ECONOMICS REPORT - Economic News in 2005By Mario Ritter

Broadcast: Friday, December 30, 2005

I'm Steve Ember with the VOA Special English Economic Report.

Today, we look back on some top stories of two thousand five. In January, we heard about the retirement plans, or pensions, of several airline companies in the United States. The Pension Benefit Guarantee Corporation has since taken control of the pensions of U.S. Airways and United Airlines. Also, Delta Airlines and Northwest Airlines requested legal protection from their creditors in September.




United Airlines

The Pension Benefit Guarantee Corporation protects the pensions of more than thirty-four million workers. The federal agency takes control of troubled pension plans. It says the pensions of Delta and Northwest have a total deficit of more than sixteen thousand million dollars.

But the agency has its own troubles. Its chief, Bradley Belt, said in November that the financial health of the agency was not improving. The Pension Benefit Guarantee Corporation reported a deficit of almost twenty-three thousand million dollars this year. Last month, the United States Senate passed rules to strengthen pension plans. But the House of Representatives is not likely to vote on new rules soon.

In September, fuel prices hit new highs. American drivers paid an average of three dollars and seven cents a gallon, or almost four liters. Damaging storms and growing demand were blamed for much of the increase. Hurricane Katrina and Rita damaged about one-third of all oil and natural gas production in the Gulf of Mexico.

The Department of Energy says problems of supply will remain until next year. As a result, most Americans will pay more for heating during the winter. Natural gas prices could increase the most. But pressure on drivers appears to be easing. Gasoline prices dropped to about two dollars twenty centers a gallon by the middle of December.

This year also marked the tenth anniversary of e-commerce. To many Americans, it may seem much longer. Amazon-dot-com opened in July of nineteen ninety-five. The store has received credit for changing people's opinions about buying over the Internet.

How much has the Internet changed the way Americans buy things? On the final Monday in November, Americans bought nearly five hundred million dollars in goods over the Internet. That represents a twenty-six percent increase from the same day last year.

This VOA Special English Economics Report was written by Mario Ritter. I'm Steve Ember.

* 如果因您不良评论或重复评论导致评论被删，您将会被扣掉一定数额的金币。
* 您必须遵守《全国人大常委会关于维护互联网安全的决定》及中华人民共和国其他有关法律法规。
* 承担一切因您的行为而直接或间接导致的民事或刑事法律责任。
* 您发表的文章仅代表个人观点，与大耳朵网站无关。
* 大耳朵评论管理人员有权保留或删除其管辖评论中的任意内容。
* 您在大耳朵网评论系统发表的作品，大耳朵网有权在网站内转载或引用。
* 参与本评论即表明您已经阅读并接受上述条款。