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Thread: US lends 85 billions dollars to AIG!
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[quote=MARRIE,324608]China Sovereign funds are absorbing stocks of major wallstreet firms and bank of america. heard it's initiated by a chinese high ranked fin. officer with one of the best minds graduated from Harvard. It's said several years ago that China will be Americanized and Westernized coz it had been sending lots of elites in various industries to UK and US for studying and rebuilding China and at the same time introducing western texts and teachers in colleges and universties. <<One thing is different in this era: there are emerging economies ready to drive the world economy. >> I agree with Paul. Global economy is featured by multi-poles drivers. US fin crisis has an impact on the world but has not as muchsignificance as it did before. Short selling (it is legal strategic speculation) is just one of the elements that trigue plunge and i think this crisis should be weighed much more on US political enviroment - presidential campaine. Economy and Politics are twin brothers. Personally, I prefer conservative then liberal (surely, if i am getting old and less competitive, i could vote for liberal or US communist party???) But I am afraid if McCaine can win the race. He seems lack something that a lead must have. Maybe he is too old, has shortage of thriving energy, or his brain used to be hurt in Vietnam War...and the joke is he points a running mate who was surprised by her nominee. BTW, i support more women involed in political affairs. [/quote]
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