Reading Time: < 1 minute Fannie/Freddie Short term I think it’s a deal for fed. But long term (it seems nobody is caring about long term these days), why should China continue to buy the Fannie/Freddie debt, for some premium over the US treasuries with substantial mortgage market risk (liquidity). I agree the US treasuries and Fannie/Freddie debt are co-related.

Reading Time: 2 minutes (Update, according to WSJ) The deal in summary: the US treasury dept. will put up to 200 billion ($100 billion each) to support the mortgages loss from Fannie and Freddie; the treasury will buy $1 billlon of preferred shares for 10% divivend, the preferred are senior to all other preferred previously issued (I believe all

Reading Time: < 1 minute This year I have used all the three appoaches to communicate with IRS for my (our joint) federal income tax matter. Things have been mostly resolved now. But looking back I think I could use the IRS local office more often. Each appoach has its pros and cons, here are my takes on each appoach.

Reading Time: < 1 minute Ross Perot is a fun guy. He was known for founding the IT service giant EDS, sending in team to rescue EDS employee kidnapped in Iran, and his presidential bid in 1992, among other things. Here is his Wiki entry. I found his opinion on China economy growth when I searched “Ross Perot McCain” and

Reading Time: < 1 minute (Source: Yahoo Tech-ticker) or may I add Chinese kids, for that matter. One reason the New Oriental (NYSE:EDU), the China based private education company which specialized in TOEFL, GRE, SAT, ACT, College and Graduate entrance exams, has been so successful.

Reading Time: 2 minutes Normally I don’t talk about politics or religion in my blog. But I was indeed excited by the John McCain interesting VP pick (last Friday) shortly following Barack Obama’s historical nomination last week. I am not talking just from gender or race point of view. I am talking about the excitment this election generates from

Reading Time: < 1 minute (Update Sept 5) It seems there are anti-trust concern about this acquisition. Some source says if this merge approved, Coca Cola will have 40% of juice market share in China. Another concern is, like many Chinese companies (Sohu, Netease), Huiyuan is actually registered in Cayman Island, theoritically it is M&A between two foreign companies. It

Reading Time: < 1 minute Install software (web hosting) Drupal, WordPress and phpBB. Had problems with the Chinese input (display). Found the solution to WordPress problem from web. Re-install the phpBB with Chinese langugage pack manualy, because I could not add Chinese langugage after the fantastico automatic installation. I will fight the Drupal problem later on (with the confidence installing

Reading Time: < 1 minute (Update Sept 3) It appears we are all duped by this news. There are reports (mitbbs) that this while thing is manufactured by MacRumors, or someone in China. I was not surprised to see another Fu Rong Sister like thing. (Original) I heard about it from web these days, and found NY Daily news has

Reading Time: < 1 minute Yesterday I rided the DC-9 (Northwest Air) from MSP to STL. My seat is near the wing, and it was very noisy. So I did some search, and here is the wiki entry of DC-9. As I guessed, DC-9 is an old aircraft (30+ years old). Quote Wiki: “The McDonnell Douglas DC-9 (initially known as