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.
Hunting for Wild Honey in Cambodia's Forestsi
X
17 December 2014
Cambodia is thought to produce the best wild honey in Southeast Asia, mainly due to its climate and topography. Most of it is harvested informally and sold cheaply at local village markets. Now, one company is helping some of the country's poorest people by employing them to hunt for honey, then selling it commercially. (AP, Koh Kong)

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.
You've Got To Be Kidding (Movie: Bedtime Stories)i
X
01 December 2014
You can say, "What? You lost your passport? So, you're stranded in a foreign country, where you don't speak the language and you don't know anyone? You've got to be kidding me, right?" 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.
Video

Video You've Got To Be Kidding (Movie: Bedtime Stories)

You can say, "What? You lost your passport? So, you're stranded in a foreign country, where you don't speak the language and you don't know anyone? You've got to be kidding me, right?" What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish.
Video

Video All Thumbs (Movie: Minority Report)

You can say, "I was 'all thumbs' this morning when trying to tie this tie - I kept making mistakes and just couldn't figure a way to pull it together." What does it mean? Watch here.
See more >>>