entitled "Philosophy of Mencius,"listed at the Library of Congress www.loc.gov in 1950.
Adam Smith was a professor of moral philosophy but a renowned economist as well.
The highest degree in economics is Ph.D., i.e. Doctor of Philosophy. That is the rationale per se!
I have reason to believe that economics students should study ethics and morality in Business Ethics as courses in Business Schools in USA and in China.
Francis Shieh aka Xie Shihao on Monday,April 27, 2009 at 6.26 a.m.
Plato explored the words like idea,form in psychology which is a part of economics as well.
Aristotle firmed up words as information,abstract,accidental,generic,specific. They may be part and parcel in economics.
The vocabularies of Plato and Aristotle,Latinized, permeated the philosophy of the West. However,there are similar concepts in Confucianism as I tried to compare in my work entitled "Philosophy of Mencius,"listed at the Library of Congress www.loc.gov in 1950.
Adam Smith was a professor of moral philosophy but a renowned economist as well.
The highest degree in economics is Ph.D., i.e. Doctor of Philosophy. That is the rationale per se!
I have reason to believe that economics students should study ethics and morality in Business Ethics as courses in Business Schools in USA and in China.
Francis Shieh aka Xie Shihao on Monday,April 27, 2009 at 6.26 a.m.
Sunday, April 26, 2009
"False Economy" By Alan Beattle 321 pp. $26.95
Washington Post,April 26, 2009 on page B7:
Pop social science - think Steven Levitt and Steven Dubner's "Freakonomics" is tricky. Authors risk sacrificing the intricacies of scholarship in the service of reader-friendly anecdotes.
Alan Beattle, the world-trade editor at the Financial Times and a former economist for the Bank of English,resists this kind of reduction in "False Economy," a thorough examination of economies from the age of empire to the age of the IMF. Cf. recent blogs on IMF at www,blogger.com several days ago.
Standing proudly against psychology, dialectical materialism and inevitability, Beattle writes, "History is not determined by fate...it is determined by people." I concur in toto as shown in "Keys for Economic Understanding." He insists that it is not destiny but the right and wrong decisions by political leaders that cause societies to rise and fall. Leaders in economics got involved as well.
Beattle's analysis dazzles with particulars: He explains why Africa doesn't grow cocaine (poor infrastructure), why Peru grows most of the asparagus consumed in the US(good lobbyists), I would point out the Law of Comparative Advantage. Why pandas (whose diet is almost exclusively bamboo) Pandas are well-liked by children and adults alike in China, USA and in nations in the world. Why? the Combo of the Black and the White colors from China as a clear indicator of the rise of China.
A lover of Adam Smith's invisible hand, Beattle criticizes protectionist mollycoddling of inefficient industries. Adam Smith was a professor of moral philosophy. But despite his generally conservative outlook, his far-reaching history is grounded in a curiously Obama-esque, populist belief that open markets guided by modest, business-friendly policies can guide us through the current economic downturn - that, as Shakespeare out it, "our remedies oft in ourselves do lie." President Obama has received high approval so far.
Here I would like to reiterate the newly coined word of "Lingonomics" for rhetorical desiderata.
Francis Shieh aka Xie Shihao, an octogenarian student of economics wishing to share with readers for the current state of economics as empirical evidence of the worth or dearth of any shape and form of economics.
Sunday, April 26 2009 at 2.08 p.m.
Pop social science - think Steven Levitt and Steven Dubner's "Freakonomics" is tricky. Authors risk sacrificing the intricacies of scholarship in the service of reader-friendly anecdotes.
Alan Beattle, the world-trade editor at the Financial Times and a former economist for the Bank of English,resists this kind of reduction in "False Economy," a thorough examination of economies from the age of empire to the age of the IMF. Cf. recent blogs on IMF at www,blogger.com several days ago.
Standing proudly against psychology, dialectical materialism and inevitability, Beattle writes, "History is not determined by fate...it is determined by people." I concur in toto as shown in "Keys for Economic Understanding." He insists that it is not destiny but the right and wrong decisions by political leaders that cause societies to rise and fall. Leaders in economics got involved as well.
Beattle's analysis dazzles with particulars: He explains why Africa doesn't grow cocaine (poor infrastructure), why Peru grows most of the asparagus consumed in the US(good lobbyists), I would point out the Law of Comparative Advantage. Why pandas (whose diet is almost exclusively bamboo) Pandas are well-liked by children and adults alike in China, USA and in nations in the world. Why? the Combo of the Black and the White colors from China as a clear indicator of the rise of China.
A lover of Adam Smith's invisible hand, Beattle criticizes protectionist mollycoddling of inefficient industries. Adam Smith was a professor of moral philosophy. But despite his generally conservative outlook, his far-reaching history is grounded in a curiously Obama-esque, populist belief that open markets guided by modest, business-friendly policies can guide us through the current economic downturn - that, as Shakespeare out it, "our remedies oft in ourselves do lie." President Obama has received high approval so far.
Here I would like to reiterate the newly coined word of "Lingonomics" for rhetorical desiderata.
Francis Shieh aka Xie Shihao, an octogenarian student of economics wishing to share with readers for the current state of economics as empirical evidence of the worth or dearth of any shape and form of economics.
Sunday, April 26 2009 at 2.08 p.m.
"The Subprime Solution" by Robert J. Shiller 2008 et al
The author is a professor of economics at Yale University and the book is published by Press.princeton.edu $16.95
Prof. Shiller blames the irrational exuberance as our economic culture and drove the economy's two most recent bubble in stocks in the 1990s and in housing between 2000 and 2007.
The bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as inter-connected global credit crunch.
His first mentor, the late Prof. F. Modigliani taught him about social purpose in economics. I sent the same rationale of Socio-Economics to www.blogger.com to that effect.
The crisis has set in motion fundamental societal changes that affect our consumer habits, our values, our relatedness to each other. Consequently,the social fabric and rugged individualism as our psyches has been more evident as I have noted as well.
Mistakes of former FED chairman Alan Greenspan was pointed out by Professor John K. Galbraith in "Keys to Economic Understanding" in 1976 with his insightful vision.
On page 63, emerging nation like China has captured the imagination of speculators in the markets of gold and other metals. On Page 82, the city of Dongtan with no conventional cars, is being built on the island just off the coast of Shanghai by Britith firm to be completed in 2050 in anticipation of half a million residents.
"Foreign Affairs" magazine May and June 2009 issue with the cover of "The China Challenge" without in-depth studies of Chinese culture. It is a political focus from researchers at Council of Foreign Relations. Perhaps the authors should stress Sino-American Economics to realize the desiderata of two nations in the 21st century.
Francis Shieh aka Xie Shihao with keen interest of positive and constructive economic relations of USA and China in the days to come.
Sunday,April 26, 2009 at 1.32 p.m.
Prof. Shiller blames the irrational exuberance as our economic culture and drove the economy's two most recent bubble in stocks in the 1990s and in housing between 2000 and 2007.
The bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as inter-connected global credit crunch.
His first mentor, the late Prof. F. Modigliani taught him about social purpose in economics. I sent the same rationale of Socio-Economics to www.blogger.com to that effect.
The crisis has set in motion fundamental societal changes that affect our consumer habits, our values, our relatedness to each other. Consequently,the social fabric and rugged individualism as our psyches has been more evident as I have noted as well.
Mistakes of former FED chairman Alan Greenspan was pointed out by Professor John K. Galbraith in "Keys to Economic Understanding" in 1976 with his insightful vision.
On page 63, emerging nation like China has captured the imagination of speculators in the markets of gold and other metals. On Page 82, the city of Dongtan with no conventional cars, is being built on the island just off the coast of Shanghai by Britith firm to be completed in 2050 in anticipation of half a million residents.
"Foreign Affairs" magazine May and June 2009 issue with the cover of "The China Challenge" without in-depth studies of Chinese culture. It is a political focus from researchers at Council of Foreign Relations. Perhaps the authors should stress Sino-American Economics to realize the desiderata of two nations in the 21st century.
Francis Shieh aka Xie Shihao with keen interest of positive and constructive economic relations of USA and China in the days to come.
Sunday,April 26, 2009 at 1.32 p.m.
A bolder IMF, bigger role for China:WashPost,4/26/09
On page A5 of Washington Post,April 26, 2009:
Global financial chiefs agreed to reshape the IMF, moving to broaden its mission and accelerate plans to give developing giants including China, Brazil and India more say within the institutions.
The fund, the IMFCommittee said may also consider market borrowing to increase its resources. IMF will issue bonds similar to US Treasury bills. That would provide new ways for developing giants such as China to invest in the fund, the IMF and China are close to agreeing on a deal in excess of $40 billion.
Here is empirical evidence to monitor economics in action for globalization to resolve economic crisis from recession to recovery soon.
Francis Shieh aka Xie Shihao is watching such happening with interest and to share such developments with readers.
April 26, 2009 at 9.18 a.m.
Global financial chiefs agreed to reshape the IMF, moving to broaden its mission and accelerate plans to give developing giants including China, Brazil and India more say within the institutions.
The fund, the IMFCommittee said may also consider market borrowing to increase its resources. IMF will issue bonds similar to US Treasury bills. That would provide new ways for developing giants such as China to invest in the fund, the IMF and China are close to agreeing on a deal in excess of $40 billion.
Here is empirical evidence to monitor economics in action for globalization to resolve economic crisis from recession to recovery soon.
Francis Shieh aka Xie Shihao is watching such happening with interest and to share such developments with readers.
April 26, 2009 at 9.18 a.m.
President Obama endorses the role of community colleges in USA
President Obama's call for higher education for all Americans is doable:
The United States began building higher education capacity in 1947, when the Truman Commission established the concept of universal access to higher education and created open admissions community colleges. I arrived in the USA in 1947 to pursue my graduate studies at the University of San Francisco and Georgetown University Graduate School. I do remember such historical pronouncement very well.
The 1965 Higher Education Act established financial aid and I taught Economics at Glendale College in California with my California teaching credential in 1961.
These actions resulted in a post-secondary education system that guarantees access to all. No other nation has such infrastructure in educational system.
All Americans, young or old, can use community colleges to upgrade their skills or obtain an Associate Degree. This existing system can be used to retrain workers for better jobs to supply the demand of a changing society. We can easily detect such significance for economic recovery from recession via training for displaced workers to find new jobs. Such proper utilization of human resources is sine qua non for a competitive America.
The following works are dedicated to the above rationale as my modest contributions to USA and China for relevance during the economic crisis.
1, "Keys for Economic Understanding" (1971) www.Amazon.com for information.
2. "The Future of Community Colleges" published by the Congressional Record,July 18, 1974 as my vision in the 20th century for the 21st century.
3. "Keys to Economic Understanding"(1976) stressing technical education for para-professionals in the USA and in China as well in the 21st century.www.Amazon.com
4. "Work and Study Cycle Theory" is designed to enhance productivity. Such academic theory may be validated and implemented in USA and in China for training human resources for cooperation and collaboration apropos of Sino-American Economics. www.loc.gov Library of Congress online catalog for reference.
Francis Shieh aka Xie Shihao, a lifelong learner to witness positive economic development leading to peace on earth and goodwill toward all folks as the goal.
Sunday, April 26, 2009 at 6.50 a.m.
The United States began building higher education capacity in 1947, when the Truman Commission established the concept of universal access to higher education and created open admissions community colleges. I arrived in the USA in 1947 to pursue my graduate studies at the University of San Francisco and Georgetown University Graduate School. I do remember such historical pronouncement very well.
The 1965 Higher Education Act established financial aid and I taught Economics at Glendale College in California with my California teaching credential in 1961.
These actions resulted in a post-secondary education system that guarantees access to all. No other nation has such infrastructure in educational system.
All Americans, young or old, can use community colleges to upgrade their skills or obtain an Associate Degree. This existing system can be used to retrain workers for better jobs to supply the demand of a changing society. We can easily detect such significance for economic recovery from recession via training for displaced workers to find new jobs. Such proper utilization of human resources is sine qua non for a competitive America.
The following works are dedicated to the above rationale as my modest contributions to USA and China for relevance during the economic crisis.
1, "Keys for Economic Understanding" (1971) www.Amazon.com for information.
2. "The Future of Community Colleges" published by the Congressional Record,July 18, 1974 as my vision in the 20th century for the 21st century.
3. "Keys to Economic Understanding"(1976) stressing technical education for para-professionals in the USA and in China as well in the 21st century.www.Amazon.com
4. "Work and Study Cycle Theory" is designed to enhance productivity. Such academic theory may be validated and implemented in USA and in China for training human resources for cooperation and collaboration apropos of Sino-American Economics. www.loc.gov Library of Congress online catalog for reference.
Francis Shieh aka Xie Shihao, a lifelong learner to witness positive economic development leading to peace on earth and goodwill toward all folks as the goal.
Sunday, April 26, 2009 at 6.50 a.m.
Saturday, April 25, 2009
US-China Economics of Relief of Earthquake victims
Pacific Air Forces: Commander: Gen. Howie Chandler
Headquarters: Hickam AFB,Hawaii
Web address: www.pacaf.af.mil
Senior Captain Guan Youfei, Deputy Director of the Foreign Affairs Office of the Chinese Ministry of National Defense greets Maj. Anthony Davis,a C-17 pilot with the Hawaii National Guard's 204th Airlift Squadron at Hickam Air Force Base,Hawaii, after the delivery of US relief supplies. Major Davis piloted one of two C-17 US Globemaster aircraft which carried food, water containers, blankets, generators, lanterns and various hand tools. Secretary of Defense Robert Gates, in support of the US Department of State, authorized US Pacific Command to support earthquake relief efforts in the People's Republic of China.
Published by Airman with Photo. THE BOOK 2009
Francis Shieh aka Xie Shihao is delighted to read such good works of cooperation between the United States and China in the 21st century.
April 25, 2009 at 5.56 p.m.
Headquarters: Hickam AFB,Hawaii
Web address: www.pacaf.af.mil
Senior Captain Guan Youfei, Deputy Director of the Foreign Affairs Office of the Chinese Ministry of National Defense greets Maj. Anthony Davis,a C-17 pilot with the Hawaii National Guard's 204th Airlift Squadron at Hickam Air Force Base,Hawaii, after the delivery of US relief supplies. Major Davis piloted one of two C-17 US Globemaster aircraft which carried food, water containers, blankets, generators, lanterns and various hand tools. Secretary of Defense Robert Gates, in support of the US Department of State, authorized US Pacific Command to support earthquake relief efforts in the People's Republic of China.
Published by Airman with Photo. THE BOOK 2009
Francis Shieh aka Xie Shihao is delighted to read such good works of cooperation between the United States and China in the 21st century.
April 25, 2009 at 5.56 p.m.
USAToday,April 24-26, 2009 and WashPost,4/24/09 page A12
USAToday,April 24-26,09: Page 1A:
Public thinks highly of Obama: Obama has not only maintained robust approval ratings but also bolstered the sense that he is a strong and decisive leader who can manage the government effectively during a time of economic crisis. I have been supporting Obama before November election and voted for Obama.
Americans rethink their must-haves: A professor of Commerce says "We're still a very materialistic society but there has been a sort of small trend toward being a little bit more introspective about materialism and consumption.
The following formula is included in my lecture in Shanghai in 1981:
Paul Samuelson,MIT economics professor,the first American Nobel Laureate in Economics has a "Formula of Happiness" with "Material Consumption "over "Desire" in his textbook but I am inclined to add "Intellectual Pursuit,""Spiritual Satisfaction" and "Good Health" in the numerator of the "Formula for Happiness." Needless to say,the denominator is still "Desire." My vision is similar to the human behavior nowadays as cited above.
Page 7A: China Navy Marks 60 Years. The international fleet review included vessels from the US and 13 other nations as I sent my prior blogs. China is joining the international community in military exercises for peace.
Page 3B: Gold prices move opposite the value of the US Dollar as I have maintained the intrinsic value of precious metal such as gold,silver and copper.
Washington Post,April 24, 2009 page A12:
Taiwanm, China to meet for talks this weekend re agreements on banking,expanded flights to be concluded. President Ma's policy is to lower tension with mainland by focusing on practical business issues.
Such better relations would be in the best interest of USA for peace and economic development in cross-strait relations in East Asia.
Francis Shieh aka Xie Shihao,an advocate for peace and economic development apropos of globalization in the 21st century. April 25, 2009 at 2.28 p.m.
Public thinks highly of Obama: Obama has not only maintained robust approval ratings but also bolstered the sense that he is a strong and decisive leader who can manage the government effectively during a time of economic crisis. I have been supporting Obama before November election and voted for Obama.
Americans rethink their must-haves: A professor of Commerce says "We're still a very materialistic society but there has been a sort of small trend toward being a little bit more introspective about materialism and consumption.
The following formula is included in my lecture in Shanghai in 1981:
Paul Samuelson,MIT economics professor,the first American Nobel Laureate in Economics has a "Formula of Happiness" with "Material Consumption "over "Desire" in his textbook but I am inclined to add "Intellectual Pursuit,""Spiritual Satisfaction" and "Good Health" in the numerator of the "Formula for Happiness." Needless to say,the denominator is still "Desire." My vision is similar to the human behavior nowadays as cited above.
Page 7A: China Navy Marks 60 Years. The international fleet review included vessels from the US and 13 other nations as I sent my prior blogs. China is joining the international community in military exercises for peace.
Page 3B: Gold prices move opposite the value of the US Dollar as I have maintained the intrinsic value of precious metal such as gold,silver and copper.
Washington Post,April 24, 2009 page A12:
Taiwanm, China to meet for talks this weekend re agreements on banking,expanded flights to be concluded. President Ma's policy is to lower tension with mainland by focusing on practical business issues.
Such better relations would be in the best interest of USA for peace and economic development in cross-strait relations in East Asia.
Francis Shieh aka Xie Shihao,an advocate for peace and economic development apropos of globalization in the 21st century. April 25, 2009 at 2.28 p.m.
Washington Post,April 25, 2009 page A10
Finance Chiefs show optimism, prod China:
"Notably, the finance ministers suggested that China should move toward a more flexible exchange rate, effectively acknowledging views by the US and other Western nations that the Chinese have been keeping their currentcy artifically weak to boost exports."
However, US Treasury Secretary refused to call China as a currency manipulator. Such judgment was released by media several days ago. It is the fact that global consumers including consumers in USA prefer to purchase Chinese products thereby causing trade deficits in the past years. However,according to news release from Hong Kong Phoenix TV dated April 25th,China will spend several US billions Dollars to purchase American products to lower the trade deficits in favor of USA.
Trade is a two-way street and the Law of Comparative Advantage should be understood for all concerned as a matter of mutual benefit.
Francis Shieh aka Xie Shihao on Saturday, April 25, 2009 at 10.32 a.m.
"Notably, the finance ministers suggested that China should move toward a more flexible exchange rate, effectively acknowledging views by the US and other Western nations that the Chinese have been keeping their currentcy artifically weak to boost exports."
However, US Treasury Secretary refused to call China as a currency manipulator. Such judgment was released by media several days ago. It is the fact that global consumers including consumers in USA prefer to purchase Chinese products thereby causing trade deficits in the past years. However,according to news release from Hong Kong Phoenix TV dated April 25th,China will spend several US billions Dollars to purchase American products to lower the trade deficits in favor of USA.
Trade is a two-way street and the Law of Comparative Advantage should be understood for all concerned as a matter of mutual benefit.
Francis Shieh aka Xie Shihao on Saturday, April 25, 2009 at 10.32 a.m.
Friday, April 24, 2009
Thoughts for IMF meetings this weekend in Washington
Our common mission is to sustain the world's most capable human resources with best business practices, ensuring fiscal,monetary and humanpower stewardship and focusing on our top priority as sine qua non to provide ways and means for global economic recovery.
Phoenix TV reports do complement and augment many nations' admirable naval display which ranges from science,technology, humanities and social sciences in logistics for modernization effort.
In the nuclear age of the 21st century,the ultimate search is the cooperation and collaboration of nations for economic development regardless of frictions in the upcoming days,weeks,months and years. Economic development is dedicated to peoples in all nations for better living on earth without ideology.
The commitment of nations for continuous improvement is desiderata to meet the challenge of our times with thoughts of humankind.
Francis Shieh aka Xie Shihao wishing the leaders of the world to love the folks on earth as fellow human beings striving for economic survival nowadays.
April 24, 2009 at 6.06 a.m.
Phoenix TV reports do complement and augment many nations' admirable naval display which ranges from science,technology, humanities and social sciences in logistics for modernization effort.
In the nuclear age of the 21st century,the ultimate search is the cooperation and collaboration of nations for economic development regardless of frictions in the upcoming days,weeks,months and years. Economic development is dedicated to peoples in all nations for better living on earth without ideology.
The commitment of nations for continuous improvement is desiderata to meet the challenge of our times with thoughts of humankind.
Francis Shieh aka Xie Shihao wishing the leaders of the world to love the folks on earth as fellow human beings striving for economic survival nowadays.
April 24, 2009 at 6.06 a.m.
Thursday, April 23, 2009
Hong Kong Phoenix TV News Reports to stay ahead
1. Sino-American Military Exchanges as agreed by President Obama and President Hu. Such arrangement may be attributable to the recommendation by researcher from the RAND Corporation decades ago. Economist Richard Moorsteen published "Remarking China Policy" Harvard University Press,1971 with such vision. "A Glimpse of the Chinese Language" was published in 1965 with the same thought on page 8. Such work is available free of charge at www.rand.org via PDF format.
2. China's Navy to observe 60th anniversary in Qingdao,Shandong Province with joint exercises of other nations as an impressive event for public viewing.
3. Business folks are promoting international businesses for trade to honor the Law of comparative advantage in economics. Trade is a matter of mutual benefit of all nations.
Francis Shieh aka Xie Shihao watching TV and reading papers to stay informed as a student of economics for global understanding.
Thursday, April 23, 2009 at 6.10 a.m.
2. China's Navy to observe 60th anniversary in Qingdao,Shandong Province with joint exercises of other nations as an impressive event for public viewing.
3. Business folks are promoting international businesses for trade to honor the Law of comparative advantage in economics. Trade is a matter of mutual benefit of all nations.
Francis Shieh aka Xie Shihao watching TV and reading papers to stay informed as a student of economics for global understanding.
Thursday, April 23, 2009 at 6.10 a.m.
Wednesday, April 22, 2009
Earth Day, 2009, April 22nd with thoughts for all
Earth Day: Better one handful with tranquility than two handfuls with toil and chasing after the wind. Words for reflection.
News from Phoenix TV:
1. Shanghai Auto Exhibits with international dimension. Why? Sales potential?
2. EU tries to sell agricultural products to China. Business in the making?
3. Hong Kong residents may visit Russia without visa. Folks can afford to spend money in Russia.
The above blog is sent to www.blogger.com for the readers of Sino-American Economics to know economics in action.
Francis Shieh aka Xie Shihao sharing current events to stay informed.
April 22, 2009 at 6.08 a.m.
News from Phoenix TV:
1. Shanghai Auto Exhibits with international dimension. Why? Sales potential?
2. EU tries to sell agricultural products to China. Business in the making?
3. Hong Kong residents may visit Russia without visa. Folks can afford to spend money in Russia.
The above blog is sent to www.blogger.com for the readers of Sino-American Economics to know economics in action.
Francis Shieh aka Xie Shihao sharing current events to stay informed.
April 22, 2009 at 6.08 a.m.
Tuesday, April 21, 2009
U.N. launches world's knowledge thru library science
Washington Post,April 21, 2009 on page A10:
The World Digital Library which officially will be inaugurated Tuesday at the Paris headquarters of UNESCO (UN Educational,Scientific and Cultural Organization), has started small, with about 1,200 documents and their explanations from scholars in Arabic, Chinese,English,French,Spanish, Russian and Portuguese in 7 languages for students around the world.
There are 6 official languages of the United Nations: Arabic,Chinese, English, French, Spanish and Russian.
"A Glimpse of the Chinese Language" is hereby dedicated to spread the knowledge of Chinese to the world in the 21st century. Available free of charge online at www.rand.org via PDF format.
Francis Shieh aka Xie Shihao,a promoter for better understanding via global languages www.Dictyon.net online for reference.
April 21, 2009 at 11.56 a.m.
The World Digital Library which officially will be inaugurated Tuesday at the Paris headquarters of UNESCO (UN Educational,Scientific and Cultural Organization), has started small, with about 1,200 documents and their explanations from scholars in Arabic, Chinese,English,French,Spanish, Russian and Portuguese in 7 languages for students around the world.
There are 6 official languages of the United Nations: Arabic,Chinese, English, French, Spanish and Russian.
"A Glimpse of the Chinese Language" is hereby dedicated to spread the knowledge of Chinese to the world in the 21st century. Available free of charge online at www.rand.org via PDF format.
Francis Shieh aka Xie Shihao,a promoter for better understanding via global languages www.Dictyon.net online for reference.
April 21, 2009 at 11.56 a.m.
Washington Post,April 21,09 page A24: a distorted Ad.
A distortion to mislead the general public but I believe readers with insights would see the truth behind such Advertisement. A Priori(from cause to effect) OR A Posteriori(from effect to cause) for online folks to ponder and reflect with your own judgment. The following points or pointers are dedicated to YOU for your volition.
1. American consumers have the right to purchase products from China at their own decision due to less cost for their own budget. Such has been the reason for trade deficits accumulating over $1.5 trillion in US currency reserves for foreign exchanges. "Over the last decade, our trade deficit with China has increased more than 300% to over $250 billion each year." as published in the Advertisement.
Secretary of Treasury Timothy F. Geithner refused to name China as a currency manipulator as reported in the media several days ago.REASON: He understands the true facts for the best interest of USA.
2. China continues to purchase US Government securities as a friendly nation to promote positive Sino-American economics in the 21st century.
Secretary of State Hillary Rodham Clinton is aware of the realities as she visited China in February this year to stress cooperation of two nations in her official statement for the best interest of USA.
3. Both USA and China are members of the Security Council of the United Nations and members of G20 under IMF's goal to try to resolve global financial crisis in London in April this year.
Francis Shieh aka Xie Shihao, a lifelong student of economics since 1940s to witness proper US-China economic relations on both sides of the Pacific for mutual benefits in the days to come.
It is good to learn Secretary of Commerce Gary Locke and Secretary of Energy Steven Chu play a significant role for the best interest of America under Obama administration.
I have reason to believe that Commerce and Energy are two important ares to make contributions for the wellbeing of American people in the global context.
Tuesday, April 21, 2009 at 8.52 a.m.
1. American consumers have the right to purchase products from China at their own decision due to less cost for their own budget. Such has been the reason for trade deficits accumulating over $1.5 trillion in US currency reserves for foreign exchanges. "Over the last decade, our trade deficit with China has increased more than 300% to over $250 billion each year." as published in the Advertisement.
Secretary of Treasury Timothy F. Geithner refused to name China as a currency manipulator as reported in the media several days ago.REASON: He understands the true facts for the best interest of USA.
2. China continues to purchase US Government securities as a friendly nation to promote positive Sino-American economics in the 21st century.
Secretary of State Hillary Rodham Clinton is aware of the realities as she visited China in February this year to stress cooperation of two nations in her official statement for the best interest of USA.
3. Both USA and China are members of the Security Council of the United Nations and members of G20 under IMF's goal to try to resolve global financial crisis in London in April this year.
Francis Shieh aka Xie Shihao, a lifelong student of economics since 1940s to witness proper US-China economic relations on both sides of the Pacific for mutual benefits in the days to come.
It is good to learn Secretary of Commerce Gary Locke and Secretary of Energy Steven Chu play a significant role for the best interest of America under Obama administration.
I have reason to believe that Commerce and Energy are two important ares to make contributions for the wellbeing of American people in the global context.
Tuesday, April 21, 2009 at 8.52 a.m.
Monday, April 20, 2009
"Jingjixue" Revisited:" Undercover Economics" et al
"Undercover Economics" Oxford University Press 2006. It sounds surreptitious and clandestine from the very title. Well,it is "Lingonomics" with Gobbledygook!
"Freakonomics" By a professor of Economics at the University of Chicago who adds more zest for fun and joy in learning the compound-complex magnitude of Economics.
"Keys for Economic Understanding" with focus on the factor of labor through training to enhance productivity for economic development. www.Ask.com for reference.
A native of Shanghai is now teaching a short course of Wu dialect with pleasure. www.Dictyon.net
A Priori(cause to effect) Students have studied Mandarin Chinese with facilities of vocabulary and syntax to improve his/her faculty to study Wu dialect.
A Posteriori:(effect to cause) Easier understanding of Wu is attributable to prior knowledge of Mandarin but mellifluous tones of some peculiar expressions re Wu dialect with Shanghai accent.
My passion may be detected from "Lingonomics" i.e. Chinese language via Mandarin and Wu dialect to challenge visiting guests who would be interested in Economics to communicate with people in China for Expo 2010 in Shanghai.
Francis Shieh aka Xie Shihao on Monday,April 20, 2009 at 8.32 p.m.
"Freakonomics" By a professor of Economics at the University of Chicago who adds more zest for fun and joy in learning the compound-complex magnitude of Economics.
"Keys for Economic Understanding" with focus on the factor of labor through training to enhance productivity for economic development. www.Ask.com for reference.
A native of Shanghai is now teaching a short course of Wu dialect with pleasure. www.Dictyon.net
A Priori(cause to effect) Students have studied Mandarin Chinese with facilities of vocabulary and syntax to improve his/her faculty to study Wu dialect.
A Posteriori:(effect to cause) Easier understanding of Wu is attributable to prior knowledge of Mandarin but mellifluous tones of some peculiar expressions re Wu dialect with Shanghai accent.
My passion may be detected from "Lingonomics" i.e. Chinese language via Mandarin and Wu dialect to challenge visiting guests who would be interested in Economics to communicate with people in China for Expo 2010 in Shanghai.
Francis Shieh aka Xie Shihao on Monday,April 20, 2009 at 8.32 p.m.
Saturday, April 18, 2009
What's Made in the USA: Parade.com/Intel,April 19,09
On page 10 in Parade Magazine:
America still produces more goods than any other country - $1.6 trillion worth, according to the federal Bureau of Economic Analysis. While some analysts predict that China will soon overtake the US as the world's leading producer, America currently accounts for about 20% of all manufacturing output. "We are losinig world market share relative to consumer goods, but we continue to have a fairly strong hold on higher-end paroducts like machinery, capital equipment, tractors, and aircraft, as well as chemicals and food," says Thomas Runiewicz, an economist with IHS Global Insight. Here are the top US products: -
Chemical products including pharmaceuticals, cosmetics, soaps, paints,and fertilizers Worth $250 billion in 2007, up from $174 billion in 2002.
Transportation equipment including motor vehicles and parts, aerospeace products, trains, and ships Worth $195 billion in 2007, up from $189 billion in 2002.
Precessed food, beverage,and tobacco products including cookies,coffee, cigarettees, and prepared meals. Worth $175 billion in 2007,up from $173 billion in 2002.
Computers and electronics including computer peripherals and communications equipment Worth $146 billion in 2007, up from $124 billion in 2002.
Page 23 Cartoon Parade:
In a hospital: "Now, instead of slapping newborns, we just show them their share of the national debt." The nurse in the maternity ward told the parents while the MD was presiding after a baby was born.
Francis Shieh aka Xie Shihao wishing to share such information to online readers of Sino-American Economics on Saturday,April 18, 2009.
America still produces more goods than any other country - $1.6 trillion worth, according to the federal Bureau of Economic Analysis. While some analysts predict that China will soon overtake the US as the world's leading producer, America currently accounts for about 20% of all manufacturing output. "We are losinig world market share relative to consumer goods, but we continue to have a fairly strong hold on higher-end paroducts like machinery, capital equipment, tractors, and aircraft, as well as chemicals and food," says Thomas Runiewicz, an economist with IHS Global Insight. Here are the top US products: -
Chemical products including pharmaceuticals, cosmetics, soaps, paints,and fertilizers Worth $250 billion in 2007, up from $174 billion in 2002.
Transportation equipment including motor vehicles and parts, aerospeace products, trains, and ships Worth $195 billion in 2007, up from $189 billion in 2002.
Precessed food, beverage,and tobacco products including cookies,coffee, cigarettees, and prepared meals. Worth $175 billion in 2007,up from $173 billion in 2002.
Computers and electronics including computer peripherals and communications equipment Worth $146 billion in 2007, up from $124 billion in 2002.
Page 23 Cartoon Parade:
In a hospital: "Now, instead of slapping newborns, we just show them their share of the national debt." The nurse in the maternity ward told the parents while the MD was presiding after a baby was born.
Francis Shieh aka Xie Shihao wishing to share such information to online readers of Sino-American Economics on Saturday,April 18, 2009.
Tax Rhetoric Vs Reality:" Lingonomics" again?
USA Today,April 17, 09 on page 8A:
It is unsustainable for the natin to continue spending for more than it is taking in, a mismatch perpetuated by both parties,i.e. Republicans and Democrats.
A new Gallop Poll shows that most people think they pay about the right amount of taxes.
The tax code is absurdly complicated and riddled with favors to special interests so President Obama is on the right track to Congress to make changes before end of this year.
Business Week, April 27, 2009 issue front cover: What Good Are Economists,Anyway?
There is no exactitude for predictiojn.
Page 006: China purchase revved, up again as the trade surplus jimped to $18.6 billion in March from $6.8 billion in February 2009.
Page 012: Larry Summers and President Obama have positive scenarios as evidence of political necessity of "Lingonomics."
Page 028,030,031: Scholar Nassin Taleb sayss s"We have to build a society that doesn't depend on forecasts by idiotic economists. I sent my blogs repeatedly to cite Professor John K. Galbraith. "There are those who don't know and those who don't know they don't know. re economic forecast.
Paul Widmoelt" a quantitative finance expert says:"Economists' models are just aweful,they comletely forget how important the human element is"
As I sent my prior blogs,behavioral economics is significant to economic growth since human beings are the ingredients in any human society relating to the lifestyles of the folks in nations. Moreover,Lingonomics must be taken into consideration since language is the means of communication in Lingonomics. I did compare note with Arthur F. Burns re Humanpower policy because fiscal policy and monetary policy cannot operate in a vacuum. Human lifestyle is most important to a nation for positive or negative scenarios.
Francis Shieh aka Xie Shihao,a lifelong student to study human behavior since my arrival in the United States in 1947 but I am still searching online...
April 18, 2009 at 3.26 p.m.
There is no clear-cut answers to macroeconomic problems such as inflation,unemploment,fiscal policy,monetary policy ands economic growth.
It is unsustainable for the natin to continue spending for more than it is taking in, a mismatch perpetuated by both parties,i.e. Republicans and Democrats.
A new Gallop Poll shows that most people think they pay about the right amount of taxes.
The tax code is absurdly complicated and riddled with favors to special interests so President Obama is on the right track to Congress to make changes before end of this year.
Business Week, April 27, 2009 issue front cover: What Good Are Economists,Anyway?
There is no exactitude for predictiojn.
Page 006: China purchase revved, up again as the trade surplus jimped to $18.6 billion in March from $6.8 billion in February 2009.
Page 012: Larry Summers and President Obama have positive scenarios as evidence of political necessity of "Lingonomics."
Page 028,030,031: Scholar Nassin Taleb sayss s"We have to build a society that doesn't depend on forecasts by idiotic economists. I sent my blogs repeatedly to cite Professor John K. Galbraith. "There are those who don't know and those who don't know they don't know. re economic forecast.
Paul Widmoelt" a quantitative finance expert says:"Economists' models are just aweful,they comletely forget how important the human element is"
As I sent my prior blogs,behavioral economics is significant to economic growth since human beings are the ingredients in any human society relating to the lifestyles of the folks in nations. Moreover,Lingonomics must be taken into consideration since language is the means of communication in Lingonomics. I did compare note with Arthur F. Burns re Humanpower policy because fiscal policy and monetary policy cannot operate in a vacuum. Human lifestyle is most important to a nation for positive or negative scenarios.
Francis Shieh aka Xie Shihao,a lifelong student to study human behavior since my arrival in the United States in 1947 but I am still searching online...
April 18, 2009 at 3.26 p.m.
There is no clear-cut answers to macroeconomic problems such as inflation,unemploment,fiscal policy,monetary policy ands economic growth.
Economics in all fields of endeavor with interesting thoughts
Washington Post, April 18, 2009 on pages A1 Headline,A12:
Psychologists Helped Guide Interrogations: Ethicists outraged over psychologists' work in secret prisons. Frank Donaghue, chief executive of Physicians for Human Rights, an international advocacy group made up of physicians opposed to torture. "All psychologists and physicians found to be involved in the torture of detainees must lose their license and never be allowed to practice again."
The American Psychological Association has condemned any participation by its members in interrogations involving torture, but critics of the organization faulted it for failing to censure members involved in harsh interrogations.
Page A14: Patricia Former wrote to the Editor: The United States is beholden to China for trade and for covering America's debt.
Page A8: President Obama said: "I think it is important to recognize, given historical suspicions, that the US policy should not be inteference in other countries." Cf. "Remaking China Policy" by economist Richard Moorsteen of the RAND Corporation,published by Harvard University Press in 1971 with a vision of former President Bush's visit in China today for a conference as per the Radio Broadcast and the visit by President Obama to China in the Fall this year
In March 2009 issue of Armed Forces Journal,Loren Thompson published "America's Economic Decline": -
The problem is not just a severe cyclical downturn caused by excesses in the housing market. The economy is undergoing a more profound, secular erosion that has resulted in it giving up a little more of its share of global output every year in this decade, in much the same way that General Motors and Ford have gradually yielded share in the domestic auto market. When the current decade began, America generated nearly a third of world output. By the time it ends,America will claim barely a quarter. Optimists such as Fareed Zakaria of NEWSWEEK describe this trend as the rise of the rest,but it might just as easily be called the decline of the West,especially America.
Thomas Fingar,predicted that the international system would be transformed over the next 15 years in much the say way that it was remade after World War II. But unlike during the Cold War,when America rose to unrivaled supremacy, Fingar's study predicted it would be China that had the most influence on global politics and economics in the years ahead. The US would probably remain the single most powerful nation in the near term,Fingar concluded,but in relative terms,China would be rising fast, and America would be declining. "Every 60 years the world revolves" as the Chinese saying goes! "Liu shi nian feng shui luan liu zhuan" in Pin Yin sytem of romanization. Cf."A Glimpse of the Chinese Language" available free of charge via pdf format at www.rand.org for reference.
Let us look at the empirical evidence in the days to come as witnesses of such transformation re globalization apropos of political economy in the 21st century.
Former Deputy Treasury Secretary Robert Altman rendered a similar verdict in Foreign Affairs keyed to the credit market collapse. Altman warned that the unfolding financial crisis is a major geopolitical setback for the United States in Europe, and predicted it would accelerate trends that are shifting the world's center of gravity away from the United States. He too saw China as a rising power poised to capitalize on America's decline.
In BoAu,Hainan Province,the Asian leaders are having a significant conference to such effect. I watched Phoenix TV in Hong Kong with up-to-date information of on-going happenings in Asia to be reflected in the world.
According to "Duowei Times,"March 27, 2009 issue on page A3: New York University Economics Professor Robini published an article in the FORBES magazine pointing out the danger of financial crisis as a nation of cheaters("Pianzi" in Pin Yin with fraud.(sic) Such drastic hyperbole needs to be re-assessed in light of globalization and the role of USA as a leading nation in world affairs. "The King has no cloths on but we are still swimming with naked bodies. Look at the mirror,we are all cheaters to some ways in different degrees" Such humorous analogy is to be laughed off. Laughter begets longevity so we can all become centenarians. Hehehahahoho all the way for good health as sine qua non in economic wellbeing.
Francis Shieh aka Xie Shihao,a graduate student from China in 1947 studying all shapes and forms of the subject of economics in USA and China, sharing knowledge with online readers of Sino-American Economics in global context.
Saturday,April 18, 2009 at 10.20 a.m. in USA.
Psychologists Helped Guide Interrogations: Ethicists outraged over psychologists' work in secret prisons. Frank Donaghue, chief executive of Physicians for Human Rights, an international advocacy group made up of physicians opposed to torture. "All psychologists and physicians found to be involved in the torture of detainees must lose their license and never be allowed to practice again."
The American Psychological Association has condemned any participation by its members in interrogations involving torture, but critics of the organization faulted it for failing to censure members involved in harsh interrogations.
Page A14: Patricia Former wrote to the Editor: The United States is beholden to China for trade and for covering America's debt.
Page A8: President Obama said: "I think it is important to recognize, given historical suspicions, that the US policy should not be inteference in other countries." Cf. "Remaking China Policy" by economist Richard Moorsteen of the RAND Corporation,published by Harvard University Press in 1971 with a vision of former President Bush's visit in China today for a conference as per the Radio Broadcast and the visit by President Obama to China in the Fall this year
In March 2009 issue of Armed Forces Journal,Loren Thompson published "America's Economic Decline": -
The problem is not just a severe cyclical downturn caused by excesses in the housing market. The economy is undergoing a more profound, secular erosion that has resulted in it giving up a little more of its share of global output every year in this decade, in much the same way that General Motors and Ford have gradually yielded share in the domestic auto market. When the current decade began, America generated nearly a third of world output. By the time it ends,America will claim barely a quarter. Optimists such as Fareed Zakaria of NEWSWEEK describe this trend as the rise of the rest,but it might just as easily be called the decline of the West,especially America.
Thomas Fingar,predicted that the international system would be transformed over the next 15 years in much the say way that it was remade after World War II. But unlike during the Cold War,when America rose to unrivaled supremacy, Fingar's study predicted it would be China that had the most influence on global politics and economics in the years ahead. The US would probably remain the single most powerful nation in the near term,Fingar concluded,but in relative terms,China would be rising fast, and America would be declining. "Every 60 years the world revolves" as the Chinese saying goes! "Liu shi nian feng shui luan liu zhuan" in Pin Yin sytem of romanization. Cf."A Glimpse of the Chinese Language" available free of charge via pdf format at www.rand.org for reference.
Let us look at the empirical evidence in the days to come as witnesses of such transformation re globalization apropos of political economy in the 21st century.
Former Deputy Treasury Secretary Robert Altman rendered a similar verdict in Foreign Affairs keyed to the credit market collapse. Altman warned that the unfolding financial crisis is a major geopolitical setback for the United States in Europe, and predicted it would accelerate trends that are shifting the world's center of gravity away from the United States. He too saw China as a rising power poised to capitalize on America's decline.
In BoAu,Hainan Province,the Asian leaders are having a significant conference to such effect. I watched Phoenix TV in Hong Kong with up-to-date information of on-going happenings in Asia to be reflected in the world.
According to "Duowei Times,"March 27, 2009 issue on page A3: New York University Economics Professor Robini published an article in the FORBES magazine pointing out the danger of financial crisis as a nation of cheaters("Pianzi" in Pin Yin with fraud.(sic) Such drastic hyperbole needs to be re-assessed in light of globalization and the role of USA as a leading nation in world affairs. "The King has no cloths on but we are still swimming with naked bodies. Look at the mirror,we are all cheaters to some ways in different degrees" Such humorous analogy is to be laughed off. Laughter begets longevity so we can all become centenarians. Hehehahahoho all the way for good health as sine qua non in economic wellbeing.
Francis Shieh aka Xie Shihao,a graduate student from China in 1947 studying all shapes and forms of the subject of economics in USA and China, sharing knowledge with online readers of Sino-American Economics in global context.
Saturday,April 18, 2009 at 10.20 a.m. in USA.
Friday, April 17, 2009
sequel to Energy Secretary Steven Chu's views
America has more energy in the form of coal than the Middle East has oil, and coal creates electricity at one-third the cost of most other fuels. Coal is alerady responsible for generatinig nearly 50% of the electricity we use today, and we know that the affordable energy that coal provides keeps businesses competitive and creates jobs for American workers.
Clean Coal. Americaspower.org
Francis Shieh aka Xie Shihao sharihg such information with readers of Sino-American economics.
Friday,April 17, 2009 at 6.43 a.m.
Clean Coal. Americaspower.org
Francis Shieh aka Xie Shihao sharihg such information with readers of Sino-American economics.
Friday,April 17, 2009 at 6.43 a.m.
Thursday, April 16, 2009
WSJ & USAToday,April 16, 2009 with random thoughts
Wall Street Journal,April 16, 09 page A1:Australian Prime Minister Kevin Rudd, a Mandarin-speaking former diplomat in China has been abusively called a roving ambassador for Beijing by the political opposition party. Language may or may not influence human behavior. I love both Chinese and English languages but I believe I am still the same person in my ethnicity. Economics is economics in any nation on earth i.e. "Yi shi zhu ying" or Clothing,food,lodging and transportation as necessities of living in the modern world.
Australia is situated in Asia but shares with USA as an Engish-speaking nation with a bit English accent. When I was in Suzhou University and met people from Australia. They study Mandarin with no knowledge of the Wu dialect.(Shanghai)
Page D9: Asian art museum of San Francisco is organized by the Honolulu Academy of Arts through May 10, 2009. Honolulu, Hawaii is the midway to Asia in the Pacific as Paradise on earth. The Chinese expression goes: Above there is Heaven but below are Suzhou and Hangzhou with my paternal and material ancestry from family history.
USA Today,April 16, 2009 page 5D:
Marriage American style: Sociologist Andrew Cherlin of Johns Hopkins University says in his new book, The Marriage Go-Round that Americans marry more, have more live-in partners and divorce more frequently than in any other country. The values are independence and happiness for couples to stay together or break up derived from individual volition.
In China,young folks try to imitate the American style but most elderly folks would stay together according to the traditonal Chinese culture of life-long partnership.
Dog lovers or Cat lovers?: Some Common Interests to keep pets as kids for companionship: Sino-American Economics of Togetherness(sic):
It would be horrendous what happens to dogs and cats in some nations where they are treated like vermin and are cruelly exploited for their flesh and fur. It is a matter of economics for sale for money.
Many consumers look for labels of country origin and manufacturer and shop accordingly, but we will not see significant progress in animal welfare and protection in those cultures until there is progress in human rights and animal rights for a just and humane society in the 21st century or beyond?
Francis Shieh aka Xie Shihao on April 16, 2009 at 3.16 p.m.
Australia is situated in Asia but shares with USA as an Engish-speaking nation with a bit English accent. When I was in Suzhou University and met people from Australia. They study Mandarin with no knowledge of the Wu dialect.(Shanghai)
Page D9: Asian art museum of San Francisco is organized by the Honolulu Academy of Arts through May 10, 2009. Honolulu, Hawaii is the midway to Asia in the Pacific as Paradise on earth. The Chinese expression goes: Above there is Heaven but below are Suzhou and Hangzhou with my paternal and material ancestry from family history.
USA Today,April 16, 2009 page 5D:
Marriage American style: Sociologist Andrew Cherlin of Johns Hopkins University says in his new book, The Marriage Go-Round that Americans marry more, have more live-in partners and divorce more frequently than in any other country. The values are independence and happiness for couples to stay together or break up derived from individual volition.
In China,young folks try to imitate the American style but most elderly folks would stay together according to the traditonal Chinese culture of life-long partnership.
Dog lovers or Cat lovers?: Some Common Interests to keep pets as kids for companionship: Sino-American Economics of Togetherness(sic):
It would be horrendous what happens to dogs and cats in some nations where they are treated like vermin and are cruelly exploited for their flesh and fur. It is a matter of economics for sale for money.
Many consumers look for labels of country origin and manufacturer and shop accordingly, but we will not see significant progress in animal welfare and protection in those cultures until there is progress in human rights and animal rights for a just and humane society in the 21st century or beyond?
Francis Shieh aka Xie Shihao on April 16, 2009 at 3.16 p.m.
China is not a currency manipulator:WashPost,4/16
Washington Post, April 16, 2009, page A15:
The Obama administration Treasury Secretary Tim Geithner declines to call China a currency manipulator. Such rationale can be viewed by www.blogger.com in the past blogs for verification.
Tim Geithner said China had played a constructive role in the global downturn including advancing an economic stimulus package that was second in size only to the program the United States is pursuing. China is carrying out a $586 billion stimulus package to shield the nation from the global slump. USA had the largest stmulus package with the intent to change recession to recovery in the years to come.
Report from AP in Beijing, April 16 - China's economy grew at its slowest pace in a decade in the first quarter as the global financial crisis battered trade, but the performance was better than expected amid huge stimulus spending.
Page A14: Uncertainty about US economy adds clout to social cues: "Traditional economics assumes that we are all rational, that we approach things rationally,take in all the info and then weight it and make a decision," said Thomas Gilovich, a Cornell psychologist and co-director of the Center for BEHAVIORAL ECONOMICS AND DECISION RESEARCH. "To A BEHAVIORAL ECONOMIST THAT SEEMS CLEARLY UNTRUE."
Query: Can we measure human behavior with numbers as reliable data in economics?!
As I sent my prior blogs: Folks in China have different lifestyle and not to be compared with statistical data from the folks in USA. Therefore,China's economy depends on the behavior of the Chinese people.
Please ponder and reflect such realities to be relevant or otherwise re the future of Sino-American Economics.
"It is not the absolute money that you have, but the whole history of how you got it," said George Loewenstein, a professor of economics and psychology at Carnegie Mellon University. I do see the integration of economics and psychology for the economy of the US and China for recovery from the crisis in due course of time.
Francis Shieh aka Xie Shihao who is very much interested in the analysis of members of the academic community in the United States.
April 16, 2009 at 12.23 p.m.
The Obama administration Treasury Secretary Tim Geithner declines to call China a currency manipulator. Such rationale can be viewed by www.blogger.com in the past blogs for verification.
Tim Geithner said China had played a constructive role in the global downturn including advancing an economic stimulus package that was second in size only to the program the United States is pursuing. China is carrying out a $586 billion stimulus package to shield the nation from the global slump. USA had the largest stmulus package with the intent to change recession to recovery in the years to come.
Report from AP in Beijing, April 16 - China's economy grew at its slowest pace in a decade in the first quarter as the global financial crisis battered trade, but the performance was better than expected amid huge stimulus spending.
Page A14: Uncertainty about US economy adds clout to social cues: "Traditional economics assumes that we are all rational, that we approach things rationally,take in all the info and then weight it and make a decision," said Thomas Gilovich, a Cornell psychologist and co-director of the Center for BEHAVIORAL ECONOMICS AND DECISION RESEARCH. "To A BEHAVIORAL ECONOMIST THAT SEEMS CLEARLY UNTRUE."
Query: Can we measure human behavior with numbers as reliable data in economics?!
As I sent my prior blogs: Folks in China have different lifestyle and not to be compared with statistical data from the folks in USA. Therefore,China's economy depends on the behavior of the Chinese people.
Please ponder and reflect such realities to be relevant or otherwise re the future of Sino-American Economics.
"It is not the absolute money that you have, but the whole history of how you got it," said George Loewenstein, a professor of economics and psychology at Carnegie Mellon University. I do see the integration of economics and psychology for the economy of the US and China for recovery from the crisis in due course of time.
Francis Shieh aka Xie Shihao who is very much interested in the analysis of members of the academic community in the United States.
April 16, 2009 at 12.23 p.m.
Admiral Gary Roughead visits China soon
According to "New World Times" current issue,Admiral will visit China to join the celebration for 60th anniversary of Chinese Navy. Details will be released in due course of time. Such arrangement has been made by leaders of US and China.
Chief of Naval Operation Admiral Gary Roughead's priorities are to prevent war,dominate any threat and decisively defeat any adversary as published by Navy League of the United States. www.navyleague.org. page 6.
www.janes.com published news about President Ma Ying-jeou who is more favorable to the construction for renewal his pledge for peace with mainland China.
According to Phoenix TV news from Hong Kong,the evaluation re the feasibility of the bridge between Xiamen and Taiwan has been endorsed by the mayor of Xiamen and the leader from Taiwan. A delegation from Xiamen is now visiting the United States for goodwill. Xiamen University is known to overseas Chinese in southeast Asia to pursue studies in higher education.
Francis Shieh aka Xie Shihao is delighted to learn peace and economic development in cross-strait relations for the best interest of people of Chinese ethnicity. Needless to say,such positive development is to the best interest of the United States for peace in East Asia apropos of positive Sino-American economics.
April 16, 2009 at 6.22 a.m.
Chief of Naval Operation Admiral Gary Roughead's priorities are to prevent war,dominate any threat and decisively defeat any adversary as published by Navy League of the United States. www.navyleague.org. page 6.
www.janes.com published news about President Ma Ying-jeou who is more favorable to the construction for renewal his pledge for peace with mainland China.
According to Phoenix TV news from Hong Kong,the evaluation re the feasibility of the bridge between Xiamen and Taiwan has been endorsed by the mayor of Xiamen and the leader from Taiwan. A delegation from Xiamen is now visiting the United States for goodwill. Xiamen University is known to overseas Chinese in southeast Asia to pursue studies in higher education.
Francis Shieh aka Xie Shihao is delighted to learn peace and economic development in cross-strait relations for the best interest of people of Chinese ethnicity. Needless to say,such positive development is to the best interest of the United States for peace in East Asia apropos of positive Sino-American economics.
April 16, 2009 at 6.22 a.m.
Wednesday, April 15, 2009
USAToday,4/15,WashTimes,4.15,WSJ,4/14/09
USA Today,April 15, 2009 page 5A The somewhat pessimistic outlook by President Obama's major speech at Georgetown University was endorsed by Mark Zandi,chief economist at Moody's Economy.com.
Washington Times,April 15, 2009 page A12:
The World's freest market Hong Kong(SAR of China) remains resilient for a city of 7 million folks.
Hong Kong succeeds because of "can do spirit" Mr. Donald Tong,envoy to US said.
Well,We can all have "can do spirit" but we may not be folks in Hong Kong.
Wall Street Journal,April 14, 2009 page A10:
China issues plan to improve rights: The government aims by 2010 to create 18 million new jobs and transfer 18 million farmers out of rural areas,keeping unemployment rates in cities within 5%.
Page B5:
Shanghai - Royal Dutch Shell is in advanced talks with China National Petroleum Corporation and China Petrochemical firm on a joint bid to develop the Korkuk oil fields in Northern Iraq.
Well,energy problems must be resolved by leaders in China and in USA as well.
Steven Chu is the Secretary of Energy of the USA and we are watching his leadership in the days to come.
Francis Shieh aka Xie Shihao,Fulbright Senior Scholar,Hong Kong, 1989-1990.
April 15, 2009 at 2.05 p.m.
Washington Times,April 15, 2009 page A12:
The World's freest market Hong Kong(SAR of China) remains resilient for a city of 7 million folks.
Hong Kong succeeds because of "can do spirit" Mr. Donald Tong,envoy to US said.
Well,We can all have "can do spirit" but we may not be folks in Hong Kong.
Wall Street Journal,April 14, 2009 page A10:
China issues plan to improve rights: The government aims by 2010 to create 18 million new jobs and transfer 18 million farmers out of rural areas,keeping unemployment rates in cities within 5%.
Page B5:
Shanghai - Royal Dutch Shell is in advanced talks with China National Petroleum Corporation and China Petrochemical firm on a joint bid to develop the Korkuk oil fields in Northern Iraq.
Well,energy problems must be resolved by leaders in China and in USA as well.
Steven Chu is the Secretary of Energy of the USA and we are watching his leadership in the days to come.
Francis Shieh aka Xie Shihao,Fulbright Senior Scholar,Hong Kong, 1989-1990.
April 15, 2009 at 2.05 p.m.
Obama: Economy Gaining Traction:WashPost,4/15/09
Page A1,A16:
The president and the FED chairman voiced cautious optimism that the economy could be beginning to stabilize. But the economy was not cooperating. Such happening maybe a matter of transient situation or political necessity of official optimism? Readers can give views as freedom of thoughts!
The administration's actions are starting to generate signs of economic progress, the president said at Georgetown University,noting that some lending markets are recovering along with other sunny signs. President Obama garnered particular applause when he was critical of business practices on Wall Street.On page A12: The president challenged Congress to come up with an entirely new regulatory structure by the end of the year. Such is political economy in action for the wellbeing of the people of USA as I would envision with the same rationale. It is the economic principle of distribution of income and wealth in America.
The job market is likely to remain poor for many months. FED Chairman presses financial literacy for minorities. "Keys for Economic Understanding" is dedicated to minorities to get training to have a marketable skill to supply the demands of a changing America. The role of community colleges is significant from the approach of grassroots. "The Future of Community Colleges" was published by the Congressional Record,July 18, 1974 with such vision.
On page A7: President Obama plans to go to Latin America this week and will meet Venezuela's Hugo Chavez who is a strident socialist attacking US policies as savage neoliberalism. Chavez's national oil wealth has shrunk significantly with the global decline in demand, and he has had to cut back social programs at the heart of his revolution. During a visit to China last week following a stop in Iran, Chavez said "no one can be ignorant that the center of gravity of the world has moved to China." He went on to declare that the power of US empire has collapsed. Such wild hyperbole maybe rebutted by readers of Sino-American Economics. Needless to say,everyone can make his/her own judgment.
Page A17: Energy Secretary Steven Chu backs clean coal. Chu noted that the US has the most known coal reserves in the world and that more than half of domestic electricity is generated by coal. Even if the US turns its back on coal,China and India will not, and so,given the state of affairs,Chu would prefer to say let's try to develope technologies that can get a large fraction of the carbon dioxide out of coal.
Francis Shieh aka Xie Shihao,a student of contemporary economics i.e."Lingonomics"to watch the current developments as empirical evidence for understanding. April 15, 2009 at 10.06 a.m.
The president and the FED chairman voiced cautious optimism that the economy could be beginning to stabilize. But the economy was not cooperating. Such happening maybe a matter of transient situation or political necessity of official optimism? Readers can give views as freedom of thoughts!
The administration's actions are starting to generate signs of economic progress, the president said at Georgetown University,noting that some lending markets are recovering along with other sunny signs. President Obama garnered particular applause when he was critical of business practices on Wall Street.On page A12: The president challenged Congress to come up with an entirely new regulatory structure by the end of the year. Such is political economy in action for the wellbeing of the people of USA as I would envision with the same rationale. It is the economic principle of distribution of income and wealth in America.
The job market is likely to remain poor for many months. FED Chairman presses financial literacy for minorities. "Keys for Economic Understanding" is dedicated to minorities to get training to have a marketable skill to supply the demands of a changing America. The role of community colleges is significant from the approach of grassroots. "The Future of Community Colleges" was published by the Congressional Record,July 18, 1974 with such vision.
On page A7: President Obama plans to go to Latin America this week and will meet Venezuela's Hugo Chavez who is a strident socialist attacking US policies as savage neoliberalism. Chavez's national oil wealth has shrunk significantly with the global decline in demand, and he has had to cut back social programs at the heart of his revolution. During a visit to China last week following a stop in Iran, Chavez said "no one can be ignorant that the center of gravity of the world has moved to China." He went on to declare that the power of US empire has collapsed. Such wild hyperbole maybe rebutted by readers of Sino-American Economics. Needless to say,everyone can make his/her own judgment.
Page A17: Energy Secretary Steven Chu backs clean coal. Chu noted that the US has the most known coal reserves in the world and that more than half of domestic electricity is generated by coal. Even if the US turns its back on coal,China and India will not, and so,given the state of affairs,Chu would prefer to say let's try to develope technologies that can get a large fraction of the carbon dioxide out of coal.
Francis Shieh aka Xie Shihao,a student of contemporary economics i.e."Lingonomics"to watch the current developments as empirical evidence for understanding. April 15, 2009 at 10.06 a.m.
Tuesday, April 14, 2009
Some interesting information in education and science
President Obama's Director of Speechwriting,Jon Favreau is one of a number of alumni of AMDG schools. Santa Clara University alumna and former arizona governor Janet Napolitano is the new head of the Department of Homeland Security, and another alumnus Leon Panetta is also the new director of Investigation agency.
Fifty two members of the 111th Congress are alumni of AMDG universities,roughly about 10% and holding 52 of 535 seats in the Senate and House of Representatives.
Georgetown University is proud to have most alumni in Congress such as house majority leader Steny Hoyer of Maryland and minority leader John Boehner.
Among the new member is Ahn Joseph Cao(D-Louisiana) is a graduate of AMDG university and the first Vietnamese American in Congress.
Female mammals including women are born with all the eggs they will ever have. Chinese researchers have shown for the first time that an adult mammal can harbor primitive cells in her ovaries that can become new eggs and produce healthy offspring.Published by the Washington Post,April 13, 2009 on page A3.
Matteo Ricci spent much of his career as a missionary in China, laying the groundwork for ultimate acceptance of native clergy.
Francis Shieh aka Xie Shihao recollecting the motto of AMDG and IHS since high schools days in China and in USA since 1947 to 1950.
April 14, 2009 at 8.42 p.m.
Fifty two members of the 111th Congress are alumni of AMDG universities,roughly about 10% and holding 52 of 535 seats in the Senate and House of Representatives.
Georgetown University is proud to have most alumni in Congress such as house majority leader Steny Hoyer of Maryland and minority leader John Boehner.
Among the new member is Ahn Joseph Cao(D-Louisiana) is a graduate of AMDG university and the first Vietnamese American in Congress.
Female mammals including women are born with all the eggs they will ever have. Chinese researchers have shown for the first time that an adult mammal can harbor primitive cells in her ovaries that can become new eggs and produce healthy offspring.Published by the Washington Post,April 13, 2009 on page A3.
Matteo Ricci spent much of his career as a missionary in China, laying the groundwork for ultimate acceptance of native clergy.
Francis Shieh aka Xie Shihao recollecting the motto of AMDG and IHS since high schools days in China and in USA since 1947 to 1950.
April 14, 2009 at 8.42 p.m.
Monday, April 13, 2009
Georgetown Means Business:WashPost,4/13/09,A12
A Photo of Hongkong with Chinese characters) published by the Washington Post,April 13, 2009 on page A12:
From Wshington,DC to the global business centers of the world, the Georgetown name is known and respected. For over 50 years, graduates of the Georgetown University excelled in leading the fields of management,finance,consulting and international trade. Georgetown's programs are internationally recognized. Whereever the world does business,ss Georgetown Business is there.
"A Glimpse of the Chinese Language" in English is dedicated to those who are interested in Chinese language to facilitate business transactions. It is available free of charge at www.rand.org via pdf format. "Philosophy of Mencius" is listed at Georgetown University library online catalog. It would be useful to study Chinese culture for doing business.
Francis Shieh a.k.a. Xie Shihao, a graduate of Georgetown Graduate School,Class of 1950,a former economist with US Department of Labor,a Visiting Consultant for UNDP and a Fulbright Senior Scholar,Hong Kong, 1989-1990. April 13, 2009.
From Wshington,DC to the global business centers of the world, the Georgetown name is known and respected. For over 50 years, graduates of the Georgetown University excelled in leading the fields of management,finance,consulting and international trade. Georgetown's programs are internationally recognized. Whereever the world does business,ss Georgetown Business is there.
"A Glimpse of the Chinese Language" in English is dedicated to those who are interested in Chinese language to facilitate business transactions. It is available free of charge at www.rand.org via pdf format. "Philosophy of Mencius" is listed at Georgetown University library online catalog. It would be useful to study Chinese culture for doing business.
Francis Shieh a.k.a. Xie Shihao, a graduate of Georgetown Graduate School,Class of 1950,a former economist with US Department of Labor,a Visiting Consultant for UNDP and a Fulbright Senior Scholar,Hong Kong, 1989-1990. April 13, 2009.
Sinno-American Friendship since I was in High School
Reflection Today: I attended an American high school(Gonzaga College) in Shanghai in early 1940s and graduated from an American university with B.A. degree in 1946. However,I lived under Chinese cultural influence in Shanghai until I came to the United States in 1947.
Such background has shaped me to sustain Sino-American friendship since my formative years to date. The friends who have come to my life stay with me forever and they have lodged in my memory. The connection remains in my heart as if protected in a time capsule. That bond will stay strong for the whole of my life. By the same token, I have reason to believe that USA and China are friends to cooperate in global issues in the 21st century.
Eleanor Roosevelt said: "It is a curious thing in human experience, but to live through a period of stress and sorrow with another person(or nation) creates a bond that nothing seems able to break.
Plato said: "Friends have all things in common."
Confucius and Mencius had similar or identical thoughts about friendship.
I tried to synthesize Greek and Chinese thoughts in globalization as shown in my humble work listed in the Library of Congress in 1950.
Francis Shieh aka Xie Shihao on Monday,April 13, 2009 at 6.38 a.m.
Such background has shaped me to sustain Sino-American friendship since my formative years to date. The friends who have come to my life stay with me forever and they have lodged in my memory. The connection remains in my heart as if protected in a time capsule. That bond will stay strong for the whole of my life. By the same token, I have reason to believe that USA and China are friends to cooperate in global issues in the 21st century.
Eleanor Roosevelt said: "It is a curious thing in human experience, but to live through a period of stress and sorrow with another person(or nation) creates a bond that nothing seems able to break.
Plato said: "Friends have all things in common."
Confucius and Mencius had similar or identical thoughts about friendship.
I tried to synthesize Greek and Chinese thoughts in globalization as shown in my humble work listed in the Library of Congress in 1950.
Francis Shieh aka Xie Shihao on Monday,April 13, 2009 at 6.38 a.m.
Sunday, April 12, 2009
US Highest Navy Admiral will be in China soon
US Media News: Admiral Gary Rohat? will be present in China to celebrate 60th anniversary of Chinese Navy as per April 1st White House news release.
Published by New World News dated April 10, 2009,page 59. If such is true,details will be forthcoming in couple weeks.
On page 05,folks in China will be frugal in light of financial crisis. Such is the trend for Americans as well. Here is the common ground of Sino-American economics for ordinary people in a nutshell.
Francis Shieh aka Xie Shihao,an observer of economic in action on April 12, 2009 at 8.36 p.m.
Published by New World News dated April 10, 2009,page 59. If such is true,details will be forthcoming in couple weeks.
On page 05,folks in China will be frugal in light of financial crisis. Such is the trend for Americans as well. Here is the common ground of Sino-American economics for ordinary people in a nutshell.
Francis Shieh aka Xie Shihao,an observer of economic in action on April 12, 2009 at 8.36 p.m.
Saturday, April 11, 2009
Public and Private Sector:WashPost,4/10//09
Economy: page A12: A public fix for health care need not abandon the market i.e.the private sector. Such rationale is the same as my previous blogs to describe the American economy: Private sector and public sector or vice versa as the proper way to describe the economic systems of nations.
In "Hua Qiao Ri Bao" i.e. Overseas Chinese Daily,Feb.23, 1982. That was more than 27 years go, I made comments about New Federalism to celebrate FDR's centennial birthday and the neglect of human capital. I have been submitting my blogs aprops of human capital recently in 2009. As an economist with focus on human capital,I do hope that human capital should be utilized properly in USA and in China otherwise there will be wastes of human resources.
Paul Volcker,former FED chairman and now a key economic adviser to Obama, writes the foreword to the book,"Innovations in Human Resources Management": Getting the Public's Work Done in the 21st century(M.E. Sharpe Inc., 2009) His report insisted on revitalization of the public service in 2003.
President Obama, to his great credit, is encouraging people to engage in voluntary public service. Here is the common ground of Sino-American economics. Obama believes that change really comes from the ground up, not from Washington. In other words,people are the movers for changes in America. That would mean: People's Republic of USA to share similar name as "People's Republic of China" Food for thought for two great nations in the 21st century.
Francis Shieh aka Xie Shihao on April 11, 2009 at 2.48 p.m.
In "Hua Qiao Ri Bao" i.e. Overseas Chinese Daily,Feb.23, 1982. That was more than 27 years go, I made comments about New Federalism to celebrate FDR's centennial birthday and the neglect of human capital. I have been submitting my blogs aprops of human capital recently in 2009. As an economist with focus on human capital,I do hope that human capital should be utilized properly in USA and in China otherwise there will be wastes of human resources.
Paul Volcker,former FED chairman and now a key economic adviser to Obama, writes the foreword to the book,"Innovations in Human Resources Management": Getting the Public's Work Done in the 21st century(M.E. Sharpe Inc., 2009) His report insisted on revitalization of the public service in 2003.
President Obama, to his great credit, is encouraging people to engage in voluntary public service. Here is the common ground of Sino-American economics. Obama believes that change really comes from the ground up, not from Washington. In other words,people are the movers for changes in America. That would mean: People's Republic of USA to share similar name as "People's Republic of China" Food for thought for two great nations in the 21st century.
Francis Shieh aka Xie Shihao on April 11, 2009 at 2.48 p.m.
Seeing, Believing and Sharing the Good News
Washington Post, April 11, 2009 Page B7
Rev. Thomas J. Reese, a Georgetown University theologian, writes that it is a time... Washingtonpost.com/onfaith
"Easter Yeast" which is, in fact, a different mindset: the Easter outlook, the attitude. We must insert into our daily lives rooted in my mind and heart with faith,hope and love. I sent such in prior blogs.
We face a grave economic situation, which impacts all of us in one way or another. There is no immediate solution to the stark economic issues we face. Yet, through our faith, we can come to realize that we are united to one another in love. These relationships give us the strength to persevere. We treat others in sincerity and truth with serenity and simplicity as I blogged previously.
Page A8: US, China agree on censure of North Korea. The United States and China have agreed in principle to support a UN Security Coouncil statement condemning North Korea's April 5 rocket launch over Japan.
Here is Sino-American Economics in the common state of mind. April 11, 2009 at 1.48 p.m.
Rev. Thomas J. Reese, a Georgetown University theologian, writes that it is a time... Washingtonpost.com/onfaith
"Easter Yeast" which is, in fact, a different mindset: the Easter outlook, the attitude. We must insert into our daily lives rooted in my mind and heart with faith,hope and love. I sent such in prior blogs.
We face a grave economic situation, which impacts all of us in one way or another. There is no immediate solution to the stark economic issues we face. Yet, through our faith, we can come to realize that we are united to one another in love. These relationships give us the strength to persevere. We treat others in sincerity and truth with serenity and simplicity as I blogged previously.
Page A8: US, China agree on censure of North Korea. The United States and China have agreed in principle to support a UN Security Coouncil statement condemning North Korea's April 5 rocket launch over Japan.
Here is Sino-American Economics in the common state of mind. April 11, 2009 at 1.48 p.m.
Friday, April 10, 2009
Good Friday Moments: Thoughts on labor
"Work and Study Cycle Theory" is designed to honor labor as human capital. Such challenges the blind faith of free markets of the demand side of the management with less concern of the workers as the supply side of the equation for ideal equilibrium of the optimum.
Reality Check: Jobless folks are increasing in numbers and we trust President Obama has been alerted to such somber conditions in the days to come. Premier Wen stated that the conditions are improving with empirical evidence to be watched.
Francis Shieh aka Xie Shihao with concerns of the working class in USA and in China as well.
April 10, 2009 at 8.36 p.m.
Reality Check: Jobless folks are increasing in numbers and we trust President Obama has been alerted to such somber conditions in the days to come. Premier Wen stated that the conditions are improving with empirical evidence to be watched.
Francis Shieh aka Xie Shihao with concerns of the working class in USA and in China as well.
April 10, 2009 at 8.36 p.m.
Macroegonomics with Lingonomics as Super-Econ.
Such description is as discomfiting as it is to both market optimists and policy activists to tackle the unemployment as reality check in the 21st century.
Re Globalization:there is the WILL of all homosapiens: Christians,Jews and Muslims. Needless to say,Buddhists and Taoists are included in terms of cultural realities for all folks in the world with faith and tolerance in their ways.
In the current April 2009 issue of ATLANTIC magazine,Marx is cited for his views about forces and the relating surplus value to production.
As a former economist with US Labor Department,I am inclined to focus on labor as human resource of America and such human capital should be utilized to the fullest extent. However,there is increasing number of the jobless nowadays. "Keys for Economic Understanding" (www.Amazon.com) may be a useful reference to create jobs with marketable skills with training in the days to come to resolve the economic downturn in USA.
Francis Shieh aka Xie Shihao,a lifetime student of economics believing in fair distribution of income and wealth as Obama administration is set to reach such goal for the best interest of all Americans.
April 10, 2009 at 7.06 a.m.
Re Globalization:there is the WILL of all homosapiens: Christians,Jews and Muslims. Needless to say,Buddhists and Taoists are included in terms of cultural realities for all folks in the world with faith and tolerance in their ways.
In the current April 2009 issue of ATLANTIC magazine,Marx is cited for his views about forces and the relating surplus value to production.
As a former economist with US Labor Department,I am inclined to focus on labor as human resource of America and such human capital should be utilized to the fullest extent. However,there is increasing number of the jobless nowadays. "Keys for Economic Understanding" (www.Amazon.com) may be a useful reference to create jobs with marketable skills with training in the days to come to resolve the economic downturn in USA.
Francis Shieh aka Xie Shihao,a lifetime student of economics believing in fair distribution of income and wealth as Obama administration is set to reach such goal for the best interest of all Americans.
April 10, 2009 at 7.06 a.m.
Thursday, April 9, 2009
The Chinese economy continues to outpace any other.
ATLANTIC magazine,April 2009 issue: On page 21: Stimulus package in USA:825 billion,China: US$540 billion and Japan: 120 billion. Billions by three leading nations to try to recover economic downturn.
China crumbles. Can the US cope? Cover Headlines by James Fallows. "But 80% of US companies in China are profitable than anywhere else. Unique China is sitting on a huge pile of dollars. Current conditions will only accelerate acquisition of US companies." It is a matter of mutual benefit for US and China in businesses. Ponder and reflect the outcome apropos of global economy especially during the times of economic crisis.
Betting on China with 5 DVD and CD rom by James Fallows as an Ad. It is the cultural realities that learning Chinese language and culture would be beneficial for all those who wish to do businesses in China. "A Glimpse of the Chinese Language" is hereby dedicated. Available at www.rand.org - free of charge as public service via PDF format.
Harvard International Review, Winter 2009 issue with photo of Construction of residential buildings in Shanghai: Title: Necessary Reforms? by Richard N. Cooper,Professor of International Economics at Harvard. He wrote: "IMF Articles of Agreement to create SDRs not only to satisfy long-term official demands for international liquidity but also to respond quickly to increase the demand during the crisis. This recommendation is similar to the suggestion as published by Zhou Xiao-chuan of the central bank(PBC) of China. Needless to say,it would take time when approved by the G-20 during the course of time. I had the opportunity to meet Richard Cooper at the RAND Corporation in Santa Monica in 1964-1965.
Francis Shieh aka Xie Shihao,a reader of periodicals to share with readers online for contemporary economics. April 9, 2009 at 8.52 p.m.
China crumbles. Can the US cope? Cover Headlines by James Fallows. "But 80% of US companies in China are profitable than anywhere else. Unique China is sitting on a huge pile of dollars. Current conditions will only accelerate acquisition of US companies." It is a matter of mutual benefit for US and China in businesses. Ponder and reflect the outcome apropos of global economy especially during the times of economic crisis.
Betting on China with 5 DVD and CD rom by James Fallows as an Ad. It is the cultural realities that learning Chinese language and culture would be beneficial for all those who wish to do businesses in China. "A Glimpse of the Chinese Language" is hereby dedicated. Available at www.rand.org - free of charge as public service via PDF format.
Harvard International Review, Winter 2009 issue with photo of Construction of residential buildings in Shanghai: Title: Necessary Reforms? by Richard N. Cooper,Professor of International Economics at Harvard. He wrote: "IMF Articles of Agreement to create SDRs not only to satisfy long-term official demands for international liquidity but also to respond quickly to increase the demand during the crisis. This recommendation is similar to the suggestion as published by Zhou Xiao-chuan of the central bank(PBC) of China. Needless to say,it would take time when approved by the G-20 during the course of time. I had the opportunity to meet Richard Cooper at the RAND Corporation in Santa Monica in 1964-1965.
Francis Shieh aka Xie Shihao,a reader of periodicals to share with readers online for contemporary economics. April 9, 2009 at 8.52 p.m.
AIR POWER ISBN 0-14-303474-x US $18 Penquin Book
On pages 365,366,375, 383,412,413: RAND had been created in 1945 as a continuation of the civilian scientific work for operational analysis during the war. RAND stood for "Research and Development" since all it did was churn out paper. One of its major tasks would be to try to make sense out of America's nuclear war fighting plans and strategy. The Image of RAND by Peking during that time may be searched from www.loc.gov (Library of Congress online catalog) for act of referring history.
Economist Richard Moorsteen wrote "Remaking China Policy" in 1960s and was published by Harvard University Press in 1971. "A Glimpse of the Chinese Language" in English was published in March 1965.Paper#3078. Available at www.rand.org free of charge via PDF format. If readers are interested in Sino-American Economics,such works would be useful for reference apropos of the thoughts of economists for significant US-China/Sino-American economic relations in the 21st century as vision from the 20th century in history.
The above works may be regarded as eloquent description of successes, failures,controversies and lessons to be worthy of reading by citizens of the world. "A splendid job" - the Wall Street Journal.
Francis Shieh aka Xie Shihao,a lifelong student of economics and languages sharing such information for readers of Sino-American Economics.
April 9, 2009 at 6.26 a.m.
Economist Richard Moorsteen wrote "Remaking China Policy" in 1960s and was published by Harvard University Press in 1971. "A Glimpse of the Chinese Language" in English was published in March 1965.Paper#3078. Available at www.rand.org free of charge via PDF format. If readers are interested in Sino-American Economics,such works would be useful for reference apropos of the thoughts of economists for significant US-China/Sino-American economic relations in the 21st century as vision from the 20th century in history.
The above works may be regarded as eloquent description of successes, failures,controversies and lessons to be worthy of reading by citizens of the world. "A splendid job" - the Wall Street Journal.
Francis Shieh aka Xie Shihao,a lifelong student of economics and languages sharing such information for readers of Sino-American Economics.
April 9, 2009 at 6.26 a.m.
Wednesday, April 8, 2009
Wall Street Journal and USAToday,April 8, 2009
WSJ,4/8/09 Page A8: China details Health -care Revamp. Welcome news for folks in China in the years to come. New Hospitals and clinics are to be established.
Page A2: Hillary Clinton and senior Obama administration officials have sought to build bridges to China in an effort to gain its support for US financial stability programs. US needs revamp health care as well due to the high cost of medical services and drugs.
USAToday,4/8/09 Page 1A: After layoffs,many workers go back to community colleges for a fresh start to new careers. Millions of laid-off workers are attending community colleges for training of marketable skills. Cf."The Future of Community Colleges" published by the Congressional Record,July 18, 1974 and "Keys for Economic Understanding"(1971) to focus on the role of community colleges for economic development. Moreover,"Work and Study Cycle Theory"(1978) is now being validated and implemented. www.loc.gov online catalog for reference. The $ 1.7 billion grant for adult employment services is originated from $787 billion federal stimulus programs. California heads the list with 302,024.842. Source: Labor Department Employment and Training Services.
page 2B: More CEOs expect to cut jobs in next 6 months as sales sag. Jobless people will be increased in the months to come.
Francis Shieh aka Xie Shihao,an advocate for training of human resources for economic education with focus on labor as a factor of production. Such common problems are being stressed by leaders in USA and in China for creating jobs. Unemployment is one of the major issues in macro-economics and is now under the spotlight to be resolved by economic policy of Obama administration in USA and leaders in China as well.
April 8, 2009 at 3.08 p.m.
Page A2: Hillary Clinton and senior Obama administration officials have sought to build bridges to China in an effort to gain its support for US financial stability programs. US needs revamp health care as well due to the high cost of medical services and drugs.
USAToday,4/8/09 Page 1A: After layoffs,many workers go back to community colleges for a fresh start to new careers. Millions of laid-off workers are attending community colleges for training of marketable skills. Cf."The Future of Community Colleges" published by the Congressional Record,July 18, 1974 and "Keys for Economic Understanding"(1971) to focus on the role of community colleges for economic development. Moreover,"Work and Study Cycle Theory"(1978) is now being validated and implemented. www.loc.gov online catalog for reference. The $ 1.7 billion grant for adult employment services is originated from $787 billion federal stimulus programs. California heads the list with 302,024.842. Source: Labor Department Employment and Training Services.
page 2B: More CEOs expect to cut jobs in next 6 months as sales sag. Jobless people will be increased in the months to come.
Francis Shieh aka Xie Shihao,an advocate for training of human resources for economic education with focus on labor as a factor of production. Such common problems are being stressed by leaders in USA and in China for creating jobs. Unemployment is one of the major issues in macro-economics and is now under the spotlight to be resolved by economic policy of Obama administration in USA and leaders in China as well.
April 8, 2009 at 3.08 p.m.
US-China have common courtesy to be humble and cooperative
Washington Post, April 8, 2009 on pages A1,A8:
Humility and Partnership as themes of Obama's trip:
In Pin Yin:"Qian gong gen He huo"would be in line with Sino-American Economics in the 21st century. Let us watch the empirical evidence in the days to come as Reality Check.
Presodent Hu attended G-20 conference with the same modest attitude to cooperate with other nations to try to resolve economic crisis.
Such smart diplomacy will win the minds and hearts of folks of all nations on earth.
Francis Shieh a.k.a. Xie Shihao with avid interest to learn economics in action of two nations on both sides of the Pacific.
April 8, 2009 at 11.08 a.m.
Humility and Partnership as themes of Obama's trip:
In Pin Yin:"Qian gong gen He huo"would be in line with Sino-American Economics in the 21st century. Let us watch the empirical evidence in the days to come as Reality Check.
Presodent Hu attended G-20 conference with the same modest attitude to cooperate with other nations to try to resolve economic crisis.
Such smart diplomacy will win the minds and hearts of folks of all nations on earth.
Francis Shieh a.k.a. Xie Shihao with avid interest to learn economics in action of two nations on both sides of the Pacific.
April 8, 2009 at 11.08 a.m.
Random Thoughts for economic wellbeing in living
Expressions for better living apropos of Sino-American Economics of Human Capital to be utilized with thoughtful insights.(sic)
1.I strive to grow and develop in my radiant goodness with spiritual happiness of life through a touch of intellectual passion.
2.Life is a process of self-discovery and self-creation.
3.Generosity is my quest to treat folks. It is more blessed to give than to receive.
4.I try to find ways to cultivate talents,creativity,intelligence with affection.
5.Politeness nourishing cheer for the acronym:PNC,the name of a bank with banking of proper demeanor. In Pin Yin: "Li mao yang cheng yu kuai" as the aphorism.
The above points / pointers may be regarded as economic philosophy for business ethics.
Francis Shieh a.k.a. Xie Shihao on Wednesday,April 8, 2009 at 6.22 a.m.
1.I strive to grow and develop in my radiant goodness with spiritual happiness of life through a touch of intellectual passion.
2.Life is a process of self-discovery and self-creation.
3.Generosity is my quest to treat folks. It is more blessed to give than to receive.
4.I try to find ways to cultivate talents,creativity,intelligence with affection.
5.Politeness nourishing cheer for the acronym:PNC,the name of a bank with banking of proper demeanor. In Pin Yin: "Li mao yang cheng yu kuai" as the aphorism.
The above points / pointers may be regarded as economic philosophy for business ethics.
Francis Shieh a.k.a. Xie Shihao on Wednesday,April 8, 2009 at 6.22 a.m.
Tuesday, April 7, 2009
Mark Twain: I admire your humor enormously. Xie Shihao
"The holy passion of friendship is of so sweet and steady and loyal and enduring a nature that it will last the lifetime - if not asked to lend money." - Mark Twain.
Mark Twain worked as an apprentice. He lived from 1835-1910.
In Pin Yin system of romanization below in the similar vein with Mark Twain. Cf. "A Glimpse of the Chinese Language" in English,available at www.rand.org free of charge as public service PDF format.
To Wit: "You shen sheng, qing gao de zhen qing shi tian de, ping wen de, zhong cheng de dao yong yuan...yi sheng. Qian bu yao jie. Qian shi zhi. Xiao xiao neng chang shou. Dongma?" Hehehahaohoho all the way and we shall strive to be centenarians.
Xie Shihao,thanks from a hero of poetry in meaning a.k.a. Francis Shieh, born in 1926 in Shanghai as an octogenarian, striving to be a centenarian with laughter. Laughter begets longevity and smile would extend your life as well. The choice is yours!You are the boss in your own thoughts with enjoyment of your intellecual clout vicariously. Haha for fun.
Francis Shieh wrote "Keys for Economic Understanding",published in USA,UK,France appros of apprenticeship training re a marketable skill to supply the changing demand of nations under global economic crisis starting Fall 2008 to date.Cf. www.ask.com for reference.
April 7, 2009 at 11.42 a.m. at Andrews AF Base Library.
Mark Twain worked as an apprentice. He lived from 1835-1910.
In Pin Yin system of romanization below in the similar vein with Mark Twain. Cf. "A Glimpse of the Chinese Language" in English,available at www.rand.org free of charge as public service PDF format.
To Wit: "You shen sheng, qing gao de zhen qing shi tian de, ping wen de, zhong cheng de dao yong yuan...yi sheng. Qian bu yao jie. Qian shi zhi. Xiao xiao neng chang shou. Dongma?" Hehehahaohoho all the way and we shall strive to be centenarians.
Xie Shihao,thanks from a hero of poetry in meaning a.k.a. Francis Shieh, born in 1926 in Shanghai as an octogenarian, striving to be a centenarian with laughter. Laughter begets longevity and smile would extend your life as well. The choice is yours!You are the boss in your own thoughts with enjoyment of your intellecual clout vicariously. Haha for fun.
Francis Shieh wrote "Keys for Economic Understanding",published in USA,UK,France appros of apprenticeship training re a marketable skill to supply the changing demand of nations under global economic crisis starting Fall 2008 to date.Cf. www.ask.com for reference.
April 7, 2009 at 11.42 a.m. at Andrews AF Base Library.
3S-2D=RCA,an equation to live by with optimistic scenario
S-Simplicity,Sincerity,Serenity
D-disappointment,Dejection
R - Rejoicing
C - Compassion
A - Amity
Washington Post,April 7, 2009 on page A1: Simplicity becomes a selling point:HIGH FIVE as handshake.
Haagen-Dazs's new line of ice cream:Five- doesn't hide the ingredients in tiny type on the back of the carton. Every one - milk, cream,sugar,eggs and vanilla bean - is prominently displayed in bright orange capital letters. Food marketers have come to realize that SIMPLICITY sells. I had ice cream at Haagen Dazs stores in Shanghai many times in August 2008.
That is my way of life. No-frills but simplicity. Dedicated to global tough times to face economic crisis nowadays.
Francis Shieh a.k.a. Xie Shihao,a a lifelong student of economic philosophy to be thinking of epistemology(human constraint),ontology and cosmology for living high in the theological context to share with readers of Sino-American economics on April 7, 2009 at 10.06 a.m.
D-disappointment,Dejection
R - Rejoicing
C - Compassion
A - Amity
Washington Post,April 7, 2009 on page A1: Simplicity becomes a selling point:HIGH FIVE as handshake.
Haagen-Dazs's new line of ice cream:Five- doesn't hide the ingredients in tiny type on the back of the carton. Every one - milk, cream,sugar,eggs and vanilla bean - is prominently displayed in bright orange capital letters. Food marketers have come to realize that SIMPLICITY sells. I had ice cream at Haagen Dazs stores in Shanghai many times in August 2008.
That is my way of life. No-frills but simplicity. Dedicated to global tough times to face economic crisis nowadays.
Francis Shieh a.k.a. Xie Shihao,a a lifelong student of economic philosophy to be thinking of epistemology(human constraint),ontology and cosmology for living high in the theological context to share with readers of Sino-American economics on April 7, 2009 at 10.06 a.m.
Monday, April 6, 2009
Wall Street Jounral and USAToday,April 6, 2009
Page A1: "Obama strategy is a bet that a more active foccus on diplomacy can win over the rogue actors - or else win support from Europe, Russia and China for tougher sanctions RE: North Korea.
Brides and Parents back home get picky as economy make America look risky. Indian parents used to think it a plus to marry off their daughters to Indian men living in USA and UK. As India has grown more affluent in recent years,the demand for overseas Indian grooms has been fading."
Such cases are similar in China as well. "It is the Economy.!" Quotable quotes!
Page A9: China exercises its global leverage. The Reason: Two trillion US$ surplus of foreign exchange reserves. It is the Economy as well!
Page C2: Gold prices posed to weather IMF sale. Recent data for central bank gold holdings from the World Gold Council show there is interest among central banks to increase the percentage of gold in their foreign reserves.
Page 1B: James Clessen,chief economist for American Bankers Association said:"There have been significant job losses and that translates into people having a hard time paying their bills."
Page 2B: Filet-O-Fish makes a big splash at McDonald's in USA and in China as well.
Page 1D: A Plus for 2-year students. Something magical happened for all US community colleges students. Cf."The Future of Community Colleges" published by the Congressional Record,July 18, 1974. I had a vision in the 20th century and such vision is materialized in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Monday,April 6, 2009 at 3.46 p.m.
Brides and Parents back home get picky as economy make America look risky. Indian parents used to think it a plus to marry off their daughters to Indian men living in USA and UK. As India has grown more affluent in recent years,the demand for overseas Indian grooms has been fading."
Such cases are similar in China as well. "It is the Economy.!" Quotable quotes!
Page A9: China exercises its global leverage. The Reason: Two trillion US$ surplus of foreign exchange reserves. It is the Economy as well!
Page C2: Gold prices posed to weather IMF sale. Recent data for central bank gold holdings from the World Gold Council show there is interest among central banks to increase the percentage of gold in their foreign reserves.
Page 1B: James Clessen,chief economist for American Bankers Association said:"There have been significant job losses and that translates into people having a hard time paying their bills."
Page 2B: Filet-O-Fish makes a big splash at McDonald's in USA and in China as well.
Page 1D: A Plus for 2-year students. Something magical happened for all US community colleges students. Cf."The Future of Community Colleges" published by the Congressional Record,July 18, 1974. I had a vision in the 20th century and such vision is materialized in the 21st century.
Francis Shieh a.k.a. Xie Shihao on Monday,April 6, 2009 at 3.46 p.m.
The dollarized world economy developed huge instabilities
Washington Post, April 6, 2009 on page A15:
"Vast trade imbalances(American deficits, Asian surpluses) and massive, offseting international money flows are attributable to global economic crisis.
Low prices for imported goods such as shoes,computers,TVs encouraged overconsumption. From 2000 to 2008, the US trade deficit with China ballooned from $84 billion to $266 billion. China's foreign exchange reserves are now an astonishing $2 trillion." as Samuelson had written and so published.
It is clearly evident that American consumers have been benefited for the less expensive products of good quality. Such is the Law of Comparative Advantage for free and open international trade as I have observed the Sino-American economics in action.
Page A8: "In Shanghai,Never too old for Barbie doll. In the USA,Barbie and Barbie products are considered toys and are marketed primarily for girls 8 years old or younger. Not so in China. 30-something women mobbed the newsly opened Barbie store. They were browsing the animal-print scarves,gourmet chocolate from Lari, one of Shanghai's most exclusive restaurants on the Bund, a famous avenue, and a $10,000 wedding dress designed by Vera Wang." Such is the evidence of consumers' clout to purchase with money.
Francis Shieh a.k.a. Xie Shihao watching the global economic crisis and the ways and means for G-20 to try to resolve such crisis in due course of time in the 21st century.
April 6, 2009 at 10.28 a.m.
"Vast trade imbalances(American deficits, Asian surpluses) and massive, offseting international money flows are attributable to global economic crisis.
Low prices for imported goods such as shoes,computers,TVs encouraged overconsumption. From 2000 to 2008, the US trade deficit with China ballooned from $84 billion to $266 billion. China's foreign exchange reserves are now an astonishing $2 trillion." as Samuelson had written and so published.
It is clearly evident that American consumers have been benefited for the less expensive products of good quality. Such is the Law of Comparative Advantage for free and open international trade as I have observed the Sino-American economics in action.
Page A8: "In Shanghai,Never too old for Barbie doll. In the USA,Barbie and Barbie products are considered toys and are marketed primarily for girls 8 years old or younger. Not so in China. 30-something women mobbed the newsly opened Barbie store. They were browsing the animal-print scarves,gourmet chocolate from Lari, one of Shanghai's most exclusive restaurants on the Bund, a famous avenue, and a $10,000 wedding dress designed by Vera Wang." Such is the evidence of consumers' clout to purchase with money.
Francis Shieh a.k.a. Xie Shihao watching the global economic crisis and the ways and means for G-20 to try to resolve such crisis in due course of time in the 21st century.
April 6, 2009 at 10.28 a.m.
Sunday, April 5, 2009
Obama projects humility and desire to apologize
Washington Post,April 5, 2009 on page A10:
President Obama tries to set a new, pragmatic tone:
Jeremy Shapiro, director of research for the Center on the United States and Europe at the Brookings Institution said, "Europeans are hungry for American leadership but tired of American arrogance."
Neil Gardiner, director of the Margaret Thatcher Center for Freedom at the Heritage Foundation, said "the approach is not without risks. Obama has embarked on a new course that projects humility and an overbearing desire to apologize for America's past behavior."
"This is a high-risk strategy that could well backfire," Gardiner said. "There is a real danger that the US will be seen as a soft touch, both by European partners as well as by America's biggest enemies, from Al-Qaeda to the mullahs of Tehran."
Let it be known that the meek would catch the hearts and the minds of the people in nations. Asians are under the influence of Confucianism with focus on humility and modesty. President Obama's good demeanor would be the smart diplomacy in the 21st century for USA to search for global peace and development.
Francis Shieh a.k.a. Xie Shihao,an octogenarian and a lifelong student of Confucianism and economics on Sunday,April 5, 2009 at 1.56 p.m.
President Obama tries to set a new, pragmatic tone:
Jeremy Shapiro, director of research for the Center on the United States and Europe at the Brookings Institution said, "Europeans are hungry for American leadership but tired of American arrogance."
Neil Gardiner, director of the Margaret Thatcher Center for Freedom at the Heritage Foundation, said "the approach is not without risks. Obama has embarked on a new course that projects humility and an overbearing desire to apologize for America's past behavior."
"This is a high-risk strategy that could well backfire," Gardiner said. "There is a real danger that the US will be seen as a soft touch, both by European partners as well as by America's biggest enemies, from Al-Qaeda to the mullahs of Tehran."
Let it be known that the meek would catch the hearts and the minds of the people in nations. Asians are under the influence of Confucianism with focus on humility and modesty. President Obama's good demeanor would be the smart diplomacy in the 21st century for USA to search for global peace and development.
Francis Shieh a.k.a. Xie Shihao,an octogenarian and a lifelong student of Confucianism and economics on Sunday,April 5, 2009 at 1.56 p.m.
Friday, April 3, 2009
Wall Street Journal and USA Today,April 3, 2009
WSJ, 4/3/09:
Page A2: Jobless data suggest more pain ahead. More Americans out of work. Week ending March - Aabout 5.73 million folks are out of work, up 16,000 in continued claims. Source: Labor Department. Patience is a virtue,indeed!
Page A7: G-20 scoreboard: Boosted IMF lending capacity to developing countreis.
Page A8: Obama,Brown strike similar notes on economy as I sent my blogs in the past.
Page A10: China's policies to expand domestic demand and maintain growth are taking active effect. Some economists say the index would better reflect current economic trends.
USA Today,4/3-5/09 Obama,G-20 set course on crisis: A sweeping economic recovery pack up injecting $1.1 trillion into the global economy in hopes of reversing the worst recessin in more than half a century.
Page 3A: New Gold Rush hits California. Tough times propel some folks to try their luck. Well,gold has intrinsic value as I sent my prior blog.
Francis Shieh a.k.a. Xie Shihao trying to keep track of economic happenings to share info with readers of Sino-American economics.
April 3, 2009 at 2.16 p.m.
Page A2: Jobless data suggest more pain ahead. More Americans out of work. Week ending March - Aabout 5.73 million folks are out of work, up 16,000 in continued claims. Source: Labor Department. Patience is a virtue,indeed!
Page A7: G-20 scoreboard: Boosted IMF lending capacity to developing countreis.
Page A8: Obama,Brown strike similar notes on economy as I sent my blogs in the past.
Page A10: China's policies to expand domestic demand and maintain growth are taking active effect. Some economists say the index would better reflect current economic trends.
USA Today,4/3-5/09 Obama,G-20 set course on crisis: A sweeping economic recovery pack up injecting $1.1 trillion into the global economy in hopes of reversing the worst recessin in more than half a century.
Page 3A: New Gold Rush hits California. Tough times propel some folks to try their luck. Well,gold has intrinsic value as I sent my prior blog.
Francis Shieh a.k.a. Xie Shihao trying to keep track of economic happenings to share info with readers of Sino-American economics.
April 3, 2009 at 2.16 p.m.
"We did Okayt G-20 summit: Mr. Obama said.
Washington Post,April 3rd 2009 page A18:
Page A1: Nations craft hard-fought pledge to repair world financial system.
Too many cars, and they are not on the road but piling up at Baltimore-Washington International Marshall Airport.What would be the outcome of such in the photo?
Washington Post, April 2, 2009 Dennis Wilder,a visiting fellow at the Brookings Institution published the following article:
"How a'G-2' would hurt." It is a misnomer,indeed. G-2 is a significant part and parcel of G-20 since US and China would strengthen relationship in the days to come for mutual benefit as agreed by President Obama and President Hu.
Such announcement would not jeopardize US relationships with nations in Asia as Dennis Wilder stated. I would be more inclined to endorse the statement of Secretary of State Hillary Clinton from economic aspects rather than political push in the article by Wilder. "It is the Economy,Stupid" to be quoted as the common expression.
It should be noted that Japan to India are in Asia and China has influence in Asia as influence of USA in Asia.Readers of Sino-American economics have the right to reason your own way about the future relations of USA and China with empirical evidence.
Francis Shieh a.k.a. Xie Shihao,an independent reader wishing to witness the positive and closer US-China relations for peace and economic development in the 21st century. At 11.06 a.m. April 3, 2009.
Page A1: Nations craft hard-fought pledge to repair world financial system.
Too many cars, and they are not on the road but piling up at Baltimore-Washington International Marshall Airport.What would be the outcome of such in the photo?
Washington Post, April 2, 2009 Dennis Wilder,a visiting fellow at the Brookings Institution published the following article:
"How a'G-2' would hurt." It is a misnomer,indeed. G-2 is a significant part and parcel of G-20 since US and China would strengthen relationship in the days to come for mutual benefit as agreed by President Obama and President Hu.
Such announcement would not jeopardize US relationships with nations in Asia as Dennis Wilder stated. I would be more inclined to endorse the statement of Secretary of State Hillary Clinton from economic aspects rather than political push in the article by Wilder. "It is the Economy,Stupid" to be quoted as the common expression.
It should be noted that Japan to India are in Asia and China has influence in Asia as influence of USA in Asia.Readers of Sino-American economics have the right to reason your own way about the future relations of USA and China with empirical evidence.
Francis Shieh a.k.a. Xie Shihao,an independent reader wishing to witness the positive and closer US-China relations for peace and economic development in the 21st century. At 11.06 a.m. April 3, 2009.
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