Wall Street Journal,Nov.30, 2007 page A2

China,US reach accord over subsidies. Susan Schwab,the US trade ambassador announced such as evidence for US-China to work together to settle disputes to their mutual benefit. Such settlement was hailed by NAM as a pragmatic outcome. I have been advocating Sino-American economics in the positive way for mutual benefit in the 21st century for quite sometime as a student of economics. WSJ, Nov.30,2007 on Page B5: Cofounder Krumlish of Venture firm moves to Shanghai Xintiandi from San Francisco with faith in China's growth. That is the same reasoning as I have sent my blogs in the past. Francis Shieh a.k.a. Xie Shihao. Nov.30, 2007

US-China to be partners:Washington Post,11/30/07

On page A23: Brzezinski,former national security adviser to President Jimmy Carter, is the author of "Second Chance: Three Presidents and the Crisis of American Superpower." He writes:" The effort to resolve by negotiations North Korea's defiance of the global nonproliferation regime may yet prove successful. If so, does that experience offer a guide for coping with the challenge posed by Iran's expanding nuclear program? Would a comprehensive dialogue on this issue between US and China be useful? It could be timely and historically expedient. I would concur with his reasoning.
On the economic front,Henry Paulson,Jr. is going to China again. He is familiar with economics in banking with his expertise as a investment banker in the past. In this connection,I wish to cite a new book entitled "Banking on Global Markets" by Chris Kolrak of Columbia University. He also published "National Cultures and International Competition." Here I can detect Chinese culture to have impacts effecting the market system in globalization. In other words,international cooperation would be furthering developments and any conflict would hinder endeavors since international banking evolved from businesses to domination by enormous transnational markets. For instance,Ping An Insurance,China's second largest life insurer,bought a 4.18% stake in Fortis for about $ 3 billion, becoming the Dutch-Belgiam financial service firm's biggest shareholder. Such access would gain success in the Chinese market. Words for the wise readers would be sufficient to see the happenstance. Francis Shieh a.k.a. Xie Shihao on Nov.30, 2007

Hank Paulson,Jr. is a friend of China to compete with EU

Treasury Secretary Henry M. Paulson Jr. has taken the leading role in shaping economic policy apropos of mortgage and credit markets, and the replacement of Hubbard could strengthen the clout of Bush administration for the rest 14 months until January 20, 2009. Keith Hennessey has been with Bush administration since 2002 and he knows political economy as a remarkably talented insider with insights.
EU officials said they were reassured that China would take steps to ease trade imbalances and open China's markets.
US can compete with EU under economic policy of trade and related matters under the leadership of Paulson. He is going to China on December 12, 2007. Let us wait and see the results in the days to come. Francis Shieh a.k.a. Xie Shihao. November 30, 2007 at 6.38 a.m.

Briefing for US-China relations and US Economy

Washington Post's Kaplan education plans to buy a majority stake in a Chinese business that prepares students to enter British universities. It has been a minority owner in Shanghai since April and plans to provide training in finance in a partnership with Southwest University of Finance and Economics in Chengdu in western China. American Consulate General has an office in Chengdu and Citibank as well. I taught at Nanjing University of Finance and Economics in 2002. I have reason to believe that finance and economics are important for Chinese and Americans as well.
US Economy: Jeffrey Garten,a Yale School of Business professor said:" What we are seeing is a very broad rebalancing of economic and political power in the world. How true! I have been studying Political Economy since early 1940s and I am still learning the happenstance as my lifelong pursuit. Harvard's Kenneth Froot noted the ascendance of China and the dollar's monopoly as the world's dominant reserve currency is under threat. Joseph Stiglitz, a Nobel laureate economist said:"The change in mindset about the use of the dollar in reserves and the movement of the dollar out of reserves will continue to exert downward pressure." Johns Hopkins University's Riordan Roett said:"It is a loss of confidence in both the dollar and the U.S." "It may reflect the widespread dismay with the Bush administration but the next administratioin will have a steep uphill struggle." My comment: readers of this blog can have varying scenarios in the days to come for projections in your own right. Francis Shieh a.k.a. Xie Shihao. Nov. 29, 2007

Be relevant as a student in applied economics

Hi to folks, I try to provide real life examples in my blogs to help identify my strengths and weaknesses and hone critical skills to tackle the daily demands of my work with greater speed, savvy, and effectiveness. What I need to know to be an intelligent consumer of economics in making plans, and to use economic concepts in making decisions apropos of acquiring and allocating the resources.
In order to make sense re economics in the real world,I shall refrain from making estimates of unquantifiable data in re lifestyles of folks of Sino-American economics. Perhaps the following acronyms would do the tricks: SWOC for explanations below-
S - Strengths
W - Weaknesses
O - Opportunities
C - Challenges

The above may be applied to all folks when making decisions for true understanding of LIFE on earth.

Folklores in USA or in China with the inclusions below:
Myths, legends, jokes, proverbs,riddles,chants,oaths,tongue twisters,folk belief,folk medicine,folk song,folk speech,folk music et al.
Francis Shieh a.k.a. Xie Shihao. November 28, 2007

Economics: The Shock Doctrine by Naomi Klein

Published by Metropolitan. 558 pp. $28. Reviewed by Shashi Tharoor. Despite limitations, the book is a valuable addition to have attempted to rethink the post-Cold War age. Francis Fukkuyama's notion of the end of history - the idea that all societies would be governed by liberal democracy and free markets - started the process of reflection: Samuel Huntington's concept of the "clash of civilizations" underpinnedd mush of the anxiety that followed the realization that reports of history's demise were exaggerated. Thomas Frieddman's celebration of the flatness of the globalized world is now countered by Klein's argument that when disasters flatten societies, capitlists see opportunities to profit and spread their influence. Each thesis has its flaws, but each contributed to the contest of ideas about the shape and direction of our current Age of Uncertainty. My comment: The late Professor John K. Galbraith had such vision decades ago with his book entitled "The Age of Uncertainty." BRAVO to the late Professor Galbraith for his insights with vision,indeed! Francis Shieh aka Xie Shihao on Tuesday,Nov.27, 2007

New PM Kevin Rudd promises new course on Iraq,Warming

Kevin Rudd, 50, a former diplomat who speaks fluent Chinese, urged voters to support him because Howard, 68, was out of touch with modern Australia and ill-equipped to deal with issues such as climate change et al.(Washington Post,November 25, 2007 page A17.ISSUES with comments: How many people can speak the Chinese language even though about 1/4 people in the world speak Chinese since China is in the most populous nation in the world. To resolve such issue,"A Glimpse of the Chinese Language" in English would be useful for Australians to learn the expertise of the Prime Minister i.e. English and Chinese in the light vein with humor! Needless to say,Americans would find such reference useful in order to learn the art and music simultaneously i.e. calligraphy and the tones of Chinese Mandarin. Such work may be searched at www.rand.org and www.Amazon.com online book catalog. It is the property of US Government when it was published by the RAND Corporation in 1965. However,there is no expiration date of such work because language has been and is still being spoken all the time ad infinitum regardless of the year of publication. Nobody would impugn,indeed! Xie Shihao aka Francis Shieh. November 26, 2007 at 6.45 a.m.