"The federal government plans to borrow $550 billion in the last three months in 2008 to pay for financial rescue packages. Treasury Department officials also projeced the the government would need an additonal $368 billion during first three months of 2009." Published by the Washington Post,Nov.4, 2008 on page D2. America is a debtor nation as we are aware of the fact.
I have reason to believe that China will cooperate to solve global financial problems with other nations with International Monetary Fund and World Bank. G-20 meeting on Nov.20, 2008 would include China to participate with other nations to try to solve financial crisis in the name of globalization.
The readers of Sino-American Economics can reason the positive US-China economic relations under the new administration of a new president of the USA.
Francis Shieh a.k.a. Xie Shihao on November 4, 2008 at 10.35 a.m.
Tuesday, November 4, 2008
Monday, November 3, 2008
Humor helps longevity, a cheeful experience in life
An Octogenarian may be considered as his/her golden years. Growing with age may generate negative scenario. But we do know that age is merely a number. Thinking young as a "xiaohozi" with my mindset to be a student all the time.
It would be gratifying to witness history in the making for a new US president on Nov.4 2008, (tomorrow) with smiling upbeat in happy mood to see the changes after inauguration on January 20, 2009.
The best thing in life is the discovery of the true meaning with faith,hope and love.
Moreover,doing eleemosynary work to help others with knowledge is certainly a dedicated task as a volunteer with good cheers.
America is a land of opportunity. China is on the move with progress and achievement in the 21st century.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai in 1947 but still a learner to keep young at heart with zeal for fun in life.
November 3, 2008 at 10.40 a.m.
It would be gratifying to witness history in the making for a new US president on Nov.4 2008, (tomorrow) with smiling upbeat in happy mood to see the changes after inauguration on January 20, 2009.
The best thing in life is the discovery of the true meaning with faith,hope and love.
Moreover,doing eleemosynary work to help others with knowledge is certainly a dedicated task as a volunteer with good cheers.
America is a land of opportunity. China is on the move with progress and achievement in the 21st century.
Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai in 1947 but still a learner to keep young at heart with zeal for fun in life.
November 3, 2008 at 10.40 a.m.
Sunday, November 2, 2008
Sequel to my blag:Harmony and Fortune for US/China
New York Times. Education Issue: Page 14: The Chinese characters of Harmony and Fortune are published i.e."Hexie" and "Xingfu" in Pin Yin system of romanization. For annotations,please search "A Glimpse of the Chinese Language" PDF free of charge as public service at www.rand.org at no cost.
Page 15: Great teachers never stop learning as published in the education section attachment, New York Times,Nov.2, 2008. "Work and Study Cycle Theory" may be validated and implemented to dedicated teachers all over the world re Sino-American Economics of building human capital to enhance productivity. www.ask.com or www.amazon.com for reference.
Francis Shieh a.k.a. Xie Shihao,an octogenarian teacher since 1945 but still a learner to seek new knowledge for enrichment.
Sunday,November 2, 2008 at 3.25 p.m.
Page 15: Great teachers never stop learning as published in the education section attachment, New York Times,Nov.2, 2008. "Work and Study Cycle Theory" may be validated and implemented to dedicated teachers all over the world re Sino-American Economics of building human capital to enhance productivity. www.ask.com or www.amazon.com for reference.
Francis Shieh a.k.a. Xie Shihao,an octogenarian teacher since 1945 but still a learner to seek new knowledge for enrichment.
Sunday,November 2, 2008 at 3.25 p.m.
Many views on modern economic growth
Washington Post, Nov.2, 2008 on page A19: Reports from London, Paris, Tokyo and Shanghai:-
"Whereas the US and Britain largely shaped the postwar financial system, financial regulation and coordination will now require the participation of a broader and more unwieldy group, including emerging economies, many of them loaded with foreign exchange reserves, foreign debts and influence over global financial markets.
Leaders are already maneuvering for position. Sarkozy, in particular, has methodically sought allies.
Robert Hormats at Goldman Sachs and former National Security Council staffer said that the Nov.15th summit would be valuable if it became the first in a series of G-20 meetings, widerning economic coordination.
Francis Shieh a.k.a. Xie Shihao quotes the above news for the interest of readers to understand the globalization of economics including Sino-American economics.
Sunday, November 2, 2008 at 1.26 p.m.
"Whereas the US and Britain largely shaped the postwar financial system, financial regulation and coordination will now require the participation of a broader and more unwieldy group, including emerging economies, many of them loaded with foreign exchange reserves, foreign debts and influence over global financial markets.
Leaders are already maneuvering for position. Sarkozy, in particular, has methodically sought allies.
Robert Hormats at Goldman Sachs and former National Security Council staffer said that the Nov.15th summit would be valuable if it became the first in a series of G-20 meetings, widerning economic coordination.
Francis Shieh a.k.a. Xie Shihao quotes the above news for the interest of readers to understand the globalization of economics including Sino-American economics.
Sunday, November 2, 2008 at 1.26 p.m.
Adam Smith and Confucius/Mencius re economics
Washington Post, Nov. 2, 2008 page B3:
Good Old American Value: Adam Smith as a professor of moral philosophy and Good Old Chinese value: Confucianism. Common Ground for Sino-American Economics as I envision.
"The Latin word "valere" meant "to be strong, be well, be of value" and is related to "valiant." Perhaps a person with good value should be courageous to fight the evils in any society with such annotation.
"Values become a popular term in the United States mostly in describing the kinds of ideas and customs that are specific to or relative to various societies or culture.
Basic values, properly understood, are compatible and harmonious." as published in the WashPost today.
China encourages and promotes a harmonious socity. Here the twin of the West and the East shall meet in the 21st century apropos of Sino-American Economics in every respect of Moral Economics with Ethics as the aphorism.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economic philosophy as the issue of economics in the world.
November 2, 2008 at 10.38 a.m.
Good Old American Value: Adam Smith as a professor of moral philosophy and Good Old Chinese value: Confucianism. Common Ground for Sino-American Economics as I envision.
"The Latin word "valere" meant "to be strong, be well, be of value" and is related to "valiant." Perhaps a person with good value should be courageous to fight the evils in any society with such annotation.
"Values become a popular term in the United States mostly in describing the kinds of ideas and customs that are specific to or relative to various societies or culture.
Basic values, properly understood, are compatible and harmonious." as published in the WashPost today.
China encourages and promotes a harmonious socity. Here the twin of the West and the East shall meet in the 21st century apropos of Sino-American Economics in every respect of Moral Economics with Ethics as the aphorism.
Francis Shieh a.k.a. Xie Shihao, a lifelong student of economic philosophy as the issue of economics in the world.
November 2, 2008 at 10.38 a.m.
Saturday, November 1, 2008
USAToday,Oct.31-Nov.2nd and Investor's Business Daily,Oct.31,08
Page 10A:
When US doles out bailout candy: Cash infusions: -
Citigroup $25 billion.
J.P. Morgan Chase Ditto.
Wells Fargo Ditto.
Bank of America 15 billion.
Lots of $ for big banks to distribute to ??? Let us read the headlines as days go by...
Page 1B: GDP, Consumer Spending fall: Worst is yet to come. Time will tell...
Investor's Business Daily: Oct. 31, 2008 page B5:
China Mobile's Profit Sturdier than its stock.
China Mobile won 370 million subscribers,making No. 1 in the nation by far.
The whole market at 520 million users. Will soon hit 600 million.
Think about such impacts to the folks in China. They are netizens as citizens of China. Global impact can be readily seen with such means of easy communication.
Francis Shieh a.k.a. Xie Shihao watching the economic deveopment of China with reference to USA re Sino-American economic relations in the 21st century.
Nov. 1,2008 at 11.22 a.m.
When US doles out bailout candy: Cash infusions: -
Citigroup $25 billion.
J.P. Morgan Chase Ditto.
Wells Fargo Ditto.
Bank of America 15 billion.
Lots of $ for big banks to distribute to ??? Let us read the headlines as days go by...
Page 1B: GDP, Consumer Spending fall: Worst is yet to come. Time will tell...
Investor's Business Daily: Oct. 31, 2008 page B5:
China Mobile's Profit Sturdier than its stock.
China Mobile won 370 million subscribers,making No. 1 in the nation by far.
The whole market at 520 million users. Will soon hit 600 million.
Think about such impacts to the folks in China. They are netizens as citizens of China. Global impact can be readily seen with such means of easy communication.
Francis Shieh a.k.a. Xie Shihao watching the economic deveopment of China with reference to USA re Sino-American economic relations in the 21st century.
Nov. 1,2008 at 11.22 a.m.
Washington Post, Nov.1,2008 page A9
"Few Seeing Usual Benefits of Rising Dollar" as the Headline:
"China's currency is pegged to the US dollar, so Chinese firms are protected against rapid currency swings in their dealings with the huge US market. Through the dollar's appreciation can undemine their goods' competitiveness in non-dollar markets, it helps them import supplies from such places for manufacturing. In sum, most exporters, settling their contracts in the US currency, have welcomed the dollar's rise. But some are not counting on the dollar's bounce to last long and are trying to get their clients to shift their payments over to other currencies." My comment: The rise and fall of the exchange rate is subject to economic conditions of demand and supply. Any harsh expression such as dollar manipulation is unfounded and unwarranted apropos of the REAL Sino-American Economics.
Phoenix TV cited the editorial article on China's Modernization, published in the US "SCIENCE" magazine by Premier Wen Jiabao. It is an evidence of recognition of China's achievement in science by American scientific community. It is clear that China is making contributions to humankind in the name of science for the benefit of all folks on earth.
Zhuhai's Air Show is another evidence of the level of China's air expertise as mentioned in Phoenix TV of Hong Kong on Nov. 1, 2008
Francis Shieh a.k.a. Xie Shihao, an octogenarian independent learner wishing to share knowledge with readers about the developments in China. Any negative China bashing remarks would be rendering disservice to all due to globalization of economics in every field of endeavor. One World,One Dream to strive for betterment. Nobody would impugn,indeed.
November 1, 2008 at 10.48 a.m.
"China's currency is pegged to the US dollar, so Chinese firms are protected against rapid currency swings in their dealings with the huge US market. Through the dollar's appreciation can undemine their goods' competitiveness in non-dollar markets, it helps them import supplies from such places for manufacturing. In sum, most exporters, settling their contracts in the US currency, have welcomed the dollar's rise. But some are not counting on the dollar's bounce to last long and are trying to get their clients to shift their payments over to other currencies." My comment: The rise and fall of the exchange rate is subject to economic conditions of demand and supply. Any harsh expression such as dollar manipulation is unfounded and unwarranted apropos of the REAL Sino-American Economics.
Phoenix TV cited the editorial article on China's Modernization, published in the US "SCIENCE" magazine by Premier Wen Jiabao. It is an evidence of recognition of China's achievement in science by American scientific community. It is clear that China is making contributions to humankind in the name of science for the benefit of all folks on earth.
Zhuhai's Air Show is another evidence of the level of China's air expertise as mentioned in Phoenix TV of Hong Kong on Nov. 1, 2008
Francis Shieh a.k.a. Xie Shihao, an octogenarian independent learner wishing to share knowledge with readers about the developments in China. Any negative China bashing remarks would be rendering disservice to all due to globalization of economics in every field of endeavor. One World,One Dream to strive for betterment. Nobody would impugn,indeed.
November 1, 2008 at 10.48 a.m.
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