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 …
Renowned Mongolian sumo wrestler Hakuho has developed a business forum to bring economic and community development to the impoverished people of Mongolia. This video begins with a conversation between forum member Nyamsuren Damdinsuren and Ulaanbaatar Rotary Club member Marc Watkins and translator Nomin about a request for financial support to pay for the costs of shipping medical equipment from the United States to rural Mongolia hospitals (see: www.youtube.com and continues with a tour of …
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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 …
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to follow shortly - Tags - BBC Documentary Discussion Review World Debate Housing The Future Global Poulation Problems Solutions Food Transport Employment Finance Economy Education Challenge Development Support … BBC Documentary Discussion Review World Debate Housing The Future Global Poulation Problems Solutions Food Transport Employment Finance Economy Education Challenge Development Support
to follow shortly - Tags BBC Documentary Discussion Review World Debate Housing The Future Global Poulation Problems Solutions Food Transport Employment Finance Economy Education Challenge Development Support … BBC Documentary Discussion Review World Debate Housing The Future Global Poulation Problems Solutions Food Transport Employment Finance Economy Education Challenge Development Support
Women A Boost For Business? Is employing women not just good practice but also good for business? What effect will the increasing rol of women at work and their emerging power as consumers have on developing countries like India? The BBC World Debate from Dehli looks at these questions. Recorded from BBC on 21.11.2009. Category: News & Politics Human Rights