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Business Matters 21 Nov 13: JP Morgan fine is tax deductible
Thu, 21 Nov 13
JP Morgan find some of their record $13bn financial penalty can be tax deductible. We find out if Africa's booming economic growth is trickling1 down to the country's poorest. Argentina's new finance minister is announced - but how will he explain the strange variations in Argentina's economic data? Also, bosses in Switzerland are found to be paid 200 times more than their employees - we ask if this is ever justifiable2. Finally, we discuss how much money can be made in posthumous3 reputation management, and just exactly how lasting4 the financial legacy5 of Elvis really is. All this with our guests Peter Morici, economist6 at the University of Maryland, and Alex Frangos from the Wall Street Journal in Hong Kong.
1 trickling | |
n.油画底色含油太多而成泡沫状突起v.滴( trickle的现在分词 );淌;使)慢慢走;缓慢移动 | |
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2 justifiable | |
adj.有理由的,无可非议的 | |
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3 posthumous | |
adj.遗腹的;父亡后出生的;死后的,身后的 | |
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4 lasting | |
adj.永久的,永恒的;vbl.持续,维持 | |
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5 legacy | |
n.遗产,遗赠;先人(或过去)留下的东西 | |
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6 economist | |
n.经济学家,经济专家,节俭的人 | |
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