Page A1:
The longest, deepest global recession since the Great Depression ended last summer.(sic) For the final quarter of 2009 China and India reported strong growth and US said GDP rose at 5.7%. But the recoveries of Europe and in Japan have been tentative and halting, despite government stimulus spending.
US Stimulus equal to 4.8% of GDP followed by China 4.4%.
How to face a balancing act?
My rationale below is the same as I sent my past blogs: -
There are expansionary and recessionary gaps when Aggregate Demand and Aggregate Supply curves intersect in a Cross Model. There is no magic or pat answer to balancing the global economy as a whole.
"US News and World Report"(USNWR) March 2010 issue:
Page 66: New beginning for jobless Americans: Taking courses at a community college with a photo. Such is empirical evidence for the article: "The Future of Community College" published in the Congressional Record, July 18, 1974 with a vision in the 20th century for the role of community colleges in the 21st century.
Page 10: Those who think US can compete with China for windmill and solar cell manufacturing is living in a fantasy world due to labor rates.(sic)
Page 16: Americans with the best shot at getting ahead will have to find new ways to exploit their skills: To educate and to train oneself is to increase knowledge + wisdom. Moreover, Americans must live frugally with no-frill simplicity in the days to come as mentioned above.
How to squeeze dollars to save: e.g. starting at home to air dry clothes as folks in China would do instead of using dryer to save energy bills.Or using hands to wash clothes for exercising finger dexterity.(sic)
There are teaching opportunities but teachers need to have graduate degrees on page 67.
Francis Shieh a.k.a. Xie Shihao, a reader to share info with readers for Sino-American Economics to economize for living in a world with high costs.
Tuesday, February 23, 2010 at 1.42 p.m.
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