Geithner staying in office for now; warns of debt ceiling impasse

Web Exclusive
July 01, 2011

Text and photos by Ted Regencia

To read the Xinhua English version of the story please click here

CHICAGO — U.S. Treasury Secretary Timothy Geithner said Thursday he is keeping his post for the “foreseeable future,” telling an audience in Chicago that he wants to continue helping President Obama solve the country’s economic woes, on top of which is the budget negotiation that would raise the debt ceiling and prevent the country from defaulting.

“I live for this work. It’s the only thing I’ve ever done. I believe in it. We have lots of challenges in the country, I’m going to do it for the foreseeable future,” Geithner said when asked by former U.S. President Bill Clinton. Clinton hosted a two-day economic summit here.

Earlier, Bloomberg News reported that Geithner will resign as soon as the Obama administration and Congress reach a deal on raising the U.S. debt ceiling.

“People are worried, or interested, because you know, I have a family. My son’s going back to New York to finish high school and I’ve been commuting for a while, but I’m gonna be doing this for the foreseeable future,” Geithner said.

Speaking about the contentious issue that’s dominating Washington D.C., Geithner urged Republican lawmakers to reach an agreement with President Obama to raise the debt ceiling, warning that failure to do so would be catastrophic to the American economy.

Continue reading “Geithner staying in office for now; warns of debt ceiling impasse”

Chicago universities see language as U.S. bridge to China

Xinhua English
May 15, 2011

By Ted Regencia

CHICAGO — Amid the lingering misunderstanding between the world’s largest economies of the U.S. and China, two language professors from top Chicago universities said understanding Chinese is crucial to improving trans-national relationship.

“Chinese language is really a conduit. Actually it can serve as a bridge. Through learning Chinese, my American students can gradually get to know about China, about the Chinese people,” said Prof. Licheng Gu of Northwestern University.

“They (American students) have a lot of misunderstanding about China. But while learning Chinese, they have to know about the Chinese culture. So my Chinese language teachers explain to the students what the real China is,” he said. Continue reading “Chicago universities see language as U.S. bridge to China”