Saturday, 31 January 2015

Economy

US Not Over Cliff, Not Out of Woods: Economist

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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
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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.
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Cambodia Reduces Western Influence, Tilts Towards Locali
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30 January 2015
Cambodia tilts towards China and its acceptance of more and more Chinese aid helps the impoverished nation to reduce influence of international donors who had sought to push Cambodia towards more democratic form of governance. Sebastian Strangio, the author of “Hun Sen’s Cambodia,” told a gathering in Washington that the balance between local interest and international interest in Cambodia is beginning to tilt much more in the directions of the local. VOA’s Men Kimseng reports from Washington.

English with Mani & Mori

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