Washington Post,July 31, 2009 on page A19:
GDP Data will settle whether positive signs elsewhere add up to progress.
Photo: Consumer spending figures are a key part of the GDP report. Consumers account for around two-thirds of total economic activity. Such data are included as a yardstick of economics in action in USA and in China via serendipity.(sic) Coincidence through educated guesstimates at best since 1980s?
Comment: Human behavior is relative to consumer spending. Let us examine the lifestyle,custom and tradition of Americans and Chinese and we can have some kind of inklings for Sino-American Economics in the years ahead in the 21st century.
Francis Shieh a.k.a. Xie Shhao, an observer of economics in action. July 31, 2009
Friday, July 31, 2009
The beginning of a New Day as a new life on earth
The following is dedicated to folks in USA and in China as common ground apropos of Economics of Health, a field of human capital.
"Laotianye" in Pin Yin has given us this day to use as we will. We may waste it or grow in its light and be of service to others. But what we do with this day is important because we have exchanged a day of our life for it. When tomorrow comes,today will be gone forever.
We may face worldly challenge but we claim to be champions when we have our strong will. In the meantime, we engage in our relaxing activities for enjoyment.
We laugh, talk and discover what we have in common. The cheerful upbeat of this fortuitous serendipity exists with our joyful mindset.
It is more blessed to give than to receive. Be generous to offer our best to others as fellow homosapiens in the mundane world.
Success is not to be measured by material possessions but we should crave for intellectual pursuit and spirituality with faith, hope and LOVE.
Francis Shieh a.k.a. Xie Shihao with thoughts of the start of a beautiful day as aesthetic awakening with devoted gratitude.
July 31, 2009
"Laotianye" in Pin Yin has given us this day to use as we will. We may waste it or grow in its light and be of service to others. But what we do with this day is important because we have exchanged a day of our life for it. When tomorrow comes,today will be gone forever.
We may face worldly challenge but we claim to be champions when we have our strong will. In the meantime, we engage in our relaxing activities for enjoyment.
We laugh, talk and discover what we have in common. The cheerful upbeat of this fortuitous serendipity exists with our joyful mindset.
It is more blessed to give than to receive. Be generous to offer our best to others as fellow homosapiens in the mundane world.
Success is not to be measured by material possessions but we should crave for intellectual pursuit and spirituality with faith, hope and LOVE.
Francis Shieh a.k.a. Xie Shihao with thoughts of the start of a beautiful day as aesthetic awakening with devoted gratitude.
July 31, 2009
Thursday, July 30, 2009
US and China are focusing on Asia Pacific
Both US and China are concerned about North Korea and South Korea for Peace and Economic Development:
1. North Korea's missile program suffered another setback with the failure of the Unha 2 space launch vehicle.
2. The launch failure left Pyongyang unable to validate a range of key technologies.
3. The South Korea government has reacted with relief in the failure of North Korea's attempted satellite launch.
4. Seoul is considering acquiring longer-range missiles than it is carrently able to field.
Seoul: International Aerospace and Defense Exhibition 2009: October 20-25, 2009 Seoul Airport
It is only one tri-service exhibition in Korea and the most representative exhibition in Asia-Pacific. Such event is of great interest to USA and China as well.
Francis Shieh a.k.a. Xie Shihao, a watcher for peace and economic development in Asia Pacific since both US and China are nations on both sides of the Pacific.
July 30, 2009
1. North Korea's missile program suffered another setback with the failure of the Unha 2 space launch vehicle.
2. The launch failure left Pyongyang unable to validate a range of key technologies.
3. The South Korea government has reacted with relief in the failure of North Korea's attempted satellite launch.
4. Seoul is considering acquiring longer-range missiles than it is carrently able to field.
Seoul: International Aerospace and Defense Exhibition 2009: October 20-25, 2009 Seoul Airport
It is only one tri-service exhibition in Korea and the most representative exhibition in Asia-Pacific. Such event is of great interest to USA and China as well.
Francis Shieh a.k.a. Xie Shihao, a watcher for peace and economic development in Asia Pacific since both US and China are nations on both sides of the Pacific.
July 30, 2009
Discovery Taps China. Will team to launch Website with www.Baidu.com
Google is popular worldwide and Baidu is popular in China. Now Discovery will team with Baidu to compete with www.Google.com. I like both as a blogger online to spend my time judiciously.
Such is another evidence of Sino-American Economics in action. I am glad to read such news.
Francis Shieh a.k.a. Xie Shihao witnessing such cooperation with a smile and smile will be friendly to Americans and Chinese alike.
Hehehahahoho all the way and we shall strive to live to be centenarians again.
Thursday, July 30, 2009
Such is another evidence of Sino-American Economics in action. I am glad to read such news.
Francis Shieh a.k.a. Xie Shihao witnessing such cooperation with a smile and smile will be friendly to Americans and Chinese alike.
Hehehahahoho all the way and we shall strive to live to be centenarians again.
Thursday, July 30, 2009
Succinct remarks about Economics at the spur of the moment as a senior.
1. The 20th century economics of prosperity would be modified as the result of global financial crisis. However, the arguments, the logic, the predictions and the rhetoric would practically the same.
2.The fundamental changes in the developed nations are different from those in the developing countries by virtue of lifestyles of the folks with customs and tradition as behavioral science.
3.The decline of manufacturing as a provider of wealth in developed countries may be transformed to developing nations by the management due to obvious labor cost for maximizing profit.
4.Political economy would be in evidence with the market push as the integration to optimize the public and private sectors for solid union in terms of efficiency and effectiveness.
5. Economics with the real-world awareness in serving the society would be outstandingly evident in the 21st century. Young population and the new workforce would demand continuing training and retraining via communities as grassroots of economic development. Micro to Macro in nations for globalization.
Francis Shieh a.k.a. Xie Shihao,an octogenarian guru and a lifelong learner of the ongoing happenings from empirical evidence re etiology. July 30, 2009.
2.The fundamental changes in the developed nations are different from those in the developing countries by virtue of lifestyles of the folks with customs and tradition as behavioral science.
3.The decline of manufacturing as a provider of wealth in developed countries may be transformed to developing nations by the management due to obvious labor cost for maximizing profit.
4.Political economy would be in evidence with the market push as the integration to optimize the public and private sectors for solid union in terms of efficiency and effectiveness.
5. Economics with the real-world awareness in serving the society would be outstandingly evident in the 21st century. Young population and the new workforce would demand continuing training and retraining via communities as grassroots of economic development. Micro to Macro in nations for globalization.
Francis Shieh a.k.a. Xie Shihao,an octogenarian guru and a lifelong learner of the ongoing happenings from empirical evidence re etiology. July 30, 2009.
Wednesday, July 29, 2009
US-China Chart Economic Effects
Washington Post, July 29, 2009 on page A11:
Secretary of Treasury Tim Geithner called cooperation between the United States and China "vital not only to the well-being of our two nations but also the health of the global economy." Such statement is identical to the blogs in the past to be verified.
The United States and China are the world's two biggest emitters of the heat-trapping gases, and neither joined the Kyoto Protocol, an agreement to reduce emission.
Photo: Migrant workers build a highway in Shanghai, Massive fiscal stimulus stoked China's economy in the second quarter.
Francis Shieh a.k.a. Xie Shihao, a lifelong student to express views in the blogs to be compared with the leaders to confirm about the right course of action for mutual benefit of USA and China in the 21st century.
July 29, 2009 at 7.42 p.m.
Secretary of Treasury Tim Geithner called cooperation between the United States and China "vital not only to the well-being of our two nations but also the health of the global economy." Such statement is identical to the blogs in the past to be verified.
The United States and China are the world's two biggest emitters of the heat-trapping gases, and neither joined the Kyoto Protocol, an agreement to reduce emission.
Photo: Migrant workers build a highway in Shanghai, Massive fiscal stimulus stoked China's economy in the second quarter.
Francis Shieh a.k.a. Xie Shihao, a lifelong student to express views in the blogs to be compared with the leaders to confirm about the right course of action for mutual benefit of USA and China in the 21st century.
July 29, 2009 at 7.42 p.m.
The 21st century focuses the Pacific for USA and China
East Asia is of greatest significance to the United States. Such region may be thousands of miles away but the USA has long had interests as the Near West rather than the European term of the Far East, a misnomer, indeed! Look at the map and we can be reminded that America's day starts at Guam. Needless to say,Hawaii is the paradise of the Pacific of the United States and Alaska may be pronounced as "A la shi jie" in Pin Yin system of romanization i.e. "Our World" in the Wu dialect,Shanghainese as serendipity in humor.(sic)
Economically the U.S. has had interest in trade with that region than with any other parts in the world. Militarily, two of the last three major wars the US has fought were in East Asia, and the nation continues to be heavily involved in fighting terrorism globally for security. Socially and philosophically, increasing immigrants to the United States may be traced to Asia as known in the past decades. Moreover, Asian Americans have made contributions to the USA on record. Such impact is noted by the leaders in America for understanding the global context especially in the fields of finance and economics. Given the rapid ecoomic growth of the world's most populous nation,China,it becomes an important partner as President Obama stated at the Strategic Economic Dialogue.
Francis Shieh a.k.a. Xie Shihao meaning thanks from an outspoken person of poetry in the Chinese characters in Pin Yin but not a poet at all. I am always a learner of American English and American culture ad infinitum. Wednesday, July 29, 2009 at 5.52 a.m.
Economically the U.S. has had interest in trade with that region than with any other parts in the world. Militarily, two of the last three major wars the US has fought were in East Asia, and the nation continues to be heavily involved in fighting terrorism globally for security. Socially and philosophically, increasing immigrants to the United States may be traced to Asia as known in the past decades. Moreover, Asian Americans have made contributions to the USA on record. Such impact is noted by the leaders in America for understanding the global context especially in the fields of finance and economics. Given the rapid ecoomic growth of the world's most populous nation,China,it becomes an important partner as President Obama stated at the Strategic Economic Dialogue.
Francis Shieh a.k.a. Xie Shihao meaning thanks from an outspoken person of poetry in the Chinese characters in Pin Yin but not a poet at all. I am always a learner of American English and American culture ad infinitum. Wednesday, July 29, 2009 at 5.52 a.m.
Tuesday, July 28, 2009
Deputy Prime Minister Wang delivered speech with humor
Phoenix TV of Hong Kong reports about the Dinner Party at Ritz Carlton Hotel in Washington apropos of the impressive remarks by Deputy PM Wang Qishen of China. He mentioned former Secretary of State Kissinger's contribution for US-China relations and his association with Geithner's father at Ford Foundation in early 1980s when young Tim Geithner was a student of the Chinese language at Beida. I was a schoolmate of Professor Chen Baosen(St.John's University of Shanghai) who was a Fellow at the Institute of American Studies of the Chinese Academy of Social Science. Prof. Chen received an award to come to the United States as a Visiting Scholar of the Ford Foundation. Deputy PM Wang is Uncle Wang to be a partner of Uncle Sam.(sic)
Such historical background reminds me of my other experiences:
I published "A Glimpse of the Chinese Language" in 1965 at the RAND Corporation and hinted the desirability for China to be open to the world via Pin Yin system of romanization for understanding on page 8. Available at www.rand.org at PDF format free of charge for public service. In 1964-1965, Dr, Kissinger was a Consultant and I was a member of the research staff of the Department of Economics and taught the Chinese language and did research on China's economy with economist Richard Moorsteen who published "Remaking China Policy" in 1971, Harvard University Press. Dr. Kissinger visited China in 1971 and Nixon visited in 1972.
I lectured economics at Beida and in Shanghai Fudan University in 1981. In 1982, I was a Visiting Consultant of United Nations Development Program(UNDP) in Beijing and Shanghai. And also in 1986-1987 in Beijing and Shanghai. I was a Fulbright Senior Scholar in Hong Kong,1989-1990. I was an American expert in Guangzhou in 1992-93 and in Beijing from 1993-1996.
Deputy PM Wang also called attention to the dinner guests about Expo 2010 in Shanghai and the American Hall will be completed before May 2010 with his invitation to welcome all who would have an opportunity to witness a modern Shanghai as the host of World Exposition.
As a native of Shanghai , I am proud of Shanghai and I am now teaching Wu dialect to Americans who would have an extra dimension of knowing the Shanghainese which is being spoken in Shanghai even though Mandarin is the official language as "Putonghua" the common language of the Chinese folks. I have reason to believe that Americans are interested in the Wu dialect. Shanghainese is being offered at www.dictyon.net in Maryland,USA.
Francis Shieh a.k.a. Xie Shihao , an octogenarian graduate student from Shanghai in 1947,witnessing Sino-American economics for decades with joyful reminiscence of such new development of two great nations on both sides of the Pacific in the 21st century.
July 28, 2009 at 9 p.m.
Such historical background reminds me of my other experiences:
I published "A Glimpse of the Chinese Language" in 1965 at the RAND Corporation and hinted the desirability for China to be open to the world via Pin Yin system of romanization for understanding on page 8. Available at www.rand.org at PDF format free of charge for public service. In 1964-1965, Dr, Kissinger was a Consultant and I was a member of the research staff of the Department of Economics and taught the Chinese language and did research on China's economy with economist Richard Moorsteen who published "Remaking China Policy" in 1971, Harvard University Press. Dr. Kissinger visited China in 1971 and Nixon visited in 1972.
I lectured economics at Beida and in Shanghai Fudan University in 1981. In 1982, I was a Visiting Consultant of United Nations Development Program(UNDP) in Beijing and Shanghai. And also in 1986-1987 in Beijing and Shanghai. I was a Fulbright Senior Scholar in Hong Kong,1989-1990. I was an American expert in Guangzhou in 1992-93 and in Beijing from 1993-1996.
Deputy PM Wang also called attention to the dinner guests about Expo 2010 in Shanghai and the American Hall will be completed before May 2010 with his invitation to welcome all who would have an opportunity to witness a modern Shanghai as the host of World Exposition.
As a native of Shanghai , I am proud of Shanghai and I am now teaching Wu dialect to Americans who would have an extra dimension of knowing the Shanghainese which is being spoken in Shanghai even though Mandarin is the official language as "Putonghua" the common language of the Chinese folks. I have reason to believe that Americans are interested in the Wu dialect. Shanghainese is being offered at www.dictyon.net in Maryland,USA.
Francis Shieh a.k.a. Xie Shihao , an octogenarian graduate student from Shanghai in 1947,witnessing Sino-American economics for decades with joyful reminiscence of such new development of two great nations on both sides of the Pacific in the 21st century.
July 28, 2009 at 9 p.m.
The Closing speech by Deputy of State Dai:Phoenix TV from Hong Kong
The Deputy State Official stated that China's market economy is recognized by the United States and he hopes that reporters in the media would be accurate and positive for such a significant conference affecting peace and global economic issues in the 21st century.
I have expressed my thought about China's market economy from my on-the-spot observation in my past blogs and I am glad to see such endorsement by the U.S. leaders.
Money is not the be-all and end-all; rather it is a vehicle to getting what folks need for necessities in life. Such understanding would be part and parcel to affect consumer behavior in economics.
Glamour and luxury are not essential for happiness. Happiness is not material consumption over desire only as I sent my blogs in the past.
The goal of economic stability is the proper lifestyle for the folks in the USA and in China for the need of ethics and morality to understand the importance of the public interest over the private interest. President Obama cited Mencius and Secretary of State Hillary Clinton quoted Confucius. I did my work on Confucianism with Mencius in particular as my thesis for my graduate degree at Georgetown University in 1950. I sent such work to the White House several weeks ago and am intellectually satisfied to witness such reception by American leaders.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student of economic philosophy on July 28, 2009 at 6.16 p.m.
I have expressed my thought about China's market economy from my on-the-spot observation in my past blogs and I am glad to see such endorsement by the U.S. leaders.
Money is not the be-all and end-all; rather it is a vehicle to getting what folks need for necessities in life. Such understanding would be part and parcel to affect consumer behavior in economics.
Glamour and luxury are not essential for happiness. Happiness is not material consumption over desire only as I sent my blogs in the past.
The goal of economic stability is the proper lifestyle for the folks in the USA and in China for the need of ethics and morality to understand the importance of the public interest over the private interest. President Obama cited Mencius and Secretary of State Hillary Clinton quoted Confucius. I did my work on Confucianism with Mencius in particular as my thesis for my graduate degree at Georgetown University in 1950. I sent such work to the White House several weeks ago and am intellectually satisfied to witness such reception by American leaders.
Francis Shieh a.k.a. Xie Shihao, an octogenarian student of economic philosophy on July 28, 2009 at 6.16 p.m.
President Obama cited Mencius at the Dialogue
Phoenix TV, Hong Kong on Wednesday morning,July 29, 09 reports President Obama quoted Mencius in his speech to the audience apropos of US-China strategic Economic Dialogue.
I sent my work on Mencius to the White House several weeks ago and I am glad to see such citation to that effect.
Moreover,Secretary of State Hillary Clinton cited Confucius and I have stressed Confucianism as the role model of folks in China and in the US as well re ethics and morality.
Washington Post, July 278, 09 page A14 reports soldiers find that laughter truly is the best medicine. I have pointed out in my blogs that laughter begets longevity and such mindset would be positive for physical wellness.
Francis Shieh a.k.a. Xie Shihao, an observer of US-China economic relations from 1947 to date with focus on comparative philosophy for the wellbeing of humanity.
Tuesday, July 28, 2009 at 4.56 p.m.
I sent my work on Mencius to the White House several weeks ago and I am glad to see such citation to that effect.
Moreover,Secretary of State Hillary Clinton cited Confucius and I have stressed Confucianism as the role model of folks in China and in the US as well re ethics and morality.
Washington Post, July 278, 09 page A14 reports soldiers find that laughter truly is the best medicine. I have pointed out in my blogs that laughter begets longevity and such mindset would be positive for physical wellness.
Francis Shieh a.k.a. Xie Shihao, an observer of US-China economic relations from 1947 to date with focus on comparative philosophy for the wellbeing of humanity.
Tuesday, July 28, 2009 at 4.56 p.m.
FED Chairman Bernanke said about Forecasting
Washington Post, July 27, 09 page A16:
"Economic forecasting makes weather forecasting look like physics," Prof. Bernanke said, offering a caveat before saying that FED leaders forecast that the unemployment rate will top 10% by the end of the year." Joblessness is certainly an issue for the American economy.
Comment: In physics,there is entropy in thermodynamics i.e. the uncertainty of a system. Economist Prof. Galbraith is so right in saying that there are those who don't know and those who don't know they don't know." I concur with Prof. Galbraith and reviewed his book entitled "Almost Everyone's Guide to Econonics" published by Atlantic Economic Journal, September 1979. May be searched online.
In Macroeconomics,John M. Keyes ' Model of the Cross of Aggregate Demand and Aggregate Supply is known with gaps and Obama's economic team honors Keynes. President Nixon said that" we are all Keynesian now" decades ago! In short,Political Economy is the way to go as published in "Keys for Economic Understanding" in 1971. www.Amazon.com for reference.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai in 1947 but still a student to verify economic theories with the "Work and Study Cycle Theory"(1978) to be validated and implemented in the 21st century to enhance productivity.
Tuesday, July 28, 2009
"Economic forecasting makes weather forecasting look like physics," Prof. Bernanke said, offering a caveat before saying that FED leaders forecast that the unemployment rate will top 10% by the end of the year." Joblessness is certainly an issue for the American economy.
Comment: In physics,there is entropy in thermodynamics i.e. the uncertainty of a system. Economist Prof. Galbraith is so right in saying that there are those who don't know and those who don't know they don't know." I concur with Prof. Galbraith and reviewed his book entitled "Almost Everyone's Guide to Econonics" published by Atlantic Economic Journal, September 1979. May be searched online.
In Macroeconomics,John M. Keyes ' Model of the Cross of Aggregate Demand and Aggregate Supply is known with gaps and Obama's economic team honors Keynes. President Nixon said that" we are all Keynesian now" decades ago! In short,Political Economy is the way to go as published in "Keys for Economic Understanding" in 1971. www.Amazon.com for reference.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai in 1947 but still a student to verify economic theories with the "Work and Study Cycle Theory"(1978) to be validated and implemented in the 21st century to enhance productivity.
Tuesday, July 28, 2009
Monday, July 27, 2009
On the Lighter Side: Humor in USA to be shared with China
1. Age is something that doesn't matter, unless you are a cheese. Most Chinese don't seem to like cheese but age is respected for seasoned maturity. Age is merely a number and a number is a number and a number,indeed!
2. If you are too lazy to start any thing, you may get a reputation for "patience" Patience is a virtue. Procrastination is negative but turns out to be positive in humor.
3. Every dog has his/her day- but the nights are reserved for the cats. Both are pets.
4. Pets are not pests. A slip of "s" would make big difference!
5. A dentist and a manicurist fought tooth and nail. But the jobs call for such efforts.
6. Life begins at 40- but so do fallen arches, rheumatism, faulty eyesight, and the tendency to tell a story to the same person. Note: Life begins at 80 as revised by an octogenarian.
7. Police were called to a day-care center where a 3-year old was resisting a rest.
8. We'll never run out of math teachers because they always multiply. Language teachers are urgently needed because all folks must communicate to one another.
9. He/She who knows that enough is enough will always have enough. It is the mindset.
10. Common sense is the collection of prejudices acquired by age 18. A teenager knows all.
The above good-humored " intellectual delicatessen" is expected to amuse the thinkers hopefully. Moreover, laughter begets longevity looking forward to be centenarians.
Francis Shieh a.k.a. Xie Shihao seeking challenges to the mind for fun on Monday, July 27, 2009 at 7.36 a.m.
2. If you are too lazy to start any thing, you may get a reputation for "patience" Patience is a virtue. Procrastination is negative but turns out to be positive in humor.
3. Every dog has his/her day- but the nights are reserved for the cats. Both are pets.
4. Pets are not pests. A slip of "s" would make big difference!
5. A dentist and a manicurist fought tooth and nail. But the jobs call for such efforts.
6. Life begins at 40- but so do fallen arches, rheumatism, faulty eyesight, and the tendency to tell a story to the same person. Note: Life begins at 80 as revised by an octogenarian.
7. Police were called to a day-care center where a 3-year old was resisting a rest.
8. We'll never run out of math teachers because they always multiply. Language teachers are urgently needed because all folks must communicate to one another.
9. He/She who knows that enough is enough will always have enough. It is the mindset.
10. Common sense is the collection of prejudices acquired by age 18. A teenager knows all.
The above good-humored " intellectual delicatessen" is expected to amuse the thinkers hopefully. Moreover, laughter begets longevity looking forward to be centenarians.
Francis Shieh a.k.a. Xie Shihao seeking challenges to the mind for fun on Monday, July 27, 2009 at 7.36 a.m.
Sunday, July 26, 2009
Ethos and Lifestyles as the factors for Economics
"Economist" July 24, 2009 issue: The selected passages below for reflections:
A newly prominent field of behavioral economics on page 11. I believe in human behavior as a major factor in Economics.
Page 12 : Economists and Social scientists, trying to understand the real world.
Comment:The real world of the people such as PRC.
Economics is "Jingji" in Pin Yin. "Jingshijimin" 4 Chinese characters to indicate global concern for the folks on earth.
Page 65: Nobel Laureate Paul Krugman said"We are living through a dark age of macroeconomics in which the wisdom of the ancients has been lost. Perhaps we should remember Adam Smith as a professor of moral philosophy. Confucius/Mencius should be studied as well as ancient sages.
Andrews Lo of MIT suggested cause and effect studies. That mean ETIOLOGY as I sent my prior blogs. He also stated "reconciling adaptive market hypothesis" as LINGONOMICS as the previous blogs as well.
Page 67: "The seismic events of the past two years were a blow to credibility but may prove to be a spur to creativity."
Comment: Economics should be creative thinking,moving with the times re changes and choices of lifestyles and ethocs of the peoples in the world with dynamic stochastic equilibrium.
Francis Shieh a.k.a.Xie Shihao, a lifelong graduate student from China in 1947 to witness"60th year Cycle" apropos of Sino-American Economics with strategtic dialogue on July 27 and July 28, 2009 in Washington,DC.
Sunday, July 26, 2009 at 1.36 p.m.
A newly prominent field of behavioral economics on page 11. I believe in human behavior as a major factor in Economics.
Page 12 : Economists and Social scientists, trying to understand the real world.
Comment:The real world of the people such as PRC.
Economics is "Jingji" in Pin Yin. "Jingshijimin" 4 Chinese characters to indicate global concern for the folks on earth.
Page 65: Nobel Laureate Paul Krugman said"We are living through a dark age of macroeconomics in which the wisdom of the ancients has been lost. Perhaps we should remember Adam Smith as a professor of moral philosophy. Confucius/Mencius should be studied as well as ancient sages.
Andrews Lo of MIT suggested cause and effect studies. That mean ETIOLOGY as I sent my prior blogs. He also stated "reconciling adaptive market hypothesis" as LINGONOMICS as the previous blogs as well.
Page 67: "The seismic events of the past two years were a blow to credibility but may prove to be a spur to creativity."
Comment: Economics should be creative thinking,moving with the times re changes and choices of lifestyles and ethocs of the peoples in the world with dynamic stochastic equilibrium.
Francis Shieh a.k.a.Xie Shihao, a lifelong graduate student from China in 1947 to witness"60th year Cycle" apropos of Sino-American Economics with strategtic dialogue on July 27 and July 28, 2009 in Washington,DC.
Sunday, July 26, 2009 at 1.36 p.m.
Saturday, July 25, 2009
Are we seeking happiness in life? True or False?
Happiness=Material Consumption+Intellectual Pursuit+Spiritual Satisfaction+Good Health as numerator over Desire as the denominator.
Loving the way we live is the thing to happiness we have found. We have faith,hope and LOVE.
Happiness has taken on such a superficial meaning in our culture that it is often used to mean anything that brings us pleasure. But we have found that true happiness is a QUALITY or the mindset that emerges and matures in the process of human development. It is closely aligned with equanimity i.e. the ability to maintain our balance in the face of even the most trying circumstances.
We love what we do but did not always. It is known that the greatest contributioin we can offer to the world is to live honestly with integrity and to be at peace ourselves.
I have traveled paths to walk
Learned lessons old and new
And now this wisdom of my life
I am blessed to share with YOU.
Let kindness spread like sunshine
Embrace those who are sad
Respect thier dignity, give them joy
And leaving them feeling glad
Forgive those who might hurt you
And though you have your pride
Listen closely to their viewpoint
Try to see the other side.
Walk softly when you are angry
Try not to take offense
Invoke your sense of humor
Laughter has the clout to be on the way to longevity.
Hehahahahoho all the way and we shall live to be centenarians.
Francis Shieh a.k.a. Xie Shihao seeking genuine joy as an octogenarian with divine spirituality plus human companionship in the mundane world. Chinese culture+American culture would be my lifelong pursuit of knowledge and wisdom.
Saturday,July 25, 2009 at 3.46 p.m.
Loving the way we live is the thing to happiness we have found. We have faith,hope and LOVE.
Happiness has taken on such a superficial meaning in our culture that it is often used to mean anything that brings us pleasure. But we have found that true happiness is a QUALITY or the mindset that emerges and matures in the process of human development. It is closely aligned with equanimity i.e. the ability to maintain our balance in the face of even the most trying circumstances.
We love what we do but did not always. It is known that the greatest contributioin we can offer to the world is to live honestly with integrity and to be at peace ourselves.
I have traveled paths to walk
Learned lessons old and new
And now this wisdom of my life
I am blessed to share with YOU.
Let kindness spread like sunshine
Embrace those who are sad
Respect thier dignity, give them joy
And leaving them feeling glad
Forgive those who might hurt you
And though you have your pride
Listen closely to their viewpoint
Try to see the other side.
Walk softly when you are angry
Try not to take offense
Invoke your sense of humor
Laughter has the clout to be on the way to longevity.
Hehahahahoho all the way and we shall live to be centenarians.
Francis Shieh a.k.a. Xie Shihao seeking genuine joy as an octogenarian with divine spirituality plus human companionship in the mundane world. Chinese culture+American culture would be my lifelong pursuit of knowledge and wisdom.
Saturday,July 25, 2009 at 3.46 p.m.
Consumer Protection/Health Care: Folks are concerned
Treasury Secretary Timothy F. Geithner supports transferring consumer protection authority from bank regulators to a new agency.
Federal Reserve Chairman Ban S. Bernanke argues that consumer protections are best overseen by the Fed and banking regulators.
Comptroller of the Currency John C. Dugan supports an agency to write financial rules to protect consumers, but says banking regulators should monitor and enforce the standards.
FDIC chairman Sheila C. Bair supports creating an agency to write financial rules to protect consumers, but says banking regulators should oversee sand enforce standards.
Published by the Washington Post, July 25, 2009 on page A12.
I would share their thoughts and would like to witness such leaders with clout to activate their thoughts into action for the best interests of consumers in USA.
In China, leaders are saying the same for folks in China.
My best wishes to thinkers to enpower more clout to ordinary citizens for the wellbeing of all taxpayers in both nations.
Francis Shieh a.k.a. Xie Shihao on July 25, 2009 at 10.46 a.m.
Note: My previous blog has a typo error.
No. 5 in "Treasures in Trio": Should be: Mannerism not Mannernism,my finger goofed for the letter" n." With Regrets!
Federal Reserve Chairman Ban S. Bernanke argues that consumer protections are best overseen by the Fed and banking regulators.
Comptroller of the Currency John C. Dugan supports an agency to write financial rules to protect consumers, but says banking regulators should monitor and enforce the standards.
FDIC chairman Sheila C. Bair supports creating an agency to write financial rules to protect consumers, but says banking regulators should oversee sand enforce standards.
Published by the Washington Post, July 25, 2009 on page A12.
I would share their thoughts and would like to witness such leaders with clout to activate their thoughts into action for the best interests of consumers in USA.
In China, leaders are saying the same for folks in China.
My best wishes to thinkers to enpower more clout to ordinary citizens for the wellbeing of all taxpayers in both nations.
Francis Shieh a.k.a. Xie Shihao on July 25, 2009 at 10.46 a.m.
Note: My previous blog has a typo error.
No. 5 in "Treasures in Trio": Should be: Mannerism not Mannernism,my finger goofed for the letter" n." With Regrets!
"Zhong suo zhou zhi" I.e. Common Ground for US and China
Life Awareness for Chinese and Americans alike in the mundane world:
Treasures in trio annotations "san ge zhu shi" in Pin Yin of 4 Chinese characters apropos of 10 points or 10 pointers for online readers to share sharpened wits(sic) -
1. Nature: Air, Water,Sunshine.
2. Heart: Kindness,Sincerity and Tolerance.
3. Demeanor: Mercy, Patience, Tranquility.
4. Conversation: Please,Thanks and Mea Culpa.
5. Mannernism: Courtesy, Modesty and Praise.
6. Food: Balance, Restraint and Slow-Intake.
7. Health: Moderation,Temperance and Walk.
8. Family: Gratitude,Humor and Thoughtfulness.
9. Problems: Decision, Management and Resolution.
10.Blessings: Eat well, Sleep soundly and Laugh heartily.
The above words are meaningful to be dedicated to my beloved friends in our daily living on earth.
Francis Shieh a.k.a. Xie Shihao, a lifelong graduate student from Shanghai, China in 1947,as a timeless thinker in economic philosophy with innate everlasting Confucian culture from China plus the opportunity to learn the American culture of virtues which is common to the folks in the 21st century.
Americans study China and Chinese learn USA for the sake of humanity. The strategic Economic Dialogue to be held in Washington,DC next week on July 27 and July 28, 2009 would be a matter of great significance in history for mutual understanding during the global economic crisis.
Saturday,July 25, 2009 at 9.48 a.m.
Treasures in trio annotations "san ge zhu shi" in Pin Yin of 4 Chinese characters apropos of 10 points or 10 pointers for online readers to share sharpened wits(sic) -
1. Nature: Air, Water,Sunshine.
2. Heart: Kindness,Sincerity and Tolerance.
3. Demeanor: Mercy, Patience, Tranquility.
4. Conversation: Please,Thanks and Mea Culpa.
5. Mannernism: Courtesy, Modesty and Praise.
6. Food: Balance, Restraint and Slow-Intake.
7. Health: Moderation,Temperance and Walk.
8. Family: Gratitude,Humor and Thoughtfulness.
9. Problems: Decision, Management and Resolution.
10.Blessings: Eat well, Sleep soundly and Laugh heartily.
The above words are meaningful to be dedicated to my beloved friends in our daily living on earth.
Francis Shieh a.k.a. Xie Shihao, a lifelong graduate student from Shanghai, China in 1947,as a timeless thinker in economic philosophy with innate everlasting Confucian culture from China plus the opportunity to learn the American culture of virtues which is common to the folks in the 21st century.
Americans study China and Chinese learn USA for the sake of humanity. The strategic Economic Dialogue to be held in Washington,DC next week on July 27 and July 28, 2009 would be a matter of great significance in history for mutual understanding during the global economic crisis.
Saturday,July 25, 2009 at 9.48 a.m.
Sunday, July 19, 2009
Albert Einstein made the following remarks
"Out of clutter, find simplicity": Desk in the Living Room. 3S-2d=rca: The formula:
S stands for Simplicity,serenity and sincerity.
D - disappointment and discouragement: to be out.
A for Amity.
Words to live by!
S stands for Simplicity,serenity and sincerity.
D - disappointment and discouragement: to be out.
A for Amity.
Words to live by!
Business Week,July 27, 2009 CHINA on the cover
China Goes Shopping:
"Chinese companies from oil refiner Sinopec to carmaker Beijing Automobile, Haier have invested in investing Opel car in Germany,an upscale Japanese department store."
The above happenings dovetail Joseph E. Stiglitz's article in "The Nation" July 13,2009 issue:
"It is time to restructure the world's economy to ensure a more stable and more
shared prosperity." Such distribution of wealth is inline with globalization of humanity.
"Economist" July 17, 2009 issue:Focus,Chief Economist at the World Bank Justin Lin argues the low-income countries need to make small local banks the mainstay(Shou yao zhi cheng" in Pin Yin )of the financial system. I would concur but would add the role of community colleges on the local level to train folks with basic knowledge in Economics. More evidence below:
Washington Post,Sunday, July 19, 2009 on page C6:
In August 2009 the University of the District of Columbia will inaugurate a stand-alone community college, offering more than 20 associate degree and certificate programs as well as over 25 workforce development programs to prepare students for successful careers and academic achievement. The community college will deliver what President Obama is calling for: innovative, results-driven program that enrich the city with educated, qualifed student, ready to contribute.Allen Sessoms,President of the University of DC stated. Such statement would coincide the theme of the article entitled "The Future of Community Colleges" published in the Congressional Record,July 18, 1974 for reference.
Francis Shieh a.k.a. Xie Shihao, an advocate of community colleges as a source of economic development with the following works:-
1. "Keys for Economic Understanding" published in 1971 www/Amazon.com book catalog.
2. "Keys to Economic University" www.ask.com for information.
3. "Work and Study Cycle Theory" to be validated and implemented in USA or in China to enhance productivity for economic growth.
Sunday, July 19, 2009 at 1.46 p.m.
"Chinese companies from oil refiner Sinopec to carmaker Beijing Automobile, Haier have invested in investing Opel car in Germany,an upscale Japanese department store."
The above happenings dovetail Joseph E. Stiglitz's article in "The Nation" July 13,2009 issue:
"It is time to restructure the world's economy to ensure a more stable and more
shared prosperity." Such distribution of wealth is inline with globalization of humanity.
"Economist" July 17, 2009 issue:Focus,Chief Economist at the World Bank Justin Lin argues the low-income countries need to make small local banks the mainstay(Shou yao zhi cheng" in Pin Yin )of the financial system. I would concur but would add the role of community colleges on the local level to train folks with basic knowledge in Economics. More evidence below:
Washington Post,Sunday, July 19, 2009 on page C6:
In August 2009 the University of the District of Columbia will inaugurate a stand-alone community college, offering more than 20 associate degree and certificate programs as well as over 25 workforce development programs to prepare students for successful careers and academic achievement. The community college will deliver what President Obama is calling for: innovative, results-driven program that enrich the city with educated, qualifed student, ready to contribute.Allen Sessoms,President of the University of DC stated. Such statement would coincide the theme of the article entitled "The Future of Community Colleges" published in the Congressional Record,July 18, 1974 for reference.
Francis Shieh a.k.a. Xie Shihao, an advocate of community colleges as a source of economic development with the following works:-
1. "Keys for Economic Understanding" published in 1971 www/Amazon.com book catalog.
2. "Keys to Economic University" www.ask.com for information.
3. "Work and Study Cycle Theory" to be validated and implemented in USA or in China to enhance productivity for economic growth.
Sunday, July 19, 2009 at 1.46 p.m.
Saturday, July 18, 2009
Delivering China to a waiting world: TraVerus/ChinaClicks2
Historically China's tradition,people and scenic beauty have been largely veiled in seclusion. With the opening up in globalization, China is undergoing a transformation. The mission is to bring the China of ancient times into the future and to a waiting world in the 21st century.
However, language is the means of communication and it would be advisable for Westerners to learn the Chinese language for cultural enrichment in practical needs to travel to China.
"A Glimpse of the Chinese Language"(1965) www.rand.org in PDF format, available free of charge as a public service.
On page 8 , the author encouraged China to join the world in the name of humanity. It was published in 1965 with a vision and such foresight is gaining momentum in the 21st century. Beijing had Olympics in 2008 and Shanghai will be the host of World Expo in 2010.
Three Companies, One Mission:
The Golden Triangle is composed of 5CTV, China Clicks 2, and TraVerus Travel.
China, home to circa 1.5 billion people i.e. 22% of the world's population, is an enormous player in the global market. China's market system is now in clear evidence. China's contribution to recover global financial crisis is in full swing as known to the world.
Francis Shieh a.k.a. Xie Shihao is glad to witness China entering international community to make contributions in the global context.
Saturday, July 18, 2009 at 11.30 a.m.
However, language is the means of communication and it would be advisable for Westerners to learn the Chinese language for cultural enrichment in practical needs to travel to China.
"A Glimpse of the Chinese Language"(1965) www.rand.org in PDF format, available free of charge as a public service.
On page 8 , the author encouraged China to join the world in the name of humanity. It was published in 1965 with a vision and such foresight is gaining momentum in the 21st century. Beijing had Olympics in 2008 and Shanghai will be the host of World Expo in 2010.
Three Companies, One Mission:
The Golden Triangle is composed of 5CTV, China Clicks 2, and TraVerus Travel.
China, home to circa 1.5 billion people i.e. 22% of the world's population, is an enormous player in the global market. China's market system is now in clear evidence. China's contribution to recover global financial crisis is in full swing as known to the world.
Francis Shieh a.k.a. Xie Shihao is glad to witness China entering international community to make contributions in the global context.
Saturday, July 18, 2009 at 11.30 a.m.
Friday, July 17, 2009
Science has only scratched the surface of how language affects thought
NEWSWEEK magazine, July 20, 2009 issue on page 31:
A science editor wrote: "Language may shape our thoughts. The effect is powerful enough that private mental lives of speakers of different languages may differ dramatically.
The basic sensory perception and a small plake can have an effect on how people think about things in the world."
The impact and repercussions are too crucial to be ignored. The consequence would imply the crucial decision for peace and economic development. i.e. "You jin yao guan tou de jue ding xing" in Pin Yin system of romanization.
Perception and reception are testimonials to effective communication in every field of endeavor. That is why the study of foreign languages are so critical in the 21st century when USA continues to assume leadership in the world.
US-China relations are the most significant one as perceived by leaders in USA and in China as well.
Chinese characters are ideograms(ideograph) with circa 200 radical index to indicate philology with a taste of ethnology to etiology.
It is important for Chinese folks to study American English in order to be able to understand USA in the 21st century and it is more significant for Americans to study the Chinese language for more effective contacts with the Chinese. A case of point would be the study of the Wu dialect i.e. Shanghainese for World Expo in 2010. An American Hall is being built in Shanghai and is expected to be completed before May 2010.
"A Glimpse of the Chinese Language" is available free of charge at PDF format via www.rand.org for initial exposure in English as a form of art and music for cultural enrichment apropos of the harmony in humanity.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai since 1926 and a graduate scholar in USA since 1947.
Friday,July 17, 2009 at 2.30 p.m.
A science editor wrote: "Language may shape our thoughts. The effect is powerful enough that private mental lives of speakers of different languages may differ dramatically.
The basic sensory perception and a small plake can have an effect on how people think about things in the world."
The impact and repercussions are too crucial to be ignored. The consequence would imply the crucial decision for peace and economic development. i.e. "You jin yao guan tou de jue ding xing" in Pin Yin system of romanization.
Perception and reception are testimonials to effective communication in every field of endeavor. That is why the study of foreign languages are so critical in the 21st century when USA continues to assume leadership in the world.
US-China relations are the most significant one as perceived by leaders in USA and in China as well.
Chinese characters are ideograms(ideograph) with circa 200 radical index to indicate philology with a taste of ethnology to etiology.
It is important for Chinese folks to study American English in order to be able to understand USA in the 21st century and it is more significant for Americans to study the Chinese language for more effective contacts with the Chinese. A case of point would be the study of the Wu dialect i.e. Shanghainese for World Expo in 2010. An American Hall is being built in Shanghai and is expected to be completed before May 2010.
"A Glimpse of the Chinese Language" is available free of charge at PDF format via www.rand.org for initial exposure in English as a form of art and music for cultural enrichment apropos of the harmony in humanity.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai since 1926 and a graduate scholar in USA since 1947.
Friday,July 17, 2009 at 2.30 p.m.
SEQUEL to Longevity to be centenarians with marketable skills
Healthy Attitude Stressing intellectual factors to be discovered if detected.
Happiness is NOT material consumption over Desire only. Intellectual Pursuit,Spiritual Satisfaction and Good Health must be added to the numerator over the denominator of Desire as a proper formula for Genuine Happiness. How to gain happiness in life? Read below with insights: -
It should be known that the subject of aesthetics is worthy of note plus the study of epistemology,cosmology and ontology. Everything is ontologically good as Mencius advocated centuries ago. I remember vividly since 1940s and I still keep such aphorism in my mind everyday. Try my recommendation and you will love to be alive with sound mindset. Mental health is an area that is often only whispered about if not completely ignored, but it is gaining advocates lately as per the increasing cases. Global economic recession maybe one of the causes with the study of etiology for understanding.
Folks may transform pain into poetry: thinking about lifetime journeys from confusion to discovery, from spiritual valleys to mountaintops, and, as we may explore from pain to empowerment. via the study of philosophy, the ultimate subject matter for all folks.
Poetry is a part of that stability on personal level. My parents expected me to be a poet with heroic deeds i.e. "Shihao "in Pin Yin system of romanization) I strive to be a lifelong student of languages and philosophy i.e. American English, Chinese Mandarin and Wu dialect plus philosophy in economics.
If someone has been diagnosed with mental depression with anxiety symptoms during economic depression,read the blogs for knowledge and wisdom + prayers when needed with a spiritual song. Such placebo would beget holy insights in the mundane world. Do our soul-searching because our souls are immortal even though we can look at the palm of our hands and discover the letter M as we are mortals.
Washington Post, July 17, 2009 on page A16:
Mary Sanik wrote to the editor: The parents refused to accept the idea that maybe their children would be happier and more productive if they were allowed to become plumbers or cooks or any skilled labor to get jobs more readily." Such realities is evident in USA and in China as well. "Keys for Economic Understanding" fits into such realistic situations in the 21st century.
Francis Shieh a.k.a. Xie Shihao striving to be happy and productive in witnessing the real economics to share with readers online re Sino-American economics with faith,hope and love.
Friday, July 17, 2009 at 10.16 a.m.
Happiness is NOT material consumption over Desire only. Intellectual Pursuit,Spiritual Satisfaction and Good Health must be added to the numerator over the denominator of Desire as a proper formula for Genuine Happiness. How to gain happiness in life? Read below with insights: -
It should be known that the subject of aesthetics is worthy of note plus the study of epistemology,cosmology and ontology. Everything is ontologically good as Mencius advocated centuries ago. I remember vividly since 1940s and I still keep such aphorism in my mind everyday. Try my recommendation and you will love to be alive with sound mindset. Mental health is an area that is often only whispered about if not completely ignored, but it is gaining advocates lately as per the increasing cases. Global economic recession maybe one of the causes with the study of etiology for understanding.
Folks may transform pain into poetry: thinking about lifetime journeys from confusion to discovery, from spiritual valleys to mountaintops, and, as we may explore from pain to empowerment. via the study of philosophy, the ultimate subject matter for all folks.
Poetry is a part of that stability on personal level. My parents expected me to be a poet with heroic deeds i.e. "Shihao "in Pin Yin system of romanization) I strive to be a lifelong student of languages and philosophy i.e. American English, Chinese Mandarin and Wu dialect plus philosophy in economics.
If someone has been diagnosed with mental depression with anxiety symptoms during economic depression,read the blogs for knowledge and wisdom + prayers when needed with a spiritual song. Such placebo would beget holy insights in the mundane world. Do our soul-searching because our souls are immortal even though we can look at the palm of our hands and discover the letter M as we are mortals.
Washington Post, July 17, 2009 on page A16:
Mary Sanik wrote to the editor: The parents refused to accept the idea that maybe their children would be happier and more productive if they were allowed to become plumbers or cooks or any skilled labor to get jobs more readily." Such realities is evident in USA and in China as well. "Keys for Economic Understanding" fits into such realistic situations in the 21st century.
Francis Shieh a.k.a. Xie Shihao striving to be happy and productive in witnessing the real economics to share with readers online re Sino-American economics with faith,hope and love.
Friday, July 17, 2009 at 10.16 a.m.
Thursday, July 16, 2009
Lifestyle for centenarians apropos of longevity: Goal for folks in USA or China
Stanford University Report for American Academy of Anti-aging Medicine:
Habits for your reference. Read 10 points/pointers with your own modifications.
1. Sleep 7 to 8 hours at night.
2. Always eat breakfast. Needless to say,other meals are needed.
3. No smoking but fresh air would be fine.
4. Exercise regularly such as walking everyday.
5. Little or no alcohol.
6. No weight gain. Eat 70% to feed the stomach.
7. Little sugary snacks.
8. Smile often.
9. Cheerful upbeat.
10.Keep busy all the time.
Laughter generates longevity. Be optimistic. Take things easy. Everything is going to be Alright. Honeychild. Be child-like with innocence.
Hehehahahoho all the way and think positively. Life is an exciting journey as a happy tourist in the mundane world.
Francis Shieh a.k.a. Xie Shihao, thanks from a poet with fortitude.
Pin Yin for xie shihao maybe "explanation is good" or "slanting eye is OK" in different Chinese characters. Lots of fun but machine translations are leading to astray. "mitu" in Pin Yin.
A lively teacher is a "must" to study the Chinese language. Machine translations would be the blind leading the blind and fall into the trap of misunderstanding or errors galore!
Thursday,July 16, 2009 at 3.10 p.m.
Habits for your reference. Read 10 points/pointers with your own modifications.
1. Sleep 7 to 8 hours at night.
2. Always eat breakfast. Needless to say,other meals are needed.
3. No smoking but fresh air would be fine.
4. Exercise regularly such as walking everyday.
5. Little or no alcohol.
6. No weight gain. Eat 70% to feed the stomach.
7. Little sugary snacks.
8. Smile often.
9. Cheerful upbeat.
10.Keep busy all the time.
Laughter generates longevity. Be optimistic. Take things easy. Everything is going to be Alright. Honeychild. Be child-like with innocence.
Hehehahahoho all the way and think positively. Life is an exciting journey as a happy tourist in the mundane world.
Francis Shieh a.k.a. Xie Shihao, thanks from a poet with fortitude.
Pin Yin for xie shihao maybe "explanation is good" or "slanting eye is OK" in different Chinese characters. Lots of fun but machine translations are leading to astray. "mitu" in Pin Yin.
A lively teacher is a "must" to study the Chinese language. Machine translations would be the blind leading the blind and fall into the trap of misunderstanding or errors galore!
Thursday,July 16, 2009 at 3.10 p.m.
WashPost,July 16th and TIME magazine July 20, 2009
Washington Post, July 16, 2009 page A14:
FED sees heightened joblessness drawing out recovery:
"The bottom line is that the economy is still very weak and very fragile," Said Bill Hampel, chief economist of the Credit Union National Association.
Federal Reserve projected that the unemployment rate may surpass 10% by end of the year and the economy may not return to full health for at least five years.
TIME magazine,July 20, 2009 issue page 48-51: "Can Community Colleges Save the US economy?" A Feature article citing the role of community colleges in USA to train workers to get jobs during the time of global recession. The following works are relevant to the role of American community colleges to enhance productivity for economic growth.
1.Congressional Record,July 18, 1974: Published "The Future of Community Colleges"
2. "Keys for Economic Understanding"(1971) had foresight about training and retraining of workers in 1200+ community colleges in USA to be employable for a changing economy. Saving Cash Living at home and get a job with a marketable skill.
President Obama is working on a plan to help every American get at least one year of college or vocational training.
3. "Keys to Economic Understanding" Publlished in 1976 apropos of the need of Vocational training for economic growth. www.ask.com for reference.
4. "Work and Study Cycle Theory" 1978,listed in the Library of Congress (www.loc.gov) may be validated and implemented in USA and in China.
Bill & Melijda Gates Foundation announced up to $500 million in grants, aiming to double college completion rates by 2025.
WashPost,July 16th page A14: with photos- Asian nations culd outpace US in developing clean energy:
Energy Secretary Steven Chu and Commerce Secretary Gary Locke are visiting China this week to discuss cooperation on energy efficiency, renewable energy and climate change.
Page A20: China's new stimulus plan raises the nation's 2020 target for solar power from 1.8 gigawatts to 20 gigawatts. China is trying to catch up in a global race to find alternatives to fossil fuels. China promotes vocational training as well. Such is the common ground of Sino-American economics.
President Obama said: "We can cede the race for the 21st century, or we can embrace the reality that our competitors already have: The nation that leads the world in creating a new clean energy economy will be the nation that leads the 21st century global economy." Nobody would impugn.
Francis Shieh a.k.a. Xie Shihao, watching cooperation and collaboration of USA and China for mutual benefit in the name of globalization re economics for humanity.
Thursday, July 16, 2009 at 12.18 p.m.
FED sees heightened joblessness drawing out recovery:
"The bottom line is that the economy is still very weak and very fragile," Said Bill Hampel, chief economist of the Credit Union National Association.
Federal Reserve projected that the unemployment rate may surpass 10% by end of the year and the economy may not return to full health for at least five years.
TIME magazine,July 20, 2009 issue page 48-51: "Can Community Colleges Save the US economy?" A Feature article citing the role of community colleges in USA to train workers to get jobs during the time of global recession. The following works are relevant to the role of American community colleges to enhance productivity for economic growth.
1.Congressional Record,July 18, 1974: Published "The Future of Community Colleges"
2. "Keys for Economic Understanding"(1971) had foresight about training and retraining of workers in 1200+ community colleges in USA to be employable for a changing economy. Saving Cash Living at home and get a job with a marketable skill.
President Obama is working on a plan to help every American get at least one year of college or vocational training.
3. "Keys to Economic Understanding" Publlished in 1976 apropos of the need of Vocational training for economic growth. www.ask.com for reference.
4. "Work and Study Cycle Theory" 1978,listed in the Library of Congress (www.loc.gov) may be validated and implemented in USA and in China.
Bill & Melijda Gates Foundation announced up to $500 million in grants, aiming to double college completion rates by 2025.
WashPost,July 16th page A14: with photos- Asian nations culd outpace US in developing clean energy:
Energy Secretary Steven Chu and Commerce Secretary Gary Locke are visiting China this week to discuss cooperation on energy efficiency, renewable energy and climate change.
Page A20: China's new stimulus plan raises the nation's 2020 target for solar power from 1.8 gigawatts to 20 gigawatts. China is trying to catch up in a global race to find alternatives to fossil fuels. China promotes vocational training as well. Such is the common ground of Sino-American economics.
President Obama said: "We can cede the race for the 21st century, or we can embrace the reality that our competitors already have: The nation that leads the world in creating a new clean energy economy will be the nation that leads the 21st century global economy." Nobody would impugn.
Francis Shieh a.k.a. Xie Shihao, watching cooperation and collaboration of USA and China for mutual benefit in the name of globalization re economics for humanity.
Thursday, July 16, 2009 at 12.18 p.m.
Consumer Behavior in USA and in China for research
Good Morning to YOU, I have reason to believe that lifestyles of Americans in USA and Chinese in China are noticeably different. China's farmers occupy circa +- 70% of the entire population and their ways are not the same as average Americans. Such disparity would affect the economy.
If we are researchers of behavioral economics,we must study Chinese culture which influences the habits of folks in China as traditional value. Morever,research in the original Chinese language would be the primary source of understanding behavior of folks in China.
The Fulbright program requires good command of the Chinese language for China Studies such as native fluency with a university degree from China or graduate studies in the Chinese language. That is certainly warranted in my judgment as a former researcher at the RAND Corporation,Santa Monica,California with publication of "A Glimpse of the Chinese Language" Available at www.rand.org for PDF format free of charge as a public service.
Francis Shieh a.k.a. Xie Shihao, a lifelong researcher of behavioral economics as my pursuit of economics since early 1940s at St. John's University in Shanghai,China
Thursday,July 16, 2009 at 6.18 a.m.
If we are researchers of behavioral economics,we must study Chinese culture which influences the habits of folks in China as traditional value. Morever,research in the original Chinese language would be the primary source of understanding behavior of folks in China.
The Fulbright program requires good command of the Chinese language for China Studies such as native fluency with a university degree from China or graduate studies in the Chinese language. That is certainly warranted in my judgment as a former researcher at the RAND Corporation,Santa Monica,California with publication of "A Glimpse of the Chinese Language" Available at www.rand.org for PDF format free of charge as a public service.
Francis Shieh a.k.a. Xie Shihao, a lifelong researcher of behavioral economics as my pursuit of economics since early 1940s at St. John's University in Shanghai,China
Thursday,July 16, 2009 at 6.18 a.m.
Wednesday, July 15, 2009
Stay healthy with a bit of humor in the lighter side
Be a vegetarian to maintain good health but once a while eat meat and fish for a balanced diet to reach equilibrium for all students of economics in the light vein.
Sample Veggie: www.nblbi.nih
Our bodies rely on 7 major nutrients:
1. Carbohydrates for muscle activity and the regulation of protein and fat metabolism.
2. Protein build blood, skin,hair,nails,organs,muscles for growth.
3. Minerals from water enabling vitamins to do the work.
4. Vitamins help activate chemical processes.
5. Fat is source of energy.
6. Fiber helps lower bad cholesterol.
7. Water is vital to the human body.
Source: "Essentials of Exercise Physiology," by William McAdle et al. National Academy of Sciences. NIH and USDA,
Here is Sino-American Economics of Human Capital of Health regardless of race,color,national origin, age et all as long as we are humanbeings on earth.
Francis Shieh a.k.a. Xie Shihao wishing all online readers to live to be centenarians with good food and eat lightly either Chinese or Non-Chinese having fresh food for keeping body and soul together in the mundane world.
P.S. General Tso's chicken is known to Americans but I am allergic to chicken ever since I was a little boy watching the cruel way of plucking the feathers. I developed a phoebia with such exposure about eight decades ago! In Pin Yin,General Zuo marched from Shaanxi province into Central Asia with 120,000 troops in Xinjiang,a province of China from history. There is no connection of the July 5th riot in Xinjiang because General Zuo is no longer in this world. Law and Order must be maintained without General Zuo and his famous chicken. KFC is popular in the USA and in China with Colonel Sanders t0 update the happenings now. Kentucky Colonels are doing eleemosynary work in Ky and in USA. That is not untrue as a Kentucky Colonel.
Wednesday, July 15, 2009 at 10.06 a.m.
Sample Veggie: www.nblbi.nih
Our bodies rely on 7 major nutrients:
1. Carbohydrates for muscle activity and the regulation of protein and fat metabolism.
2. Protein build blood, skin,hair,nails,organs,muscles for growth.
3. Minerals from water enabling vitamins to do the work.
4. Vitamins help activate chemical processes.
5. Fat is source of energy.
6. Fiber helps lower bad cholesterol.
7. Water is vital to the human body.
Source: "Essentials of Exercise Physiology," by William McAdle et al. National Academy of Sciences. NIH and USDA,
Here is Sino-American Economics of Human Capital of Health regardless of race,color,national origin, age et all as long as we are humanbeings on earth.
Francis Shieh a.k.a. Xie Shihao wishing all online readers to live to be centenarians with good food and eat lightly either Chinese or Non-Chinese having fresh food for keeping body and soul together in the mundane world.
P.S. General Tso's chicken is known to Americans but I am allergic to chicken ever since I was a little boy watching the cruel way of plucking the feathers. I developed a phoebia with such exposure about eight decades ago! In Pin Yin,General Zuo marched from Shaanxi province into Central Asia with 120,000 troops in Xinjiang,a province of China from history. There is no connection of the July 5th riot in Xinjiang because General Zuo is no longer in this world. Law and Order must be maintained without General Zuo and his famous chicken. KFC is popular in the USA and in China with Colonel Sanders t0 update the happenings now. Kentucky Colonels are doing eleemosynary work in Ky and in USA. That is not untrue as a Kentucky Colonel.
Wednesday, July 15, 2009 at 10.06 a.m.
Tuesday, July 14, 2009
Washington Post,July 14,09 Page A12
To my readers online:
It is good to read such news again in the Washington Post today apropos of the role of community colleges for economic recovery as I sent my e-mail to the White House several weeks ago.
I heard on the radio that President Obama is in Michigan lecturing about the community college as I published my article entitled "The Future of Community Colleges" in The Congressional Record,July 18, 1974 in the 20th century with a vision about the needs in the 21st century.
"Keys for Economic Understanding",published in 1971 with the same rationale to be searched at www.Amazon.com online book catalog for reader's reference.
In China,the "gray-collar" (between White Collar and Blue Collar) workers are needed and such jobs are para-professionals,similar to the type of students in community colleges in the United States to be trained with practical skills to serve the society.
Francis Shieh a.k.a. Xie Shihao is delighted to see such publicity in the media that I have been advocating for decades ever since I earned my California Teaching Credential in 196l.
Tuesday, July 14, 2009 at 3.06 p.m.
It is good to read such news again in the Washington Post today apropos of the role of community colleges for economic recovery as I sent my e-mail to the White House several weeks ago.
I heard on the radio that President Obama is in Michigan lecturing about the community college as I published my article entitled "The Future of Community Colleges" in The Congressional Record,July 18, 1974 in the 20th century with a vision about the needs in the 21st century.
"Keys for Economic Understanding",published in 1971 with the same rationale to be searched at www.Amazon.com online book catalog for reader's reference.
In China,the "gray-collar" (between White Collar and Blue Collar) workers are needed and such jobs are para-professionals,similar to the type of students in community colleges in the United States to be trained with practical skills to serve the society.
Francis Shieh a.k.a. Xie Shihao is delighted to see such publicity in the media that I have been advocating for decades ever since I earned my California Teaching Credential in 196l.
Tuesday, July 14, 2009 at 3.06 p.m.
Fruits and Veggie for the summer inducing good health
Spinach, broccoli, carrots or peas should be salads on the plates. Moreover, carrots with a big stick of celery, a garden plant with crisp juicy stems would be the ultimate healthy food with a bit of hyperbole.
Here is the common ground for Sino-American Economics of Health in USA and in China.
Francis Shieh a.k.a. Xie Shihao thinking of food to share with readers as friends online to strive to live to be centenarians. To be healthy is more meaningful than to be wealthy! Concur?
Tuesday, July 14th,a national holiday in France if I remember right. At 6.12 a.m.
Here is the common ground for Sino-American Economics of Health in USA and in China.
Francis Shieh a.k.a. Xie Shihao thinking of food to share with readers as friends online to strive to live to be centenarians. To be healthy is more meaningful than to be wealthy! Concur?
Tuesday, July 14th,a national holiday in France if I remember right. At 6.12 a.m.
Monday, July 13, 2009
Any assumption is subject to changes and tidbits
Robert Samuelson published his article in the Washington Post,July 13, 2009 on page A17:
"We face the consequences of much bigger government. Certainly higher taxes for future Americans. Probably a less robust economy. The Congressional Budget Office notes that elevated deficits would penalize saving, investment and income, while unprecedented tax burdens could slow the growth of the economy making the spending burden harder to bear."
We shall witness the empirical evidence in the years to come apropos of the real economy regardless of Lingonomics.
That is Samuelson's assumption with his negative scenario. I would be more optimistic when there is the trust of faith,hope and charity for the Obama administration.
Page A16: "The buildup of Guam will create thousands of jobs and opportunities for businesses. It is good to put Americans to work in an American territory building America's future in the Pacific region."
Comment: America's day starts at Guam and China is next to Guam as the neighbor across the Pacific Ocean for peace and economic development of USA and China in the 21st century.
Page B$:
Elizabeth Schaler, 91. Itch to see the world: Led to Relief work in China in the late 1940s when I was in China. That is more than six decades ago as my personal history.
COMICS on page C8:
Dennis the Menace: Dennis,the kid was pulling the large curtain in the living room and his Mom said: "This isn't the jungle, and you're not Tarzan!" Such scene reminds of No. 1 son was doing the same when I was teaching in Michigan in 1961. The kid was 4 years young and he did what a 4-year boy would usually act: Adventure in the jungle as Tarzan. Father knows best ! Hehehahahoho all the way and we shall live to be centenarians. Amen!
The above case is family history: 48 years ago, almost half a century ago. Mom is gone and Dad is in the mundane world trying to be a centenarian with blogging + intellectual activities to use my mind with humor. Laughter begets longevity to be upbeat with cheer in thought
Francis Shieh a.k.a. Xie Shihao on Monday, July 13, 2009 at 10.16 a.m.
"We face the consequences of much bigger government. Certainly higher taxes for future Americans. Probably a less robust economy. The Congressional Budget Office notes that elevated deficits would penalize saving, investment and income, while unprecedented tax burdens could slow the growth of the economy making the spending burden harder to bear."
We shall witness the empirical evidence in the years to come apropos of the real economy regardless of Lingonomics.
That is Samuelson's assumption with his negative scenario. I would be more optimistic when there is the trust of faith,hope and charity for the Obama administration.
Page A16: "The buildup of Guam will create thousands of jobs and opportunities for businesses. It is good to put Americans to work in an American territory building America's future in the Pacific region."
Comment: America's day starts at Guam and China is next to Guam as the neighbor across the Pacific Ocean for peace and economic development of USA and China in the 21st century.
Page B$:
Elizabeth Schaler, 91. Itch to see the world: Led to Relief work in China in the late 1940s when I was in China. That is more than six decades ago as my personal history.
COMICS on page C8:
Dennis the Menace: Dennis,the kid was pulling the large curtain in the living room and his Mom said: "This isn't the jungle, and you're not Tarzan!" Such scene reminds of No. 1 son was doing the same when I was teaching in Michigan in 1961. The kid was 4 years young and he did what a 4-year boy would usually act: Adventure in the jungle as Tarzan. Father knows best ! Hehehahahoho all the way and we shall live to be centenarians. Amen!
The above case is family history: 48 years ago, almost half a century ago. Mom is gone and Dad is in the mundane world trying to be a centenarian with blogging + intellectual activities to use my mind with humor. Laughter begets longevity to be upbeat with cheer in thought
Francis Shieh a.k.a. Xie Shihao on Monday, July 13, 2009 at 10.16 a.m.
Readersdigest.com June 2009 issue: The Clout?
Circa 63% of US women said Mom calls the shots -not a coincidence in a country where a majority of women work outside the home.
Well,women in China work as well for equal opportunity in the 21st century.
There is the common pursuit of women in the West and in the East in terms of Sino-American Economics in the real world.
Query: Money is NOT the only pursuit in life. Intellectual and Spiritual satisfaction+ GOOD HEALTH. Concur? Think and Ponder and provide answers from readers online.
Francis Shieh a.k.a. Xie Shihao, a watcher re the goal in life for folks in USA and in China.
Monday, July 13, 2009
Well,women in China work as well for equal opportunity in the 21st century.
There is the common pursuit of women in the West and in the East in terms of Sino-American Economics in the real world.
Query: Money is NOT the only pursuit in life. Intellectual and Spiritual satisfaction+ GOOD HEALTH. Concur? Think and Ponder and provide answers from readers online.
Francis Shieh a.k.a. Xie Shihao, a watcher re the goal in life for folks in USA and in China.
Monday, July 13, 2009
Sunday, July 12, 2009
President Obama writes on the role of community colleges
Washington Post,Sunday, July 12, 2009 on page A17:
"We believe it's time to reform our community colleges so that they provide Americans of all ages a chance to learn the skills and knowledge necessary to compete for the jobs of the future. It is estimated that we meet the goal of graduating 5 million more Americans from community colleges by 2020." Such passage can be read in President Obama's published article.
I sent my letter to the White House with such rationale several weeks ago and I am delighted to read such endorsement of my vision of "The Future of Community Colleges" published by the Congressional Record, July 18, 1974 issue.
Moreover, the following books are relevant to the role of community colleges to enhance productivity for economic development in USA.
1. Keys for Economic Understanding.(1971) www.Amazon.com book catalog.
2. Keys to Economic Understanding (1976) www.ask.com for reference.
3. Work and Study Cycle Theory (1978) Doctoral dissertation,listed at www.loc.gov Library of Congress online catalog and Georgetown University Library online catalog for relevance in the 21st century.
It is my intellectual utility(satisfaction) to read the publication by the President of the United States in the Washington Post today to reinforce my thoughts to resolve unemployment during the global economic crisis. Training and retraining would be the desiderata as prerequisite for job seekers.
Francis Shieh a.k.a. Xie Shihao, an observer of Sino-American economics of labor force development. Delta Output is the function of Delta L plus K.( L for Labor K for Capital Formation.) or O=f(A.K.L) A as technological progress. Needless to say,equation is subject to modifications from the readers online. Thank you.
Sunday, July 12, 2009 at 1.38 p.m.
"We believe it's time to reform our community colleges so that they provide Americans of all ages a chance to learn the skills and knowledge necessary to compete for the jobs of the future. It is estimated that we meet the goal of graduating 5 million more Americans from community colleges by 2020." Such passage can be read in President Obama's published article.
I sent my letter to the White House with such rationale several weeks ago and I am delighted to read such endorsement of my vision of "The Future of Community Colleges" published by the Congressional Record, July 18, 1974 issue.
Moreover, the following books are relevant to the role of community colleges to enhance productivity for economic development in USA.
1. Keys for Economic Understanding.(1971) www.Amazon.com book catalog.
2. Keys to Economic Understanding (1976) www.ask.com for reference.
3. Work and Study Cycle Theory (1978) Doctoral dissertation,listed at www.loc.gov Library of Congress online catalog and Georgetown University Library online catalog for relevance in the 21st century.
It is my intellectual utility(satisfaction) to read the publication by the President of the United States in the Washington Post today to reinforce my thoughts to resolve unemployment during the global economic crisis. Training and retraining would be the desiderata as prerequisite for job seekers.
Francis Shieh a.k.a. Xie Shihao, an observer of Sino-American economics of labor force development. Delta Output is the function of Delta L plus K.( L for Labor K for Capital Formation.) or O=f(A.K.L) A as technological progress. Needless to say,equation is subject to modifications from the readers online. Thank you.
Sunday, July 12, 2009 at 1.38 p.m.
Saturday, July 11, 2009
"Shanghai Girls" by Lisa See Reviewed by Janice Nimura
Washington Post, July 11, 2009 STYLE section Page C1,C3:
Book World: "Shanghai Girls" is published by Random House 314 pp. $25
Lisa See, the author, might be the daughter , granddaughter and great-grand-daughter of Caucasian women, but the Chinese great-grandfather who arrived in California in 1871 has proved the most influential of her ancestors. "I am Chinese in my heart,"See wrote in her family memoir, "On Gold Mountain."
San Francisco's Chinese name is "Old Gold Mountain" since I came to San Francisco from Shanghai in 1947 as a graduate student from Shanghai at the University of San Francisco.
"We raised our children to be Americans, but what we wanted were proper Chinese sons and daughters."
Comment: The proper Chinese offspring would imply the influence of traditional Chinese culture of Confucianism to respect the ancestors in China with filial piety of the family. To be Americans would mean to respect the law and order in USA. Such is the implication of the best of two nations. I envision the cooperation and collaboration of USA and China in the 21st century for mutual benefit in every field of endeavor in the nuclear age.
China's 20th century upheavals afford as much color as its days of old;"Shanghai Girls" will not lose See any fans, and it bravely moved her oeuvre( i.e. the work of a writer as a whole in French) into the challenging terrain of more recent history.
Nimura reviews for the Los Angeles Times and the Chicago Tribune.
Francis Shieh a.k.a. Xie Shihao appreciates this novel as a refreshing piece of history to bring back memories in China, San Francisco and Los Angeles in the 20th century. I feel like a Shanghai boy, a lifelong student to continue learning American English and American Culture of Economics with modifications in the 21st century.
Saturday, July 11, 2009 at 10 a.m.
Book World: "Shanghai Girls" is published by Random House 314 pp. $25
Lisa See, the author, might be the daughter , granddaughter and great-grand-daughter of Caucasian women, but the Chinese great-grandfather who arrived in California in 1871 has proved the most influential of her ancestors. "I am Chinese in my heart,"See wrote in her family memoir, "On Gold Mountain."
San Francisco's Chinese name is "Old Gold Mountain" since I came to San Francisco from Shanghai in 1947 as a graduate student from Shanghai at the University of San Francisco.
"We raised our children to be Americans, but what we wanted were proper Chinese sons and daughters."
Comment: The proper Chinese offspring would imply the influence of traditional Chinese culture of Confucianism to respect the ancestors in China with filial piety of the family. To be Americans would mean to respect the law and order in USA. Such is the implication of the best of two nations. I envision the cooperation and collaboration of USA and China in the 21st century for mutual benefit in every field of endeavor in the nuclear age.
China's 20th century upheavals afford as much color as its days of old;"Shanghai Girls" will not lose See any fans, and it bravely moved her oeuvre( i.e. the work of a writer as a whole in French) into the challenging terrain of more recent history.
Nimura reviews for the Los Angeles Times and the Chicago Tribune.
Francis Shieh a.k.a. Xie Shihao appreciates this novel as a refreshing piece of history to bring back memories in China, San Francisco and Los Angeles in the 20th century. I feel like a Shanghai boy, a lifelong student to continue learning American English and American Culture of Economics with modifications in the 21st century.
Saturday, July 11, 2009 at 10 a.m.
Friday, July 10, 2009
Lawrence Summers' judgment with comments
Lawrence H. Summers, director of the White House's National Economic Council said several days ago that unemployment and job loss have been greater than expected, given the level of GDP in the first two quarters of the year. In other words, the rate of economic contraction so far this year tracks with the administration's projections, but job losses nonetheless have been higher.
Comment: Keynesian Cross Model assumes the lines of Aggregate Demand and Aggregate Supply curves intersecting with the contractionary or expansionary gaps via C+I+G+F of changing levels from varied sectors. The wars are still going on in the G sector plus stimulus delivery and C sector(for consumers) and I sector(business investments) are moving at a slow pace. Nobody can be sure of the upcoming state of the economy on the basis of GDP but educated guesstimates with professional judgment may provide the directions of the moving economy. Readers online may provide views about such macro outlook of the economy.
USA Today,July 9, 2009 issue,Page 2: Global economy remains fragile. IMF Upbeat about China's growth but USA still seen slow.
Wall Street Journal, July 9, 2009 page B2: Toyota sees recovery in China as small vehicle sales jump. C sector is moving positively as evidence. But other sectors are unclear due to the impacts of global financial crisis.
The above may serve as fluid situations of Sino-American Economics with limited evidence.
Francis Shieh a.k.a. Xie Shihao, an octogenarian watcher on July 10, 2009 at 10.28 a.m.
Comment: Keynesian Cross Model assumes the lines of Aggregate Demand and Aggregate Supply curves intersecting with the contractionary or expansionary gaps via C+I+G+F of changing levels from varied sectors. The wars are still going on in the G sector plus stimulus delivery and C sector(for consumers) and I sector(business investments) are moving at a slow pace. Nobody can be sure of the upcoming state of the economy on the basis of GDP but educated guesstimates with professional judgment may provide the directions of the moving economy. Readers online may provide views about such macro outlook of the economy.
USA Today,July 9, 2009 issue,Page 2: Global economy remains fragile. IMF Upbeat about China's growth but USA still seen slow.
Wall Street Journal, July 9, 2009 page B2: Toyota sees recovery in China as small vehicle sales jump. C sector is moving positively as evidence. But other sectors are unclear due to the impacts of global financial crisis.
The above may serve as fluid situations of Sino-American Economics with limited evidence.
Francis Shieh a.k.a. Xie Shihao, an octogenarian watcher on July 10, 2009 at 10.28 a.m.
Thursday, July 9, 2009
SEQUEL to previous blog:A Life, and Values...
Washington Post,K.N. Rauch wrote a letter to the Editor on page A18:
"Michael Jackson was once a great performer and an American public icon, but that ceased being true years ago.
That America stopped to have a day-long orgy to "celebrate" Mr. Jackson, a man accused of child molestation and drug abuse, simply shows what a degenerate society America has become. Our mortal enemies speak of how corrupt our societal values are --the Jackson "celebration" proves them correct."
Comment: Look at our palms and discover the lines of M reminding us: mortality.
Comment: All human beings are mortals but our souls are immortal. Faith, Hope and Charity toward a departed person with memories of his worthy contributions and unworthy frailties as cited in Rauch's letter. Readers are invited to comment on the comments.
Francis Shieh, a.k.a. Xie Shihao, an octogenarian observer of American society in economics since 1947 as a graduate student from Shanghai, China.
Thursday, July 9, 2009 at 8 a.m.
"Michael Jackson was once a great performer and an American public icon, but that ceased being true years ago.
That America stopped to have a day-long orgy to "celebrate" Mr. Jackson, a man accused of child molestation and drug abuse, simply shows what a degenerate society America has become. Our mortal enemies speak of how corrupt our societal values are --the Jackson "celebration" proves them correct."
Comment: Look at our palms and discover the lines of M reminding us: mortality.
Comment: All human beings are mortals but our souls are immortal. Faith, Hope and Charity toward a departed person with memories of his worthy contributions and unworthy frailties as cited in Rauch's letter. Readers are invited to comment on the comments.
Francis Shieh, a.k.a. Xie Shihao, an octogenarian observer of American society in economics since 1947 as a graduate student from Shanghai, China.
Thursday, July 9, 2009 at 8 a.m.
Sequel to Humanity:All Cultures have some values in common
The concepts of values must be more or less universal. That is the goal of leaders to lead the peoples with trust in perception and reception.
Imagine what it would be like for a society to show no value on truth. When a person talks to another,there would be no presumption that he/she is telling the truth - for he/she could be speaking falsely. Within that society, there would be no reason to pay attention to what anyone says. However,there is also an assumption that he/she tells the truth in a decent society. Needless to say, the reception would be positive as well.
Communication in a good society should be truthful even though there may be exceptions to the general rule. Silence may be golden but there is no impression without expression.
Americans are known to be trusting and truthful and I have reason to believe that folks in China are the same as good folks. There should be goodwill among good people with some exceptions under certain circumstances as we have known via media stories nowadays such as greed and dishonest practices. Let us grin and bear it but justice will be the final outcome.
Training in ethics and morality would be leading to good citizenship and courses are being offered to business students. Such professional education in philosophy is essential for good value in the 21st century to resolve financial crisis in the global context to avoid deceitful scheme.
Francis Shieh a.k.a. Xie Shihao, a leaner of economic philosophy with special focus on etiology.
Thursday, July 9, 2009 at 6.22 a.m.
Imagine what it would be like for a society to show no value on truth. When a person talks to another,there would be no presumption that he/she is telling the truth - for he/she could be speaking falsely. Within that society, there would be no reason to pay attention to what anyone says. However,there is also an assumption that he/she tells the truth in a decent society. Needless to say, the reception would be positive as well.
Communication in a good society should be truthful even though there may be exceptions to the general rule. Silence may be golden but there is no impression without expression.
Americans are known to be trusting and truthful and I have reason to believe that folks in China are the same as good folks. There should be goodwill among good people with some exceptions under certain circumstances as we have known via media stories nowadays such as greed and dishonest practices. Let us grin and bear it but justice will be the final outcome.
Training in ethics and morality would be leading to good citizenship and courses are being offered to business students. Such professional education in philosophy is essential for good value in the 21st century to resolve financial crisis in the global context to avoid deceitful scheme.
Francis Shieh a.k.a. Xie Shihao, a leaner of economic philosophy with special focus on etiology.
Thursday, July 9, 2009 at 6.22 a.m.
Wednesday, July 8, 2009
World Economic System and Social Responsibility
Washington Post, July 8, 2009 Page A6:
Pope( the religious leader of the West and the East) criticizes world economic system, urges social responsibility. It is Socio-Economics in evidence. President Obama, the political leader of the West, will visit the Pope on Friday, July 10, 2009 as scheduled. They have some common ground in re wealth distribution with ethics and morality. Moreover,Pope advocates the creation of a world political authority to manage the economy i.e. Political Economy as I sent my previous blogs. Such is cited in "Keys for Economic Understanding." www.ask.com.
Adam Smith (of the West) was a professor of moral philosophy and Confucius/Mencius(of the East) stressed morality and ethics as well. The East and the West can be integrated on the same globe with deep reflections for further research.
"The primary capital to be safeguarded is people, Pope says, adding that economic systems need to be guided by charity and truth." It is known that human capital is to be utilized world-wide regardless of race,color or creed for the love of humanity as homosapiens.
COMICS on page C8: Family Circus Bil Keane A small kid says to his mother:
"Mr. Coverly didn't want any animal crackers. He says he's a vegetarian." A chuckle?
It is incorrect perception and reception. However,such mistakes may be relevant to the thoughts of folks talking about the economy. If truth is multi-dimensional as the nature of economics,how can anyone know the truth ? It is common sense that all folks make mistakes.
Economics covers everything under the sun and the moon. Would anyone be able to know everything? Not really. The reader is correct to be alert to the domain("fanwei or lingyu" in Pin Yin) of epistemology and etiology.
Francis Shieh a.k.a. Xie Shihao, an avid learner of macro views of things to share with readers online today.
Wednesday,July 8, 2009 at 11.12 a.m.
Pope( the religious leader of the West and the East) criticizes world economic system, urges social responsibility. It is Socio-Economics in evidence. President Obama, the political leader of the West, will visit the Pope on Friday, July 10, 2009 as scheduled. They have some common ground in re wealth distribution with ethics and morality. Moreover,Pope advocates the creation of a world political authority to manage the economy i.e. Political Economy as I sent my previous blogs. Such is cited in "Keys for Economic Understanding." www.ask.com.
Adam Smith (of the West) was a professor of moral philosophy and Confucius/Mencius(of the East) stressed morality and ethics as well. The East and the West can be integrated on the same globe with deep reflections for further research.
"The primary capital to be safeguarded is people, Pope says, adding that economic systems need to be guided by charity and truth." It is known that human capital is to be utilized world-wide regardless of race,color or creed for the love of humanity as homosapiens.
COMICS on page C8: Family Circus Bil Keane A small kid says to his mother:
"Mr. Coverly didn't want any animal crackers. He says he's a vegetarian." A chuckle?
It is incorrect perception and reception. However,such mistakes may be relevant to the thoughts of folks talking about the economy. If truth is multi-dimensional as the nature of economics,how can anyone know the truth ? It is common sense that all folks make mistakes.
Economics covers everything under the sun and the moon. Would anyone be able to know everything? Not really. The reader is correct to be alert to the domain("fanwei or lingyu" in Pin Yin) of epistemology and etiology.
Francis Shieh a.k.a. Xie Shihao, an avid learner of macro views of things to share with readers online today.
Wednesday,July 8, 2009 at 11.12 a.m.
Tuesday, July 7, 2009
Washington Times,July 7,09: Locke and Chu to China
Page A2: US Secretary of Commerce Gary locke and Secretary of Energy Steven Chu are going to China next week to boost US clean-technology exports. Both are the first Chinese Americans to hold positions in the Cabinet under Obama administration. They made American history to have such opportunity to serve the USA. They are the leaders to promote Sino-American Economics.
"Working together, we can accomplish more than we act alone. It is a matter of mutual benefit." Such statement is identical to my blogs in the past years to stress the benefit to be derived from cooperation and collaboration as I have envisioned.
USA Today, July 7, 2009: On page 1B -
"Household debt peaked at 133% of disposable income in 2007 vs. 65% in the mid 1980s. To pare it back to sustainable level, consumers will have to pay of roughly $5 trillion of the total debt outstanding." says David Rosenberg, Chief Economist of the investment firm Gluskin Sheff. That is more than China's total economic output.
Comment: Such statement appears to be impressive for the US economy but China is the creditor nation holding US government securities with faith in the United States. The lifestyles of the folks in US and in China are certainly different and the future of Sino-American Economics may be envisioned via the human behavior of the Confucian Chinese tradition. The readers are entitled to have thoughts via empirical evidence in the 21st century.
Page A10: Shanghai woos travelers for World Expo in 2010: Luxury will be the lure in China's largest city. Folks in Shanghai can speak Mandarin but Mandarin-speaking folks are unable to speak Wu dialect.(Shanghainese) Perhaps it is high time to learn the Wu dialect and many books have been published apropos of the Wu dialect. I have sent my blogs for such understanding. More folks(estimated 80 million+-) speak Wu dialect than the Cantonese dialect(about 77 million?) in Hong Kong,(SAR) and Guangdong province in the south.
It is known that Mandarin is the official language but Wu dialect(Shanghainese) is being spoken by folks in Shanghai. It would be desirable to be able to know the Wu dialect for cultural enrichment especially for World Expo in 2010 in Shanghai as a timely endeavor.
Wu dialect is offered at www.Dictyon.net, the gateway to global languges for reference.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai and an octogenarian student willing to learn American Culture re Lingonomics i.e. American English and Economics since 1947 as an alumnus of Shanghai's St. John's University, Class of 1946. Visit www.ask.com and click on St.John's University,Shanghai , China for details.
Tuesday, July 7, 2009 at 2.42 p.m.
"Working together, we can accomplish more than we act alone. It is a matter of mutual benefit." Such statement is identical to my blogs in the past years to stress the benefit to be derived from cooperation and collaboration as I have envisioned.
USA Today, July 7, 2009: On page 1B -
"Household debt peaked at 133% of disposable income in 2007 vs. 65% in the mid 1980s. To pare it back to sustainable level, consumers will have to pay of roughly $5 trillion of the total debt outstanding." says David Rosenberg, Chief Economist of the investment firm Gluskin Sheff. That is more than China's total economic output.
Comment: Such statement appears to be impressive for the US economy but China is the creditor nation holding US government securities with faith in the United States. The lifestyles of the folks in US and in China are certainly different and the future of Sino-American Economics may be envisioned via the human behavior of the Confucian Chinese tradition. The readers are entitled to have thoughts via empirical evidence in the 21st century.
Page A10: Shanghai woos travelers for World Expo in 2010: Luxury will be the lure in China's largest city. Folks in Shanghai can speak Mandarin but Mandarin-speaking folks are unable to speak Wu dialect.(Shanghainese) Perhaps it is high time to learn the Wu dialect and many books have been published apropos of the Wu dialect. I have sent my blogs for such understanding. More folks(estimated 80 million+-) speak Wu dialect than the Cantonese dialect(about 77 million?) in Hong Kong,(SAR) and Guangdong province in the south.
It is known that Mandarin is the official language but Wu dialect(Shanghainese) is being spoken by folks in Shanghai. It would be desirable to be able to know the Wu dialect for cultural enrichment especially for World Expo in 2010 in Shanghai as a timely endeavor.
Wu dialect is offered at www.Dictyon.net, the gateway to global languges for reference.
Francis Shieh a.k.a. Xie Shihao, a native of Shanghai and an octogenarian student willing to learn American Culture re Lingonomics i.e. American English and Economics since 1947 as an alumnus of Shanghai's St. John's University, Class of 1946. Visit www.ask.com and click on St.John's University,Shanghai , China for details.
Tuesday, July 7, 2009 at 2.42 p.m.
Washington Post, July 7, 2009 Reform and Comics
Page A16: HEALTH REFORM:
Tim Briggs wrote a letter to the Editor:
"Today we have no health care system. What we have is a patchwork of profit-making businesses leaching off society for the benefit of a handful."
Comment: That is the system but we look forward for Socio-Economics i.e. Economics works for a better American society.
"If the marketplace won't return us to a successful model, then let us to a successful model, then let government deliver one. Only when the profit motive is taken out of health care will we again be able to boast of the best health care in the world."
Comment: President Obama and the Congress are working and let us hope for the best in the years to come.
Comics for a laugh. Laughter begets longevity!:
"PICKLES" The lady got a rejection letter from her paintings. The authorities turned her down and said her work is "good and original."
Her hubby: "What is wrong with that?" The lady replied:
"My good work isn't original and original work isn't good."
Such funny happening made me laugh and in turn,longevity would ensue. "Genzhe fasheng" in Pin Yin system of romanization. I trust you would have a chuckle. "minzhe zui qingshengde xiao" in Pin Yin system of romanization.
"Xiao" leading folks to be centenarians as per medical research sources.
Here is Sino-American Economics of Health regardless of race, color or creed.
Francis Shieh a.k.a. Xie Shihao on Tuesday,July 7, 2009 at 10.46 a.m.
Tim Briggs wrote a letter to the Editor:
"Today we have no health care system. What we have is a patchwork of profit-making businesses leaching off society for the benefit of a handful."
Comment: That is the system but we look forward for Socio-Economics i.e. Economics works for a better American society.
"If the marketplace won't return us to a successful model, then let us to a successful model, then let government deliver one. Only when the profit motive is taken out of health care will we again be able to boast of the best health care in the world."
Comment: President Obama and the Congress are working and let us hope for the best in the years to come.
Comics for a laugh. Laughter begets longevity!:
"PICKLES" The lady got a rejection letter from her paintings. The authorities turned her down and said her work is "good and original."
Her hubby: "What is wrong with that?" The lady replied:
"My good work isn't original and original work isn't good."
Such funny happening made me laugh and in turn,longevity would ensue. "Genzhe fasheng" in Pin Yin system of romanization. I trust you would have a chuckle. "minzhe zui qingshengde xiao" in Pin Yin system of romanization.
"Xiao" leading folks to be centenarians as per medical research sources.
Here is Sino-American Economics of Health regardless of race, color or creed.
Francis Shieh a.k.a. Xie Shihao on Tuesday,July 7, 2009 at 10.46 a.m.
Lingonomics in Economics as Neologism
Greek philosophy took over the language of everyday speech and Chinese philosophy is loaded with aphorism i.e. "Geyan" or "zhenyan" in Pin Yin system of romanization. I do enjoy such sayings very much.
Since Greek is Greek to me so I can only appreciateChinese maxims on daily basis.
"nous" or mind and "psyche" or soul. Lots of English words are originated from the Greek as far as I know but I am no marvin. (sic)
Mind and Soul are significant in our daily living with the proper thoughts. It is up to you to ponder profoundly as thinkers.
Francis Shieh a.k.a. Xie Shihao sharing such wisdom with online readers. I hereby offer my very best wishs for a cheerful day with upbeat of our mind within our immortal soul.
Tuesday, July 7, 2009 at 6.22 a.m.
Since Greek is Greek to me so I can only appreciateChinese maxims on daily basis.
"nous" or mind and "psyche" or soul. Lots of English words are originated from the Greek as far as I know but I am no marvin. (sic)
Mind and Soul are significant in our daily living with the proper thoughts. It is up to you to ponder profoundly as thinkers.
Francis Shieh a.k.a. Xie Shihao sharing such wisdom with online readers. I hereby offer my very best wishs for a cheerful day with upbeat of our mind within our immortal soul.
Tuesday, July 7, 2009 at 6.22 a.m.
Monday, July 6, 2009
The iTunes Program:Washington Times,July 6, 2009
Online Learning Gains Approval:
The new report reinforces that effective teachers need to incorporate digital content into everyday classes and consider open-source learning management systems which have proven cost effective in colleges nationwide. The US Secretary of Education Arne Duncan said.
However,Online lectures are NOT the same as a classroom presentation especially in learning foreign languages. Person to person contacts are most effective with the face-to-face touch especially learning the Chinese language from empirical evidence.
WWW.Dictyon.net,the gateway to global languages has used both face-to-face and high-tech under the direction of Dr. Regas Santas with the assistance of Prof. Edd Turkow in teaching languages with testimonials from the students as high caliber linguists.
The Andrews AF Base Library has published Summer Reading Program,June 20th to August 12, 2009 with the following references:
Languages of the World:
1. Chinese Mandarin 1 billion +.
2. English 512 million.
3. Hindi 501 million.
4. Spanish 399 million.
5. Russian 285 million.
6. Arabic 265 million.
7. French 77 million.
8. Chinese Wu dialect(Shanghainese) 77 million.
Largest Cities on the Planet:
Shanghai, China 13.3 million
Shanghai will be the host for World Expo 2010 with participation of the USA and more than 100 other nations.
Source: www.worldatlas.com
Francis Shieh a.k.a. Xie Shihao on July 6, 2009.
The new report reinforces that effective teachers need to incorporate digital content into everyday classes and consider open-source learning management systems which have proven cost effective in colleges nationwide. The US Secretary of Education Arne Duncan said.
However,Online lectures are NOT the same as a classroom presentation especially in learning foreign languages. Person to person contacts are most effective with the face-to-face touch especially learning the Chinese language from empirical evidence.
WWW.Dictyon.net,the gateway to global languages has used both face-to-face and high-tech under the direction of Dr. Regas Santas with the assistance of Prof. Edd Turkow in teaching languages with testimonials from the students as high caliber linguists.
The Andrews AF Base Library has published Summer Reading Program,June 20th to August 12, 2009 with the following references:
Languages of the World:
1. Chinese Mandarin 1 billion +.
2. English 512 million.
3. Hindi 501 million.
4. Spanish 399 million.
5. Russian 285 million.
6. Arabic 265 million.
7. French 77 million.
8. Chinese Wu dialect(Shanghainese) 77 million.
Largest Cities on the Planet:
Shanghai, China 13.3 million
Shanghai will be the host for World Expo 2010 with participation of the USA and more than 100 other nations.
Source: www.worldatlas.com
Francis Shieh a.k.a. Xie Shihao on July 6, 2009.
Sequel of my previous blogs July 6 and July 5, 09
Washington Post, July 6, 2009 on page A5:" Paul Krugman has argued for more public spending" Cf." Economics in the Public Interest" by Richard T. Gill of Harvard University in 1980.4th Edition with citation of the same rationale. Cf."Keys for Economic Understanding" and blogs in the past for the same reasoning. Comparisons are the best bet for learning processes.
On page A15: Robert J. Samuelson wrote:"Economists Out to Lunch" in the light vein.
Niall Ferguson is a respected scholar who is also a successful popularizer. He is British and has taught at Oxford and New York University and is now at Harvard.
"Economists tend to focus directly on the spending of consumers,businesses and government." I sent my blog with C+I+G+F as Aggregate Demand in Macroeconomics for reader's reference.
The mathematical models are departing radically from reality that the conclusions become useless. I sent the same thought in my blog dated July 5, 2009.
His conclusion: Markets became more complex; more money crossed national borders; people became complacent. History moved on, but economists didn't." We are living in the age of electronics with high tech. but human beings are still human with frailties.
I would envision Philosophy to be the ultimate goal for seeking the answers apropos of human behavior to economics. Moreover,Ph.D. is Doctor of Philosophy in most disciplines. The thoughts of Adam Smith and Confucius/Mencius may be the Model from empirical evidence of China's economic achievement in the 21st century.
Confucianism is a philosophy than a religion. "Rujia Sixiang" in Pin Yin for "Boxue de Kongfuzi" i.e. The Erudite Confucian School of Thoughts. "Boxue " in Pin Yin means a scholar with comprehensive knowledge ="Boshi" in Pin Yin is equivalent to a holder of a doctorate.
The glorification of Confucius began after his death. Mencius (372-289 BC), or Menzi in Pin Yin,helped raise Confucian ideals into the national consciousness with the publication of "The Book of Mencius." Search "Philosophy of Mencius"(1950) at www.loc.gov Library of Congress online catalog for reference.
Eventually, Confucian philosophy permeated every level of Chinese society including spoken proverbs trickled down to the folks in China even to Korea,Japan that I visited in 1980s and in Singapore,Malaysia and Thailand in 1990s. The languages are different but the ideas and ideals of ethics and morality are the same to be the universal value for leaders to pursue the economic goal for a good society.
Needless to say,"Dao de Jing" by Laozi to show The Way & Its Power. Zhuangzi, who lived between 399 BC and 295 BC picked up where Laozi left off. The Book of Zhuanzi is still required reading for anyone trying to make sense of Daoism. Both Laozi and Zhuangzi are philosophers that I studied in the university in China in early 1940s.
Paul Krugman is seeking an innovative theory or model to solve economic problems. Perhaps it is high time to introduce Confucianism in terms of trying to resolve global economic crisis via the philosophy of Chinese moral leaders to serve the best interest of a society instead of personal gains and greed of some as known in the headlines.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economic philosophy since early 1940 to date for six decades Plus. July 6, 2009 at 11 a.m.
On page A15: Robert J. Samuelson wrote:"Economists Out to Lunch" in the light vein.
Niall Ferguson is a respected scholar who is also a successful popularizer. He is British and has taught at Oxford and New York University and is now at Harvard.
"Economists tend to focus directly on the spending of consumers,businesses and government." I sent my blog with C+I+G+F as Aggregate Demand in Macroeconomics for reader's reference.
The mathematical models are departing radically from reality that the conclusions become useless. I sent the same thought in my blog dated July 5, 2009.
His conclusion: Markets became more complex; more money crossed national borders; people became complacent. History moved on, but economists didn't." We are living in the age of electronics with high tech. but human beings are still human with frailties.
I would envision Philosophy to be the ultimate goal for seeking the answers apropos of human behavior to economics. Moreover,Ph.D. is Doctor of Philosophy in most disciplines. The thoughts of Adam Smith and Confucius/Mencius may be the Model from empirical evidence of China's economic achievement in the 21st century.
Confucianism is a philosophy than a religion. "Rujia Sixiang" in Pin Yin for "Boxue de Kongfuzi" i.e. The Erudite Confucian School of Thoughts. "Boxue " in Pin Yin means a scholar with comprehensive knowledge ="Boshi" in Pin Yin is equivalent to a holder of a doctorate.
The glorification of Confucius began after his death. Mencius (372-289 BC), or Menzi in Pin Yin,helped raise Confucian ideals into the national consciousness with the publication of "The Book of Mencius." Search "Philosophy of Mencius"(1950) at www.loc.gov Library of Congress online catalog for reference.
Eventually, Confucian philosophy permeated every level of Chinese society including spoken proverbs trickled down to the folks in China even to Korea,Japan that I visited in 1980s and in Singapore,Malaysia and Thailand in 1990s. The languages are different but the ideas and ideals of ethics and morality are the same to be the universal value for leaders to pursue the economic goal for a good society.
Needless to say,"Dao de Jing" by Laozi to show The Way & Its Power. Zhuangzi, who lived between 399 BC and 295 BC picked up where Laozi left off. The Book of Zhuanzi is still required reading for anyone trying to make sense of Daoism. Both Laozi and Zhuangzi are philosophers that I studied in the university in China in early 1940s.
Paul Krugman is seeking an innovative theory or model to solve economic problems. Perhaps it is high time to introduce Confucianism in terms of trying to resolve global economic crisis via the philosophy of Chinese moral leaders to serve the best interest of a society instead of personal gains and greed of some as known in the headlines.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economic philosophy since early 1940 to date for six decades Plus. July 6, 2009 at 11 a.m.
Please strive to be centenarians to find Economics in action
Centenarians used to be rarer than hen's teeth, now the age of 100 may have become the new three score and ten.
Such is derived from Lincoln's address with "Four score and seven years ago..." as the source.
Nobel Laureate in Economics, Paul Krugman wrote his conclusion in his book to respect Keynesian Cross. We do see streets in USA and China with such cross as an evidence of economic theory in action. Krugman used the word "understanding" in learning the essence of economics. Perhaps "Keys for Economic Understanding" and "Keys to Economic Understanding would be handy references.(sic) www.ask.com for information.
Francis Shieh a.k.a. a podcast without ipot but broadcast my blogs as an octogenarian student of economics to offer my very best wishes to YOU to strive to live to be centenarians to discover economics without pejorative idea but in deference to the nature of economics. Such thoughts have been endorsed by recent publications by economists. in good humor.
Monday, July 6, 2009 at 6.18 a.m.
Such is derived from Lincoln's address with "Four score and seven years ago..." as the source.
Nobel Laureate in Economics, Paul Krugman wrote his conclusion in his book to respect Keynesian Cross. We do see streets in USA and China with such cross as an evidence of economic theory in action. Krugman used the word "understanding" in learning the essence of economics. Perhaps "Keys for Economic Understanding" and "Keys to Economic Understanding would be handy references.(sic) www.ask.com for information.
Francis Shieh a.k.a. a podcast without ipot but broadcast my blogs as an octogenarian student of economics to offer my very best wishes to YOU to strive to live to be centenarians to discover economics without pejorative idea but in deference to the nature of economics. Such thoughts have been endorsed by recent publications by economists. in good humor.
Monday, July 6, 2009 at 6.18 a.m.
Sunday, July 5, 2009
Harvard Business Review,July/August 2009 issue
"The Descent of Finance" by Niall Ferguson, Professor of History and Business at Harvard Business School.
Page 58: "Economic models in mathematics failed badly i.e. it would be realistic to have visions of human behavior which is irrational at best. I sent my blogs to the same in the past for your reference."
Page 78 : The End of Rational Economics. by an author who is a behavioral economist. Human behavior can hardly be measured and such assumptions are to be abandoned or rejected to be found in my blogs.
Page 46:" International Economic Order: China's GDP in 2013 is half of the US., in 2006 it was ony one fifth as big. The US$ has halved in value against the Chinese Yuan (RMB) following a Russo-Chinese initiatives to replace the greenback as the international reserve currency with IMF's SDR pronounced as "Sadders" Oil is priced in SDR.(sic)"
US$ is and still will be international business currency from the past tradition with future prospects as I would envision in the years to come.
Goldman Sachs predicted that China's GDP might equal that of the US by 2027.
Predictions must be proven by empirical evidence as years go by.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 but still a learner to study Sino-Economics in action to share thoughts with online readers.
July 5, 2009 at 1.38 p.m.
Page 58: "Economic models in mathematics failed badly i.e. it would be realistic to have visions of human behavior which is irrational at best. I sent my blogs to the same in the past for your reference."
Page 78 : The End of Rational Economics. by an author who is a behavioral economist. Human behavior can hardly be measured and such assumptions are to be abandoned or rejected to be found in my blogs.
Page 46:" International Economic Order: China's GDP in 2013 is half of the US., in 2006 it was ony one fifth as big. The US$ has halved in value against the Chinese Yuan (RMB) following a Russo-Chinese initiatives to replace the greenback as the international reserve currency with IMF's SDR pronounced as "Sadders" Oil is priced in SDR.(sic)"
US$ is and still will be international business currency from the past tradition with future prospects as I would envision in the years to come.
Goldman Sachs predicted that China's GDP might equal that of the US by 2027.
Predictions must be proven by empirical evidence as years go by.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 but still a learner to study Sino-Economics in action to share thoughts with online readers.
July 5, 2009 at 1.38 p.m.
Friday, July 3, 2009
Washington Post, July 3, 2009 Signs of Recovery?
Page A18:
"The best hope for improvement is for economic stimulus spending to kick in more vigorously.
It is too early to judge the effectiveness of the stimulus plan, given that the spending package is only starting to ripple through the economy." Chief economist Steven Ricchlute said:"The economy is still in consolidation and will be through year-end." It is educated guesstimate.
My view: Hopefully the positive scenario will be on the way with faith,hope and love.
Page A16:
Steven Pearlstein wrote:
"Households are overburdened with debt, consumer spending is likely to remain sluggish. The best hope for a sustained recovery may lie with a spurt of business investment in new technology that enhances productivity." C+I sectors are mentioned here. Human behavior is hard to predict,really.
It should be noted that C+I+G+F would be the complete Aggregate Demand. The above is C and I. We must take into consideration of Government Sector and Foreign Trade and data would be fluid at best. Moreover,capital formation is one of the functions. O=f(A,K,L) as the equation for Total Output as Aggregate Demand.(sic)
Output is the function of Technological Progress, Capital Formation and Labor Force Development. I am inclined to stress L for labor force development i.e. Education and Training for enhancing productivity. My reasoning rests here for reader's comments.
The above rationale would be applicable to US economy and China's economy as well in my humble opinion.
Friday,July 3, 2009 at 10.42 a.m.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economics to compare notes with others for the necessary learning processes especially Lingonomics with Etiology.
"The best hope for improvement is for economic stimulus spending to kick in more vigorously.
It is too early to judge the effectiveness of the stimulus plan, given that the spending package is only starting to ripple through the economy." Chief economist Steven Ricchlute said:"The economy is still in consolidation and will be through year-end." It is educated guesstimate.
My view: Hopefully the positive scenario will be on the way with faith,hope and love.
Page A16:
Steven Pearlstein wrote:
"Households are overburdened with debt, consumer spending is likely to remain sluggish. The best hope for a sustained recovery may lie with a spurt of business investment in new technology that enhances productivity." C+I sectors are mentioned here. Human behavior is hard to predict,really.
It should be noted that C+I+G+F would be the complete Aggregate Demand. The above is C and I. We must take into consideration of Government Sector and Foreign Trade and data would be fluid at best. Moreover,capital formation is one of the functions. O=f(A,K,L) as the equation for Total Output as Aggregate Demand.(sic)
Output is the function of Technological Progress, Capital Formation and Labor Force Development. I am inclined to stress L for labor force development i.e. Education and Training for enhancing productivity. My reasoning rests here for reader's comments.
The above rationale would be applicable to US economy and China's economy as well in my humble opinion.
Friday,July 3, 2009 at 10.42 a.m.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economics to compare notes with others for the necessary learning processes especially Lingonomics with Etiology.
Thursday, July 2, 2009
USAToday, July 2-5, 2009: July 4th Thoughts
Thoughts on Independence Day, July 4th: Several letters to the Editor: Page 10A:
Warren Paulins of Ohio wrote:
"We must cooperate in sincere efforts to fix our broken health care system, upgrade the educational systgem, rewrite an outdated and confusing tax code and work harder to eliminate class hatred and prejudice."
A typical case in Maryland in the 20th centuary(1983-1984): Two Americans of Chinese ancestry (with tenures) had to leave the same college after 17 and 18 years of teaching. One was forced to resign and the other was terminated on the basis of numerical rating from the authorities. (Revised the rules for faculty with tenure as the so-called basis)
Such discrimination is obvious to observers but it is difficult to fight the administration with bias during that period.
Matthew Obligschlager in Kentucky wrote:
"We're starting to lean toward policies that perpetuate a redistribution of resources (or socialism) America will not remain a beacon to the world if we keep on this path. The beauty of the American dream cannot be allowed to fade." My Comment: America has two sectors: the federal government(public sector) comes to rescue when the private sector is in trouble but NOT Socialism per se. It is Socio-Economics. Economics is designed to serve the society)
It is known that President Obama has multicultural heritage and his cabinet members are Americans of varied ethnic background to represent USA as the melting pot of all races. It is the ideal goal to utilize the expertise of all the talents regardless of race,color or creed.
As a Kentucky Colonel doing eleemosynary work, I agree with Matthew Obligschlager that more equitable distribution of income and wealth would be in the best interest of the nation. The middle class is the backbone of any nation for peace and economic development. The majority of the people belong to the middle class as ordinary folks. China's official name is People's Republic of China and the middle class is expanding in China. US Constitution starts with "We,the People" There is the common goal for Sino-American Economics as I would envision.
Francis Shieh a.k.a. Xie Shihao, a witness of a changing USA in the 21st century.
Thursday, July 2, 2009 at 3 p.m.
Warren Paulins of Ohio wrote:
"We must cooperate in sincere efforts to fix our broken health care system, upgrade the educational systgem, rewrite an outdated and confusing tax code and work harder to eliminate class hatred and prejudice."
A typical case in Maryland in the 20th centuary(1983-1984): Two Americans of Chinese ancestry (with tenures) had to leave the same college after 17 and 18 years of teaching. One was forced to resign and the other was terminated on the basis of numerical rating from the authorities. (Revised the rules for faculty with tenure as the so-called basis)
Such discrimination is obvious to observers but it is difficult to fight the administration with bias during that period.
Matthew Obligschlager in Kentucky wrote:
"We're starting to lean toward policies that perpetuate a redistribution of resources (or socialism) America will not remain a beacon to the world if we keep on this path. The beauty of the American dream cannot be allowed to fade." My Comment: America has two sectors: the federal government(public sector) comes to rescue when the private sector is in trouble but NOT Socialism per se. It is Socio-Economics. Economics is designed to serve the society)
It is known that President Obama has multicultural heritage and his cabinet members are Americans of varied ethnic background to represent USA as the melting pot of all races. It is the ideal goal to utilize the expertise of all the talents regardless of race,color or creed.
As a Kentucky Colonel doing eleemosynary work, I agree with Matthew Obligschlager that more equitable distribution of income and wealth would be in the best interest of the nation. The middle class is the backbone of any nation for peace and economic development. The majority of the people belong to the middle class as ordinary folks. China's official name is People's Republic of China and the middle class is expanding in China. US Constitution starts with "We,the People" There is the common goal for Sino-American Economics as I would envision.
Francis Shieh a.k.a. Xie Shihao, a witness of a changing USA in the 21st century.
Thursday, July 2, 2009 at 3 p.m.
U.S. Confirms Participation in Shanghai Expo
Washington Post, July 2, 2009 on page A9:
The United States confirmed that it will take part in next year's World Expo in Shanghai, saying it wants to showcase U.S. technology and values in a bid to boost ties with China.
As an American citizen of Chinese ancestry and a native of Shanghai, I welcome such cooperative effort to strengthen friendship of two nations on both sides of the Pacific for the wellbeing of humanity. I believe any exchange of technology would benefit humankind in the 21st century.
Page A12: World Bank Reports Record Year of Aid. Bank President Robert B. Zoellick has good insights about China to be a stakeholder in global finance.
Gold Research Findings may be as follows:
1. Gold predicted to go from $940+ to $1,000+ an oz in the months to come.
2. CD's are not attractive but insured.
3. Stock market maybe very shaky.
4. Global war on terror would cause financial and economic fluctuations.
5. Government Bailouts and Inflation may affect consumers' confidence.
6.Circa 11.2 trillion National Debt that grows at a rate of 2 billion a day in the general estimate.
In short, folks would like to invest in precious metals or other tangible valuables instead of papers without intrinsic substance but confidence only.
Hong Kong Phoenix TV media experts reported the forum of the future of Hong Kong and Shanghai to be the financial center of the world. Both have competitive edges in varied ways. How soon? That remains to be seen with evidence in the decades to come.
However,we must have faith,hope and love for global financial recovery during the course of time. Have patience apropos of the governments in the world with economic clouts.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai in 1947 and a lifelong learner to watch economics in action with reflective knowledge plus Confucian wisdom. July 2, 2009 at 12.48 p.m.
The United States confirmed that it will take part in next year's World Expo in Shanghai, saying it wants to showcase U.S. technology and values in a bid to boost ties with China.
As an American citizen of Chinese ancestry and a native of Shanghai, I welcome such cooperative effort to strengthen friendship of two nations on both sides of the Pacific for the wellbeing of humanity. I believe any exchange of technology would benefit humankind in the 21st century.
Page A12: World Bank Reports Record Year of Aid. Bank President Robert B. Zoellick has good insights about China to be a stakeholder in global finance.
Gold Research Findings may be as follows:
1. Gold predicted to go from $940+ to $1,000+ an oz in the months to come.
2. CD's are not attractive but insured.
3. Stock market maybe very shaky.
4. Global war on terror would cause financial and economic fluctuations.
5. Government Bailouts and Inflation may affect consumers' confidence.
6.Circa 11.2 trillion National Debt that grows at a rate of 2 billion a day in the general estimate.
In short, folks would like to invest in precious metals or other tangible valuables instead of papers without intrinsic substance but confidence only.
Hong Kong Phoenix TV media experts reported the forum of the future of Hong Kong and Shanghai to be the financial center of the world. Both have competitive edges in varied ways. How soon? That remains to be seen with evidence in the decades to come.
However,we must have faith,hope and love for global financial recovery during the course of time. Have patience apropos of the governments in the world with economic clouts.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai in 1947 and a lifelong learner to watch economics in action with reflective knowledge plus Confucian wisdom. July 2, 2009 at 12.48 p.m.
Wednesday, July 1, 2009
TIME magazine, July 6, 2009 issue. Economics deals with human behavior
Page 18: Chicago economist Gary Becker said: "When you give a lot of discretion to regulators, they don't use the tools that are given to them." What are the tools? Human behavior can never be measured for clarity.
Milton Friedman thought that instead of tweaking interest rates, the FED should just automatically increase the money supply 3% to 4% a year. Money supply is a function and Money stock should be coordinated with credit system. See an article on " Monetary Policy Revisited" published by Atlantic Economic Journal for reference.
Stanford economist John Taylor concocted i.e."Tiao he" in Pin Yin system of romanization. There are three elements such as inflation, current economic growth and long-term trend growth to be churned out as a suggested FED interest rate target. Such approach can hardly be possible with accuracy.
It is to to be known that Economics is a behavioral science and the lifestyle of the people should be taken into consideration plus the lifelong educational endeavor to be stressed as guidelines.
All the assumptions are to be validated by empirical evidence during the course of time but there is always a time lag. This sounds outlandish but it is very true. That is the nature of economics.
Francis Shieh a.k.a. Xie Shihao comparing views with economists for reasonable understanding.(sic)
Wednesday, July 1, 2009 at 3.06 p.m.
Milton Friedman thought that instead of tweaking interest rates, the FED should just automatically increase the money supply 3% to 4% a year. Money supply is a function and Money stock should be coordinated with credit system. See an article on " Monetary Policy Revisited" published by Atlantic Economic Journal for reference.
Stanford economist John Taylor concocted i.e."Tiao he" in Pin Yin system of romanization. There are three elements such as inflation, current economic growth and long-term trend growth to be churned out as a suggested FED interest rate target. Such approach can hardly be possible with accuracy.
It is to to be known that Economics is a behavioral science and the lifestyle of the people should be taken into consideration plus the lifelong educational endeavor to be stressed as guidelines.
All the assumptions are to be validated by empirical evidence during the course of time but there is always a time lag. This sounds outlandish but it is very true. That is the nature of economics.
Francis Shieh a.k.a. Xie Shihao comparing views with economists for reasonable understanding.(sic)
Wednesday, July 1, 2009 at 3.06 p.m.
Carktke ib $1 Billion Asia Fund and Community Colleges
Washington Post, July 1, 2009 page A17:
The new fund will concentrate on high-growth private firms in emerging markets such as China... Carlyle has $84.5 billion of assets under management. It invests in buyouts, growth capital, real estate and leveraged finance around the world.
Page B1,B3: Washington Post, July 1, 2009
Community Colleges see demand as the Headline in the METRO section:
"The Future of Community Colleges" published by the Congressional Record,July 18, 1974 with a vision for the 21st century from the 20th century publication.
The Obama administration is promising to help 1,200+ community colleges, which educate about 12 million students, or 44% of all undergraduates, including the majority of blacks and Hispanics, and Asians. White House Chief of Staff Rahm Emanuel recently said that the administration was working on a plan that would allow as many as 5 million more students or laid-off workers to attend the schools, which are at the fore of retraining efforts.
Editorial: "Teachers are the single most critical factor in improving student achievement, it is time to start drawing distinctions in how they are retained, promoted and rewarded."
As a teacher since 1945, I fully support such rationale as a former Fulbright Senior Scholar in Hong Kong,1989-1990. I shall continue my efforts to teach students who have achieved distinction with their talents at www.Dictyon.net,the gateway to global languages.
Moreover, the following works are dedicated to stress the role of community colleges:
1. Keys for Economic Understanding(1971) www.Amazon.com book catalog. The theme is to emphasize training and retraining.
2. Keys to Economic Understanding(1976) www.ask.com for reference.
3. Work and Study Cycle Theory (1978) to be validated and implemented in the USA or China to enhance productivity for economic development.
Francis Shieh a.k.a. Xie Shihao endorsing the mission of teaching and learning to promote lifelong education for the wellbeing of humanity on earth.
Wednesday,July 1, 2009 at 11 a.m.
The new fund will concentrate on high-growth private firms in emerging markets such as China... Carlyle has $84.5 billion of assets under management. It invests in buyouts, growth capital, real estate and leveraged finance around the world.
Page B1,B3: Washington Post, July 1, 2009
Community Colleges see demand as the Headline in the METRO section:
"The Future of Community Colleges" published by the Congressional Record,July 18, 1974 with a vision for the 21st century from the 20th century publication.
The Obama administration is promising to help 1,200+ community colleges, which educate about 12 million students, or 44% of all undergraduates, including the majority of blacks and Hispanics, and Asians. White House Chief of Staff Rahm Emanuel recently said that the administration was working on a plan that would allow as many as 5 million more students or laid-off workers to attend the schools, which are at the fore of retraining efforts.
Editorial: "Teachers are the single most critical factor in improving student achievement, it is time to start drawing distinctions in how they are retained, promoted and rewarded."
As a teacher since 1945, I fully support such rationale as a former Fulbright Senior Scholar in Hong Kong,1989-1990. I shall continue my efforts to teach students who have achieved distinction with their talents at www.Dictyon.net,the gateway to global languages.
Moreover, the following works are dedicated to stress the role of community colleges:
1. Keys for Economic Understanding(1971) www.Amazon.com book catalog. The theme is to emphasize training and retraining.
2. Keys to Economic Understanding(1976) www.ask.com for reference.
3. Work and Study Cycle Theory (1978) to be validated and implemented in the USA or China to enhance productivity for economic development.
Francis Shieh a.k.a. Xie Shihao endorsing the mission of teaching and learning to promote lifelong education for the wellbeing of humanity on earth.
Wednesday,July 1, 2009 at 11 a.m.
Keeping abreast of what is going on as the way to go
Reminiscence of World War II apropos of Sino-American Cooperation and Collaboration:"Huiyilu" or" Jingyantan" in Pin Yin system of romanization. For elaboration of Pin Yin see "A Glimpse of the Chinese Language," available free of charge in PDF format at the RAND Corporation in Santa Monica,California,the Think Tank via www.rand.org for reference.
Air Force Magazine/April 2009 on page 59 President Franklin D. Roosevelt pins the Medal of Honor on Doolittle's uniform at a White House ceremony.(Photo) Many American Air Force folks went back to China recently to recollect fond memories six decades ago as I saw on TV. I was a student at St.John's University in Shanghai and witnessed B52 during the period of 1945-46. Such scene is still vivid in my mind now.
Shanghai will be the host of World Expo in 2010 to welcome all visitors to see the changing China especially in Shanghai with international investments as evidence.
Page 17: Lt. General Charles Stenner, Chief of the Air Force Reserve said: Reserve is "Strategic"
"While the military's reserve components are a critical part of the operational force, they must preserve their traditional role as a strategic reserve force. We have been and continue to be required as a strategic reserve,period."
Francis Shieh a.k.a. Xie Shihao sharing thoughts with readers to remember cherished Sino-American friendly background with promising vision in the 21st century.
"Express Paper",July 1, 2009 issue on page 12: Towns across the US are struggling to pay for holiday tradition. A Quite Fourth would still be the celebration in the hearts and minds from sea to shining sea or from Atlantic to the Pacific Oceans to be exact for the United States of America. America's day starts at Guam,the former Governor attended the University of San Francisco when I was at USF in 1947-48.
Wednesday,July 1, 2009 at 10 a.m.
Air Force Magazine/April 2009 on page 59 President Franklin D. Roosevelt pins the Medal of Honor on Doolittle's uniform at a White House ceremony.(Photo) Many American Air Force folks went back to China recently to recollect fond memories six decades ago as I saw on TV. I was a student at St.John's University in Shanghai and witnessed B52 during the period of 1945-46. Such scene is still vivid in my mind now.
Shanghai will be the host of World Expo in 2010 to welcome all visitors to see the changing China especially in Shanghai with international investments as evidence.
Page 17: Lt. General Charles Stenner, Chief of the Air Force Reserve said: Reserve is "Strategic"
"While the military's reserve components are a critical part of the operational force, they must preserve their traditional role as a strategic reserve force. We have been and continue to be required as a strategic reserve,period."
Francis Shieh a.k.a. Xie Shihao sharing thoughts with readers to remember cherished Sino-American friendly background with promising vision in the 21st century.
"Express Paper",July 1, 2009 issue on page 12: Towns across the US are struggling to pay for holiday tradition. A Quite Fourth would still be the celebration in the hearts and minds from sea to shining sea or from Atlantic to the Pacific Oceans to be exact for the United States of America. America's day starts at Guam,the former Governor attended the University of San Francisco when I was at USF in 1947-48.
Wednesday,July 1, 2009 at 10 a.m.
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