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Low-Lying Areas of New York City Suffer Flooding Sounds of sump pumps fill the air in low-lying areas of New York City. Don, a water systems professional in Brooklyn, has been on the job, pumping out basements since before dawn. He says the worst flo
The Australian dollar has hit parity with the US dollar for the first time since the Australian currency was floated. The new post-float high comes after a rally over recent months that's been fueled by growing expectations the Federal Reserve will p
To finance news now, and the US Federal Reserve Chairman Ben Bernanke says the country's economic recovery is close to faltering. Appearing before a congressional committee, Mr Bernanke said he could understand frustration with the slow recovery. Ver
Now lets move to finance. The chairman of the U.S. Federal Reserve says Americas economic recovery is being held back by Europes debt crisis. And Ben Bernanke has told a congressional hearing that the U.S. economy has slowed significantly in recent m
By Daniel Schearf Singapore 19 September 2006 The first day of the annual meetings of the World Bank and International Monetary Fund have ended in Singapore. Leaders of the two organizations expressed concern that high oil prices, global trade imbal
Stock prices plummeted in New York on Monday. And a recession was declared as of a year ago. VOA's Barry Wood has more. Traders work on the floor of the New York Stock Exchange, 01 Dec. 2008 On Wall Street, it was the fourth biggest daily point decl
By Kate Woodsome Phnom Penh 09 January 2006 The World Bank has warned Cambodia that recent arrests of government critics could have a chilling affect on potential foreign investment. But pressure from
This is the VOA Special English Economics Report. Signs that the recession is easing in the United States have led to a lot of talk about green shoots. That means early signs of economic recovery, like the way plants begin to shoot up from the groun
As Congress debates President Bush's proposed bail out of the bad loans of financial institutions, central bank chief Ben Bernanke told lawmakers Wednesday that the U.S. economy risked very serious consequences if measures were not taken. VOA's Barr
U.S. President Barack Obama has announced he plans to appoint the chairman of the nation's central bank, the Federal Reserve, to a second term. The president says Fed chief Ben Bernanke has helped to prevent a deeper recession or a depression. Presi
Scripts: Bernanke did argue that the fed had taken a fairly decisive step against those downside risks in Sep. by reducing interest rates half a percent, so I wouldn't necessarily say, uh, as a result of his comments last night that it, it makes a r
US Fed to Scale Back Bond Purchases Starting January 2014 美联储1月起减购政府债券 The U.S. Federal Reserve will start scaling back its monthly bond-buying program as early as next month. But the reduction will be gradual. The Federal Reser
Considering a New Head for the US Fed 美联储主席的几位人选 WASHINGTON The economist who guided the world's largest economy through the worst financial crisis in decades is expected to step down early next year. The financial press is filled
US Fed Policies Send Stocks to Record Highs 美联储的政策导致股市创下新高 U.S. stock prices reached new highs Wednesday after the U.S. Federal Reserve said it would stay the course on efforts to stimulate the economy. And that rally coul
By Scott Bobb Johannesburg 11 June 2007 President Bush's nominee to be the next head of the World Bank is on a three-continent trip aimed at familiarizing himself with some of the Bank's financiers and customers. Robert Zoellick is in Europe after vi
By Kurt Achin Seoul 14 June 2007 A Chinese official in Macau confirms North Korean funds have been transferred out of a bank there, en route to Pyongyang. The transfer removes a major obstacle in getting Pyongyang to fulfill its promise to begin dism
The World Bank's chief economist, Justin Yifu Lin, on Monday repeated his call for coordinated global stimulus to get the global economy out of deep recession. World Bank's chief economist, Justin Yifu Lin, 28 Jan 2009 Lin told an audience at Washin
The head of the U.S. central bank, Ben Bernanke, told a congressional committee the U.S. economy could face a mild recession, but it should recover later this year. 美国联邦储备委员会主席伯南克星期三在国会作证说,美国经济可
As Congress debates President Bush's proposed bail out of the bad loans of financial institutions, central bank chief Ben Bernanke told lawmakers Wednesday that the U.S. economy risked very serious consequences if measures were not taken. 美国国会正
今天我们要学的词是drastic。 Drastic, 大幅度的,剧烈的。 The school district is considering drastic steps to improve student achievement, 这个校区正在考虑采取重大步骤,设法提高学生成绩。 Federal Reserve Chair