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SHANGHAI — China announced a huge economic stimulus plan on Sunday aimed at bolstering its weakening economy, a sweeping move that could also help fight the effects of the global slowdown.

At a time when major infrastructure projects are being put off around the world, China said it would spend an estimated $586 billion over the next two years — roughly 7 percent of its gross domestic product each year — to construct new railways, subways and airports and to rebuild communities devastated by an earthquake in the southwest in May.


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The US Treasury said Monday it would seek to borrow a record 550 billion dollars in the October-December period to help stabilize the financial sector hammered by the global credit crisis.The fourth-quarter borrowing estimate was substantially higher than the 408 billion dollars announced in July, and is a record high for quarterly estimates, a Treasury official said.

“The increase in borrowing is primarily due to higher outlays related to economic assistance programs, lower receipts, and lower net issuances of state and local government series securities,” the Treasury said in a statement.

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“We Do for the Troops”Presents

“It’s about Troops not Policy” Veterans Appreciation
November 14, 2008
War Memorial Veterans’ Building
401 Van Ness Avenue
Green Room
San Francisco, CA 94102

Cocktail Reception & honoring our troops: 600PM
District Installation Ceremony: 700PM
Green Room- Social with 3DJ’s and dancing: 715PM
VIP Room – Military/Business/Civic Leaders Social: 7:15PM
*$10 suggested donation at door
All proceeds go to educational, vocational, medical, and social programs for the Veterans of the San Francisco Bay Area.

*VIP Social room available to all donors of legal drinking age

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Andrew Sherman, Esq. of Dickstien Shapiro, LLP, and a member of Gerbsman Partners Board of Intellectual Capital is a transactional lawyer, strategic advisor, Adjunct Professor in the MBA programs at the University of Maryland and at Georgetown University, keynote speaker at conferences and is an author of seventeen (17) books on business growth and development.

Attached is one of his many papers on maximizing value for Small Business. Andrew will also be releasing next week his first book on personal growth and development Road Rules: Be the Truck. Not the Squirrel.

Please take a look at Be the Truck

Road Rules has recently been called “an elixir for calming frayed nerves” by a national radio host and “a source of calm during the storm” by the CEO of a global company.  Andrew has received extremely positive reviews from the business, legal and capital formation communities.

For additional information, please contact Andrew below.

Andrew J. Sherman, Esq.
Dickstein Shapiro, LLP
1825 I Street, NW
Washington, DC 20006-5403
(ph) 202-420-5000
(fax) 202-420-2201
shermana@dicksteinshapiro.com

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Credit markets have started to thaw, yet stocks and the larger economy keep sliding. What’s going on? Among the problems are the reality of recession and the uncertainty over Barack Obama’s policies. But the larger story is that the global economy is fast popping its latest monetary bubble, the one over the last 14 months in commodity prices and non-dollar currencies.

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