I'm Gwen Outen with the VOA Special English Economics Report.The Russian oil company, Yukos, continued its legal battle withthe Russian government in two-thousand-four. The government reportedthis year that Yukos owed more than twenty-seven thousand milliondollars in taxes. Russian officials ordered...
This is Bob Doughty. Welcome to the VOA Special English EconomicsReport. You can now hear environment news on Tuesday as part ofScience in the News.Our first Economics Report is about a timely subject. Have youever wondered what is a fiscal year? A fiscal year is simply a wayto record and report fin...
This is Bob Doughty with the VOA Special English EconomicsReport.The Bush administration and some American lawmakers have calledfor a change in China's financial policy. At issue is the value ofChinese money, called the yuan or renminbi. American officials saythe renminbi is undervalued. They say it...
This is Bob Doughty with the VOA Special English EconomicsReport.Two professors, Robert Engle and Clive Granger, are the winnersthis year of the Nobel prize in economics. Professor Engle isAmerican; Professor Granger is British. The award honors their workto help economists better understand what ar...
This is Bob Doughty with the VOA Special English EconomicsReport.People invest money in the hope their wealth will grow over time.Some have financial advisers make their investments for them. Buteven people without very much money can invest. Of course, there areno guarantees. So one way investors t...
This is Doug Johnson with the VOA Special English EconomicsReport.In the United States, people who put their money in banks areusually protected if the bank ever fails. They are guaranteed to gettheir money back, up to one-hundred-thousand dollars. Financialmarkets offer no guarantees. That is why t...
This is Bob Doughty with the VOA Special English EconomicsReport.Graphic ImageThe largest stock market in theworld is the New York Stock Exchange. It is also the oldestfinancial market in the United States. Its history dates toseventeen-ninety-two.Today, two-thousand-eight hundred companies trade th...
This is Bob Doughty with the VOA Special English EconomicsReport.Last week we told about the New York Stock Exchange and theresignation of its chairman, Richard Grasso. This week we tell aboutproposals by the temporary chairman, John Reed, to reform theworld's biggest stock market.Mister Grasso spen...
This is Bob Doughty with the VOA Special English EconomicsReport.Last week, the World Trade Organization ruled that United Statestaxes on imports of steel violate international trade law and shouldbe removed. President Bush ordered the new taxes, some as high asthirty percent, in March, two-thousand...
This is Bob Doughty with the VOA Special English EconomicsReport.The World Trade Organization is the international system fornegotiating trade issues. The W-T-O was established innineteen-ninety-five. But its roots go back to an agreement madesoon after World War Two. Twenty-three nations approved t...
This is Bob Doughty with the VOA Special English EconomicsReport.This week: part two of our report on the World TradeOrganization. We told about agreements that existed before the W-T-Owas established in nineteen-ninety-five. The General Agreement onTariffs and Trade, or GATT, served as the main set...
This is Bob Doughty with the VOA Special English EconomicsReport.This week -- the third and final part of our series on the WorldTrade Organization.In September, there was a lot of news when the MinisterialConference in Cancun, Mexico, ended without new agreements.Developing nations blamed wealthy o...
This is Bob Doughty with the VOA Special English EconomicsReport.About two-thirds of the economic activity in the United States iscreated by people who spend money -- consumers. And much of thatactivity is created this time of year, as consumers buy gifts forChristmas and other holidays.Government e...
This is the VOA Special English Economics Report.A ChartIncluding the Dow JonesAverage.Doctors always measure theheartbeat of a patient when examining the patient's health. Theheartbeat of America's stock markets is the Dow Jones IndustrialAverage. No other measure of stock value is as widely known....
