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And now we turn to the drama unfolding here in Washington. Tomorrow marks the first public meeting of what's called the Financial Crisis Inquiry Commission, a panel set up by Congress, a lot like the 9/11 Commission was, to get to the bottom of last
The United Nations says it held secret talks with the Taliban to discuss a truce. The revelation was made as Foreign Ministers gathered in London to map out a plan to hand security back over to Afghan forces. They've also unveiled a 550-million-dolla
美游说集团力推一美元硬币流通 With America's national debt continuing to climb, Congress is constantly debating ways to save money. The Dollar Coin Alliance, a lobbying group, says billions could be saved if dollar coins were used instea
World markets were mixed Thursday due to investor concerns over the U.S. stimulus plan and more gloomy corporate news. In Britain, the Royal Bank of Scotland, or RBS, has posted the largest annual loss in U.K. corporate history with a $34 billion sho
Leading our news this morning. The major banks are on a collision course with the Federal Government over plans for far-reaching financial reforms. The Murray report also shake up the superannuation and credit charge sucharges. It recommends banks ho
Despite the excitement the inauguration of Barack Obama generated around the world, overseas markets continued their downward slide. 尽管美国总统奥巴马的宣誓就职在全球各地都引起了激动和兴奋,但是海外股市还是继续下
Executives of major U.S. banks faced tough questions Wednesday from U.S. lawmakers frustrated by the slow pace of lending by institutions that received federal bail out money. Lawmakers also vented their anger over high salaries and bonuses in the fi
U.S. President Barack Obama is urging the Senate to follow the House of Representatives in passing his $800 billion plan to stimulate the economy. The president is calling the proposal good news, after the bad economic news of the past week. 美国总统
President Obama Says We Must Move Forward on Wall Street Reform 奥巴马总统称我们必须将金融改革推向前进 WASHINGTON In his weekly address, President Barack Obama said that in the wake of the economic crisis Wall Street reform is too
German Housewife Hailed as Euro Solution In the parks of Stuttgart, the regional capital of Swabia, there are few signs of a crisis, and the economy is growing. In a speech, at the start of the global financial crisis, German Chancellor Angela Merkel
Amid Drought, Midwest Farmers Embrace Changes to Farm Bill Legislation commonly known as the U.S. Farm Bill expires at the end of September. The Food, Conservation, and Energy Act, its formal name, comes up for renewal every five years. It directs th
Lawmakers in Washington say U.S. and Mexican authorities need much more help to battle violent drug traffickers. At a hearing this week, several members of a Senate committee blasted plans for a so-called virtual fence as a waste of taxpayer dollars.
If you believe that every life has equal value, it's revolting to learn that some lives are seen as worth saving and others are not. We said to ourselves: This can't be true. But if it is true, it deserves to be the priority of our giving. 如果你认
The Beijing municipal government will spend 100 million yuan or nearly 15 million US dollars on the purchase of social service projects. It aims to meet various needs of the public and boost the development of social organizations. Chen Zhe has the s
By CCTV correspondent Mike Firn Japan is trying to make its farms more efficient as it tries to form tariff-free zones with its global trading partners. That may lead to big changes for the country's most protected workers, rice farmers. Rice is a sy
In a congressional hearing on Wednesday, the CEO of American International Group, the troubled insurance company, will face tough questions from angry members of Congress. The appearance by AIG Chief Executive Edward Liddy comes amid continuing outra
America's top financial officials say they need broad new powers to regulate companies like insurance giant AIG, which are partly blamed for the country's financial crisis. Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke
President Bush says economic matters will take center stage in meetings this week with European leaders. 布什总统说,经济问题是他这次欧洲之行跟欧洲领导人讨论的核心问题。 What is expected to be President Bush's last maj
U.S. lawmakers want Iraq to use bigger oil profits to pay for more of its own reconstruction. Iraq's parliament has approved a supplementary budget that raises this year's spending to more than $70 billion. 美国国会议员要求伊拉克用更大量
Russian President Vladir Putin has told G20 financial leaders that it's vital to charter a clear strategy on borrowing to end the global financial downturn. G20 finance ministers and the central banks are meeting in the Kremlin. The Russian leader ad