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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.


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1 trickling 24aeffc8684b1cc6b8fa417e730cc8dc     
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
参考例句：
  • Tears were trickling down her cheeks. 眼泪顺着她的面颊流了下来。
  • The engine was trickling oil. 发动机在滴油。 来自《简明英汉词典》
2 justifiable a3ExP     
adj.有理由的，无可非议的
参考例句：
  • What he has done is hardly justifiable.他的所作所为说不过去。
  • Justifiable defense is the act being exempted from crimes.正当防卫不属于犯罪行为。
3 posthumous w1Ezl     
adj.遗腹的；父亡后出生的；死后的，身后的
参考例句：
  • He received a posthumous award for bravery.他表现勇敢，死后受到了嘉奖。
  • The legendary actor received a posthumous achievement award.这位传奇男星在过世后获得终身成就奖的肯定。
4 lasting IpCz02     
adj.永久的，永恒的；vbl.持续，维持
参考例句：
  • The lasting war debased the value of the dollar.持久的战争使美元贬值。
  • We hope for a lasting settlement of all these troubles.我们希望这些纠纷能获得永久的解决。
5 legacy 59YzD     
n.遗产，遗赠；先人(或过去)留下的东西
参考例句：
  • They are the most precious cultural legacy our forefathers left.它们是我们祖先留下来的最宝贵的文化遗产。
  • He thinks the legacy is a gift from the Gods.他认为这笔遗产是天赐之物。
6 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

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