East and West with Common Interest to go to work or for pleasure i.e. exercise and avoid pollution.
The world's leading magazine: BICYCLING: bicycling@rodate.com
Fax: 610/967-8960
Phoenix TV,Hong Kong reports: Financial investor Soros gave a speech in China and said that China is the winner for global financial crisis with his optimistic scenario.
President Obama talked to Congressional leaders:" American exports going to China for trade and other Asian nations is for the best interest of the USA. Excluding China would be a mistake."
Comment: Law of Comparative Advantage is the affirmation of opportunity cost principle.
Washington Post, February 4,2010:
Page A1,Photo of Tai Shan. He is being transported in a crate made by the same Kentucky company that built the crates that brought his parents to Washington in 2000.
Page B1,B8: Special Delivery of Tai Shan with details in charts.
As a Kentucky Colonel since 1970, I am proud for the firm in the state of Kentucky for manufacturing such product to promote Sino-American Economics.
Page A12: Japanese government faces problems over Toyota,debt and China's rise in car manufacturing.
"Japan's public debt is the highest among industrial countries as a percentage of GDP, but it is not going to be the problems that sinks the economy. For unlike the United States, which has borrowed heavily from China, Japan borrows almost exclusively from its citizens" Professor of Economic Mr. Ito and other economists said the interest rates that the Japanese government pays to borrow from its citizens are creeping upward as the pool of Japanese works and savers drains."
My comment:Such is crowding out situations in economics!
Francis Shieh a.k.a Xie Shihao doing eleemosynary work in the USA and in China.
Thursday, Feb. 4, 2010 at 10.32 a.m.
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