MENU

BILINGUAL BLOG – BLOG SONG NGỮ ANH VIỆT SHARE KNOWLEGE AND IMPROVE LANGUAGE

--------------------------- TÌM KIẾM TRÊN BLOG NÀY BẰNG GOOGLE SEARCH ----------------------------

TXT-TO-SPEECH – PHẦN MỀM ĐỌC VĂN BẢN

Click phải, chọn open link in New tab, chọn ngôn ngữ trên giao diện mới, dán văn bản vào và Click SAY – văn bản sẽ được đọc với các thứ tiếng theo hai giọng nam và nữ (chọn male/female)

- HOME - VỀ TRANG ĐẦU

CONN'S CURENT THERAPY 2016 - ANH-VIỆT

150 ECG - 150 ĐTĐ - HAMPTON - 4th ED.

VISUAL DIAGNOSIS IN THE NEWBORN

Saturday, June 4, 2011

IMF bombshell: Age of America nears end - Quĩ Tiền tệ Quốc tế (IMF) vừa thả một trái bom “Thời đại Mỹ” sẽ chấm dứt

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHnG0q9Ejm43TaQAveYt7NvgjsUf6icJPDftOzaq9ClCqtz4mrl8M1X6i0tiz7c6Mh-bNhiihCtCpUJpe6rWdG2oaEMTwbrTBepOaIprm5D3xPeu9U38XNyAKD-nzchT2udZdpmWK3BzUH/s1600/IMFChina2016.jpg


IMF bombshell: Age of America nears end
Commentary: China’s economy will surpass the U.S. in 2016

By Brett Arends, MarketWatch

Quĩ Tiền tệ Quốc tế (IMF) vừa thả một trái bom “Thời đại Mỹ” sẽ chấm dứt và nền kinh tế Hoa Kỳ sẽ bị nền kinh tế Trung Quốc qua mặt năm 2016.

By Brett Arends, MarketWatch

This column has been updated to include a reaction from the IMF.

Bài báo này đã được thêm phần cập nhật về phản ứng của IMF

BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

BOSTON (MarketWatch) Quĩ Tiền tệ Quốc tế (IMF) vừa thả một trái bom mà không ai để ý.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

And it’s a lot closer than you may think.

Lần đầu tiên, tổ chức quốc tế này đã đưa ra một thời điểm rõ ràng để đánh dấu cái lúc mà “Thời đại Mỹ” sẽ chấm dứt và nền kinh tế Hoa Kỳ sẽ bị nền kinh tế Trung Quốc qua mặt.

Đó là một ngày gần kề hơn bạn tưởng rất nhiều.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

Put that in your calendar.

Theo những dự báo chính thức mới nhất của IMF, kinh tế Trung Quốc sẽ qua mặt kinh tế Hoa Kỳ thực sự vào năm 2016 – chỉ còn 5 năm nữa thôi.

Hãy ghi điều này lên lịch.

It provides a painful context for the budget wrangling taking place in Washington right now. It raises enormous questions about what the international security system is going to look like in just a handful of years. And it casts a deepening cloud over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.

Lời dự đoán này vẽ lên một tình huống khá nhức nhối cho cuộc tranh cãi gay gắt về vấn đề ngân sách đang diễn ra tại Washington. Nó nêu lên những câu hỏi to lớn về hình ảnh của hệ thống an ninh toàn cầu chỉ vài năm tới đây. Nó còn tạo ra một đám mây đen phủ lên tương lai của đồng Mỹ kim và thị trường trái phiếu vĩ đại của Bộ Ngân khố Mỹ – hai thực thể được chống đỡ trong nhiều thập kỷ qua nhờ địa vị ưu thế là được dùng làm trái khoản (liabilities) của một bá quyền thế giới.

According to the IMF forecast, which was quietly posted on the Fund’s website just two weeks ago, whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.

Theo dự báo của IMF, một thông tin được lặng lẽ đăng trên website của tổ chức tài chính này chỉ hai tuần trước đây, bất cứ ai được đắc cử tổng thống Hoa Kỳ vào sang năm – Obama? Mitt Romney? Donald Trump? – cũng sẽ là vị tổng thống cuối cùng trị vì một nền kinh tế lớn nhất thế giới.

Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s.

Gần như mọi người đều không sẵn sàng chấp nhận sự kiện này. Thậm chí họ không ý thức nó đến gần kề thế ấy. Nếu bạn lắng nghe các chuyên gia đủ mọi trường phái, họ sẽ nói với bạn rằng thời điểm ấy vẫn còn cách xa đến nhiều thập kỷ. Chuyên gia bi quan nhất sẽ đặt thời điểm đó vào giữa thập niên 2020.

But they’re miscounting. They’re only comparing the gross domestic products of the two countries using current exchange rates.

Nhưng họ đã làm sai con tính. Họ chỉ so sánh GDP (tổng sản lượng nội địa) của hai quốc gia căn cứ trên hối suất hiện nay.

That’s a largely meaningless comparison in real terms. Exchange rates change quickly. And China’s exchange rates are phony. China artificially undervalues its currency, the renminbi, through massive intervention in the markets.

Đó là một sự so sánh gần như vô nghĩa trong thực tế. Hối suất thay đổi nhanh chóng. Ngoài ra, hối suất của Trung Quốc là không thật. Trung Quốc hạ giá đơn vị tiền tệ của mình, tức đồng nhân dân tệ, xuống một mức giả tạo, bằng cách can thiệp ào ạt vào các hoạt động thị trường.

The comparison that really matters.

In addition to comparing the two countries based on exchange rates, the IMF analysis also looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies.

Một cách so sánh thực sự có ý nghĩa.

Ngoài việc so sánh hai quốc gia căn cứ trên hối suất, bản phân tích của IMF còn nhìn vào bức tranh mô tả đúng đắn và đích thực hai nền kinh tế bằng cách dùng lý thuyết “định hối suất bằng cách đối chiếu sức mua của tiền tệ mỗi nước đối với hàng hóa và dịch vụ nội địa”

(purchasing power parities, gọi tắt là PPP). Cách này so sánh người dân kiếm được gì và tiêu pha gì dưới dạng thức hàng hóa và dịch vụ có thật trong nền kinh tế nội địa của họ.

Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.

Theo cách đối chiếu PPP, kinh tế Trung Quốc sẽ tăng trưởng từ 11.200 tỉ đôla trong năm này lên đến 19.000 tỉ đôla vào năm 2016. Trong khi đó, kinh tế Hoa Kỳ sẽ tăng từ 15.200 tỉ đôla lên 18.8000 tỉ đôla. Cách đối chiếu này sẽ đưa sản lượng của Hoa Kỳ xuống một con số bằng 17,7% sản lượng của thế giới, một tỉ lệ thấp nhất trong thời hiện đại. Trong khi đó sản lượng của Trung Quốc sẽ lên đến con số tương đương với 18% sản lượng thế giới, và còn tăng lên nữa.

Just 10 years ago, the U.S. economy was three times the size of China’s.

Naturally, all forecasts are fallible. Time and chance happen to them all. The actual date when China surpasses the U.S. might come even earlier than the IMF predicts, or somewhat later. If the great Chinese juggernaut blows a tire, as a growing number fear it might, it could even delay things by several years. But the outcome is scarcely in doubt.

Chỉ cách đây 10 năm, kinh tế Hoa Kỳ lớn gấp ba lần kinh tế Trung Quốc.

Đương nhiên, mọi dự đoán đều có thể sai lầm. Thời cơ là yếu tố có thể ảnh hưởng đến mọi dự đoán. Cái ngày Trung Quốc thật sự qua mặt Hoa Kỳ có thể đến sớm hơn IMF tiên đoán, hoặc có phần chậm hơn. Nếu cỗ máy khổng lồ của Trung Quốc bị nổ một bánh xe, như ngày càng có nhiều người lo sợ việc này có thể xảy ra, thì nó thậm chí có thể làm đình trệ sự tăng trưởng dăm bảy năm. Nhưng việc kinh tế Trung Quốc vượt qua kinh tế Hoa Kỳ gần như không đáng nghi ngờ.

This is more than a statistical story. It is the end of the Age of America. As a bond strategist in Europe told me two weeks ago, “We are witnessing the end of America’s economic hegemony.”

Đây không chỉ vỏn vẹn là một câu chuyện thống kê. Đây là sự chấm dứt Thời đại Mỹ. Như một chuyên viên chiến lược về trái phiếu châu Âu nói với tôi cách đây hai tuần, “Chúng ta đang chứng kiến giai đoạn kết thúc bá quyền kinh tế Mỹ”.

We have lived in a world dominated by the U.S. for so long that there is no longer anyone alive who remembers anything else. America overtook Great Britain as the world’s leading economic power in the 1890s and never looked back.

Chúng ta đã sống trong một thế giới bị Hoa Kỳ khống chế quá lâu đến nỗi không còn ai còn sống đến ngày nay mà có thể nhớ lại một điều gì khác hơn. Hoa Kỳ đã vượt qua Anh Quốc để trở thành cường quốc kinh tế dẫn đầu trong thập niên 1890 và không bao giờ ngoảnh lại để xem có ai sắp bắt kịp mình.

And both those countries live under very similar rules of constitutional government, respect for civil liberties and the rights of property. China has none of those. The Age of China will feel very different

Và cả hai quốc gia này đều sống dưới những luật lệ rất giống nhau của chính phủ hiến định, tôn trọng các quyền công dân và các quyền về sở hữu tài sản. Trung Quốc không có những đặc tính này. Kỷ nguyên Trung Quốc (the Age of China) sẽ mang lại một cảm thức rất khác lạ.

Victor Cha, senior adviser on Asian affairs at Washington’s Center for Strategic and International Studies, told me China’s neighbors in Asia are already waking up to the dangers. “The region is overwhelmingly looking to the U.S. in a way that it hasn’t done in the past,” he said. “They see the U.S. as a counterweight to China. They also see American hegemony over the last half-century as fairly benign. In China they see the rise of an economic power that is not benevolent, that can be predatory. They don’t see it as a benign hegemony.”

Victor Cha, cố vấn trưởng về các vấn đề châu Á thuộc Trung tâm Nghiên cứu Chiến lược và Quốc tế tại Washington, nói với tôi rằng các nước láng giềng của Trung Quốc đã bất đầu thức tỉnh trước nguy cơ. “Gần như toàn vùng này đang hướng về Hoa Kỳ trong một cách thế chưa từng thấy trong quá khứ”, ông ta nói. “Các quốc gia trong vùng coi Hoa Kỳ như là một đối trọng của Trung Quốc. Họ còn coi bá quyền Mỹ trong nửa thế kỷ qua là khá tốt lành. Nơi Trung Quốc họ nhìn thấy sự trỗi dậy của một cường quốc kinh tế thiếu nhân từ và đầy khả năng bóc lột. Họ không coi Trung Quốc là một bá quyền tốt lành.

The rise of China, and the relative decline of America, is the biggest story of our time. You can see its implications everywhere, from shuttered factories in the Midwest to soaring costs of oil and other commodities. Last fall, when I attended a conference in London about agricultural investment, I was struck by the number of people there who told stories about Chinese interests snapping up farmland and foodstuff supplies — from South America to China and elsewhere.

Sự trỗi dậy của Trung Quốc và sự suy yếu tương đối của Hoa Kỳ là vụ việc to lớn nhất của thời đại chúng ta. Người ta có thể chứng kiến những dấu hiệu có ý nghĩa tiềm ẩn đang diễn ra mọi nơi, từ những nhà máy bị đóng cửa ở Miền Trung-Tây Hoa Kỳ đến giá dầu lửa và các thương phẩm khác đang tăng vọt. Mùa Thu vừa qua, khi tham dự một hội nghị tại London về đầu tư nông nghiệp, tôi hết sức kinh ngạc vì rất nhiều người trong phòng họp kể những chuyện về các công ty Trung Quốc đang chụp giựt đất canh tác và các nguồn lương thực – từ Nam Mỹ đến Trung Quốc và nhiều nơi khác.

This is the result of decades during which China has successfully pursued economic policies aimed at national expansion and power, while the U.S. has embraced either free trade or, for want of a better term, economic appeasement.

Đây là hậu quả của nhiều thập kỷ qua đó Trung Quốc đã theo đuổi thành công các chính sách kinh tế nhằm bành trướng ảnh hưởng và quyền lực quốc gia, trong khi Hoa Kỳ cứ khư khư ôm lấy tự do mậu dịch hoặc là nhân nhượng kinh tế một cách vô nguyên tắc (economic appeasement)

– tôi dùng từ ngữ này vì không tìm được một cách diễn đạt chính xác hơn.

“There are two systems in collision,” said Ralph Gomory, research professor at NYU’s Stern business school. “They have a state-guided form of capitalism, and we have a much freer former of capitalism.” What we have seen, he said, is “a massive shift in capability from the U.S. to China. What we have done is traded jobs for profit. The jobs have moved to China. The capability erodes in the U.S. and grows in China. That’s very destructive. That is a big reason why the U.S. is becoming more and more polarized between a small, very rich class and an eroding middle class. The people who get the profits are very different from the people who lost the wages.”

The next chapter of the story is just beginning.

“Hai hệ thống đang ở trong tình trạng xung đột”, Ralph Gomory, giáo sư nghiên cứu trong phân khoa kinh doanh của Đại học New York (NYU) đã nói như thế. “Trung Quốc có một dạng chủ nghĩa tư bản do nhà nước lãnh đạo, và chúng ta [Mỹ] có một dạng chủ nghĩa tư bản tự do hơn nhiều”. Những gì chúng ta đã chứng kiến, ông nói, là “một sự chuyển giao khả năng sản xuất từ Hoa Kỳ sang Trung Quốc. Điều mà chúng ta đã làm là đổi công ăn việc làm của người Mỹ để lấy lợi nhuận. Các công việc đã chuyển sang Trung Quốc. Khả năng kinh doanh bị xói mòn tại Hoa Kỳ và phát triển tại Trung Quốc. Đó là điều rất tai hại. Đó là một lý do giải thích tại sao Hoa Kỳ đang ngày càng trở nên phân hóa giữa một giai cấp thiểu số rất giàu có và giai cấp trung lưu đang bị bào mòn. Hạng người hưởng lợi nhuận là rất cách biệt với hạng người mất đồng lương.”

Chương tiếp theo của câu chuyện chuyển giao quyền lực kinh tế chỉ mới bắt đầu.

U.S. spending spree won’t work

Loạt chi tiêu phóng khoáng của Hoa Kỳ không mang lại hiệu quả

What the rise of China means for defense, and international affairs, has barely been touched on. The U.S. is now spending gigantic sums — from a beleaguered economy — to try to maintain its place in the sun. See: Pentagon spending is budget blind spot .

Ở đây chúng ta chưa bàn đến ý nghĩa của sự trỗi dậy của Trung Quốc trong các vấn đề quốc phòng và quốc tế. Hiện nay Hoa Kỳ đang tiêu những số tiền khổng lồ – từ một nền kinh tế bị đình đốn – để cố duy trì địa vị của mình dưới ánh mặt trời.

It’s a lesson we could learn more cheaply from the sad story of the British, Spanish and other empires. It doesn’t work. You can’t stay on top if your economy doesn’t.

Đó là một bài học lẽ ra chúng ta có thể học một cách khá dễ dàng từ câu chuyện buồn của các đế quốc Anh, Tây Ban Nha và nhiều đế quốc khác. Chi tiêu vung vải sẽ không mang lại hiệu quả. Một nước không thể đứng đầu thế giới nếu kinh tế của nó không đứng đầu thế giới.

Equally to the point, here is what this means economically, and for investors.

Cũng liên quan đến chủ điểm đang bàn, những ví dụ sau đây có ý nghĩa kinh tế, và đối với các nhà đầu tư.

Some years ago I was having lunch with the smartest investor I know, London-based hedge-fund manager Crispin Odey. He made the argument that markets are reasonably efficient, most of the time, at setting prices. Where they are most likely to fail, though, is in correctly anticipating and pricing big, revolutionary, “paradigm” shifts — whether a rise of disruptive technologies or revolutionary changes in geopolitics. We are living through one now.

Vài năm trước đây tôi có dịp ăn trưa với nhà đầu tư thông minh nhất mà tôi quen biết, đó là ông Crispin Odey, quản đốc một quĩ đối-xung (hedge fund) có trụ sở tại London. Ông ta lý luận rằng, cứ lẽ thường, thị trường tương đối có hiệu quả trong việc định giá cả. Tuy nhiên, các thị trường không thể dự kiến và đánh giá chính xác các sự thay đổi “mô hình” (paradigm shifts) – dù đó là sự trỗi dậy của một công nghệ làm xáo trộn thị trường hoặc là những biến chuyển cách mạng trong lãnh vực địa chính trị (geopolitics). Hiện nay, chúng ta đang kinh qua một sự thay đổi mô hình như thế.

The U.S. Treasury market continues to operate on the assumption that it will always remain the global benchmark of money. Business schools still teach students, for example, that the interest rate on the 10-year Treasury bond is the “risk-free rate” on money. And so it has been for more than a century. But that’s all based on the Age of America.

Thị trường (trái phiếu) của Bộ Ngân khố Hoa Kỳ vẫn tiếp tục hoạt động với giả định rằng nó vĩnh viễn là thước đo giá trị tiền tệ toàn cầu. Các trường kinh doanh vẫn còn dạy sinh viên, chẳng hạn, rằng trái phiếu 10 năm do Bộ Ngân khố Hoa Kỳ phát hành là cách giữ tiền “tránh được mọi rủi ro”. Và như thế, tin tưởng chủ quan này đã kéo dài hơn một thế kỷ. Nhưng mọi việc này đều đặt cơ sở trên Thời đại của Mỹ.

No wonder so many have been buying gold. If the U.S. dollar ceases to be the world’s sole reserve currency, what will be? The euro would be fine if it acts like the old deutschemark. If it’s just the Greek drachma in drag ... not so much.

Thật không đáng ngạc nhiên khi rất nhiều người đã và đang mua vàng. Nếu đồng Mỹ kim không còn là trữ kim duy nhất của thế giới, thì việc gì sẽ xảy ra? Đồng euro vẫn còn giá trị nếu sức mua của nó giống như đồng Đức kim cũ (the old deutschemark). Còn nếu nó chỉ là đồng tiền Hy Lạp trá hình… thì giá trị cũng chẳng là bao.

The last time the world’s dominant hegemon lost its ability to run things singlehandedly was early in the past century. That’s when the U.S. and Germany surpassed Great Britain. It didn’t turn out well.

Lần trước nước bá quyền số một mất khả năng hành động một mình là vào đầu thế kỷ trước. Đó là thời điểm khi Hoa Kỳ và Đức vượt qua Anh Quốc. Chuyển biến này không đưa đến hậu quả tốt đẹp [ý nói Thế chiến I – ND].

Updated with IMF reaction

Cập nhật sau phản ứng của IMF

The International Monetary Fund has responded to my article.

In a statement sent to MarketWatch, the IMF confirmed the report, but challenged my interpretation of the data. Comparing the U.S. and Chinese economies using “purchase-power-parity,” it argued, “is not the most appropriate measure… because PPP price levels are influenced by nontraded services, which are more relevant domestically than globally.”

Quĩ Tiền tệ Quốc tế đã trả lời bài viết của tôi.

Trong một tuyên bố gửi cho MarketWatch, IMF xác nhận bản tin của mình [rằng Trung Quốc sẽ vượt qua Hoa Kỳ năm 2016], nhưng lại thách thức lối giải thích dữ liệu của tôi. Họ tranh luận rằng phương pháp so sánh kinh tế Hoa Kỳ và kinh tế Trung Quốc bằng cách dùng “đối chiếu sức mua của đồng tiền nội địa (PPP) không phải là thước đo thích hợp nhất… bởi vì mức giá cả PPP bị ảnh hưởng bởi các dịch vụ phi mậu dịch (nontraded services), vốn dĩ phù hợp với thị trường nội địa hơn là toàn cầu”.

The IMF added that it prefers to compare economies using market exchange rates, and that under this comparison the U.S. “is currently 130% bigger than China, and will still be 70% larger by 2016.”

IMF còn nói thêm rằng họ muốn so sánh các nền kinh tế bằng cách sử dụng hối suất thị trường (market exchange rates) và rằng bằng phương pháp này thì hiện nay kinh tế Hoa Kỳ lớn hơn kinh tế Trung Quốc đến 130%, và sẽ còn lớn hơn 70% vào năm 2016”.

My take?

The IMF is entitled to make its case. But its argument raises more questions than it answers.

First, no one measure is perfect. Everybody knows that.

Quan điểm của tôi?

IMF có quyền bênh vực quan điểm của mình. Nhưng lối lý luận của họ đặt thêm nhiều nghi vấn hơn là đưa ra những câu trả lời.

Một là, không có một biện pháp nào là tuyệt hảo. Mọi người đều biết như vậy.

But that’s also true of the GDP figures themselves. Hurricane Katrina, for example, added to the U.S. GDP, because it stimulated a lot of economic activity — like providing emergency relief, and rebuilding homes. Is there anyone who seriously thinks Katrina was a net positive for the United States? All statistics need caveats.

Nhưng điều này cũng đúng cho bản thân những con số nói về GDP (tổng sản lượng nội địa). Chẳng hạn, trận bão Katrina đã gia tăng GDP của Hoa Kỳ, vì nó kích thích nhiều hoạt động kinh tế – như cung cấp cứu trợ khẩn cấp và xây lại nhà cửa. Nhưng có ai thành thật nghĩ rằng bão Katrina đã mang lại một con số dương (positive) cho kinh tế Hoa Kỳ? Mọi con số thống kê đều đòi hỏi sự dè dặt.

Second, comparing economies using simple exchange rates, as the IMF suggests, raises huge problems.

Currency markets fluctuate. They represent international money flows, not real output.

The U.S. dollar has fallen nearly 10% against the euro so far this year. Does anyone suggest that the real size of the U.S. economy has shrunk by 10% in comparison with Europe over that period? The idea is absurd.

Hai là, việc so sánh các nền kinh tế bằng cách sử dụng hối suất đơn giản, như IMF đề nghị, đặt ra nhiều vấn đề to tướng.

Các thị trường tiền tệ thường chao đảo. Chúng tiêu biểu cho các dòng tiền tệ quốc tế, chứ không phải là đầu ra đích thực (real output) của các nền kinh tế.

Cho đến thời điểm này trong năm, đồng Mỹ kim đã rơi xuống 10% so với đồng euro. Có ai nói rằng kích cỡ thực sự của nền kinh tế Hoa Kỳ đã giảm bớt 10% so với châu Âu trong cùng thời kỳ đó? So sánh như vậy là vô lý.

China actively suppresses the renminbi on the currency markets through massive dollar purchases. As a result the renminbi is deeply undervalued on the foreign-exchange markets. Just comparing the economies on their exchange rates misses that altogether.

Trung Quốc đã cố tình kềm hãm giá trị đồng Nhân dân tệ xuyên qua việc mua những lượng Mỹ kim rất lớn. Do đó, đồng Nhân dân tệ được định giá quá thấp trên các thị trường ngoại hối. Nếu so sánh các nền kinh tế mà chỉ dựa vào hối suất thôi, đó cũng là điều không đúng với thực tế.

Purchasing power parity is not a perfect measure. None exists. But it measures the output of economies in terms of real goods and services, not just paper money. That’s why it’s widely used to compare economies. The IMF publishes PPP data. So does the OECD. Many economists rely on them.

So sánh các nền kinh tế bằng cách đối chiếu sức mua của tiền tệ trong mỗi nước không phải là một biện pháp hoàn hảo. Không có một biện pháp nào hoàn hảo cả. Nhưng PPP đo được đầu ra của các nền kinh tế, dựa vào hàng hóa và dịch vụ có thực. Đó là lý do vì sao phương pháp này được sử dụng một cách rộng rãi để so sánh các nền kinh tế.

Brett Arends is a senior columnist for MarketWatch and a personal-finance columnist for The Wall Street Journal.

Brett Arends là người viết chuyên đề thâm niên cho MarketWatch và viết chuyên đề tài chính cá nhân cho The Wal Street Journal.

Trần Ngọc Cư dịch


https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8fS8le8wPrN8hFWQfpawxtPl7WxYU-O5cdEpQjAD1PC5wOvJjikGNYtBS_w-o3AshOIEptQuBXg3jJpqqAgQoVprIJTW4Q6e-AReoWBZ1dtFHPIlshCAPszO8m1DTaZ7C-3DonapCbLyI/s1600/imf2016.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYJd4qrjbqNJdxaqmR-1KNf8MF-7MbPtBJLcsqIdqPHWil39nPPtzEGqDnw0PM4kq9pp7f5SCkzcgOBzkxYih5PRuv3eO1SecaAR2krLyu2dyW6ICyc1ChGHyvZS62t6twGx7u8aFlpcOA/s1600/emerging2016.png






Friday, June 3, 2011

MY FATHER'S DRAGON - CON RỒNG CỦA CHA TÔI STORY BY RUTH STILES GANNETT ILLUSTRATIONS BY RUTH CHRISMAN GANNETT

MY FATHER'S DRAGON CON RỒNG CỦA CHA TÔI
STORY BY RUTH STILES GANNETT
ILLUSTRATIONS BY RUTH CHRISMAN GANNETT



A Newbery Honor Book, 1949.





Chapter One


MY FATHER MEETS THE CAT

One cold rainy day when my father was a little boy, he met an old alley cat on his street. The cat was very drippy and uncomfortable so my father said, “Wouldn't you like to come home with me?”

This surprised the cat — she had never before met anyone who cared about old alley cats — but she said, “I'd be very much obliged if I could sit by a warm furnace, and perhaps have a saucer of milk.”

“We have a very nice furnace to sit by,” said my father, “and I'm sure my mother has an extra saucer of milk.”

My father and the cat became good friends but my father's mother was very upset about the cat. She hated cats, particularly ugly old alley cats. “Elmer Elevator,” she said to my father, “if you think I'm going to give that cat a saucer of milk, you're very wrong. Once you start feeding stray alley cats you might as well expect to feed every stray in town, and I am not going to do it!”

This made my father very sad, and he apologized to the cat because his mother had been so rude. He told the cat to stay anyway, and that somehow he would bring her a saucer of milk each day. My father fed the cat for three weeks, but one day his mother found the cat's saucer in the cellar and she was extremely angry. She whipped my father and threw the cat out the door, but later on my father sneaked out and found the cat. Together they went for a walk in the park and tried to think of nice things to talk about. My father said, “When I grow up I'm going to have an airplane. Wouldn't it be wonderful to fly just anywhere you might think of!”

“Would you like to fly very, very much?” asked the cat.

“I certainly would. I'd do anything if I could fly.”

“Well,” said the cat, “if you'd really like to fly that much, I think I know of a sort of a way you might get to fly while you're still a little boy.”

“You mean you know where I could get an airplane?”

“Well, not exactly an airplane, but something even better. As you can see, I'm an old cat now, but in my younger days I was quite a traveler. My traveling days are over but last spring I took just one more trip and sailed to the Island of Tangerina, stopping at the port of Cranberry. Well, it just so happened that I missed the boat, and while waiting for the next I thought I'd look around a bit. I was particularly interested in a place called Wild Island, which we had passed on our way to Tangerina. Wild Island and Tangerina are joined together by a long string of rocks, but people never go to Wild Island because it's mostly jungle and inhabited by very wild animals. So I decided to go across the rocks and explore it for myself. It certainly is an interesting place, but I saw something there that made me want to weep.”

Chapter Two



MY FATHER RUNS AWAY

“Wild Island is practically cut in two by a very wide and muddy river,” continued the cat. “This river begins near one end of the island and flows into the ocean at the other. Now the animals there are very lazy, and they used to hate having to go all the way around the beginning of this river to get to the other side of the island. It made visiting inconvenient and mail deliveries slow, particularly during the Christmas rush. Crocodiles could have carried passengers and mail across the river, but crocodiles are very moody, and not the least bit dependable, and are always looking for something to eat. They don't care if the animals have to walk around the river, so that's just what the animals did for many years.”

“But what does all this have to do with airplanes?” asked my father, who thought the cat was taking an awfully long time to explain.

“Be patient, Elmer,” said the cat, and she went on with the story. “One day about four months before I arrived on Wild Island a baby dragon fell from a low-flying cloud onto the bank of the river. He was too young to fly very well, and besides, he had bruised one wing quite badly, so he couldn't get back to his cloud. The animals found him soon afterwards and everybody said, 'Why, this is just exactly what we've needed all these years!' They tied a big rope around his neck and waited for the wing to get well. This was going to end all their crossing-the-river troubles.”

“I've never seen a dragon,” said my father. “Did you see him? How big is he?”

“Oh, yes, indeed I saw the dragon. In fact, we became great friends,” said the cat. “I used to hide in the bushes and talk to him when nobody was around. He's not a very big dragon, about the size of a large black bear, although I imagine he's grown quite a bit since I left. He's got a long tail and yellow and blue stripes. His horn and eyes and the bottoms of his feet are bright red, and he has gold-colored wings.”

“Oh, how wonderful!” said my father. “What did the animals do with him when his wing got well?”

“They started training him to carry passengers, and even though he is just a baby dragon, they work him all day and all night too sometimes. They make him carry loads that are much too heavy, and if he complains, they twist his wings and beat him. He's always tied to a stake on a rope just long enough to go across the river. His only friends are the crocodiles, who say 'Hello' to him once a week if they don't forget. Really, he's the most miserable animal I've ever come across. When I left I promised I'd try to help him someday, although I couldn't see how. The rope around his neck is about the biggest, toughest rope you can imagine, with so many knots it would take days to untie them all.

“Anyway, when you were talking about airplanes, you gave me a good idea. Now, I'm quite sure that if you were able to rescue the dragon, which wouldn't be the least bit easy, he'd let you ride him most anywhere, provided you were nice to him, of course. How about trying it?”

“Oh, I'd love to,” said my father, and he was so angry at his mother for being rude to the cat that he didn't feel the least bit sad about running away from home for a while.

That very afternoon my father and the cat went down to the docks to see about ships going to the Island of Tangerina. They found out that a ship would be sailing the next week, so right away they started planning for the rescue of the dragon. The cat was a great help in suggesting things for my father to take with him, and she told him everything she knew about Wild Island. Of course, she was too old to go along.

Everything had to be kept very secret, so when they found or bought anything to take on the trip they hid it behind a rock in the park. The night before my father sailed he borrowed his father's knapsack and he and the cat packed everything very carefully. He took chewing gum, two dozen pink lollipops, a package of rubber bands, black rubber boots, a compass, a tooth brush and a tube of tooth paste, six magnifying glasses, a very sharp jackknife, a comb and a hairbrush, seven hair ribbons of different colors, an empty grain bag with a label saying “Cranberry,” some clean clothes, and enough food to last my father while he was on the ship. He couldn't live on mice, so he took twenty-five peanut butter and jelly sandwiches and six apples, because that's all the apples he could find in the pantry.

When everything was packed my father and the cat went down to the docks to the ship. A night watchman was on duty, so while the cat made loud queer noises to distract his attention, my father ran over the gangplank onto the ship. He went down into the hold and hid among some bags of wheat. The ship sailed early the next morning.

Chapter Three



MY FATHER FINDS THE ISLAND

My father hid in the hold for six days and nights. Twice he was nearly caught when the ship stopped to take on more cargo. But at last he heard a sailor say that the next port would be Cranberry and that they'd be unloading the wheat there. My father knew that the sailors would send him home if they caught him, so he looked in his knapsack and took out a rubber band and the empty grain bag with the label saying “Cranberry.” At the last moment my father got inside the bag, knapsack and all, folded the top of the bag inside, and put the rubber band around the top. He didn't look just exactly like the other bags but it was the best he could do.

Soon the sailors came to unload. They lowered a big net into the hold and began moving the bags of wheat. Suddenly one sailor yelled, “Great Scott! This is the queerest bag of wheat I've ever seen! It's all lumpy-like, but the label says it's to go to Cranberry.”

The other sailors looked at the bag too, and my father, who was in the bag, of course, tried even harder to look like a bag of wheat. Then another sailor felt the bag and he just happened to get hold of my father's elbow. “I know what this is,” he said. “This is a bag of dried corn on the cob,” and he dumped my father into the big net along with the bags of wheat.

This all happened in the late afternoon, so late that the merchant in Cranberry who had ordered the wheat didn't count his bags until the next morning. (He was a very punctual man, and never late for dinner.) The sailors told the captain, and the captain wrote down on a piece of paper, that they had delivered one hundred and sixty bags of wheat and one bag of dried corn on the cob. They left the piece of paper for the merchant and sailed away that evening.

My father heard later that the merchant spent the whole next day counting and recounting the bags and feeling each one trying to find the bag of dried corn on the cob. He never found it because as soon as it was dark my father climbed out of the bag, folded it up and put it back in his knapsack. He walked along the shore to a nice sandy place and lay down to sleep.

My father was very hungry when he woke up the next morning. Just as he was looking to see if he had anything left to eat, something hit him on the head. It was a tangerine. He had been sleeping right under a tree full of big, fat tangerines. And then he remembered that this was the Island of Tangerina. Tangerine trees grew wild everywhere. My father picked as many as he had room for, which was thirty-one, and started off to find Wild Island.

He walked and walked and walked along the shore, looking for the rocks that joined the two islands. He walked all day, and once when he met a fisherman and asked him about Wild Island, the fisherman began to shake and couldn't talk for a long while. It scared him that much, just thinking about it. Finally he said, “Many people have tried to explore Wild Island, but not one has come back alive. We think they were eaten by the wild animals.” This didn't bother my father. He kept walking and slept on the beach again that night.

It was beautifully clear the next day, and way down the shore my father could see a long line of rocks leading out into the ocean, and way, way out at the end he could just see a tiny patch of green. He quickly ate seven tangerines and started down the beach.

It was almost dark when he came to the rocks, but there, way out in the ocean, was the patch of green. He sat down and rested a while, remembering that the cat had said, “If you can, go out to the island at night, because then the wild animals won't see you coming along the rocks and you can hide when you get there.” So my father picked seven more tangerines, put on his black rubber boots, and waited for dark.

It was a very black night and my father could hardly see the rocks ahead of him. Sometimes they were quite high and sometimes the waves almost covered them, and they were slippery and hard to walk on. Sometimes the rocks were far apart and my father had to get a running start and leap from one to the next.

After a while he began to hear a rumbling noise. It grew louder and louder as he got nearer to the island. At last it seemed as if he was right on top of the noise, and he was. He had jumped from a rock onto the back of a small whale who was fast asleep and cuddled up between two rocks. The whale was snoring and making more noise than a steam shovel, so it never heard my father say, “Oh, I didn't know that was you!” And it never knew my father had jumped on its back by mistake.

For seven hours my father climbed and slipped and leapt from rock to rock, but while it was still dark he finally reached the very last rock and stepped off onto Wild Island.

Chapter Four



MY FATHER FINDS THE RIVER

The jungle began just beyond a narrow strip of beach; thick, dark, damp, scary jungle. My father hardly knew where to go, so he crawled under a wahoo bush to think, and ate eight tangerines. The first thing to do, he decided, was to find the river, because the dragon was tied somewhere along its bank. Then he thought, “If the river flows into the ocean, I ought to be able to find it quite easily if I just walk along the beach far enough.” So my father walked until the sun rose and he was quite far from the Ocean Rocks. It was dangerous to stay near them because they might be guarded in the daytime. He found a clump of tall grass and sat down. Then he took off his rubber boots and ate three more tangerines. He could have eaten twelve but he hadn't seen any tangerines on this island and he could not risk running out of something to eat.

My father slept all that day and only woke up late in the afternoon when he heard a funny little voice saying, “Queer, queer, what a dear little dock! I mean, dear, dear, what a queer little rock!” My father saw a tiny paw rubbing itself on his knapsack. He lay very still and the mouse, for it was a mouse, hurried away muttering to itself, “I must smell tumduddy. I mean, I must tell somebody.”

My father waited a few minutes and then started down the beach because it was almost dark now, and he was afraid the mouse really would tell somebody. He walked all night and two scary things happened. First, he just had to sneeze, so he did, and somebody close by said, “Is that you, Monkey?” My father said, “Yes.” Then the voice said, “You must have something on your back, Monkey,” and my father said “Yes,” because he did. He had his knapsack on his back. “What do you have on your back, Monkey?” asked the voice.

My father didn't know what to say because what would a monkey have on its back, and how would it sound telling someone about it if it did have something? Just then another voice said, “I bet you're taking your sick grandmother to the doctor's.” My father said “Yes” and hurried on. Quite by accident he found out later that he had been talking to a pair of tortoises.

The second thing that happened was that he nearly walked right between two wild boars who were talking in low solemn whispers. When he first saw the dark shapes he thought they were boulders. Just in time he heard one of them say, “There are three signs of a recent invasion. First, fresh tangerine peels were found under the wahoo bush near the Ocean Rocks. Second, a mouse reported an extraordinary rock some distance from the Ocean Rocks which upon further investigation simply wasn't there. However, more fresh tangerine peels were found in the same spot, which is the third sign of invasion. Since tangerines do not grow on our island, somebody must have brought them across the Ocean Rocks from the other island, which may, or may not, have something to do with the appearance and/or disappearance of the extraordinary rock reported by the mouse.”

After a long silence the other boar said, “You know, I think we're taking all this too seriously. Those peels probably floated over here all by themselves, and you know how unreliable mice are. Besides, if there had been an invasion, I would have seen it!”

“Perhaps you're right,” said the first boar. “Shall we retire?” Whereupon they both trundled back into the jungle.

Well, that taught my father a lesson, and after that he saved all his tangerine peels. He walked all night and toward morning came to the river. Then his troubles really began.

Chapter Five



MY FATHER MEETS SOME TIGERS

The river was very wide and muddy, and the jungle was very gloomy and dense. The trees grew close to each other, and what room there was between them was taken up by great high ferns with sticky leaves. My father hated to leave the beach, but he decided to start along the river bank where at least the jungle wasn't quite so thick. He ate three tangerines, making sure to keep all the peels this time, and put on his rubber boots.

My father tried to follow the river bank but it was very swampy, and as he went farther the swamp became deeper. When it was almost as deep as his boot tops he got stuck in the oozy, mucky mud. My father tugged and tugged, and nearly pulled his boots right off, but at last he managed to wade to a drier place. Here the jungle was so thick that he could hardly see where the river was. He unpacked his compass and figured out the direction he should walk in order to stay near the river. But he didn't know that the river made a very sharp curve away from him just a little way beyond, and so as he walked straight ahead he was getting farther and farther away from the river.

It was very hard to walk in the jungle. The sticky leaves of the ferns caught at my father's hair, and he kept tripping over roots and rotten logs. Sometimes the trees were clumped so closely together that he couldn't squeeze between them and had to walk a long way around.

He began to hear whispery noises, but he couldn't see any animals anywhere. The deeper into the jungle he went the surer he was that something was following him, and then he thought he heard whispery noises on both sides of him as well as behind. He tried to run, but he tripped over more roots, and the noises only came nearer. Once or twice he thought he heard something laughing at him.

At last he came out into a clearing and ran right into the middle of it so that he could see anything that might try to attack him. Was he surprised when he looked and saw fourteen green eyes coming out of the jungle all around the clearing, and when the green eyes turned into seven tigers! The tigers walked around him in a big circle, looking hungrier all the time, and then they sat down and began to talk.

“I suppose you thought we didn't know you were trespassing in our jungle!”

Then the next tiger spoke. “I suppose you're going to say you didn't know it was our jungle!”

“Did you know that not one explorer has ever left this island alive?” said the third tiger.

My father thought of the cat and knew this wasn't true. But of course he had too much sense to say so. One doesn't contradict a hungry tiger.

The tigers went on talking in turn. “You're our first little boy, you know. I'm curious to know if you're especially tender.”

“Maybe you think we have regular meal-times, but we don't. We just eat whenever we're feeling hungry,” said the fifth tiger.

“And we're very hungry right now. In fact, I can hardly wait,” said the sixth.

“I can't wait!” said the seventh tiger.

And then all the tigers said together in a loud roar, “Let's begin right now!” and they moved in closer.

My father looked at those seven hungry tigers, and then he had an idea. He quickly opened his knapsack and took out the chewing gum. The cat had told him that tigers were especially fond of chewing gum, which was very scarce on the island. So he threw them each a piece but they only growled, “As fond as we are of chewing gum, we're sure we'd like you even better!” and they moved so close that he could feel them breathing on his face.

“But this is very special chewing gum,” said my father. “If you keep on chewing it long enough it will turn green, and then if you plant it, it will grow more chewing gum, and the sooner you start chewing the sooner you'll have more.”

The tigers said, “Why, you don't say! Isn't that fine!” And as each one wanted to be the first to plant the chewing gum, they all unwrapped their pieces and began chewing as hard as they could. Every once in a while one tiger would look into another's mouth and say, “Nope, it's not done yet,” until finally they were all so busy looking into each other's mouths to make sure that no one was getting ahead that they forgot all about my father.

Chapter Six



MY FATHER MEETS A RHINOCEROS

My father soon found a trail leading away from the clearing. All sorts of animals might be using it too, but he decided to follow the trail no matter what he met because it might lead to the dragon. He kept a sharp look-out in front and behind and went on.

Just as he was feeling quite safe, he came around a curve right behind the two wild boars. One of them was saying to the other, “Did you know that the tortoises thought they saw Monkey carrying his sick grandmother to the doctor's last night? But Monkey's grandmother died a week ago, so they must have seen something else. I wonder what it was.”

“I told you that there was an invasion afoot,” said the other boar, “and I intend to find out what it is. I simply can't stand invasions.”

“Nee meither,” said a tiny little voice. “I mean, me neither,” and my father knew that the mouse was there, too.

“Well,” said the first boar, “you search the trail up this way to the dragon. I'll go back down the other way through the big clearing, and we'll send Mouse to watch the Ocean Rocks in case the invasion should decide to go away before we find it.”

My father hid behind a mahogany tree just in time, and the first boar walked right past him. My father waited for the other boar to get a head start on him, but he didn't wait very long because he knew that when the first boar saw the tigers chewing gum in the clearing, he'd be even more suspicious.

Soon the trail crossed a little brook and my father, who by this time was very thirsty, stopped to get a drink of water. He still had on his rubber boots, so he waded into a little pool of water and was stooping down when something quite sharp picked him up by the seat of the pants and shook him very hard.

“Don't you know that's my private weeping pool?” said a deep angry voice.

My father couldn't see who was talking because he was hanging in the air right over the pool, but he said, “Oh, no, I'm so sorry. I didn't know that everybody had a private weeping pool.”

“Everybody doesn't!” said the angry voice, “but I do because I have such a big thing to weep about, and I drown everybody I find using my weeping pool.” With that the animal tossed my father up and down over the water.

“What — is it — that — you — weep about — so much?” asked my father, trying to get his breath, and he thought over all the things he had in his pack.

“Oh, I have many things to weep about, but the biggest thing is the color of my tusk.” My father squirmed every which way trying to see the tusk, but it was through the seat of his pants where he couldn't possibly see it. “When I was a young rhinoceros, my tusk was pearly white,” said the animal (and then my father knew that he was hanging by the seat of his pants from a rhinoceros' tusk!), “but it has turned a nasty yellow-gray in my old age, and I find it very ugly. You see, everything else about me is ugly, but when I had a beautiful tusk I didn't worry so much about the rest. Now that my tusk is ugly too, I can't sleep nights just thinking about how completely ugly I am, and I weep all the time. But why should I be telling you these things? I caught you using my pool and now I'm going to drown you.”

“Oh, wait a minute, Rhinoceros,” said my father. “I have some things that will make your tusk all white and beautiful again. Just let me down and I'll give them to you.”

The rhinoceros said, “You do? I can hardly believe it! Why, I'm so excited!” He put my father down and danced around in a circle while my father got out the tube of tooth paste and the toothbrush.

“Now,” said my father, “just move your tusk a little nearer, please, and I'll show you how to begin.” My father wet the brush in the pool, squeezed on a dab of tooth paste, and scrubbed very hard in one tiny spot. Then he told the rhinoceros to wash it off, and when the pool was calm again, he told the rhinoceros to look in the water and see how white the little spot was. It was hard to see in the dim light of the jungle, but sure enough, the spot shone pearly white, just like new. The rhinoceros was so pleased that he grabbed the toothbrush and began scrubbing violently, forgetting all about my father.

Just then my father heard hoofsteps and he jumped behind the rhinoceros. It was the boar coming back from the big clearing where the tigers were chewing gum. The boar looked at the rhinoceros, and at the toothbrush, and at the tube of tooth paste, and then he scratched his ear on a tree. “Tell me, Rhinoceros,” he said, “where did you get that fine tube of tooth paste and that toothbrush?”

“Too busy!” said the rhinoceros, and he went on brushing as hard as he could.

The boar sniffed angrily and trotted down the trail toward the dragon, muttering to himself, “Very suspicious — tigers too busy chewing gum, Rhinoceros too busy brushing his tusk — must get hold of that invasion. Don't like it one bit, not one bit! It's upsetting everybody terribly — wonder what it's doing here, anyway.”

Chapter Seven



MY FATHER MEETS A LION

My father waved goodbye to the rhinoceros, who was much too busy to notice, got a drink farther down the brook, and waded back to the trail. He hadn't gone very far when he heard an angry animal roaring, “Ding blast it! I told you not to go blackberrying yesterday. Won't you ever learn? What will your mother say!”

My father crept along and peered into a small clearing just ahead. A lion was prancing about clawing at his mane, which was all snarled and full of blackberry twigs. The more he clawed the worse it became and the madder he grew and the more he yelled at himself, because it was himself he was yelling at all the time.

My father could see that the trail went through the clearing, so he decided to crawl around the edge in the underbrush and not disturb the lion.

He crawled and crawled, and the yelling grew louder and louder. Just as he was about to reach the trail on the other side the yelling suddenly stopped. My father looked around and saw the lion glaring at him. The lion charged and skidded to a stop a few inches away.

“Who are you?” the lion yelled at my father.

“My name is Elmer Elevator.”

“Where do you think you are going?”

“I'm going home,” said my father.

“That's what you think!” said the lion. “Ordinarily I'd save you for afternoon tea, but I happen to be upset enough and hungry enough to eat you right now.” And he picked up my father in his front paws to feel how fat he was.

My father said, “Oh, please, Lion, before you eat me, tell me why you are so particularly upset today.”

“It's my mane,” said the lion, as he was figuring how many bites a little boy would make. “You see what a dreadful mess it is, and I don't seem to be able to do anything about it. My mother is coming over on the dragon this afternoon, and if she sees me this way I'm afraid she'll stop my allowance. She can't stand messy manes! But I'm going to eat you now, so it won't make any difference to you.”

“Oh, wait a minute,” said my father, “and I'll give you just the things you need to make your mane all tidy and beautiful. I have them here in my pack.”

“You do?” said the lion. “Well, give them to me, and perhaps I'll save you for afternoon tea after all,” and he put my father down on the ground.

My father opened the pack and took out the comb and the brush and the seven hair ribbons of different colors. “Look,” he said, “I'll show you what to do on your forelock, where you can watch me. First you brush a while, and then you comb, and then you brush again until all the twigs and snarls are gone. Then you divide it up in three and braid it like this and tie a ribbon around the end.”

As my father was doing this, the lion watched very carefully and began to look much happier. When my father tied on the ribbon he was all smiles. “Oh, that's wonderful, really wonderful!” said the lion. “Let me have the comb and brush and see if I can do it.” So my father gave him the comb and brush and the lion began busily grooming his mane. As a matter of fact, he was so busy that he didn't even know when my father left.

Chapter Eight



MY FATHER MEETS A GORILLA

My father was very hungry so he sat down under a baby banyan tree on the side of the trail and ate four tangerines. He wanted to eat eight or ten, but he had only thirteen left and it might be a long time before he could get more. He packed away all the peels and was about to get up when he heard the familiar voices of the boars.

“I wouldn't have believed it if I hadn't seen them with my own eyes, but wait and see for yourself. All the tigers are sitting around chewing gum to beat the band. Old Rhinoceros is so busy brushing his tusk that he doesn't even look around to see who's going by, and they're all so busy they won't even talk to me!”

“Horsefeathers!” said the other boar, now very close to my father. “They'll talk to me! I'm going to get to the bottom of this if it's the last thing I do!”

The voices passed my father and went around a curve, and he hurried on because he knew how much more upset the boars would be when they saw the lion's mane tied up in hair ribbons.

Before long my father came to a crossroads and he stopped to read the signs. Straight ahead an arrow pointed to the Beginning of the River; to the left, the Ocean Rocks; and to the right, to the Dragon Ferry. My father was reading all these signs when he heard pawsteps and ducked behind the signpost. A beautiful lioness paraded past and turned down toward the clearings. Although she could have seen my father if she had bothered to glance at the post, she was much too occupied looking dignified to see anything but the tip of her own nose. It was the lion's mother, of course, and that, thought my father, must mean that the dragon was on this side of the river. He hurried on but it was farther away than he had judged. He finally came to the river bank in the late afternoon and looked all around, but there was no dragon anywhere in sight. He must have gone back to the other side.

My father sat down under the palm tree and was trying to have a good idea when something big and black and hairy jumped out of the tree and landed with a loud crash at his feet.

“Well?” said a huge voice.

“Well what?” said my father, for which he was very sorry when he looked up and discovered he was talking to an enormous and very fierce gorilla.

“Well, explain yourself,” said the gorilla. “I'll give you till ten to tell me your name, business, your age, and what's in that pack,” and he began counting to ten as fast as he could.

My father didn't even have time to say “Elmer Elevator, explorer” before the gorilla interrupted, “Too slow! I'll twist your arms the way I twist that dragon's wings, and then we'll see if you can't hurry up a bit.” He grabbed my father's arms, one in each fist, and was just about to twist them when he suddenly let go and began scratching his chest with both hands.

“Blast those fleas!” he raged. “They won't give you a moment's peace, and the worst of it is that you can't even get a good look at them. Rosie! Rhoda! Rachel! Ruthie! Ruby! Roberta! Come here and get rid of this flea on my chest. It's driving me crazy!”

Six little monkeys tumbled out of the palm tree, dashed to the gorilla, and began combing the hair on his chest.

“Well,” said the gorilla, “it's still there!”

“We're looking, we're looking,” said the six little monkeys, “but they're awfully hard to see, you know.”

“I know,” said the gorilla, “but hurry. I've got work to do,” and he winked at my father.

“Oh, Gorilla,” said my father, “in my knapsack I have six magnifying glasses. They'd be just the thing for hunting fleas.” My father unpacked them and gave one to Rosie, one to Rhoda, one to Rachel, one to Ruthie, one to Ruby, and one to Roberta.

“Why, they're miraculous!” said the six little monkeys. “It's easy to see the fleas now, only there are hundreds of them!” And they went on hunting frantically.

A moment later many more monkeys appeared out of a near-by clump of mangroves and began crowding around to get a look at the fleas through the magnifying glasses. They completely surrounded the gorilla, and he could not see my father nor did he remember to twist his arms.

Chapter Nine



MY FATHER MAKES A BRIDGE

My father walked back and forth along the bank trying to think of some way to cross the river. He found a high flagpole with a rope going over to the other side. The rope went through a loop at the top of the pole and then down the pole and around a large crank. A sign on the crank said:

TO SUMMON DRAGON, YANK THE CRANK
REPORT DISORDERLY CONDUCT
TO GORILLA

From what the cat had told my father, he knew that the other end of the rope was tied around the dragon's neck, and he felt sorrier than ever for the poor dragon. If he were on this side, the gorilla would twist his wings until it hurt so much that he'd have to fly to the other side. If he were on the other side, the gorilla would crank the rope until the dragon would either choke to death or fly back to this side. What a life for a baby dragon!

My father knew that if he called to the dragon to come across the river, the gorilla would surely hear him, so he thought about climbing the pole and going across the rope. The pole was very high, and even if he could get to the top without being seen he'd have to go all the way across hand over hand. The river was very muddy, and all sorts of unfriendly things might live in it, but my father could think of no other way to get across. He was about to start up the pole when, despite all the noise the monkeys were making, he heard a loud splash behind him. He looked all around in the water but it was dusk now, and he couldn't see anything there.

“It's me, Crocodile,” said a voice to the left. “The water's lovely, and I have such a craving for something sweet. Won't you come in for a swim?”

A pale moon came out from behind the clouds and my father could see where the voice was coming from. The crocodile's head was just peeping out of the water.

“Oh, no thank you,” said my father. “I never swim after sundown, but I do have something sweet to offer you. Perhaps you'd like a lollipop, and perhaps you have friends who would like lollipops, too?”

“Lollipops!” said the crocodile. “Why, that is a treat! How about it, boys?”

A whole chorus of voices shouted, “Hurrah! Lollipops!” and my father counted as many as seventeen crocodiles with their heads just peeping out of the water.

“That's fine,” said my father as he got out the two dozen pink lollipops and the rubber bands. “I'll stick one here in the bank. Lollipops last longer if you keep them out of the water, you know. Now, one of you can have this one.”

The crocodile who had first spoken swam up and tasted it. “Delicious, mighty delicious!” he said.

“Now if you don't mind,” said my father, “I'll just walk along your back and fasten another lollipop to the tip of your tail with a rubber band. You don't mind, do you?”

“Oh no, not in the least,” said the crocodile.

“Can you get your tail out of the water just a bit?” asked my father.

“Yes, of course,” said the crocodile, and he lifted up his tail. Then my father ran along his back and fastened another lollipop with a rubber band.

“Who's next?” said my father, and a second crocodile swam up and began sucking on that lollipop.

“Now, you gentlemen can save a lot of time if you just line up across the river,” said my father, “and I'll be along to give you each a lollipop.”

So the crocodiles lined up right across the river with their tails in the air, waiting for my father to fasten on the rest of the lollipops. The tail of the seventeenth crocodile just reached the other bank.

Chapter Ten



MY FATHER FINDS THE DRAGON

When my father was crossing the back of the fifteenth crocodile with two more lollipops to go, the noise of the monkeys suddenly stopped, and he could hear a much bigger noise getting louder every second. Then he could hear seven furious tigers and one raging rhinoceros and two seething lions and one ranting gorilla along with countless screeching monkeys, led by two extremely irate wild boars, all yelling, “It's a trick! It's a trick! There's an invasion and it must be after our dragon. Kill it! Kill it!” The whole crowd stampeded down to the bank.

As my father was fixing the seventeenth lollipop for the last crocodile he heard a wild boar scream, “Look, it came this way! It's over there now, see! The crocodiles made a bridge for it,” and just as my father leapt onto the other bank one of the wild boars jumped onto the back of the first crocodile. My father didn't have a moment to spare.

By now the dragon realized that my father was coming to rescue him. He ran out of the bushes and jumped up and down yelling, “Here I am! I'm right here! Can you see me? Hurry, the boar is coming over on the crocodiles, too. They're all coming over! Oh, please hurry, hurry!” The noise was simply terrific.

My father ran up to the dragon, and took out his very sharp jackknife. “Steady, old boy, steady. We'll make it. Just stand still,” he told the dragon as he began to saw through the big rope.

By this time both boars, all seven tigers, the two lions, the rhinoceros, and the gorilla, along with the countless screeching monkeys, were all on their way across the crocodiles and there was still a lot of rope to cut through.

“Oh, hurry,” the dragon kept saying, and my father again told him to stand still.

“If I don't think I can make it,” said my father, “we'll fly over to the other side of the river and I can finish cutting the rope there.”

Suddenly the screaming grew louder and madder and my father thought the animals must have crossed the river. He looked around, and saw something which surprised and delighted him. Partly because he had finished his lollipop, and partly because, as I told you before, crocodiles are very moody and not the least bit dependable and are always looking for something to eat, the first crocodile had turned away from the bank and started swimming down the river. The second crocodile hadn't finished yet, so he followed right after the first, still sucking his lollipop. All the rest did the same thing, one right after the other, until they were all swimming away in a line. The two wild boars, the seven tigers, the rhinoceros, the two lions, the gorilla, along with the countless screeching monkeys, were all riding down the middle of the river on the train of crocodiles sucking pink lollipops, and all yelling and screaming and getting their feet wet.

My father and the dragon laughed themselves weak because it was such a silly sight. As soon as they had recovered, my father finished cutting the rope and the dragon raced around in circles and tried to turn a somersault. He was the most excited baby dragon that ever lived. My father was in a hurry to fly away, and when the dragon finally calmed down a bit my father climbed up onto his back.

“All aboard!” said the dragon. “Where shall we go?”

“We'll spend the night on the beach, and tomorrow we'll start on the long journey home. So, it's off to the shores of Tangerina!” shouted my father as the dragon soared above the dark jungle and the muddy river and all the animals bellowing at them and all the crocodiles licking pink lollipops and grinning wide grins. After all, what did the crocodiles care about a way to cross the river, and what a fine feast they were carrying on their backs!

As my father and the dragon passed over the Ocean Rocks they heard a tiny excited voice scream, “Bum cack! Bum cack! We dreed our nagon! I mean, we need our dragon!”

But my father and the dragon knew that nothing in the world would ever make them go back to Wild Island.

THE END



CARTOON