官方APP下载:英语学习播客(支持苹果手机、安卓手机)
创办于2003年
UNSV记不住?那就记中文谐音“忧安思危”吧!
  Slow and Steady Wins the Race!
UNSV英语学习频道 - Slow and steady wins the race!
公众微信服务号
英语全能特训(微信公众服务号)
UNSV英语学习频道淘宝网店
客服短信:18913948480
客服邮箱:web@unsv.com
初级VIP会员
全站英语学习资料下载。
¥98元/12个月

ECONOMICS REPORT - Obama Seeks Limits on Banks, Condemns Campaign Finance Ruling

作者:Voice of America 发布日期:1-22-2010

This is the VOA Special English Economics Report.

President Obama is proposing rules to limit the size of banks and the risks they can take. He wants to prevent banks from using government-insured deposits to make risky investments. He also wants to keep them from owning hedge funds or private equity funds.

Banks took big losses as they traded mortgage-related securities that went bad. That helped create the financial crisis.

Bank shares fell after the president's announcement Thursday. His earlier efforts at financial reform have faced strong opposition from financial companies and some members of Congress.

Scott Brown, a Republican state senator, celebrates in Boston after a special election for U.S. senator from Massachusetts. He won the remaining three years in the term of Ted Kennedy, a Democrat who had held his seat for almost 50 years.
Scott Brown, a Republican state senator, celebrates in Boston after a special election for U.S. senator from Massachusetts. He won the remaining three years in the term of Ted Kennedy, a Democrat who had held his seat for almost 50 years.

In the Senate, sixty votes are needed to prevent unlimited debate on a bill. But the Democrats have lost their sixtieth vote. On Tuesday voters in Massachusetts elected a Republican to finish the term of Ted Kennedy who died in August.

Scott Brown opposes the health care legislation in Congress. His election could also affect other areas, like climate change legislation and reforms in the financial system.

And at the same time a separate development could affect future elections. The United States Supreme Court has cleared the way for independent spending by businesses and labor unions in political campaigns. The court decided, five to four, on Thursday to overturn its own ruling from nineteen ninety.

That case let the government bar corporations from using their own money to pay for campaign ads for or against candidates. Now the court says the restriction on political speech violates free speech rights guaranteed by the Constitution.

But President Obama says the decision will reduce the influence of average Americans. He called it a "major victory" for powerful interests like big oil companies, Wall Street banks and health insurance companies. He directed his administration to talk with congressional leaders from both parties to develop a "forceful response."

Elections for Congress are this November. The next presidential election is in two thousand twelve.

Wednesday marked Barack Obama's first anniversary in office. But the Republican victory in liberal Massachusetts was seen in large part as a sign of voter anger across the country about the economy.

Unemployment has doubled in two years to ten percent. Many people are angry that they struggle while the government rescued big banks. Some banks took losses last year but others earned record profits.

And that's the VOA Special English Economics Report. I'm Mario Ritter.

版权所有©2003-2019 南京通享科技有限公司,保留所有权利。未经书面许可,严禁转载本站内容,违者追究法律责任。 互联网经营ICP证:苏B2-20120186
网站备案:苏公网安备 32010202011039号苏ICP备05000269号-1中国工业和信息化部网站备案查询
广播台