Friday, February 12, 2010

Selected news from WashPost re Sino-American economics

Washington Post: Feb.11, 2010 page B1 and B6 with Photo of a Chinese sculptor on the granite head that will cap the Martin Luther King Jr.Memorial on the Mall.

Here we can see the exchange of human capital of skills for humanity apropos of relations of two nations on both sides of the Pacific.

Feb.10, 2010 page A12: Chairman Lou Jiwei of China Investment Corporation has 300 billion sovereign wealth fund, a computer scientist-turned-economist.

CIC's stakes in U.S.-listed companies: In a SEC filing,CIC disclosed $9.63 billion worth of stakes in about 60 US-listed firms.

Wells Fargo $31 million
Citigroup $29.8 million
Bank of America $19.9 million
AIG-related securities $14.3 million

For details,read Washington Post on page A12 for reference.

February 10,2010 Page E1,E4: The Year of the Noodles as exchange of cultural understanding of staple food. In prayers,however,"give us our daily bread" is still the traditional way and "forgive us our trespass as we forgive those that trespass against us and lead us not into temptation but deliver us from evil." Such mantra may be universal for all homosapians regardless of race,color,creed and age et al.

Moreover, "Mea culpa" is a useful awareness to detect human behavior and to be able to get along with other good folks ( or otherwise) in the mundane world.

Economics is a study of human behavior and humankind is bound to be different in ways and means in USA,China or elsewhere.

In China,noodle dishes are a staple for birthdays and Chinese new year because they signify a long life for whoever is eating them - as long as the noodles are not cut short. The longer,the better. I remember such tradition as a youngster in Shanghai.

Fresh Shanghai noodles are my favorites as a native. Needless to say,dumplings are good for meals as well with varieties of fillings. One schoolmate asked me when I was at USF:"How did it get in there?" Evidently,he has never had Chinese food in the past. Hehehahahoho all the way and we shall be centenarians when we eat long noodles signifying longevity with chopsticks to maneuver with fun. When I was in Tokyo,the former Miss Japan noticed my handling of chopsticks. My answer: "as long as they would hold the food." However,I must admit that I may hold differently. However again,I have been able to put the food to my mouth so far as an octogenarian.

Francis Shieh aka Xie Shihao, an observer of Sino-American Economics since my arrival in USA in 1947 as a lifelong student of human behavior. Friday,February 12,2010 at 10.02 a.m.

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