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From
the Editors It has been more than seven weeks since the terrible tragedy of September 11. Our deepest sympathies are with the victims and those who have lost their loved ones or friends. In this issue of Perspectives, we present a special column of commentaries reflecting on this event from different angles. We hope to present a spectrum of opinions regarding this tragic event and its profound impact. Our purpose is to help readers to see different views, to reflect on the tragedy, and to appreciate the importance of building bridges among different cultures and beliefs of this world. As always, views expressed in each commentary are those of the author's alone, and these views do not necessarily represent the views of any particular editor or of the journal as a whole. Also in this issue, under "Economics," Zili ZHUANG describes how the housing finance system, especially the secondary mortgage market, works in the United States. Under "Law," Jiangyu ZHU starts the first part of his comparative study of outside director liabilities and corporate governance systems in the United States and China, and Richard GUO provides his analysis of China's newly enacted Trust Law. Finally, under "Society and Culture," Jin CHEN reviews two memoirs of Lee Kuan Yew, the legendary, and sometimes controversial, leader who is largely credited for Singapore's economic success. We hope you enjoy reading these articles, and in the spirit of Perspectives, your comments, suggestions or article submissions are always welcome. With warm regards, The Editors |