According to the UN report.ppt

Part I Warming up A. News Item 1: Central Bank Meeting Central Bank: A nations principal monetary authority, such as the Federal Reserve Bank, which regulates the money supply and credit, issues currency, and manages the rate of exchange. governor: chief executive (of Central Bank) slowdown: 减速 a business slowdown outlook: the prospect for the future global economy: recovery: an economic upturn (as after a depression) emerging economies: refers to the countries whose economies are developing fast Listen to the news and answer the question: Who have been meeting in Hong Kong today to discuss the outlook for the global economy? Central Bank governors from more than a dozen countries. Central Bank governors from more than a dozen countries have been meeting in Hong Kong today. One subject they likely discussed is the outlook for the global economy because of the U.S. slowdown and Japan’s struggling recovery. Another topic, how to strengthen financial markets in emerging economies in Asia and elsewhere. Item 2. Foreign Investment UN Conference on Trade and Development (UNCTAD): was established in 1964 as a permanent intergovernmental body, UNCTAD is the principal organ of the UN General Assembly dealing with trade, investment and development issues. What does UNCTAD say about the worldwide total of foreign investment? It grew by 40% last year to more than 600 billion dollars. A United Nations’ report says the worldwide total of foreign investment grew by nearly 40% last year to more than 600 billion dollars. The report by the UN Conference on Trade and Development, UNCTAD says most of it took place between developed countries as big companies took one another over. Item 3: A Cut in Income Tax Rates. House of Representatives: The lower house of the United States Congress. With 435 popularly elected officials, the House is the most representative body in the federal government. House seats are apportioned relative to each states population. approve : to gi