Thursday, December 3, 2009

Longevity and Theme for 3Rs in Pin Yin system

USA Today,Dec.3, 2009 on page 1A: Frank Buckley,at age 108 seeking memorial to his comrades for WWl veterans. Page 4A It pays to live to be centenarians+/

Page 2B: Photo of Job Training class at Northampton Community College-the same logic as I sent my prior blogs. Cf. www.ask.com of visit www.Borders.com for information(Used Book)-"Keys for Economic Understanding"is the title.

Washington Times,Dec. 3, 2009

Page A10: Theme of 3Rs for the White House Holiday Celebrations:-

1, Reflect - Shensi in Pin Yin system of romanization

2. Rejoice - Xin Xi Ditto

3. Renew - Gengxin "

Be positive all the way to live longer and be happy with good luck. Righton!

Page A19: Job Training with photo: Details may be found from
Keys for Economic Understanding" www.ask.com 'www.Borders.com Search such title by clicking Used Book for reference.

Francis Shieh a.k.a. Xie Shihao on December 3, 2009 at 2.25 p.m.

Washington Post, December 3, 2009

Page A32: During the last 96 years, the Federal Reserve has played havoc with our economy and achieved what only a central bank can i.e. a steady depreciation of our currency. Today's dollar is worth 5 cents compared with the dollar entrusted to the FED in 1913.

The FED fixes interest rates at levels lower than those demanded by the market. This is a form of price control through credit expansion and causes business cycles and so many of our economic problems, generating malinvestment, excessive debt, and the stock, bond, commodity and housing bubbles.

Mr. Bernanke concludes :"America needs a stgrong (think "cartel"), with the so-called


"non-political"(think "Goldman Sachs") "and independent (think "secret") "central bank with the tools to promote financial stability (in the midst of a horrendous financial crisis" "to help steer our economy to recovery without inflation. The writer is a Republican from Texas, a member of US House of Representative. I have detected such negativity.

Page A20: Mr. Bernanke is likely to acknowledge that joblessness is unacceptably high, showing that the FED considers unemployment to be its foremost challenge in the near future. FED leaders expect the unemployment rate to be in the 9% range at the end of 2010 and inflation to remain low hopefully. Let us wait and see the empirical evidence next year.

US Monetary Policy to be relevant to China's Monetary Policy: On page A33: We should give the FED the tools it needs so that the unwinding of the next AIG doesn't need to result in an unjust enrichment of stakeholders. (My uncle was an auditor for AIG for 3 decades+ and he passed away at the age of 99 in Shanghai years ago.)

Warren Buffett considers Bernanke, Paulson and Geithner as heroes for their selfless efforts. "At the time, I called it an economic Pearl Harbor, and in the end we got through Pearl Harboer," Buffett told CNBC. Bernanke, Paulson and Geither were truly the Committee that saved the world. They should be thanked, not trashed. I am inclined to endorse such judgment.

Francis Shieh a.k.a. Xie Shihao , a witness of economic happenings in USA to be reflected to the world but the readers may have your own assessment.

Thursday, December 3, 2009 at 11.52 a.m.

Human resources should be utilized for economic growth

Wall Street Journal,Dec.2,09 page A25: Christina Romer,Chair of Council of Economic Affairs said: "Words are true today as they were in 1934 when FDR stressed :" No Demoralization caused by most unemployment is our greatest extravagance. But government can and must come together to put words back to work in USA."
"Keys for Economic Understanding" is dedicated for such goal of the involvement of the government i.e. Department of Labor to solve problems of labor.
Here is the meeting ground of Sino-American Economics to solve the problems of jobs.

TIME magazine,Nov. 30, 2009: An Eagle hugs a Panda: Sino-American relationship is cemented via centrality from the fact that the two economies are intertwined. China's vibrant middle class is emerging as evidence from my eye-witness in Shanghai and Suzhou in Februay and November this year. In the USA, the middle class is shrinking due to the cost of health care et al.

China's reserves:$ 2.2 trillion + and US owes circa $800 billion to China. That is symbiosis as I would envision in the 21st century to be a lifelong student of economic philosophy.

Francis Shieh a.k.a. Xie Shihao on Thursday, December 3, 2009 in Maryland at 5.56 a.m.

Wednesday, December 2, 2009

Wang Premiers Higdon at Kennedy Center

Washington Post,Dec.2,2009 on page C7:

Higdon: Piano Concerto (World Premiere)

Andrew Litton,Conductor
Wang Yuja,Piano: Photo published for you to see Ms Wang.

Page C4: Professors are impractical, though, is rather old information. It is said that Einstein could not remember where he parked his car, but isn't it more important that he came up with the special theory of relativity? E=MC square in physics. In economics. Equilibrium is not equal to material consumption. Happiness is not material consumption only but to add intellectual pursuit,spiritual satisfaction with good health. Readers can detect such philosophy of life.

I have been a professor and I could not remember where I parked my car once a while. "Work and Study Cycle Theory" may be relevant to be validated and implemented to enhance productivity re economic growth. www.ask.com for reference.

Francis Shieh a.k.a. Xie Shihao, a lifelong student of economics and languages since early 1940s at St. John's University,Shanghai, China plus my graduate studies at the University of San Francisco and Georgetown University Graduate School from 1948-1950. Needless to say, my own research with the open university approach consolidates my understanding of the real world in real eonomics from empirical evidence as an extra dimension for learning without walls.

Wednesday, December 2, 2009 at 7.46 a.m.

Tuesday, December 1, 2009

Americans have shown interest in China

Washington Post,Dec.1, 2009 page C1:

Over Thanksgiving Week, something like 16,350 Americans headed to see Terra Cotta Warriors, Guardians of China's First Emperor at the National Geographic Museum downtown Washington. The show was sold out for all seven days.

Here is another evidence of Sino-American Economics.

Francis Shieh a.k.a. Xie Shihao, back from my tour in Shanghai,Jiaxing and Suzhou from Nov.3rd to November 30, 2009.

Tuesday,December 1, 2009 at 7.50 a.m.

Monday, November 2, 2009

Just laugh it off. In Pin Yin:"Yi xiao zhi zhi"

There are funny things we encounter in our lives so we must dismiss with a laugh! Such things may be a matter of perception and reception as we have our mindset.

Humor may be described as a yardstick to which we are trapped in a world without sound reason to witness all happenings in the world in the media.

Laughter is what we sense of such with wisdom. Happiness is not material consumption over desire only and we must add intellectual pursuit,spiritual satisfaction and good health. This is a reiteration of my past blogs. Cf. archives at www.Sino-American economics for reference.

Words offered to the readers from an octogenarian. Please have a great humorous day,everyday to live longer with Hehehahahoho all the way to strive to be centenarians.

Francis Shieh a.k.a. Xie Shihao on Monday, Nov.2nd ready to go to Shanghai, China to change my pace of life until I come back on Nov.30th 2009. At 3.32 a.m.

Sunday, November 1, 2009

Washington Post,Nov.1, 2009 page A28 Editorial

In the ideal world of economics, firms that take excessive risks go bankrupt, their competitors pick up the pieces and the economy marches on. Some call it creative destruction In the real world, certain financial institutions are so big and so interconnected that their collapse - no matter how richly deserved - threatens plain old destructive destruction. Government steps in, with taxpayer money to prevent that.

China is reforming its economy and the role of the government is noted under the market system.

Francis Shieh a.k.a. Xie Shihao, an observer of comparative economics in USA and in China.

Sunday, Nov. 1, 2009 at 3.20 p.m.