Washington Post, March 31, 2009 on page A17:-
Lucian Bebchuk, a professor of law, economics and finance at Harvard Law School and director of its program on corporate governance, is the author of "A Plan for Addressing the Financial Crisis" and "How to Make TARP II Work," white papers issued in September 2008 and February 2009 by Harvard Law School's Olin Center for Law, Economics and Business. His magnum opus surely deserves to be studied.
His conclusion: "Establishing privately managed funds that are financed with both private and public capital offers the best approach to restarting the market for troubled assets. Adding a market mechanism for setting the level of government subsidy is necessary to reduce the program's cost to taxpayers and would leave the government with the most ammunition for the tasks that still lie ahead."
Such distingushed scholar has published such an article with insights and I do respect his judgment. I had similar thoughts as I sent my previous blogs apropos of the mix of private sector and the public sector in the market system. China's market system is known from my numerous visits and as a visiting consultant for United Nations Development Program (UNDP)in 1982,1986-1987. I have reason to believe that such market system in China has been witnessed by others with insights.
On page A13: Google,Music Labels Launch Download Service in China.
Google and major music companies launched a free Internet music download service for China in a bid to help turn a field dominated by pirates into a profitable, legitimate business. The ad -supported service will offer 1.1 million tracks,including the full catalogs of Chinese and Western music for Warmer Music Group,EMI Group, Sony Music Entertainment, Universal Music and 14 independent labels,the companies said. It will be limited to use by computers whose Internet protocol, or IP, addresses show they are in mainland China.
Well,music is pleasing to the ears regardless of borders or space and I am sure folks in China can enjoy both Chinese music and Western music to bridge the gap of the East and the West in this respect with impact. Here is economics of human capital of health. Music is relevant to health because music has a bearing on mood and mood is part and parcel of health. Such etiology is known to music lovers in particular. I have not encountered a person who would dislike music unless the person is deaf or mute in the light vein.(sic)
Francis Shieh a.k.a. Xie Shihao,a frequent visitor to China to learn the economic system with on-the-spot observations and intellectual findings.
March 31, 2009 at 11.15 a.m.
Tuesday, March 31, 2009
Reports from China by James Fallows:WashPost,3/31/09
Washington Post,March 31, 2009 on page C2:
"Postcards from tomorrow square" by James Fallows Vintage 262 pp. $14.95,paperback
"Reviewed by John Pomfret,staff writer of WashPost.
"Veteran journalist and former US News & World Report editor James Fallows moved to China in 2006 fully committed to unpacking the complexity of the most populous nation on Earth. It would be better if Fallows would study Chinese language and culture for better understanding of China from the original sources as etiology.
Underlying Fallows's work in China is a belief that if we don't get China right, we're in for serious problems. The US-China relationship arguably could determine the future of the world. The US and China accounted for more than half the world's economic growth. Cf. previous blogs via Sino-American Economics.
China's model of development poses a challenge to Western liberal democracy. It is in almost constant flux." It is Socio-Economics. In other words,economics is designed to serve the society. Moreover,economics has a bearing with morality and ethics. Adam Smith was a professor of philosophy and an economist as known in the West. Ben Franklin preached his aphorism well.In the East, Confucianism has influened thoughts in the minds and hearts of Chinese leaders and folks for thousands of years. It is high time for scholars to study the thoughts of renowned thinkers of the East and the West since there is One World and One Economy apropos of globalization and One Human Race for homosapiens in the name of humanity.
"China's economic miracle is the achievement of lifting 200 million people out of poverty from the billions aid by the World Bank." Fallows noted. China has had other scientific successes known to the world as empirical evidence.
Fallows has sharp eye and ears to witness the changing China in such a speedy way with amazing moving spirit. China's labor is known with business skills plus industry.
Page A12:Developing nations set to get more say at G-20 notably China to win authority to shape decisions at IMF. China is part and parcel of global financial system as observed by Howard Davies,director of London School of Economics.
Francis Shieh a.k.a. Xie Shihao trying to compare the East and the West since early 1940s with the goal to learn everyday to share my modest analysis for readers of Sino-American economics. March 31, 2009 at 10.26 a.m.
"Postcards from tomorrow square" by James Fallows Vintage 262 pp. $14.95,paperback
"Reviewed by John Pomfret,staff writer of WashPost.
"Veteran journalist and former US News & World Report editor James Fallows moved to China in 2006 fully committed to unpacking the complexity of the most populous nation on Earth. It would be better if Fallows would study Chinese language and culture for better understanding of China from the original sources as etiology.
Underlying Fallows's work in China is a belief that if we don't get China right, we're in for serious problems. The US-China relationship arguably could determine the future of the world. The US and China accounted for more than half the world's economic growth. Cf. previous blogs via Sino-American Economics.
China's model of development poses a challenge to Western liberal democracy. It is in almost constant flux." It is Socio-Economics. In other words,economics is designed to serve the society. Moreover,economics has a bearing with morality and ethics. Adam Smith was a professor of philosophy and an economist as known in the West. Ben Franklin preached his aphorism well.In the East, Confucianism has influened thoughts in the minds and hearts of Chinese leaders and folks for thousands of years. It is high time for scholars to study the thoughts of renowned thinkers of the East and the West since there is One World and One Economy apropos of globalization and One Human Race for homosapiens in the name of humanity.
"China's economic miracle is the achievement of lifting 200 million people out of poverty from the billions aid by the World Bank." Fallows noted. China has had other scientific successes known to the world as empirical evidence.
Fallows has sharp eye and ears to witness the changing China in such a speedy way with amazing moving spirit. China's labor is known with business skills plus industry.
Page A12:Developing nations set to get more say at G-20 notably China to win authority to shape decisions at IMF. China is part and parcel of global financial system as observed by Howard Davies,director of London School of Economics.
Francis Shieh a.k.a. Xie Shihao trying to compare the East and the West since early 1940s with the goal to learn everyday to share my modest analysis for readers of Sino-American economics. March 31, 2009 at 10.26 a.m.
Monday, March 30, 2009
USAToday and Wall Street Journal,March 30,09
Page 1B USA Today: Page 1B:-
Gold may rebound this week as currencies weaken following interest rate cuts by central banks, boosting the appeal of the precious metal as an alternative asset.
Page 5B:- Steps toward your goal in life:
1. Learn to save. Saving for future needs.
2. Control spending. Exercise restraint.Material things are limited but spirituality is unlimited in minds and in hearts.
3. Picture one's reason for saving. For what? Various reasons as one's own wishes.
4. Keep learning: "Work and Study Cycle Theory" www.Google.com for reference. Living is learning in the way of life.
5. Uncover one's passion. Do what one enjoys to do for pastime.
6. Look for the good in everything. Be positive in outlook and be happy and go lucky.
Wall Street Journal,March 30, 2009 on page A18:-
A call for nationalism by Jason Dean: A copy of "Unhappy China" as economic crisis damages the West for a collection of scholarly essays. Try to study Confucianism from the East as an option. The readers of such book must be alerted to the prior blog i.e. views by American leaders and thinkers apropos of US-China or Sino-American economics in the 21st century.
Francis Shieh a.k.a. Xie Shihao on March 30, 2009 at 3.20 p.m.
Gold may rebound this week as currencies weaken following interest rate cuts by central banks, boosting the appeal of the precious metal as an alternative asset.
Page 5B:- Steps toward your goal in life:
1. Learn to save. Saving for future needs.
2. Control spending. Exercise restraint.Material things are limited but spirituality is unlimited in minds and in hearts.
3. Picture one's reason for saving. For what? Various reasons as one's own wishes.
4. Keep learning: "Work and Study Cycle Theory" www.Google.com for reference. Living is learning in the way of life.
5. Uncover one's passion. Do what one enjoys to do for pastime.
6. Look for the good in everything. Be positive in outlook and be happy and go lucky.
Wall Street Journal,March 30, 2009 on page A18:-
A call for nationalism by Jason Dean: A copy of "Unhappy China" as economic crisis damages the West for a collection of scholarly essays. Try to study Confucianism from the East as an option. The readers of such book must be alerted to the prior blog i.e. views by American leaders and thinkers apropos of US-China or Sino-American economics in the 21st century.
Francis Shieh a.k.a. Xie Shihao on March 30, 2009 at 3.20 p.m.
Japanese Kanji is Chinese Hanzi: Cultural affinity
Washington Post,March 30, 2009 page A8: Crews are hard at work across Tokyo, an immaculately maintained city that is tripling its public works projects in an effort to fight back against the global recession. The rest of Japan is trying to decide whether to follow suit. (Photo in Kanji i.e. Hanzi: Pedestrians Passage in 4 Chinese characters.
"A Glimpse of the Chinese Language" is available at www.rand.org free of charge via PDF format as public service. Such cultural affinity can be known.
March 29,09 issue on page A8: Jump-Starting the Global economy: -
United States: $841 billion
China: $204 billion
Japan: $104 billion
The total amount of the stimulus packages approved by the G-20 countries amounts to $1.6 trillion. More than half of that comes from the USA.
Francis Shieh a.k.a. Xie Shihao watching G-20 with profound zeal as a lifelong learner to study the happenings of "Lingonomics" the mix of language and economics.
March 30, 2009 at 2.28 p.m.
"A Glimpse of the Chinese Language" is available at www.rand.org free of charge via PDF format as public service. Such cultural affinity can be known.
March 29,09 issue on page A8: Jump-Starting the Global economy: -
United States: $841 billion
China: $204 billion
Japan: $104 billion
The total amount of the stimulus packages approved by the G-20 countries amounts to $1.6 trillion. More than half of that comes from the USA.
Francis Shieh a.k.a. Xie Shihao watching G-20 with profound zeal as a lifelong learner to study the happenings of "Lingonomics" the mix of language and economics.
March 30, 2009 at 2.28 p.m.
How China and American became One Economy(sic)
Zachary Karabell is the President of River Twice Research and the author of the forthcoming book with the above title. Washington Post Sunday,March 29, 2009 published on page B1,B5: The following citation would be timely for G20 in London on April 2, 2009 to try to resolve economic crisis by 20 nations in the days,months and years to come. President Obama will meet President Hu for US-China economics/Sino-American economics apropos of the global dimension. To wit:
"Former national security adviser Zhigniew Brzezinski has remarked that the world should focus less on the G20 and more on a "G2" of China and the United States. In many respects, the two nations have become a single economic system; historian Niall Ferguson has even coined the term "Chimerida" to describe their symbiosis. In 2008, before the economic storm hit, China and the US accounted for more than half of all global economic growth. John Lipsky, the deputy director of the IMF predicted that emerging economies would provide 100% of the world's growth in 2009. Given that China is the linchpin of the emerging world, it could well account for much of global growth now, much as the US did in the mid-20th century heyday."
RE: "Work and Study Cycle Theory",(1978) listed in the Library of Congress www.loc.gov and Georgetown University Library online catalog, I had the same rationale in the conclusion and I am delighted to learn that other thinkers have the identical thoughts as quoted above. Such citations would be useful for readers of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Monday,March 30, 2009 at 10.16 a.m.
"Former national security adviser Zhigniew Brzezinski has remarked that the world should focus less on the G20 and more on a "G2" of China and the United States. In many respects, the two nations have become a single economic system; historian Niall Ferguson has even coined the term "Chimerida" to describe their symbiosis. In 2008, before the economic storm hit, China and the US accounted for more than half of all global economic growth. John Lipsky, the deputy director of the IMF predicted that emerging economies would provide 100% of the world's growth in 2009. Given that China is the linchpin of the emerging world, it could well account for much of global growth now, much as the US did in the mid-20th century heyday."
RE: "Work and Study Cycle Theory",(1978) listed in the Library of Congress www.loc.gov and Georgetown University Library online catalog, I had the same rationale in the conclusion and I am delighted to learn that other thinkers have the identical thoughts as quoted above. Such citations would be useful for readers of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao on Monday,March 30, 2009 at 10.16 a.m.
Sunday, March 29, 2009
US plans to work with China,Russia on Afghanistan
Washington Post,March 27, 09 page A13 Regional Outreach for common ground in the 21st century apropos of the study of Terrorism.
WashPost,March 28 page A12 Editorial: Al-Qaeda is actively planning attacks on the US homeland from its safe haven to Pakistan, the description by Mr.Obama.
The following books may be useful for such endeavor.We need a team builder for such a goal to prevent a return of the terrorists such as Al-Qaida and Taliban.
1.Leaderless Jihad: Terror Networks in the 21st century by Marc Sageman: University of Pennsylvaia Press, Philadelphia, PA, 2008; hardcover, 200 pages, $24.95,http://www.pennpress.org
2. Architect of Global Jihad: The Life of Al-Qaida Strategist Abu Mus'ab al-Suri; By Bryngar Lia; Columbia University Press, New York, 2008; hardcover,510 pages, $28.95, http://www.columbia.edu/cu/cup
3.The History of Terrorism: From Antiquity
to Al Qaeda; Edited by Gerard Chaliand and Arnaud Blin; University of California Press, Berkeley, 2007; Softcover, 474 pages, $24.95, http://www.uspress.edu
Our winning attitude assures success. When there is a will,there is a way!
Francis Shieh a.k.a.Xie Shihao,a readers of contemporary references to keep pace with the developments to share with readers online via www.Sino-American Economics of Peace. Sunday, March 29, 2009 at 2.36 p.m.
WashPost,March 28 page A12 Editorial: Al-Qaeda is actively planning attacks on the US homeland from its safe haven to Pakistan, the description by Mr.Obama.
The following books may be useful for such endeavor.We need a team builder for such a goal to prevent a return of the terrorists such as Al-Qaida and Taliban.
1.Leaderless Jihad: Terror Networks in the 21st century by Marc Sageman: University of Pennsylvaia Press, Philadelphia, PA, 2008; hardcover, 200 pages, $24.95,http://www.pennpress.org
2. Architect of Global Jihad: The Life of Al-Qaida Strategist Abu Mus'ab al-Suri; By Bryngar Lia; Columbia University Press, New York, 2008; hardcover,510 pages, $28.95, http://www.columbia.edu/cu/cup
3.The History of Terrorism: From Antiquity
to Al Qaeda; Edited by Gerard Chaliand and Arnaud Blin; University of California Press, Berkeley, 2007; Softcover, 474 pages, $24.95, http://www.uspress.edu
Our winning attitude assures success. When there is a will,there is a way!
Francis Shieh a.k.a.Xie Shihao,a readers of contemporary references to keep pace with the developments to share with readers online via www.Sino-American Economics of Peace. Sunday, March 29, 2009 at 2.36 p.m.
Saturday, March 28, 2009
Gold is the thing folks do cherish in China and in USA
A bit of humor to be submitted to G-20 in London on April 2, 2009:
Columbus once observed that gold was such wonderful stuff that it could even get you into Heaven. While it has lost some of this luster with the passage of centuries as sophistication has grown among men and women who deal in monetary matters,a good many folks still believe that our links to gold are the solid obstacles that keep us from going right to HELL,acronym for: H as Haven "An quan suo" in Chinese Pin Yin.
E - Enhancing
L - Light
L - Lens
The role of gold,not only in our monetary structure, but in our minds and hearts as crucial to every investment decision.
The orthodox view of gold has powerful supporters among ladies. The Special Drawing Rights created by IMF are basically tied to gold,indeed.
Francis Shieh a.k.a. Xie Shihao who would share the above with readers for fun.
Saturday,March 28, 2009 at 3.50 p.m.
Columbus once observed that gold was such wonderful stuff that it could even get you into Heaven. While it has lost some of this luster with the passage of centuries as sophistication has grown among men and women who deal in monetary matters,a good many folks still believe that our links to gold are the solid obstacles that keep us from going right to HELL,acronym for: H as Haven "An quan suo" in Chinese Pin Yin.
E - Enhancing
L - Light
L - Lens
The role of gold,not only in our monetary structure, but in our minds and hearts as crucial to every investment decision.
The orthodox view of gold has powerful supporters among ladies. The Special Drawing Rights created by IMF are basically tied to gold,indeed.
Francis Shieh a.k.a. Xie Shihao who would share the above with readers for fun.
Saturday,March 28, 2009 at 3.50 p.m.
Subscribe to:
Posts (Atom)