Tuesday, 02 September 2014

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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US To Continue Regular Talks on South China Sea, Diplomat Saysi
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29 August 2014
A senior US diplomat says the US will continue to have discussions with claimants in the South China Sea dispute. In an interview with VOA Khmer, Scot Marciel, the State Department’s top diplomat for Asia and the Pacific, said “regular conversations” will help reduce regional tensions over the sea. “The whole world has an interest in a peaceful South China Sea and in seeing these disputes resolved peacefully and diplomatically,” he said in an interview in Phnom Penh. “So we’ll continue to make that point.” (Sok Khemara, Phnom Penh)

English with Mani & Mori

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Doze Off (Movie: Hairspray)i
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