This is the VOA Special English Economics Report, from voaspecialenglish.com President Obama is proposing rules to limit the size of big banks and the risks they can take. He wants to prevent banks from using government-insured deposits to make risky investments. He also wants to keep them from owning hedge funds or private equity funds. Banks took big losses as they traded mortgage-related securities that went bad. That helped create the financial crisis. Bank shares fell after the president’s announcement in January. His earlier efforts at financial reform have faced strong opposition from financial companies and some members of Congress. In the Senate, sixty votes are needed to prevent unlimited debate on a bill. But the Democrats lost their sixtieth vote. In January, voters in Massachusetts elected a Republican to finish the term of Ted Kennedy who died in August. Scott Brown opposes the health care legislation in Congress. His election could also affect other areas, like climate change legislation and reforms in the financial system. A separate development in January could affect future elections. The United States Supreme Court cleared the way for unlimited spending by businesses and labor unions in political campaigns. The court voted five to four to end a ban on the use of corporate money to pay for independent campaign ads for or against candidates. The court said the restriction on political speech violated the free speech rights guaranteed by the Constitution …
This is the VOA Special English Economics Report, from voaspecialenglish.com Dubai’s recent debt problems have brought attention to the growth of Islamic finance. A government-owned group of companies, Dubai World, has been seeking to restructure twenty-six billion dollars of debt. About six billion of it is in Islamic bonds, including a three and a half billion dollar bond set for repayment in December. The biggest difference between Western and Islamic finance involves beliefs about …
. The US will experience economic disintegration. The 2010 Food Crisis Means Financial Armageddon Over the last two years, the world has faced a series of unprecedented financial crises: the collapse of the housing market, the freezing of the credit markets, the failure of Wall Street brokerage firms (Bear Stearns/Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG, Icelands economic collapse, the bankruptcy of the major auto manufacturers (General Motors, Ford, …
Road to Recovery: Speaking on NDTV’s show Road to Recovery, Arvind Virmani, the finance ministry’s Chief Economic Advisor says the drought may shave off upto one per cent from Indias growth, depending on how badly agriculture growth is hit. … Road to Recovery NDTV 24×7 India Arvind Virmani finance agriculture
USAID helps provide more financing opportunities to businesses in the eastern European country of Moldova. Through purchase order financing (POF), a trade finance product by which banks provide loans based on purchase orders and using liquid instruments as collateral, an agribusiness trading company solved their short-term financing needs. In eight months, they have taken out seven POF loans totaling .35 million. In only two days, the company got the financing they needed, without having …
Sunyata: en.wikipedia.org Taco Man: www.silverbearcafe.com Jim Willie: news.goldseek.com Bob Chapman: theinternationalforecaster.com Silver Position Limits: news.silverseek.com
A trailer of Video Encyclopedia of Kazakhstan, created by Newton Production Group. This is the best, the most complete and fully illustrated documentary created about Kazakhstan.