Washington Post,Nov.24, 2008 on page A17: Writer Fareed Zakaria,editor of Newsweek International.
"Economists on both the left and right agree that a massive fiscal stimulus is needed and that for now, we should not be worrying about deficits,which could total between 1 trillion and $1.5 trillion, or between 7 and 11% of GDP- America has to get someone to buy its debt. And the only country with the cash to do so is CHINA.
In September, China became America's largest foreign creditor, surpassing Japan, which no longer buys large amounts of Treasury notes. China is America's banker since China's foreign exchange reserve atand at about $2 trillion to be compared with America's relatively puny $73 billion.
People often say that China and America are equally dependent on each other,says Joseph Stiglitz, winner of the 2001 Nobel Prize in Economics."
In the conclusion of "Work and Study Cycle Theory"(1978)listed at www.loc.gov I envisioned the cooperation and collaboration of USA and China. Morever, I hinted such in all my blogs via www.Sino-American Economics in the past.
Economist Richard Moorsteen of the RAND Corporation published "Remaking China Policy" Harvard University Press in 1971 with the same positive scenario of USA and China. Search Richard Moorsteen at www.Google.com
Since Professor Niall Ferguson describes the birth of a new nation,namely Chimerica i.e. China and USA. Perhaps he would be eminently qualified to be the next US Ambassador to China. Needless to say,President-elect Obama would be in a position to nominate Professor Ferguson for such crucial assignmemt.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 and a watcher of Sino-American relations on Monday,November 24, 2008 at 10.15 a.m.
Monday, November 24, 2008
Live well. Laugh often and Love much:aphorism for all
To the readers of US-China relations in the 21st century: ALOHA from an honorary citizen of Honolulu, Hawaii. Cheerful attitude is an important asset. Such asset may be worth more than money. Get invigorated by taking a proper path everyday. We are uniquely equipped to blaze a trail for the path of learning. Whichever we move we make, there will be a cost. The cost may be our time. We must strive for the equilibrium between time and value. Time should be spent with optimum. Any cost may be offset by the benefit. Such is cost and benefit analysis in our actions. Be reasonably rapturous for fun. Longevity may be attained via laughter for emotional outlet. It would be wise to utilize our ability to our best fit in the midst of a financial storm such as economic crisis nowadays. A smile and a kind face would be contributions to wellness. Wellness is sine qua non for human capital.
Human capital must be applied to Sino-American Economics in the days to come.
Francis Shieh a.k.a. Xie Shihao,a student of economic philosophy for optimal living in the mundane world.
Monday,November 24, 2008 at 6.30 a.m.
Human capital must be applied to Sino-American Economics in the days to come.
Francis Shieh a.k.a. Xie Shihao,a student of economic philosophy for optimal living in the mundane world.
Monday,November 24, 2008 at 6.30 a.m.
Sunday, November 23, 2008
Eggs and fish are good food sources of Vitamin D
Sequel to human capital of health apropos of Sino-American Economics: We can get foods rich in omega-3 fats to combat depression. Certain vitamins in food can change brain chemistry. Anything that affects our mood as a powerful drug when it comes to how we feel and act. The best food sources are salmon,m sardines and herring.
Vitamins B6,B12 have been studied for mood regulation. Foods rich in folic acid include leafy green veggie,sunflower seeds,soybeanm, beets, and oranges.
Stay healthy and live to be centenarians.
Francis Shieh a.k.a. Xie Shihao on Sunday,Nov.23, 2008 at 1.15 p.m.
Vitamins B6,B12 have been studied for mood regulation. Foods rich in folic acid include leafy green veggie,sunflower seeds,soybeanm, beets, and oranges.
Stay healthy and live to be centenarians.
Francis Shieh a.k.a. Xie Shihao on Sunday,Nov.23, 2008 at 1.15 p.m.
The Shadow of Deflation
A downward price spiral menaces American prosperity:-
Economists call it "asset price deflation" and it is driven by the worldwide shrinkage of credit and the corresponding scramble to turn anything that can still be sold into CASH. Acronym for Come All Stay Healthy. You better believe it! Jobs vanish, banks fail and the economy stagnates. The US government must enact a large package designed to free up as much consumer and business spending as possible. Published by the Washington Post,Nov.23,2008 on page B6 as an editorial.
My comment: We are living in a cashless society but we need CASH during financial crisis. Such oxymoron is a figure of speech combining seemingly contradictory expression. Truth untruthful kept us falsely true. Perplexed by the greedy perpetrators with or without savvy? That is the question of questions! Who is able to answer such queries? I would reiterate the aphorism from Professor John Kenneth Galbraith: "There are those who don't know and those who don't know they don't know." The case rests here with economic wisdom as an inexact science.
Francis Shieh a.k.a. Xie Shihao, an octogenarian learner to be unlearned until reaching the age as a centenarian. That remains to be seen in the days,weeks,months, years or decades to come.
Sunday,November 23, 2008 at 9.50 a.m.
Economists call it "asset price deflation" and it is driven by the worldwide shrinkage of credit and the corresponding scramble to turn anything that can still be sold into CASH. Acronym for Come All Stay Healthy. You better believe it! Jobs vanish, banks fail and the economy stagnates. The US government must enact a large package designed to free up as much consumer and business spending as possible. Published by the Washington Post,Nov.23,2008 on page B6 as an editorial.
My comment: We are living in a cashless society but we need CASH during financial crisis. Such oxymoron is a figure of speech combining seemingly contradictory expression. Truth untruthful kept us falsely true. Perplexed by the greedy perpetrators with or without savvy? That is the question of questions! Who is able to answer such queries? I would reiterate the aphorism from Professor John Kenneth Galbraith: "There are those who don't know and those who don't know they don't know." The case rests here with economic wisdom as an inexact science.
Francis Shieh a.k.a. Xie Shihao, an octogenarian learner to be unlearned until reaching the age as a centenarian. That remains to be seen in the days,weeks,months, years or decades to come.
Sunday,November 23, 2008 at 9.50 a.m.
"Payback" by Margaret Atwood. 230 pp. Paperback,$15.95
David Liss is the reviewer for the Book World,Nov.23,2008. It is a delightfully engaging, smart, funny,clever and terrifying analysis of the role debt plays in our culture, our consciousness, our economy and our ecology. She goes back to ancient worship to show how, in the afterlife, the soul's status was valued using models of credit and debit. If systems from personal relationships to global financial markets, operate on the assumption of basic fairness, then what happens when actors cannot or will not repay their debts? As we have seen with investment giants over-leveraged with bad derivatives, everything begins to break down, including the illusions that once held things together. Ineqality is reaching boiling point, and on human, national, economic and environmental fronts, we are setting ourselves up for some monumental payback. It is scary stuff, but lucky for us it is also entremely entertainings.
My comment: When we look at the paper currency,we find the small print:"This note is legal tender for all debts,public and private" How true when we are witnessing the public sector comes to rescue the private sector apropos of the global financial crisis as a clear evidence! Moreover,when we turn to the other side of the bill,we find the Caps: "IN GOD WE TRUST" We must trust the Divine Providence since the mundane world is a credit-based economy. All of us shall leave if we are aware of the letter M on the palm of our hands.
Francis Shieh a.k.a. Xie Shihao, an avid student of economics trying to learn such empiricism with spirituality in the secular society with trust and confidence of the papers(i.e. currency and government securities or commercial papers et al) plus plastic cards with financial clout that we cherish dearly. Such is in the light vein with intellectual humor if and when detected. Happy Thanksgiving (Nov.27,2008) to all those that we are indebted for the credits that we deserve or otherwise.(sic) Hehehahahoho all the way to strive to live to be centenarians. Amen!
Sunday, November 23,2008 at 7.08 a.m.
My comment: When we look at the paper currency,we find the small print:"This note is legal tender for all debts,public and private" How true when we are witnessing the public sector comes to rescue the private sector apropos of the global financial crisis as a clear evidence! Moreover,when we turn to the other side of the bill,we find the Caps: "IN GOD WE TRUST" We must trust the Divine Providence since the mundane world is a credit-based economy. All of us shall leave if we are aware of the letter M on the palm of our hands.
Francis Shieh a.k.a. Xie Shihao, an avid student of economics trying to learn such empiricism with spirituality in the secular society with trust and confidence of the papers(i.e. currency and government securities or commercial papers et al) plus plastic cards with financial clout that we cherish dearly. Such is in the light vein with intellectual humor if and when detected. Happy Thanksgiving (Nov.27,2008) to all those that we are indebted for the credits that we deserve or otherwise.(sic) Hehehahahoho all the way to strive to live to be centenarians. Amen!
Sunday, November 23,2008 at 7.08 a.m.
Saturday, November 22, 2008
Clinton and Jones may be nominated on Monday after Thanksgiving
If the headlines are going to be materialized as published online re the Washington Post,Georgetown University Alumni Association would be glad to have Mrs. Clinton's husband Bill Clinton and James L. Jones as products of Georgetown. Bill Clinton was former President for 8 years and Jones is an expert in National Security affairs as President-elect Obama's adviser. Moreover, Secretary of Defense Gates is a graduate of Georgetown University Graduate School with expertise in Russian affairs. Gates recommended that China must be consulted for US defense for the new administration i.e. North Korea's nuclear problem to be defused for peace in Asia and the world.
Francis Shieh, a.k.a. Xie Shihao, a graduate student at Georgetown from 1948-1950 with vivid memory of campus life. I still feel like a student notwithstanding my age as an octogenarian. To reciprocate Georgetown's scholarship, I have offered my six works to the Georgetown University library in the fields of Economics and China Studies. However,ten of my works are selected at the Library of Congress online catalog.www.loc.gov
November 22, 2008 at 2.32 p.m.
Francis Shieh, a.k.a. Xie Shihao, a graduate student at Georgetown from 1948-1950 with vivid memory of campus life. I still feel like a student notwithstanding my age as an octogenarian. To reciprocate Georgetown's scholarship, I have offered my six works to the Georgetown University library in the fields of Economics and China Studies. However,ten of my works are selected at the Library of Congress online catalog.www.loc.gov
November 22, 2008 at 2.32 p.m.
Washington Post,Nov .22, 2008 page D1,D3
Citi works to assure investors: The government remains committed to preventing the collapse of any large financial institutiion. Citigroup is one of the world's largest credit card lenders and issued a statement saying that Citi has a very strong capital and liquidity position and unique global franchise.
Mike Duke named CEO as world's largest retailer steps up foreign expansion: Photo shows customers leave a Wal-Mart supermarket in Hunan Province, China. The international division is the fastest growning segment of Wal-Mart's business.
The above is evidence of Sino-American Economics again.
Francis Shieh a.k.a. Xie Shihao on Saturday,Nov.22, 2008 at 10.30 a.m.
Mike Duke named CEO as world's largest retailer steps up foreign expansion: Photo shows customers leave a Wal-Mart supermarket in Hunan Province, China. The international division is the fastest growning segment of Wal-Mart's business.
The above is evidence of Sino-American Economics again.
Francis Shieh a.k.a. Xie Shihao on Saturday,Nov.22, 2008 at 10.30 a.m.
Subscribe to:
Posts (Atom)