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LEARNING ENGLISH THROUGH NEWS WEEK 15 – 2011 (4 - 9 April 2011) Viết bởi Administrator Thứ ba, 12 Tháng 4 2011 10:33Học Online - Tin Tiếng Anh

LEARNING ENGLISH THROUGHNEWS

WEEK 15 – 2011 (4 - 9 April 2011)

 

THE WORLD THIS WEEK 

 

The fighting between Colonel Muammar Qaddafi's forces and those rebelling against himmoved to and fro along the coast road between the oil town of Brega and Benghazi, therebels' capital in the east. The Americans handed control of the anti-Qaddafi coalition to NATO, which continued its assault on the LIBYAN government's ground forces from theair.

President Ali Abdullah Saleh of YEMEN struggled to stay in charge in the face of growing demonstrations in the capital and unrest across a divided country. In a policyshift, meanwhile, the American administration signalled that it would like Mr Saleh to beeased out of office, despite fears that al-Qaeda might fill the vacuum if he departed.

RICHARD GOLDSTONE, a South African judge who headed a UN inquiry into Israel'sthree-week war on Gaza two years ago, recanted a key finding of his original report. Hesays that he now believes Israel did not intentionally target civilians "as a matter of  policy".

 

The palace compound of COTE D'IVOIRE'S Laurent Gbagbo, in Abidjan, wassurrounded by UN and French troops. He was defeated in a presidential election in November but has refused to step down. Forces loyal to the election winner, AlassaneOuattara, have conquered the rest of the country. Hundreds of people have been killed in

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the past fortnight.

Radioactive water from JAPAN'S stricken nuclear power plant seeped into the sea aroundFukushima. The leak was sealed on April 6th as engineers were forced to dump 11,500tonnes of less contaminated water into the ocean to make room for fresh coolant. Japanacknowledged that South Korea and China were not adequately consulted about thesituation.

CHINA'S government detained Ai Weiwei, a Chinese artist and dissident, for "economiccrimes" after preventing him from boarding a flight bound for Hong Kong. His

whereabouts had been unknown for days. A state newspaper chided Mr Ai for being a political "maverick".

KAZAKHSTAN re-elected Nursultan Nazarbayev as its president with 95.5% of the vote.Mr Nazarbayev is popular among his countrymen but the near-perfect result is anembarrassment for the foreign governments that applauded him for calling the election.Even an opposition candidate voted for him.

Two suicide-bombers in PAKISTAN'S Punjab province blew themselves up near a Sufishrine, killing at least 50 people and injuring 100.

 

Thousands of AFGHANS protested about the actions of Christian bigots in Florida whohad burned a Koran on March 20th. Seven foreign UN staff and guards were killed inMazar-i-Sharif, while a dozen people died in clashes with police in Kandahar.

To no one's surprise, BARACK OBAMA announced that he is to seek re-election as president in 2012. In his opening message, he called for a big push on fund-raising, andsome analysts reckon he might raise as much as $1 billion, shattering all records. Only

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one serious Republican candidate has so far entered the race for that party's nomination.

 

Guido Westerwelle resigned as leader of GERMANY'S Free Democratic Party, a junior coalition member, and as federal vice-chancellor, following the party's poor performancesat recent state elections. Philipp Rosler, the 38-year-old health minister, of Vietnameseorigin, will replace him in both roles, although Mr Westerwelle wants to stay as foreignminister, a position in which he has attracted much criticism.

Jose Luis Rodriguez Zapatero, SPAIN'S unpopular prime minister, said that he would notstand for a third term at a general election due by early 2012. The ruling Socialist Party is

expected to hold primaries to elect Mr Zapatero's successor as party leader after localelections on May 22nd.

Preliminary results released by the electoral authority showed Michel Martelly, aconservative and a popular singer, winning HAITI'S presidential election, with 67.6% of the vote. He will take office in May, charged with speeding up the country'sreconstruction after last year's earthquake.

In MEXICO, protests against drug-related violence in many cities across the country wereinterrupted when police in Tamaulipas state found 59 bodies in eight graves, includingone that had 43 corpses buried in it.

 

American officials said that they had reached an agreement under which COLOMBIAwill strengthen its efforts to protect trade unionists, clearing the way for a free-trade

agreement between the two countries to be sent to the UNITED STATES Congress.

After long insisting on going it alone, PORTUGAL announced that it would seek a bail-out from its euro-zone partners. The country follows Greece and Ireland in asking for help. The decision came after ten-year government-bond yields came within a whisker of 

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9% and rates on 12-month and six-month treasury bills sold in a EURO1.0 billion ($1.4 billion) auction jumped by more than one and a half percentage points compared withsimilar sales in March.

Further stress tests of IRELAND'S BANKS revealed that they need an extra EURO24 billion ($34.4 billion) of capital. That would push the total cost of the government bail-outto around EURO70 billion, bringing almost all of the Irish banking industry under statecontrol.

 

TEXAS INSTRUMENTS, a maker of computer chips, offered to buy NATIONAL

SEMICONDUCTOR, an American rival, for $6.5 billion. American and Europeantechnology stocks rallied on the news.

 

Australia's government said it might thwart an A$8.4 billion ($8.7 billion) bid bySINGAPORE EXCHANGE for ASX, the main Australian bourse, citing "nationalinterest". The combined exchange would be Asia's second largest by the number of listings.

 

A Chinese state-owned mining company, MINMETALS RESOURCES, made a C$6.3 billion ($6.5 billion) offer for EQUINOX MINERALS, an Australian-Canadian owner of a large copper mine in Zambia. The unsolicited bid, financed entirely with cash, is the biggest yet for a Chinese mining firm. China consumes around 40% of the world's copper and is concerned about competition for supplies of the metal. Copper's price remains high,though it has slipped by around 5% from February's stratospheric levels.

 

Increasingly alarmed by an overheating economy, the PEOPLE'S BANK OF CHINAraised interest rates for the fourth time in five months. The rise of a quarter of a percentage point, to 6.31% for the one-year lending rate and 3.25 for the deposit rate,came as a surprise, leading analysts to suppose that inflation in March had been higher than expected.

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Vietnam’s economy: growing too fast

By Ben Bland 7 April 2011

 

Emerging market investors tend to gravitate toward countries that have acceleratingeconomic growth prospects. Vietnam, which has been battling regular bouts of economicinstability, is one of the few fast-growing countries in the world where investors want tosee growth slow down. On Wednesday, the Asian Development Bank became the latestfinancial institution to downgrade the Southeast Asian nation’s growth prospects for thisyear following the government’s unveiling of a package of measures designed to combatsurging inflation and a lack of confidence in the financial system. The ADB cut itsforecast for GDP growth this year to 6.1 per cent from 7 per cent, arguing that if thegovernment successfully implements its fiscal and monetary tightening policies, growthwill slow but inflation will be brought under control eventually.

 

The package of measures – known as Resolution 11 – certainly looks the part, with thegovernment vowing to keep borrowing rates high until inflation has stabilised, curb creditgrowth and cut non-recurring, non-salary spending by 10 per cent. But, as Ayumi Konishi,the ADB’s country director, told beyondbrics: “the real test will come in theimplementation.” While inflation is a growing challenge across the region, the causes andthe scale of the problem are very different in Vietnam. Across Asia, capital inflows havedriving prices higher while in Vietnam, rapid credit growth and wasteful spending bystate-owned companies lies at the root of the problem. Investors and government officialsin China are spooked out by annual inflation of 4.9 per cent.

 

But in Vietnam, consumer prices rose by 13.9 per cent year-on-year in March. The extentof the credit expansion in Vietnam over recent years has raised fears about financialcontagion, especially in light of the problems at Vinashin, the state-owned shipbuilder thatis unable to pay its foreign debt at present. The ADB noted in its latest update on theVietnamese economy, which was released on Wednesday: “The large increase in thedomestic credit stock, about $100 billion during 2007–2010, raises concerns over bankingasset quality, as does bank exposure to real estate and state-owned enterprises.” Mostinvestors believe that the government allowed economic problems to build up because it

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was reluctant to see growth slow in the run up to the Communist party’s key five-yearlycongress, which was held in January. Politics and economics don’t always mix.

 

Vietnam Raises Bank Dollar Reserve Ratios After Dong Weakens toRecord Low

Bloomberg News, 9 April 2011

 

Vietnam’s central bank raised the amount of dollar deposits lenders must set aside as cashto curb the use of foreign currency in the nation and stabilize the dong. The reserve ratioon deposits held in the U.S. currency will increase by 2 percentage points to a range from3 percent to 6 percent from May, the State Bank of Vietnam said on its website today. Themonetary authority will also cap interest rates on dollar deposits at 3 percent for individuals and at 1 percent for non-credit institutions, effective April 13, according to aseparate statement. Prime Minister Nguyen Tan Dung is striving to restore confidence inan economy that devalued its currency for the fourth time in 15 months on Feb. 11 tonarrow the gap between official and so-called black market exchange rates. The central bank raised borrowing costs for the second time in less than a month on April 1 to curbinflation that has exceeded 10 percent for five months.

“These moves indicate further monetary tightening and discourage the use of foreigncurrency in the banking system,” Tong Minh Tuan, deputy head of research at Hanoi- based BIDV Securities Co., a unit of Bank for Investment & Development of Vietnam,said in an interview by phone Foreign-Currency Loans. “Foreign-currency liquidity at banks is ensured, but dollar lending rose at a level that is quite high,” the monetaryauthority said. “Even companies that don’t need to import goods preferred dollar loans,”BIDV Securities’ Tuan said. “With these moves, dollar lending will be limited to thosecompanies with real demand for foreign currency.”

 

Domestic deposits in foreign currency at banks rose 19.5 percent in the first quarter andforeign deposits held in dollars increased 15.1 percent, the central bank said today.Foreign-currency loans increased about 13 percent in the first three months of the year, itsaid, without giving comparative numbers. Prime Minister Dung has intensified the fightagainst inflation this year by ordering a “tight” monetary policy and lowering targets for credit growth.

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Consumer prices increased 13.89 percent in March from a year earlier, the fastest pacesince February 2009. The Vietnamese dong dropped to a record low against the dollar 

yesterday after the State Bank of Vietnam set the reference rate at the weakest levelagainst the dollar since January 2005. The dong slid to 20,925 per dollar before closinglittle changed at 20,920, according to data from banks compiled by Bloomberg. The StateBank of Vietnam set the currency’s reference rate at 20,723 for April 11, compared with20,718 yesterday, according to its website. The currency is allowed to trade up to 1 percent on either side of the rate.

 

Vietnam Shocks Could Put Damper On Foreign Investment

By Martin Vaughan, Dow Jones, 8 April 2011

 

Exchange rate shocks in Vietnam, and the economic imbalances that led to them, couldcause U.S. companies to rethink investments there, an official with the U.S.-AseanBusiness Council said. U.S. firms doing business in Asia are able to manage exchangerate fluctuations that aren't extreme, said Marc Mealy, vice president of the trade group.But a string of devaluations of the Vietnamese dong and the government's tenuous controlof inflation may lead firms to think twice, he said. "Because of the challenges Vietnamhas had in getting their hands around these issues, it would seem to have an impact when

companies assess expanding their business in the Vietnamese market," Mealy told DowJones Newswires. He said he didn't know of specific examples of firms puttinginvestments on hold. The interview was on the sidelines of the annual meeting of financeministers of the Association of Southeast Asian Nations.

 

Vietnam in February devalued the dong by 8.5% against the U.S. dollar, seeking in part tonarrow chronic trade deficits that have depleted its foreign currency reserves. The movewas praised by some economists as necessary to correct economic imbalances -- but itrisks exacerbating inflation. A sharply weaker dong raises input prices for firms that

manufacture in Vietnam. Meanwhile, the country's low foreign currency reserves, whichthe devaluation attempts to address, could pose a headache for firms to the extent thatVietnam is unable to guarantee import payments. "In some ways, Vietnam is quite anattractive place to do business right now," Mealy said, citing the economy's red-hotgrowth in recent quarters. "But it isn't Singapore, and it's not Malaysia, countries whichhave stronger institutions and are in a better position to manage these kinds of externalities."

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The business council group promotes expanded U.S. trade and investment with SoutheastAsian nations. It counts many of the largest U.S. multinational firms among its members,

including Coca-Cola Inc., Chevron and Ford Motor Company. Mealy said a proposal fromsome Asean countries, discussed in this week's meetings, to pursue linkages among their home stock exchanges could be a boon for U.S. financial services firms. He saidSoutheast Asia will remain a hot destination for U.S. investment, even as economicgrowth in the region is projected to cool from the past couple of years. "Even with Aseanand Asia cooling down to 7 or 8 percent annual growth, multinational companies willrecognize that this is still where the growth is," Mealy said.

 

Immigrant Laborers Win $60M Judgement Against Houston Company

By Asiah Carey, My Fox Houston, 9 April 2011

 

Several immigrant laborers say they feel like they're free after living through an Americannightmare. Those men, 26 strong, hail from Vietnam. The group traveled to Houston in2008 to work for Coast to Coast Resources, a company based out of Harris County. Thecompany promised the group jobs and work visas to serve as laborers near the HoustonShip Channel, according to the men. They were supposed to be paid $15 to $22 an hour for 30 months.

That sweet deal soon changed when the fine print kicked in. The men’s contract requiredthe Vietnamese laborers to pay the American company up to $7,000 to get a job in thestates, according to a lawsuit. The American dream turned into a nightmare, the men said.They claim the company charged the men: -- $125 a week to live in squalor at a Pasadenaapartment complex -- $75 a week for transportation to work. “It was pretty terrible andto get them out of that was amazing," John Ha, the group’s attorney, said. "They sent a lotof people to threaten us," No Hai Le said.

 

Before the men got out, they filed a lawsuit claiming Coast to Coast Resources’ offer wasindentured servitude. But that’s not all. According to the group, Coast to Coast Resourcesthreatened the men saying any contact with outsiders would be punished by arrest and physical violence because Americans would scorn them for being from a communistcountry. The men worked only a few months of the 30-month term before the companyfired them. The men fought back by filing that lawsuit.

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 The group won a $60 million judgment against Coast to Coast and other parties named inthe lawsuit. An attorney for the Harris County company had no comment on the ruling.“It’s so beautiful to show that we as Americans care for justice,” Tammy Tran, leadattorney for the men, said. Though the men have won a major victory, they aren’tcelebrating. The group now feels like targets back in Vietnam.Lee, through a translator, said he’s worried for his family back in Vietnam. They arereportedly being harassed and threatened by people back home. Despite the treatment, theVietnamese laborers said they want to stay in Texas. That's where students from South Texas College of Law come in. Professor Naomi Bangis taking on the immigration part of this case because the work visa never panned out."What they came for is to stay here and provide a life for their children and spouses whoare still waiting in Vietnam," Bang said. "After all they've been through they still want to

live in the United States,” student Samantha Frazier said. “They still want to have thatdream." 

Foundation mends Vietnamese hearts

By Bob Pool, Los Angeles Times, 9 April 2011

 As she so often does, Marichia Simcik Arese will host one of her unusual crafts boutiquesthis weekend at her Pacific Palisades home. And two days after that she will head for Vietnam to encourage the disabled young artists who create chic water bottle carriers, tote bags and eye-catching picture frames to keep producing their stylish goods from discarded plastic bottles, old bicycle tires and recycled aluminum cans.

Since 1998, Arese's do-it-yourself Spiral Foundation has raised more than $1.6 millionselling the handmade items to finance heart operations for Vietnamese suffering fromcongenital heart diseases and other genetic conditions believed to be tied to the spraying

of  Agent Orange during theVietnam War . The sales have paid for 380 heart surgeries sofar at a medical clinic in Hue that has come to rely on the 57-year-old Pacific Palisadeswoman's boutiques and on individual gift bazaars staged by a network of her supporters.

Arese travels three times a year to the Southeast Asian nation, spending about a monththere as she helps drum up business for a gift store she has helped them establish in Hue:the Healing The Wounded Heart shop. The Italian-born Arese doesn't hesitate to approachAmerican and European tourists she spots on Hue's streets. "Hi. We have a shop down

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Trial Over Falun GongBy The Associated Press, 6 April 2011

 Two Falun Gong practitioners face trial in Vietnam for transmitting programs about thespiritual group into China, their lawyer said Wednesday. Tran Dinh Trien, the lawyer, saidthat Falun Gong was not banned in Vietnam and that his clients should not be charged.The trial starts Friday for Vu Duc Trung, 30, and his brother-in-law, Le Van Thanh, 35. If convicted, they face up to five years in jail. State media reported that the men broadcast18 hours a day for more than a year. They already started last year, in 2010. They wereemitting from their home and on shortwave and the signal was travelling 800 kilometresnorth to China. They were diffusing some programs that are free to get. It's very easy toget. They come from the Radio Sound of Hope radio network. This is a Falungong mediaand they were broadcasting the signals to China to make the Chinese learn about mainland

 politics, economics, but in particular about what was happening for the Falungong inChina.China bans Falun Gong and has jailed practitioners of the group it denounces as acult. A human rights group is alleging China put pressure on Vietnam to arrest the men as part of its long-running suppression of the Falun Gong spiritual movement.

Activists fight to stop dam across Mekong

AP 8 April 2011

 

A plan for the first dam across the Mekong River anywhere in its meandering paththrough Myanmar, Laos, Thailand, Cambodia and Vietnam has set off a major environmental battle in Southeast Asia. The $3.5 billion Xayaburi dam is slated for thewilds of northern Laos and would generate power mostly for sale to Thailand. The project pits villagers, activists and the Vietnamese media against Thai interests and the Laotiangovernment in its hopes of earning foreign exchange in one of the world's poorestcountries. A decision on whether the dam gets the green light, is axed or deferred for 

further studies is expected April 19 during a meeting in the Laotian capital among Laos,Thailand, Vietnam and Cambodia.

 

Opponents warn it could open the way for 10 more dams being considered along thelower Mekong. "Our lives and livelihoods depend on the health of the Mekong River,"said Kamol Konpin, mayor of the Thai riverside town of Chiang Khan. "As local people

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have already suffered from dams built upstream in China and watched the ecosystemchange, we are afraid that the Xayaburi dam will bring more suffering. "China has placedthree dams across the upper reaches of the Mekong, but otherwise its 3,000-mile (4,900-kilometer) mainstream flows free. The Xayaburi would cut across a stretch of the river 

flanked by forested hills, cliffs and hamlets where ethnic minority groups reside, forcingthe resettlement of up 2,100 villagers and impacting tens of thousands of others.

 

Environmentalists say such a dam would disrupt fish migrations, block nutrients for downstream farming and even foul Vietnam's rice bowl by slowing the river's speed andallowing saltwater to creep into the Mekong River Delta. A Thai firm would build the1,260 megawatt hydroelectric project. However, Thai villagers along the river are staging protests and planning to deliver letters to Thai Prime Minister Abhisit Vejjajiva and theLao Embassy in Bangkok, where the Thai government has maintained an official silence

on the issue.

Pianporn Deetes, of the U.S.-based International Rivers, said environmentalists are readyto take their case to court if Abhisit doesn't deliver a positive response.

 

Last month, 263 non-governmental organizations from 51 countries sent letters to thegovernments of Laos and Thailand urging that the project be shelved. Laos said inFebruary that the Xayaburi would be the "first environmentally friendly hydroelectric project on the Mekong" and that will "not have any significant impact on the Mekong

mainstream." "We are excited about this project," the statement said.

 

Vietnam's official media, in a rare disagreement with its communist neighbor, has blastedthe dam, while scientists and environmental groups have called for its construction to bedelayed for 10 years until more research is conducted. "It seems that countries of thelower Mekong still haven't learned lessons from the impact of the Chinese dams,"Pianporn said. "Xayaburi is so important because it could set off the destruction of thelower Mekong."

 

Since 2007, there have been proposals to put up 11 mainstream dams in Cambodia andLaos. The Mekong River Commission, set up by the four Southeast Asian neighbors in1995 to manage the river, has expressed serious reservations about Xayaburi. A study bythe group recommended a 10-year moratorium on all mainstream dams, a stand supported by U.S. Secretary of State Hillary Clinton during a Southeast Asian trip earlier this year.The commission cited feared damage to migrations of between 23 and 100 fish species,

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among a host of other environmental problems.

 

Another MRC document showed nobody spoke in favor of the dam during publicconsultations this year in Vietnam, Cambodia and Thailand, while many officials,academics and residents cited problems or lack of information about the project. Noconsultation was held in Laos. "If this project goes ahead it would be unimaginablyirresponsible," said Ame Trandem of Rivers International. Somkiat Khuengchiangsa, whohas spent his life along the river and heads The Mekong-Lanna Natural Resources andCulture Conservation Network, said governments are more interested in the economics of the project than its effect on residents. "Rivers are not the property of nations or groups of  people. They belong to all mankind," he said.

 

Bob Dylan set for first-ever Vietnam show

By Ian Timberlake, AFP 8 April 2011

 

Legendary American musician Bob Dylan, whose songs became anthems of the 1960santi-Vietnam War era, blows into Ho Chi Minh City on Sunday for his first-ever concert

in the communist nation. While the symbolism is stark for members of the West's ageing"counter-culture" generation, many in youthful Vietnam have never heard of the man whowrote "Blowin' in the Wind" and other songs of protest and struggle. "I don't know whohe is," said Tran Trung Duc, 21, a Hanoi IT student.

 

Dylan's music helped to shape a Western generation that was in conflict with authority.But about half of Vietnam's population is under the age of 30 with no memory of theyears of war with the United States. "They don't have any political connection with the erain which Bob Dylan became famous," said Chuck Searcy, a Vietnam War veteran who

has lived in the country since 1995.

Dylan will play in Vietnam's largest and most-westernised city, the former Saigon, as partof an Asia-Pacific tour marking 50 years since his first major performance on April 11,1961. He heads to Vietnam from Shanghai, where he performs Friday night after a Chinadebut in Beijing on Wednesday. After reportedly banning a concert by Dylan last year,

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Beijing agreed he could perform if his songs were vetted by censors. Vietnam's foreignministry spokeswoman, Nguyen Phuong Nga, could not say whether Dylan's songs wouldhave to be reviewed by Vietnamese authorities, but a review by censors would be normal procedure.

 

Washington and the European Union this week expressed concern over human rights andfree expression in Vietnam after a high-profile dissident was jailed for anti-state propaganda activities, including advocating an end to one-party rule. In Beijing, alsocriticised by activists and Western governments over rights, Dylan did not play two politically-charged songs that are among his most well-known: "The Times They Are A-Changin'" and "Blowin' in the Wind". In the former song he says: "The order is rapidlyfadin', And the first one now will later be last." The second song asks: "Yes, 'n' how manyyears can some people exist, Before they're allowed to be free?"

 

Brad Adams, an executive director at Human Rights Watch, accused Dylan of allowingcensors to choose his playlist. "Dylan should be ashamed of himself," he said. Nga, of theforeign ministry, said the concert was being eagerly anticipated in the country of 86million.

"I trust that the concert will be held very successfully," she said. Since poverty-strickenand isolated Vietnam began to embrace the free market 25 years ago it has developedrapidly and become increasingly integrated with the rest of the world. Searcy sees the

Dylan concert as part of that process. "I think it's... just part of a continuing awakeningand dialogue at the international level that the Vietnamese very much support andencourage," he said.

 

For the Vietnamese, Dylan's visit is significant because he is a major international artist,not because he is associated with the anti-war movement, he added. "I think that's probably more important to Americans and to foreigners," Searcy said. Dylan's concertcomes after two much-hyped shows by nineties boy band Backstreet Boys, whoreportedly drew about 30,000 fans last month. Dylan will play an 8,000-seat venue at

RMIT University. 

Government-controlled media have given the musician only brief coverage, leaving morespace for commemorating the anniversary of the death of singer Trinh Cong Son -- knownas Vietnam's Bob Dylan when he sang about peace at the height of the war. Son, whosevoice the powers on both sides of the war tried and failed to silence, died in Ho Chi Minh

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City on April 1, 2001. Unlike Dylan, Son's music still resonates among Vietnam's youth --as well as its older generation. "Trinh Con Son is a genius," said Phan Quoc Nam, 35, amusician. "To understand his songs is quite hard. The lyrics are profoundly subtle andromantic." Vietnamese singers will perform 15 of Son's love songs to open Dylan's

concert, official media reported, quoting the late musician's sister.

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