Washington Post, January 15, 2010 on page A17:
"A transaction tx could raise $50 billion to $100 billion a year -more than enough to create a permanent financial rescue fund, with plenty left over for other uses, such as financing new infrastructure or reducing the federal deficit.
The best approach is to turn our attention to the creation of real economy value for shared prosperity."
Comment: The real economy should be the investment in human capital i.e. education and training to supply the changing demands of any society.
The C-Span Radio broadcast this morning: Governor of Colorado, a Democrat, stresses vocational education and the role of community colleges as sina qua non for workers to get new jobs. Governor of Nebraska, a Republican,emphasizes training for folks as well. Comment: The grassroots are significant for economic development of nations.
Such views have been expressed by leaders in China for the development of Sino-American economics of human resources to be utilized by planners for mutual benefit.
General Motors(GM) expects China's car market to be twice the size of the United States by the end of the decade,Fritz Henderson said before he stepped down as chief executive. For now, foreign car firms hold circa 85% of the crowded Chinese market.
Francis Shieh aka Xie Shihao, a blogger to share knowledge with others on Friday, January 15, 2010 at 9.38 a.m.
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