"Economist" magazine,May 29, 2009 issue and Hong Kong Phoenix TV commentator have the same rationale as I sent my blogs in the past. I try to compare notes with others apropos of my views in my blogs.
"In order to spur a vibrant recovery, US households must rebuild their balance sheets. China's stimulus is the most spectacular policy regarding loosened fiscal and monetary reins." I would recommend Humanpower Policy in re job creation from skilled labor.
Such idea is cited in "Work and study Cycle Theory" about lifelong learning plus training in "Keys for Economic Understanding." www.Amazon.com online book catalog.
"Government policy helps explain why big emerging economies can recover more quickly,such as China and India but China's rebound will only be sustained if the economy shifts further from state-sponsored investment to private consumption." As far as I know,consumption sector has been stressed but the outcome remains to be seen from empirical evidence during the course of time from global context.
Newsweek" magazine,June 1,2009:
Secretary of Treasury may be Secretary of the Recovery (sic) page A15 Tim Geithner said:"We have a huge interest in common, and we want them to feel invested in making this system work." The past days to hector is gone. In Pin Yin: "Weixie and qiwu" would never pressure China if Chinese culture is noted. Experiences over Dogma! In Pin Yin "Jingnian bi Jiao diao hao"
Words to the wise would be sufficient for the readers to detect the past and the present US-China dialogue even the future communications in the months to come.
Francis Shieh aka Xie Shihao,a lifelong student to witness US-China relations since my arrival at the US in 1947 as a graduate student from China.
Sunday, May 31,2009 at 1.46 p.m.
Sunday, May 31, 2009
Saturday, May 30, 2009
USAToday,May 29-31,2009 Page 1A Headlines
"Leap IN U.S. DEBT SADDLES TAXPAYERS": Each household 12% deeper in red. Such rise in red ink in 2008 stems from explosion of federal borrowing during the recession, plus an aging population driving up the costs and Medicare and Social Security.
Bottom Line: The government took on $6.8 trillion in new obligation in 2008, pushing the total owed to a record $63.8 trillion: Congress can reduce or incease the burden by changing laws. That remains to be seen, however. Such huge data are fitting during the age of digital operations. Ponder and reason with deep thoughts!
Higly recommending "WIRED" Magazine,June 2009 issue:
Page 108: The secrets of GOOGLENOMICS. It rules the world of search, but its secret sauce:A data-fueled auction-driven recipe for profitability that the rest of us need to start learning from fast.
MACRO side: altruistic behavior i.e. Internet use enriches Google and the users are friendly grateful for such good deal.
Professor Hal Varian is the high priest of Googlenomics. He'll be the keynote speaker at the conference of American Economics Association in 2010. Next year is the year of Expo 2010 in Shanghai for global trade, a super exhibition. What a coincidence for Sino-American Economics.
MICRO side: pay the price! High or low? Consumer behavior involves lifestyle,custom and tradition et al of humans. The idea and ideals are to be explored in the 21st century.
Qing Wu is one of Professor Varian's minions.In Pin Yin:"nupu" a yes-man servant. The servant serves the master but someday the servant knows all to surpass his master. We expect the unexpected i.e.the economy of China and the US economy.
Wu's specialty is forecasting. Professor John K. Galbraith commented forecasting several decades ago with humor: "Those who don't know and those who don't know they don't know." Is Professor Galbraith correct or otherwise? The answer lies with the readers from empirical evidence.
Such is the truth with mature wisdom as profound reflections re the science of Economics with Delta changes plus Delta choices.
Francis Shieh aka Xie Shihao, a lifelong student on May 30, 2009 at 2.42 p.m.
Bottom Line: The government took on $6.8 trillion in new obligation in 2008, pushing the total owed to a record $63.8 trillion: Congress can reduce or incease the burden by changing laws. That remains to be seen, however. Such huge data are fitting during the age of digital operations. Ponder and reason with deep thoughts!
Higly recommending "WIRED" Magazine,June 2009 issue:
Page 108: The secrets of GOOGLENOMICS. It rules the world of search, but its secret sauce:A data-fueled auction-driven recipe for profitability that the rest of us need to start learning from fast.
MACRO side: altruistic behavior i.e. Internet use enriches Google and the users are friendly grateful for such good deal.
Professor Hal Varian is the high priest of Googlenomics. He'll be the keynote speaker at the conference of American Economics Association in 2010. Next year is the year of Expo 2010 in Shanghai for global trade, a super exhibition. What a coincidence for Sino-American Economics.
MICRO side: pay the price! High or low? Consumer behavior involves lifestyle,custom and tradition et al of humans. The idea and ideals are to be explored in the 21st century.
Qing Wu is one of Professor Varian's minions.In Pin Yin:"nupu" a yes-man servant. The servant serves the master but someday the servant knows all to surpass his master. We expect the unexpected i.e.the economy of China and the US economy.
Wu's specialty is forecasting. Professor John K. Galbraith commented forecasting several decades ago with humor: "Those who don't know and those who don't know they don't know." Is Professor Galbraith correct or otherwise? The answer lies with the readers from empirical evidence.
Such is the truth with mature wisdom as profound reflections re the science of Economics with Delta changes plus Delta choices.
Francis Shieh aka Xie Shihao, a lifelong student on May 30, 2009 at 2.42 p.m.
Push to improve language proficiency for understanding
Washington Post,May 30, 2009 page A5:
Amy Zegart, a professor at the University of California at L.A. said the "foreign language deficit" is a problem that reflects flaws with trade and federal deficits.
Americans need to study the Chinese language,a form of art and music for cultural enrichment and true understanding and Chinese must study American English and American culture such as economics. English is the language of international business for global communication in the IT world.
Languages are desiderata in the increasingly sophisticated markets seeking knowledge and wisdom with such sina qua non skills. Chinese and English are two official languages in the United Nations plus French, Spanish,Russian and Arabic.
Francis Shieh aka Xie Shihao, a teacher since 1945 and a lifelong student of languages with zeal to communcate with other folks on earth.
Saturday,May 30, 2009 at 10.36 a.m.
Amy Zegart, a professor at the University of California at L.A. said the "foreign language deficit" is a problem that reflects flaws with trade and federal deficits.
Americans need to study the Chinese language,a form of art and music for cultural enrichment and true understanding and Chinese must study American English and American culture such as economics. English is the language of international business for global communication in the IT world.
Languages are desiderata in the increasingly sophisticated markets seeking knowledge and wisdom with such sina qua non skills. Chinese and English are two official languages in the United Nations plus French, Spanish,Russian and Arabic.
Francis Shieh aka Xie Shihao, a teacher since 1945 and a lifelong student of languages with zeal to communcate with other folks on earth.
Saturday,May 30, 2009 at 10.36 a.m.
Friday, May 29, 2009
Wall Street Journal,May 28, 2009 page A1,A2 and A15
WSJ,May 28, 2009 page A1,A2:
To wit: "The market is looking at the over $ 1 trillion deficit and how we'll finance it and concluding it is too big to finance without FED assistance. But FED assistance is causing inflation worries, " says Bianco president of Bianco Research.
"Moody's investors service affirmed the USs triple A rating on Wednesday, despite significant deterioration in the US government's debt position. Moody's identified the dollar's underlying strengths. The global role of the US currency also contributes to the ability of the economy and government finances to rebound," said Moody's VP Steven Hess.
Such situation would be very timely for Treasury Secretary Geithner's visit in China June 1 to June 2,09 to encourge China to hold US government securities as investment. This is my rationale for mutual benefit of two countries namely: USA and China
Page A15:
"Beijing wants a strong dollar" by Zachary Karabell.
Karabell is the author of "Superfusion: How China and America became one economy and why the world's prosperity depends on it." The book is to be published by Simon and Schuster in October 2009.
To quoe passages of the article: -
"As the largest trader of US debt, the Chinese government is restless as the $2 trillion in foreign exchange reserves it holds fluctuates primarily based on the management or mismanagement of American financial institutions. Any action taken by China to imperil the economic stability of the US would be an act of mutually assured destruction. The challenge is to see benefit rather than threat in the economic relationship." Positive or otherwise in terms of globalization as I would comment about such problems in the 21st century.
Francis Shieh aka Xie Shihao on May 29, 2009 at 2.52 p.m.
To wit: "The market is looking at the over $ 1 trillion deficit and how we'll finance it and concluding it is too big to finance without FED assistance. But FED assistance is causing inflation worries, " says Bianco president of Bianco Research.
"Moody's investors service affirmed the USs triple A rating on Wednesday, despite significant deterioration in the US government's debt position. Moody's identified the dollar's underlying strengths. The global role of the US currency also contributes to the ability of the economy and government finances to rebound," said Moody's VP Steven Hess.
Such situation would be very timely for Treasury Secretary Geithner's visit in China June 1 to June 2,09 to encourge China to hold US government securities as investment. This is my rationale for mutual benefit of two countries namely: USA and China
Page A15:
"Beijing wants a strong dollar" by Zachary Karabell.
Karabell is the author of "Superfusion: How China and America became one economy and why the world's prosperity depends on it." The book is to be published by Simon and Schuster in October 2009.
To quoe passages of the article: -
"As the largest trader of US debt, the Chinese government is restless as the $2 trillion in foreign exchange reserves it holds fluctuates primarily based on the management or mismanagement of American financial institutions. Any action taken by China to imperil the economic stability of the US would be an act of mutually assured destruction. The challenge is to see benefit rather than threat in the economic relationship." Positive or otherwise in terms of globalization as I would comment about such problems in the 21st century.
Francis Shieh aka Xie Shihao on May 29, 2009 at 2.52 p.m.
Growing government influence in private firms
Washington Post,May 29, 2009 page A14:
Property of the US Government: General Motors(GM) ownership stake about 70% US Investment about $50 billion.
Citigroup about 33% US Investment about $45 billion Photo of Citigroup: As a partial owner of Citigroup, the US has reshaped the firm's board. It is political economy in action. As I sent my blogs in the past,such is the mix of public and private sectors of the US economy. My rationale is not incorrect as my modest view or humble opinion.
Page A12: "Geithner to pursue practical goals, tone in trip to China: A far more pragmatic approach to America's economic relationship with China including President Obama's thought on China" Such view would mean cooperation and collaboration with China as I sent my prior blogs. To quote further:
"The United States, experts point out, has relatively less leverage with the Chinese than it once did, and it is uncertain whether a direct confrontation with a nation that is the single biggest bankroller of the US government would really serve US interests.
Any move by China to sell off large chucks of US debt could result in far higher borrowing costs for the US government, even puting upward pressure on US mortgage rates. Geithner, once studied Chinese in Beijing - will be using his face time with the top leadership to establish a longer term working relationship with Chinese officials." End of quotes.
As I sent my blogs in the past. It is high time for Americans to study Chinese language and Chinese culture for understanding and it is equally important for Chinese to study American English and American culture including the American economy. I have published "A Glimpse of the Chinese Language" and "Keys for Economic Understanding" for Americans and Chinese to be educated for better understanding for peace and economic development in the 21st century.
Francis Shieh aka Xie Shihao,an octogenarian teacher and a lifelong student on May 29, 2009 at 11.36 a.m.
Property of the US Government: General Motors(GM) ownership stake about 70% US Investment about $50 billion.
Citigroup about 33% US Investment about $45 billion Photo of Citigroup: As a partial owner of Citigroup, the US has reshaped the firm's board. It is political economy in action. As I sent my blogs in the past,such is the mix of public and private sectors of the US economy. My rationale is not incorrect as my modest view or humble opinion.
Page A12: "Geithner to pursue practical goals, tone in trip to China: A far more pragmatic approach to America's economic relationship with China including President Obama's thought on China" Such view would mean cooperation and collaboration with China as I sent my prior blogs. To quote further:
"The United States, experts point out, has relatively less leverage with the Chinese than it once did, and it is uncertain whether a direct confrontation with a nation that is the single biggest bankroller of the US government would really serve US interests.
Any move by China to sell off large chucks of US debt could result in far higher borrowing costs for the US government, even puting upward pressure on US mortgage rates. Geithner, once studied Chinese in Beijing - will be using his face time with the top leadership to establish a longer term working relationship with Chinese officials." End of quotes.
As I sent my blogs in the past. It is high time for Americans to study Chinese language and Chinese culture for understanding and it is equally important for Chinese to study American English and American culture including the American economy. I have published "A Glimpse of the Chinese Language" and "Keys for Economic Understanding" for Americans and Chinese to be educated for better understanding for peace and economic development in the 21st century.
Francis Shieh aka Xie Shihao,an octogenarian teacher and a lifelong student on May 29, 2009 at 11.36 a.m.
Thursday, May 28, 2009
The Washington Times,May 28, 2009
Page A2:
White House plans to nominate Miguel H. Diaz, the Cuban American,the professor of theology ad St.John's University for the top job at the Vatican. Pope would welcome such disciple from the sheep as members of the Mystical Body.
Page A12:
Secretary of Treasury Tim Geithner to focus on trade in China next week: High level talks designed to strengthen the ties between USA and China. Such objectives are Sino-American Economics in evidence under Political Economy.
With China holding much of the US debt, Geithner is not in a position to bargain, economists say and I concur. Who would call the shots? Debtor or Creditor?
Danial Mitchell, a senior economist with the Cato Institute said: "The US has become the Argentina of industralized world, with our reckless monetary policy and irresponsible fiscal policy." That is Macro-Economics that I taught for 4 decades+ in USA and in China as well.
Mr. Prasad, a global economist said: "US and China have become locked in a fairly tight embrace, and this embrace is going to become tighter over time." Such is love of two nations.(sic)I could not disagree with more as I sent my prior blogs.
Geithner will deliver a speech at Beda next week apropos of Sino-American Economics in the real world from the official high-level policy maker's decision.
Francis Shieh aka Xie Shihao,a lifelong student of economics since early 1940s at St.John's University. At 3.12 p.m.
White House plans to nominate Miguel H. Diaz, the Cuban American,the professor of theology ad St.John's University for the top job at the Vatican. Pope would welcome such disciple from the sheep as members of the Mystical Body.
Page A12:
Secretary of Treasury Tim Geithner to focus on trade in China next week: High level talks designed to strengthen the ties between USA and China. Such objectives are Sino-American Economics in evidence under Political Economy.
With China holding much of the US debt, Geithner is not in a position to bargain, economists say and I concur. Who would call the shots? Debtor or Creditor?
Danial Mitchell, a senior economist with the Cato Institute said: "The US has become the Argentina of industralized world, with our reckless monetary policy and irresponsible fiscal policy." That is Macro-Economics that I taught for 4 decades+ in USA and in China as well.
Mr. Prasad, a global economist said: "US and China have become locked in a fairly tight embrace, and this embrace is going to become tighter over time." Such is love of two nations.(sic)I could not disagree with more as I sent my prior blogs.
Geithner will deliver a speech at Beda next week apropos of Sino-American Economics in the real world from the official high-level policy maker's decision.
Francis Shieh aka Xie Shihao,a lifelong student of economics since early 1940s at St.John's University. At 3.12 p.m.
Chinese need o be an integral part of global recovery
Washington Post,May 28, 2009 Editorial on page A18:
China lent it, the United States spent it, is a boiled-down description of the economic relatiionship between the two countries over the past decade. US consumers gobbled up inexpensive Chinese goods, fueling high levels of global growth. The Chinese amassed huge saving, which were in large part used to fund US borrowing. The is not a virtuous cycle, but it is one that became hard to break.
I would recommend "Work and Study Cycle" to enhance productivity through education and training of workers in USA and in China to make constributions as bi-lateral division of labor without any idealogical bent for humanity in globalization.
IMF urges China to take measures to increase household incmes and Chinese would like to take a bigger role in governing the IMF.
Page C8: Spelling Error or Honest Mistake:
"Pickles" Comics: "Sweaty Pie" rather than "Sweetie Pie" to be addressed to the wife who is also elderly. An error occurred!
The wife was addressed as "Angle Face" instead of "Angel Face" as the original intent of the husband.
Well, to err is human and to forgive is divine. That is the line.
In short words via Pin Yin: "Yi yu dao po" with "Yi xiao zhi zhi"
Francis Shieh aka Xie Shihao with Hehehahahoho all the way for fun on Thursday,May 28, 2009 at 11.52 a.m.
China lent it, the United States spent it, is a boiled-down description of the economic relatiionship between the two countries over the past decade. US consumers gobbled up inexpensive Chinese goods, fueling high levels of global growth. The Chinese amassed huge saving, which were in large part used to fund US borrowing. The is not a virtuous cycle, but it is one that became hard to break.
I would recommend "Work and Study Cycle" to enhance productivity through education and training of workers in USA and in China to make constributions as bi-lateral division of labor without any idealogical bent for humanity in globalization.
IMF urges China to take measures to increase household incmes and Chinese would like to take a bigger role in governing the IMF.
Page C8: Spelling Error or Honest Mistake:
"Pickles" Comics: "Sweaty Pie" rather than "Sweetie Pie" to be addressed to the wife who is also elderly. An error occurred!
The wife was addressed as "Angle Face" instead of "Angel Face" as the original intent of the husband.
Well, to err is human and to forgive is divine. That is the line.
In short words via Pin Yin: "Yi yu dao po" with "Yi xiao zhi zhi"
Francis Shieh aka Xie Shihao with Hehehahahoho all the way for fun on Thursday,May 28, 2009 at 11.52 a.m.
Subscribe to:
Posts (Atom)