Economy

US Not Over Cliff, Not Out of Woods: Economist

x
Sok KhemaraVOA Khmer
WASHINGTON DC - Although the US averted the so-called “fiscal cliff,” a Cambodian economist in the US says the world still faces a number of economic challenges as Congressional leaders continue to wrestle with ongoing budget questions.

And the differing views on taxes and spending that are at the core of the debate between Democrats and Republicans will not be easily reconciled, Duch Darin, an economist based in Florida, told VOA Khmer in a Skype interview.

A last-minute budget agreement last week averted a round of automatic spending cuts and tax hikes, referred to as the fiscal cliff, but Congress still has not approved an overall budget, a process that could take another two months. The US stock market rebounded with the news of last week’s agreement, but Duch Darin said that kind of unsteady growth won’t last forever.

“The boost is probably for a short period of time, because the approved budget bill in the US is just part of the solution, and another part has not been solved,” he said.

US Not Over Cliff, Not Out of Woods: Economist i
|| 0:00:00
...
 
🔇
X
08 January 2013
Although the US averted the so-called “fiscal cliff,” a Cambodian economist in the US says the world still faces a number of economic challenges as Congressional leaders continue to wrestle with ongoing budget questions. And the differing views on taxes and spending that are at the core of the debate between Democrats and Republicans will not be easily reconciled, Duch Darin, an economist based in Florida, told VOA Khmer in a Skype interview.

“For the Democratic Party, they want to raise taxes on the rich, while the Republican Party doesn’t want to,” he said. “On another point, on government expenses, the Democratic Party wants a government with more expenses to improve the US economy, while the Republicans want a smaller government with less spending.”

Duch Darin said the US economy is likely to improve over the first quarter of the year, as investors gain confidence over the decreasing ambiguity in the US budget.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Demonstrators Call on Government To Fulfill Principles of Peace Accordsi
X
24 October 2014
Hundreds of activists demonstrated in Phnom Penh on Thursday, gathering to protest the government’s failure to fulfill the promises of the Paris Peace Accords, which were signed in 1991 and brought liberal democracy and a constitution to a country that had been shattered by war. The demonstrators submitted a petition to the US and other embassies, calling for international pressure on the Cambodian government to follow the accords. (Kong Sothanarith, Phnom Penh)

English with Mani & Mori

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face the Music (Movie: Yes Man)i
X
20 October 2014
You can say, "You lied, and lied, but this time you got caught. It's time you 'face the music'. It's time you confess and tell the truth." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Face the Music (Movie: Yes Man)

You can say, "You lied, and lied, but this time you got caught. It's time you 'face the music'. It's time you confess and tell the truth." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Hit the Nail on the Head (Movie: Inside Job)

You can say, "The professor 'hit the nail on the head' when she said, that we cannot demand respect, respect must be earned and not given freely." What does it mean? Watch here. For more videos - go to www.youtube.com/KhmerSpecialEnglish or www.khmer.voanews.com/maniandmori. To contact Mani & Mori
Video

Video Speak of the Devil (Movie: Easy A)

You can say, "Speaking of the devil, there she is! Hey, we were just talking about you a moment ago." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Rock the Boat (Movie: 500 Days of Summer)

You can say, "Things are going really well between the two of you - he's happy and you're happy, so why 'rock the boat'?" What does it mean? Watch here. For more videos - go to www.youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
See more >>>