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In recent years, a shining city grew in the desert of Dubai on and even off the Gulf coast. An island shaped like a palm tree was built for hotels, homes and entertainment. In October of last year the same developer announced plans for the world's ta

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Stopping Debt Payments Could Worsen Venezuela's Crisis Venezuela is struggling to pay back an estimated $150 billion in debt. 委内瑞拉正在竭力偿还大约1500亿美元的债务。 The countrys financial crisis only makes life worse for people

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VOA慢速英语2009年-Economics Report - Dubai Feels the Fin

This is the VOA Special English Economics Report. In recent years, a shining city grew in the desert of Dubai on -- and even off -- the Gulf coast. An island shaped like a palm tree was built for hotels, homes and entertainment. In October of last ye

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KWAME HOLMAN: Detroit declared bankruptcy today, the largest American city ever to do so. The city's state-appointed emergency manager made the filing with a federal judge. It would let him liquidate assets in a bid to pay off creditors and city pens

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Greek cabinet approves supplementary austerity package

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Greece has started a second round of talks with international creditors on its precarious financial plight, as there are new warning signs throughout Europe about the fallout from the continent's debt contagion. Finance Minister Evangelos Venizelos t

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CAN a big financial firm's credit rating fall from AAA one monthgood enough for pension funds and life insurersto junk the next without causing a crash? 一个大型金融公司的信用评级在一个月内从AAA对养老基金和寿险公司而言足

IMF Approves New Loan for Greece

The International Monetary Fund has approved a new $36 billion loan for debt-ridden Greece, despite misgivings about the country's economic performance with a previous loan. The board of the Washington-based IMF on Thursday adopted a proposal by its

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JUDY WOODRUFF: There was another dramatic chapter in the Greek economic crisis this evening, as Prime Minister Alexis Tsipras announced to his nation that he's resigning. ALEXIS TSIPRAS, Greek Prime Minister (through translator): My fellow Greeks, I

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