Washington Post,Oct.7, 2008 on pageD3:
Thomas Hartman,an analyst at Altavest Worldwide Trading said: "Investors piled into gold futures with moving the dollar. That is the flight to quality. Folks want tangible things and gold is truly an asset, whereas currencies i.e. euro,the dollar are papers and some investors are uncomfortable now. My comment: Gold and other metals have intrinsic value especially in Asia or China in particular.
Page D2: Headlines:
As economy slows, deflation could loom: Analysts point to slow spending, tight credit months after inflatin scare.
Adam Lerrick, an economist at Carnegie Mellon University said: " Oil is down but does anyone expect it will be lower in the years to come? Another economist, Bill Gross said: "Capitalism depends on mild inflation. If not,the dynamics of capitalism move in reverse." My brief comment on inflation may be seen at www.msn.com
New York Mayor Michael Bloomberg urged British and US to use caution. He said:"There are plenty of emerging financial capitals that are gunning for us: from Dubai to Shanghai, and from San Paolo to Singapore." He means globalization of international finance including Shanghai,the city holds Expo in 2010. I visited Shanghai three times in the last nine months. Moreover,I visited Singapore in 1995 and San Paolo in 1997 to see the law-abiding folks in Singapore and the good things of relatives in Brazil especially in San Paulo.
China's Ping An Insurance had a $2.3 billion loss on its stake in troubled European bank Fortis. Chinese institutions have been largely unaffected by the credit crisis that has battered US and European banks. Chinese institutions' holdings of bonds linked to troubled US mortgage lending are limited. Such is a good reference for Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao,a student to study economics in different nations for understanding the globalization in the 20th century to be updated into 21st century. Oct. 7, 2008 at 11.15 a.m.
Tuesday, October 7, 2008
East Meets West:" Cure" magazine,Fall 2008
Integrating traditional Chinese medicine may ease side effects: Jenny Roquemore is a law Librarian. She was diagnosed with HER2 positive, estrogen receptor negative breast cancer,she explored not only conventional therapies, but also found herself drawn to traditioal Chinese medicine. After her chemo,she added Chinese herbs to help combat other side effects. Dr. Lorenzo Cohen said: "I think there is better understanding now that many of the treatments that the Chinese have been using for hundreds, if not thousands, of years may, in fact, be useful in the battle aginst cancer.
Healing Holistically: Cancer is viewed differently by TCM(Traditional Chinese Medicine) physicians than by Western doctors partly because TCM is based don the Daoist belief that everything in the universe is interconnected.(nexus)
TCM views the human body as an energy system with "CHI" being the energy or life force. CHI flows through invisible channels in the body called meridians and TCM therapies such as acupuncture, are used to unblock the CHI flow in the meridians. Blockages are believed to be caused by myriad sources both inside and outside the body, such as dietary habits, genetics, past diseases,exercie,work environment,lifestyle and sexual activity. TCM believes that stress and depression affect the CHI, so mental balance is important too. It is recommended that exercise and walking to promote better sleep with meditation in calming down the mind to alleviate worry.
CURE magazine: Combining science and humanity www.curetoday.com $4.99
Francis Shieh a.k.a. Xie Shihao,an octogenarian advocate of the combo of science and humanity for scientists and humanists to work together to solve problems of humankind. It is important to learn interdisciplinary approach to the study of arts and sciences in the 21st century. Economics may be regarded as the nexus of arts and sciences to serve humanity. October 7, 2008 at 6.52 a.m.
Healing Holistically: Cancer is viewed differently by TCM(Traditional Chinese Medicine) physicians than by Western doctors partly because TCM is based don the Daoist belief that everything in the universe is interconnected.(nexus)
TCM views the human body as an energy system with "CHI" being the energy or life force. CHI flows through invisible channels in the body called meridians and TCM therapies such as acupuncture, are used to unblock the CHI flow in the meridians. Blockages are believed to be caused by myriad sources both inside and outside the body, such as dietary habits, genetics, past diseases,exercie,work environment,lifestyle and sexual activity. TCM believes that stress and depression affect the CHI, so mental balance is important too. It is recommended that exercise and walking to promote better sleep with meditation in calming down the mind to alleviate worry.
CURE magazine: Combining science and humanity www.curetoday.com $4.99
Francis Shieh a.k.a. Xie Shihao,an octogenarian advocate of the combo of science and humanity for scientists and humanists to work together to solve problems of humankind. It is important to learn interdisciplinary approach to the study of arts and sciences in the 21st century. Economics may be regarded as the nexus of arts and sciences to serve humanity. October 7, 2008 at 6.52 a.m.
Monday, October 6, 2008
Wall Street Journal: US-China Relations-Oct.6, 2008
Page A8:
US Proposes $6.43 billion arms sale to Taiwan: Gordon Johndroe,National Security Council Member for the White House said: "We have a wide-ranging relationship with China. We are committed to the one-China policy which holds that Taiwan is a part of China. We have seen improving relations between China and Taiwan and we expectr that to continue." He said.
Page A18:
China is king of coal: US burns about one billion tons of coal yearly,mostly to generate electricity and China plans to build coal-fired plants. I believe that US and China can coperate for mutual benefit re energy in the 21st century.
Page A19:
America and the New Financial World,an article published in WSJ by Zachary Karabell. Karabell is the author of his latest book, "Chi-merica: How the US and China Became One." The book will be published in 2009 by Simon and Schuster. His rationale is the same,I believe,as my theme in my blogs in the past apropos of Sino-American Economics in the positive scenario for mutual benefit in constructive ways.
Page C8: China will test short-selling, margin lending : It is bet plus or gambling at best in my view. Any forecaster may be a fortune teller to tell his/her fortune or misfortune. I always remember what John K. Galbraith's wise saying about two kinds of forecasters: Those who don't know and those who don't know they don't know in humor with wisdom,indeed!
Francis Shieh a.k.a. Xie Shihao,a reader to keep other readers informed in a jiffy via www.blogger.com
October 6, 2008 at 3.10 p.m.
US Proposes $6.43 billion arms sale to Taiwan: Gordon Johndroe,National Security Council Member for the White House said: "We have a wide-ranging relationship with China. We are committed to the one-China policy which holds that Taiwan is a part of China. We have seen improving relations between China and Taiwan and we expectr that to continue." He said.
Page A18:
China is king of coal: US burns about one billion tons of coal yearly,mostly to generate electricity and China plans to build coal-fired plants. I believe that US and China can coperate for mutual benefit re energy in the 21st century.
Page A19:
America and the New Financial World,an article published in WSJ by Zachary Karabell. Karabell is the author of his latest book, "Chi-merica: How the US and China Became One." The book will be published in 2009 by Simon and Schuster. His rationale is the same,I believe,as my theme in my blogs in the past apropos of Sino-American Economics in the positive scenario for mutual benefit in constructive ways.
Page C8: China will test short-selling, margin lending : It is bet plus or gambling at best in my view. Any forecaster may be a fortune teller to tell his/her fortune or misfortune. I always remember what John K. Galbraith's wise saying about two kinds of forecasters: Those who don't know and those who don't know they don't know in humor with wisdom,indeed!
Francis Shieh a.k.a. Xie Shihao,a reader to keep other readers informed in a jiffy via www.blogger.com
October 6, 2008 at 3.10 p.m.
Washington Post, October 6, 2008 page A15 with my thoughts
"What is frightening is not any one event but the prospect that things are slipping out of control. Panic - political as well as economic - is the foe. The chief economics commentator commented in the Financial Times. Political economy is mentioned in "Keys for Economic Understanding." Cf. www.Amazon.com or www.ask.com online for reference of the nexus of politics and economy in USA and in China apropos of Monetary Policy in particular.
The crisis caught folks by surprise and is global in scope. However,true success is derived from providing VALUE to others, not from grabbing material things on earth.
Let us be spontaneous and surrender to the unexpected with equanimity and fortitude.
"Capitalism's inherent instabilities were blamed - fairly, up to a point. However,positive externality must be understood such as education in the public sector re economic development apropos of training as human capital. Overborrowing, over investment and speculation chronically govern business cycles. The FED unwittingly transformed an ordinary recession into a calamity by permitting a banking collapse and a disastrous drop in the money supply." My comment: The lifestyle of the people and the FED policies plus the poor management have caused the crisis in the world. Equation of Exchange and Quantity Theory of Money may be noted for reference but the credit explosion has diminished the light to the full capacity. Lately,consumers have curbed spending and would have impact on the GDP to contraction from the Consumption Sector. We must find spiritual retreat to remain calm in the language of humor with faith,hope and love in this mundane world. We navigate via instincts with inspiration and motivation.
Francis Shieh a.k.a. Xie Shihao with thoughts in the field of economics and philosophy of life.
October 6, 2008 at 10.06 a.m.
The crisis caught folks by surprise and is global in scope. However,true success is derived from providing VALUE to others, not from grabbing material things on earth.
Let us be spontaneous and surrender to the unexpected with equanimity and fortitude.
"Capitalism's inherent instabilities were blamed - fairly, up to a point. However,positive externality must be understood such as education in the public sector re economic development apropos of training as human capital. Overborrowing, over investment and speculation chronically govern business cycles. The FED unwittingly transformed an ordinary recession into a calamity by permitting a banking collapse and a disastrous drop in the money supply." My comment: The lifestyle of the people and the FED policies plus the poor management have caused the crisis in the world. Equation of Exchange and Quantity Theory of Money may be noted for reference but the credit explosion has diminished the light to the full capacity. Lately,consumers have curbed spending and would have impact on the GDP to contraction from the Consumption Sector. We must find spiritual retreat to remain calm in the language of humor with faith,hope and love in this mundane world. We navigate via instincts with inspiration and motivation.
Francis Shieh a.k.a. Xie Shihao with thoughts in the field of economics and philosophy of life.
October 6, 2008 at 10.06 a.m.
Sunday, October 5, 2008
"The American Scholar," Autumn 2008 issue on China
On page 32: A professor of English wrote: "Why are so many Chinese students good at taking tests but poor at analytical thinking." I wonder if the writer discredited himself as a former Chinese student with poor analytical ability? He is professor of English and I trust that he does have analytical thinking as a scholar from China.
The professor wrote further: "China's college graduates are less creative and innovative than college graduates at the West." Is the professor Pro-West/ Anti-China as a former graduate from Heilongjiang University in China? Is he pointing out his own weakness? Perhaps he can be appointed as a professor of Chinese from China as a native of China. I happen to know a person with Ph.D in English but was appointed as a Professor of Chinese since she is a holder of a degree from China. A very interesting case for the reference of a professor of English with thoughts.
Moreover,the professor stated: "China is richer than before but its wealth relies on duplicating and emulating foreign products." Such wild and general statement is unfair,untrue and unjust since China's wealth does not rely on foreign products. On the contrary,China's exports are selling well for the benefit of consumers in all nations. Consequently, China has foreign exchange reserve of $1.8 trillion as the result of China's own efforts in accumulating wealth. However, China's human capital is China's real wealth. Such wealth is not temporary and will not dwindle away as the professor pointed out in his article. I smell a ghost writer here since the article appears to be the work of a Westerner. Oh, Mea Culpa! Perhaps the professor of English is a Westerner other than his ethnicity.
Francis Shieh a.k.a. Xie Shihao,a graduate student from China in 1947. As an octogenarian but I still a learner to blog positive Sino-American Economics for the benefit of USA and China instead of being Pro-West and Anti-China as the writer did. Thanks for your time in reading and I apologize for any less creative thinking if detected? As I am a graduate from a university in China and I do resent the accusation that college graduates are less creative and innovative than college graduates in the West. As a holder of my graduate degrees from the United States and as a US citizen of Chinese ancestry, I have pride of China's Confucianism re ethics and morality to be compared with the financial crisis in the West with equal attention to be paid to Adam Smith as a professor of moral philosophy before the publication of "The Wealth of Nations."
The above write-up is my personal view. Any feedback from readers would be invited with my heartfelt appreciation. Have a great day,everyday! Sunday,Oct.5, 2008 at 2.08 p.m.
The professor wrote further: "China's college graduates are less creative and innovative than college graduates at the West." Is the professor Pro-West/ Anti-China as a former graduate from Heilongjiang University in China? Is he pointing out his own weakness? Perhaps he can be appointed as a professor of Chinese from China as a native of China. I happen to know a person with Ph.D in English but was appointed as a Professor of Chinese since she is a holder of a degree from China. A very interesting case for the reference of a professor of English with thoughts.
Moreover,the professor stated: "China is richer than before but its wealth relies on duplicating and emulating foreign products." Such wild and general statement is unfair,untrue and unjust since China's wealth does not rely on foreign products. On the contrary,China's exports are selling well for the benefit of consumers in all nations. Consequently, China has foreign exchange reserve of $1.8 trillion as the result of China's own efforts in accumulating wealth. However, China's human capital is China's real wealth. Such wealth is not temporary and will not dwindle away as the professor pointed out in his article. I smell a ghost writer here since the article appears to be the work of a Westerner. Oh, Mea Culpa! Perhaps the professor of English is a Westerner other than his ethnicity.
Francis Shieh a.k.a. Xie Shihao,a graduate student from China in 1947. As an octogenarian but I still a learner to blog positive Sino-American Economics for the benefit of USA and China instead of being Pro-West and Anti-China as the writer did. Thanks for your time in reading and I apologize for any less creative thinking if detected? As I am a graduate from a university in China and I do resent the accusation that college graduates are less creative and innovative than college graduates in the West. As a holder of my graduate degrees from the United States and as a US citizen of Chinese ancestry, I have pride of China's Confucianism re ethics and morality to be compared with the financial crisis in the West with equal attention to be paid to Adam Smith as a professor of moral philosophy before the publication of "The Wealth of Nations."
The above write-up is my personal view. Any feedback from readers would be invited with my heartfelt appreciation. Have a great day,everyday! Sunday,Oct.5, 2008 at 2.08 p.m.
The Snowball: Biography of Warren Buffett and Taiwan
"The Oracle of Omaha", the most successful investor of modern times, the world's richest man and most generous philanthropist. Buffett is investing in China,the nation with human capital i.e. the most populous nation in the world. I have reason to believe that Buffett would endorse the investment of human capital via work and study to enhance productivity with lifelong learning for good folks in all nations as eleemosynary endeavor for education of all people in all nations regardless financial status. Bill Gates has done for the foundation with such admirable intent for Buffett's reference. I salute to both "Oracles" (i.e. the ability to give wise guidance) for their spirituality toward homosapiens on earth. "Work and Study Cycle Theory" to be validated and implemented in all nations for peace and economic development. Cf.www.ask.com or www.Amazon.com online for reference.
US sold arms to Taiwan as published in the Washington Post and reported by Phoenix TV in Hong Kong. It is well-known that trade is beneficial to all nations to honor the Law of Comparative Advantage as noted by international investment in China.
Since the US government has officially proclaimed: "There is only one China and Taiwan is a part of China" decades ago and since President Ma of Taiwan wants to have closer relationship with China,any such sale would be inimical to the healthy development of US-China relations as I would envision as a citizen of the United States pondering the best interst of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 before the establishment of PRC in 1949.
October 5, 2008 at 7.30 a.m.
US sold arms to Taiwan as published in the Washington Post and reported by Phoenix TV in Hong Kong. It is well-known that trade is beneficial to all nations to honor the Law of Comparative Advantage as noted by international investment in China.
Since the US government has officially proclaimed: "There is only one China and Taiwan is a part of China" decades ago and since President Ma of Taiwan wants to have closer relationship with China,any such sale would be inimical to the healthy development of US-China relations as I would envision as a citizen of the United States pondering the best interst of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 before the establishment of PRC in 1949.
October 5, 2008 at 7.30 a.m.
Saturday, October 4, 2008
Bush enacts historic financial rescue
Washington Post, Oct. 4, 2008 Headline on page A1:'
"In an unusual display of urgency President Bush signed the bill less than two hours later, and Treasury Henry M Paulson, Jr. said he plans to start spending the money within weeks. The measure gives Paulson expansive powers - unprecedented outside of wartime - to intervene in financial markets by relieving faltering firms of distressed assets backed by home mortgages, which ar falling into foreclosure at record rates." I read such news with great interest for learning purposes.
Paulson has visited China many times in past years and he is promoting closer economic relations of USA and China for mutual benefit.
\
Francis Shieh a.k.a. Xie Shihao, a watcher of economic development with interest as a lifelong student of economics in every human endeavor including the economics of cruising to Carubbean that I experienced years ago and in China as well.
There are five "Ws" of vacation planning: I traveled to China 3 times during the past months and expect to travel again in January 2009.
Who is going?
What to pack?
Where to go?
When to go?, and
Why I am going such as relaxation, adventure, sightseeing et al. Perhaps "H" should be added for How to get the best deal as my planning thoughts.
October4, 2008 at 5.32 p.m.
"In an unusual display of urgency President Bush signed the bill less than two hours later, and Treasury Henry M Paulson, Jr. said he plans to start spending the money within weeks. The measure gives Paulson expansive powers - unprecedented outside of wartime - to intervene in financial markets by relieving faltering firms of distressed assets backed by home mortgages, which ar falling into foreclosure at record rates." I read such news with great interest for learning purposes.
Paulson has visited China many times in past years and he is promoting closer economic relations of USA and China for mutual benefit.
\
Francis Shieh a.k.a. Xie Shihao, a watcher of economic development with interest as a lifelong student of economics in every human endeavor including the economics of cruising to Carubbean that I experienced years ago and in China as well.
There are five "Ws" of vacation planning: I traveled to China 3 times during the past months and expect to travel again in January 2009.
Who is going?
What to pack?
Where to go?
When to go?, and
Why I am going such as relaxation, adventure, sightseeing et al. Perhaps "H" should be added for How to get the best deal as my planning thoughts.
October4, 2008 at 5.32 p.m.
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