Washington Post, January 22, 2010 on page A14:
Economic Growth beats that of USA: The giant and emerging economies of China and India appear to be lurching toward recovery faster than their more developed Western counterparts, including USA. Howcome? We are the leaders but we need to be humble. Those who humble themselves shall be exalted!
World Bank forecasters expect the recession-weary US economy to grow only 2.5% but that more than doubles expectations for stagnant Europe.
In China, the boom is in residential property, where individual homeownership has hit a frenzy. James Chataway wrote this week. China is set to overtake the US as the world's largest construction market by 2018 with India close behind, according to a report out from Global Construction Perspectives.
Photo on page A14: A cook chats with a friend as he takes a break after the lunch rush outside a small local restaurant in Shanghai. China's 4th quarter GDP shot up 10.7%.
Page A20: A letter to the editor from Raice McLeod:
"Our 21st century lifestyle touts the desirability of immediacy in all things, and many of us do not see the fallacy of this siren song. President Obama is far from perfect, but the path back to stability and peace deserves more support than the craven choice displayed in Massachusetts. "Instant Coffee" may be available but no Instant economic recovery. We ought to know!
My comment: Patience is a virtue but how many of us are virtuous? Be modest and we are sinners as per the holy conceptual understanding.
Francis Shieh aka Xie Shihao, an eager student of philosophy remembering epistemology and cosmology. Let us admire nature and stay away from temptations in the mundane world.
Friday,January 22, 2010 at 11.32 a.m.
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