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BBC news 2008-09-20 加文本
2008-09-20来源:和谐英语
BBC 2008-09-20
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BBC News with Joe Macintosh.
Government officials in the United States have begun discussions with Congress on how to restore confidence in the financial system which is suffering its worst crisis in decades. President Bush said uNPRecedented challenges needed uNPRecedented action. The Treasury Secretary Henry Paulson said the plan would cost the American taxpayer hundreds of billions of dollars. But some experts put the possible cost as high as one trillion dollars. Justin Webb reports from Washington.
All weekend, the talks between the Bush administration and members of both political parties will continue. There're some members of Congress who are queasy at the thought of the taxpayer taking on hundreds of billions of dollars of currently worthless debt. The Senate would almost certainly back the measure which could then pass into law within days. At the moment, the details of the plan are opaque, but it's believed the intention is to find a way of bringing all the bad debts into one organization whose task will be to hold them on behalf of the taxpayer until they can be sold off at some point in the distant future.
The Republican presidential candidate John McCain has said he is against the government bailing out struggling banks and other financial companies. He said the US Federal Reserve should get back to its core business.
"In cases where failing companies seek taxpayer bailouts, the Treasury Department will follow consistent policies in deciding whether to guarantee loans. It must have well developed remedies for a financial crisis. With billions of dollars in public money at stake, it will not do to keep making it up as we go along."
His Democratic rival Barack Obama said any government rescue for Wall Street must shield regular Americans too.
After massive losses earlier this week, stock markets worldwide bounced back in Friday's trading. The Dow Jones Index in New York built on Thursday's late rally to close 3% higher. Earlier, the main index in London made a record one-day gain to close near 9% up. There're also big rises in Germany, France, Italy and Spain.
South Africa's governing African National Congress is locked in crisis talks over whether to call for President Thabo Mbeki to resign. He's been undergoing pressure in the past weeks since a High Court judge suggested there had been political interference in a corruption case against his party rival Jacob Zuma. The party's Secretary General said ANC leaders would continue, what he called, their difficult debate on Saturday. Peter Biles reports from Johannesburg.
There's been feverish speculation that many of the ANC senior members want President Thabo Mbeki to step down before South Africa's elections scheduled for the first half of next year. The cabinet has rallied behind Mr. Mbeki and if he is seen to be hounded out of office by his own party, it might only fuel further infighting between his supporters and those of his longtime rival, the ANC President, Jacob Zuma.
You are listening to the World News coming to you from the BBC.
Mexico has created a special police force to tackle the rate of kidnapping, which is among the highest in the world. The authorities say so far this year more than 650 people have been abducted in Mexico, half as many again as in all of last year. The anti-kidnapping force will be deployed in all 32 states.
The Russian Prime Minister Vladimir Putin has rejected any idea of a new Cold War, insisting that Moscow will remain both politically and economically engaged with the West. He said Russia wanted further integration into the world economy and any attempt to throw his country back to the times of the Cold War was a direct threat to its economic development. From Moscow, here's Rupert Wingfield-Hayes.
The accusation from Mr. Putin is that it is not Russia that is trying to rebuild the Iron Curtain, but America and its allies, who are intent on keeping Russia weak. Mr. Putin has always operated on the basis that the best form of defense is attack. His words today are designed to reassure foreign investors that Russia is still very much open for business, while at the same time rejecting any responsibility for the current deep chilling relations between the Kremlin and the West.(Www.hxen.net)
A mechanical fault has forced scientists to temporarily shut down the Large Hadron Collider near Geneva, where one of the most ambitious experiments ever is being undertaken. Some of the magnets used to direct beams of particles around the collider have overheated, just over a week after the facility was switched on with a great fanfare. The fault is likely to delay plans to recreate the conditions which existed just after the birth of the Universe.
A Berlin auction house says it's sold one of the few remaining sections of the Berlin Wall for more than 11,000 dollars. The large graffiti-covered stretch of the wall built by Communist East Germany in 1963 to stop people crossing into capitalist West Berlin was bought by a local businessman.
And that's the latest BBC News.
Download Audio
BBC News with Joe Macintosh.
Government officials in the United States have begun discussions with Congress on how to restore confidence in the financial system which is suffering its worst crisis in decades. President Bush said uNPRecedented challenges needed uNPRecedented action. The Treasury Secretary Henry Paulson said the plan would cost the American taxpayer hundreds of billions of dollars. But some experts put the possible cost as high as one trillion dollars. Justin Webb reports from Washington.
All weekend, the talks between the Bush administration and members of both political parties will continue. There're some members of Congress who are queasy at the thought of the taxpayer taking on hundreds of billions of dollars of currently worthless debt. The Senate would almost certainly back the measure which could then pass into law within days. At the moment, the details of the plan are opaque, but it's believed the intention is to find a way of bringing all the bad debts into one organization whose task will be to hold them on behalf of the taxpayer until they can be sold off at some point in the distant future.
The Republican presidential candidate John McCain has said he is against the government bailing out struggling banks and other financial companies. He said the US Federal Reserve should get back to its core business.
"In cases where failing companies seek taxpayer bailouts, the Treasury Department will follow consistent policies in deciding whether to guarantee loans. It must have well developed remedies for a financial crisis. With billions of dollars in public money at stake, it will not do to keep making it up as we go along."
His Democratic rival Barack Obama said any government rescue for Wall Street must shield regular Americans too.
After massive losses earlier this week, stock markets worldwide bounced back in Friday's trading. The Dow Jones Index in New York built on Thursday's late rally to close 3% higher. Earlier, the main index in London made a record one-day gain to close near 9% up. There're also big rises in Germany, France, Italy and Spain.
South Africa's governing African National Congress is locked in crisis talks over whether to call for President Thabo Mbeki to resign. He's been undergoing pressure in the past weeks since a High Court judge suggested there had been political interference in a corruption case against his party rival Jacob Zuma. The party's Secretary General said ANC leaders would continue, what he called, their difficult debate on Saturday. Peter Biles reports from Johannesburg.
There's been feverish speculation that many of the ANC senior members want President Thabo Mbeki to step down before South Africa's elections scheduled for the first half of next year. The cabinet has rallied behind Mr. Mbeki and if he is seen to be hounded out of office by his own party, it might only fuel further infighting between his supporters and those of his longtime rival, the ANC President, Jacob Zuma.
You are listening to the World News coming to you from the BBC.
Mexico has created a special police force to tackle the rate of kidnapping, which is among the highest in the world. The authorities say so far this year more than 650 people have been abducted in Mexico, half as many again as in all of last year. The anti-kidnapping force will be deployed in all 32 states.
The Russian Prime Minister Vladimir Putin has rejected any idea of a new Cold War, insisting that Moscow will remain both politically and economically engaged with the West. He said Russia wanted further integration into the world economy and any attempt to throw his country back to the times of the Cold War was a direct threat to its economic development. From Moscow, here's Rupert Wingfield-Hayes.
The accusation from Mr. Putin is that it is not Russia that is trying to rebuild the Iron Curtain, but America and its allies, who are intent on keeping Russia weak. Mr. Putin has always operated on the basis that the best form of defense is attack. His words today are designed to reassure foreign investors that Russia is still very much open for business, while at the same time rejecting any responsibility for the current deep chilling relations between the Kremlin and the West.(Www.hxen.net)
A mechanical fault has forced scientists to temporarily shut down the Large Hadron Collider near Geneva, where one of the most ambitious experiments ever is being undertaken. Some of the magnets used to direct beams of particles around the collider have overheated, just over a week after the facility was switched on with a great fanfare. The fault is likely to delay plans to recreate the conditions which existed just after the birth of the Universe.
A Berlin auction house says it's sold one of the few remaining sections of the Berlin Wall for more than 11,000 dollars. The large graffiti-covered stretch of the wall built by Communist East Germany in 1963 to stop people crossing into capitalist West Berlin was bought by a local businessman.
And that's the latest BBC News.
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