30s-Self-Intro

Intro: The CTA planned to build a new bypass at Belmont station, which would require the city to purchase and subsequently demolish 16 buildings to make way for the new Belmont bypass. We asked some people living near the proposed location of the project how they think of it. 

Outro: Those are the voices of residents of Lakeview neighborhood. 

Belmont Bypass  Mixdown

Intro:
Some Japanese economists met and talked about their concerns about the government's new expansionary policy of Japan, which came out on Oct. 31, at the 17th Annual International Banking Conference Thursday in Chicago.

Medill's Arlene Tang reports.

Some Japanese economists are not optimistic about Japan’ aggressive action to further stimulate the economy by buying seven hundred billion dollars’ government bonds and other assets a year, as consumer confidence continues to worsen and demand remains weak.

According to Toshiyuki Suzuki, Senior Market Economist of Bank of Tokyo –Mitsubishi UFJ, many consumers don’t simply feel better off.

 “Younger generation who have been suffering from the deflation since their birth, they are not willing to spend money; they are not willing to borrow money in order to purchase mobiles or houses. So unfortunately, the capital market it not working well and banks are very conservative to lend money.” 

He said despite the economic improvement these years, some people are skeptical of the sustainability when facing some other social problems.

“Living standard is not improving well, and we are going to have another problem of aging, that means young people have to care about his parents, his grandparents. It’s not so happy.” 

For Medill, I’m Arlene Tang.


Xiaolan Tang