A Quote by George Allen
China owns more of our bonds than do Americans. That's not a good position to be in.
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More than four decades after Nixon met Mao, the relationship between the U.S. and China has reached a pivotal moment. To date, even as China has become more powerful and present in our lives, Americans have generally found it to be an unsatisfying 'enemy.'
We Americans have an obligation to come to China, to learn more about China. Why? Because with each passing day, it's going to be more and more in our future.
Our nation is built upon a history of immigration, dating back to our first pioneers, the Pilgrims. For more than three centuries, we have welcomed generations of immigrants to our melting pot of hyphenated America: British-Americans; Italian-Americans; Irish-Americans; Jewish-Americans; Mexican-Americans; Chinese-Americans; Indian-Americans.
The world may view India more benignly, but it does more business with China. It courts China; it needs China. Look at the genuflecting Europeans and the fork-tongued Americans!
Barry Bonds in the news. Yesterday Barry Bonds' agent said that Bonds could hit as many as 1,000 home runs. And the agent admitted he's on more drugs than Barry Bonds.
At the moment we are hard-wired into the European markets - 50% of our exports go to Europe - and that has not been good for the UK. So I'm not saying "make Britain entirely dependent on China". I'm saying "let's diversify a bit". When I became chancellor, China was our ninth largest trading partner. This is the world's second biggest economy. China was doing more business with Belgium than it was with Britain.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
China's own recent history proves that when it opens itself, there is nothing its people cannot accomplish. A more open China will lead to a more prosperous and stable China. That's good for China, the United States and, indeed, the entire world.
Those tax-exempt bonds were put in so that a town or a state or a government could sell more bonds than it ought to.
In the three years since our nation began operations in Iraq, more than 2,500 Americans have been killed and more than 18,000 Americans have been seriously wounded.
In the three years since our nation began operations in Iraq, more than 2,500 Americans have been killed and more than 18,000 Americans have been seriously wounded
Americans of good-will, the nice decent church people, the well-meaning liberals, the good hearted souls who themselves wouldn't lynch anyone, must begin to realize that they have to be more than passively good-hearted, more than church goingly Christian, and much more than word-of-mouth in the liberalism.
It was a great Olympics - Team USA finished the games with 17 more medals than China. China said it was tough to swallow - especially when they had to make all of our "We're #1" T-shirts.
India has probably lost its position to China as the world's workshop. At the same time it has the power to be ahead of China when it comes to knowledge. Not that the Chinese are far behind. They will get there. But our challenge is to invest sufficiently in education.
People take pride in being Irish-American and Italian-American. They have a particular culture that infuses the whole culture and makes it richer and more interesting. I think if we can expand that attitude to embrace African-Americans and Latino-Americans and Asian-Americans, then we will be in a position where all our kids can feel comfortable with the worlds they are coming out of, knowing they are part of something larger.
A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities with respect to a wide range of contingencies.
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